Recovery fund. The agreement would be very bad not only for europe but for the markets. Ericsson tops the stoxx 600 as european roll out drives demand but the leader says hes worried europe is missing out. China has accelerated the rollout and it continues at a high pace in north america so 5g is happening at an increasing pace in the world i worry that europe is falling behind daimler shares accelerate as more cost cutting forces the carmaker to halt production of mercedes demand in u. S. And mexico as it reveals a 1. 7 billion operating loss for the Second Quarter the last dance for a lockdown growth shares plunge in extended trade as the streaming giant adds 10 million subscribers but warns growth will grow sharply to its weakest level in years beginning shortly, some comments crossing from the European Commission and she has effectively said that these stakes couldnt be higher and all necessary pieces are on the table and a solution is possible from her leadership perch hoping a de
hello there. we start here in the uk, where the two rivals vying to become the next prime minister have been setting out their contrasting economic plans and attacking each others . foreign secretary liz truss, currently the favourite to win, has suggested her party s economic policy has been wrong notjust under her rival, former chancellor rishi sunak, but for its entire period in power. ms truss said the past two decades had failed to deliver growth and promised billions of pounds in immediate tax cuts. we ve got the highest taxes for 70 years. we ve got lower debt than the united states, than japan, than canada. no other countries are raising taxes and the oecd countries are raising taxes and the 0ecd has described our current policy as contractionary and contractionary, it essentially means policies that lead to a recession. so what i want to do is increase tax revenues by growing the economy, not choke off growth by raising taxes. mr sunak has been restating his plan to
but most staff think it is. so who s right? we ll be hearing from the ceos of microsoft and linkedin. a new era for britain. that is how the new finance minister chancellor of the exchequer kwasi kwarteng is billing his plan for boosting the uk economy. mr kwarteng will be announcing the full details in the coming hours. but we already know the direction of travel. cut taxes, rip up regulations, and encourage more investment by the private sector. the government s already confirmed massive support for households and businesses to limit soaring energy bills this winter to be paid for by more borrowing. but some critics have questioned the affordability of the plan. and others argue lower taxes will do little to help the poorest in society. coletta smith reports. we will sit in here. i will brin: we will sit in here. i will bring it we will sit in here. i will bring it over we will sit in here. i will bring it over for - we will sit in here. i will bring it over for yo
You are watching the context. Now its time for europe votes 202a. Elections in the uk, elections in the European Union. Two weeks today, 400 Million People across europe will vote to elect their representatives to the European Parliament. They will choose 720 politicians from 27 countries in what many people consider the most pivotal vote the European Union has staged since members were first elected in 1979. And by the end ofjuly, there will be new parliaments in both the eu and uk, with implications for both sides, for those negotiations post brexit, and in a whole range of areas. Most notably security, migration and trade. Now, for those who dont follow politics in brussels, you should know there are the institutions involved in the legislative process. There is the european commission, that shapes policy, the parliament, directly elected, that debates and vote on those bills, and the council of european leaders, that have an equal say in what is adopted. And at the top of the commi
Major market reaction, and like you say weve seen prices up over 4 fuelled by the conflict in the middle east and it comes after oil prices suffered the biggest weekly drop since march last week which was reversing a lot of the price action we have been seeing betweenjune and september this year which of course was because of Supply Constraints from saudi arabia and russia but this increase in geopolitical risk is providing a major tailwind to Oil Prices Today and The Big Question really is the market is wondering whether there is iranian involvement in the attack which is something that has been alleged by the israeli authorities because if they are, the tensions are likely to have a more longer lasting upward impact if it were to negatively impact oil surprise and supplies in terms of pushing Prices Higher so it depends on that. Pushing Prices Higher so it depends on that. 0k, we have the sense depends on that. 0k, we have the sense of depends on that. 0k, we have the sense of how de