on who would have led the merged entity, zee essentially wanted it to be opening but sony was opposed to that because of a number of regulatory cases that are pending against him, such as corporate governance. despite nearly two years of negotiations and a 30 day grace period, this deal which would have created one of india s largest media entities has fallen apart. there are large implications of this, particularly on zee. they have been battling quite a terrible financial performance over the past years, but also for sony, given the huge amount of competition in the indian market. both of them wanted to face up to this competition jointly, but now they will have two face the likes of amazon, netflix and also potentially a merged entity between reliance industries and disney, single handedly that is of course something that has been speculated that there will be a merger between reliance and disney. it doesn t look like the saga is going to end anytime soon because sony has
among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it s been able to cool inflation without tipping the economy into a recession. that s called a soft landing and it s buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22 year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it s a different story for the chinese stock markets, which have been struggling in the new year. chinese premier li qiang pledged to take forceful and effective action to support market confidence. shares in mainland china and in hong kong have been hovering at their lowest points in as many years. this comes despite somewhat upbeat signals at the end of last year. for more on what we can expect from china,
investing the money they had originally promised. from new york samira hussain explains. after the ohio town where it is based,it after the ohio town where it is based, it started in 2019 and words heralded by then us president donald trump does company that was bringing back manufacturing. since then it has struggled to make electric shocks, making only a handful. they also blame part of their failures on the taiwanese company foxconn, which says promised to invest more money and to collaborate on vehicle development plans. foxconn, which has already invested more than $50 million, said it was hoping to negotiate a solution to lordstown s financial woes. lordstown is not the only electric truck maker that has been suffering lately, river yealm, but by amazon, has made less cars, trucks, advance that it had expected. it is all a big come down from the electric truck frenzy that had wall street investors just a few years ago. that is samira hussain in new york. in other news t
to cement its position in the top spot. the company s deliveries are the closest estimation to its sales figures. 0ur north american business correspondent erin delmore reports. byd calls itself the biggest car brand you have never heard of. but that may be about to change. the chinese automaker sold more battery powered electric vehicles in the last three months of the year than tesla did. that s a first. the american company is facing headwinds. higher borrowing costs in the us led to slowing demand. but its lesser known chinese rival is enjoying tailwinds, including a massive domestic market, cheap labour and strong government support. and, unlike tesla, byd makes its own batteries. so controlling that part of the supply chain gives byd more flexibility to cut prices, which it did in the last part of the year, sending sales spiking. as my colleague has just reported, tesla s latest number puts byd ahead of the curve. the chinese ev maker reported around three million in sa
the notes from the us central bank s last meetings show policy makers are feeling better about inflation. they a . ree better about inflation. they agree with better about inflation. they agree with investors - better about inflation. they agree with investors that i better about inflation. tie: agree with investors that rates are at or near the peak for this cycle. they also agree that that will come down this year. but they offer no clues as to how or when that will happen. just to remind viewers it started raising rates in march 2022. it did so 11 times, taking the benchmark weight to a range of five and a quarter to five and a half percent. inflation had dropped to 3.2% from a peak of 9.1%. new data out on wednesday showed the number of job out on wednesday showed the number ofjob openings in the united states fell to a .70 9 million in november. this points to weaker demand for labour, but it is still way above pre labels. that is consistent with the goal to slow the