u. k. like in hong kong, which was ruled by britain until being handed over to china in 1997 bryan on owns house of men, a memorabilia shop. ho, why mean what hong kong people miss is not only the queen, but the time when hong kong was under her rule hunger. it was during the british colonial time when hong kong developed to become the metropolitan city waitlist meets west or so i think there's a sentimental feeling towards the queen, which was more than her as a ruler. it's the feeling towards hong kong, colonial past angle. hong kong aust continues all joya with beijing's clamp down the city and his broad democracy protests. many hong kong as share the feeling and are more than happy to pay for anything to remember. the queen prince pens or even silver coins like this customer. also, i feel very sad. i know the queen was an important figure for hong kong people. i will miss her. and a reminder of the top business story we're falling for you this hour. you commission president ursula banner lan

u. k. like in hong kong, which was ruled by britain until being handed over to china in 1997 bryan on owns house of men and memorabilia. shop ho, why mean what hong kong people miss is not only the queen, but the time when hong kong was under her rule, how long it was during the british colonial time when hong kong developed to become a metropolitan city wide east meets west. so i think there's a sentimental feeling towards the queen, which was more than hers, a ruler. it's the feeling towards hong kong. colonial pastor can go home. gong us, continues all join them with beijing's clamp down in the city. and it's broad democracy. protests, many hong kong as share the feeling and are more than happy to pay for anything to remember the queen, prince pens or even silver coins like this customer. so i feel very sad. the queen was an important figure for hong kong people. i will miss her, i go that's it for me and the dw business team, you can find out more about these and other stories online at d, w

that sounds like a bounce, a concert fiscal policy. in addition, the u. k. has unfunded liability, you know, like the think about the health care service service, national health service and u. k. it state control. the prices are pretty, you know, pretty well fixed are time sensitive, not arise, much faster than other prices and much faster than real economy and u. k. in the u. s, we have health care prices going out. that was due for. ready decades now, our long term fiscal situation is much worse and that in the okay, we have the same debt to g d p ratio. but our social system, our pension system, is much worse and long term shape. our health care system is a much worse long term shape in terms of funding. so who are we to say that this, the u. k is acting like the a developing country? if you really look at everything comprehensively, like a good economist, would you say the u. s. is much worse long term fiscal shape than the u. k. therefore, reacting okay, well, so hold on. so this was david mouth speaking the head of the world bank, and he, he mentioned

so this looks like the u. k. as in great tom, all headed into recession. this looks like absolute incompetent economic policy. 5 prime minister who's been in place 3 weeks. david, you're already answering my 2nd question i was going to ask is the worst over, but it sounds like what was done by the bank of england only solves an immediate problem of these insolvency is well, they're going to run. yes, exactly. they're going to run oceans every day. they're going to try and keep track of that. and they talked about perhaps doing something by the end of november and the bank being talked about, oh, we'll do something next week in november. well, i wouldn't believe a word of wearing crises such that market. a move in by the hour is going to be more interventions necessary. the question is, where are we going from here? i suspect we're going to have to c major action by the end of this week, and we might have to see it by tomorrow. so hold on the question, what will you do? in other words, the bank of england alone won't be able to answer these problems that we'

coverage that like of course it is it, this is a one of like the biggest news to day in hong kong because people feel so connected with on the u. k. and also the queen herself. but then because of the political climate here and also kind of like a sensitive matters of covering about the new k r royal family that some of the media like here to have some self censorship that i've heard from some of their friends from on the news remarking in hong kong, they said they, some editors like have to sell sensors, some off the new cartridge, to tune down on the cartridge and not to lay play a to bake it can you describe for me in more detail that connection there at the u . k. in the monarchy, especially for the older generation i, as hong kong had been like a late and that british war for over a 150 years. and, and the most important era that is to post war era was under, or the ring after queen elizabeth and are interestingly, they people in hong kong called the queen as, ah, that the boss lady that is the nickname given to the queen by the general public dallas like a cantonese neck name so so, so we can see what a sense of lay special

