among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it s been able to cool inflation without tipping the economy into a recession. that s called a soft landing and it s buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22 year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it s a different story for the chinese stock markets, which have been struggling in the new year. chinese premier li qiang pledged to take forceful and effective action to support market confidence. shares in mainland china and in hong kong have been hovering at their lowest points in as many years. this comes despite somewhat upbeat signals at the end of last year. for more on what we can expect from china,
missiles. this is the latest attack in the region which is one of the world s most important trade routes. the head of the un s international maritime organisation says these attacks are one of the biggest challenges the body has ever faced. biggest challenges the body has everfaced. my biggest challenges the body has ever faced. my colleague spoke to the head of the organisation and asked what can be done to stop the attacks. it s one of the biggest challenges the imo has faced, in particularly in recent years. and the reality is that as you mentioned, shipping is a global sector. we transport over 80% of global trade, so any actions that are happening out there, that interrupt the trade, the global trade, will have a negative effect on you, on me, and everyone on the planet. we need to work very closely with all the stakeholders, with all the member states, the other agencies, the united nations in particular, in order to find practical solutions to a problem we don t want
in the red sea. he will also know that yemen is one of the poorest countries of the world, suffered a massive humanitarian crisis with over 21 million people in need of support. can i ask the prime minister what will he do to ensure that they are not engulfed all over again particularly the civilians of yemen in hamas humanitarian catastrophe? yemen in hamas humanitarian catastmphe? catastrophe? can i thank my honourable catastrophe? can i thank my honourable friend catastrophe? can i thank my honourable friend are - catastrophe? can i thank my i honourable friend are amazing catastrophe? can i thank my - honourable friend are amazing and incredibly important point and reassure her and the house, and she will know this from my own that we are steadfast in our support of the yemeni people as one of the largest donors of life saving aid to the un appeal and we ve also committed £88 million in this forthcoming year, over the last several years we ve committed £1 billion a
because the boss of us chip giant intel has warned of a turbulent world this year. pat gelsinger has been speaking to our economics editor faisal islam at the world economic forum in davos. he said the current disruption to red sea shipping is another reason they were right to invest billions building factories in the us and europe rather than relying on asia. it s going to be a turbulent world, right? and obviously ukraine is still active, the israel situation, maybe broader implications in the middle east, obviously us china tensions. you know, it s a turbulent world in that regard. i think most view the economy probably a little bit slower to start with, some acceleration as we go through the year. and our strategy is very much around building resilient supply chains so that we re better prepared to handle some of the turbulence that we think is at least currently consistently seen year after year. just when we think things are calming down, it s not entirely calm ye