the i m f has grated. it's forecast the global economy. so what's behind the increased optimism and 3 years later, brits of weight that breaks it. benefits here about the ongoing impact of businesses, of leaving the u. d. w. business sign robots in burden. welcome to the program. another oil company posts major profits, exxon mobiles latest results show it smashed. it's previous net earnings record last year and make no rural profit of $55700000000.00 during 2022. having made just shy of 13000000000 in the 4th quarter. yes. all prices, serge, as economies began to recover from the pandemic and war and ukraine, raised uncertainty over energy supplies is 2022 profits over $10000000000.00 more than its previous record posted at the height of the global financial crisis in 2008. well, let's get more on this from our financial correspondent in new york, yann's quarter on wall street, or is jones eggs on put this down as in clever strategy, but how much of this is actually down to factors that obviously we're not within its control? well, what a

m f. but the payment of i m f has been stored because i am at once barcus and to dick doth measures such as increasing the ducks to g d p. there. sure good. do you think the subsidies on power sector, but the government is hesitant in taking this decisions because it, it doesn't. it expects that if it did this, if it implemented these measures, then the prices of commodities bill for that increase and it would lose a public support before an upcoming election. but without getting a go ahead from i m f. it's also not getting money from other other multilateral organizations, such as world bank and also friendly countries that have by hip backers and in the past that is china, saudis, b a u e. because of what happened in sri lanka, everybody is hesitant in giving money to pakistan. so puck and that makes the situation much worse. it's like a domino effect. one thing after another, and of course on top of that is the layer of political instability. talk about to what extent the politics explain what's happening and also how that's preventing the government from being able to resolve these issu

has been out is only a stop gap. the average pakistani is poor. and so the reforms that the i m f a suggest is suggesting is only for an injection for money, which will not actually feed the poor, which is the vast majority of boxed on ease. and the question that you have asked of me and all the natural disasters that we have only might apply the existing are problematic in pakistan where the average person is unable to earn unable to pay taxes. unable to be self sustainable. in the best of times, let alone when there's an international crisis, etc. the question to be asked is in an agricultural, based on quantity in agricultural based economy? why are we importing essential goods? why have a, why have the international community and the government of pakistan which it follows its lead because it borrows. so my, why are the structural reforms that we are constantly being ost don't focus on fundamental reforms? not only the energy sector or tax sectors like the loan for who all new offer who or what do you blame for the crisis? i believe the, the, the class that is the prominent ah

b, payments has been negotiating a 2900000000 dollar bailouts from the i m f. now both parties reach an agreement in september last year, but the i m f has not yet approved the loan. as it refuses to give cash until the reduction of the billions in debt shlang owes to india and china. well, that's a wrap for now. i'm pizza scott's. i'll be back again at the top of the hour with all the latest news views and analysis rides here. manase hope. see it. i look forward to talking to you all that technology should work for people. a robot must obey the orders given by human beings, except where such orders with conflict with the 1st law show your identification. we should be very careful about our personal intelligence at the point, obviously is to rates trust or rather than fear a take on various jobs with artificial intelligence, real summoning with a robot must protect its own existence with oh, when i was sure seemed wrong when i just don't move to shape out. this thing becomes the advocate and engagement equals the trail. when so many find themselves worlds of hor

mike, hannah has the view of the i m. f outlook from washington dc. the current economy has largely been shaped by the countries reserve bank over the past year. it's kicked interest rates from 0 to 4 percent. it's intention for consumers to spend less and save more. and as such, could ramp than inflation. it's succeeded, but at the price growth last year was 2 point one percent. that's less than half of what it was the year before. on a positive tide, unemployment is that new recall blows, but generally the economy continues to weaken. katrina you is in beijing and takes a look at china's role in the shares global growth i miss. so china will be a major driver of global growth this year due to pent up demand after 3 years of strict cars with 19 locked downs. we've already seen a bounce in the chinese economy during the loo, 2 year period. there was an increase in consumption by 12.2 percent compared to the same period last year. but economists say we're not likely to see the same surgeon inflation that we have seen in other major economies. one reason

