as i mentioned, presidentjoe biden has described the ugandan law as shameful. esident biden's comments, we can cross live to our north america correspondent david willis. thank you forjoining us on the programme. david, i know it is a holiday weekend in the us, but how much reaction has there been on this development?— development? you're absently right, it is indeed a — development? you're absently right, it is indeed a holiday _ development? you're absently right, it is indeed a holiday weekend - development? you're absently right, it is indeed a holiday weekend here, | it is indeed a holiday weekend here, but yet the reaction from the white house has been very stern indeed, a five paragraph statement release condemning the passage of this law in uganda and warning of possible sanctions. warning as well of a possible barring of ugandan officials involved in implanting these sort of loss from accessing these sort of loss from accessing the united states of america —— implanting the sorts of laws. there is a particular concern here, and thatis is a particular co

later, president zelensky will meet us presidentjoe biden as the summit concludes. the celebrated british author, martin amis, has died at the age of 73. and in sport, as manchester city win the premier league for the third year in a row, our analysis editor ros atkins for the third year in a row, our analysis editor ros atkins takes a look at the problems the club faces off the pitch. hello. i'm helena lee. great to have you with us. we begin with some news from the war in ukraine. russia says its troops have fully captured the ukrainian city of bakhmut. kyiv has denied those claims, but if true, it could mark an end to the longest and bloodiest battle of the 15—month war. russia has been trying to take bakhmut since last year in a grinding war of attrition. and in the last few minutes, the russian news agency interfax has said president putin congratulated his troops for capturing the city. earlier, ukraine had said its units were still fighting in the city. this comes on the heels of the us agreement to allow ukrainian pilots to train in american—made f16 jets. a

but us presidentjoe biden says, "no way.need to pass this legislation with no "strings attached." so off to the white house the two warring political parties go to try and work it out. but the clock is ticking. the us government could run out of cash as early as 1june. so what are the possible consequences? forstarters, people who work for government agencies won't get paid. and those getting social security benefits won't get their money, either. financial markets would fall, and thousands ofjobs would be lost in the immediate aftermath. but the most dire consequence would be investors losing confidence in the country's ability to pay the interest on its debt, which comes in the form of treasury bonds, which are seen as one of the safest places to put your money. and that would quickly shatter the world's confidence in america. sameer hussein reporting on that story for us. later today, wework, one of the giants in the co—working space will report their latest quarterly earnings. analysts polled by reuters are expecting to

presidentjoe biden will meet top lawmakers including republican house of representatives speaker kevin mccarthy at three pm local time on tuesday after that meeting was postponed from last friday. samira hussain has more from the ock. in less than two weeks the ock. in less than two weeks the united states could fail to meet its debt obligations if lawmakers in washington cannot come to some sort of agreement. republicans have continued to demand cuts to social spending before they will agree to raise the borrowing limit. us presidentjoe biden has repeatedly said he would not set conditions lawmakers must raise the debt limit because failure to do so would result in an economic catastrophe. some of the possible outcomes are job losses, those that depend on social security benefits were get paid, and the most dire of outcomes would be the loss of confidence that america's ability to pay interest on its debt. the stakes are high. while the two sides seem far apart traders on wall street are finding some comfort in the two sides coming together to at least try and negotiate a deal. samira

without that kind of approvalfrom presidentjoe approval from presidentjoe biden, we approvalfrom presidentjoe see any deal coming through. it will be interesting to see what ends up in the package. we have a few details starting to trickle in. as you mentioned, one of the biggest hangups and lessen the democratic side with these requirements for aid programmes, federal programmes, like medicaid assistance or food assistance, and some of these details trickling in. at least it says that there may be no changes to medicaid and that is a big thing for democrats. it would be unlikely that president biden would agree to any deal that didn't include that. and as well, you know, joe biden had promised a run on student debt relief something that the republicans were looking to take away in these debt negotiations. it looks like that student debt relief will remain in place. but these are just will remain in place. but these arejust preliminary will remain in place. but these are just preliminary frameworks and those details, as kevin mccarthy told us, are still to be worked out. we will bring you tho

