so let s now get down to business and, as you ve been hearing, a stark warning has come from the head of the united nations that the world is sending out a distress signal and our planet is changing at a catastrophic rate. antonio guterres was speaking at the cop27 summit in egypt, where over 100 world leaders are gathering. last year, many economies pledged to reach net zero by 2050. but then things changed, europe s energy market was hit by russia s invasion of ukraine, and now countries face the prospect of blackouts and rationing of energy supplies. in response, germany, italy, the netherlands, greece and hungary have all extended production of coal and have re opened previously closed facilities. so can european countries still meet their net zero pledges? tim mcphie is spokesperson for climate and energy at the european commission. we have very dramatic challenges before us but we have written into law legislation that all member states have to follow. 0ur net zero ta
pre tax profits ringed in at $7.7 billion in the third quarter. now, this is all driven by rising global interest rates feeding into their balance sheets. but there have been questions before that these high rates were not being passed on to savers. joining me now is the independent banking analyst, frances coppola. nice to see you, doing rather well. i imagine those paying higher mortgage rates and everything it is a bitter pill. tell us more about the numbers? it is yet tell us more about the numbers? it is yet more tell us more about the numbers? it is yet more profits from their very healthily inaudible it has shrunk ever so slightly in this quarter but it is still way above where it was last year and that does reflect the fact that they have passed on interest rates to lenders much more quickly than they have to savers, which i think some people might get quite cross about. ~ . ., , , about. wanted we are seeing, is we are seeing about. wanted we are seeing, is we are
Of them are focused on certain sectors. Those ten key industrial sectors president z. Wants china to become world leader in the acquisition of Robot Manufacture a cougar for four and a half billion euros last year falls into that category. And this year lease to food c. E. O. Of chinese carmakers easily acquired ten percent in germanys dima now germany is slamming on the brakes but planning tighter scrutiny of Foreign Investments but german Industry Representatives fear the government stricter controls could deter chinese investors and thats not necessarily good news after all investors also provide capital and create jobs now it was a tweeted that caused quite some commotion when tesla c. E. O. Ulan muska digitally mused earlier this week about his plans to take the e carmaker private again the companys shares jumped by more than ten percent adding billions in Market Capitalization according to several media reports the
securities and Exchange Commission as you see now opened an inqui
A move china wont like germanys government once brought a veto powers when investors from outside europe buy into local companies starting at fifteen percent stakes instead of the current twenty five the new regulations come after berlin effectively blocked a Chinese Company from buying a twenty percent share in Electricity Grid Operator fifty hurts chinese Trade Representatives claim theyre being singled out however the sudden surge in chinese purchases is striking while the volume of chinese transactions in germany was comparatively low in the years before Twenty Sixteen its accelerated quickly since then a sudden surge to twelve point Six Billion Dollars in Twenty Sixteen was followed by a new peak of thirteen point seven many of them are focused on certain sectors. Those ten key industrial sectors presidency wants china to become world leader in. The
acquisition of Robot Manufacture a cougar for four and a half billion euros last year falls into that category. And this year lease t
Explained the f. C. C. Would start scanning all the communication between mosque and directors and this would have a lot of consequences for must consult so few months to new york thank you. Its been a long wait now ikea the Worlds Largest Furniture Retailer has set up shop in india on thursday the Swedish Company opened the doors of its first store on the subcontinent in the Southern City of hyder about ikea says it will invest one and a half billion dollars in the Country Planning to open twenty five stores by the year twenty twenty five with the scoring middle class india is seen as a lucrative market but breaking into it could prove challenging india is one of the heart of places to do business according to the world bank and not every multinational has been successful at adapting goods or services. So before entering the indian market i only resolved its product line as our Correspondent Song off on
the car reports was the fall of the store opened ikea employees visited about a po