Then go is widely believed to have committed suicide in 890. 00. The us fed leaves Interest Rates unchanged but leaves the door open for a later cut so what does that say about the American Economy and about the Central Banks independence from a pushy president. Also on the show the u. S. Hopes to bolster its coal power plants unveiling new rules that scrap of missions targets and will likely slow the ships renewables. And will take you to a school in a world gonna where the power of play is helping to keep the lights on. Welcome to business im Stephen Beard thanks for watching. The Federal Reserve has left the key lending rate unchanged in the 2. 25 to 2. 5 percent range but some fed officials apparently expect
a rate cut by the end of the year announcing the decision fed chairman Jerome Powell pointed to concerns over weakening Global Growth and volatile International Trade relationships just a day ago similar preoccupations prompted the European Central bank to signal that its ready
Into society. This is the business im on in berlin welcome surprising figures from china show the countrys industrial output grew at a significantly slower rate than expected during october production increased by 4. 7 percent year on year despite many analysts expecting growth above 5 percent demand in the worlds 2nd biggest economy has been slowing and g. D. P. Growth is at its lowest rate for 3 decades chinese investors are hoping to get in near term boost if a preliminary trade deal can be reached with a us. Maximillian count felt from the market the institute for China Studies joins me now in the studio welcome now china introduced all these measures in order to shore up growth like cutting taxes for example it would appear that these measures that work youre right weve seen i receive
a continued slow down in the if you look at Economic Growth as a hold of was reduced a few quarters ago at a attempts to score to resource low down to the lowest growth ever basically and for october
Shenzhen and Wuhan have become the latest Chinese cities to ease home purchase restrictions to boost sales, as a growing number of major metropolises take steps to support the country’s slumping property sector.
The city’s commercial real estate market recovered partially in the first quarter of 2024 and is gearing up for further stabilisation this year as a rebound in consumption and policy support drive demand for leasing and investment, analysts say.
In exports in december but weak Credit Growth and persistent deflationary pressure calling for more stimulus measures. Today 0xfam has released its report on inequality and global corporate power. Its release coincides with the World Economic Forum in davos that we just talked about. Critics of the summit say it is failing to address growing global inequality. 0xfams report says that the wealth of the poorest 60 has fallen that accounts for almost Five Billion people. The report also shows that in that same time corporate wealth has soared, with the worlds five richest men more than doubling their fortunes. 0xfam says that if we stay on the current trajectory, the world will have its first trillionaire within a decade, but Poverty Wont be eradicated for another 229 years. Live now to swetha ramachandran, fund manager, artemis investment management