a survey conducted by the european central bank suggest over 40 percent of a multinational was planning to shift the overseas operations to politically friendly countries. the majority pointed to china as placing a particular risk. they're also looking to source materials elsewhere to be less dependent on the country on monday, trying to post this 1st of a course of the despotic and foreign direct investment as withdrawals and downsizing by farm times outpaced best spending age. but been discussing this with so were 10 who is chat of finance at the university of hong kong, i asked him whether china is becoming an increasingly hostile environment for foreign firms. i was fair and uh, geo political challenge have taken really center stage. i find all the policy makers and the defense political leaders are concerned. they are really preparing for some halter unusual security for china as i have the secondly to protect china from geo political uh, volunteer to, to say the least least as read that sense. i mean, it's really not surprising that about the only chinese piece of this is in the h

christine lagarde says there's evidence of a softening in the european jobs markets, officials watching closely to assess the impact of her central-bankching cycle. speaking to lawmakers at the european parliament, she spoke about the battle to tame inflation. christine: looking ahead we expect the weakening of inflationary pressures to continue even though headline inflation may rise again in the coming months. mainly owing to some base effects. however, the medium-term outlook for inflation remains surrounded by considerable uncertainty. turning to monetary policy, we remain determined to ensure the timely return of inflation to our 2% medium-term target. lizzy: maria tadeo joins us for more. we heard about inflation from christine lagarde, but she was also talking about the pet program. the pandemic era emergency bond buying program. what changes can we expect on that front? maria: yes, this was a q&a she gave before the european parliament regular exchanges that happen between european institutions. but it was that, on the investments that really, ion stood out. it's interesting some has gone under the reader, but it could be sign

the assets of the bank of russia and, as retaliatory sanctions, the central bank froze money in non-resident accounts like c. the europeanbefore the end of the year, this forecast was presented by the former head of the european central bank, mario draghi. this recession will start at a fairly high point. we've never had unemployment this low, so while a recession is possible, it may not. have a destabilizing effect. mario draghi also emphasized that the aggravation of the situation in the middle east is causing extreme concern in european countries; they fear a new round of the migration crisis. according to the politician, to solve this and other problems, the european union must transform into a more cohesive and effective structure. he also believes that the eu should stop depending on the united states. india saved over $2.5 billion by purchasing russian oil. according to the local ministry of commerce, from january to september, the country purchased more than 69 million tons of oil from russia. the average cost was $525, 60 cents per ton. the assessment is provided by reuters. the price includes transportation and

of russia after february last year, as retaliatory sanctions, the central bank froze money in non-resident accounts like c. the europeanon before the end of the year, this forecast was presented by the ex-head european central bank mario draghi. this recession will start at a fairly high point. we've never had unemployment this low, so while a recession is possible, it may not have a destabilizing effect. mario draghi also stressed that the aggravation of the situation in the middle east is extremely alarming. in european countries, they fear a new round of the migration crisis, according to the politician, to solve this and other problems, the european union must turn into a more cohesive and effective structure, and he also believes that the eu should stop depending on the us. small and medium-sized enterprises may receive twice as many subsidies for the export of goods abroad, as the news writes, such a project was developed by the ministry of economic development, if it is accepted, companies will be able to what is included in export subsidies is assistance in the transportation of goods, as well as in loading, so

in the past, you had been seeing the european central bank needs to do more.o you feel they are at the peak? what comes next? >> disinflation will continue. most central banks including the euro zone will reach target in 2025. this is making the assumption that policy rapes -- rates stay where they are until the end of 2024. if the circumstances change, my policy will have to change as well. if you have a substantial adjustment in the forecast, it's important monetary policy will be data-dependent. this is what my meeting of the ecb does. maria: there's another one coming up in december. i will be in frankfurt. markets could get it right or wrong but you know well that there's an idea that this is it, we are not going to see more hikes from the european central bank, this is the peak. is that the assumption that you work with? >> yes. rates are broadly where they are until the end of next year. then we will see adjustment going forward. maria: higher for longer, what does that mean in terms of time? as a moment in time, what does it look like to you? >> as an

