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US Airlines ask for 'immediate intervention' on 5G

Ten of America鈥檚 biggest airlines are warning major disruption if 5G mobile phone services are switched on as planned on Wednesday.

The bosses of ten of America鈥檚 biggest airlines are warning that the United States 鈥渋s facing major disruption of the traveling and shipping public鈥 if 5G mobile phone services are switched on as planned on Wednesday. They have written a letter outlining urgent concerns which has been sent to Transportation Secretary Pete Buttigeg and the head of the Federal Aviation Administration. We hear from our business correspondent Johnathan Josephs.

China has unexpectedly cut a key interest rate for the first time in almost two years as official figures showed its economic growth had slowed. Geoffrey Yu, senior market strategist at bank of New York Mellon, explains the possible reasoning behind the move.

Walmart, the giant American retailer appears to be considering a launch of a virtual currency. But governments are increasingly anxious about them. Prime Minister Modi of India on Monday called for co-ordinated intergovernmental control on cryptocurrencies. Spain has said people who advertise cryptocurrencies will be regulated by the country's financial watchdog. We speak to Glen Goodman about the lack of regulation in the crypto world.

Throughout the programme Jamie Robertson is joined by Andy Uhler of our sister programme Marketplace. He's in Austin,Texas. And Nabila Ahmed, Asia Finance Correspondent for Bloomberg in Sydney Australia.

Picture: Flight instruments of a modern jet airliner. Credit: Ollie Desforges/Getty

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50 minutes

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  • Tue 18 Jan 2022 01:06GMT

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