allen fisher al jazeera, westminster. the leaders of france and germany say the relationship between the 2 countries is strong despite differences. german chancellor, allah, sholtes has been meeting emmanuel, my crime in paris. the 2 nations have clashed over europe's position on how to respond to the energy crisis. it's defense strategy and the war and ukraine. the leaders have agreed to set up working groups to discuss these issues. those are a broker is a professor of political science at stanford university. he says, there are substantial differences between the allies. the one difference is we are not only clashing on different policies or what the right means are to address the different issues that are discussed in europe in leveled. all of the upcoming decisions have constitutional strategic consequences for the future of europe in like, what kind of your you both the coming up so that the one thing. and the other thing which is also concerning a lot of people in germany is that the communication style has to be c

allen, fisher report some i'm a headquarters in washington dc. it's a dark time for the global economy. from all over the world. delegates and representatives are in washington to be told what many already know economically, things are bad and they're going to get worse. the global economy continues to face steep challenges, shaped by 3 powerful forces, the russian invasion of ukraine. the cost of living crisis caused by persistent and broadening inflation pressures. and the slow down in china, inflation is biting economies around the world, making it harder for ordinary people to do ordinary things, like feed their families or warm their homes. the i m f says the reasons are many under complicated, but strict covered locked downs and china has hit growth there and impacted the global supply chain. there are several climate emergencies, and there's rushes war and ukraine, which is hit foot supplies and caused an energy crisis. this winter in europe is described by the i m. f is challenging, but warns next winter will be worse when it comes to the

and sears allen fisher reports. it's a dark time for the global economy. from all over the world. delegates and representatives are in washington to be told what many already know economically, things are bad and they're going to get worse. the global economy continues to face . steve challenges shaped by 3 powerful forces, the russian invasion of ukraine. the cost of living crisis caused by persistent and broadening inflation pressures. and the slow down in china, inflation is biting economies around the world, making it harder for ordinary people to do ordinary things, like feed their families or warm their homes. the i m f says the reasons are many under complicated, but strict covered lot don's in china has had growth there and impacted the global supply chain. there are several climate emergencies under russia's war in ukraine, which is his food supplies and caused an energy crisis. this winter in europe is described by the i m f is challenging, but warns next winter will be worse when it comes to the cost of living crisis. the way to go is to provide

allen fisher reports from my math headquarters in washington, dc. it's a dark time for the global economy from all over the world. delegates and representatives are in washington to be told what many already know economically, things are bad and they're going to get worse. the global economy continues to face steep challenges, shaped by 3 powerful forces, the russian invasion of ukraine. the cost of living crisis caused by persistent and broadening inflation pressures. and the slow down in china, inflation is biting economies around the world, making it harder for ordinary people to do ordinary things, like feed their families or warm their homes. the i m f says the reasons are many under complicated. but strict covered loc don's in china has hit growth there and impacted the global supply chain. there are several climate emergencies under russia's war in ukraine, which is his food supplies, and caused an energy crisis. this winter in europe is described by the i m f is challenging, but warns next winter will be worse when it comes to the cost of li

allen fisher al jazeera at the i m f. annual meeting in washington. william lee is the chief economist at the milken institute, which is an independent economic think tank and joins us live by skype from los angeles at william and a warm welcome to the program. it's been painted as very bleak forecast, so when the i met says, the worst is yet to come, sketch this out for us. the ins is most concerned about the taste with which central banks around the world are starting to raise interest rates, north fight inflation. one of the consequences of the higher rates is to slow down growth, but also put people out of work. and the p. r for a generation of people who are used to very low unemployment cent, readily available jobs. this is really a change of life that people are not learned to deal with and is cause source of social and political unrest going forward if the severity of the downturn is as severe as the i, as the fed reserve. and you see the are expecting it to be william the focus as very much been on managing inflation. but what options to coun