we can see kevin mccarthy speaking and he is speaking with us presidentjoe biden about the debt ceilinget's take a listen.- let's take a listen. only twice. let's take a listen. only twice- in _ let's take a listen. only twice. in 1944 - let's take a listen. only twice. in 1944 and - let's take a listen. only twice. in 1944 and in i let's take a listen. only - twice. in 1944 and in 2000. you are speaking about more money at a higher percentage than any other time. why are we in such a problem? the expenditures, the amount of money government spends. the 50 year average, government normally spends about 21% of gdp. right now, 22 after the democrats took over, there 24% of gdp and the problem is not revenue, the problem is not revenue, the problem is not revenue, the problem is spending. if you want to know where differences have been, so it's been the same place. i simply believe like any house in any business, like any house in any business, like any house in any business, like any state government, when you're this far out of whack, have to spend less than you spent last year. that is

thank you, emily benson. _ now as we've been hearing, us presidentjoe biden had given the nod to supplyingescalation. shortly after the announcement, my colleague sumi somaskanda discussed us presidentjoe biden's announcement with richard haass, the president of the council of foreign relations. he shared his reflections on the announcement. throughout the last 16 months orso throughout the last 16 months or so the west has also mean debating with itself. should we give ukraine this all that ever more capable piece of equipment. may it be too much for putin and the russians, what might the russians do in retaliation or escalation? what i am glad to see is that whether it is tanks or aeroplanes we give ukraine the capability it wants and needs stop i cannot sit here and predict if this would be militarily decisive, it is quite possible it will help ukraine but also possible even after another six months of fighting that the battlefield will look an awful lot like it looks now in which case the conversation about what next and in particular what about diplomacy will come to the fore. ., ,,.

wejust heard from presidentjoe biden, thoughts from officials in the uk.s was similar a bill that was brought in 2014 that was ultimately struck down. do you have any hope that maybe ugandan leaders will listen to the likes of presidentjoe biden and repeal this law? we are so... i personally am so positive, because right now we have a team that is going to challenge the act in the court. and they have already put there the petition, and we are willing that it's successful in the courts of law, because the team is big and very knowledgeable. and we think everything will go well, hopefully. what has your experience been like as a trans person in uganda? of course, my experience as a trans person in uganda hasn't been good. there is a lot of discrimination in the lgbt community in general. ever since this bill was tabled in parliament, the situation hasn't been good. there has been a lot of attacks on the transgender community, mostly on the transgender community, because we are like the faces of the gay community. so a lot of attacks have been done on the tr

firstly, we have seen speedy congratulations from us presidentjoe biden, sentiment is echoed as well prime minister rishi sunak. both emphasising the fact turkey of course has this relationship as nato partners as well. what do you make of that?— you make of that? thanks for havin: you make of that? thanks for having me — you make of that? thanks for having me with _ you make of that? thanks for having me with you. - you make of that? thanks for having me with you. it - you make of that? thanks for having me with you. it makes sense because this was a free election. people will argue whether or not it was fair, because as the package just now described, the government in power has so many advantages, economic and media advantages. but at the end of the day, turkey remains not only a nato member state, turkey remains not only a nato memberstate, but turkey remains not only a nato member state, but one with the second largest military, and really quite compelling important strategic position on the map. if you look at the map, turkey border syria, iraq, iran, armenia, azerbaijan, georg

we had kevin mccarthy and president joe biden - and presidentjoe biden signalling that a little bit, o the members earlier, there was a meeting with kevin mccarthy and republican meeting today and joe biden will be meeting with democrats tomorrow on a limb call to get that deal passed. —— tomorrow on a zoom call. last hour we took a closer look at the deal. we wa nt we want to get more on this deal. we bring in the �*washington post�* reporter and joel rubin, is serving food the obama legislation. first of all, thank you forjoining us on this late hour and what is a holiday or memorial day weekend in the united states. many lawmakers thought they would be getting a week and often it doesn't look like that is happening! thank you for joining us. starting off, asking each of you, leanne, what was your reaction when he started to hear the details that may be in this framework agreement? we that may be in this framework agreement?— that may be in this framework agreement? we are still going throu~h agreement? we are still going through the — agreement? we are still going through the detai

