Could you elaborate on what this would mean for consumers . Sure, consumers will be affected by this policy change through commercial banks changing its short term crime rate, it will be impactful in two ways, for Savings Account for instance it is good news because we will finally see some positive numbers is interest on our savings. But for the borrowers it would mean if you have a variable rate it could go up, according to the commercial banks decision, and you would be liable for a greater interest payment. If you would be liable for a greater interest payment. If we are talking greater interest payment. If we are talking about greater interest payment. If we are talking about moving greater interest payment. If we are talking about moving out i greater interest payment. If we are talking about moving out of negative Interest Rates, what sort of a move are we looking at . ~. ,. ,. ,. , at . Mood, the mood in businesses. At . Mood, the mood in businesses. Not at . Mood, the mood in
Yi said china wants basically a relationship of mutual respect, Peaceful Cooperation and says if the us is obsessed with surpassing china, they are doing that to the detriment of themselves. The number of also Business Issues raised, fashionable Artificial Intelligence, china saying it really wants Global Governance but that all sides need to be included in the ai race, as well as the issues of belt and also being brought up. Well as the issues of belt and also being brought up. Yes, he didnt shy also being brought up. Yes, he didnt shy away also being brought up. Yes, he didnt shy away from also being brought up. Yes, he didnt shy away from more didnt shy away from more sensitive topics as well i understand from what did he have to say about russia . Interesting, of course. These Press Conferences are very orchestrated events of the firstjournalist orchestrated events of the first journalist given a question to firstjournalist given a question to ask first journalist given a question
Strike across lufthansa through till saturday morning. 0n strike across lufthansa through till saturday morning. On top of that there is Security Staff at cologne and dusseldorf and frankfurt airports are causing wild widespread cancellations. Anybody trying to travel to, from, or within germany at the moment is looking pretty shaky. Let pretty sha ky. Let us pretty shaky. Let us Focus On Cliff why are they such trouble with the unions . Partly because the entire aviation world suffered very much during the covid pandemic. Things are bouncing back. There is remarkable profits numbers at lufthansa, i billion euros, around 3 billion in profits, very similar to what the company which owns iberia of spain and British Airways did. They have earned that because there is huge demand for travel, but in europe in particular, capacity is still way down on pre pandemic times. Very simply, supply and demand kicks in. The unions are seeing the profits that are being made and they are very simply sa
That members are being careful not to mistep in either direction, whether that is cutting Interest Rates too soon or too little too late. He will have more to say in front of the Senate Banking committee on thursday. In other news making headlines, a former Google Software enginer has been indicted in california on charges of stealing Trade Secrets related to the compay s Artificial Intelligence technology. Our Asia Business correspondent katie silver has been tracking the developments and joins us live from our newsroom with the latest. He was arrested at home in california charged counts of stealing on behalf of two Chinese Companies stealing ai. We understand he worked as a Software Engineer from 2019. In 2022, he started being courted by a chinese start up to be their chief technology officer. From then until may 2023, he uploaded or stole about 500 different confidential documents, particularly pertaining to systems and chips that are needed by google to build their data centres t