a family run fragrance firm has won a king s award for enterprise after growing exports 500%. we ll speak to the boss. could an easing of tensions between the world s economic superpowers be on the way? in a major speech in washington on thursday, us treasury secretary janet yellen has called for a constructive and fair relationship with china, saying a decoupling of their economies would be disastrous for both sides. secretary yellen also said she plans to visit china for talks. us china relations are in their worst state in decades with the biden administraton enforcing a strict export ban on advanced technology to china, which accuses washington of trying to stifle its modernisation. from new york, our correspondent samira hussain reports. it has been five years since the united states imposed tariffs on billions of dollars of goods coming in from china. they not only have trade relations but diplomatic relations but diplomatic relations between the two countries have
Isjust not falling £300 billion in one single year. It is just not falling quite as fast as everyone had hoped, really. A lot of thatis everyone had hoped, really. A lot of that is due to the governments high interest Debt Payments which is not going to go away. I think in general this kind of dampens a bit of the chatter we have heard over the weekend about the chancellor hoping to cut taxes again in a fiscal event before the next election. That to cut taxes again in a fiscal event before the next election. Before the next election. That is the challenge before the next election. That is the challenge because before the next election. That is the challenge because the the challenge because the government, there was a they are raising taxes to fix Public Services or give the electorate some kind of gift before an election and that is when politics strays into economics and its not necessarily about what is better for the economy but what might win them some votes. Thats ri. Ht and mig
The courage to be crunch time for the euro brussels expects me to present a revised budget plan for twenty nine. More days to make good on Election Campaign promises experts when the euro is at stake. Coming up to china fishing countries meeting croatia looking for a way to avert the extinction of a much loved global delicacy. And chinas even racing to position itself will need a local wine market now and its being backed by legendary luxury. This is your Business Update on how the whole frame but then glad you could join me the countdown is on for the government in rome has until later on tuesday to come up with a budget for Twenty Nineteen which brussels agrees with European Commission is
already kicked out the current one saying it flouts a commitment to reduce the countrys debt and that debt is sizeable the second highest in the euro zone as a proportion of g. D. P. Now brussels says if rome does not come up with the goods later it will start disciplinary steps against rome later t
British Supermarket: The increase was slightly stronger than the 5.3% rise reported a month earlier, market researcher NIQ said. Mike Watkins, NIQ s UK head of retailer and business insight, said a fall in food prices in March and competition amongst the supermarkets boosted sales.