And Consumer Confidence has been affected. So that average spending for a trip is been decreased compared to 2023. We are also seeing a lot of bookings for high speed trains, so many travellers opt for cheaper Regional Travel rather than flying. But we have seen the overall type of trips that people are booking a more diversified, so this isjust one part of the picture. Were seeing growing interest in high and brilliant travel inside and outside of china, a big rise in nature and coated travel, such as session one, debate, and The Mole dies, so more people are wanting to connect with nature and explore culture. Wanting to connect with nature and explore culture. Sichuan and explore culture. Sichuan and the maldives. And explore culture. Sichuan and the maldives. Does and explore culture. Sichuan and the maldives. Does that and the maldives. Does that mean some of the Stimulus Measures we are seeing is impacting or having an impact on people are willing to spend more . ~ ,. ,. , on peop
More on our web site bbc. Co. Uk news and the news app. Now on bbc news live to singapore for Asia Business report. Carmaker merger plans. How fear cries chryslers earnings welfare in relation to a deal with peugeot. China rules outed superfast mobile network from today. Rolls out it. We start with carmakers because fear chrysler has announced better than expected Third Quarter results as it heads towards its merger with peugeot owner psa and despite a Strong Performance in north america, the company swung to a net loss of 200 million, due to the cost of shaking up its european operations. That highlights the thinking behind a plan to create the worlds fourth largest carmaker. I asked auto analyst han scrambled whether that was a good idea. Hans greimel. Coming together fills the companys greimel. Coming together fills the compa nys weak spots. Greimel. Coming together fills the companys weak spots. They are weak in europe and can combine together and become a real european superpower
Its been tough several months for elon musk s firm its been struggling with falling sales because of intense competition from its chinese rivals. Well have some analysis shortly but first, heres our Business Correspondent erin delmore. Its been a rocky road for tesla this year. Interest rates are taking a bite out of Purchasing Power and pushing big purchases out of reach, competition with china especially rival vehicle maker byob is heating up, sales are falling and so is teslas stock. Its fallen more than 40 this year, the company is cutting prices and announced lay off, then on tuesday it reported its First Quarter earnings. Missing expectations on earning and revenue. The company is anticipating lower deliveries this year compared to 2023 but investors have one bright spot to look to come announced it speeding up the launch of a lower priced vehicle from affordable models could be a boon for cash strapped consumers, and a hit worldwide like china and india. Teslas shares soared in
Approved would and the popular Social Media Platform if its chinese owner does not divest Ownership Stake in the app. The senators are currently voting on a number of bills including one that could potentially stop tiktok. The Senate Committee has passed that bill after months of stalemate. Joe biden has previously said that if it reaches his desk, he will sign it. But it may not be so simple. Carl tobias is a Law Professor at the University Of Richmond in virginia. He says a prolonged legal battle to challenge the order will take place. All of the outlets are reporting that the company intends to sue, challenging congress legislation after the president signs it, and will make First Amendment arguments on behalf of consumers. And it would go to the federal Appeals Court in the district of columbia, and then probably be appealed by whoever lost to the United States supreme court. That could take about two years, but if they sue, so thats the situation that we have now. How realistic is
Its been tough several months for elon musk s firm, its been struggling with falling sales because of intense competition from its chinese rivals. Well have some analysis shortly but first, heres our Business Correspondent erin delmore. Its been a rocky road for tesla this its been a rocky road for tesla this year. Its been a rocky road for tesla this year. Interest its been a rocky road for tesla this year. Interest rates are taking a bite out of Purchasing Power and pushing big purchases out of reach, competition with china especially rival vehicle maker byob is heating up, sales are falling and so is teslas stock. Its fallen more than 40 this year, the company is cutting prices and announced lay off, then on tuesday it reported its First Quarter earnings. The company is anticipating lower deliveries this year compared to 2023 but investors have one bright spot to look to come announced it speeding up the launch of a lower priced vehicle from affordable models models could be a boon