Us Energy Secretary tells me how the world can tackle an Energy Crisis that is returning to knock the Global Economy off track. Also on the show, india its one of the worlds Fastest Growing economies, so can home grown Airline Vistara cash in on growing demand for flights despite High Oil Prices. Im going to check in with its big boss. Wherever you werejoining me from Around The World, once again, a big hello and a warm welcome to the show. You know, as the war in ukraine rages, one of the most noticeable impacts for the rest of the world continues to be the soaring costs of our energy. As europe approaches the cold winter months, which typically causes demand for oil and gas to surge, millions, millions of households and businesses are worried aboutjust how they are going to afford to pay their bills. Politicians in europe and across the rest of the world are trying to take action to limit the economic damage, but also come up with long term solutions. Two numbers explain the scale of
us energy secretary tells me how the world can tackle an energy crisis that is returning to knock the global economy off track. also on the show, india it s one of the world s fastest growing economies, so can home grown airline vistara cash in on growing demand for flights despite high oil prices. i m going to check in with its big boss. wherever you werejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, as the war in ukraine rages, one of the most noticeable impacts for the rest of the world continues to be the soaring costs of our energy. as europe approaches the cold winter months, which typically causes demand for oil and gas to surge, millions, millions of households and businesses are worried aboutjust how they are going to afford to pay their bills. politicians in europe and across the rest of the world are trying to take action to limit the economic damage, but also come up with long term solutions. two numbers explain
Like fentanyl. A white house summary of the call included a few others like chinas unfair Trade Policies and venting access to technology. On the chinese Side Resident Xi called on any taiwanese independence a redline and accused the us of trying to suppress chinas development of advanced technology. Overfour development of advanced technology. Over four days of meeting treasury secretary jenny yellen is expected to meet with some of chinas top political and economic officials as well as American Business leaders and chinese professors and students. She is expected to warn china against flooding the market with cheap, clean energy the things like Electric Vehicle and lithium ion batteries. The white house is trying to bolster that industry domestically by offering its own tax brea ks breaks and subsidies. Tesla shares have fallen almost 5 percent. Thats after elon musk s Electric Vehicle maker reported deliveries have fallen sharply in the First Quarter of 202a. The company handed over
To an all weather partnership. Kishore mahbubani was singapores former ambassador to the united nations. He gave me a sense of what lies ahead for eu china relations. Trade differences are normal. The important thing is notjust the trade in balance but the trade volume. At the end of the day, as you know, europe is looking for new sources of growth for itself and europe is acutely aware that china is going to become a very, very important market for eu products too, and let me give you some very important statistics so listeners understand how things have changed. In the year 2000 the european economy combined, eu economy combined was six times bigger than chinas economy. Now they are the same size. In five years time china will be bigger than the european union. Europe is aware of this. While they will have difficulties over trade they also rely china is it going to become the big market for them also, so thats also part of the european calculations. Do you seeing that the Balance Of