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De risking strategy poses yet another threat to foreign businesses operating there. I think the biggest challenge right now is the clear message from the United States government coming right out of the white house that theyre encouraging us businesses to essentially what they call de risk from china, that theyre encouraging us businesses to limit investment in china, especially when it has to do with industries that touch on National Security concerns. One of the things that china had introduced over the weekend, theyre offering Tax Incentives as well as help with visas. But is that going to work . I dont think so. Not right off the bat. And i think the State Council recently issued some guidelines in an attempt to essentially make investments in china more attrac ....
Has to do with industries that touch on National Security concerns. One of the things that china had introduced over the weekend, theyre offering Tax Incentives as well as help with visas. But is that going to work . I dont think so. Not right off the bat. And i think the State Council recently issued some guidelines in an attempt to essentially make investments in china more attractive. And i think it shows us three major things. The first is that it demonstrates that china knows that its got a problem. Its economy is slowing. Its got a housing bubble, unemployment is particularly high and Foreign Investment is beginning to slow down. The second thing is theyre saying the right things, that theyre providing ....
England decide what to do with Interest Rates. The current uk base rate 5. 25 . But after we found out that wages, on average, are rising at their fastest level now in 20 years, could we see another rise in september. Joining me now is kallum pickering, whos the Senior Economist at berenberg bank. With your predictions, what are you thinking you will see here today . I you thinking you will see here toda . ~ , today . I think we might be surprised today . I think we might be surprised a today . I think we might be surprised a little today . I think we might be surprised a little to today . I think we might be surprised a little to the surprised a little to the upside but it not should not make much of a difference, the Bank Of England expecting 6. 8, markets expecting 6. 7, if it came at 6. 9 i would not be surprised b ....
what exactly do we expect to hear from him? reporter: yeah, that s right, bianna. president biden is going to be tackling head on what has become a political liability for democrats less than three weeks away from these midterm elections and that s the price of gas in the united states, which is now 20 cents higher than it was a month ago. we have seen those prices come down some over the last week, but there are still a lot of concerns, especially given the cut in production announced by opec plus earlier this month, the conflict that is still ongoing in ukraine and so president biden today trying to do something to tackle the rising price of oil and in accordance with that the rising price of gas. 15 million barrels of oil is what president biden is directing the administration to release from the strategic petroleum reserve and that is going to be the last of the 180 million barrels of oil that president biden announced last spring that the administration would rel ....