in america. his promise to create a national health system helped him come close to winning the democratic nomination for president in 2016. so his decision to investigate the working conditions at one of america s biggest employers sure to capture headlines and set up a robust argument about worker protections. now, for its part, amazon has been criticised for the conditions its warehouse workers face in facilities all over the world. it is already being examined for its safety record by multiple us government agencies. amazon is also notorious for resisting all efforts to unionise its workforce. now, in response to mr sanders s letter, amazon strongly disagrees. it says it has been able to reduce injuries across the us operation and has invested more than $1 billion into safety initiatives over the last four years. meanwhile, indian prime minister narendra modi has arrived in the united states for a state visit. he had earlier chatted with tesla s boss elon musk in new york
and she explained how she viewed relations between the two countries well, trade relations, like other parts of the us relationship with china are tense. while a lot of trade still continues to flow up between the two countries, export restrictions remain in place, and china is increasingly imposing regulations, making it very tough for us companies to operate in their country. it s interesting, because economic ties still happen, discussions of geopolitical issues on the defence front just shut down. now we have bill gates, elon musk visiting china. should we feel a bit more positive about the economic side of their relationship? well, clearly beijing seems more interested in reviving or strengthening the economic part of the relationship versus the military part, and one of the things i will be looking at over the next day now is whether there is a pathway for the secretaries on the economic team for president biden to visit beijing in the coming weeks are coming months. so
during his press conference. with us inflation running still well above the bank s 2% target, it sjob is not yet done. i think, as anyone can see, not a single person on the committee wrote down a rate cut this year, nor do i think it is at all likely to be appropriate if you think about it. inflation has not really moved down. it has not so far reacted much to our existing rate hikes, and so we re going to have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday s decision ushers in a new phase in the fed s battle to lower prices follows a path carved out by central banks in countries such as australia and canada, which recently announced rate hikes following a break. michelle fleury there in washington, dc. the latest decision by america s central bank comes at a time when inflation is slowing but not as quickly as the federal reserve wants it to be. earlier, i spoke to blerina uruci of t.rowe pric
were bitter rivals, each engaged in lawsuits against one another. now, the mega deal essentially created a whole new golf association led by the saudis. created a whole new golf samira hussein there. created a whole new golf meanwhile, a usjudge has granted a request from prosecutors to try some of their charges against cryptocurrency exchange ftx s founder sam bankman fried in a second trial next year. the 31 year old will still stand trial this october over charges stemming from the collapse of the now bankru pt firm. mr bankman fried has pleaded not guilty to fraud and money laundering charges. china s economy stumbled last month after the latest data showed industrial output and retail sales both missed forecasts. the economic rebound it saw after dropping covid restrictions late last year seemed to have slowed in the second quarter. earlier this week china s central bank slashed key interest rates in a bid to boost the country s post pandemic recovery. i spoke with s