Contributor to americas lawyer is standing by to dig into the details of the drug making deal with the past show to this lets go and dive right in. The continuing and increasingly consequential effects of a trade war between the u. S. And china on chinese tech manufacturer why way lead our global report today the shenzhen based smartphone giant announced monday they are ready ng for a 40 to 60 percent decline in International Smartphone shipments as they face falling sales and a serious and perhaps crippling supply challenge the company has been reeling after it was placed on an entity list by the United States which bars them from being able to procure components from american suppliers while we sustain a 40 percent fall in International Smartphone sales in may compared to the month before while hes president and founder ranging fe spoke about the situation on monday cutting the companys expected revenue by nearly 20000000000. 00 saying quote we estimate will reduce production by 3000
Monday cutting the companys expected revenue by nearly 20000000000. 00 saying quote we estimate will reduce production by 30000000000 dollars this year and the next our revenues will be around 100000000000. 00 while way had previously planned for revenue of 120000000000. 00 in 2019 up from 104200000000. 00 in 28. 00. And signs of weakness in the jet in chinese economy that many or it should be doing in part to the lingering trade fight with the United States seem to be driving the slip and Oil Prices Oil prices fell by about one percent on monday on reports of the growth rate of chinas industrial output falling to a 17 year low growing just 5 percent year over year in may concerns about chinese growth appeared to have exerted enough downward pressure on prices to roughly cancel out the upward push late last week in the wake of the apparent attack on 2 oil tankers in the gulf of oman west texas intermediate futures rose by about one percent on friday while brant futures were up by about
This is boom bust broadcasting around the globe and covering the world of business and finance the impact and the impact upon us all im daniel brito in washington heres a look at whats on deck today while prices are in choppy waters with invent some forces pulling prices in either direction in recent days they must lamo think markets is on hand in london to drill through the market prospects for black gold last swine fever continues to spread this time reaching another nation in africa while it continues to roil markets around the world fred kaufman author of bet the farm joins us to sort through the swine situation and later big pharma is back in the headlines of major drug giant pfizer has carried out yet another takeover barrows contributor to americas lawyer is standing by to dig into the details of the drug making deal with the pack show to this lets go and dive right in. The continuing and increasingly consequential effects of a trade war between the u. S. And china on chinese te
And signs of weakness in the jet in chinese economy that many are attributing in part to the lingering trade fight with the United States seem to be driving the slip and Oil Prices Oil prices fell by about one percent on monday on reports of the growth rate of chinas industrial output falling to a 17 year low growing just 5 percent year over year in may concerns about chinese growth appeared to have exerted enough downward pressure on prices to roughly cancel out the upward push late last week in the wake of the apparent attack on 2 oil tankers in the gulf of oman what west texas intermediate futures rose by about one percent on friday while brant futures were up by about 4. 4 percent. On. And on hand now to break help us break down all the goings on in the Global Markets and oil trade and perhaps some surprising topics is name shes a market analyst at think markets. Name 1st 1st on oil prices what is your take on the slide in prices thats happening despite the tensions in the gulf lar
Hello and welcome to bbc news. The army have been called in to help shore up flood defences across West Yorkshire, with large parts of the uk expected to be hit by severe rain and wind from storm dennis. The regular troops and reservists have been deployed to ilkley and calderdale. The Highways Agency has warned of hazardous driving conditions and north wales police has urged people not to go out unless its absolutely neccessary. Matches in the scottish premiership at rangers and motherwell have been called off. There more than 250 flood warnings and alerts in place across the uk, and wind speeds are forecast to reach 70mph along coastlines. There is also travel disruption with British Airways and easyjet cancelling flights across the country with easyjet confirming they have cancelled 234 flights in and out of the uk. Helena wilkinson reports. A relative calm before the storm. Still clearing up from storm ciara last weekend, residents in the Calder Valley are bracing themselves for an