A Little International economy at the present moment how concerned are you that were heading into a fury as far as a recession is concerned well alex a connoisseur are meant to be pessimists but if you look at the hard numbers of the moment its stiff you know to see a perfect storm gathering to clear over the u. K. Economy business manufacturing down in 7 years weve got a weve actually got the the 2nd quarter g. D. P. Is actually stalled its down were well into the 3rd quarter i suspect we may already be in recession in the u. K. Normally your economy if it does have a dip its one particular bit of the economy there gets impacted. All the major drivers of the u. K. Economy are in serious trouble which is just Something International is happening construction nor the biggest new engine of the economy. Lost orders in since the banking crisis of 2008 Consumer Spending thats the big we depend on Consumer Spending retail sales down over the year and not just fall in high street shops the sh
The arctic is often described as a vast expanse of eternal ice but in some parts of the region thats no longer the case. This is alice muir island in the canadian arctic. This strip of coastline was once covered with ice but the nearby glaciers are melting so we can see more and more of the land that lies beneath them. Some researchers predict starting in 2050 the arctic will be ice free in summer so what will happen to the region is all that ice melts. This for. Almost a week to rise in sea level. The arctic helps to determine the climate for a much wider area including parts of the us due to Climate Change due to the ice free feeding. The wall maps the retreat with the arctic in the center. That will cause massive changes here and in other parts of the world. I think. The biggest challenge facing the whole in the future. A challenge or an opportunity during the summer after the ice has melted but to taishan blooms along the coastline animal bones indicate that wildlife has returned.
Global Business Forum. Will be speaking to pierre moscovici, european for economic and funny to affairs, andreas , Allianz Global Investors ceo, and stephen badger, mars inc. Chairman. Lisa deepening some of the concerns about trade come the s p lower. Crude dropping as well as saudi arabia seems it is getting production online faster than expected. The euro losing versus the dollar. The dollar strengthening despite concerns about turmoil amid the leadership in the u. S. Onyear yields going lower this risk off day. David joining me now at the Bloomberg Global Business Forum is andreas utermann, Allianz Global Investors ceo. It is good to have you here. I want to start with why we are here. It is the Climate Finance Leadership Initiative. Explain to us what that is. Andreas it is an initiative that michael bloomberg, on behalf of the u. N. , kicked off about a month ago. It brings together a significant number of affluent to private sector organizations with the aim of cooperating and c
The arctic is often described as a vast expanse of eternal ice but in some parts of the region thats no longer the case. This is a list near island in the canadian arctic. This strip of coastline was once covered with ice but the nearby glaciers are melting so we can see more and more of the land that lies beneath them. Some researchers predict starting in 2050 the arctic will be ice free in summer so what will happen to the region is all that ice melts. This will be almost a week to rise should she look. At the arctic helps to determine the climate for a much wider area including parts of the us due to Climate Change due to the ice free feeding. The wall maps the retreat to the arctic in the center. That will cause massive changes here and in other parts of the world. The biggest challenge facing the whole in the future. A challenge or an opportunity during the summer after the ice has melted vegetation blooms along the coastline animal bones indicate that wildlife has returned. More
Central Bank Governors a, the boj will reexamine prices and the economy at its october meeting after holding rates. There was a bank of england decision today and is nordisk bank the first hock standing hawk standing . Matt a lot of headlines last night out of the fed. First diving and then recovering, although not setting new highs again on the s p 500. Nejra i did find it interesting because yesterdays meeting and the press conference engender debate. I said it hawkish cut with a question in my voice because i am not sure it was hawkish. He saw division on the fomc but te tuesday 10 curve twos ns, but the equity market is key, as well, perhaps signaling something more balanced. And we almost got a whatever it takes moment from powell during the presser. Policymakers lowered their main Interest Rate for a second time chairman powell saying moderate policy moves should be sufficient to sustain the u. S. Expansion. The overarching story was one of division on the fomc with updated quart