the i m f has cut off funding in a stand off with the government over reforms that money in the country needs to keep going and i left team will visit next week for what are expected to be tough talks. now all this comes as the country is reeling from its most devastating floods in living memory. it faces deep political divisions to, along with high inflation during an uncertain global economic climate. or be looking at what's behind the crisis with our guest. but before that, our correspondent come, al hider has this report from his lamb about on our people, there are feeling it's another day, i guess, lama vod friday bazaar. as people go around shopping border 10 shell good. by the bad news on the economic front. the bug is done a repeat the number against the us dollar by almost 10 percent. and that to, from a government bridge was promising to bring change of august on, according to the financial time. the country is on the brink of collapse and economic trade rates could be comparable to what happens to that along which ran out of foreign exchange market on foreign exchange and all

share lanka, which has defaulted on his debt repayment, has been negotiating a $2900000000.00 bailouts from the international monetary from the i m. f. both parties reached an agreement in september last year, but the i m f has not yet approved the loan, as it refuses to give cash. and so the reduction of the billions in debt the shank goes to india and china, less cost live now to dot fremont. fernando academic specialist in international relations and advisor on new regional diplomacy dots from our thanks for joining us this morning here on our see. now 1st of all, i just want to get your thoughts on what you make of chinese visits to show lanka and india's upcoming ship. do you think that those folks will be me a result in a debt reduction? yes, thank you very much for inviting me. china delegation decision, it's really important part of the idea mr. and to was off the 9.2.9000000000 dollars on a 48 month loan i disbursement because the i in the improve last 2 major bilateral green says one is india and one in the china. we truly kind of trying the bilateral loans exceeding about $9000000000.00 is a key component on this matter a

the i m f has worn, china's recovery could stall. if there's another major coven 19 outbreak. or reporters of the view of the i m. f outlook from china and india. here is katrina you 1st from beijing. i muscles china will be a major driver of global growth this year due to pent up demand after 3 years of strict covered 19 locked arms. we've already seen a bounce in the chinese economy during the leukemia period. there was an increase in consumption by 12.2 percent compared to the same period last year. but economists say we're not likely to see the same surgeon inflation that we have seen in other major economies. one reason is that while chinese households have been saving big household income has also taken a significant hit due to repeated lockdown this, as well as fears of possible future coven waves, means people won't be so quick to enter their bank accounts, especially on big ticket items also affecting consumer confidence is china's ailing property sector. while the government is raising to ease a real estate slumped, recovery will take time. chinese state planet meanwh

m. f has not yet approved the loan, as it refuses to give cash until the reduction of the billions in debt shall anchor owes to india and china. that's all for now, but to be short, checkouts r t dot com for all the latest breaking news and updates. i will see you right back here at the top of the hour. ah ah . when i was showing wrong, when i was just a day, becomes the advocate and engagement. it was the trail. when so many find themselves worlds apart, we choose to look for common ground. ah, north atlantic alliance recognizance aircraft wolf shipped, cruising close to russia's borders, have become commonplace along with military hardware redeployment and large scale exercises. nato has also developed its offensive capability near the russian borders. mm. every year a russian backed resolution is submitted to the un against the glorification of not system the outcome is always the same for you as votes against it. and in recent years with ukrainian backing with typically the u. abstains. ah, but in most countries voting in favor, the document is accepted. but it's only advisory lou mete

