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BBCNEWS World Business Report July 6, 2024



the us federal reserve ona charge! uk sales of electric cars overtook diesels last year for the first time. but it s still a long road to recovery for the auto industry. a wave of strike action, a growing cost of living crisis and huge pressure on health services just some of the problems mounting up for the uk this winter. so on wednesday prime minister rishi sunak used his first major speech of the year to promise to fix the uk economy. alongside pledges to tackle long waiting lists for medical treatment and stop illegal immigration mr sunak said he d slash the rate of inflation, restore growth and cut government debt. first, government debt. we will halve inflation this first, we will halve inflation this year to ease the cost of living and give people financial security. second, we will grow the economy, creating better paid jobs an opportunity right across the country. third, we will make sure our national debt is falling, so that we can secure the future of publ ....

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Exclusive-Shanghai plans faster offshore data transfer approvals for foreign firms-sources

Shanghai plans to accelerate approvals for foreign firms wanting to send their local data offshore, four sources with knowledge of the matter said, in what would be a major relaxation of China's stringent data rules unveiled more than a year ago. The Shanghai government in recent weeks discussed the so-called fast-track approval initiative with representatives of some foreign firms operating in the commercial hub, including western banks and asset managers, said two of the sources. The planned move comes as China is looking to woo foreign investors as the world's second-largest economy grapples with a sluggish post-pandemic recovery, a real estate slump, and a deepening markets turmoil. ....

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