The International Energy agency has revealed that lng now makes up 35 of europes energy supplies, not far off the 40 contribution that russia made before it was sanctioned over ukraine. Joining me now is ben mcwilliams, whos an Affiliate Fellow at bruegel. Thank you very much for being with us today. What are your concerns about where gas prices could go if these workers do indeed strike . This is certainly a concern, but to be clear up front, nothing comparable to last year. The position we are in is that, as you mentioned, as russian Pipeline Supplies have been cut over the last 12 months, the eu and uk have become more dependent on liquefied national gas. Natural gas. Australia typically supplies asia. If it were cut to asian consumers, we would see asian consumers turning around and looking to qatar and competing with european buyers there, which would in turn have some Knock On Effect on prices. As it had last week, 40 increase from around 30 to 36 euros just nothing like close to
Provide hints of whether the Bank Of Japan provide hints of whether the bank ofjapan will continue to remain an outlier and keep Interest Rates ultra low. Earlier, spoke to fidelity international s Catherine Yeung, who told me china is facing a confidence problem. Just this lack of confidence both within the Consumption Sector as well as the corporate sector. So if fact last friday we had julys M2 Money Supply and aggregate Financial Data released and it was marginally weaker than expected. So tomorrow, in fact, we have this element of operations all the expectations are for no cuts in the benchmark, generally speaking, we could see a slight increase in probability of a ten basis point rate cut. So again policy isnt going to outright change, it is going to be this continuing tweaking to be this continuing tweaking to be accommodated. Be this continuing tweaking to be accommodated. Tomorrow we will aet be accommodated. Tomorrow we will get some be accommodated. Tomorrow we will get some
new evidence of a crisis in childcare rising fees and fewer places are forcing parents to give up work. i ve been meeting some of those affected. maybe not, if you re a spurs fan, as antonio conte s side exit the champions league after a goalless draw with ac milan. the stars behind the camera we meet the british cinematographers up for oscars at this sunday s awards. several major ukrainian cities have been hit by russian missiles overnight, causing damage to residential buildings and infrastructure. air raid warnings sounded before dawn in 13 regions including in the capital kyiv, the second city, kharkiv, and the southern port of odesa. our correspondentjames landale is in a bunker in kyiv this morning. i know you are in a bunker at this morning because of these rates. tell us the extent of this latest sequence? correct my grades. well, throu~hout sequence? correct my grades. well, throughout this sequence? correct my grades. well, throughout this war sequence? c
hours to discuss a response if ukraine comes under attack, it also states that washington will support kyiv in the military support through training and cyber security efforts, additionally, the us will help the crane receive compensation for damage caused by russia. here is what president biden and president zelensky said. we have signed the strongest agreement with ukraine and the us since our independence. and this is an agreement on security and thus on the protection of human life. fiur protection of human life. our coal is protection of human life. our goal is to protection of human life. our goal is to change protection of human life. our goal is to change ukraine s crumble goal is to change ukraine s crumble defends for the long term. our lasting peace for ukraine must be underwritten by ukraine on ability underwritten by ukraine on ability to defend itself now and to ability to defend itself now and to deter future aggression anytime and to deter future a