allen fisher has more from the i m. f meeting in washington. the delegates and representatives will be leaving the i m. f world bank meetings here in washington over the next couple of days with the reality really enforced to them that the economic picture globally is not great. number of problems. first of all, growth is down and inflation is high, not just in certain sectors, but essentially across the world. that means that feeding family's heating homes becomes much more expensive for ordinary people. and part of the reason for that is the war in ukraine. no. janet jaelyn, who is the us treasury secretary, essentially the finance minister. she has been speaking here in washington, and she said it was important that the international community watch together to make sure that russia continues to suffer for the warden ukraine. one thing we want to be clear about is that russia should not profit from having i started this atrocious war in ukraine and shouldn't be benefiting from our profits it result from. and those, those atrocities the i m f

allen fisher al jazeera at the i m f. annual meeting in washington. the u. s. says it's reevaluating its relationship with re and after the saudi led opec plus group decided to steeply cut oil production. the organization of petroleum exposing countries announced its decision last week despite us opposition. the white house, as president, j biden, is willing to work with congress after sen, call for fries and co operation with saudi arabia. from the beginning of the administration since taking office, the president has been very clear that united states need to need a different sort of relationship with saudi arabia. he has said that from very early on, and i have said this last week when opec made the decision to align their energy policy with russia's war and war aims and against the american people. further underscore is that reasoning to realign that relationship to reevaluate that relationship with saudi arabia. we are reviewing where we are currently right now and will be watching closely over the coming weeks and months as well. well kimmy hawk, it has m

comments are made of the annual meetings of the i, m f and world bank in washington, dc from way allen fisher report crystelina georgina is aware of the impact that high inflation is having on every one. and she says that governments really do have to do more to try and help the poorest. this isn't some abstract economic theory. this is being experienced by everyone if they go along to the shop, just to buy some food to feed their family. and she says that of governments and financial institutions are going to help than the help has to be targeted to those who are struggling the most. she says that essentially inflation is a taxation on the poorest in society. she's also aware that when that are financial issues, there can be political issues. and that has led to critics to wonder whether the international monetary fund and the world bank is fit for purpose in negotiating its way through this crisis. whether capitalism should continue to be the driver of what is happening with global economies. well, that is a point i put to a senior figure in the world bank. when you have these types of mult

allen fisher al jazeera, westminster. a po process has blessed the family of murdered edges. he had a journalist, shitty and i walk in vatican city. the special memorial mass has also been held in rome for the palestinian american shooting was targeted and shot dead by rainy forces while on assignment in the occupied west bank city of janine in may. stephanie deca has more from the vatican city, the post by the family, the family that is here is tony and brother, his 2 daughters and his wife. the pope passed by tony also held out a picture of shitty and that he blasted and move past the family. they also met with cards and paddling. who is the essentially the secretary of state of the holy c. also cardinal somebody who was a vatican diplomat, i'm so of course, significant and symbolic surely, hugely for you know, a catholic family, you know, considering what happened to me, but i was talking to leno. one of shooting nita's family has been very tireless when it comes to pushing for justice, talking to various governments also the international criminal court. no, of course her

allen fisher al jazeera at the i m f. annual meeting in washington as the world's 2nd largest economy. whatever happens in china impacts people and supply chains across the globe. patrick for conditioning has more on what the i m. f says is zillow for asian economies will as the saying goes, when china sneezes the world catches a cold, that's certainly the case for emerging and developing asia where the i m f has so forecasted a decline and growth from 7.2 percent and 2021 to 4.4 percent in 2022, that's a downgrade of 0.2 percent. since july, it la, reflects the downgrade to growth in china, to 3.2 percent for this year to the countries slowest to growth rate and more than 4 decades. if you exclude the initial outbreak of the coven, 19 crisis in 2020, and the i m. f has singled out to the slowdown in china's being a key challenge for the global economy. frequent curve at 19 loc dance across the country of taken that sol crimping, local demand, and causing significant supply chain disruptions. it's also deep into decline in home cells and part of the quality pressures on developers. bu

