Us markets have their worst day since the president ial election as turmoil grips the white house. Plus alibaba goes west. Chinas 300 billion E Commerce Giant looks to america but can it take on its us rivals . Welcome to World Business report. Im sally bundock. Also in the programme, japans economy grows for the fifth quarter in a row has abenomics finally paid off . Well be live in tokyo for reaction. But first, we start on wall street where for months optimism about the trump presidency, the markets have been powering to record highs. But late on wednesday the trump bump turned into the trump slump as us stocks and the dollar suffered their worst day since before the election. The cause of the sell off . Growing concern that the president s promised tax cuts and pro business reforms may never materialise, as the white house battles one controversy after another. Lets show you the numbers. The Dow Jones Industrial average fell 372 points, and both the dow and s p 500 suffered their w
With me, zeinab badawi. My guest is one of the most influential voices in Global Finance today. He was made governor of the Central Bank Of France following a sting as governor for 12 yea rs. Before that, he was the Vice President of the European Central bank and has worked with every leading financial institution. Christian noyer has been tasked with making the case for paris as a Financial Hub following brexit. Is he making too tough a sell and potentially damaging ties with the uk . Christian noyer, in paris, welcome to hardtalk this is the fourth president that you are serving under in some senior capacity. Emmanuel macron is a former banker. Is he the right president at the right time for france . Well, first, thank you very much for inviting me. I think, yes, absolutely. For the first time for many years, we have a president who was elected with a clear Political Programme for deep Economic Reforms, and he has a clear mandate to make difficult reforms in the Labour Market, and th
With me, zeinab badawi. My guest is one of the most influential voices in Global Finance today. He was made governor of the Central Bank Of France following a sting as governor for 12 yea rs. Before that, he was the Vice President of the European Central bank and has worked with every leading financial institution. Christian noyer has been tasked with making the case for paris as a Financial Hub following brexit. Is he making too tough a sell and potentially damaging ties with the uk . Christian noyer, in paris, welcome to hardtalk this is the fourth president that you are serving under in some senior capacity. Emmanuel macron is a former banker. Is he the right president at the right time for france . Well, first, thank you very much for inviting me. I think, yes, absolutely. For the first time for many years, we have a president who was elected with a clear Political Programme for deep Economic Reforms, and he has a clear mandate to make difficult reforms in the Labour Market, and th
Jobless growth refers to a significant decline in employment growth despite output growth. It has been prevalent in Zimbabwe over the last few decades.
After the federal majority parties failed to conclude an agreement on Friday on a series of labour market reforms, they finally broke the deadlock overnight on Monday this week.