Pound hits all-time low against the US dollar Sept. 26, 2022

from World Business Report· ·

Sterling falls to historic low as markets react to the UK's biggest tax cuts in 50 years. The level of public borrowing to fund the government's plans concerns investors. We talk to Jane Foley, currency strategist at Rabobank. Giorgia Meloni is set to become Italy's new Prime Minister after her right- wing coalition triumphed in this weekend's elections. What will be the focus of her economic policy? We ask Michele Geraci, former undersecretary of state at the Italian Ministry of Economic Development. The Organisation for Economic Cooperation and Development (OECD) is predicting a 2.8-trillion-dollar hit to the global economy next …



Sterling falls to historic low as markets react to the UK's biggest tax cuts in 50 years. The level of public borrowing to fund the government's plans concerns investors. We talk to Jane Foley, currency strategist at Rabobank. Giorgia Meloni is set to become Italy's new Prime Minister after her right- wing coalition triumphed in this weekend's elections. What will be the focus of her economic policy? We ask Michele Geraci, former undersecretary of state at the Italian Ministry of Economic Development. The Organisation for Economic Cooperation and Development (OECD) is predicting a 2.8-trillion-dollar hit to the global economy next year as the war in Ukraine continues, and the resulting inflation crisis takes its toll on demand. We hear more from Alvaro Pereira, the OECD's acting chief economist. The video-sharing app TikTok could face a fine as high as 29 million US dollars after authorities in the UK found that the company may have failed to protect the privacy of users. The BBC's tech reporter Shiona McCallum tells us the details. The re-release of Avatar has brought in $30 million across global box offices this weekend. Rob Arthur, the director at the cinema and entertainment advisory service Paguro Ideas explains why the movie is so popular.