grappling with losses in debt since 2019. it was backed by soft bank ofjapan and has reshaped the office sector globally but it has now sought us bankruptcy protection on monday after its bets on companies using more of its coworking space sound. that is just coming out. we should have the latest news on our website and we will bring you more as we get it. that breaking news justin, wework has filed for bankruptcy protection in the united states due to heavy losses that it has been suffering since 2019. let s move on to beijing, where australia s prime minister has met chinese prime minister xi jinping. the leaders have expressed a desire to work together and move on from recent tensions. their relationship soured during the pandemic, after australia s previous government called for an independent intervention into the origins of covid 19. beijing slapped bans on products such as wheat, corn and barley. the tariffs which were only lifted this year. this is the chinese leader.
inflation and all the other problem is that this country has, i think it is a disgrace. the $250 million lawsuit was brought against mr trump and his family by the new york attorney general s office. the judge already ruled that mr trump is liable forfraud, the trial is now exploring what he ll have to pay in damages. after court, new york attorney general letitia james defended her case, and said mr trump engaged in distractions while on the stand. he rambled. he held insults. but we expected that. hurled. at the end of the day the documentary evidence demonstrated that he falsely inflated his assets to basically enrich himself and his family. he persistently engaged in fraud. this civil case isn t the only thing facing mr trump. he has multiple trials getting underway as the 2024 election gears up. but new polling suggests the trials are not necessarily hurting mr trump s chances at reclaiming the white house. the latest cbs news and yougov poll shows that among likely v
see, raising interest rates is the fed s best tool to combat persistently high inflation, which consumers have seen reflected in higher prices for nearly everything. and while inflation has fallen by half from itsjune 2022 high of 7%, it s still higher than the fed s target of 2%. earlier this year, federal reserve policymakers hinted that they may hike interest rates once more before the year is out. they ll have a chance this week, or at their last meeting in december, or they could not do it at all. investors and economists are predicting that policymakers will skip a rate hike this week and, instead, hold rates steady, giving everything more time to work its way through the economy. we ll know the fed s next step on wednesday. one of the many things that have become more expensive for consumers is energy. oil prices have swung wildly over the last few years, due to the pandemic and the war in eastern europe. at one point, after russia invaded ukraine, prices rose to about