After the chinese government chose not to announce any additional measures today. Chinas chief economic planning official, zheng shanjie, told a Press Conference earlier hes fully confident the country can hit its 5 Growth Target for the year and had no further policies to reveal to boost chinas struggling economy. For more im joined by Alicia Garcia Herrero chief asia pacific economist at the bank natixis. Has that disappointed investors . Did they expect more . Yes they did because there was already a softening of the market overseas. Of course the chinese market was already closed. But already by friday you could see overseas markets waiting for more on the fiscal side. This Press Conference was announced in china and there was a big expectation that it would go beyond the 2 trillion. That they had an officially announced. The reality is they didnt even fully confirmed that and the markets remained a little bit surprised that they would call a Press Conference for such little infor
The European Commission has sent EU countries a draft proposal for a 14th package of sanctions against Russia. The proposal includes, among other things, restrictions on imports of liquefied natural gas (LNG) from Russia, although there are no plans for a full embargo.
For an industry built on the quiet purr of its expensive technology, the sound of the electric car market screeching to a halt is too loud not to be heard.
Over two years into Russia’s full-scale invasion of Ukraine, and Europe is still addicted to Russian fossil fuels. In spite of 13 sanctions packages against Russia and endless words of solidarity for Ukraine, recent data has revealed that many European Union countries continue to import massive amounts of liquified natural gas (LNG), propping up Russian President Vladimir Putin’s genocidal regime. The European Union has taken steps to break free from Russian fossil fuels in the wake of the full-scale invasion, having launched the REPowerEU plan in May 2022 to mitigate Russia’s energy blackmail and banned the import of Russian oil.