of 3.3% in the last three months of 2023 much stronger than expected. that s raised hopes that the us federal reserve might have achieved a soft landing getting inflation under control by raising borrowing costs without crashing the economy. the strong economic numbers helped stoke an ongoing rally on us stock markets. both the dowjones industrial average and s&p 500 closed at new record highs on thursday. and traders weren t the only ones celebrating. the gdp figures have been seized upon by president biden, who is battling for re election. he s been suffering poor approval ratings for his handling of the economy, as american households feel the impact of higher prices on their finances. from new york, here s michelle fleury. for an economy many said was headed for recession, the us continues to defy expectations. in the final three months of last year, the american economy grew faster than expected, expanding at an annual rate of 3.3% while inflation fell. growth for th
China. Some actually call it a dragon bear partnership. The goal of these meetings, the partnership, is simply to change the global war router or did that was established by western democracies after the Second World War global world order. Working together to replace the Current System with the new system, air system. This is not only on the military front but the economic front. Think about the technology, energy. So, ithink it is really important to watch what will be set there. Because it is consequential. The aim is again to fight democracies in the system that was established in to replace it with their own system and we have seen the expressions of the use geopolitical aims not only in ukraine, but we have seen also and talk or see like iran in the middle east, we are watching also north korea, what that country is doing and we see those autocracies are working together, to a certain extent. But at the epicentre of that it really is the russian and chinese cooperation. Is very i
Fine for google. Also, fine for google. As packets of weetabix are inhabited also, as packets of weetabix are inhabited new zealand, we want to know what you cant live without when you go on holiday. Is it your pot of marmite or your tea bag . Its the tea bags for me. Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. We start with more problems for British Airways. Thousands of passengers are learning that their flights have been cancelled because of an unprecedented 16 day strike by some cabin crew, which begins tomorrow, july 1st. On thursday, ba said most flights will operate as normal, but it has cancelled a number of long haul departures to and from heathrow. Short haul and flights from other uk airports are unaffected. So whats it all about . The unite union says cabin crew who have taken industrial action over pay in the past have been blacklisted losing benefits like staff Travel Concessions and bonuses. Ba estimates around 8 of its total cabin c