Should be and this is the festival celebrates its 100th anniversary direct democracy to who is a has made the impossible possible such book is probably the only festival thats taking place despite corona to achieve it into voiceover work too soft to exhaustion if they are. If out and it is and we have to live with this violence its not just going to go away. And we will find new ways mechanisms so we can still enjoy the culture the music the theater the salzburg festival to which people come from all over the world forfeit mention must take on some very. Spooky insults pulled workers transport props for the festivals and you will highlight your demand. This years festival will very likely be the most unusual of its 100 g. History. Fruits and tenor a year at the festival will be shorter and smaller instead of 200. 00 performances there will be 100. 00 the number of venues has also been hot and the tickets offered produced these steps are all part of the festivals coronavirus plan. You h
Unprecedented disruption the swiss luxury giant flags a strong recovery in china heineken trades lower as the beer maker plunges prompting the group to intensify cost cuts. In frankfurt, the ecb faces a crucial test will look to prove that it has more fire power needed we bring you more coverage to this runup to decision time. The chinese stock markets plunged into the close despite encouraging growth data. Shanghai composite 4. 5 lower. Marking the worst daily performance in each index since february the china gdp grew rebounding from the First Quarter recession as they use the lockdown and First Quarter stimulus more on the chinese data. A bounce back from growth from q 2 after strict lockdowns and travel restrictions and some of that stimulus kicked in if you look at that key data for the month of june, industrial output lead to the recovery and third output growth of 4. 8 suggesting demand is improving fixed asset improvement fell 4. 81 . Also better than expectations and retail sa
And irelands Pascal Donahoe is chosen at the next eurogroup president. He says the focus is to bring back jobs. I will play my part in working with all members of the eu eurogroup to make sure this group makes the contributions. The challenges are great but we will prevail and will overcome we kick off the show this morning with a major oil report crossing the latest is that the organization has bumped up its 2020 Oil Demand Forecast today but it has warned that the spread of covid19 has posed a risk to the outlook. Steves been pouring through this document and has all the analysis ill be honest, not every page i think its 81 pages i have from our friends at the iea. Its pretty much what the doctor told us oh, gosh, we interviewed him on stn a few weeks ago. The situation at the moment is its halftime in the year, of course theyre hoping for better out of the second half of the year. The commentary is casting a shadow and quite interesting. Saying, look we think things are going to reb
Ahead of ourselves but it is gratifying to see the momentum barclays sets aside 3. 7 million shares. Sending shares lower in london telling us this banks Capital Position is strong we remain very capitalized and liquid we sustained profitability in the face of this pandemic. That allowed us to help customers around the world santander sees red amid a slew of write downs. Investors find the diamond in the rough at kering sales fall less than expected, dropping almost 44 . The French Luxury Group says there will not be a second half bounce back. As you heard there in the headlines, we heard from a number of Companies Across different sectors putting it all together markets trading higher up 0. 2 . We are building on yesterdays gains the main benchmark breaking a twoday losing day for the european markets and also on wall street. The Federal Reserve, the conclusion for the meeting as well as keeping an eye on washington where big tech will be coming under scrutiny a lot for lawmakers to d
What are we doing what, when, and how will it turn out to secure jobs and economic recoveries engine trouble shares in royals royce fall toward the bottom of the European Market as the Aerospace Engineer sees the Credit Rating cut. And the European Commission reportedly strikes a deal with roche to supply covid19 treatments to eu Member States but the swiss drug maker telling us its committed to meeting the needs of patients worldwide. And the stock markets here in europe have been trading for an hour so well well dive into what were witnessing the market has moving slightly positive modest gains here. Not exactly keeping pace with wall street where weve seen gains on the three major indexes but markets have been softer especially on the core markets theres been a lot of german stocks, in particular. Its been slightly disappointing week in terms of pace of acceleration for stocks here as the heat map is telling you, theres fairly evenly split trade between some of the gainers and loser