Now on bbc news live to singapore for Asia Business report. Unhappy holidays for amazon. Shares of the Online Retail giant giant slump as it expect so we can forecast a christmas sales. Find start your day, why you could soon be going to work in one of these air taxis. Good morning asia, hello world. Yes it is a friday, almost the weekend. Im rico hizon for Asia Business report. Whats start with amazon because the stock price fell in extended us trading. The slide comes as the Company Forecast revenue and profits for the Christmas Holiday quarter to be below expectations. Amazon is facing fierce competition and rising cost from its plan to speed up delivery time globally. The latest from new york. Amazons push to push prime nomadic subscribers has. They send ten boeing dars and posting of the past three months. An extra spending means past three months. An extra spending m ea ns lower past three months. An extra spending means lower profits. Compared to last year, amazons quarterly pro
hearing, has held what the us calls candid and constructive talks with china s foreign minister in beijing. this at the start of two days of meetings with chinese officials. mr blinken emphasised the need for diplomacy and keeping open channels of communication us officials added. the trip to china is the first by a top us diplomat in almost five years and comes months after an earlier visit by the secretary of state was postponed when a suspected chinese spy balloon flew in us airspace. can this trip reboot relations? to discuss this and what s at stake for the world s two biggest economies, i m joined by alicia garcia herrero chief economist at natixis. good to have you on the programme. from your perspective, when we are looking at trade, the two biggest economies in the world, how important is this trip? extremely important. and the main reason for this trip is not even trade, it s about assurance to really avoid a military conflict in taiwan and i think that s th
us and eu officials are meeting today to discuss energy cooperation. the focus? according to the us, joint efforts to blunt russia s attempts to weaponize energy, bolstering energy supplies for the coming winters. this comes as eu member states consider extending restrictions, or even outright banning, russian natural gas imports. the bloc has also imposed a $60 a barrel cap on purchases of russian crude oil, something that the us has supported. joining me now is olga khakova, deputy director for european energy security at the atlantic council s global energy center. on the committee that looked into their trade relationships. has russia been able to weather the international sanctions issued against its energy exports? i think overall, the price caps have been a win, a lot of analysts actually were hesitant to implement or support but anything and the overall goal was achieved. key pressure on energy supplies on the market while minimising how much money russia is making
Fraught with risk. Betty we are getting breaking industrialth korea production for the month of july, coming in better than 1. 9 , year on year. Estimates, they expected a decline of 2 10 of 1 , but we see a rebound of 1 10 of 1 . The prior month was revised lower, that is what you see a bigger rebound. Nonetheless, it speaks to the same conclusion among economists in south korea that the economy continues to grow in the second half, fueled by exports as well as domestic consumption, despite all these headlines we had the last 48 hours on north korea. Yvonne that is right. The economy is still on solid footing. But you wonder, we have heard hawkish rhetoric from the bank of korea governor. Can they continue this type of language if this north korea issue is not going away . It could start riling up markets and consumer sentiment, delay investment plans from businesses. That is the key question. We are looking to that press conference from the governor. A big day today with the u. S. Gd
Stocks to currencies, the u. S. Election is that can mac. 8 00 across the emirates, 4 00 in london. Past noon. Kong, just welcome to the Bloomberg Markets middle east. Watching the rate hike probability. The fed coming out. No action but all words. As Kathleen Hays said, it is about the direction of where they are going. Take a look and you can see the spike as the markets watch this rate hike probability. All signs point to december holding off as many say is the right thing to do ahead of the election because who knows what is going to happen on november 9 and how markets will react. So, that is what we are watching. And then they just jump in really quick. Really is about that risk mumbai trading for almost 20 minutes and you can see the sea of red across the board as asian markets take that i think you can say money off the table on the sidelines perhaps no waiting for that u. S. Election decision japan by the way is shown for culture day. Ll right manus, this is the lead that we g