the head of the european central bank allowed inflation to accelerate in the coming months. the european parliament, christina llagard called further consumer dynamics. prices are vague, the catalyst could be an increase in wages, which under current circumstances act as a catch-up, the official reiterated that the key rate in the eurozone will remain record high, as long as it is required, beyond the goal of the european central bank - to return inflation to the target of 2%, which means sacrificing economic growth, what is actually already happening? the euro zone has stagnated in recent quarters and is likely to remain weak for the rest of the year, with real gdp contracting 10% in the third quarter, reflecting the growing impact of higher interest rates, weak external demand and weakening momentum from the post- pandemic reopening of the economy. volume of production in manufacturing industry continues to decline, and activity in the services sector continues to weaken. european markets did not like such statements by the head of the european center; they, as they say, w

the head of the european central bank allowed inflation to accelerate in the coming months.istine lagarde called further... the dynamics of consumer prices vague , the catalyst could be an increase in wages, which under current circumstances acts as a catch-up, the official reiterated that the key rate in the eurozone will remain record high, as much as how long will it take? the overarching goal of the european central bank is to return inflation to the target of 2%, which means sacrificing economic growth, what is actually already happening? in the eurozone, which has stagnated in recent quarters and is likely to remain weak for the rest of the year, real gdp contracted 1/0% in the third quarter, reflecting the growing impact of higher interest rates, weak external demand and weakening momentum from the post- pandemic economic reopening. manufacturing output continues to fall and activity in the services sector continues to weaken. european markets did not like such statements by the head of the ecb; they want what is called light at the end of the tunnel of tight monetary

central banks can do effectively. why do you think so many bankers and people who think about what banks should do disagree? just thinking about the big picture, christine lagarde, who runs the european mission critical to what the ecb does. she clearly believes there are levers that a central bank can pull that are relevant to getting us to where we need to be in terms of transitioning our economy. well, she hasn't used any levers to help the cause against climate change. she is a politician, her background as a politician. the number—two at the ecb is a politician. i think it's a terrible mistake for central banks to start to do things which they're doing for political reasons to enhance maybe their own popularity, but not because they actually have a mission to do it. central banks have one very important role with two focuses. one is monetary stability and low inflation, and the other is stability of the financial system. that's a big enoughjob. so when we look at the data on inequality, which appears to be worsening in a general sense around the world. you know the figures, richest 10% of the global population taking now 52% of global income, the poorest half of the world popula

the latest data is closer to the european central banks, target inflation rate of 2 percent and raises hopes interest rates may have to china's manufacturing activity contracted for a 2nd straight month in november and of a quicker pace while not manufacturing activity have yet another low for the year, the suggestive was the 2nd for this economy made me more expensive stimulus for sure. it cannot be for multi 1000000000 year or property and retail jain cigna finally declared and solve and see this week after desperate attempts to secure a fresh funding failed, making it the biggest casualty so far. of europe's property, downturn owned by austrian tycoon. that any bank goals signals portfolio spend jeremy's best known department store berlin's cottage aid to the country's top high street chain galleria and the futuristic power skyscraper project. the super york belonging to businessman renee vanco has just come on the market for nearly 40000000 euros. the empire of the self made billionaire from austria has been crumbling for some time. rising interest rates and folding property valuat

i think the imf is very much in tune with what the european central bank has been saying, which is thatlthough the headline inflation rate has come down a lot, the labour market is still strong, wage growth has been quite strong. and it's going to be a very difficult and slow process to squeeze out that last bit of inflation from the system. so, i mean, we're thinking interest rates are likely to stay at their current level until the second half of next year, although that is under debate and there are some in the markets who think it may be that they move a bit a bit faster than that. shares in the gaming platform roblox have bounced higher by nearly 18% percent on the nasdaq today. on the nasdaq today. that's after the company released numbers that showed users are spending more on the app. it comes as a relief for investors. previous figures sparked concern that fewer people were downloading the roblox app. our north america business correspondent michelle fleury is in new york. why are shares bouncing up like this, up 18%, ithink? why are shares bouncing up like this, up 1896, ithin

a survey conducted by the european central bank suggest over 40 percent of a multinational was planning to shift the overseas operations to politically friendly countries. the majority pointed to china as placing a particular risk. they're also looking for source materials elsewhere to be less dependent on the country on monday, trying to post this 1st of a course of the deficit and foreign direct investment as withdrawals and downsizing by farm firms. outpaced spending age but been discussing this with so were 10 who is chat of finance at the university of hong kong. i asked him whether the china is becoming an increasingly hostile environment. the foreign firms welfare and our geo political challenge have taken really center stage as far as all the policy makers and.

