Suffered multiple setbacks. A fire at its gigafactory in berlin halted production. Higher interest rates, which put up borrowing costs, are also taking a toll and it has an ageing line up of vehicles. But it is the Chinese Market that investors are most worried about. Dan ives from Wedbush Securities blamed rising Ev Competition and a lingering price war for the challenges that the Company Faces in that market. The gloomy outlook, well, its driven teslas stock down roughly 30 since the start of this year. Still one bright spot it looks poised to retake the title of largest ev maker in the world from chinese rival byd, which on monday said it had sold around 300,000 evs during the quarter. Here are some of them might have, tesla and other makers of Electric Vehicles the Senior Minister in the Indian Government in charge of Road Transport has said that the country will have no diesel or petrol vehicles in the future. But the minister didnt give any timeframe for this and vicious target n
Is planning to buy some of those apartments, relax the rules on Mortgage Borrowing and step in to put the finishing touches on unfinished units. Separately, one of those big developers, Country Garden holdings, was today given another four weeks by the high court in hong kong to sort out its 190 billion of debts before hearing a petition from debtors to wind the company up. Duncan wrigley, Chief China Economist at Pantheon Macroeconomics joins us. What do you make of what weve heard today . Is it enough to contain the chinese Property Crisis . Yes, i think what weve heard today is from various officials, its helpful, but its probably not a panacea. So, you are right, there are moves to boost Housing Demand through easing mortgage terms, allowing people to borrow more, lowering Interest Rates and that should boost Housing Demand but a lot of that will go into the second hand Housing Market where there is a big overhang. The second big policy is allowing governments, especially local gov
Conflict is real, very real, and extremely dangerous. More on that, the story that is dominating the news agenda, but we will pose for the next few moments to catch up with some of the business headlines of the day. We are going to talk about what the us treasury is doing in response to the situation in the middle east. The us has imposed sanctions on what it described as ten key hamas operatives and facilitators. They said it was to prevent hamas being able to raise funds to carry out atrocities. We can cross live to new york and our Business Correspondent michelle fleury. What more do we know about this . At michelle fleury. What more do we know about this . Know about this . At the heart of this, this is know about this . At the heart of this, this is an know about this . At the heart of this, this is an effort know about this . At the heart of this, this is an effort by know about this . At the heart of this, this is an effort by the know about this . At the heart of this, this is
The concern has been that this conflict in israel, between israel and hamas would lead to a widening Global Crisis that would threaten the Global Oil Supply and thats why we have seen these crude Oil Prices Rise in the last week, rising up 7. 5 , marking its biggest weekly rise since february. This morning we are seeing that we can to steady and there are a couple of reasons why there are a couple of reasons why the market is changing its tune is one of them is Bank Earnings which we pointed out on the other is present by the s planned a visit to israel. We can start with President Biden and his visit comes at a crucial type and is being taken by investors as a signal that the crisis might see efforts to be contained. We are seeing that temperance not only in the price of crude oil but also with investors pulling back slightly from some of the safe haven assets, things like cold gold and stable currencies and treasury bonds. When we get to the big Bank Earnings, this is earning season
Welcome to Southern Israel. We are less than a mile from the border with gaza. In the last few minutes three more rockets fired by hamas have landed not far from here. Throughout the day we could hear and see israels in doing attacks against Northern Gaza. Continuing attacks. You can see the city where many of the residents have fled south, fleeing israeli air strikes where the attack still continue. In the latest and diplomatic development, joe biden has confirmed he will arrive in israel tomorrow to hear first hand from the israelis about their plans for an expected Ground Invasion. It follows the attacks ten days ago here in Southern Israel by hamas which killed 1300 israelis, including other nationalities. Hamas is an organisation designated as a Terrorist Group by many western governments, including the united kingdom. 0vernight local officials in gaza say they were more israeli air strikes, in gaza say they were more israeli airstrikes, more in gaza say they were more israeli air