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The Fed's chairman delivers awaited speech at Jackson Hole

Markets react to Jerome Powell's message to the world's central bankers in Jackson Hole, in the US. His speech suggests there might be more increases in the interest rate.

Markets react to Jerome Powell's message to the world's central bankers in Jackson Hole, in the US. His speech suggests there might be more increases in the interest rate. We talk to Randall Kroszner, professor of Economics at Chicago Booth School of Business and a former governor of the Federal Reserve Board. We also ask Paul Allen, owner of a farm in Pahokee, in Florida, about the impact inflation is having on his business.

The British government has said Georgia is Russia's testing ground for its cybercapability. The former Soviet nation has registered thousands of cyber attacks launched from Russian territory since the 2008 war against Moscow. Georgian journalist Khatia Shamanauri reports.

The American pharmaceutical firm Moderna is suing rival Pfizer and its German partner BioNTech for copying a technology Moderna says it owns. It was used to develop their Covid-19 vaccine. We hear more from our global health correspondent Naomi Grimley.

The Philippines is suffering a national shortage of sugar, despite the country being a large producer. The sugar trade is heavily regulated by Manila, and prices have been soaring as companies like Coca-Cola struggle to secure the supplies it needs to keep plants open. We talk to Ralf Rivas, a business reporter at the local online news site Rappler.

Starting a new life in a new country after being forced to flee your home must be an incredibly hard thing to do. The 成人快手's Jess Quayle reports on how Yulia, a Ukrainian wedding dress designer, is trying to rebuild her life and business in her new home.

And we discuss the latest from the markets with Shanti Keleman, the Chief Investment Officer of M&G Wealth.

(Picture: Jerome Powell. Picture credit: EPA.)

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27 minutes

Last on

Fri 26 Aug 2022 14:32GMT

Broadcast

  • Fri 26 Aug 2022 14:32GMT