presidentjoe biden and speaker kevin mccarthy say they have come to a deal, in an agreement to raise

us presidentjoe biden is holding further talks with the republican house speaker kevin mccarthy as theyth have reached an agreement in principle on a new government debt limit, ending weeks of wrangling. democrats and republicans have untiljune the 5th to approve the deal and prevent the us government running out of money. president biden described the agreement as a "compromise", while speaker mccarthy said it "was worthy of the american people". in an interview with fox news sunday, mr mccarthy also said he expects the agreement to attract support from a majority of house republicans. let's hear what he had to say. 95% of all those at the conference were very excited, but think about this. we finally were able to cut spending. we are the first congress to vote for cutting spending year over year. we were able to do this when the president said he wasn't even going to talk to us. this is really a step in the right direction. it puts us on a trajectory that is different. we put a statutory cap on only spending i% for the next six years, so we let government grow, but at a slower rate. w

us presidentjoe biden confirmed that the us and its allies will help train ukrainian pilots to fly western like the f—16, which president zelensky had long called for. biden also promised to support ukraine with more ammunition and armoured vehicles, partly as a demonstration of western resolve. we will not waver. putin will not break our resolve as he thought he could two years ago, almost three years ago. we're going to continue to provide economic, humanitarian and security assistance to ukraine so it can stand strong as long as it needs it. meanwhile, president zelensky thanked world leaders for their enduring support at the end of the summit and said that russia's defeat would result in lasting world peace. he also insisted that russia does not occupy the embattled city of bakhmut, after conflicting claims over who is now in control. our diplomatic correspondent james landale has more. for more than eight months, in what's now the longest battle of this war, ukrainian forces have defended bakhmut. the eastern city is now largely in ruins and largely in russian hands — in particular in

later, mr zelensky will address the leaders and is expected to meet directly with presidentjoe biden., french president emmanuel macron said zelensky�*s presence at the g7 is a "way to build peace" and emphasized the need for a solution to the conflict based on international law. and new comments from german chancellor olaf scholz, who said training programmes for ukrainian pilots on f—i6 fighter jets are a message to russia that it should not expect to succeed, even in a prolonged conflict. well, those scenes at the g7 come as russia claims its troops have fully captured the ukrainian city of bakhmut. kyiv denies that but, if true, it could mark an end to the longest and bloodiest battle of the is—month war. russia has been trying to take bakhmut since last year in a grinding war of attrition. and in the last few hours, the russian news agency interfax has said president putin congratulated his troops for capturing the city. earlier, ukraine had said its units were still fighting in the city, while french president macron "remains cautious" about the developments. live now to the bbc

us presidentjoe biden is on his way to japan as he embarks on a trip to the g7 summit.ll, but will instead return early for high—stakes negotiations over the us debt ceiling. the gathering in hiroshima takes place amid rising tensions between the west and china, particularly over taiwan. during the summit, japan's prime minister, fumio kishida, and his british counterpart, rishi sunak, will sign a new defence pact to deploy a uk carrier strike group to the indo—pacific in 2025. (pres)0n those debts talks — the white house and congressional republicans have appointed a new set of negotiators, injecting fresh hope into talks to raise the debt limit. kevin mccarthy — the speaker said a deal with was �*possible' by the end of the week. without a deal, the us could default on its $31.4tr debt as soon as the 1st ofjune. earlier i spoke with ed 0'keefe, senior white house and political correspondent at cbs news. so let's talk first about the g7, about the g7, because president biden�*s cutting his trip short. he was supposed to go to papua new guinea and australia, and he's co

