schultz. on putin s war in ukraine, on whether ukraine and russia should start talking about a peace deal and about the future of europe itself. and chevron ceo mike worth on the present and future of oil which still powers our world. also, just where did covid come from? the so-called lab leak theory just got new life this week. we ll follow the facts with dr. lena wynn. but first, here s my take. we are often told that america is deeply divided, that polarization makes it impossible for us to make any progress in policy, that our country is so internally conflicted it cannot project unity and strength to the world, but on the most important policy issue confronting policymaker, the problem is closer to the opposite. washington has embraced a wide-ranging consensus on china that has turned into a classic example of group think. to watch tuesday s hearing held by the new house select committee on china was to be transported back to the 1950s. members of both partie
welcome to the programme. amid the turmoil in uk markets this week, the chancellor met the us banks today and was told in no uncertain terms that his budget which he has planned for november is way too far away . the government needs to communicate much sooner, said the banks, on what the solution will be to the problem the city believes they created. it has been another chaotic day on the markets. this morning, the bank of england performed a screeching u turn, putting the brakes on its plan to sell government bonds and instead launching a new scheme to buy them. think of it as a form of digital money printing. the bank is creating funds to to buy bonds which the government issues to borrow money. and this is why. since the mini budget, the cost of government borrowing long term has shot up. it was spiralling above 5%. that s a 20 year high. we have seen rises in the last two days that would normally take years. the bank of england is buying up the debt, in essence creating
he loan will be raised by Dhamra LNG Terminal Pvt, a unit of Adani Total Pvt, Bloomberg reported quoting people in knowledge of the development. The debt’s tenor could range from three to five years, with the pricing likely linked to the Secured Overnight Financing Rate