You can find background to all our main stories on the bbc news website. Now live to singapore for Asia Business report. Central bankers and jackson hole by the world is watching a gathering at this Wyoming Mountain resort. And japans elderly pets. Our change in the law has led to a boom in animal ca re the law has led to a boom in animal Care Industry in the country. Hello, and welcome. We start with the Global Economy because the chairman of the Us Federal Reserve might signal later how American Central Bank will respond to recession fears. Jerome powell is due to speak at a gathering of Central Bank Chiefs from around the world in wyoming. The meeting is getting extra attention this year because of the current economic picture in the us and around the world. Right now, it is of the American Consumer supporting the us economy. The spending accounts for two thirds of all Economic Activity yet with the trade war with china raging, the fear is it may falter. Yet with the trade war with
We have a lot more on our website and you can also download the bbc news app. But now lets head to singapore and join rico his own for the Asia Business report. To the right, 328, to the left, 321. Ano to the right, 328, to the left, 321. A no deal exit opponents defeat the government and the pound gains on the news. Ahead of the stock market debut of wework we speak to their indian boss. Good morning, asia hello, world. Is wednesday, thank you forjoining us for another exciting addition of Asia Business report. Lets begin with brexit because borisjohnson has suffered a major defeat in parliament with tory rebels and Opposition Mps defeating the government, the first stage of their attempt to pass a law designed to prevent a no deal brexit. After falling to a three year low, the pound posted a brief rise against the dollar on the news. Our Political Correspondent told us what happens next. Tomorrow there will be a debate and a vote in the house of commons on a law that the Opposition M
Giving mps more clout to prevent a no deal exit from the eu, that bill will be voted on later today. Thats led the pm to push for a snap election all this uncertainty hitting Global Investors and currency traders. Let me talk you through some of the impact it has had. Yesterday, the pound fell to below 1. 20 against the dollar, its lowest level in three years. As you can see here, the pound was trading at about 1. 50 before the Eu Referendum in june 2016. Sterling has lost nearly 20 of its value since britain voted to leave the referendum. Data from the office for National Statistics show the uk economy shrank by 0. 2 between april and june for the First Time Since 2012. And uncertainty over how britain will trade with europe is affecting uk business, as many adopt a wait and see approach. The society of Motor Manufacturers and traders says investment in the car industry is down by almost 75 to just 108m in the First Six Months of the year. Uncertainties surrounding britains chaotic ex
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Great britain began to conquer and colonize australia. From the very beginning of the british penetration to the continent, natives were subjected to severe violence and deliberate, extra patient. According to modern historians, in the 1st 140 years, there were at least 270 massacres of local b. Both any resistance to the british was answered with double cruelty. Hundreds of natives were killed for the murder of one settler. Indigenous australians were not considered complete people. No wild beast of the forest was ever hunted down with such unsparing perseverance as they are. Men, women, and children are shot when ever they can be met with squatter. Henry myrick wrote in a letter to his family in england, in 1846. 00 plus squarely as fast as these rightly described as blood. So and racist eve at the beginning of colonization, there were one and a half 1000000 Indigenous People living on the continent. Then, by the beginning of the 20th century, their number had degrees still 100000 pe