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Oct 13, 2023
10/23
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BBCNEWS
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we begin with a warning from the head of the world trade organisation that the war in the middle eastould have a "really big impact" on global trade flows if it speads througout the region. ngozi okonjo—iweala is in marrakesh this week for annual meetings of the international monetary fund and world bank. she told our business editor faisal islam the latest geopolitical tensions and how it could drive up prices for all, especially poor countries. we've got ourforecast down from 1.7% in april, down to 0.8%. we have already said risks were the downside when we made this forecast was down by almost one percentage point. there are number of factors, the continuing crisis in the world that we see and now of course we have the crisis in the middle east. we have the slowdown in growth in china, we also have high interest rates that have continued. we see weak demand across the board in most sectors and most geographies. that's why we cut the forecast. how much of this is actual policy? we're hearing from the west this idea of nearshoring, or income of rebuilding supply chain away from east a
we begin with a warning from the head of the world trade organisation that the war in the middle eastould have a "really big impact" on global trade flows if it speads througout the region. ngozi okonjo—iweala is in marrakesh this week for annual meetings of the international monetary fund and world bank. she told our business editor faisal islam the latest geopolitical tensions and how it could drive up prices for all, especially poor countries. we've got ourforecast down from 1.7%...
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Oct 13, 2023
10/23
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the world trade organisation warns that only doing business with our allies will put up prices for everyonethe world is predicated on free—flowing trade based on rules. if you have fragmented trade, becomes more costly and inefficient and poor countries lose out. also coming up, stepping up a gear. workers walk out at ford's biggest plant as the us auto strike escalates. ford says it's at the limit of what it can offer them. plus, all change. the uk's royal mint unveils a set of eight new coins to the reign of king charles iii and celebrate his love of the natural world. a reminder of the breaking news this hour. apologies for the departure of our camera. israel has told the united nations that more than a million palestinians must leave the northern gaza strip further blasts have been heard overnight in gaza, as israeli forces aim to eradicate the hamas militant group in the wake of saturday's attacks. this is the scene live in gaza where it has just gone 7:30 in the morning. the un said the order by the israeli military also applied to all of its staff and those sheltered in un facilities
the world trade organisation warns that only doing business with our allies will put up prices for everyonethe world is predicated on free—flowing trade based on rules. if you have fragmented trade, becomes more costly and inefficient and poor countries lose out. also coming up, stepping up a gear. workers walk out at ford's biggest plant as the us auto strike escalates. ford says it's at the limit of what it can offer them. plus, all change. the uk's royal mint unveils a set of eight new...
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Oct 13, 2023
10/23
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that is the head of the world trade organisation on china's slowing economy. ve trade data from september, closely watched for indications of recovering in the world's second—largest economy. stock markets in hong kong and shanghai rose thursday after a chinese sovereign wealth fund increased its stakes hit four of the country's largest base. the purchases would have cost more than $65 million stop the fund plans to further increase its holdings in the banks the next six months according to regulatory filing. moving on to the slump in personal computer sales over the the past two years. but that could soon come to an end, according to the tech research firm gartner which is forecasting a rebound of shipments in the final quarter of this year. that would be an increase from the 9% drop in thejune to september quarter of this year — that's the preliminary analysis, according to gartner. but hp was the exception — staying resilient in the third quarter. but the firm's director analyst mikako kitagawa says growing geopolitical tensions could impact the industry. ri
that is the head of the world trade organisation on china's slowing economy. ve trade data from september, closely watched for indications of recovering in the world's second—largest economy. stock markets in hong kong and shanghai rose thursday after a chinese sovereign wealth fund increased its stakes hit four of the country's largest base. the purchases would have cost more than $65 million stop the fund plans to further increase its holdings in the banks the next six months according to...
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Oct 22, 2023
10/23
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BBCNEWS
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including wine in particular, and australia took its complaint over these restrictions to the world trade organisationagreed to review these controversial tariffs in these controversial tariffs in the next four or five these controversial tariffs in the next four orfive months, and australia is suspending its action in the world trade organisation. and these compromises, these concessions, have allowed both sides to nail down a day for anthony albanese's official visit to china. so in two weeks' time, the australian prime minister will be in beijing, meeting with president xijinping and other officials from the chinese government. so, as you say, this is significant because it's the first time or will be the first time an australian leader will visit china for seven years. give us a sense of— china for seven years. give us a sense of the _ china for seven years. give us a sense of the importance i china for seven years. give us a sense of the importance of. a sense of the importance of this relationship, and the strength of the trading partnership.— strength of the trading partnership. strength of the
including wine in particular, and australia took its complaint over these restrictions to the world trade organisationagreed to review these controversial tariffs in these controversial tariffs in the next four or five these controversial tariffs in the next four orfive months, and australia is suspending its action in the world trade organisation. and these compromises, these concessions, have allowed both sides to nail down a day for anthony albanese's official visit to china. so in two...
