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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 ....
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 to protect their own auto makers, making them more expensive. I think cheap chinese vehicles are a good thing for the environment. And i would tell you that china is transitioning from notjust being cheap but also being high quality and for us, we want to electrify our fleet and make sure it is affordable for our drivers to switch over to evs. The political considerat ....
Good Evening And Welcome to the Bbc News at six. The head of the security service, mi5, has given a rare public Speech Warning that russia is on a mission to bring mayhem to The Streets of the uk. Ken mccallum says there has been a marked rise in the threat from Russia And Iran. And he spoke of a staggering rise in children being investigated for terrorism with very young people are being drawn into what he called poisonous online extremism. Our Security Correspondent Frank Gardner reports. State back to sabotage and other plots in britain late today at the door of Iran And Russia according to mis. Door of Iran And Russia according to mi5. From the russian embassy In London the last remaining military Intelligence Officer has been expeued Intelligence Officer has been expelled This year. But russian State Subversion according to mi5 continues. The gru, the same russian organisation are blamed for the 2018 salisbury Nerve Agent Attack is on a mission to generate mayhem on british and Eu ....
In A Hundred years. Hurricane. The head of the services given a rare Security Services given a rare public Speech Warning that russia is on a mission to bring mayhem to the streets of the uk. Can mccallum says theres been a large rise in the moves of Russia And Iran, a staggering rise in the number of children being investigated for terrorism with very young people being drawn into what they call, poisonous online extremism. In they call, poisonous online extremism. Extremism. In the first 20 ears extremism. In the first 20 years of extremism. In the first 20 years of my extremism. In the first 20 years of my career extremism. In the first 20 years of my career here, i years of my career here, terrorist threats, we now face those alongside state backed sabotage in the European Land war. We do not back down from a challenge, it is ourjob. We challenge, it is our ob. We discussed challenge, it is our ob. We discussed the challenge, it is ourjob. We discussed the former chair of the Intel ....
At what the papers are saying about tomorrows news. Good evening. This is what Hurricane Milton looks like from space. It is gathering strength as it heads towards the West Coast of florida tonight. The worst storm there in a century is how President Biden is describing it. And it comes less than two weeks after another Storm Hurricane Helene brought terrible devastation to the area, leaving more than 200 people dead. The mayor of tampa said Hurricane Helene was a wake up Call Milton is literally catastrophic. Scientists say Climate Change and warmer seas are fuelling these increasingly dangerous storms. Our correspondent Gordon Corera reports from tampa in florida. An exodus from tampa. Long lines of Traffic Snaking out of the city tell you that the warnings are being taken seriously here. Florida is used to hurricanes, but the message has been that this time is different. The city is still recovering from the last hurricane, helene, which hitjust two weeks ago and killed more than 20 ....