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BBCNEWS Asia Business Report July 6, 2024 - Vimarsana News

BBCNEWS Asia Business Report July 6, 2024

results missed market expectations. delayed results, a missed market expectations. tesla's income and earnings fell by more than 20% in this past quarter compared to the same time last year. it is a big number, but not totally unexpected because the company has been slashing prices of its top selling vehicles over the past year. samira hussain has more from new york. bringing in 20% less income is, well, not good. what helps the electric car maker, however, is that it warned wall street this was coming, so it didn't come as a complete surprise given tesla cut prices on its top sellin...

BBCNEWS Asia Business Report July 6, 2024 - Vimarsana News

BBCNEWS Asia Business Report July 6, 2024

company's income and earnings both fell by more than 20% in the past quarter compared to the past quarter compared to the same period last year. it is a big number but not totally unexpected because the company been slashing prices of its top—selling cars over the past year. more from new york. bringing in 20% less income is well, not good, what has helped the electric car maker is that it warned wall street this was coming. so it didn't come as a complete surprise, given tesla cut prices on its top—selling cars several times last year, and in fact did it again this week. tesla i...

BBCNEWS Talking Business July 6, 2024 - Vimarsana News

BBCNEWS Talking Business July 6, 2024

from hotels and a shift to more basic accomodation in an effort to deter people from coming to the uk illegally. now on bbc news, talking business: now it's time for talking business. welcome to talking business. let's have a look at what is on the show. a crisis forcing governments to invest billions to avert a catastrophe. it is not the banking crisis, though. it is the climate crisis. as europe goes head to head with the united states on subsidies for green investment we will ask what it means for business, international trade, and the future of the planet. i will discuss that wit...

BBCNEWS World Business Report July 6, 2024 - Vimarsana News

BBCNEWS World Business Report July 6, 2024

we start here in the uk — where investors are now betting the cost of borrowing will have to keep rising because inflation remains stubbornly high. that's despite a pledge by the government to bring it down, and a barrage of interest rate rises by the bank of england attempting to get it under control. just a few weeks ago, we were assuming that after 11 increases in a row, the bank would not have to raise rates much further. but on wednesday, there was a major rethink on financial markets, which are now pricing in three more rises this year, with rates hitting 5%. here's why. pric...

BBCNEWS World Business Report July 6, 2024 - Vimarsana News

BBCNEWS World Business Report July 6, 2024

first quarter. its revenues though, fell around 5% as the industry faces up to a supply glut. tsmc remains asia's most valuable listed company, despite a fall in its share price by over quarter last year. the company is under pressure as some western economies seek to diversify their semi—conductor supply chains. let's cross live now to malcolm penn, a global semi—conductor industry analyst and ceo of future horizons. thank you for being with us. talk to me, first of all, but these figures. not as great as expected, but given what is happening in the industry, a good performance?...