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Transcripts For BBCNEWS Asia 20240705

trade and political tensions with china. the move sparked a warning from beijing, which considers taiwan part of chinese territory. samira hussain has more. trade between the united states and taiwan amounts to about $75 billion a year. that number is dwarfed by china s trade with taiwan, which stands at a massive $120 billion a year. by signing this trade deal, the us is looking to build its presence in asia and rival china. taiwan for its part is looking to reduce its economic dependence on china, especially in light of the geopolitical tensions between it and beijing. unsurprisingly, china did not react well, saying the united states should stop any form of official exchanges with taiwan under the guise of trade. beijing has stepped up threats and rhetoric against taiwan in recent years, increasing military drills in the seas around the island, and working to cut off its official ties with countries around the world. discussions between washington and taipei began in ....

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Transcripts For BBCNEWS World 20240706

the annual rate at which prices have been going up. inflation peaked at more than 10% last year, forcing the bank to raise interest rates aggressively to try and bring it under control. but it has since fallen sharply. and on wednesday, official figures showed it was down to 3.9% in november, the lowest rate in 2 years, and far lower than expected. that s raised hopes the bank of england will be soon able to start cutting the cost of borrowing, easing pressure on businesses and households. here s our economics editor, faisal islam. arp and now sharply down. over the past year, inflation in britain seemed like a runaway train. but it s now coming into land faster than expected. here and beyond. it has been a hard year or two for her with hundreds closing and some say prices are now stabilising. inflation is definitely killing us. the rise has gone up 15%. and behind you? us. the rise has gone up 1596. and behind you? up-and-down, i remember and behind you? up-and-down ....

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Transcripts For BBCNEWS Asia 20240706

against taiwan in recent years, increasing military drills in the seas around the island, and working to cut off its official ties with countries around the world. discussions between washington and taipei began in august of last year. this current agreement covers issues like customs with regard to trade, anti corruption measures, and investment opportunities for small and medium sized enterprises. let s stay on the topic of tensions between the us and china asia s biggest annual security summit gets under way later in singapore. defence leaders from more than a0 countries will meet at the shangri la hotel. as tensions continue to grow between the two countries, their defence spending is following a similar trend. monica miller reports. the escalating tension between the two countries is turning out to be costly for the us and china. beijing has increased its military spending by more than 7% this year as they try to modernise their military. however, the americans h ....

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Transcripts For BBCNEWS Asia 20240706

taiwan in recent years, increased military drills in the seas around the island, and working to cut off its official ties with countries around the world. discussions between washington and taipei began in august of last year. this current agreement covers issues like customs with regard to trade, anti corruption measures, and investment opportunities for a small and medium sized enterprises. let s stay on the topic of tensions between the us and china asia s biggest annual security summit gets under way later in singapore. defence leaders from more than a0 countries will meet at the shangri la hotel. as tensions continue to grow between the two countries, their defence spending is following a similar trend. monica miller reports. the escalating tension between the two countries is turning out to be costly for the us and china. beijing has increased its military spending by more than 7% this year as they try to modernise their military. however, the americans have rou ....

China S , Samira Hussain , United States , 5 Billion , 20 Billion , 75 Billion , 120 Billion , Trade Deal , China Asia , Military Drills , Monica Miller Reports , Security Summit , Defence Spending , Shangri La , Military Spending , 00 Billion , 40 Billion , 840 Billion , 700 Billion , Trade War , Export Controls , Chip Making Tools , Ai Tech Race , South Korea , Growth Data , Central Bank ,

Think tank: Putin is not running out of money to fund war in Ukraine

Russia's economy will grow by 2.8% this year and expand at a slightly slower 2.5% next year, a Vienna-based think tank has forecast, defying predictions that Moscow's invasion of Ukraine would lead to economic ruin. Vasily Astrov, an economist with the Vienna Institute for International Economic Studies, said Russian President Vladimir Putin "will not run out of money for the war." "For the Russian economy, the question is rather what comes after the war, as it is currently completely dependent ....

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