international monetary fund, the world bank are gathered in bali right now for their key summit. we ll be talking to the author of the imf‘s letters report in a moment. latest. in indonesia, the government has called on people who survived the sulawesi earthquake to return to work. more than 1,900 deaths have been confirmed on the island, and around 5,000 people are still unaccounted for, with many parts of the city of palu reduced to rubble. but more than a week after the disaster, there are signs of commerce once again. hywel griffith reports. slowly the rhythm of life is returning to palu. its people are trying to find their way forward. the earthquake and tsunami tore through the city, destroying buildings and ending lives. but in its wake, the survivors need to make a living. at this man s garage, it has been busy. plenty of people need their bikes repaired. translation: many went back to their villages, and so only one or two mechanics were operating in the city. w
warnings from the i mess of the global economy. risk sliding into recession next year, blaming factors, including the warn ukraine inflation and china, 0 cove and policy. ah, hello, i money inside this is out there and live from joe was so coming up it says it s reevaluating its relationship with saudi arabia off to the opec plus decision to sharpie cocked oil output energy ministers, me to find ways of dealing with soaring gas prices, and reach agreement despite shop divisions and the residence of a small village in indonesia believe they just might have the secret to a long life. ah, alone welcome. the international monetary funds says, well, things have been bad for the global economy. the worst is yet to come. the i m f has caught its global growth full cost for 2023, saying that for many next year would feel like a recession emitter war in ukraine, and the cost of living crisis. alan fisher reports from i m f headquarters in washington dc. it s a dark time for the global
Australian stocks fell to a three-month low while gold and oil surged after Israel reportedly launched a retaliatory strike on Iran, fuelling fears of a widening Middle East war.
(Bloomberg) As the dollar’s strength roils developing markets, the good news is that many are now well prepared with piles of reserves for just such a scenario. Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsMore than a dozen emerging-market currencies have tum