understand france, they told the whole world that they are helping us, it’s not me, the head of the european central banknce owes us, because no one knows these amounts, because starting from the 60s to this day, our entire gold reserve goes to france every year, all of it is ours. export foreign exchange receipts go directly to france and what is happening france is gold and this currency is pledged and from the interest that it wins it gives us loans , but guys, but forgive me, take mali’s resource today, 22 million, we have the right to dispose of, and we have already taken possession of this right, we must simply hold on to it, own it , manage our resources, our income will be higher than dubai, i explain to you, 2020. prime minister of mali shogel kokkolamaiga is also our graduate, he lived for 11 years in the soviet union and is still very attentive to politics in russia, politicians, their lines, the struggle with the west, arguments, i'm very careful. i follow this, now mali is having a difficult time, at this time, russia is with us, at headquarters late after the defense of niger, at which they

weak growth, high inflation, and rising geopolitical tensions, that's all according to the european central bank's latest financial stability review which says financial markets and nonbanking financial institutions are vulnerable to liquidity and leverage risks luis deguindos will be on cnbc coming up. >>> we're trading higher st stoxx 600 down. we had some underperformance in it will i yesterday. this morning it's a move to the upside from a regional perspective, broad-based gains, you've got a little bit of performance from italy and some balance after the down session ftse 100 trailing a bit up just 10 basis points. the cac 40 up 0.4% and dax up as well a majority of sectors are trading higher we do have a bit of red on the board for retail, oil, and gas retail is the key performer up about 1.2% >>> france is at risk of breaking eu budget rules as it fails to sufficiently prioritize debt reduction, instead pledging funds for green policies and law enforcement. the european commission says belgium, finland, and croatia risk breaking rules, potentially facing sanction as a result with nine other

goes back to christine lagarde, the head of the ecb period she also says it will help the european central bankith its job if the fiscal rules are updated and agreed by member states by december. that's already a warning from the central bank, get it done this year. kriti: bloomberg's maria tadeo bringing us that crucial data. we will keep you posted. in the meantime, i want to go to another part of the world. u.s. president joe biden has met with counterparts from south korea and japan today after landmark talks with president xi at the forum. they pledge to make it easier for foreigners to do business in their country. united states ambassador of japan told bloomberg that amid the economic slowdown in china, president xi is desperate for american investments. >> president xi is desperate because he made serious economic decisions and political decisions where capital is claim. the coin of the room for the united states, we have allies, we have friends, and they want to be aligned with us. kriti: bloomberg's bruce einhorn joins us now with more. what is president xi's playbook? how will he bri

the publication notes that there are also legal obstacles, which is why the european central bank has politicians from taxing companies that receive excess income. the russian government will allocate 611 million rubles this year for the construction and renovation of the novorossiysk kersch federal highway, the location, an order about this was written by prime minister mikhail mishustin. here more than half of the amount will be used for the reconstruction of a 27 km long section, which will improve transport accessibility of the taman seaport. let me remind you that in mid-october the government allocated more than 46 budgets for the development of a number of regions. in luxury, it is recommended to buy goods before black friday, and not during sales. inflation and increased restrictions may lead to many sellers... refusing to make discounts, tas reports this with reference to experts. there is another reason for such recommendations, observations of past years showed that some entrepreneurs , on the contrary... they inflated prices during the season, which does not help, aggregat

are in special accounts according to the central bank at the end march was approximately half 3 rubles. let me remind you that the united states and the europeanf the bank of russia after february last year. as retaliatory sanctions, the central bank froze money in non-resident type c accounts . the european economy may slide into recession before the end of the year, this forecast was presented by the former head of the european central bank , mario draghi. this recession will start at a fairly high point. we have never had such a low unemployment rate, so while a recession is possible, it may not have a destabilizing effect. mario draghi also stressed that the worsening situation in the middle east is causing extreme concern in european countries. they. a new round of the migration crisis. according to the politician, to solve this and other problems, the european union must transform into a more cohesive and effective structure. he also believes that the eu should stop depending on the united states. small and medium-sized enterprises may receive twice as much subsidies for exporting goods abroad. according to the news, such a project was d