us presidentjoe biden and speaker kevin mccarthy say they have come to a deal, in an agreement to raise the debt ceiling after weeks of bitter negotiations. now both sides need to convince members of congress in their own parties for the legislation to be approved. the bill is seen as a compromise by some members of both parties, and has been criticised by hardline republicans and progressive democrats. this is president biden addressing journalists a short time ago. we have reached a bipartisan budget agreement and now we are ready to move to the full congress. i think it's a really important step forward. it takes the threat of catastrophic default off the table and protects our hard—earned and historic economic recovery. it also represents a compromise that gives no—one everything they want, but that's the responsibility of governing. this is a deal and it's good news, i believe, for the american people. the agreement prevents the worst possible crisis, a default for the first time in our nation's history. the two parties have untiljune 5th to reach an agreement to prevent the us gov

last summer, us presidentjoe biden signed the chips act that threw billions of dollars in subsidies anding business. staying with microchips, the tit—for—tat between the us and china is heating up. the chair of the us house of representatives' committee on china says that the commerce department should put trade curbs on chinese memory chip maker changxin memory technologies after beijing earlier this week banned the sale of some chips by us—based micron technology. lets go to katie silver in our asia business hub in singapore. good to see you. what is the latest on this?— latest on this? that's right, so many — latest on this? that's right, so many have _ latest on this? that's right, so many have been - latest on this? that's right, so many have been waiting | latest on this? that's right, l so many have been waiting to see whether or not washington may take retaliatory action this is the first we have heard. as you say, it came from the republican lawmaker mike gallagher, the head of the us of representatives committee on china. he has typically taken a very tough stance. he said the

us presidentjoe biden called for the bill to be immediately repealed, saying in a statement...d the law. it stipulates what it calls the offence of homosexuality and it's as if anyone is caught engaging in same—sex acts, they might face life imprisonment. it also describes the death penalty in cases where there is sexual abuse, for instance, and it involves a minor or somebody who is vulnerable in one way or another, may be disabled, but also in cases where the victim, for instance, ends up getting infected with a lifelong illness. it covers areas like promotion of homosexuality which means that if you run an ngo or a local organisation that promotes the rights of sexual minorities, you could end up in prison. it also compels mothers at the public to report instances where there is sexual abuse and children have been involved in any kinds of same—sex acts involving minors, members of the public are compelled to report that to the authorities. we have some breaking news out of miami, florida in the u.s.cbs news miami reports local police have responded to a gunshooting monday ev

let's start in the united states, where presidentjoe biden says he feels confident in getting his debt ceiling deal passed. both the president and kevin mccarthy need to get their parties to back the agreement, that includes compromises like putting a cap on spending for the 2024—25 budgets. washington has until june 5th to pass this, with the president saying he sees no reason why they shouldn't make the deadline. look, you know i never say i'm confident, but i feel very good about it. i've spoken to a number of members, i've spoken to mcconnell, i spoke to a whole bunch of people. and it feels good, we'll see when the vote starts. look, one of the things that i hear some of you guys say is, "why didn't biden say what a good deal this is?" why would biden say what a good deal it is before a vote? you think that'll help it get passed? no. katrina els told me earlier that investors around the world are welcoming the news. so i think we've seen a collective sigh of relief coming from international markets as a result of this tentative deal breaking. i think it really cements the fact tha

the bank's board of governors has elected him after he was nominated to the post by presidentjoe bidene departing world bank chief, david malpass. spain is known for its many bars. in fact the country has 280,000 of them, according to official statistics, and such is their importance that the country's parliament has agreed to debate a proposal to make borrowers in small towns and villages eligible for special subsidies and benefits. this report from central spain. the rural heartland of central spain. after decades of migration towards cities, these vast agricultural reliant areas of the country are sparsely populated. they've become known as emptied spain. the divide between rural and urban is more pronounced here than in most european countries. 90% of spaniards inhabit larger towns and cities. the rest are here. bell nearly half of spanish towns are at risk of depopulation. among them, this one in the aragon region, population 36. as is the case in so many villages, the bar is the heart of the community. translation: it is a place for people to gather- because otherwise you wouldn'

