To European Markets opening up, and the close in asia saw significant gains in Hong Kong and japan. The picture there is across the world, that is last night but this is what we are drawing our attention to here, the Hang Seng up by almost 4 and then Ak Injapan up by 3 as well. For more, joining me now is rory green, chief China Economist at t5 lombard. How significant are the new measures . It isa it is a significant Step Up in stimulus from beijing. What we have had announced so far, and we have got clarity on the monetary Side And Today the Politburo Set for september gave us an indication, we do not yet know the size of a fiscal stimulus and that will be crucial to assess the acceleration of growth. As you touched on, until traders are loving these signs and china assets are ripping higher. Observers have been saying for quite some time that beijing needs to do something dramatic to stimulate its economy. Why has it waited so long or until this point to do so . It has it waited so
North of beirut, where again, an israeli strike this morning has targeted, we are told, a senior Hezbollah Commander in the north of the country. We had seen pictures of members of the north Lebanese Red Cross searching through the rubble for survivors from the early morning attack. We saw this morning attack. We saw this morning in the early hourS People in Tel Aviv waking up to the news that hezbollah had targeted israels biggest most populous city with a Ballistic Missile. It is the first time that one of those really scaled up that one of those really scaled up weapons has been used in this conflict. It has clearly been used to send a message by hezbollah that even after several days of fierce israeli strikes, hezbollah wants to show it still has the capacity to strike back inside israel. Just want to show you this footage from the event earlier in the day. You can clearly see and hear the sound of the Air Raid sirens in this footage, which shows the missile just after it was inter
The american makers of the novavax Coronavirus Vaccine have reported promising findings from a large scale trial in britain, raising hopes the jab could be rolled out in a matter of months, boosting global supplies. A study was Strong Enough to protect against a highly transmissible british variant of the virus. Heresjon donnison. Another scientific breakthrough in the fight against coronavirus. This time, from the us firm novavax. Results of the us firm novavax. Results of the Companies British Trial showed the first proven efficacy against the new more contagious uk variant. There were more than 15,000 volunteers on the trial throughout the uk. 0ver volunteers on the trial throughout the uk. Over half the cases of covid 19 recorded came from the new variant. It is very significant because we were able to show that the vaccine works well against both the old, the original strain and the new strain, that had 96 efficacy against the original covid 19 strain and yet still had 86 efficacy
In on that breeze. Not a bad day, actually, for many of us. Some Sunshine Looks like it could break through. And, again, were in that milder air with temperatures up to around about 1a to 16 for most of us. This is bbc news, the headlines redefining extremism at the uk government names groups that are a cause for concern and could face restrictions. Us Senate Majority leader Chuck Schumer says Benjamin Netanyahu is a major obstacle to peace as israel vows to push ahead with its rafah offensive. Elon musk s Spacex Mission is hailed a success even though the Starship Rocket is lost on re entry to earth. Tiktok warrants a us ban could cost us businesses billions of dollars and thousands ofjobs. And for the first time in its history, glastonbury will have to female Headline Acts. Find out which artists get the prestigious sports. Just before we go to business, some Breaking News to bring you involving a plane which was carrying the defence minister grant shapps on his way back from poland
10 15pm on the 13th Of August on sunday, those two men were standing outside the nightclub, in south london, they were approached police say by a man who attacked them with a knife before running away. Both men are in their 20s or 30s, they were taken to hospital for treatment and have since been discharged, there has been no officers, officers are following up leads, they are crucial in the Ongoing Investigation what they described as a homophobic attack of the two men. We will of course have more on that story as we get it but now lets go to tie and write for the business news. Lets start with china. Weve had some worrying data this week fuelling fears about the health today, Property Prices fell for the first time this year due to flagging demand house prices fell by 0. 1 injuly, compared with the same month last year. Going into reverse again for the First Time Since china began to emerge from its covid lockdown. 0n wednesday, on wednesday, Retail Sales Growth slowed to 2. 5 , a si