u. k was really like, you can keep your, your car. so as you can keep your crowns and you can remain king or queen, but you've got to stay out of our parliamentary democracy and that's that was the original deal. he's been quin activist, prince prince of wales. he wrote a lot of letters to certainly the blair government and the 9th ninety's and was advocating trying to push ministers into making policy changes on subjects that he cared about. that will have to stop now. he has acknowledged that. it'll be interesting to see whether he cannot she follow that through his mother. the queen is credited with, you know, keeping the monarchy alive even throughout the most tumultuous times. now the u. k . is once again in various crises, does he have what it takes to keep the country together to keep his kingdom together? yeah, i don't know whether it's really his job. like i said, he's really the kind of the picture he's, he's supposedly supposed to be really just a decoration on the cake of the british constitution, which should be run by th

u. k. was really like, you can keep your, your car so you can keep your crowns and you can remain king or queen, but you've got to stay out of our parliamentary democracy and that's, that was the original deal. he's been quite an activist. prince prince of wales. he wrote a lot of letters to certainly the blair government and the 9th nineties and was advocating, trying to push ministers into making policy changes on subjects that he cared about . that will have to stop now. he has acknowledged that it will be interesting to see whether he cannot she follow that through his mother. the queen is credited with, you know, keeping the monarchy alive even throughout the most tumultuous times. now, the u. k. is once again in various crises, does he have what it takes to keep the country together to keep his kingdom together? yeah, i don't know whether it's really his job. like i said, he's really the kind of the picture he's, he's supposedly supposed to be really just a decoration on the cake of the british constitution, which should be run by the parliament. we should be run by the government. we hav

u. k. primarily about energy bills. she will, may be touching on her plan to try and relieve the massive stress on families throughout the u. k. that is likely to be a freeze on energy bill caps in the words that they stay at the price. they are now, and they won't increase, and that could be for 18 months, according to media reports, this will take place, as i say, and in downing street quite possibly within the building bearing my as a storm heading this way. earlier boris johnson did his farewell. that was very early in the morning before he too flew to aberdeen and supermodel castle where the of his resignation or was given in front of the queen. he was there for 40 minutes or in that speech before he left, and he was pretty bitter, a pretty lip. it covered it up very well, but inwardly angry, i would say. and he said that he wished the new prime minister very well, but he then used an analogy about her a relay race saying that he passed the baton on to the next prime minister. and that was, that was that he wished all the best, but that the rules in the race had changed midway through you there a reference to the stab he had in the back

u. k. heading under her leadership, where she going to go on issues like china, for example, ukraine. the relationship with russia very is equal to addiction in the basin to for global britain, and the distance that the news trucks and numbers. and because we have taken from the closest neighbor, they're more intimate trading partner in the european union. so they're, they're all to go by breathing, certainly goes through europe. and then if, if please trust ease to be true to that vision. the 1st thing that you should do is ensure close and constructive relationships with a european union in europe and nation say. and you can record that probably now has been relatively poor, about breeding as a whole, highly indicate agreements. anybody the agreement has actually signed. we're just rolling over existing agreements that the j enjoy as a member of the european union. and those new trade agreements were far from beneficiary for the gauge self. so record was poor and fees to continue down the v 6. intellectually dishonest and effect her position. a global future exist far away from the

u. k. measures will likely increase inequality. in other words, the i m f says that the treasury is now acting at odds with the bank of england. cussing taxes may further fuel inflation as it boost spending. well, the bank of england is raising interest rates to slow expenditure down off the tax cuts. the nouns may be british pound, felt we're 40 year low against the us dollar, meaning oil and gas import could become even more expensive. the move box and guess on opposition. parties with labor calling for parliament to be recalls. take a look around britain. they haven't just failed to fix the roof. they've ripped out the foundations smashed through the windows, and now they've blown the doors of a good measure. this isn't bitcoin, it's the british pound. the tories are recklessly gambling, not with their own money, but all of ours. the tories have crashed. the pound fanned interest rate rises, piled on debt mountain, all well rewarding. the bankers who have shorted the pound and given tax cuts to the wealthiest. no wonder support