allen fisher al jazeera at the i m f annual meeting in washington. tobias adrian is director of the machine and capital markets department at the international monetary fund. it says attempt to keep inflation in chat kept partly responsible for the sleigh down. so the basic forecast, painful picture, whereby the 2 other countries in the world i'm the session, the tightening of monetary policy and the tightening of financial conditions that as a result of the type of monetary policy. it's fairly orderly. however, the downside risk relative to the baseline, and that could mean that more countries recession and it could mean that financial stability risk realizing. so we could see this order the type of thing or market this function. in certain segment, inflation is well above targets in the majority of countries around the world. in many countries in station runs of a 910 percent, sometimes even higher. central banks have to get information back to the targets. for many center banks, that's a 2 percent target, but either it's a 3 or 4 percent target depending on where you are in the world. so

s full costs and dominate cane is in the german capital, but 1st to allen fisher about the groups headquarters in washington, d. c. well, tell us the i m f is releasing forecasts for regions across the world. it's fair to say the global economy looks to be something of a serious slum as i am, when you look at the report that it's been released for sub saharan africa. when it's entitled living on the edge, you realize that things there aren't looking good either. there is the very old cliches that when europe sneezes, africa catches a cold. and although there was who, after they pandemic, that there had been some rising growth in 2021 the. the foundations for what happens in 20222023 are not great either. the biggest challenge is, of course, like everywhere else in the world is the cost of living crisis, but exacerbated in africa by the fact that there is massive food insecurity, particularly in the horn of africa. and across this, a hill, according to the international monetary fund, somewhere in the region of a 123000000 people might not know where their next meal is coming from, with any gre

allen fisher has more he is the front runner for the job as britton's next prime minister. but rushes to neck is preceding cautiously. a short written statement, promising integrity, professionalism, and accountability. and then off to rally, support. i the only other declared candidate is cabinet minister penny more than she has backing, but as yet not enough to hit the magic mark of 100 m p. supporting her to get into a runoff election. i am very confident about the progress we're making and i will say to you that i am in this to win it. i think it's important for our party. we have a contest. i am very confident about on numbers. and it's i, the reason why i'm doing this is because i think i am best place to bring the party together. both had been waiting to see what bullish johnston was going to do. he flew in from holiday the weekend to rally support for a political come by his resignation almost 4 months ago led to las trust being elected as conservative party leader and prime minister i missed the speaker. i can, i can tell, but in a statement late on sunday, much as

allen fisher. i'll just, you know, westminster. ah, this is our era, and these are the top stories. ukraine. it says wet, weather and difficult terrain is making the counter offensive in the southern hassan region. more challenging. president lensky says the fist fighting is taking place in the eastern on the ask region. said lot number of do me. so give me and there are been no significant changes on the front line. the most severe fighting is taking place in donetta region, buckman directions out of difficult. it is the place where the insanity of the russian command becomes more evident, day after day over the months. they are driving people to death. they're concentrating, the highest level of artillery strikes, all of our soldiers who are defending their positions in these areas. internet region of our heroes. confrontations have taken place between iranian security forces and demonstrators. in the home town of masa, many thousands of protest as marched to the cemetery where she was buried to mark 40 days since her death in po

allen fisher is in washington dc. he spoke to the deputy director of the i. m. s. research department petticoat over brooks about today's gloomy outlook. it's the 1st in person meeting for the international monetary fund in 3 years, and the delegates and representatives gathering here in washington. d. c. have been presented with a report which doesn't make for good reading. essentially, there is a confluence of events across the globe that are causing real financial problems. that is the war in russia. there is political instability, there's a climate crisis. and of course we're seeing inflation and many places around the country. well, one of the authors of that report joins me now. it's petro cova brooks from the international monetary fund. that is there any good news in this report? thank you very much for having me here. and it has been indeed a very challenging situation. but one should not forget that things could have been worse or put it differently, they could get worse even yet. and for instance, if we were to see higher energy prices or escalation a

