let s begin in the us where as we ve been hearing, a landmark bill which includes billions of dollars to fight climate change, has been approved by the senate. the $430 billion bill will fund a range of measures to steer the us economy away from fossil fuels, with initiatives to boost electric car ownership and the use of solar energy. the bill also funds measures to reduce healthcare costs. so what does this all mean for the us economy? joining me now isjustin urquhart stewart, founder of regionally investment platform. lovely to see you. on the face of it this is a huge step forward, isn t it for the us in terms of its fight again the climate crisis but the devil will be in the detail, won t it? , will be in the detail, won t it? , ~ it? it s looks like we ll turn the other it? it s looks like we ll turn the other knock it? it s looks like we ll turn the other knock when - it? it s looks like we ll turn the other knock when we l it? it s looks like we ll turn l the o
Picked up at the breakdown, more downbeat picture. So the acceleration really driven by net exports. It tends to a bigger decline it relative to exports. We look at domestically indicates this, private consumption, government spending, investment, all of this indicates it actually to curated so that sick new rules weakening. Signals weakening. Is the slowdown on china likely to reflect on the numbers here . If you look at exports thats contracted in the fact that china accounts for 20 of korean exports that suddenly imposing a track on the overall Export Sector. If you look at Customs Trade Data today, total korean export revenues have only about 12 year to year. But if you isolate exports to china, that has fallen by 25 . So that is the key driver of the Export Sector will be missed. In the months ahead, what are some of the key sets of data that you will be looking out for . We will be watching the High Frequency data so far but we have seen for quarter three so far still suggests it
South china sea. You like, and tensions in the south china sea. Because of the existin south china sea. Because of the existing complex south china sea. Because of the existing complex dynamics south china sea. Because of the existing complex dynamics that| existing complex dynamics that we are talking about, how difficult does it make for these countries when they have to, in a way, walk the tight rope and really pick sides between the us and china when theyre trying to move ahead and forge a relationship . Thats a very delicate issue. I mean, the asean group is trying to really remain neutral as much as they can, and they also need, in a sense, both g2 we call them the us and china to assist them in many ways, including in trade, economic activities, foreign direct investment. So theyre trying to basically pick up the best of these two in terms of trade, foreign direct investment, but theyre mindful of regional as well as global geopolitics which are influencing the way in which the
In the south china sea. Because of the existing complex dynamics that we are talking about, how difficult does it make for these countries when they have to, in a way, walk the tight rope and really pick sides between the us and china when theyre trying to move ahead and forge a relationship . Thats a very delicate issue. I mean, the asean group is trying to really remain neutral as much as they can, and they also need, in a sense, both g2 we call them the us and china to assist them in many ways, including in trade, economic activities, foreign direct investment. So theyre trying to basically pick up the best of these two in terms of trade, foreign direct investment, but theyre mindful of regional as well as global geopolitics which are influencing the way in which the asean group has to relate to g2, if you like. And i think that that will remain an ongoing challenge for the asean leaders. The countdown to the 620 Leaders Summit this weekend has begun with news that chinese Leader Xi
The studio with. This man has been convicted of being an accessory in the nine eleven attacks is he not considered dangerous and when the killing still is hes also described as somebody who didnt move an inch from his extremist islamist convictions even during more than a decade behind prison walls here in germany here in germany hes known pretty much as the face of terrorism when this cell was detected here in germany that of course was a big shock also to the germans here who really didnt believe that this was possible and this is a bit more about what rules. Played in in the nine eleven attacks where you studied engineering in hamburg he also actually stay with a German Family youve been completely shocked to learn that he became a terrorists was seen as somebody who directly helped those pilots that crashed into the World Trade Center and thats also what in the end led to his conviction
for those murders of those people who were on board the plane there was no legal link at least e