Money Talks

The US Federal Reserve has announced another big hike in interest rates, as monetary authorities seek to keep a lid on inflation. Consumer prices in the world's largest economy are going up at their fastest rate in four decades. In response, the American central bank has raised its benchmark by 75 basis points for the second consecutive meeting.

We spoke to Russ Mould, investment director at AJ Bell. He gave us his reaction to the Fed's move.

#UnitedStates #FederalReserve #InterestRates

The war in Ukraine, lockdowns in China, and rising consumer prices are threatening to push the global economy to the brink of a recession. That's according to the International Monetary Fund's updated World Economic Outlook released this week. According to the lender, global economic growth will slow this year to 3.2%. It's a downgrade from the Fund's projection in April, and much lower than last year's expansion of more than 6%.

For more on global economy, we spoke to David Madden, who is a market analyst at Equiti Capital in London.

#IMF #GlobalEconomy #GrowthProspects

Oil prices are surging for a second day following Russia's decision to cut gas supplies to Europe. That's because if Europe runs short on gas, companies in the bloc could choose to start using crude products like diesel to keep their machines running. The European Union has already banned some oil imports from Russia, which is the world's second-largest exporter of the commodity.

For the energy conflict, we were joined by Naeem Aslam, who is the chief market analyst at AvaTrade in London.

#EuropeanUnion #Russia #GasCut

Global stocks are down as investors wait for the US Federal Reserve's move on interest rates later this week. The US Fed is expected to raise interest rates by 75 basis points this week, to keep a lid on consumer price hikes. Investors are also waiting for US GDP data for the second quarter.

For the details, we were joined by Han Tan, who is the chief market analyst at Exinity Group in Abu Dhabi.

#UnitedStates #FederalReserve #InterestRates

The Farnborough International Airshow has opened its doors to visitors after a four-year hiatus. Aircraft manufacturers and airlines braved record temperatures in the UK to close sky-high deals. Let's take a closer look at this year's high flyers.

For more on global aviation, we spoke to Fabrizio Poli, who is senior consultant at Orville Aviation and the founder of Biz Jet TV in Manchester, UK.

#Farnborough #Aviation #AirTravel

We start the show with the short-lived stand-off between Europe and Russia. Moscow's main natural gas pipeline to Germany, the Nord Stream 1, went down for maintenance for 10 days. And officials in Berlin and Brussels feared the Kremlin would keep it shut as a political weapon against the bloc. Taps were turned back on again on Thursday, but the uncertainty has still pushed leaders to find more reliable partners. Paolo Montecillo reports.

#EuropeanUnion #NordStream #NaturalGas

The ECB surprised markets by raising interest rates by 50 basis points this week, the first increase in eleven years. The hike was higher than the expected 25 basis points. The bank is battling to support the euro currency and to fight inflation in the bloc, which stands at a record 8.6%. According to ECB President Christine Lagarde, the situation is not going to get better anytime soon.

#MarketMovers #ECB #InterestRates

Spiraling global energy prices and a political crisis at home are taking a toll on Pakistan's economy. Hoping to shield consumers from high fuel prices, the government subsidized petrol and diesel for months. But that's depleted state coffers, and the domestic currency is quickly losing value against the US dollar and other major currencies.

Khurram Schehzad is the founder of the start-up accelerator, Alpha Beta Core. He says while Pakistan has avoided defaulting on its foreign debt, a lot more needs to be done stabilize the local currency and economy.

#Pakistan #PakistanEconomy #PakistaniRupee

Tunisia's president, Kais Saied, has focused much of his tenure on remodeling the country's political system. On Monday, a national referendum will take place for people to have their say on his new constitution, but critics say he's failed to address a more pressing problem: the economy. Almost a quarter of the population lives on fewer than two dollars a day. TRT World's Claire Herriot reports from Tunis.

#Tunisia #Referendum #TunisianEconomy

Russia and Ukraine ranked among the top three grain producers in the world before the conflict began in February. Now about a third of their exports have been trapped in ports. Russian and Ukraine are both leading suppliers of foodstuffs and fertilizers to global markets. An estimated 400M people worldwide rely on Ukrainian food. Before the war, 30% of global wheat exports, 31% of barley and 60% of sunflower oil came from Russia and Ukraine.

For more on the deal and its impacts on global food supplies, we spoke to Taha Arvas, who is Adjunct Professor of Finance at Bogazici University in Istanbul.

#UkraineConflict #GrainExport #Türkiye