u. k mourns, it's like monarch is also facing a cost of living crisis. millions of people are affected by rising costs, including a surgeon, energy prices, asset base, travel to the northeast of england to speak to people about the challenges they're facing. once an industrial hub for steel t side has seen better years, the northeast of england, like the rest of the u. k. struggling with the cost of living crisis. more than 2000000 people in the country use food banks. and in t side, food banks told us they've been very busy, i called says the cost of death is forced him to stop heating his home. he is well known in this town. his dog everywhere he goes whistling by him might weigh ruth law because that she bought the last shot into that you think it's a waste and got like most people he's been watching the media coverage of the queens. yeah. yeah. the spend a lot of money a lot. that's the i have respect to like bull. it's like you've been a little bit more like as well. so money. yeah. with the money all at the clubs may i bit more people are small businesses in the town are also strugg

u. k. july. she looks like this is getting worse and worse and worse poor right now they're on lower incomes. they're struggling initially with the heating and all their bills. everything is going up. why would they be cutting it for the people in the higher income wreckage ridiculous? london is getting worse, things getting worse, to be honest. you could argue that it's a good strategy because a tract sort of business is to come in or set up to establish reason in london. so to that extent brought up, perhaps that is a good decision, but on the other hand, again is going to reduce the overall say for instance, the money that can be a locker allocated to relative benefits. st. hosting is going to be a challenge. but yeah, i yeah, it's good to have a mini boucher, i just wish that during this time with national crisis that we were spending a bit we were a nuisance to meet. yeah. what does that mean for me now? and then some of the fun things i was just at covent garden and walking along the shops there and deliberately not going in from places. maybe i'll go back that to big plus. that's a big

it's no surprise them that much of the western world like the u. k. and the you have been following similar strategies, and there's great potential for natural gas elsewhere. you move to a country like china or india. black coal plays a huge role in the energy economy. they haven't really gone through that told you, gosh, which yet, gosh, that can grapple play a role as i feel like is a bridge view to a d carbonite feature. but all that is only half the story because there's one big problem with gas that those in favor of it don't like to talk about much move simply speaking, once gaskets extracted from the ground, it goes into a refinery. west processed. ready from there, it's distributed usually by a pipelines to power stations, homes or businesses, or it gets cooled down and turns into l. n. g liquefied natural gas, and then shipped around the world. and at every single one of these steps, methane can escape into the atmosphere. mm. methane as a greenhouse gas, that's 80 times more powerful and warming the planet than c o 2 or a 20 year period. it's

but do countries that entities when for taxes like in the, in the u. k, as we've been hearing about spain, did they not risk deterring investment in their own economies from big businesses who might at some point stand to make very large profits oversee. that's what the big businesses and they lobbyist when you think you don't scare the whole system or anything that might push off the business investment. but actually, you know, they, you know, and we know that that's not how it works. what really matters for business investment is the stability as they look ahead. is this a country with reasonable economic prospects, or is this a country that's likely to be in chaos, to be very unstable? as long as you're, when for tax is clearly part of a strategy where the government is committed to stabilizing the economy, to protecting people and their ability to consume in the future, which is where economic demand comes from. then actually when full taxes should be supportive of the conditions for future investment. and as i say, winful tax is because their taxes

u. k. general has worked well with the you on issues like support for ukraine, for example. the e right now as a whole is trying to find common ground and means of capitalizing these energy prices across the block. can they work with a u. k. on this, there is genuine desire for acute brushes in capitals across the continent to cooperate with a huge because as you pointed out, the challenges we are facing common and they require a joint reaction. and which is why also it's imperative that, that this trust and you prime minister at adoption motor, conciliatory and constructive on duty and share election campaign. even those who was trying to appeal to and not all section of the relation at people who are paying close attention to your liking most speak english and describing the president of france are supposed to be full and also communicating fairly good for a patient and message is when it comes to the you hasn't been helpful that has really made people have a low expectations and it will make cooperation harder. so it's imperative that the soon at least try to communicate

u. k. no, it certainly is. and there like the rest of the u. k. a lot of people of tens of thousands laying flowers over the past few days. and of course, that distinction about the northern ireland goes like this. there's a division politically, ethnically, religiously, in this country. it's a quarter of a century since there was peace after the 30 year conflict. and then, of course, a whole series of attempts to heal the divisions. and now the royal family were involved in that the queen especially shaking hands with martin mcguinness, a former i r a leader back in 2012. that made a massive difference to the way britain del with ireland, the commitments by republicans to actually stay peaceful and then develop and now an extraordinary political development. we have our, the shin fame, which was once the political wing of the ira and the biggest party and it's vice president. and now the 1st minister designate here, now she originally st. condolences. she's wearing back black when she actually made those condolences and the speech in support of th

