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BBCNEWS World Business Report July 6, 2024 - Vimarsana News

BBCNEWS World Business Report July 6, 2024

let's start with china, because it's currently holding its annual two—day national people's congress and has set out its economic forecast for the year. premier li keqiang told a packed audience in beijing on sunday, that the government hoped to achieve economic growth of around 5% in 2023. the figure is in—line with most analyst predictions. last year, successive strict lockdowns slowed china's growth. official figures show the world's second largest economy grew by 3% last year, which was way below the government target of five and a half % and its slowest for decades. lets dis...

BBCNEWS World Business Report July 6, 2024 - Vimarsana News

BBCNEWS World Business Report July 6, 2024

and are earning more than ever before. let's start with oil prices, because they've risen some 20% over the past three weeks. this time last week, prices surged after the oil cartel, opec +, decided it would reduce its combined output by 1.1 million barrels per day. crude prices climbed after the cartel�*s announcement, but later in the week they steadied, following the latest us and chinese economic data which suggested weaker post—pandemic growth. so where are we headed? russ mould, investment research director at aj bell joins me now. i'm very excited about this. you are down ...

BBCNEWS World Business Report July 6, 2024 - Vimarsana News

BBCNEWS World Business Report July 6, 2024

china is the world's largest car market, and whilst tesla generates most of its money from its electric car business, boss elon musk has committed to grow its solar energy and battery business to roughly the same size. here's mariko with the details from singapore. it is quite a big deal because of course, tesla already has that huge plant in shanghai to make electric cars, so it is basically increasing its investment in china. the fact that this announcement came when tensions between washington and beijing are quite high, that is quite interesting. as you said, this is a mega facto...

BBCNEWS BBC News July 6, 2024 - Vimarsana News

BBCNEWS BBC News July 6, 2024

aren't so reticent. seems to be yet another attempt at delaying, gaining time and perhaps leveraging on the health status of mr cozzolino in order to somehow tarnish or complicate further a very difficult and very silent investigation across europe. so i would say this is not very fair. news of this investigation first broke back in december last year. it was a bombshell moment. months later, the case continues to fizzle, but it's become more complicated. all the while, it's a cloud hanging over the european parliament. this place is the eu's only directly elected institution. nevert...

BBCNEWS BBC News July 7, 2024 - Vimarsana News

BBCNEWS BBC News July 7, 2024

a year, with businesses also in line for help. it's expected to be funded by £100 billion of government borrowing. in germany, the government has already brought in subsidies for low—income households along with other measures, costing about about 60 billion euros which is £51 billion. injanuary, the french government forced the state—owned energy provider to cap wholesale price rises to 4% for a year and they also brought it other measures. that's all expected to cost 45 billion euros which is £38 billion. but of course today we'll find out more about the support there you go...