Business on robots in berlin welcome to the program the beijing motor show is finally taking place after an almost 6 month delay because of the coronavirus pandemic its the 1st major Auto Industry fast since the covered 19 outbreak and comes just months after reports a drop in car sales a record drop indeed the manufacturers passers by the economic fallout of lockdowns the event off as an opportunity to showcase their latest innovations as they strive to gain market share in the worlds biggest auto market one of the highlights is the array of socalled new Energy Vehicles thats electrics and hybrids which make up 25 percent of the exhibition this year. Lets speak to aunt ellen cost too much analyst with Investment Advisors bernstein how important was it for the Chinese Government to get this event off the ground this year. Well look i think its a hugely important to show the strength of the economy its back the consumerist back were handling the coronavirus relatively well in china and
Ups between azerbaijan and armenia the 2 former soviet republics in the caucasus accuse each album of reaganite a decades old conflict on the border. Plus in football the bonus legal springs a big surprise perennial champions by munich take such a tough time but the match didnt go like everyone expected to the left found an expert. Possibly shocked. And gather as welcome to the program u. S. President on the trump pass dismissed a New York Times report detailing years of tax avoidance according to the article trump paid 0 federal income taxes in 10 of the past 15 years and only 750 dollars the year he was elected from is the only present. Since the 1970s not to make his tax filings public report came just days before trumps 1st president ial debate with democratic rival joe biden and weeks before election day in november. According to the New York Times reports trump was able to minimize his tax bill by reporting staggering losses across his business and pot. Now lets bring in the spee
What are we doing what, when, and how will it turn out to secure jobs and economic recoveries engine trouble shares in royals royce fall toward the bottom of the European Market as the Aerospace Engineer sees the Credit Rating cut. And the European Commission reportedly strikes a deal with roche to supply covid19 treatments to eu Member States but the swiss drug maker telling us its committed to meeting the needs of patients worldwide. And the stock markets here in europe have been trading for an hour so well well dive into what were witnessing the market has moving slightly positive modest gains here. Not exactly keeping pace with wall street where weve seen gains on the three major indexes but markets have been softer especially on the core markets theres been a lot of german stocks, in particular. Its been slightly disappointing week in terms of pace of acceleration for stocks here as the heat map is telling you, theres fairly evenly split trade between some of the gainers and loser
Lets get your headlines for you. Beijing cansles flights and orders schools to close as chinese cases of the coronavirus rise. Infections. New jay powell said the fed will use all tools to defend the economy. Robert caplain said healthcare policies are key to recovery. Indias defense stocks gain after the first deadly clash with china. The first clash resulting in death between the two countries in 45 years. Now we have e. U. Car sales coming out and the drop is substantial as you may expect. 57 is the european car sales drop in may. This comes after the much bigger plunge of 78 in april. Car sales falling by more than half. 57 in may after the 78 plunge in april. Of course that is not unexpected considering the fact that most of the month at least Car Dealerships were closed in many countries in the European Union. Just under an hour away from the start of cash equity trading in europe. Lets take a look at futures this morning. As we said, a little bit of a pause in the risk rally. Ts
The group will hit higher in the third quarter. The question is still out how long it is going to last thats the real question we spoke to the former Vice President of the ecb as the central bank chief said she is undetoured by the Court Decision another member tells us the decision could have unfortunate consequences this could infringe in the end of independence of the ecb im not sure if it is laughable or serious and dangerous reassuring the markets and instability amid the outbreak in the plunge in the First Quarter profit the cfo tells us he expects an attractive recovery. With a sharp decline but not as sharp a recovery but more an elongated recovery thats what we are planning. Maximum caution is the latest message from the uk Prime Minister Boris Johnson as he prepares to announce a limited easing of the lockdown a very warm welcome to street signs markets this morning responding positively as representatives from china and the u. S. Have agreed to Work Together on the face 1 de