Of the Global Economy given so many countries do so much trade with china. Chinese Government Data shows that the value of exports fell 14. 5 compared to the same month a year ago. That suggests the rest of the world is buying less stuff. The value of imports also fell by more than expected, down 12. 4 onjuly a year ago. But that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government, who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period, as the country continued its post covid recovery. And last month, chinas struggles were cited as a key concern for the Global Economy when the International Monetary fund updated its Global Growth forecast for this year to 3 . David woo is a former imf economist and wall street strategist and has been telling me what he makes of the numbers. You know, like some people are going to say, well, this is just basically a reflection of the curren
is what the us is going to do next to stop china s basically, you know, export of evs. and i think this is going to be the million dollar question in 202a. the share prices of italain banks have taken a battering the share prices of italian banks have taken a battering after they were by a 40% windfall tax on their profits for this year. the biggest, intesa sanpaolo, is down almost 9% and number two unicredit is down nearly 6%. the government says that collectively the banks have been making billions in extra profits, as interest rates have risen in the battle against inflation. the tax could bring in around $3 billion for the government, which it says it will use to help those who are struggling with the cost of living crisis, as our business editor simonjack explains. king at its root is a pretty basic business. banking at its root
and left of of the falcon nine dart, nasa s first planetary task to intentionally crash into an asteroid. and a successful takeoff nasa launches its spacecraft on a mission to save the earth from dangerous asteroids. sport and for a full round up, from the bbc sport centre, here s kat downes. good morning. what a night it was for the english teams in the champions league. chelsea thrashed italain side juventus 4 0 at stamford bridge to book their place in the knockout stage, and manchester united willjoin them there. just two days after 0le gunnar solskjaer left old trafford, interim boss michael carrick guided them to a 2 0 win over villareal, as natalie pirks reports. with 0le out, coach michael carrick was at the temporary wheel in spain. the wheels have been well and truly coming off of late, and the warning shots