Will accept junk, recent fallen angels as collateral. Time now for todays market moving news from brussels in new york. We want to begin in europe, where the pandemic drove the economy to a record slump in april. Pmi Area Services completely decimated, falling to 11. 7. Manufacturing also dropped to 33. 6. Bloombergs maria tadeo joins me from brussels. Maria what you are seeing is that the Coronavirus Crisis is going to do a lot of damage to the european economy. [indiscernible] brussels tell us they do anticipate a contraction for the entire euro area. This is potentially huge. Youre seeing again the European Central bank stepping in to try to shield some of those markets, in particular in countries like. Taly ,he other side of the equation what exactly are european leaders going to do to help the ecb, to put more money on the table and also protect their own economies . There has been a lot of backandforth. Perhaps a 2 trillion euro package. But all of this is still very much in the
Bright spots. Exports declined less than domestic but weak demand continues to bite. Joining us from hong kong is in karenrrent is in the is enda curran. Is pickingps demand up, and might put a floor on the economy into year end. There was a weaker import, and that underlines that the domestic demand is still weak. We know that new orders of the official manufacturing pmi remain weak as well come us adjusting that bottoming out still has a little bit to go before we can fully call it stabilization in chinas economy. The trade numbers were ok. There were certainly some optimism, but the big picture remains whether the government can push ahead and reach this phase i agreement theyve been talking about. Alix speaking of, the conversation has been to digitally that the phase i deal will happen in a rollback. The ministry of commerce spokesman in china saying that there have been serious discussions, and agreed to remove the tariffs in phases as progress is made on the agreement. What is t
The most part rain from time to time but when we see the text of colder air, there is the chance of some snow perhaps across the north. A visit by the foreign secretary to russia to repair relations ends in public disagreement and accusations of lying. A handshake between borisjohnson and his russian counterpart is followed by accusations of russian Cyber Attacks. You should recognise that russian attempts to interfere in our elections and our referendums whatever they may have been have not been successful. Todays meeting was intended to open up channels of communication between the two countries has it worked . Also tonight, a man is charged with murder after a woman is stabbed to death at the supermarket where she worked. From eu burgundy to british blue uk passports to change colour after brexit. The new migrant crisis unfolding in greece with thousands of Asylum Seekers forced to live in squalor. My name is eva schloss would you like to ask me some questions about my life . And ho
The people who can make snow, but not as you know it, because none of this is real. And they look back at thes is whether stories and storms. Weather. Good evening, and welcome to bbc news. A meeting intended to bring british relations with russia out of the deep freeze has ended with public accusations of lying. In the first visit by a foreign secretary to moscow for five years, borisjohnson confronted his russian counterpart Sergei Lavrov about moscows alleged involvement in Cyber Attacks on the west. Mr lavrov retorted that the accusations were fabricated and criticised the uk for making what he called a series of aggressive and insulting public statements about russia. Our Diplomatic Correspondent James Robbins reports. Handshakes can be deceptive. True, this foreign secretary has broken a five year british boycott of visits to moscow. But when russias Sergei Lavrov says he wants a return to business as usual, Boris Johnson says thats impossible. As you rightly say, sergei, things
Nuclear programme. At diplomats at this resolution will bite hard enough to change the regimes oculus, or at the very least restrictive ability to carry out Additional Nuclear and missile tests. President trump specifically asked president xijinping of tests. President trump specifically asked president xi jinping of china to cut oil to pyongyang believing it would be a pivotal step, according to the United States north korea imported 11. 5 Million Barrels of refined but trolley in 2016. This resolution it to 500,000 barrels a year, and nearly 90 cut to a vital lifeline of the regime. Mr trump celebrated the adoption of new sanctions, tweeting the world wants peace, not death. Americas un Ambassador Nikki Haley warned there would be wrecked but graf of repercussions if pyongyang continued on its course. Theys resolution achieves and 89 total reduction of the camera graf or kim regimes ability to import gasoline, diesel sin ability to import gasoline, diesel s in other Refined Products