All eyes are on britains to be new Prime Minister Boris Johnson and his plans for brakes it the country hasnt even left the e. U. Yet but already there are signs of britain entering a recession. And the robots are coming no joy to say at this bar in prague machines are already mixing the drinks. Back up to do business asia i want to go jones good to have you with us now then the Chinese State owned motoring group be a i. C. E. s buying a 5 percent stake in germanys dime it for the boost to beijings holding in the maker of mercedesbenz costs diana was already almost 10 percent owned by chinese comprende g. E. Its the companys biggest single shareholder and now we can add to that b a i cs 5 percent holding that takes chinese Shareholder Stake in diamond to just under 15 percent thats almost as much of the company as is owned by us shareholders other
stakeholders and on the include q wait sovereign savings fund and rivals rhino and nyssa who have across holding the rest of the luxury carm
pulling $300000000.00 u.s. dollars in funding the a i b would have injected the construction projects with an additional 200000000 dollars. an indian government committee headed by the country s finance secretary has taken aim at cryptocurrency it s recommending a ban on all private virtual money and stern repercussions for anyone dealing in it the panel proposes up to 10 years imprisonment or a $250000000.00 rupee fine for anyone found to be trading in digital currency issued by foreign private enterprises this would include facebook s libra which is set to launch sometime next year indian tax authorities have already contacted sal s of individuals currently dealing in crypto currency after a nationwide survey highlighted more than $3500000000.00 u.s. dollars worth of transactions over a 17 month period. and a more high let s bring in josie john a business journalist who joins us now from bangalore good to have you with us
although revenues slipped by 2 percent year on year net income also declined even though the bank still posted solid profits of 2200000000 dollars for the 3 month period j.p. morgan chase said revenue in its retail bank division surged by 11 percent but investors were concerned about slower loan growth tighter lending margins and soft capital market results net income still exceeded 9200000000 well ahead of expectations. the bank s c.e.o. jamie dimon said positive momentum in the u.s. economy was helping the banking sector but he pointed to geo political uncertainties as a reason for the dips and the banks market driven business. the results are broadly in line with the robust growth the u.s. economy continues to enjoy at the end of july it would have grown for 121 consecutive months the longest hot streak since records began in 854.