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business reporter this morning is katie silver has been looking into the story for is and joins us on the programme. always going to get you on the show. what is your sense of the key things to look out for today? key things to look out for toda ? ,, ~ ., ., ., today? sure. we have heard from the a-rou today? sure. we have heard from the grow) and today? sure. we have heard from the group and the today? sure. we have heard from the group and the key today? sure. we have heard from the group and the key things - the group and the key things are the war in ukraine and then china, particularly when it comes to china is its relationship and how is it how it plays our going forward when it comes to taiwan. the meeting began at the end of last night, a working dinner between the foreign ministers. we also saw the eu s top foreign policy chief, josep borrell, addressed the group by video link. is said basically when it comes to china they have the decision was the rel ....
morning as katie silver and she has been looking into this story for us and joins us on the programme live. it was great to get you on the show. what is your sense of the key things they re hoping to discuss and achieve at this meeting? figs discuss and achieve at this meeting? discuss and achieve at this meetinu? a ., meeting? as you said, at the to of meeting? as you said, at the tap of the meeting? as you said, at the top of the agenda meeting? as you said, at the top of the agenda is - meeting? as you said, at the top of the agenda is china. . meeting? as you said, at the | top of the agenda is china. we have seen it already. we heard, for example, last night there was a working dinner to kick off this three day event and by video link we heard from the top foreign policy chief of the eu, the high representative josep borrell. he is basically called on leaders of the g7 to put china and particularly its behaviour when it comes to taiwan as the major focus that ....
Think over the course of this year we will see more non performing loans, we will see some of those loans they were created of the last couple of years roll off towards default. it will mean credit creation will be slowed even further, credit positions will tighten, and for the us economy thatis tighten, and for the us economy that is not a good thing. it really does come at the same time as the fed has hiked a lot, monetary policy is restricting, credit growth will slow, over the course of the year it increases the likelihood we see a recession before 2023 ends, and that is the major risk facing us economy right now. issak paul from oriana economy right now. issak paul from oriana financial - economy right now. issak paul from oriana financial services | from oriana financial services speaking to me earlier. the value of the global cosmetics industry is thought to be a whopping 90 pt it billion us dollars by 2030. the majority of the growth is expected to come from right here, the a ....
Those tensions. but in the short term i think china s reopening will add to some of the good news stories coming out of the region. out of the region. that was karie murphy out of the region. that was karie murphy cruz - out of the region. that was karie murphy cruz from - out of the region. that was - karie murphy cruz from moody s analytics speaking to me earlier. in other news, some of the biggest banks in the us have reported their results for the first quarter. jpmorgan, citigroup, and fargo released earnings that beat expectations on friday but they have been growing fears of the health of the financial sectors of the recent banking turmoil in the us and europe. we will find out how other major lenders will fare later this week. i spoke to isac paul a little earlier, the global chief investment at oriana financial services, he told me the latest results look good, but the earnings may have peaked. good, but the earnings may have eaked. , , ., ., peaked. these were very good r ....
That will result in slower credit growth for the us economy and all of this is coming at a time when the us economy is already slowing, is already trending towards recession. this is a scenario thatis recession. this is a scenario that is always challenging for the banks and so coming out through the first quarter we re going to those banks really try to guide earnings expectations, we re probably working towards negative earnings over the remainder of this year and probably the us economy as a whole. ., ., , probably the us economy as a whole. . .,, , ~ whole. that was issak poole from the whole. that was issak poole from the oriana whole. that was issak poole from the oriana financial - from the oriana financial services firm. india s largest private bank reported a 20% jump private bank reported a 20% jump in net profit for the quarter ending march. for more on how the banking sector is doing we cross to my colleague who joins doing we cross to my colleague whojoins me now from ....