european economies via lower regional trade, tighter financial conditions, higher energy prices, and lower consumer confidence. the international monetary fund has warned that the conflict could drive up inflation as central banks continue the battle to bring it down. since the current conflict broke out, commodities markets have seen increase volatility with frent crude oil and european natural gas prices up by around 9% and 34% at the peak respectively. hello and welcome to the quick take section. i'm mattiapolis. when it comes to the israeli genocidal war on palestinians, the economic ramifications go beyond the gaza strip or... the west bank for that matter. we have broken down this into regional and global impacts where globally, for example, europe will suffer. first, the impact on regional countries. when it comes to regional states, the war on gaza has impacted the tourism of several countries like egypt, jordan, and lebanon. in jordan, tourism accounts for 10% of gross domestic product, and since the war broke out, woodby visitors are canceling their trips. egypt. also depends on tourism revenues, perhaps more so now than before, since it has an imf loan, and revenue cuts will threaten paying back its

european economies via lower regional trade, tighter financial conditions, higher energy prices and lower consumer confidence. the international monetary fund has warned that the conflict could drive up inflation as central banks continued the battle to bring it down. since the current conflict broke out, commodities markets have seen increase volatility with brent crude oil and european natural gas prices up by around 9% and 34% at the peak respectively. hello and welcome to the quick take section, i'm mattiapolis, when it comes to the israeli ge suicidal war on palestinians, the economic ramifications go beyond the gaza strip or the west bank for that matter. we have broken down this into regional and global impacts where globally, for example, europe will suffer. first, the impact on regional countries. when it comes to regional states, the war on gaza has impacted the tourism of several countries like egypt, jordan, and lebanon. in jordan, tourism accounts for 10% of gross domes. product, and since the war broke out, wood be visitors are cancelling their trips. egypt also depends on tourism revenues, perhaps more so now than before, since it has an imf loan, and revenue cuts will threaten paying back its l

the publication notes that there are also legal obstacles, which is why the european central bank hasrohibited eu politicians from taxing companies that receive excess profits from frozen russian assets. let me remind you. previously, the leaders of several western countries instructed the european commission to formulate a mechanism for using such income. the russian government will allocate 611 million rubles this year for the construction and renovation of the novorossiysk-kerch federal highway, the location of which was signed by prime minister mikhail mishustin. more than half of the amount will be used for the reconstruction of a 27 km long section, which will improve transport accessibility of the seaport of taman. let me remind you that in mid-october the government allocated more than 46.5 billion rubles for the construction and reconstruction of federal roads, including the novorossiysk kersh road. then the prime minister noted that these projects are of particular importance for the socio-economic development of a number of regions. in luxury, it is recommended to buy goods

because it could destabilize the global financial system, those legal obstacles are why the european central bankd eu politicians from taxing companies that receive excess profits from frozen russian assets. let me remind you that earlier the leaders of several western countries instructed form the european commission. mechanism for using such income. the russian government will allocate 611 million rubles this year for the construction and renovation of federal ones, wrote prime minister mikhail mishustin. more than half of the amount will be used for the reconstruction of a 27 km long section, which will improve transport accessibility of the taman seaport. let me remind you that in mid-october the government allocated more than 46.5 billion rubles for the construction and reconstruction of federal roads, including the novorossiysk kersh road. then the prime minister noted that these projects are of particular importance for luxury, which advises buying goods before black friday, and not during sales. inflation and rising costs may lead to many sellers refusing to offer discounts, tas reports,

the head of the european central bank also warned about the risks of inflation.nsensus now is that the largest regulators have supposedly completed the cycle of policy tightening, but judging by the latest statements, there are no such guarantees. in europe, after grain , ukrainian sugar is now not welcome. this product, which flooded the eu market, required re-export outside the union. french association beet growers. it turns out there is such a thing. and according to experts, the volume of ukrainian sugar imports to europe this season alone could reach 800,000 tons, which is approximately twice as much as in previous periods, while over the five previous years the average figure did not exceed 21,000 tons. well, now supplies have increased tenfold, and this is essentially real dumping on the part of ukraine. it is noteworthy that french farmers do not demand protective measures from paris, but directly from the european commission. official at the end of the release exchange rates for today, which were set by the central bank, dollar 88 rubles, 61 kopecks. eu