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Oct 13, 2023
10/23
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a retreat from global free trade will put up prices for everyone — especially the world's poorest. that's the warning from the head of the world trade organisationokonjo—iweala — who's been speaking exclusively to the bbc at the imf/world bank meetings in marakkesh, in morocco. she told our economics editor, faisal islam, that there's evidence world trade is �*fragmenting' with countries increasingly trading with friends and restricting trade with rivals. there's more trade ongoing now within politically similar blocs than between blocs that are dissimilar. so that is some indication. we also look at certain sectors and we begin to see some emerging signs of fragmentation. and we hope that this will be... this will not go too far, because we've shown that the costs of fragmentation in world trade will be very costly. at the wto, we've already let it be known that from our work and our simulation, we would lose five percentage points of global gdp in the long term, and there would be double digit welfare losses for poor countries and emerging markets. and this is because things will become more expensive... absolutely. if you have truncated trade
a retreat from global free trade will put up prices for everyone — especially the world's poorest. that's the warning from the head of the world trade organisationokonjo—iweala — who's been speaking exclusively to the bbc at the imf/world bank meetings in marakkesh, in morocco. she told our economics editor, faisal islam, that there's evidence world trade is �*fragmenting' with countries increasingly trading with friends and restricting trade with rivals. there's more trade ongoing now...
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Oct 12, 2023
10/23
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BBCNEWS
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we begin with a warning from the head of the world trade organisation that the war in the middle easton. ngozi 0konjo—iweala is in marrakesh this week for an annual meetings of the international monetary fund and world bank. she told our business editor faisal islam the latest geopolitical tensions could drive up prices for all, especially poor countries.
we begin with a warning from the head of the world trade organisation that the war in the middle easton. ngozi 0konjo—iweala is in marrakesh this week for an annual meetings of the international monetary fund and world bank. she told our business editor faisal islam the latest geopolitical tensions could drive up prices for all, especially poor countries.
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Oct 13, 2023
10/23
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the world trade organisation warns that only doing business with our allies will put up prices for everyoneragmented trade, becomes more costly and inefficient and poor countries lose out. also coming up, stepping up a gear. workers walk out at ford's biggest plant as the us auto strike escalates. ford says it's at the limit of what it can offer them. plus, all change. the uk's royal mint unveils a set of eight new coins to the reign of king charles iii and celebrate his love of the natural world.
the world trade organisation warns that only doing business with our allies will put up prices for everyoneragmented trade, becomes more costly and inefficient and poor countries lose out. also coming up, stepping up a gear. workers walk out at ford's biggest plant as the us auto strike escalates. ford says it's at the limit of what it can offer them. plus, all change. the uk's royal mint unveils a set of eight new coins to the reign of king charles iii and celebrate his love of the natural...
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Oct 13, 2023
10/23
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GBN
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the world trade organisation is warning that if the conflict spreads to the region, it could have a hugely negative impact on already weak global trade flows. >> there is uncertainty about whether this is going to spread further to the whole region , further to the whole region, which could impact very much on global economic growth . there's global economic growth. there's uncertainty as to when it will end. it is most unfortunate . end. it is most unfortunate. >> well, our reporter charlie peters joins us now live from tel aviv. morning to you, charlie. what do we know then about this claim that israel wants people in the northern gaza strip to move south because it doesn't really sound feasible i >> -- >> i've lost comms . well, >> i've lost comms. well, i don't think they can hear us. >> he's lost us. no, it's i mean, look, clearly see, this is a warning against what could be about to happen on the israeli side in terms of either further munitions or moving the ground force in. but the gaza strip has got 2 million people in it and it is packed. >> it is packed. yeah. there is no there'
the world trade organisation is warning that if the conflict spreads to the region, it could have a hugely negative impact on already weak global trade flows. >> there is uncertainty about whether this is going to spread further to the whole region , further to the whole region, which could impact very much on global economic growth . there's global economic growth. there's uncertainty as to when it will end. it is most unfortunate . end. it is most unfortunate. >> well, our...