Regional expert who explained the Economic Impact of those floods. ~ ,. , . ,. , floods. While youre flooding so far in the floods. While youre flooding so far in the month floods. While youre flooding so far in the month of floods. While youre flooding so far in the month ofjuly i floods. While youre flooding so far in the month ofjuly is| so far in the month ofjuly is estimated to have cost around 25 Billion Us Dollars then of course the season for these sorts of extreme weather events is not yet over. August and september historically have also often had Severe Weather events, such as typhoons and floods, as well as drought last year china was also hit with a very severe drought. So what we are seeing is increasing impact of Severe Weather events on china and this is, of course, linked to rising temperatures globally, Climate Change is very much linked to what we have seen at present in china and in recent years and there are a lot of concerns that as Global Temperatures rise furthe
Citing the threat of Foreign Military intervention. They claim to have information a foreign power is preparing to attack. It comes after the expiry of a sunday deadline from west African Regional bloc ecowas, which demanded the coup be reversed. The group now plans to hold an Emergency Summit on thursday. Bbc correspondent chris ewokor is following the story from the neighbouring nigeria. It is one day after the expiration of the alternation given to the coup leaders by ecowas to reinstate president mohamed bazoum. The leaders are due to meet later this week to agree on the demands by ecowas mac defence chiefs and other matters which will help them resolve this diplomatically. Believers want to make very clear that coup or military takeover of the government in the region will no longer be acceptable. Meanwhile, here in North Western nigeria the board remains closed against niger. Long lines of vehicles, lorries, carrying loads covered with tombola, have been stranded with their drive
Shares in Goldman Sachs fell 2 . The catalyst was moodys, downgrading the Credit Rating on several small and medium sized us banks, including mnt bank and pinnacle financial. The red flags raised by the Ratings Agency included a potential recession, as well as problems tied to the commercial real estate sector. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time, americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft, which reported results after the us market closed. Uber s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in ridesharing. Meanwhile, Electric Vehicle maker rivium posted a narrower lost than expeted and raised its Production Guidance for the full year. Meanwhile, Nin
To defend themselves, citing the threat of Foreign Military intervention. They claim to have information a foreign power is preparing to attack. It comes after the expiry of a sunday deadline from west African Regional bloc ecowas, which demanded the coup be reversed. The group now plans to hold an Emergency Summit on thursday. Meanwhile, the United States is suspending more than 100 million in aid to niger. But officials insist theres still time to solve the crisis. I spoke to former state Department Official Bisa Williams earlier to get insights into the situation. We are now learning more about the Acting Deputy Secretary of states unsuccessful attempts to negotiate some kind of settlement to see a return to power of president Mohamed Bazoum. Why do you think she wasnt able to make any progress there . Im not sure i would characterise that as unsuccessful completely. My understanding was that the Acting Deputy Secretary left the door open for continued discussions and that basically
You expecting . I think there will be a rate rise and everyone you expecting . I think there will be a rate rise and everyone is a rate rise and everyone is expecting 0. 25 from the bank today. The challenge it has is that its looking at what inflation has already done and we know Interest Rate rises take quite a while to filter through. Rate rises take quite a while to filterthrough. Is rate rises take quite a while to filter through. Is any danger here that rates go too high and therefore strangle the economic recovery . There is always a risk when putting Interest Rates up, its a really hard job to do. To know that when youre putting your foot on the accelerator that is going to do the right thing because there are lots of lags in how long it takes. In general, you get the sense of the Bank Of England and the message, they are more concerned about doing nothing, they feel that they can dial back on that a little bit more than letting inflation continue to persist. Obviously, the ris