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profits but the money is rolling in as it benefits from high interest rates. and qatar looks to cash in on the world cup to boost its economy we have a special report from doha. financial markets reacted calmly as it emerged that rishi sunak is set to be the uk s next prime minister. the pound is broadly unchanged against the dollar and government borrowing costs stayed lower after commons leader penny mordaunt dropped out of the leadership race. but the new prime minister inherits a daunting in tray with the cost of living crisis soaring energy prices and rising inflation. not to mention the war in ukraine and brokering a good relationship with europe. our business correspondent theo leggett has more. the news that rishi sunak is the new leader of the conserve the new leader of the conserve the party and will therefore become the next prime minister of the uk is something international investors seem to have taken in their stride. there has certainly been no return ....
but a huge breakthrough on the president s agenda with news that democrat senatorjoe manchin will finally support a bill that injects billion into key climate policy. and in ukraine the counter offensive is on with progress to report around the city of kherson but will the supply of weapons from the west come quickly enough to sustain the momentum? tonight with the context, the republican strategist rina shah and chief political commentator for the i paul waugh. hello, welcome to the programme. it has been a while. four months in fact, sincejoe biden and xi xinping spoke, on the phone. today the two leaders talked for two hours 17 minutes. a long time. but let s be honest, there s plenty to talk about. the war in ukraine, china s behaviour in the south china sea, trade embargoes, nuclear proliferation, taiwan. and specifically the planned visit of the house speaker nancy pelosi, who is heading there next month. that has infuriated beijing. ms pelosi would be the h ....
You know, there have been so many really momentousj moments in the historyl of major league soccer, but there s none that rivals this. to finally close the deal with the best player, i in our opinion, that s ever played the game isjust spectacular. i messi said he wanted to leave europe to get out of the spotlight no chance of that here. the elephant in the room, though, is that out of 29 mls teams, inter miami is one of the worst, with only five wins to their name this season. so just what persuaded the goat to come here? well, there s the coastline, the culture. ..and, of course, the contract. the deal that s lured the world cup winner to miami is one of a kind. the millions in wages offered by the club could never have been enough to beat the petrodollars of saudi arabia. even a merchandise deal and equity into miami might not have done it. so that s where apple came in. major league soccer s broadcast partner knew that messi could bring eyeballs to their product, ....
Many countries are seeking alternatives to or ditching the greenback, is the hegemony of the US dollar, should we be asking when, not if, de-dollarization will happen on a mass scale? ....