Am sally bundock. We start in china, where the Chinese Vice Premier he lifeng and the European Commissioner for trade Valdis Dombrovskis are meeting in beijing today. The eu and chinas economic and trade ties will be the focus of discussions. The meeting comes at a time of growing tensions between the two superpowers. Earlier this month, the European Commission announced there would be an anti subsidy investigation over chinas car prices. China is accused of keeping car prices artificially low by huge State Subsidies a move that china says is evidence of protectionism by the eu. Trade between the eu and china is significant, especially for countries like germany, where china is their biggest Trading Partner. Im joined by anna ashton, china director at eurasia group. Lets unpack this. Good morning to you, anna. How are these trade talks likely to go, do you think . You think . Its hard to say exactly how you think . Its hard to say exactly how they you think . Its hard to say exactly ho
Additional spending cuts in the order of 120 Billion Dollars in the new fiscal year. Speaking at a Congressional Black Caucus awards dinner, the us president warned them against the consequences of triggering a shutdown. Lets be clear, the government shuts down, that means members of congress and the us military or going to have to continue to work did not get paid. A Government Cut down damages everything. Funding the government is why the most basic responsibilities of congress and it is time for republicans to start doing the job america elected them to do. Lets get this done. That impasse over the Us Government budget comes at a time when the us economy is facing a significant number of challenges. The us auto industry, which is a key economic sector, is facing an expanding strike which could have an impact on growth. And while the Federal Reserve decided to leave rates unchanged when it met last week, it has signalled that it will raise rates again before the end of 2023. Earlier
Business. They maintain they made that decision for sound commercial reasons. We will bring you more on this is the story does develop. Switching focus to the other story that we have been tracking and that is of apples new series of iphones. The new design comes in a Titanium Shell and improved video game abilities. It will return to usb cable. It did not raise prices. That decision does reflect the Global Smartphone stand that we have been seeing especially here in Southeast Asia. Now, the market in terms of sales saw a 15 drop in the april to june quarter this year compared to the same period last year. That said, the insight firm his figures were putting out expects an uptick in the second half of this year. South Koreas Samsung and china Market Leaders when it comes to smartphones and apple wants to target more affluent customers here in asia. It target more affluent customers here in asia here in asia. It is a very rice here in asia. It is a very price empathetic here in asia. It
Acknowledges and accepts the high court decision. We will have more reactions on that head on bbc as well. The new design comes in a titanium shell, a faster chip and improved video game playing abilities. It also ditched its Lightning Charging Port and will return to the usb cable. One big surprise it that it did not raise prices. That decison reflects the Global Smartphone slump, especially felt here in Southeast Asia. The market in terms of sales, saw a 15 drop in the april tojune quarter of this year compared to the same period last year. That said, Insight Firm Canalys expects an uptick in the second half of this year. South Koreas Samsung and chinas oppo are Market Leaders in this part of the world. Tech analyst Le Xuan Chiew says the apple wants to target younger, more affluent customers in here in asia. If we look at asia, its a Price Sensitive Market and the landscape, given that the Channel Requirements for apple it is something that apple has not done in a very long time. So
South Koreas Samsung and chinas oppo are Market Leaders in this part of the world. Tech analyst Le Xuan Chiew says the apple wants to target younger, more affluent customers in here in asia. If we look at asia, its a Price Sensitive Market and the landscape, given that the Channel Requirements for apple it is Channel Requirements for apple it is somethin Channel Requirements for apple it is somethin that Channel Requirements for apple it is somethin that Apple Channel requirements for apple it is something that apple has not done in a very long time. So i think that apple has been looking to do in Southeast Asia is investing in channel relationships, its presence in the operator channel, so this will help to bring in the price back of the iphones. You know, there is also back of the iphones. You know, there is also news back of the iphones. You know, there is also news of back of the iphones. You know, there is also news of apple there is also news of apple making that made in india ip