i don t really see anything more meaningful coming into the market. we have reached now the halfway point of 2023. how would you describe the health of the global economy? that s a really intriguing question. i think throughout this year, central banks and lawmakers and policy makers have been focused on containing inflation, bringing inflation under control, and a lot of these banks have failed to bring the inflation to the target level, which is still running quite high, so especially in the uk, the cost of living crisis is a huge issue, and inflation data last week has already shown that there is no easiness or ease off in the data for the time being. but, having said all those pessimistic things and pointed to those factors, i think i am a bit more optimistic going into h2 of this year because i think inflation is going to come closer to the central bank s target, whether we are talking about the federal reserve, whether we re talking the ecb, and, of course, inflation is
jonathan charles is back with us geopolitical insight advisor, specialising in russia and the countries around it and a former bbc correspondent in moscow and ukraine markets in moscow and ukraine quick to react and no surprise markets quick to react and no surprise that the rouble has sunk. it surprise that the rouble has sunk. . , , ., ., sunk. it hasn t been doing that well for several sunk. it hasn t been doing that well for several weeks - sunk. it hasn t been doing that well for several weeks and - well for several weeks and months and it was inevitable with uncertainty and that is what we have with russia now, it has exacerbated a trend and we have seen that fall in the rouble. untilwe we have seen that fall in the rouble. until we know what is going to happen, can vladimir putin reassert that sense of strongman rule which at least is certainty, it may not be very nice, but at least it is certainty, then there will be questions about the economy, about the roub
is these tensions, if they escalate and change into something more meaningful, i think that certainly we will have a huge reaction in the market, but for now i don t really see anything more meaningful coming into the market. ~ . market. we have reached the halfway point market. we have reached the halfway point of market. we have reached the halfway point of 2023. - market. we have reached the halfway point of 2023. how. halfway point of 2023. how would you describe the health of the global economy? that was a really intriguing of the global economy? that was a really intriguing question. - a really intriguing question. throughout this year, central banks and lawmakers have been focused on containing inflation, bringing inflation under control, and a lot of these banks have failed to bring the inflation to the target level, which is still running quite high, so especially in the uk the cost of living crisis is a huge issue, and inflation data last week has already show
weekend. let s dive right into the week s top stories. the big story, of, course we have two hot wars for the president to navigate on the world stage. the republican-controlled house has voted to formally authorize its impeachment inquiry into president biden despite failing to provide any evidence of wrongdoing by the president. the vote was strictly along party lines with all 221 republicans voting yes, all 212 democrats voting no. republicans say the move will grant them the ability to better enforce their subpoenas in the courts. house oversight chair republican james comer has accused hunter biden and other biden family members of engaging in, quote, shady business practices. but as we said, has yet to reveal any evidence of wrongdoing or influence peddling by the president himself. so here is what several house democrats said ahead of the vote. see the biden impeachment investigation isn t a who done it. it s a what is it? it s like an agatha christy novel where the
obligations. it has until the first ofjune to sign an agreement or the us could face an economic catastrophe. in just over two weeks the united states could run out of money to pay its debts. the consequences of breaching the debt limit would be catastrophic for the country. and there is pressure on democrats and republicans to make a deal before june first. us presidentjoe biden spoke about the debt ceiling negotiations before leaving for the g7 summit injapan, a trip he is cutting short to get back to washington to continue the talk. i made clear that america is not a deadbeat nation, we pay our bills. the nation has never defaulted on its debt and it never will. we re going to continue these discussions with congressional leaders in the coming days until we reach an agreement. president biden and congressional leaders have agreed the country will not default but the consequences would be dire for the american economy and all sides are confident that they will be able to ge