we start with the latest market action and as the trading day began in asia the pound started to slide down nearly 5% at one point against the us dollar that s on top of the 3.6% dive on friday. investors are running for the exits as fears mount the new government s shock and awe tax plans for the uk economy are too big a gamble. on friday the chancellor, kwasi kwarteng, announced historic tax cuts, and the biggest increase in borrowing since 1972 to pay for them. there is now calls for the bank of england to take emergency action to calm rattled markets and bolster sterling. so let s look at how the pound is trading now. it has been hovering around just over $1.05 but one hour ago we were looking at the pound buying $1.03 so it has recovered a tiny bit but not much and you can see that the markets in asia are fairly mixed and we have the price of oil edging lower as well. joining me now is simon french, chief economist at panmure gordon. is at panmure gordon. this what
Italy s Giorgia Meloni emerges as kingmaker in EU parliament elections yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
A conference was organised by the Italian Senate last week in the backdrop of the report. The conference focused on two major issues, Chinas attempts at infiltrating Italian research and academia as well as Chinas focus on Italian infrastructure, especially ports and other decentralized but key infrastructure assets.
Giorgia Meloni suffered her first significant political blow since being elected Italy’s prime minister 18 months ago after her party lost a regional election in Sardinia.