the expected engagement comes after us presidentjoe biden said at the g7 summit in hiroshima this pastcus is on de—risking confrontations with china, not de—coupling. in this context, de—risking is meant to be a slightly more moderate approach to reducing reliance on trade ties with china while protecting national interests and technological advances. earlier, i spoke to frank lavin, chief executive of export now and a former us ambassador to singapore. he told me any meeting between the officials would be a good gesture. i think it is an important gesture, and a useful meeting, but businesses are all recalibrating their china exposure, in part because of the political tensions, and in part because chinese economic growth is slowing down a bit, but, look, it is still the number two market in the world, so our businesses have to take china seriously. the new term that came out of the g7 summit is de—risking, what are the main issues to be discussed at this two day meeting? i think from the chinese side they were unhappy with the extra tariffs president trump originally imposed and presi

presidentjoe biden. i should say thatis presidentjoe biden. back in 1953, the coronation of queen elizabeth, the second, then president eisenhower also politely declined the invitation and said a us delegation was sent. it's the same this time around, and that delegation is being led by the first lady, already in london, been seen with some school kids wearing paper gold crowns. some soft power diplomacy going on there as well. summary of us star power, lionel richie, katy perry who will be singing at the coronation concert for the king as well. now, in terms of who will be watching from the us can ably take a look back at 1953 then, 32 million americans tuned and, and the tape had to be flown from london to the united states so that the american networks could show it. �* , , ., that the american networks could show it. �* , i. that the american networks could showit.�* , show it. briefly if you can you're touched on _ show it. briefly if you can you're touched on this _ show it. briefly if you can you're touched on this earlier, - show it. b

on tuesday, representatives of us presidentjoe biden

fresh from the g7, us presidentjoe biden will meet with republican house speaker kevin mccarthy lateor another round of talks on the us debt ceiling. there are less than two weeks before the us might be hit with the default. early on sunday the treasury secretary said that june the first remains a hard deadline. if the debt ceiling is hit, washington could run out of federal funds to pay its bills. the indian central bank announced it would be withdrawing the highest value notes in circulation even though it will remain legal tender. let's bring in our correspondence has been monitoring the situation. why are they doing this?— are they doing this? these notes were _ are they doing this? these notes were brought - are they doing this? these notes were brought in - notes were brought in temporarily by the reserve but 2016, about 86% of the indian currency was de—monetised overnight and these high denomination notes were essentially brought in to replenish the money that was gone, but now in the system there is enough of the lower denomination notes and that's why the reserve bank has g

fresh from the g7, us presidentjoe biden will meet with republican house speaker kevin mccarthy lateor another round of talks on the us debt ceiling. there are less than two weeks before the us might be hit with the default. early on sunday the treasury secretary said that june the first remains a hard deadline. if the debt ceiling is hit, washington could run out of federal funds to pay its bills. elsewhere in asia will get fresh inflation data from parts of asia including singapore and japan. many central banks in the region have raised interest rates to deter inflation, marine moves by the us fed. daniel murray of efg asset management gave us his expectations earlier. i don't think there will be major changes in the japanese inflation data. the big challenge injapan is the fact that core inflation has been trending higher and that is something i am sure that policymakers will keep a close eye on. in singapore it has followed a similar path to that which we have seen in the us and europe, namely the headline inflation has rolled over and we expect that to continue, but that core in

the headlines: presidentjoe biden says sanctions may be imposed on uganda after new anti—homosexualitysh with serb protesters. poised to become the youngest prime minister in thailand's living memory, we speak to the reformist leader about living memor studio peak living memor studio in ak singapore, this is bbc news.

on tuesday, representatives of us presidentjoe biden and congressional republicans met again on capitolt to come to an agreement on raising the govenrment�*s borrowing limit, or risk the us not being able to pay its bills.

