the uncertainty in oil demand at the moment. so, you know, you look around the world, we ve got inflation that s digging in its heels in a number of countries. that really raises the prospect that interest rates stay higherfor longer that would dent demand for oil. similarly, china s manufacturing led growth recovery is showing a little bit of shakiness in some areas. if that were to continue, that would also dent demand for oil. so look, i think we re really seeing that being reflected in opec s decision here. it doesn t change our view too much in the short term we had those cuts baked in until the end of this year, 2025 is really where we expected to see oil prices come back down a little bit quicker. this mayjust be a little bit of a handbrake on that going forward. let s turn our attention to china next. we re expecting some pmi data out in the next few hours. what are your expectations there?
to open a de facto embassy. lithuania has deepened ties with taiwan in recent years, including in the semiconductor space, where taiwan is helping lithuania develop its chip manufacturing industry. i spoke to prime minister ingrida simonyte when she visited singapore recently. she told me how lithuania responded to beijing, and where relations stand with the world s second largest economy. the best answer was to, first and foremost, to look for our partnerships, for our businesses. and i think this goes well, and then, also to speak about this on the international level from eu to wto. now there is an anti corruption mechanism that has been elaborated at european level. anti coercion mechanism. and i think european policy eu policy, vis a vis china, is becoming much more coherent than it was. tariffs that the us has imposed on china when it comes to ev and chips, and tech do you see that having any impact on what it is you re trying to do? the world is shifting
and i think european policy eu policy, vis a vis china, is becoming much more coherent than it was. tariffs that the us has imposed on china when it comes to ev and chips, and tech fo you see that having any impact on on what it is you re trying to do? the world is shifting to a reality that is quite different from what we were believing some 20 30 years ago, when there was a very strong belief of reduction of tariffs, globalisation, international trade and, yes, in theory, or by david ricardo, we all know that this makes everybody richer. but what is less pleasant in this equation is that it works. i think only when countries are on the same ground when it comes to democracy, human rights, independent courts, freedom of speech, free elections, and so that
i suppose not an entirely surprising decision. we had expected some of these cuts to continue through to the end of the year. what we saw over the weekend was something that went a little bit further than that. but really, i think that reflects some of the uncertainty in oil demand at the moment. so, you know, you look around the world, we ve got inflation that s digging in its heels in a number of countries. that really raises the prospect that interest rates stay higherfor longer that would dent demand for oil. similarly, china s manufacturing led growth recovery is showing a little bit of shakiness in some areas. if that were to continue, that would also dent demand for oil. so look, i think we re really seeing that being reflected in opec s decision here. it doesn t change our view too much in the short term we had those cuts baked in until the end of this year, 2025 is really where we expected to see oil prices come back down a little bit quicker. this mayjust be a little bit
one of the reasons that he wants to be president s so that he can pardon himself because his conviction would be certain. why is that? why would he win the republican nominee is a federal prison? you can be president, even though you re in prison. as long as you re 35 years old, you ve been a resident of the united states for 14 years, natural born citizen. he can be president. in other words, why does that make him a good candidate for republican voters? why republican voters want on a time to be president, i think a hit he had a pretty good presidency. in fairness, he had a pretty good presidency, vis-à-vis china, vis-à-vis eastern europe. china, in terms of the tax, the taxes on chinese goods coming through,. but russia russia was phony. covid, i don t think he got high marks for how he handled