And a slowing economy. And a drive to attract tourists back to one of the worlds most visited cities that their own safety concerns. And sport had a catheter as World Cup Organizing Committee vows to keep the event affordable for founts us and all the while he says not pricing out supporters has become more important to the to the Economic Impact of corona virus. Now a new standoff could be brewing between the United States iran and venezuela over a shipment of millions of dollars of fuel 5 iranian tankers are just days away from arriving in venezuela to help ease petrol shortages there venezuelas own Oil Refining Industry has collapsed because of sanctions as well as mismanagement alexia brian reports. In the venezuelan capital caracas the queue at the petrol station can last for days. This is the richest country in the world and we should not be like this because there is wealth there is oil there is everything the shortages have plagued venezuela for years ever since its 1300000 bar
Venezuela shipments from iran are on the way but theres the threat of a showdown with the u. S. And the drive to attract tourists back to one of the worlds most visited cities there are safety concerns. And sport the head of cattle is World Cup Organizing Committee values to keep the event affordable for found us and all the while he says not pricing out supporters has become more important due to the Economic Impact of coronavirus. Now there are reports that the Chinese Government plans to introduce National Security laws in hong kong following months of mass protests against beijing there and this all comes as chinas biggest political gathering of the kicks off in beijing the opening session of the top political advisory body comes a day ahead of the National Peoples congress for more on this lets cross live now to our correspondent katrina you shes in beijing katrina this is a hugely controversial legislation remember back in 2003 the last time it was on the table it brought a 10000
Opec offers a bleak estimate of Global Energy demand. Saudi arabia is cutting output to its lowest level since 2002. Shery a quick check of the markets. We are seeing u. S. Futures rebounding and gaining for tens of 1 . U. S. Stocks fell to that threeweek low. It was not just the fed chairs comments. We have u. S. Tensions with china flaring again. Every sector on the s p 500 was in the red and it is now heading its worst week since march 20. Take a look at what oil is doing. We are seeing slight gains above the 25 a barrel level, a gain of 1. 7 . This after it fell in the regular to session regular session. We still have some comments from the iea saying it will take more than a year for crude demand to recover. Lets turn to those comments by jay powell. He was clear when asked if they would be in favor of adopting a negative rate policy. Not only did he reject it unequivocally, he also said he would not even consider it. Kathleen hays is here to tell us why. How did the negative rate
Long delays meant long delays treating some of the injured during the London Bridge attacks. Iran says it is reaching a limit on its stockpiling of uranium. Residents of lincolnshire are warned of more rain and flooding this week. Terrific thunderstorms are forecast and if that river gets any more water, it will burst its banks again. So andy murray tells the bbc he is pain free ahead of a return to competitive tennis at the doubles at queens club. Candidates for the tory leadership except for the candidate Boris Johnson have been taking questions from journalists ahead of the next round of voting which takes place tomorrow. David levenson says he is backing rory stewart to be the next leader of the tory party david liddington. The labour partys deputy leader says the hearts of the labour members are remain. Heres our Political Editor laura kuenssberg. Come on boris come on the only glimpse youll get today. Minders driving the favourite into parliament. Borisjohnson doesnt want to talk
Welcome to daybreak asia. We are coming down to ages major market opens. Haidi the top stories this hour. The market searching for motivation as a tame u. S. Inflation report the case for a fed rate skip. A weak 30 year option. Alibaba returns to Revenue Growth across all major divisions define chinas define chinas economic woes. Bloomberg learns chinas market regulators will meet developers and financiers on friday seeking solutions to a worsening property crisis. Kathleen we are waiting for the Rate Decision from the banco ce ntral peru central bank. Expected to hold again even though inflation is falling. They did holder key rate at seven and recorders percent exactly as expected. We are going to be looking for messaging because Goldman Sachs had predicted they might cut their key rate today because inflation has had a nice downward trend lately. If not today they will do it at their next meeting. That is the latest from latin america. We will be waiting for any Additional Informati