palestinians are also among, with that the said i had an al jazeera, a bad idea what the real world is like the u. k. new government passed one veil and emergency budget to help in the con, me, hon. hit by inflation and energy costs holes in the crossfire. how fighting in me and maurice spilling over into bangladesh. ah well, after an endless summer, it looks like it's getting really quite cold. in contrast, in these planes, in the us nuts, cold air normally when she'll drop temperature by anything up to 10 degrees in these stays. and the mountain west will see the rain moving eastwards and that'll develop just to follow in to emphasize the change. but obviously your eyes are drawn to fiona and fiona. hearken, currently cask reform still to the west of bermuda. by this weekend will be affecting the canadian maritime and particularly nova scotia. and it could still be the equipment or category seek 3 hurricane by this time, certain going to be to might be stronger of potentially devastating storm, but more of that. and they are the time that's drops as a potential development circulation. they're hin

in that case, politicians idea of what we don't as like the u. k. new government prepared to unveil emergency budget to help an economy hard hit by inflation and energy costs. in the coming hours, moscow bank separatists in ukraine will hold votes on joining russia. balancing will take place in full separate regions held by russian forces in the south and east haven. it's west and allies say, for a sham come off. the russian forces suffered significant battlefield losses in ukraine's recent counter offensive. well, since then, president vladimir hooton's announcement that $300000.00 new troops will be mobilized, sparking protests across russia. hundreds of people have been detained in dozens of cities. traffic has surged that land borders and almost all flights out of moscow appear to be fully books. people attempt to leave the country to understand the potential impacts of the referendum in eastern southern ukraine. it helps to take a look at the map of the region. this is what it was in 2014, before the conflict began. later that year, russian for

u. k. monarchy let's bring in alan fisher. he's watching it for us. i'm a, like i said, a historic moment, and every part of this funeral has been steeps in historic procedure. tell us a little bit about the meaning of that specially for international view is watching senses and old being moved in him being sun it really does mark something that historians will talk about when we are long gone about the end of the modern, elizabethan age, 70 years on the throne for elizabeth, when so much changed from 1952 when she ascended to the throne. when there was the remnants of an empire which developed into a very small commonwealth and then became a very big family of nations. certainly there were the trappings there that you would expect to see as the coffin was carried up the steps, you could see the state cro in the or been the sept of the instruments of state and they were slowly removed and placed on the altar. they of course, will be probably returned to the toad of london, where they will remain until a date is fixed for charles is, ah, or in coordination. a depe

u. s. and albania were the ones who came up with the resolution that drafted the resolution. but other countries, like the u. k and france were strongly on board with this resolution. there'll be a little bit upset. i think that china, of course, abstained. we were expecting china to abstain, but there were 3 other members of the security council who abstained. this next goes to the general assembly. i think some of the supporters of ukraine, we worried that a similar thing might happen at the general assembly. they'll be more people abstaining. more people who are not positively on ukraine's side against russia. or earlier, president putin join thousands of people at moscow's right square for a public celebration after formerly claiming the ukrainian regions as follows, referendums denounced as sham vote by the international community. in response, ukraine has formerly submitted a fast track application to join nato. will russian missiles have hit a convoy of ukrainians trying to bring back family from occupy territories? at least 30 people were killed in the city of zap erasure. breaking news here now in a b

u. s. thing, thanks saying that the europeans, especially the west european nations like in germany, france the u. k. been airlines and others. one of the best way to cope with lack of energy are that as a result, it from the war in ukraine is that they migrate to warmer lance, like saudi arabia or india or elsewhere and come back home when it's summer time. so when they're experts speak of such solutions, you may guess what is waiting for them. all right, fair. martha. confession, foreign policy analyst and public diplomacy strategies. thanks for joining us on the program. always a pleasure. thank. now, with winter drawing near europeans are on the lookout for new ways to heat their homes. as the absence of cheap russian gas causes a bigger headache for many than 1st anticipated sales of fireplaces, firewood, and wood burners have shut up in spain. as many people go into survival note, the surgeon demand has caused prices to skyrocket. leaving many of those previously reliant on the most basic form of heat in the cold. we believe that our clients are asking for a bit more firewood and people who di

