hello there. a significant easing of restrictions in shanghai, which will allow most people to move freely around the city after more than two months of a full lockdown. hooray! the curbs on movement have crippled demand and production. on tuesday, beijing unveiled a stimulus package with 33 measures to try and revive the economy. but china s overall policy of zero covid remains very much in place according to our reporters on the ground. joining me now is iris pang, who is the chief economist at ing wholesale banking. iris, is china open for business? yes, it is. the unwinding of long down in shanghai is a very big step but lockdown is a very big step to the recovery of china. very big step to the recovery of china- very big step to the recovery of china. ~ ., i. ., ~ ., of china. what you make of the olicies of china. what you make of the policies john of china. what you make of the policies john has of china. what you make of the policies john has had of china. wh
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on a chemical plant releases dangerous gases. oil prices struggled to rebound this morning afterfalling more than a% late tuesday in reaction to a wall street journal report that opec was considering removing russia from an agreement that has locked producers into limited output increases. however, russian foreign minister sergei lavrov met his saudi counterpart, prince faisal bin farhan al saud, in riyadh on tuesday and both men praised the level of cooperation inside opec. joining me now is victoria scholar, head of investment, interactive investor. wildly different accounts here, really, of the levels of cooperation and agreement within opec. do we know what is going on? it within opec. do we know what is auoin on? , ~ within opec. do we know what is uaoinon? , . ., going on? it is difficult to sa but going on? it is difficult to say but clearly going on? it is difficult to say but clearly we - going on? it is difficult to say but clearly we have . going on? it is difficult
bikes come in, they are presold to shops, straight out the door, leaving warehouses again of any replenishment. all of the issues around shipping and shortages of hgv drivers, they all play a part in the delays, but the source reason goes right back to asia, where government enforced factory shutdowns limited capacity because of social distancing, all of these issues have led to the supply output from the major component manufacturers having a knock on impact of bicycle factories being unable to build enough bikes because they did not have the components. and that will be an ongoing problem. i got notified yesterday that the chinese government is beginning a series of enforced power shutdowns, regionally, where each region will have to take its turn having its power turned off, and that means factories will basically be producing nothing for 14 days. when