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
At 110. 18. Asian markets were volatile or a little mixed mother has to do with the trade war and how markets interpret whether we are closer to the deal. 1. 7u. S. 10 year yield at flat. Coming up we speak to jim oneill, former commercial secretary of the treasury, that kingdom conversation in just a couple of minutes. Lets get to the first word news in new york city. U. K. , the chief rabbi suggest people avoid voting for the labour party due to antisemitism, he says sanctions from the top. He is not calling on people to vote labour party, but he says british are concerned about a labour government, and the labour party says antisemitism has no place in the party or society. The president claims donald covered by president ial immunity, but he has been ordered to testify to the panel as it investigates, carrie lam isong, not offering any new concessions in her first Public Comment after prodemocracy forces won a landslide election. Lam is calling for dialogue in line with the plan sh
Has had to say about that. Hong kongs Pro Democracy Movement delivered a landslide victory in local elections this weekend. Across hong kong, turnout was over 70 thats a record. Nearly three Million People voted, and they voted overwhelmingly for pro democracy candidates. Just have a look at this. This is the electoral map. The yellow shows us the electoral map. The yellow shows us the progress made by pro democracy politicians. They took 17 out of the 18 districts. Compare that to 2015, when all 18 were controlled by pro beijing groups. Weve also seen some of the territorys best known politicians defeated by young inexperienced pro democracy candidates. And of course, the context for all of this is that pro democracy anti beijing protests have been going on for over five months. And these results represent yet another blow to the authority of hong kongs chief executive carrie lam. Shes said. And while shes reflecting, the protests go on. Jonathon head is there. Today, Office Workers i
Alex is live with the latest. President biden spoke with french president macron about deescalation tactic s. President macron will be in talks with President Putin today. Germany will visit the u. S. Today. If russia were to launch an attack on ukraine, the capital, kiev could fall in less than three days. Here is sullivan on fox news sunday. Russia could take Military Action against ukraine or choose to take the diplomatic path instead. The key is, the United States needs to be and is prepared for any contingencies in lockstep with our allys and partners. Russia has 70 of what is needed. What that could mean for our allies. Had is the single greatest threat europe has phased, this is a dangerous point in Human History once again. It has dangerous consequence says if and when that happens. General milley estimated 50,000 lives could be lost if russia moves forward. Troops landed in poland yesterday and u. S. Trooped prays at fort bragg as they deploy. United states has promised sancti
Alex is live with the latest. President biden spoke with french president macron about deescalation tactic s. President macron will be in talks with President Putin today. Germany will visit the u. S. Today. If russia were to launch an attack on ukraine, the capital, kiev could fall in less than three days. Here is sullivan on fox news sunday. Russia could take Military Action against ukraine or choose to take the diplomatic path instead. The key is, the United States needs to be and is prepared for any contingencies in lockstep with our allys and partners. Russia has 70 of what is needed. What that could mean for our allies. Had is the single greatest threat europe has phased, this is a dangerous point in Human History once again. It has dangerous consequence says if and when that happens. General milley estimated 50,000 lives could be lost if russia moves forward. Troops landed in poland yesterday and u. S. Trooped prays at fort bragg as they deploy. United states has promised sancti