i think any impacts on inflation is likely to be tempered by the fact that already, even given the fact that we've seen a big spike in energy prices, in april u. k. consumers are already feeling the page if you bring in the school majors right now, that will stop that fiscal pinch getting any worse, but it's likely that fuel inflation. ok. so some of the actions that trust could take could help to avoid that. but we'll have to see how she does, michael houston. thank you very much for that. stacy on was staying on energy opec and its allies of agreed to a small cut in oil production to bolster prices. as despite calls from several western governments to increase supply to ease inflation caused by the global energy crisis. benchmark brent crude oil has dropped to round $95.00 per barrel of the surging to $120.00 in june. the price decline comes amid fears of an economic slowdown and recession in the west. it supplies remain tight, rushes as it will stop supplying oil to countries that support a price count on its energy supply. and let's get more on this now with energy analyst, thomas o'donnell. thank you very much for joining us. tom. people ma

u. k. through times of turbulence, like the 2nd world war and the end of the british empire, a more recent political upheavals like bricks it. i thought she was fantastic and like such a role model for everybody and that put rome did shake me. i think people have complicated thoughts about monte case and royal family and empires and things like that. i think that's okay, but she is like a really remarkable figure. you know, she's been leader of this country for so many decades, 3 much longer than a lot of people have been alive. the crown has now passed to her oldest son, who will be known as king charles the 3rd. in a statement he said, the death of my mother, the queen, is a moment of great to sadness for me. we more profoundly the passing of a cherished sovereign, a much loved mother. i know her loss will be deeply felt throughout the country, the realms and the commonwealth, and by countless people around the world. the queen's family rushed to her side when doctors said they were concerned about her health early on thursday. king charles will return to london from balmoral on friday.

if you look at it on paper and look at it logically in modern times, and in a modern democracy like the u. k. perhaps doesn't make sense, but it is something where the king now before the queen for 70 years, was above the political fray and gave that stability. and that unity to the country and get gave something that wasn't polarized by politics, particularly in the u. k. as we see things now, because you k politics in recent years has been a really, really tense and tough the battles between the political parties, particularly the battle over breck city, in this country, which was, was so hard force and was very, very close referendum. and people are still divided on it, and there are big divisions between the political parties. and remember, as you see these scenes of pageantry and these seems a commemoration done in this very traditional way that they do in the u. k. probably better than anywhere else in the world. this is the country that's going to go through very hard times of becoming months. there are going to be problems with those energy prices. the economy is really biting. infla

u. k. prime minister. been what is his belief to retain his job as defense secretary? so what do we know about the training program that he supports so strongly? well it looks like there's one thing in the u. k. that's rising faster than the energy bells, and that's a number of ukrainian fighters being trained in the u. k by western allies are reported. 4700 ukrainians have been through a training course in which the british defense minister apparently has full confidence. so what are the trainees actually learning monkey bars flaming hoop, jumping pushups. how to dazzle russian soldiers with their jumping jack skills? you know, it's without question in light of previous western training boon dog holes, which proved to be a total waste of money. in particular. remember those syrian rebels that the pentagon, the cia and their allies, trained and equipped in a fail bid to overthrow president bashar al assad. well, that training cost, american taxpayers hundreds of millions of dollars, the trainees vanished and assad is still president of syria. what resounding success. so is that going to be repeated here? that should be the big question. now this british program

and it, if they don't like the fundamentals in the u. k, that a lined up for them. well, it had to have to fund it, and that's why sterling has been on this downward path. what spooked investors was friday's announcement of the u. case. biggest tax cuts in 50 years. cuts that will be funded by $48000000000.00 in extra government. borrowing, walking between government offices flanked by an assistant, the u. k. chancellor declined to comment on the markets. turmoil counselor. what are you going to do about the term on, on the markets this morning? so i'm going to make a comment there. what it late in the to noon a statement was issued to try to calm investors. it emphasized that unlike friday's announcements, further upcoming policies due in october, november, will be assessed by the independent forecasting body. the opposition labor party is here in liverpool at its annual conference across crossings. opposite number rachel reeves port scorn on the government's policy of trickle down economics sick quasi clots, and was fanning the flames of a national emergency. it g