Attacks by hamas gunmen took place. More than 300 young people attending the festival were killed others were taken hostage. It has been called israels 9 11 by some, and like the attack on the world trade center, its had massive repercussions around the world in both politics and economics. Michelle fleury has more on the global impact one year on. The middle East Conflict could add to the risks already facing the global economy. The escalation comes at a time of uncertainty around the upcoming us election and as china tries to stabilise its struggling economy. Economists warn the war could push up inflation if Trade Routes are disrupted, causing the cost of Oil And Shipping to rise. A big concern is whether any escalation could block the strait of hormuz, a major shipping channel. A third of Oil Tanker Traffic and one fifth of lng frozen gas passes through there. The Oil Markets are already reacting. The price of Brent Crude jumped 5 last thursday after President Biden said the us was
Bonanza for Chatg Pt Maker openai it takes in new funding, making it one of the most valuable Start Ups in The World. Will he or wont he show up that is Elon Musk is due to testify to the us Markets Watchdog over his Twitter Buyout after a no show last month. Welcome to business today, im ben thompson. We start in the Middle East where, as weve been reporting, President Biden has said the us does not support an attack by israel on irans nuclear sites in response to tehran s missile strikes on israel on tuesday. The us president said the israelis had a right to respond to the attack, but they needed to do so proportionately. In the latest fighting, israel has bombed a building in central beirut. Oil prices have risen since wednesday over supply fears, with markets regaining ground as investors seemingly come to terms with the escalation. Lets have a quick look at the price of oil. This is the one to keep an eye on, Brent Crude up another 2 today taking it above 75 per barrel. For more o
We will now fund the cost of their training in full. This will cut costs for businesses and Training Providers and support thousands more young people to start an apprentice. Make uks Chief Operating Officer is ben fletcher. A little earlier he told me why his members were still quite optimistic, despite a difficult outlook,. A lot of this comes from the fact that manufacturers are an extremely hardy bunch. They are, by definition, problem solvers. They are about how you take a problem and fix it and get through it. Our members have always been resilient and optimistic and positive, and they have a great deal of faith in they have a great deal of faith in the work they do in the sector. I think the challenges, for a variety of reasons, loss of our markets and the integrated supply chain is that we are part of a cross europe, they are depressed because economy in all of our Major Trading partners are not strong at the moment. There are some significant and ongoing issues with Energy Pri
Us Investment Firm Elliott Advisors has walked away from making a takeover bid for currys after being rejected by the retailers board in its own words multiple times. It had initially proposed an offer that valued the electricals chain at £700 million, and later raised it to 757 million. But currys rebuffed the approaches, saying they significantly undervalued the business. Currys could still receive a bid from chinasjd. Com, which said last month it was mulling an offerfor the firm. Lets speak now to russ mould, investment director at aj bell. What is going on, one firm has walked away but there is another weighting in the wings . Walked away but there is another weighting in the wings . There is but it it will focus weighting in the wings . There is but it it will focus on weighting in the wings . There is but it it will focus on what weighting in the wings . There is but it it will focus on what the weighting in the wings . There is but it it will focus on what the two it it will f
Bidens from russia, kazakhstan, romania, ukraine and china. Most countries really love us, dont they . They made a fortune. Beyond 20 million they were able to trace their Chairman Comer will join us to talk about it. Just the news. Com john solomon will break it all down. Let me sum this up for you and this is serious. This is massive sums of money. Hunter biden at the height of his Crack Addiction and Prostitute Addiction was raking in millions and millions of dollars from corrupt foreign nationals. These are, in many cases, corrupt Foreign Countries and our number one and number two geopolitical foe russia and china. Or the opposite, china and russia. And facilitating meetings and phone calls and other favors between these corrupt foreign nationals. Then Vice President of the United States of america joe biden. In other words that was hunters job. Connect them to joe, the big guy. He has given half his income to pops. Hunter at the time was an admitted crack addict. Now it begs the