south korea's central bank has cut interest as it looks to boost the country's slowing economy. the bank ofe third cut in their last four meetings. the decision was in line with economists' expectations, with the central bank revising down its growth forecast to indonesia now and president prabowo subianto has launched a sovereign wealth fund as part of plans to use the new fund will manage the assets of the country's state—owned enterprises, said to be worth about $900 billion. projects such as new housing developments and attracting foreign investment into factories. eveline danubrata — a financial it was pitched as an aim to consolidate assets and leveraged them to promote consolidate assets and leveragec prabowo promote consolidate assets and leveragec prabowo �*s >mote consolidate assets and leveragec prabowo �*s key te president frsaawa'e key ' but to provide some projects. but to provide some context, president prabowo has said there are assets worth , c 7 ”see w .. billion, said there are assets worth 7 e e ”a”, w ~ billion, but said there are assets worth 7 e e ”a”, 777 ~ billion,

the bank of korea has lowered rates to 2.75%, the third cut in the last four meeting. owth forecast for year to i.5%. forecast for this year to i.5%. bangladesh has resumed direct bangladesh has resumed direct with for the trade with pakistan for the first time it an first time since it became an independent in 1971. independent country in 1971. the deal comes after an improvement in relations the two south asian between the two south asian countries after an interim was countries after an interim was installed in government was installed in bangladesh last year. let's cross to mumbai and connect with dyla n dylan acra. is significant for the of the region. geopolitics of the region. bangladeshis geopolitics of the region. bangladesh is at the bangladesh is important at the moment to deal with internal, moment to deal with internist.” "””' rice it moment to deal with inte’rnat.” "””' rice it is a ongoing rice crisis. it is a staple in bangladesh but prices zoomed, seeing have zoomed, seeing sharp inflation after floods destroyed a large section of part i the destroyed a

the governor of the bank of korea speaking to us exclusively about how that country is thinking aboutential tariff impacts from the trump administration. welcome back to blumer daybreak europe. other stories to bring you to attention. donald trump has outlined plans for sweeping tax changes including interestingly ending the carried interest tax break used by private equity and expanding the state and local tax deduction. that allows private equity miniatures to pay lower rates on their own earnings from investments. the texting -- tax change was not mentioned on the campaign trail. he held a meeting with the ceo of u.s. steel at the white house amid growing questions over the company's future. the meeting comes before trump is due to welcome cigarette toshiba. joe biden blocked nippon steel takeover bid and trump has said he supposed to a deal. the south african president says his nation will not be bullied. using his date of the nation address to decry the rise of nationalism and protectionism. he spoke after marco rubio said he would not attend the g20 summit in johannesburg this m

of these tariffs? >> if consumers. >> you know, react to it, one thing's for sure, foreign central banks and foreign governments are watching carefully. bank of koreaharply downgraded economic growth from 1.9 to 1.5% for their economy. and guess what? exports and domestic demand face heightened downward. >> pressures due to. >> us tariff policies and domestic political uncertainty. >> so our central bank. >> won't talk. >> about tariffs. >> but other central banks around. >> the. >> world are talking about tariffs. >> you look at an export economy like korea. the stuff really matters. >> got some headlines from bessent actually. have you seen these sarah? just heading treasury. >> secretary benson says. >> the us economy is brittle underneath due to excessive spending by the biden administration. it's just what we were saying with jim a little bit ago. he wants to. basically reprivatize some elements of the economy that were subsumed, he would argue, by the federal government under under the biden years, exactly. concentrated in government and government adjacent sectors in terms of job growth, goes on to say, carlson, you talked about as well, tho

banks. island like on it was 0. goma signal crossing public of cool. the find the impeachment hiring for south korea's else did president eunice look, you'll have to click on and sold 8 to constitutional court judges were ruled on his case. soon as the 1st 15 president suffice criminal charges in the country, he was arrested last month. the insurrection now to briefly imposing motion, nor in december, unit could face life in prison, or the death penalty if the impeachment is alt pals. frederick nuts like 3 japanese. next, johnson says he hopes to form a government with a sense of left social democrats, his son to rights, christian democratic union. and one of the nice things and sundays elections boss with a fracture of the political landscape, the strengthening fulbright job. these next chancellor has a difficult road ahead but assess boston reports not from back.

we only know some of what hear getting for return, but we know that it's cut rate energy supplies, it's north korea's side, for example, north korea is having its assets in russian banks that were frozen under u.n. security council resolution direction, being unfrozen, a diplomatic lifeline being thrown to the north koreans where previously china had the prerogative there. and so you see each of these countries becoming potentially more dangerous than they would be on their own because of the support they can rely on from the other members, and then again in this broader sense, you see a place for other rejectionist countries to defect to. so if you don't like the way the world is ordered now, for many years you could sort of shake your fist at the world or become something of a rogue state, but there wasn't this sort of viable alternative to it. and now these four countries plus others are trying to construct what they believe to be a viable alternative to it and that's one to which other dissatisfied countries could add weight. bay: yeah, that's really interesting. ambassador blackwill, can you speak more about the alliance on the economic front and what the implica