Of the Global Economy given so many countries do so much trade with china. Chinese Government Data shows that the value of exports fell 14. 5 compared to the same month a year ago. That suggests the rest of the world is buying less stuff. The value of imports also fell by more than expected, down 12. 4 onjuly a year ago. But that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government, who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period, as the country continued its post covid recovery. And last month, chinas struggles were cited as a key concern for the Global Economy when the International Monetary fund updated its Global Growth forecast for this year to 3 . David woo is a former imf economist and wall street strategist and has been telling me what he makes of the numbers. You know, like some people are going to say, well, this is just basically a reflection of the curren
Counsel jack smith. The 45page indictment accuses the former e president of three counts of conspiracy and one count of obstruction for his alleged efforts to overturn the results of the 2020 election. Culminating in the january 6th attacks on the u. S. Capitol. Heres the Special Counsel tuesday after the charges were handed up. The attack on our nations capitol on january 6th, 20211, was an unprecedented assault on the seat of american democracy. As described in the indictment, it was fueled by lies. If lies by the defendant targeted at obstructing a Bedrock Function of the u. S. Government, the nations process of clerking, counting and certifying collecting, counting and certifying the results of the president ial election. Paul lets bring in Wall Street Journal columnists dan Dan Henninger kim strassel and Editorial Board member kyle peterson. Dan, its interesting, he cited the riots at capitol, but thats not really in the indictment, per se, nothing that links to the rioters in par
But as the ukraine war drags on, western countries, especially the us, are starting to think that it might be better to lessen their dependence on china as well, which has made everything for us, from beach balls to Nuclear Power stations. Almost unnoticed by the outside world, President Biden has been pushing ahead with wide ranging plans to replace chinese goods with American Made ones. The bbc s economics editor, faisal islam, has been investigating the extent of this new America First policy. I was astounded by the scale and the speed of the transformation in terms of the deployment of public, government, Taxpayer Subsidy into Strategic Industries, particularly green industries. Theres so much money going in that its transforming the economic fabric of a whole belt of america. We used to talk about the rust belt. They are now talking about a battery belt. It sounds rather sort of roosevelt years, doesnt it . Yes, and theres some conscious echoes of that. Indeed, where i was in kent
jonathan charles is back with us geopolitical insight advisor, specialising in russia and the countries around it and a former bbc correspondent in moscow and ukraine markets in moscow and ukraine quick to react and no surprise markets quick to react and no surprise that the rouble has sunk. it surprise that the rouble has sunk. . , , ., ., sunk. it hasn t been doing that well for several sunk. it hasn t been doing that well for several weeks - sunk. it hasn t been doing that well for several weeks and - well for several weeks and months and it was inevitable with uncertainty and that is what we have with russia now, it has exacerbated a trend and we have seen that fall in the rouble. untilwe we have seen that fall in the rouble. until we know what is going to happen, can vladimir putin reassert that sense of strongman rule which at least is certainty, it may not be very nice, but at least it is certainty, then there will be questions about the economy, about the roub
can we believe anything we re told about the war in ukraine? i was in this fog of war where you basically can t trust anyone or anything that you see, it s so important to bring people the truth, whatever that truth is. and are the weird creatures who we re only now discovering in the depths of the oceans threatened with destruction by deep sea mining? the scientists would say, - until we actually know what s there and we study the ecosystem better then we just cannot - understand the risks. it took russia s invasion of ukraine for germany and other european countries to realise it might not be an altogether good idea to be quite so dependent on russian oil and gas. but as the ukraine war drags on, western countries, especially the us, are starting to think that it might be better to lessen their dependence on china as well, which has made everything for us, from beach balls to nuclear power stations. almost unnoticed by the outside world, president biden has been pushing ahe