Donald trump says he has told his team to co operate with the transition to a joe biden presidency, after the agency which oversees the process ruled that it could formally begin. The General Services administration will now release funds to mr biden, and his officials will receive security briefings. This is how mr trumps acceptance came, in a tweet that says its in the best interests of the United States for his team to co operate with protocols. Joe biden has unsurprisingly welcomed the decision, saying todays decision is a needed step to begin tackling the challenges facing our nation, including getting the pandemic under control and our economy back on track. In the days ahead, Transition Officials will begin meeting with federal officials to discuss the pandemic response, have a full account of our National Security interests and gain a complete understanding of the Trump Administrations efforts to hollow out Government Agencies. Ive been speaking to our North America corresponde
in the uk are at an all time high as country. its lowest ever now we have the round up of the business news and one of those headline stories you are concentrating on. welcome to the programme. yes, on course for stronger than expected recovery. that is the assessment from the international monetary fund on the state of the global economy in its latest world economic outlook update. the imf predicts that global growth of 3.1% this year and slightly higher growth in 2025. it also says that inflation is declining faster than expected because many supply chain problems caused by the pandemic have now been resolved. the imf has, however, issued a warning to the uk government not to cut taxes any further and suggested that treasury percent planned spending cuts for this year were unrealistic. earlier i spoke to the imf s chief economist and i asked him what his concerns were over the uk cutting those taxes. ~ , ., taxes. well, first, for the uk, we are seeing taxes. well, first,
the u.s. inching closer to running out of money to pay its debts. a deadline is as close as 12 days away, but the high-stakes negotiations between the white house and republicans have collapsed and it is not clear when face to face talks will resume. meanwhile, president biden will cut short his asia trip to address the debt crisis. before heading home tomorrow from the g-7 summit in japan, biden will meet with ukraine s president. president zelenskyy is making a dramatic appearance at the gathering to ask world leaders for help in the war against russia. russia claims a major victory in ukraine. today the head of the mercenary wagner group says his fighters have captured bakhmut after months of brutal fighting, but ukraine says it still holds a small portion of the city. cnn s phil mattingly is at the summit in japan. let s begin with the debt crisis. a u.s. default would of course hurt economies around the world. so what is the level of concern there and where do things sta
hello. i am tadhg enright with your top business stories. politics is leading business news today. as you ve been hearing, leaders of seven of the world s top economies are meeting in hiroshima, japan. but it s two that aren t attending that will be occupying most of their time. as well as new sanctions on russia, they will be focusing on china, and how to counter its increasing economic power. the bbc s nick marsh is in hiroshima for us. a huge focus on the sanctions against russia. but as we ve been talking about that already, i want to pick up another theme of these leaders using the economic pressure on china. what more can you tell us about the? china. what more can you tell us about the? you “ust call the elehant us about the? you “ust call the elephant not us about the? you “ust call the elephant not in us about the? you just call the elephant not in the us about the? you just call the elephant not in the room. - us about the? you just call the elephant no