is on track to meet the government s target of 5% growth this year, a goal that, by the way, observers and even officials themselves admitted will not be easy to achieve. but beijing has unveiled fiscal and monetary measures to try and set the country on the recovery track. it s again focusing on infrastructure spending as well as high tech manufacturing. and that gdp growth figure of 5.3% in the first quarter could be a hint that the strategy is starting to pay off. so, isuppose, whether that can continue. can the economy maintain that sort of growth rate in future? it s really too early to say at this stage. aside from the quarterly growth figure, the rest of the data out today has not been so positive. factory output retail sales released alongside that gdp report showed momentum is slowing. that s on top of other disappointing figures released earlier on exports, on consumer inflation and bank lending. so again, despite those positive growth figures for the first quarter,
compared to the last asessment in january. it s big concern is about inflation the rate at which prices are rising. on the global measure the imf is using, it thinks it will be 2.8% by the end of this year and warns that getting inflation back to their 2% target should be the priority for central banks. for many politcians that s been a key concern as they try to ease cost of living pressures for people around the world. here s the imf s chief economist. the global economy continues to display remarkable resilience with growth holding steady and inflation declining. but many challenges still lie ahead. global growth was 3.2% in 2023 and is expected to remain at that level both in 2024 and 2025. this represents a 0.3 percentage point upgrade from our 0ctober projections for 2024, with stronger activity than expected in the us, china and other large emerging markets, but weaker activity in the euro area. 0ur correspondent michelle fleury is following this from new york. let
critical safety issues. she claims they pretended that they didn t know. and you decided to go right to the top. you went to elon musk himself? i tried to. and what exactly was the safety concern? they realised that they make a design engineering mistake on the carpets. you know, the carpets that you have under the adults and in the front of the car. so what happened is those carpets, they were curling under the brake and under the acceleration. cristina further claims that she d heard there were complaints made about this issue. so she believes tesla was aware of it. she claims that when she shared her worries, tesla s management turned hostile. she lost herjob, sued the firm and won. but then tesla did something unexpected. they dare to accuse me of serious crimes like embezzlement. theyjust purely invented those with one scope in mind, to give a lesson to everybody who dared to speak up. tesla said in a public statement that cristina had used company resources for a secret
just take us through what she d been hearing at the inquiry this morning. it s building on a theme that started last week from senior managers at the post office. today it was david miller he were benchley became the chief operating officer of the post office. he started his officer in 1970 as a trainee. he was a project director of the horizon it system and its implementation. he was in charge of how it was tested, how it was implemented in the late 19905. how it was implemented in the late 1990s. this morning s evidence was about how that testing wind, and there was off line testing, and there was off line testing, and there was off line testing, and there was live testing with sub postmasters. he was questioned about some of the bugs and faults that came up before the system was rolled out across the country. the inquiry heard that during the testing, some of these bugs, including the issue of how cash balances could be effectively changed in the accounts, how it had come
on monday following the news. let s speak now to joshua mahony, chief market analyst at scope markets. good to see you. no great surprise, we know that market for electric vehicles is a different difficult one in which to operate a lot of price pressure from chinese made vehicles, but it feels like quite a significant moment in tesla s development? you can look back tesla s development? you can look back at tesla s development? you can look back at the tesla s development? you can look back at the history - tesla s development? you can look back at the history of - tesla s development? you can look back at the history of the | look back at the history of the company and you will see every couple of years they do actually slash the workforce, you have seen it also across a number of different technology names over recent years. ultimately, if you look at what elon musk is saying, he is saying this is more attributed to streamlining after a period of growth and alignin