m f has not yet approved the loan, as it refuses to give cash until a reduction of the billions in debts shall lanka owes to india and china. a complicated story as close live now to my amazon is a director of the belt and rhode initiative in shoreline. co. my it, thanks for joining us here on our tea. bit complicated, this one. what do you make of china's visit to shall anchor 1st, an indian upcoming trip as well? they're talking about some sort of deck to reject duction. obviously the money is owed back to them. what's. what's the story here? we handle this. thank you. thank you very much. for having me for 3, la india and china is very important in the same way that india and china, 3 long hours will be important because of the geography location. so it's very clear that both india and china, they want to help us still in the find the way that we can support cylinder to overcome this crisis. so that is one of the reason the china recently they had a receipt and they said you can expect the positive outcome very soon in the, in time, in the, in 40 minutes or so visiting. and they alrea

the i m f has slightly raised its global growth forecast at 2.9 percent due to unexpected spending in the u. s. and in europe, as well as the reopening of china's economy and an easing of energy costs. it's also found that inflation is starting to decline in the face of higher interest rates, calling the news encouraging. but the news isn't all goods. china's recovery could stall due to possible future cove with waves, and there's also the danger of an escalation of the war and ukraine, which would further do stabilize energy and food markets. for mr. miller reports from johannesburg about how some african countries are asking the i m f for loans. while south africa's economy is under stress, it's relied far less on the international monetary fund than other african countries. so africa's historic, he had an ideological aversion to i, m f, loans and it can raise local funding and finance because of its sophisticated capital markets, which some other african states may not have. my condom is say, it's unlikely south africa will need the i'm if any time soon. that's also despite a south

but there are still risks the i m f has warren, china's recovery could stole if there's another major coven 19 outbreak. and if the war in ukraine escalates, it could further do stabilize global energy and food markets. katrina, u, as in beijing and takes a look at china's role in this year as a global growth. i missed those. china will be a major driver of global growth. this year, due to pent up demand after 3 years of strict course, 19 locked downs. we've already seen a bounce in the chinese economy during the loo to new year period. there was an increase in consumption by 12.2 percent compared to the same period last year. but economists say we're not likely to see the same surgeon inflation that we have seen in other major economies. one reason is that while chinese households have been saving big household income has also taken a significant hit due to repeated lockdown. this says well, the spheres of possible future corbin waves means people won't be so quick to empty . their bank accounts, especially on big ticket items. also affecting consumer confidence is china's ailing pro

as higher interest rates take effects, news it calls encouraging, but there are still risks the i m f has warren, china as recovery could stall if there is another major coven 19 outbreak. and if the war in ukraine escalates, it could further do stabilize global energy and food markets. for amazon. miller reports from johannesburg. but how some african countries are asking the i m f for loans. while south africa's economy is under stress, it's relied far less on the international monetary fund than other african countries. south africa's historic, he had an ideological aversion to i, m f, loans and it can raise local funding and finance because of its sophisticated capital markets, which some other african states may not have nikon m as say, it's unlikely south africa will need the i'm if any time soon. that's also despite a south africa suffering with paula. the paul we, utility is gone. has $26000000000.00 worth of data and he's struggling to supply power. but the is an exception. sub africa receive $4300000000.00 from i. if i am, if, as emergency support during the global pandemic in c

was facing an economic recession and crisis of dollar reserves, america has mean increasing expression on pocket st. on to i m f. it has been history of america that it has exploited many nations of the board with the economic sanction tool with the political tool and with the military might. so this was again, an effort to, to keep focused on away from russia, which is trying to help august on to get out of this economic crisis by provision of the, the cheap possible field. and i don't think that america would be sitting idle. they would definitely be trying to intervene and they would try to put on more pressure to make focused on reaping that focused on don't go towards the, the, the purchase of this economic mode economize and more cheap fossil fuel. if this fuel comes to pakistan, the pocket stance can see value will be balanced and stable and focused on observe and economic stability inside pakistan, which is certainly not an objective and not an invention by european and the can community. they want to see us on the mercy, and they want to implement their policies by coordinating us from the internationa

