Between the worlds two economic heavyweights. Chinese Foreign Minister wang yi is in washington hes been meeting us Secretary Of State Antony Blinken and is expected to meet National Security adviser jake sullivan. Blinken told the Un Security Council on tuesday he would work with the Chinese Foreign minister to prevent the middle east conflict from spreading. But talks with china are also expected to focus on trying to resolve disagreements over other issues including trade. Earlier this week, beijing restricted the exports of graphite which is used in many products, including electric cars. China produces 90 of the worlds graphite supply. The us responded by advising its top tech firms which included nvidia to stop exporting some of their latest ai products to china. Soaring demand for nvidias chips has driven its share price up by more than 200 over the past year, with china its leading buyer. Janet mui is head of Market Analysis at rbc brewin dolphin. Thank you for being with us. T
Frances newly elected president Emmanuel Macron faces a diplomatic challenge as he meets with russias vladimir putin. But the countries do have deep economic ties. It used to call itself the worlds favourite airline, but with Flight Disruptions entering a third day, few of bas passengers are likely to agree. Welcome to World Business report. Im jamie robertson. In a minute well have Special Report from sri lanka on why the country is selling chunks of its infrastructure back to the country that built them, china. But first, today the new french president Emmanuel Macron will meet with his russian counterpart, vladimir putin. The kremlin was hoping that the meeting would take place under rather different circumstances in the recent French Election campaign, mr putin had voiced his support for the eurosceptic candidate marine le pen, who lost to mr macron. Nonetheless, the relationship between france and russia remains important to both countries. France is russias biggest foreign invest
Muted start. And Chlorinated Chickens, the Electric Mini and tech titans well be looking at whats been a busy week in today we want to know does great wealth bring great responsibility . Yesterday amazon founder jeff bezos was, briefly, the richest person in the world what would you do if it was you . Just use the hashtag bbcbizlive. Hello and welcome to Business Live. We start with retail giant amazon it has seen its shares fall sharply after its latest figures disappointed wall street. The good news it is raking in huge sums of money as its sales keep expanding. The bad news its spending a fortune on developing its business and that is making investors nervous. Lets show you the details. Total sales in the three months tojune jumped almost a quarter compared to last year to just under 38 billion. Unfortunately they spent almost all of it Operating Expenses surged to well over 37 billion. That means there wasnt much actual profit a comparatively measly 197 million and down 77 on last
Workers in greece and say they are dealing with hundreds of extremely vulnerable refugees held on the island of lesbos. Bags of Rubbish Pile Up in birmingham as rubbish collectors step up their industrial action. Collection has already been disrupted for weeks. And its only just bought it. A Driver Looses Control of his new £200,000 ferrari. That was one hour after he picked it up that was one hour after he picked it up from the garage. Good morning. Its friday 28th july. Welcome to bbc newsroom live. The bbc understands that at least 60 high rise buildings, which used insulation and cladding similar to Grenfell Tower, have failed a new fire safety test. The test is seen as more thorough than previous ones, as more materials were analysed together for the first time. So farjust nine of the buildings which failed have been identified. Theyre in salford in greater manchester, where the local council is asking for help from Central Government to meet the cost of replacements. Ministers w
at city index. good to talk to you. there is just so much discussion about these travel lists and criticism and the travel industry putting in their own recommendations, calling for more clarity, so it would seem we have a u turn on this amber watchlist. we have a u-turn on this amber watchlist. . , we have a u-turn on this amber watchlist watchlist. that s right. this will be really watchlist. that s right. this will be really important - watchlist. that s right. this will be really important for| will be really important for the travel industry. let s not forget that the travel industry has been one of the hardest hit across the pandemic, we have had restrictions on flights and travelling tourism for the best part of the year and a half, and we have seen the results of travelling tourism companies, we had british airways owner iag at the end of last week, and we saw they reported a $2 euro loss 2 billion euros loss, flying atjust 20% of