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mischievous asia s richest man hits back against us traders who raised doubts about his finances, wiping $10 billion off his companies share prices. and never too late to influence why brands are seeking out older people to push their products hello. we start here in the uk, where in a few hours time the government s finance chief chancellor of the exchequerjeremy hunt will announce plans to boost the economy and tackle the country s poor productivity. central to those plans, freeing the city of london s giant insurance firms from eu rules on how much cash they have to keep in reserve. they say it could release 100 billion pounds to invest in things like clean energy and infrastructure. mr hunt will also warn against an attitude of declinism amid accusations from business that post brexit uk is in danger of getting left behind in an increasingly competitive world economy. the future looks very uncertain because you have that ira, the 350 billion dollars been spe ....
Leading to the company having to pay out compensation to customers and slowdown its production of its 737 max. Its also being investigated by Aviation Regulators and the Us Department ofjustice. The figures tell us that revenues were down by 8 . Lets cross to new york now to erin delmore, our north America Business correspondent. Its not a surprise given boeing has beenin its not a surprise given boeing has been in the news so much lately are not in a good way. If anything may be the surprising thing is that the results were little better than expected. Expectations were low and thatis expected. Expectations were low and that is after a door blew out of a Jet Injanuary and in the resulting months that has slowed production for the plane maker. They reported a < ....
Hello. Good to have you with us. I am sally bundock. Lets now dissect the top business stories. We start in the us where tesla has revealed the biggest slump in earnings in more than a decade as the road gets increasingly rocky for the electric car industry. Tesla made profits of 1. 1 billion in the first three months of the year. Thats a fall of 55 on this time last year. Revenues were 9 lower and both numbers were worse than investors had been expecting. But tesla shares which have taken a pounding this year jumped around 11 in after hours trade after the company promised quicker progress on new more affordable models. From new york, heres erin delmore. Its been a rocky road fit for this year. High Interest Rate that taking a bite out of consumer Purchasing Power and pushing big purchases out of reach. Competition with china especially over electric vehicle maker byd is he ....
Bbc our horses have returned to the barracks and are undergoing veterinary care. Three soldiers are in hospital receiving treatment and their injuries are not deemed to be life threatening. The bbc understands a fourth person was injured who was a cyclist and a member of the public. Plenty more on the bbc news website on that. Those alarming scenes we saw earlier today in central london. I think we can show you the pictures . No, while we wait for business ben thompson is here. Letsjust wait for business ben thompson is here. Lets just show you that auction thats going on in vienna at the moment, that painting that had been found. Very unusual apparently. The auction is just starting for that painting and you can see it on the left of your screen. This painting that has been found and its supposed to be extremely significant and very unusual. They are expecting it to reach somewhere between 30 million and 50 million. So a huge amount expected and we will wring you that when we have it. ....
Translation i am working very hard to try and make a living for what i love doing. I see my friends with full time jobs only making e700 a month. They take advantage of the fact that were young because they know that were going to shut up and take whatever money they give us. In the city of algeciras, these kids face a tough future. It feels like a bustling place, but 40 of young people cant find a job, the highest rate in the whole country. The sky high level of unemployment here in algeciras means theres huge scepticism that anything will change for the better after the European Parliaments elections in six weeks time. There are deep rooted economic problems and despite the vibrancy of this place, Success Stories are pretty hard to find. But this is one business is good at this repair company. A 230 metre long container ship, the latest vessel theyre fixing. Its meant ....