pakistan was facing an economic recession and a crisis of dollars of america has been increasing expression on pakistan through i m f. it has been history of america that it has exploited many nations of the ward with the economic sanction tool with the political tool and with the military might. and i don't think that america would be sitting idle. they would definitely be trying to intervene and they would try to put on more pressure to make focused on re think that by august on don't go towards the the, the purchase of this economy mode, economize them more g for some food. so it was a natural response, and it was a natural consequent that pakistan is now rightly looking towards russia for its strategic dies and economic ties as well. so it's been a 20 years since the u. s. invasion of iraq. and here at r t, we are beginning our special coverage. now throughout the coming months we'll examine the devastation l. a. d stabilization that ultimately cause what across the middle east. at this hour, american and coalition forces are in the early stages of military operations to disarm iraq, to free its people, and to d

the i m f, has warned that china's recovery could stall if there's another major coven 19 outbreak. same as ravi has more. for anyone who began the you worried about a global recession, it may be time to breathe more easily. the international monetary fund is highlighted activity in india and china as fuel for a world economy on demand more growth, less inflation, cheaper energy, and an inching back to pre pandemic markets. all the indications are that we are witnessing a rapid reopening of the economy. and so here, when we think about the reopening of the chinese economy, it's going to have an impact on the supply side. because we can anticipate that once the economy fully reopened, we have less supply chain disruptions that we have witnessed in 2022 when they were lock downs and confinements. so we're going to get an expansion in production coming from that side. chinese household activity returning to normal and people traveling once again, are expected to drive the countries recover and ripple through the global economy. we've got an estimate that for every one percentage point

has her eyes set on the next reward. so i dragged within to live and a growth around 700 life and crime. so i can get like a 20 percent discount for m f. m. another disease which has claimed millions of lives in the last 3 years, is of course, coven. 19. the pandemic hit brazil, particularly hard with hundreds of thousands of deaths. brazil was the 2nd worst affected country after the u. s. and as well as health issues, many people token economic knox town, something many are still struggling with for more than a year. cutting of us does hardly dare to go out on the street. she was too worried about contracting cove at 19 again. all of her bones still ache. she suffers from dizziness and has fallen over several times. even before the pandemic her life in the villa alliance of a villa in rio de janeiro was not easy. but after she contract, october 19 her situation worse, and she could no longer pay for her rented apartment. and now it's in her sewing studio, she used to teach nearly a dozen women how to so she also sold her wares at markets. but the virus robbed her of all her strength, was relatively poor because a lot of people have

has her eyes set on the next reward. so i dragged within to renew and i got there around $700.00 less than crime. so i can get like a 20 percent discount for m f. m. another disease which has claimed millions of lives in the last 3 years, is of course, coven. 19. the pandemic hit brazil, particularly hard with hundreds of thousands of deaths. brazil was the 2nd worst affected country after the u. s. and as well as health issues. many people took an economic knox town. something many a still struggling with for more than a year. cutting of us does hardly dare to go out on the street. she was too worried about contracting cove at 19 again. all of her bones still ache. she suffers from dizziness and has fallen over several times. even before the pandemic her life in the villa alliance of a villa in rio de janeiro was not easy. but after she contract, had coven 19 her situation worsened? she could no longer pay for her rented apartment. and now it's in her sewing studio . she used to teach nearly a dozen women how to so she also sold her wares at markets. but the virus robbed her of all her strength. what's wrong with my poor? because a lot of peo

so india has given its approval to the i m f a to give she long call that bailout package. the sheila and gus many desperately is looking at also she duncan was india about $1000000000.00 only last year. india had given sri lanka around $700000000.00 on credit line and this was then the crisis was added, speak and running. let me on the line your i was in sri lanka when the crisis was brewing and when the crisis is really out of speak. and it's hard to imagine what that economic crisis, which leader turned into a political crisis on a manager in crisis had done to the people or she lanka. you remember those cues outside special stations that snaked for kalama. tell them kalama does not just a few will they will other problems as well. so no fuel, no cash, no medicines, all for the people and really hard to describe the emotional undertone a behind those use that we saw in sri lanka. now school, the cues are gone and the situation is somewhat better, but the pain of people hasn't completely gone away. and therefore, these talks are going to be extremely important. and they d

