Stay updated with breaking news from Cars mobility. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Fanning the flames. What can the government do? we talked again about the issues china is facing. Short of these stimulus packages, we don t know a great deal about where the money is being spent. Would you be looking for in order to try and turn this future is around? one of the big issues is the banking system is huge in china, it is loaded with bad debts. It s been forced to lend to bad projects for so long so the first thing to do is rescue the banks of this is something that the fed did after the financial crisis. Instead of giving them more money to lend and using that money to set up a fund, buy from them all of the bad assets and let them go back to a clean balance sheet and start over. The government can hold this bad debt, bad property investments for a very long time but the banks need to have better capital to start lending again and you need to stop forcing them to lend only to state owned enterprises which are not profitable and bad projects, bad infrastructure projects w ....
New information tonight on multiple phone calls between vladimir putin and former president trump s since he left office. The details well, from bob woodward in his latest book good evening. We start tonight with hurricane milton gaining strength at this moment and headed toward tampa, florida region still reeling from hurricane helene and that tonight for the second time in nearly as many weeks is expecting record storm surge, roads are jammed, gas running low in the area are not available in some places i want to show you something you don t see too often in florida. Take a look that treasure island near tampa and st. Petersburg. And your ghost town after people evacuated, one person who is there are boris sanchez will check in with him shortly an astronaut aboard the space spacex capsule published this timelapse video today, giving some idea of the sheer size of this storm and the like lifethreatening trouble at represents president biden today warned that this could be one of the w ....
Live from london, this is business today. We start with uber, the us Tech Firm that has become a global transport giant. Around The World some 6 Million people work as drivers and couriers through the uber app, and their services are used by 150 Million people at least once a month. Well, the boss of uber, dara khosrowshahi, has been talking to our business editor simonjack, about their plans to make the firm greener and get more of their drivers using Electric Cars. But hes worried that trade tensions with china are getting in the way. The us and europe are hitting chinese Electric Cars with hefty Import Taxes or tariffs ....
After the chinese government chose not to announce any additional measures today. Chinas chief economic planning official, zheng shanjie, told a Press Conference earlier hes fully confident the country can hit its 5 Growth Target for the year and had no further policies to reveal to boost chinas struggling economy. For more im joined by Alicia Garcia Herrero chief asia pacific economist at the bank natixis. Has that disappointed investors . Did they expect more . Yes they did because there was already a softening of the market overseas. Of course the chinese market was already closed. But already by friday you could see overseas markets waiting for more on the fiscal side. This Press Conference was announced in china and there was a big expectation that i ....
The worlds biggest Trade Blocs is deepening with china announcing new tariffs on Brandy Imports from the european unIon. It follows last Ion >Weeks DecisIon by the eu to push ahead with Import Taxes of its own on Electric Vehicles from china. Last Year China imported about 1. 8bn of brandy from the eu with the vast majority coming from france. From Friday Companies that import will have to pay a tariff of up to 39 to the chinese government after they decided their own producers ....