to extract demands like cuts to affordable housing or other social security spending, but us presidentjoe biden way!" "you need to pass this legislation with no strings attached." so house the two warring political parties go to try muckatah up at the clock is ticking. the us government could run out of cash as cash as early as 1 june, so what are the possible consequences? for starters people who work for government agencies won't get paid and those getting social security benefits will get their money, either. financial markets would fall and thousands ofjobs fall and thousands of jobs could fall and thousands ofjobs could be lost in the immediate aftermath, but the most dire consequence would be investors losing confidence in the country's ability to pay the interest on its debt, which comes in the form of treasury bonds, which are seen as one of the safest places to put your money, and that would quickly shatter the world's confidence in america. fasten your seatbelts! samira hussain there. and it's notjust the debt ceiling that is rattling washington, as the ongoing regional banking crisis

after weeks of negotiations, us presidentjoe biden and republican kevin mccarthy agreed to a deal to prevent the country defaulting on its debt. treasury secretary janet yellen warned the us could run out of money byjune the 5th. over the weekend joe biden and house speaker mccarthy agreed in principle in a deal to raise the debt ceiling but wall street has seemed less convinced, trading lower this week as investors remain cautious. us treasury also feeling the pressure with yields for ten year and two—year bonds falling. the bill as written restricts any new spending for the two years, which would cut the deficit by 1.5 trillion over ten years. it includes new work requirements for older americans receiving food aid and it suspends the debt ceiling on two january 2025, after the next presidential elections. there are few lawmakers that likely final package but the economic consequences of not raising the debt limit could be catastrophic. not everyone is happy with this bill, but most members, as we are seeing so far, looks like they might get this over the line and approve the house

presidentjoe biden says he is confident about reaching a deal with republican leaders to avert a us debtt with some breaking news tonight — the wall streetjournal is reporting that deutsche bank will pay $75 million to settle a class—action lawsuit brought against the company for faciliating financierjefrey epstein�*s sex—trafficking ring.

last summer, us presidentjoe biden signed an act that drew billions of dollars in subsidies and tax dollarshe domestic chip—making business. staying on the topic of chips, the us top democrats say that by station is acknowledging its allies and businesses to address china's back ban on sales of memory chips by american manufacturers micron. beijing has accused the firm of filing a security firm. this meant operations of key infrastructure would not be able to buy chips from the company. earlier i spoke to ray wine of consolation research and he explained the impact this would have on micron. micron doesn't have that much of a share inside china but main point the is we are in a titfor main point the is we are in a tit for tat war that basically the cac, the cyberspace administration in china is saying we have seen some security risks, but we coloured claim what they are. we are about to get a tap on the us side when the smt, a leading maker of other chips in china, which would be the biggest beneficiary of micron pulls out of china, we are seeing mike gallagher come in and say, we should ac

us presidentjoe biden spoke about the debt ceiling negotiations before leaving for the g7 summit injapan, a trip he is cutting short to get back to washington to continue the talk. i made clear that america is not a deadbeat nation, we pay our bills. the nation has never defaulted on its debt and it never will. we're going to continue these discussions with congressional leaders in the coming days until we reach an agreement. president biden and congressional leaders have agreed the country will not default but the consequences would be dire for the american economy and all sides are confident that they will be able to get a deal done. but negotiations are getting down to the wire and that kind of uncertainty is never good for financial market. that us debt ceiling may be part of the discussion as the leaders of some of the world's richest nations meet for the g7 summit in the japanese city of hiroshima this friday. along with the us economy, the war in ukraine, the global recession and issues of artificial intelligence are likely to feature as well. this is an interesting grouping of co

