Military, allegedly showing it targeting ukrainian troops who d crossed the border. It s presented like a blockbuster. In reality, this is a huge problem for russia. The governor of russia s kursk region put it in figures. He told vladimir putin that ukrainian soldiers had seized 28 settlements in his region. The kremlin leader cut him off. Leave the numbers to the military, he said. Translation: the main task| is with our ministry of defence and that is to force the enemy from our territory. Our adversary will, of course, receive a fitting response and, without doubt, all our objectives will be met. As ukrainian troops have moved in, residents have moved out. Officials say that more than 120,000 people have been evacuated in kursk region, and thousands more in the neighbouring region of belgorod. There are fears of a ukrainian incursion there, too. What is happening is huge. For the first time in more than 80 years, foreign troops are fighting on russian soil. And yet, the country s l
Jobs numbers on friday. Investors worldwide are braced for a volatile week with the sell off injapan expected to continue in europe and the us. Let s have a look how asia is fairing now. As you can see, the main market injapan is down over 7%. This is in reaction injapan a great deal to what happened last week, the central banks apprising with a movable interest rate, and that because the japanese yen, the currency to strengthen versus the us dollar. So that specific pressure for stocks listed, slight decline for the hang seng, other markets in asia, they are down. Let s go to our asia business hub tojoin the bbc s resident yen geek, mariko oi, because, mariko, the sell off injapan is partly because of the japanese currency, isn t it? it isa it is a bit ofa it is a bit of a bloodbath today. The decay as you mentioned opening 7% lower and more crucially they are actually down by more than 15% in three sections nikkei. If confirmed at the end of today, biggest three day funds in 2011
Rate setting meeting. The federal reserve decided to keep the cost of borrowing on hold for the eighth month in a row at between 5. 25 and 5. 5%. That s a 23 year high. But it was what the fed chair had to say that gave investors a boost. Jerome powell gave the biggest hint yet that a september interest rate cut could be on the table. Here s what he had to say. If we were to see, for example, inflation moving down quickly or more or less in line with expectations, growth remains, let s say reasonably strong and the labour market remains consistent with its current condition, i would think a rate cut could be on the table at the september meeting. Joining me now is wei li, global chief investment strategist at blackrock. No surprise that wall street was chairing this direction, clear communication from jerome powell. ~ , ,. , ,. , powell. Absolutely. He made it very clear powell. Absolutely. He made it very clear the powell. Absolutely. He made it very clear the bow powell. Absolu
Billion to pay for, according to the institute for fiscal studies, but it pay reviews for other public sector workers like police, doctors, dentists and prison staff, come up with a similar number, the institute for fiscal studies warns this could quickly rise to £10 billion. Let s bring in political breath now you. Hi, c. This field is a bit like inheriting a property and finding it is more of a house of horrors than you initially first thought. How much of a surprise is that? we kind of knew this was coming, no? yes. Of knew this was coming, no? yes, it s certainly of knew this was coming, no? yes, it s certainly not of knew this was coming, no? yes, it s certainly not a of knew this was coming, no? yes, it s certainly not a total of knew this was coming, no? us: it s certainly not a total surprise that labour have found there is a very difficult picture facing public finances. It is something that the cpr finances. It is something that the 0pr has been flagging for some tim
From losses last week? i think it could. You might see mixed results from those companies. Tesla seemingly signalling some weakness, may be in auto sales, google on the other hand, i would expect continued strong numbers, especially in an election year. A lot of the revenue is being driven by are based numbers and so i expect that they will look good and tesla might come up week today. Perhaps a clue from gm s own reporting today, showing steady demand and prices in the us, not so much in china. How do you see the ev wars playing out this quarter? it seems to be price competition. The growth rate for tesla has seemingly slowed down a little bit. They are offering more incentives, they are competing, certainly with byd from a price perspective, so i think that makes it a challenge and some softening demand, certainly within china but also in the us as well. I think in general still strong, growth will continue to happen over many years, but relative to the numbers we might see this qua