allen fisher has more from washington d. c. crystelina georgina is aware of the impact that high inflation is having on every one. and she says that governments really do have to do more to try and help the poorest. this isn't some abstract economic theory. this is being experienced by everyone. if they go along to the shop, just to buy some food to feed their family. and she says that of governments and financial institutions are going to help than the help has to be targeted to those who are struggling the most. she says that essentially inflation is a taxation on the poorest in society. she's also aware that when that are financial issues, there can be political issues. and that has led to critics to wonder whether the international monetary fund and the world bank is fit for purpose in negotiating its way through this crisis. whether capitalism should continue to be the driver of what is happening with global economies. well, that is a point i put to a senior figure in the world bank. when you have these types of multipl

he certainly will do allen fisher in washington. many thanks. now british prime minister list trust is fighting to hold onto her jaw above to being forced to make a major you turn on her economic policy. trust has apologized for going too far and too fast in her many budget 3 weeks ago, which has now been all but ditch by the new finance chief, jeremy hunt. joe hall has more from wealth of sto, market in east london. at found it out. its been just a few weeks since new prime minister is trust, promised low taxes and you cannot make growth and absolute disaster. why? what approximate you saw on the price of the pan there is actually terrible side a price of produce. she's gone for a roof, get any here the transport if anybody wanted so dislike that. all right, thank you very much. events have moved so fast in westminster, that in new finance minister is now raising taxes and promising public sector cuts while the prime minister clings to her job. well, i think of a 1000 shambles. i do some believable and it just gets worse and worse and less trus

allen fisher al jazeera at the i m f. annual meeting in washington. palestinians in the shaw thought refugee camp unoccupied. east jerusalem have launched a strike in protest against the days long siege by israeli forces. these rady army is blocked entrances and exits since saturday after a soldier was shot dead in the attack of one of the checkpoints. those in the camp say they've been collectively punished and the holding marches and the vigil on wednesday. the abraham is next to the camp and the blockaded town anata. as you can see, the streets are empty. israeli soldiers are putting up road blocks, checkpoints, the preventing cars from entering the shortfalls refugee camp. this is the 4th day that the israeli forces have been located located in this area. they say that the perpetrator of the shooting attack, that left one is really soldier killed late on saturday, is from the refugee camp. and they're still looking for the shooter. and so a tense situation elsewhere in the occupied westbank where not only there's a strike here, but there are holes who strike elsewhere in the west

allen fisher exclaims, in a month's time, the american public will go to the polls for the midterm elections. for many, this is a referendum and jo biden's 1st 2 years in the white house and it's supposed to be believed. it won't be good news for the democrats. what remains clear is that american politics is still incredibly divisive. so what's at stake will, in the house of representatives, everything, 435 congressional districts. some are solidly republican, some are solidly democrat, but there are a few that can be flipped. and the republicans know that a net gain of just 5 seats will give them control of the chamber. that would mean nancy pelosi is no longer the speaker pushing through the presence agenda. she would be replaced by republican almost certainly kevin mccarthy in the senate, 35 of the $100.00 seats set up for grabs. but only 10 of those are thought to be competitive. at the moment, both sites have 50 seats with tie breaks, decided by the casting vote of the democratic vice president. now both sides know that a net gain of just one will give them control of the chamber. tradi

allen fisher in london. allan, thank you very much. indeed. mother, you case political chaos, has been a satirist delight. the internet's been lighting up with mims. oh, looking to take the next step in your career, the you k government is hiring and is now inviting applications for prime minister with a gender. and while that recruitment videos by 2 comedians, but the joke started before last trust resigned that any star tabloid started live streaming and letters to see if it will last longer than the prime minister in the top job. there's also been this mock air b and b listing of downing street. ok, i want to bring in alice, brian. she's a stand up comedian and the comedy is rising. she's joining us from london. alice, thank you very much. indeed for being that with us. what is it about british politics, particularly know which just seems such fertile ground for satire and humor? well, i mean, as a british citizen, i'm in a position right now where i've had more of a say in the outcome of love islands than i have in the last for private as

