Money Talks

The British pound is weakening once again amid lingering doubts over the ability of Prime Minister Liz Truss to keep the nation's finances in good shape. In a statement, global debt watcher Fitch announced it now has a negative outlook for the UK's credit rating. That means it's less confident about Downing Street's ability to repay the nation's growing pile of debt.

For more on this, we spoke to Susannah Streeter, investment analyst at Hargreaves Lansdown in Bristol, UK.

#LizTruss #BritishEconomy #Fitch

Oil prices are rising as the world's top producers of the commodity prepare to announce a deep cut in production. Investors will be closely watching the meeting of the multinational oil cartel OPEC+, led by Saudi Arabia and Russia. Many expect the alliance to announce that they're slashing their output by at least a million barrels a day.

We spoke to Victoria Scholar, head of investment at Interactive Investor in London.

#OilPrices #OPEC #OilSupply

Central banks are acting too aggressively in their fight against inflation, threatening to plunge the global economy into a severe economic recession. That's according to a new report by the United Nations Conference on Trade and Development. The agency's calling on policymakers, particularly in rich nations, to take it easy on interest rate hikes. Meanwhile, the IMF has come to the defense of central banks, saying it's up to governments to support their economies.

We spoke to David Madden, Equiti Capital’s market analyst.

#InterestRates #Inflation #Recession

The British government has taken a U-turn on tax cuts that would have cost government coffers billions of dollars in much-needed revenues. In a statement, the finance ministry said Downing Street was scrapping a plan to trim the top income tax rate to 40% from 45%.

For the details, we spoke to Danni Hewson, AJ Bell’s financial analyst.

#Britain #IncomeTax #Pound

Oil prices are rallying as the world's crude exporters prepare to significantly reduce production for the rest of the year. The international benchmark Brent has risen more than 3% to $87 a barrel. That comes amid speculation that the multinational oil cartel OPEC+ is planning to slash output by a million barrels a day.

For more on oil market, we spoke to Han Tan, Exinity Group’s chief market analyst.

#OilPrices #OilSupply #OPEC

In Britain, the sterling has started to recover from a volatile trading week. Investors soured on the currency after the government announced tax cuts that would saddle a struggling economy with tens of billions of dollars in additional debt. As a result, the pound, which was once at the centre of global finance, fell to its lowest value on record. Paolo Montecillo has more.

For the details, we had Professor Hilary Ingham and economist Robert Gilhooly.

#UnitedKingdom #Pound #MiniBudget

China is bracing for one of its worst slowdowns in more than four decades as its strict zero-COVID-19 policy continues to weigh on the economy. It's another challenge for Beijing which is already struggling to cope with a collapsing real estate market and an ongoing trade war with the US. Miranda Lin reports.

For more on China’s economy, we were joined by economist Taha Arvas on the set.

#China #ChineseEconomy #EconomicGrowth

For the first time since the Second World War, a far-right coalition led by Giorgia Meloni has emerged victorious in the country's general election. But despite winning with a clear majority, the macro-economic environment that the coalition is now to face couldn't be more turbulent.

#ItalyElections #GiorgiaMeloni #ItalianEconomy

Nigeria is facing its worst deluge in at least a decade. The floods have claimed more than 300 lives across 27 states. Among the worst-hit areas, are the country's rice paddies. And as Tayyibe Aydin reports, if the water doesn't recede soon, an acute food shortage already affecting millions of Nigerians could worsen.

#Nigeria #Floods #FoodSecurity

Wild swings in the prices of stocks, bonds and commodities are driving a growing number of investors to seek better returns in riskier assets. But schemes that promise stellar returns, but leave investors holding the bag, are on the rise. We spoke to London Academy of Trading Managing Director, Paddy Osborn. He tells us how to succeed in a volatile trading environment.

#GetRichQuick #Trading #Investment