so india has given it's approval to the i m f a to give so long call that bill of package, the feeling really desperately is looking at also treat and got always india about $1000000000.00 only last year. india had given 3 long got around $700000000.00 on credit line. and this was when the crisis was added speak in july last year, july 2022 things had gotten really, really bad for 3 long. we all remember those we all of the he was outside patrol station that makes 4 kilometers in kilometers. but also the government offices were runaway, the presidential palace was ransacked, the faith broadcaster was hijacked, and the prime minister's office was set to believe the economic crisis. now had really turned into a political and of humanitarian. one thing on the ground for long had become extremely extreme. the difficult, of course, that also led to the fall of the long standing roger buck shot government bought for sri long called the priority now is to read negotiate loans with it's for lenders. and that's what india is trying to help sri lanka. we've for these debt restructuring talks bet

so india has given its approval to the i m f a to give free long call that a bailout package, the sheila and got many desperate b is looking at also sri lanka, always india, about 1000000000 dollars only last year. india had given 3 long, got around 700000000 dollars on credit line, and this was then the crisis was added speak in july last year, july 2022 things had gotten really, really bad for sri lanka. we all remember, those were rules. all of the she was outside patrol station that makes 4 kilometers in kilometers, but also the government offices were runaway, the presidential palace was ransacked, the faith broadcaster was hijacked, and the prime minister's office was set ablaze. the economic crisis now had really turned into a political and of humanitarian. one and things on the ground for sri lanka had become extremely extreme. lead difficult, of course, that also led to the fall of the long standing roger buckshot. government does, but foresee langkow though, priority now is to renegotiate aid loans with its foreign lenders. and that's what, in the eyes trying to help sri lanka

years of trauma, how me and mars military who has left children in kaya state, struggling for food and education, living in fear of air strikes. and the i m f says the global economy has strengthened slightly. boyd by rising gross forecast the india and china. ah hello yet more heavy showers coming in across a northern parts of australia. rush a storm said just around the northern territory, pushing across into queensland further flooding, concerns rolling through here and the front can says extend their way down into new zealand as well. weather will be further spells of wet weather as we go through the next couple of days. that's where does this picture mo, showers longest bells. a fright course, a good part of new zealand. pushing for the southwards and a westwards in the process. troy where the back into the southeast of australia, south australia, father drives to light heat across the way perth, getting up into the mid thirties over the next couple of days. me repeat performance as we go through thursday. so some heavy showers through the northern territory nor the pos, the queens dancing the bulk of the heaviest storms at this stage.

access to the financial resources they need while at the same time, the pakistani prime minister has asked the i m f for a pause in its demands for economic reforms, which includes spending cuts on raising the prices of subsidized gas and energy. islam about insist it's doing its best to meet the i m. f targets on blames. i stood p. m. imminent come for the country's economic plight, alleging he left it short of cash and facing and energy crunch. pakistan raised more than $10000000000.00 and pledges us a donors conference on monday, posted jointly by the government of pakistan on the u. n. but that's just half all the number needed now as the country struggles to recover from devastating floods which affected over 30000000 people. sri lanka also facing difficulties in that region with at debt relief negotiations. although in this case, it involves private investors. the south asian country plunged into crisis last spring with its leaders forced to flee as mass protest swept the country. sure lanka defaulted on its dead for the 1st time in its history in may. and now hedge funds and in vest hers are