allen, fisher reports crystelina. george eva is aware of the impact that high inflation is having on every one. and she says that governments really do have to do more to try and help the poorest. this isn't some abstract economic theory. this is being experienced by everyone if they go along to the shop, just to buy some food to feed their family. and she says that of governments and financial institutions are going to help than to help has to be targeted to those who are struggling the most. she says that essentially inflation is a taxation on the poorest in society. she's also aware that when that are financial issues, there can be political issues. and that has led to critics to wonder whether the international monetary fund and the world bank is fit for purpose in negotiating its way through this crisis. whether capitalism should continue to be the driver of what is happening with global economies. well, that is a point i put to a senior figure in the world bank when you have these types of multiple crisis. oh, d

allen fisher has more from the i m. f world bank meeting in washington, dc. the delegates and representatives will be leaving the i m. f world bank meeting here in washington over the next couple of days with the reality really enforce to them that the economic picture globally is no great number of problems. first of all, growth is don't, and inflation is high, not just in certain sectors, but essentially across the world. that means that feeding family's heating homes becomes much more expensive for ordinary people. and part of the reason for that is the water in ukraine. no. janet jaelyn, who is the us treasury secretary, essentially the finance minister. she has been speaking here in washington, and she said it was important that the international community wants together to make sure that russia continues to suffer for the water in ukraine. one thing we want to be clear about is that why she should not profit from having started this atrocious war in ukraine, and should be benefiting from profits that result from those those atrocities the i m. f is insi

out as here as alan fisher, is there a allen pay to picture for us just how bad this last year has been on and what the future holds according to the i m f will looking through the support. there is no good news. it just looks increasingly bleak. there's a confluence coming together of so many different crisis like political instability, climate challenges, that is the war in ukraine. and there's also continued problems of cove at not the walls been through problems economically in the past 20 years with a global financial crisis. and also with essentially, the coven shut down for 2 years. and you would think things were getting back to normal, but they're simply not. and not as a problem. now you can talk macroeconomic terms all that you want. here's the reality. ordinary people are struggling to feed their families to heat their homes, to do the things that they would or to not only do. and that is the challenge that is facing finance ministers and finance executives who gathering here in washington this week. let's just take a look at the idea of growth. now, if you grew an economy,

allen, thank you. alan fisher talking to us from outside dining street. we're going to bring in steph, a deck of who's at westminster. as alan was telling us there, this is, this is going to be a long process. and although the tories might feel that this is the end of the matter, it clearly isn't because one would imagine there is going to be significant political pushback on this. stephanie, if you could just bear with me, we're going to go to richie sudak, who is going to be speaking now to liz trust for her dedicated public service to the country. she has led with dignity and grace for a time of great change and under exceptionally difficult circumstances, both at home and abroad. i am humbled and honored to have the support of my parliamentary colleagues and to be elected as leader, the conservative and unionist party. it is the greatest privilege of my life to be able to serve the party. i love and give back to the country i owe so much to the united kingdom is a great country. but there is no doubt we face a profound economic challenge. we now need

many parts of the world are facing an energy crisis of more on this that speak to alan fisher in washington d. c. allen. what's the latest on this in terms of the impact of the war? ukraine on the global economy? well, just seen the crystelina. georgie of a shuttling into yet another meeting and that has been what has been happening over the last 3 days here in washington, d. c. she is going essentially from room to room speaking to people hammering the same message. there is a confluence of events which is hitting the global economy. it stems from corporate 19 residue, where some of the supply chains are still being affected. that is the climate crisis that is causing a great deal of problems in many places around the world, from pakistan to the united states. then there is the cost of living crisis with inflation high, all around the world and the very real prospect that a 3rd of the world's economies will be experiencing a recession in the next year. and she's aware that when you talk about the impact that inflation has, it is in her was a tax on the poorest in society. and she wanted governments an

