And dont forget theres more on all our stories on our website bbc. Co. Uk news. Now on bbc news live to singapore for Asia Business report the ban on Wearing Masks defied. Hong kong enjoys another weekend of violence, shutting down businesses already heard by the ongoing protests. The head of tata motors says indias Auto Industry has hit a speed bump. Could electric car production get it back on track . Good morning, asia. Hello, world. Its a monday, glad you could join us its a monday, glad you could join us for another exciting week ahead on Asia Business report. We start off with hong kong, the territory is cleaning up debris up tens of thousands of protesters took to the streets over the weekend in defiance ona ban streets over the weekend in defiance on a ban on Wearing Masks. The emergency law introduced on friday gives the chief executive extensive powers to maintain public order. The globalfinancial powers to maintain public order. The Global Financial hub is faced with growing
That would collapse to about 15 , and ev makers would essentially be allowed to bring in 8000 vehicles of the value of over 35,000. As you said, this is conditional upon them investing 500 million over the next three years, essentially creating a Manufacturing Base for evs. We will have to wait and see whether the likes of elon musk announced any plans on the back of this policy in the months ahead. The months ahead. Help us understand the months ahead. Help us understand the the months ahead. Help us understand the ev the months ahead. Help us understand the ev marketl the months ahead. Help us. Understand the ev market in india, and the challenges these Companies Might face. India, and the challenges these Companies Might face. There are a number of Companies Might face. There are a number of big Companies Might face. There are a number of big challenges, a number of big challenges, steve, including the fact that charging infrastructure at this point is very inadequate, and that will
And now nelson peltz wants to restore the magic at disney that he believes is lost under bob iger. It is super tuesday and while nikki haleys last hope in the 2024 election. It is anything but for investors looking to breakout the election stock playbook. Its tuesday, march 5th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Im frank holland. Lets get you ready for the trading day ahead and kickoff with the check of the u. S. Stock futures. The major averages all fell from the record alltime highs. You see in the red across the board. Nasdaq down more than. 50 . The dow would open 60 points lower. A big part of yesterdays pullback was linked to apple off the 2. 5 decline linked to the 2 billion fine from the eu alleging anticompetitive behavior in the music streaming space. Shares of apple here. Fractional losses doing nothing to top gainers with more than onefifth of the s p trading at fresh 52week highs. Disney, amazon, Jpm
results missed market expectations. delayed results, a missed market expectations. tesla s income and earnings fell by more than 20% in this past quarter compared to the same time last year. it is a big number, but not totally unexpected because the company has been slashing prices of its top selling vehicles over the past year. samira hussain has more from new york. bringing in 20% less income is, well, not good. what helps the electric car maker, however, is that it warned wall street this was coming, so it didn t come as a complete surprise given tesla cut prices on its top selling cars several times last year and in fact did it again this week. now, tesla is grappling with higher borrowing costs for consumers, slowing demand for their cars and so much more competition in the electric car market. so the price cuts did the trick. the company saw a 36% jump in deliveries, but the price cuts also mean that the profit margins on each card sold have gotten smaller. let s stay w