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The Irish Sun
01-05-2025
- Automotive
- The Irish Sun
‘Drive with caution' alert for Irish motorists amid two major M50 obstructions as Irish Rail issue bank holiday update
ROAD users have been warned to expect delays after a breakdown on the M50 caused traffic to build this morning. The obstruction is sitting on the Off-Slip at J13 headed southbound on the busy Advertisement The breakdown was reported just before 9am this morning. Transport bosses warned delays to journeys may occur as a result. Transport Infrastructure Ireland said: "When approaching the breakdown location, reduce your speed and drive with caution. "Minor delays to your journey may occur." Advertisement READ MORE IN MOTORS And debris headed on to the M50 is also causing a problem for motorists this morning. The debris is sitting on the M2/N2 between N2 to M50 On-Slip,J5. Traffic bosses warn: "When approaching the area please drive with caution and reduce your speed." The debris is sitting sitting southbound and impacting Lane 2. Advertisement Most read in Motors Amid these obstructions heavy traffic has built on the M50. Southbound congestion sits between J12 Firhouse and J13 Dundrum, J11 Tallaght and J13 Dundrum, between J6 M50/N3 and J9 Red Cow and between J5 M50/N2 and J7 M50/N4. I'm an Irish driving instructor and here is why your friends are failing the test There is also traffic sitting between Between J5 M50/N2 and J6 M50/N3 headed southbound. Transport Infrastructure Ireland have issued some advice for drivers who find themselves stuck in traffic this morning. Advertisement They said: "Some delays to your journey may occur. "When approaching the congestion location, reduce your speed and drive with caution." Elsewhere on the roads this morning debris in The debris is sitting on the M7/N7 westbound between J19 M7/M8 and J21 Borris-in-Ossory. Advertisement Drivers are advised to again exercise caution. BANK HOLDIAY RAIL CHANGES And The switch is due to engineering works on the lines over the long weekend. The below routes can expect changes: Advertisement Cork-Mallow Sat 3rd and Sun 4th of May Rosslare & DART services Sat 3rd, Sun 4th and Mon 5th of May NO DART services between GCD & Greystones Irish Rail added on social media: "Service alterations and amendments are in place." 1 There are a number of M5O delays to watch for this morning Credit: Paddy Cummins - The Sun Dublin
Bloomberg
06-03-2025
- Business
- Bloomberg
‘China Won't Be Intimidated,' Commerce Minister Says
00:00 [CC may contain inaccuracies] FRANCINE: SPEAKING EARLIER THIS HOUR, CHINA'S COMMERCE MINISTER SAID U.S. TARIFFS WILL DISRUPT SUPPLY CHAINS, HINDER GLOBAL GROWTH, AND IF WASHINGTON GOES FURTHER, BEIJING WILL RESPOND IN KIND. ECONOMIC LEADERS HAVE BEEN OUTLINED FISCAL MEASURES AS PART OF THE NATIONAL PEOPLE'S CONGRESS. STEPHEN ENGLE JOINS US NOW FROM BEIJING. THANK YOU FOR JOINING US. THE PRESS CONFERENCE HAS JUST ENDED. WHAT WERE YOUR KEY TAKEAWAYS? IT WAS A FAIRLY STATE OF HAIR FOR THE FIRST COUPLE OF HOURS UNTIL A DIRECT QUESTION CAME IN ON CHINA'S RESPONSE TO THE TRUMP TARIFFS AND THAT IS WHERE THE COMMERCE MINISTER SORT OF UNLEASHED SOME SHARPENING WORDS AGAINST THAT TRADE ACTION. JUST YESTERDAY OR THE DAY BEFORE, WE SAW THE RETALIATORY COME THE SECOND RETALIATORY STEPS ON SOME $22 BILLION WORTH OF U.S. GOODS ON SOME TARIFFS ON TOP OF $14 BILLION WORTH OF U.S. GOODS A COUPLE WEEKS AGO OR THREE OR FOUR WEEKS AGO. THE FIRST 10% COMING UP TO 20% FROM THE UNITED STATES. THE MINISTER SAID THIS TYPE OF COERCION AND EXTORTION WON'T WORK ON CHINA. CHINA WON'T BE INTIMIDATED. IF THE U.S. CONTINUES DOWN THIS PATH, CHINA WILL CONTINUE TO RETALIATE IN KIND. HE WENT ON TO SAY THE U.S. SHOULD START ACTING LIKE A BIG COUNTRY AND GET ALONG WITH OTHERS. THOSE WERE THE SHARPEST WORDS COMING FROM THE COMMERCE MINISTER. SOME OF THE OTHER PEOPLE UP ON THE STAGE, INCLUDED THE CENTRAL BANK GOVERNOR AS WELL AS THE FINANCE MINISTER, THE TOP PLANNING BODY HAD COME AND THE SECURITIES REGULATOR. AND ALL KIND OF TOAD A SIMILAR LINE THAT THE CHINESE ECONOMY WILL HAVE ENOUGH STIMULUS TO OTHER INTERNAL DOMESTIC ECONOMY STRUGGLES AS WELL AS THOSE OTHER EXTERNAL UNCERTAINTIES. FRANCINE: WHAT ARE THE CHALLENGES TO CHINA'S AMBITIOUS GROWTH GOALS? I THINK THEY ALLUDED TO IT AS WELL. PBOC GOVERNOR ESSENTIALLY SAID WE HAVE THE TOOLS IN PLACE. WE CAN CUT INTEREST RATES. WE CAN CUT TRIPLE RESERVE RATIO REQUIREMENTS WHEN NECESSARY. IT IS A SENTIMENT ECHOED BY THE FINANCE MINISTER. THEY PUT ON A BRAVE FACE. WE ALL KNOW THE PROPERTY SECTOR HAS DRAGGED DOWN CONSUMER CONFIDENCE AND THE NUMBER ONE PRIORITY IS OUTLINED BY THE PREMIER YESTERDAY, BOOSTING DOMESTIC DEMAND AND BOOSTING DOMESTIC CONSUMPTION IS GOING TO BE AT THE HEART OF THAT. THE BIGGEST CHALLENGE PERHAPS IS THE WILDCARD COMING FROM WASHINGTON, WHETHER FURTHER TIT-FOR-TAT TRADE WAR COULD BASICALLY MEAN CHINA WILL NEED MORE STIMULUS TO PROP UP ITS OWN ECONOMY DOWN THE ROAD. MOST ECONOMISTS I HAVE SPOKEN TO EXPECT CHINA TO HAVE GIVEN THEMSELVES ROOM TO ADD MORE STIMULUS PERHAPS AT THE MEETING IN APRIL OR FURTHER DOWN THE ROAD IF THE EXTERNAL ENVIRONMENT DETERIORATES FURTHER. THEY DO CLAIM THEY CAN HAVE MONETARY AND FISCAL LEVERAGE TO
