Live from london, this is business today. We start with uber, the us Tech Firm that has become a global transport giant. Around The World some 6 Million people work as drivers and couriers through the uber app, and their services are used by 150 Million people at least once a month. Well, the boss of uber, dara khosrowshahi, has been talking to our business editor simonjack, about their plans to make the firm greener and get more of their drivers using Electric Cars. But hes worried that trade tensions with china are getting in the way. The us and europe are hitting chinese Electric Cars with hefty Import Taxes or tariffs to protect their own auto makers, making them more expensive. I think cheap chinese vehicles are a good thing for the environment. And i would tell you that china is transitioning from notjust being cheap but also being high quality and for us, we want to electrify our fleet and make sure it is affordable for our drivers to switch over to evs. The political considerat
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
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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 people a
By hamas gunmen took place just before 6 30 local time. More than 300 young people attending the festival were killed, others were taken hostage. It has been called israels 9 11 by some, and like the attack on the world trade center, its had massive repercussions around the world in both politics and economics. Michelle fleury has more on the Global Impact one year on. The middle East Conflict could add to the risks already facing the global economy. The escalation comes at a time of uncertainty around the upcoming us election and as china tries to stabilise its struggling economy. Economists warn the war could push up inflation if Trade Routes are disrupted, causing the cost of Oil And Shipping to rise. A bigger concern is whether any escalation could rock the straits of hormuz, a major shipping channel. 0ne straits of hormuz, a major shipping channel. One third of Oil Tanker Traffic and a fifth of Lng And Gas passes through there. The Oil Markets are already reacting. The price of Br