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 worlds biggest Trade Blocs is deepening with china announcing new tariffs on Brandy Imports from the european unIon. It follows last Weeks DecisIon by the eu to push ahead with Import Taxes of its own on Electric Vehicles from china. Last Year China imported about 1. 8bn of brandy from the eu with the vast majority coming from france. From Friday Companies that import will have to pay a tariff of up to 39 to the chinese government after they decided their own producers were being unfairly harmed. It follows the eu pushing ahead with tariffs of up to 45 of chinas Electric Vehicles which it says have benefitted unfairly from government help. Last Year Trade between the Eu And China was worth about 811 BillIon after it fell last year. With more tarfffs under consideratIon, it could fall further. Im joined now by Dr Deborah elms, head of Trade Policy at the Hinrich FoundatIon in singapore. It describes itself as a philanthropic organizatIon that works adavance sustainable trade. So the
A typical temperatures to end the week, will be around 11 or 12 degrees. Over the weekend, temperatures will rise just a little, most of the rain is coming into Western Scotland and northern ireland. Much of england and wales, it should be a dry weekend. Some early mist and but otherwise some sunshine. China slaps new tariffs on brandy from the European Union are two of the worlds biggest Trade Blocs heading for full blown Trade War . More than a dozen Us States say that tiktok is dangerous and addictive for children. Welcome to business today. A row between two of the worlds biggest Trade Blocs is deepening with china announcing new tariffs on Brandy Imports from the European Union. It follows last Weeks Decision by the eu to push ahead with Import Taxes of its own on Electric Vehicles from china. Last Year China imported about 1. 8bn of brandy from the eu with the vast majority coming from france. From Friday Companies that import will have to pay a tariffs of up to 39 to the chinese
And in the uk, conservative mps prepare to eliminate another candidate from the party Leadership Contest. Hello, im annita mcveigh, and welcome to Bbc News now, three hours of fast moving news, interviews and reaction. We start with all the latest developments in the middle east, and more than 100 rockets have been fired by hezbollah into the northern israeli city of haifa. Ma ny were intercepted by israeli defences. By israeli defences. But some did get through. But some did get through. Israel says it fired back at israel says it fired back at the launch is used for the the launch is used for the beirut, israel says it has attack. Attack. The latest salvos came the latest salvos came after a separate announcement after a separate announcement by israel that it had by israel that it had expanded its Ground Invasion expanded its Ground Invasion into south west lebanon. Into south west lebanon. In Lebanons Capital in Lebanons Capital beirut, israel says it has killed the commander of he
Significant moment in talk us through what is going to happen. Talk us through what is going to happen talk us through what is going to happen. For the last couple of hours mps to happen. For the last couple of hours mps have to happen. For the last couple of hours mps have been to happen. For the last couple| of hours mps have been voting in a room and what is known as Committee Corridor in the house of commons, voting opened at one and closed at three so they will be counting those and there are the four candidates who have run through, Robert Jenrick, kemi badenoch, James Cleverly and Tom Tugendhat. Whoever gets the lowest number of votes is eliminated and the final three will go through to another and final round of Voting Tomorrow which will whittle it down to the final two candidates, he will go on to the conservative membership where there will be a ballot that will last until The End of the month to pick the eventual winner who gets announced On November the 2nd. It really is a