As Federal Reserve Chair Jerome Powell signals a move to a rate cut in December, we find out what it means for the US economy and the financial markets.
Also, friends again? Canadian PM Mark Carney calls a halt to some of the retaliatory tariffs imposed on the US. We find out what Canada's businesses think of the thaw in trade relations.
And, President Trump says the US government is to take a 10% stake in chipmaker Intel. We'll be hearing what's behind the move.
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All eyes on Jerome Powell’s major speech at Jackson Hole
The Federal Reserve's annual summit is happening in the scenic setting of Jackson Hole kicks into high gear on Friday, with the Fed Chair, Jerome Powell, taking centre stage.
UN agencies are warning that the global workforce needs better protection from excessive heat driven by worldwide warming.
And, in Scotland's capital where the Edinburgh Festival Fringe and International Festival take over the city's streets, we look at the impact of tourism going up, so does the cost of accommodation.
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How does the EU-US trade deal affect the car industry?
The EU and US clarify details of a tentative trade deal, with President Trump dropping plans for steep tariffs on cars, semi-conductors and pharmaceuticals. We get reaction from the German auto industry.We examine why a gathering of top economists and central bankers in the US is being overshadowed by politics. Tensions are high between President Trump and Federal Chair Jerome Powell, who is preparing a big speech at the Jackson Hole Economic Policy Symposium.And McDonald’s gets a scolding from the Japanese government. So why is a Happy Meal campaign involving Pokemon Cards drawing criticism?
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26:29
EU and US release details of their tariff deal
The European Union and the White House have confirmed a 15% deal, including European cars and pharmaceuticals, in a joint statement clarifying their tentative trade deal announced last month.And in our Africa series this month, today we discuss the African Continental Free Trade Area, which aims to create a single market for goods and services in the continent, boosting trade and economic integration.Plus, Microsoft's head of artificial intelligence says he's alarmed by rising cases of a phenomenon dubbed "AI psychosis"—that’s relying so heavily on chatbots and losing touch with reality.
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Federal Reserve comes under pressure as interest rate decision looms
The Chair of the Federal Reserve chair are under scrutiny from Donald Trump after fraud allegations emerge about Governor Lisa Cook. How will it affect the interest rate decision? The authorities in Pakistan's commercial capital Karachi have declared an emergency and a public holiday after monsoon rains paralysed the city. We hear from the local business owner.Sony PlayStation increased the price on its console. Is it one of the consequences of the trade war?And we look at Denmark's decision to tax cow and sheep burps for greenhouse gas reasons.You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
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