well, it’s worth noting that just the day before, the head of the european central bank also warned about market consensus now is that the largest regulator has supposedly completed the cycle of policy tightening, but judging by the latest statements, there are no such guarantees. in europe, following grain , ukrainian sugar is now not welcome. this product, which flooded the eu market, was demanded to be re-exported outside the union by the french association of beet growers. don't be surprised, there is one. by experts estimate that the volume of ukrainian sugar imports to europe this season alone could reach 800,000 tons, which is approximately. twice as much as in previous periods, while over the previous five years, the average did not exceed 21. well, now supplies have increased tens of times, and this is essentially real dumping on the part of ukraine, it is noteworthy that french farmers they demand protective measures not from paris, but directly from the european commission. in russian stores, it will soon be technically impossible to buy illegal or expired products, subject to

the publication notes that there are also legal obstacles, which is why the european central bank hasicians from taxing companies that receive excess profits from frozen russian assets. let me remind you that earlier the leaders of several western countries instructed the european commission to formulate a mechanism for using such income. the uk has decided to issue new mining licenses annually. oil and gas, and as the country’s government reported, its own fields will reduce it dependence on imported energy resources, in addition, this will provide hundreds of thousands of new jobs . but such a solution has its own challenges, with each successive round of licensing requiring two conditions to be met: britain must import more oil and gas than it extracts, and the carbon emissions associated with production must be kept below those of imported lng. let me remind you that the kingdom’s authorities set a course for the development of new fields in the north sea last fall. this was prompted by the energy crisis in europe. from 1 january uk stopped supplies of liquefied natural gas from r

it should be noted that just the day before, the head of the european central bank also warned aboutconsensus now is that the largest regulators have supposedly completed the cycle of policy tightening. but judging by. there are no such guarantees in the latest statement. ukraine's national debt reached a record by the end of october; it exceeded $136 billion, the ministry of finance reported. already next month , the figure may exceed 137.5 billion, which corresponds to 90% of ukrainian gdp. now the country is actually supported by their foreign patrons. the budget for next year includes expenses of 92 billion dollars and 40. of them, that is, almost half, the kiev regime hopes to cover with western subsidies. french michelin will cut more than half a thousand jobs in germany. the tire manufacturer announced the closure of germany's three factories producing truck tires , and is also planning to move its customer service contact center from germany to poland. the company admitted that it was unable to withstand competition due to the import of cheap tires from countries with lower p

and you know, was for, for my head of the i in math now head of the european central bank. she was completely taken in by as well. um, i imagine she will survive also the, the scandal over her husband. because, um, this is the case of the baltic states, i mean, they being yapping and yapping and yapping for years now for a move in. so he is about how much they hate the russians. and you know, the russians have been doing these terrible things to them, but they basically been living off russia for years. it wasn't just her own a husband, but the entire is stony lead was making money of frustrate and that's how they survive. they don't have anything else in their economy is other than that connection with russia. so that's what we've, if she, what the full of, of this issue of making money of russia then pretty much the entire is stony league, would have to follow that. we'll have to wait and see what the political fallout is . of those allegations, as one is called your summer, they see research kind of the global policy institute, great job in the program. again, thank you.

way multinational companies think about their operations according to a new survey from the european central banks frowned shoring and wires are seen as the way forward? irate seen as the way forward? we have had _ seen as the way forward? - have had niche shoring and maria shoring and friend shoring that aims to centre complex of it networks run countries considered political and economic allies.- countries considered political and economic allies. there are and economic allies. there are an all , and economic allies. there are an ally, therefore _ and economic allies. there are an ally, therefore it _ and economic allies. there are an ally, therefore it is - and economic allies. there are an ally, therefore it is really i an ally, therefore it is really reducing risk in the current? that�*s exactly the idea and for example if we look at american chinese trade tensions, there is clearly been a policy to reduce trade and imports to the us from china which has led to mexico supplanting china as its top trading partner this year. similarly the eu has attempted its version based on what happened wit

christine lagarde, the head of the european central bank, has been expressing very similar views thatunlikely to fall any time soon and job growth "may lose momentum" towards the end of the year. let's speak now to sunaina sinha haldea, global head at the private capital advisory raymond james. they are not saying anything we have not already heard, have they get markets seem to be on edge about these comments? markets do seem to be on edge because markets are expecting central banks to cut interest rates as growth slows, unfortunately for central banks, their mandate is not to spur growth, that is the mandate of governments, their mandate of governments, their mandate is to control and patient and having been a little late to the party and raising interest rates, none of them i want to to cut interest rates to suit until the inflation is well back in the bottle and we are not there, inflation remains too high and andrew bailey suggesting it will remain higherfor andrew bailey suggesting it will remain higher for longer terms of interest—rate stickiness with inflation to come down fro