China cuts interest rates
China cuts interest rates as economic growth slows.
China has unexpectedly cut a key interest rate for the first time in almost two years as official figures showed its economic growth had slowed. Geoffrey Yu, senior market strategist at bank of New York Mellon, explains the possible reasoning behind the move. Antonio Horta-Osorio has resigned as chairman of Credit Suisse following Covid breaches. The departure comes on the heels of a string of scandals for the beleagured bank. Also in the programme, there's a growing fuel crisis in Uganda as truck drivers protest over Covid requirements at the border, and we find out more from the 大象传媒's Patience Atuhaire in Kampala. Plus, the 大象传媒's Theo Leggett reports on aviation technologies that might shape the future of flying.
(Picture: An ATM issuing Yuan. koiguo/Getty Images.)
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- Mon 17 Jan 2022 22:32GMT大象传媒 World Service