allen. thank you very much. indeed, alan fisher talking to us from london police in somalia say 5 people being killed. following an attack at a hotel and the southern port city of cas mail, a car filled with explosives, reportedly rammed into the game to the building down group. how show bob has claimed responsibility. general norman has more from the capital migration school to, to, for the, for this off to call you to the people who are inside the hotel to come down there . go into rescreen them. but it's actually very hard to know how the oppression is going. no, because official school to official there where and see ought up to for why truth or polish about who are inside the hotel on fighting the to belong forces who are trying to reschedule? that incident of the hotel, it's not clear weather up to up till now. it's not clear what the government of malia forties or trouble anatomy tradition has concluded this operation, but it's not the 1st time that i'll show bob. i talk to host a hole in the hotel is what it will go to show or in the other capitalist of somalia. because this, the telec

many parts of the world are facing an energy crisis, but more on this let speak to alan fisher in washington, d. c. allen. what's the latest on this than in terms of the impact of the board ukraine on the global economy? well when you hear from the i m f and also from the world banker having their meetings here in washington this week, the talking grand macroeconomic terms. but the reality is, ordinary people are really struggling because of the financial crisis under struggling to do ordinary things like feed their family and also heat their homes. and this isn't just a thing that's here in the united states. this is globally. and there's acknowledgement by both these organizations that they have to address the issues and fight crystelina. georgia of said that at the and essentially inflation which is impacting most of the world at the moment, is attacks on the poorest. and that is why governments have to target their response and also make sure that it is temporary and they have to act to help those who are struggling the most. no david man, but malpass, who is the head of the world bank, has said some

fisher. he's very in washington. so how bleak is the picture looking for the global economy? allen? well, it's hard to, to put any positive spin on what is happening according to crystelina georgina that are a number of things that have impacted the global economy. and there's still the residue from corporate 1900. the fact that supply chain still on back to normal there as climate challenges all around the world, the war and ukraine has certainly added to the instability. and there is the cost of living crisis. and she said that governments really have to act to try and come, but inflation and not news coming is we find out that inflation here in the united states is that a 40 year high? she says that inflation everyone would accept is attack station on the most vulnerable communities, though, was those with the lowest income. and she said that's where the government need to focus any actions that they take and it has to be focus like that. and it has to be temporary as well. now the warning ukraine is also cause the problem of food insecurity, not just in sub saharan africa, where

and let's bring an alan fisher who's joining us and outside the prime minister's residence and office at downing street so. so allen, the, the new prime minister has wasted no time making cabinet appointments. tell us about them. well, he's clearly got a plan and he knows that he's got to get down to business very quickly. but to court mike tyson, everyone's got a plan until they get punched in the most. and that's what happened, of course, to less trust. she had a plan and all fell apart very quickly. so richie sooner wants to avoid that. one of the things you can do to make sure that that doesn't immediately happen is by reappointing, jeremy hunt. as the finance ministers, chancellor of the exchequer to changes is, chancellor again would have spooked the markets. and he knows that there is a real financial crisis in the united kingdom. and speaking the markets would have made it much harder to dig himself out of that hole. so that is why jeremy hunt has kept that position. james cleverly as foreign secretary, that is perhaps a more of a surprise given as you said, particular that he supported boris johnson that o

that's how crossover to alan fisher, who's outside the prime minister's residence, and office at downing street. so allen, toughest are the most significant appointments? well, he wants to put together a team that he believes will be able to tackle the big problems that britain, a spacing. it's interesting that he went with continuity at the foreign office. many people thought that james cleverly was perhaps the most at risk in the big offices of state, not least because the school coat in support of forest johnson's political resurrection on sunday night. but there were days that he's doing a good job at the foreign office that he has made connections around the world. and that is very important. also important has been wallace at the ministry of defense . of course, there's a lot of sport coming from the u. k. to ukraine at he has been the main conduit for that. he was at the defense minister under boris johnson. he continued that role under less trust. and now he will continue to be that, that, that minister i under richie soon act at what is interesting is that for a man who stood on the steps of dow

allen, great to see you and thank you for being with us tonight. jason, see you later on in the show. we'll be back. >> thank you very much. (fisherestments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our client's portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different. >>> welcome back. you saw brian dahle on earlier in the show running for governor of california and we had a really fascinating conversation about him about the whole plan and how he's going to win and go to steverebelbase.com and find the e-mail. any two gue