and are earning more than ever before. let s start with oil prices, because they ve risen some 20% over the past three weeks. this time last week, prices surged after the oil cartel, opec +, decided it would reduce its combined output by 1.1 million barrels per day. crude prices climbed after the cartel s announcement, but later in the week they steadied, following the latest us and chinese economic data which suggested weaker post pandemic growth. so where are we headed? russ mould, investment research director at aj bell joins me now. i m very excited about this. you are down by the seaside in brighton but actually here today. on the bank holiday we dragged you in. what are your thoughts about oil right now? opec + is seen as this organisation by the white house is not especially helpful when it comes to our outlook for the global economy, cutting production and causing another spike in the price of oil which is very inflationary? it spike in the price of oil which is very
china is the world s largest car market, and whilst tesla generates most of its money from its electric car business, boss elon musk has committed to grow its solar energy and battery business to roughly the same size. here s mariko with the details from singapore. it is quite a big deal because of course, tesla already has that huge plant in shanghai to make electric cars, so it is basically increasing its investment in china. the fact that this announcement came when tensions between washington and beijing are quite high, that is quite interesting. as you said, this is a mega factory, to produce mega packs. they are basically very large batteries that can store energy, so that they can help stabilise the power grid and also prevent outages. now, of course, many of our viewers associate tesla with those electric cars and that is where the company generates most of its money from. but the company s boss, elon musk, is very keen to also grow its solar energy and battery busine
hello and welcome. let s begin with the tensions around taiwan where chinese military forces are conducting drills for a third day. taiwan s defence ministry says it has detected 11 chinese warships and 59 aircraft around the island, 39 entered taiwan s air defence zones on monday morning. these are some of the latest images of the drills released by china s military and shown on the country s state television. the chinese display of force has added to tension between china and the united states. and the us navy says it has sailed a guided missile destroyer through contested waters claimed by china near the spratly islands to assert navigational passage rights. with the latest on the drills, here s our correspondent shaimaa khalil in tokyo. this is the third day of military drills. drills which china calls operationjoint sword. it is surrounding taiwan, a self governing island. china s military exercises happened hours within the return of the taiwanese president from her
abbey. cheering. and spain sjon rahm wins the masters in augusta and says he was inspired by the late, great seve ballesteros. china has carried out what it says is a mock air blockade of taiwan using jets carrying live ammunition in the latest escalation of tensions in the south china sea. in response the us has sent a destroyer to the area which the chinese have condemned as an illegal incursion. china began a series of military exercises just hours after the taiwanese president returned from a visit to the united states. it views taiwan as a breakway province that it wants to bring back under its control. shaima khalil reports. a show of force and fury. for a third day, china s military continued what it calls operationjoint sword aerial and naval blockade drills to seal off the island. the chinese army showed this short video of simulated attacks on taiwan, with missiles fired from land, sea and air into the island s territory. the chinese military confirmed that its ai
the electric car giant tesla has announced plans to build a new huge factory in shanghai. it will make thousands of lithium battery packs every year. china is the world s largest car market, and whilst tesla generates most of its money from its electric car business, boss elon musk has committed to growing its solar energy and battery business to roughly the same size. here s mariko with the details from singapore. it is quite a big deal because of course, tesla already has that huge plant in shanghai to make electric cars, so it is basically increasing its investment in china. the fact that this announcement came when tensions between washington and beijing are quite high, that is quite interesting. as you said, this is a mega factory, to produce mega packs. they are basically very large batteries that can store energy, so that they can help stabilise the power grid and also prevent outages. now, of course, many of our viewers associate tesla with those electric cars and tha