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
Welcome news, but a long way to go. What happens now . Welcome news, but a long way to go. What happens now . Good morning. This is the first step what happens now . Good morning. This is the first step that what happens now . Good morning. This is the first step that does what happens now . Good morning. This is the first step that does indicate is the first step that does indicate they could be a socialist led government in the future weeks, but it was an inconclusive General Election with a hung parliament, so there is still a chance there will be a Repeat Election in a few months. Nothing is clear yet, but we know that might become certainty. We will see how this changes in the next few weeks. In principle there is a deal between the socialist. We will find out pretty soon. This is a deal between the socialist. We will find out pretty soon. Will find out pretty soon. This has all weighed will find out pretty soon. This has all weighed quite will find out pretty soon. This has all w
There will be a Repeat Election in a few months. Nothing is clear yet. We know that markets dont like uncertainty. We will see how it changes in the next few weeks. In principle, there is a deal between the socialists and the catalan party. If that extends to government, we do not know yet. We will find out pretty soon. This has all weighed quite heavily on spain in general, hasnt it . Talk us through some of the issues the country has been facing. Well, yes, at an economy level, spain is really struggling with unemployment, it is a structural problem, for the past few decades. It is the highest in all of the european union, between 11 and 12 . Especially Youth Unemployment is very high, around 20 . Is very high, around 28 . Also the highest in the eu. So the main struggle for any. The main challenge for any government is reducing unemployment. There has been progress in the past few years under the socialist led government. It has been reduced. But it still has a long way to go. Now,
Artificial intelligence and other developing Artificial Intelligence like robotic and Quantum Computing are important for long term growth. A senior strategist gave us his highlights. I think that there are two things that really catch my attention. One is the governments emphasis on improving Co Ordination between governments, local governments and local governments and the central government. Now, not many people talk about this. But i think this is quite important, because if this Co Ordination programme or plan is implemented effectively, it will go a long way to improve Policy Implementation in china. Because very often, governments dont really talk to each other much, and that really slows down government implementations. This is very important for me. And the number two important thing is, as you mentioned earlier, that theres an emphasis on the development of ai Tech Development and so on. That goes a long way to underscore the Policy Framework that beijing wants to implement t
A sharp fall in its net profit, slipping 25 in 2023 compared to the previous year. Aramco attributed the downturn to Lower Crude Oil prices and decreased production. The companys net income dropped from 161 billion in 2022 to 121 billion last year. Despite the challenges posed by declining oil prices, aramco will increase its dividend payments, providing a much needed financial boost to saudi arabia. Lets get more now from our middle east Business Correspondent sameer hashmi. With a big fall off in profit, why is it increasing its dividend . It its dividend . Is a steep fall compared to 2022. It is a steep fall compared to 2022. It is still the second best performance in terms of annual results at 121 billion. Two reasons why they increased the dividend pay out. Number one, Aramco Abbott is the main driver of the Saudi Arabian economy. Saudi owned entities own 19 of it and they rely heavily on that income to really find some these massive projects inside arabia. They tried to keep the