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BBCNEWS Asia July 2, 2024

interesting. he was basically saying that the idea of globalisation was irresistible and irreversible and that any efforts to enact protectionist policies would lead to nowhere. the title of his speech was unpacking the new order. i think what he was basically talking about was the united states led western efforts to try and impose technology sales to china for the two basically make china less capable of things like chip making and green technology. i got to say, i think a lot of people in that room, business delegates would probably agree with him. the old order, if you want to call her back, the idea that countries making stuff the quickest are the cheapest and most efficient countries, making and selling it to people who need, i think that works for a lot of businesses. the problem is that western governments weren t happy with that because if you have a dominant, that does pose a threat if you re western country that s why you see things like chip making technolog ....

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BBCNEWS Verified July 2, 2024

of england andrew bailey dismissed any hopes of an interest rate cut in the near term. speaking at a conference hosted by the central bank of ireland in dublin earlier today, bailey said that it s too early to talk about a rate cut, given the continued risk of inflation. also today the international monetary fund warned that rapid wage growth in the eurozone will also keep inflation higher for longer. the imf urged the european central bank to hold interest rates at or near record highs through next year to keep a lid on price pressures. here s one economist we spoke to earlier. i think the imf is very much in tune with what the european central bank has been saying, which is that although the headline inflation rate has come down a lot, the labour market is still strong, wage growth has been quite strong. and it s going to be a very difficult and slow process to squeeze out that last bit of inflation from the system. so, i mean, we re thinking interest rates are like ....

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BBCNEWS Asia July 2, 2024

gathering of global, political officials, former officials, economic leaders and the guest speaker this morning was hengjun, the new vice president of china. i ll run you through some things he said which was interesting. he said things like protection of unilateralism will lead nowhere, that globalisation is irresistible and irreversible and i have to say people are listening to him, delegates, these are people who represent these are people who represent the global businesses around the global businesses around the world probably agreed with him because the old system he talks about, the globalised system where china makes cheaply, efficiently, traders open between countries, that does benefit business. people who are bit more nervous about these kinds of things our government, western governments and notify the united states if you are more dominant china, cuc things like the united states fully and restrictions on ownership technology. you see the us curbing investm ....

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BBCNEWS Asia July 2, 2024

grappling with losses in debt since 2019. it was backed by soft bank ofjapan and has reshaped the office sector globally but it has now sought us bankruptcy protection on monday after its bets on companies using more of its coworking space sound. that is just coming out. we should have the latest news on our website and we will bring you more as we get it. that breaking news justin, wework has filed for bankruptcy protection in the united states due to heavy losses that it has been suffering since 2019. let s move on to beijing, where australia s prime minister has met chinese prime minister xi jinping. the leaders have expressed a desire to work together and move on from recent tensions. their relationship soured during the pandemic, after australia s previous government called for an independent intervention into the origins of covid 19. beijing slapped bans on products such as wheat, corn and barley. the tariffs which were only lifted this year. this is the chinese l ....

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BBCNEWS The July 2, 2024

we ve done nothing wrong. i had two minutes to get to them and get myself ready, which i did and then there was an equipment malfunction and because obviously, it was disgraceful for them and because obviously, it was disgracefulfor them if and because obviously, it was disgraceful for them if they want to play cricket like that and stoop to that level, i think there s something wrong, drastically. afghanistan are getting ready to face australia on tuesday. they still have a chance of reaching the semi finals. they were joined by a famous visitor to theirfinal training session on monday, a certain sachin tendulkar dropped in to wish them the best, coach jonathan trott knows his team must win and then beat south africa on friday if they re to be in contention we give ourselves a good chance and if we give ourselves a good chance, we really looking forward to it. as a dentist to ground to play out with a dentist to ground to play out with a lot of history and fanaticism ....

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