well, at the same time, the pakistani prime minister has asked the i m f for a pause in its demands for economic growth, which includes spending cuts and raising the prices of subsidized gauss and energy . islam about insist sits doing its best to meet the i m f. target son blames icbm . enron come for the country's economic plight, alleging he left that short of cash on facing an energy crunch. pakistan raise more than $10000000000.00 and legit at a donors conference on monday hosted jointly by the government of pakistan and the un. but that's just half of the number needed as a country struggles to recover from devastating floods which affected over 30000000 people. sure. lanka is also facing difficulties with death relief negotiations. although in this case, it involves private investors. the south asian country plunged into crisis last spring with its leadership, forced to flee, else mass protest swept the country. shoreline could defaulted on its dead for the 1st time in its history, in may on our hedge funds and investors that's around 40 percent of sure. like is external debt sto

well, at the same time, the pakistani prime minister has asked the i m f for a pause in its demand for economic reforms which include spending cuts and raising the prices of subsidized gas and energy. generally islamabad and says it's doing its best to meet the m f targets. and at blaine's i said, p a member, i'm come for the country's economic light saying he left that short of cash and facing an energy crunch. pakistan raised more than $10000000000.00 and pleasures other donors conference and monday, host to jointly by the government of pakistan. and the u. n. a that's just half really of the number needed us. the country struggles to recover from devastating floods which affected over 30000000 people. sri lanka is also facing difficulties with debt relief negotiations a low in this case. it involves private investors. the south asian country plunged into crisis last spring with its leaders, forced to flee as mass protests swept the country. now sri lanka defaulted on its dead for the 1st time in its history in may. and our hedge funds and investors that it's almost 40 percent of sur

and the country has yet to reach a bailout agreement with the i m. f. a consequence of a government with a divide in parliament, adding fuel to a growing fire. now crowds of south africans also taken to the streets of johannesburg to protest against rolling blackouts. demonstrators marched on the headquarters of the ruling a and see party, south africans of had to put up with years of so called a load shedding where power is intermittently switched off deliberately. to conserves flies, state energy utility. s gum has struggled to keep up with demand and maintain the countries aging power infrastructure. the machines are still running at typical coolest furniture workshop in johannesburg. but soon the electricity will be turned off. it's called lot shedding a form of energy rationing because the country can't make enough. it's lead to frustration everywhere. that has dorothy, ah, it to put it in business terms, admins, loss of income, less loss of revenue. and it affects my profitability in a huge way. today, the power has gone out 3 times. each time for

and the country has yet to reach a bail out agreement with the m f. a consequence of a government with a divided parliament, adding fuel to a growing fire. now to some of the other global business stories making news, german software giant s a p is to cope 3000 jobs, the 2 and a half percent of the company's global workforce. it says it wants to cut costs to focus on its cloud business and is considering selling its remaining stake in us software maker qualtrics. it follows math layoff at google, microsoft, amazon. and in stark contrast, germany's economy minister, robert ha back says nearly 2000000 jobs need to be filled in the country. that figure is significantly higher than the 800 fives and vacancies released by the federal statistical office. the government says it wants to change laws to address address the lack of workers. british annual car production has dropped to the lowest level since $956.00. now due to global shortages of semiconductors, which have limited capacity to make cars at home. you case, biggest foreign owned auto manufacturers

that of 5000000000 pakistan has been negotiating with the i m f to continue a bailout program with its foreign reserves, reportedly fall into an 8 year low. we did hear from you can make expert chart here with us who told us the money from saudi arabia. it will only be helpful if it comes right now. is the support is going to come right away. then i would say that this is general support, and i will say that this is, this shows very, a clever diplomacy by the huge stuff that he rented. he was able to bring support from saudi arabia. i would be very appreciative of. so the gesture and i would think that this party side army has, you know, he's done a very good job and he's achieved very good. i mean, he's very good a diplomacy also i would say that provided the it is for coming right away. but if it doesn't mean if it is only pushing us into signing another agreement or the i'm if been, i'm not sure whether it's going to be very hard for us to send out. a scramble for aid comes off the pakistan experience. just one crisis after another, over the past year, a disastrous flood that covere