us presidentjoe biden even had cut short his asia—pacific itinerary due to this.'s bring in nick marsh. this is somewhat of the last addition i guess to an already very jampacked agenda that those leaders had to discuss. really jampacked — leaders had to discuss. really jampacked agenda _ leaders had to discuss. really jampacked agenda but - leaders had to discuss. really jampacked agenda but this i leaders had to discuss. really jampacked agenda but this is| leaders had to discuss. really i jampacked agenda but this is an important item. you are talking about the potential of a breakthrough there but the fact that president biden even has to go back to washington, cut short trips here in asia, to papua new guinea and over to australia, that is significant in and of itself in the first reason is that because the us economy, despite all the talk of chinese economic coercion, and the ramifications for sanctions on russia, the us economy could also pose a threat to stability in terms of the global economic order. we sent bank collapses there, we've been talking about

presidentjoe biden tweeted a link, he said, here is a link that works, and he put out a link that ledto his own presidential campaign. to his own presidential campaign-— to his own presidential camaiun. ., a, campaign. reporting from miami, our north america _ our north america correspondent... ron desantis correspondent... ron desa ntis is correspondent... ron desantis is officially entering a republican field dominated by one man, former president donald trump. here is the latest data. a poll today by cnn showed that donald trump has a big lead, 53% of conservative voters prefer him as their top choice. the governor desantis in second with 26%, nikki haley and then tim scott trailing in the single digits. just a note, this poll was conducted before ron desantis and tim scott had officially declared. joining me now, a republican congressman from florida. we also have debbie, the current congresswoman in florida. and in the studio, christian horner, a reporter with bloomberg covering the republican campaign. thank you so much for being with us. i want to get some reaction to that twit

presidentjoe biden says he is confident about reaching a deal with republican leaders to avert a us debtom scientists on climate change: the world will almost certainily experience its hottest year on record within the coming years.

us presidentjoe biden even had to cut short his asia—pacific itinerary due to this. bring in nick marsh. i guess if they didn't have enough to talk about to begin with, this is the latest addition to what they have to discuss? . ., ., discuss? yeah, add it to the list. president _ discuss? yeah, add it to the list. president biden - discuss? yeah, add it to the list. president biden has - discuss? yeah, add it to the | list. president biden has got discuss? yeah, add it to the l list. president biden has got a lot on his plate and we know that he is going to be leaving straight after this g7 summit, flying back to washington to try and avoid a government shutdown over the us debt ceiling dispute. we have heard that there could be some kind of breakthrough there, the developments have been positive in the last couple of days but it does highlight a couple of things as pertains this meeting of world leaders here in hiroshima. the first is the fragility, may be, of the us economy. we have in talking about worries of ukraine, china's economic influence here in the region

the us senate its top democrat said he and presidentjoe biden administration were engaging allies andto address china's ban on sales of memory chips by the american manufacturer micron. the moved by china cyber regulator came after beijing accused the firm of failing a security review. earlier i spoke with constellation research. he explained the impact this would have on micron.— have on micron. micron doesn't have on micron. micron doesn't have that _ have on micron. micron doesn't have that much _ have on micron. micron doesn't have that much of _ have on micron. micron doesn't have that much of a _ have on micron. micron doesn't have that much of a share - have that much of a share inside china but that my main force is where in a tit—for—tat war basically the cyberspace administration in china is saying we've seen some cure rarity rest but we can explore what they are. we're about to get on the us side when a leading maker of chips in china, which will be the biggest beneficiary if micron pulls out a child is not allowed to be used, what we're seeing mike gallagher come in and sa

but us presidentjoe biden says, "no way, you need to pass this legislation with no strings attached."off to the white house the two warring political parties go to try and work it out, but the clock is ticking. the us government could run out of cash as early asjune 1st. so what are the possible consequences? for starters, people who work for government agencies won't get paid and those getting social security benefits won't get their money either. financial markets would fall and thousands ofjobs could be lost in the immediate aftermath. but the most dire consequence would be investors losing confidence in the country's ability to pay the interest on its debt, which comes in the form of treasury bonds, which are seen as one of the safest places to put your money, and that would quickly shatter the world's confidence in america. samira hussain in the united states who will keep us up—to—date on those talks. the chairman of supermarket giant tesco has strongly denied claims that he touched women inappropriately on two separate occasions. a report in the guardian newspaper alleges thatj