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Transcripts For BBCNEWS BBC News at Ten 20240707

economy competitive. at the end of the day, that s ultimately what we have to do. what we politicians are responsible for is making the economic decisions that will drive continued growth. overnight, more chaos as hundreds of mortgage products were withdrawn. labour says it s all because of government negligence. what the government now needs to do, is to recall parliament, immediately, abandon that budget before any more damage is done. we ll have more on the bank of england s emergency intervention, and on the government s refusal to change tack. also on the programme.. inside one of the uk s largest mental health hospitals, a bbc investigation uncovers mistreatment and cruelty. the british iranian nazanin zaghari ratcliffe has cut her hair in solidarity with iranian women, whose rights are under attack from religious rulers. and the latest from florida, where hurricane ian, one of the worst storms in the state s history, is set to devastate wide areas. coming up in the spo

Transcripts For BBCNEWS World Business Report 20240707

in a move that could push the country closer to default. the treasury department said it would end a waiver that had allowed us bondholders to accept payments. russia has almost $2 billion worth of payments on its international bonds that will be due up to the end of the year. joining me now is patrick reid, co founder of the adamis principle. i guess the place to start with this is how close it will bring russia to default in common what would happen if it does? thank you for having me on. it isjust another nail thank you for having me on. it is just another nail in the russian economy, and we cannot underestimate the consequences and dangers of a default. it is not quite like 1998, but it is not quite like 1998, but it is not very good for russia long term. now, a ten year yield on a russian bond will get you about 10% right now. that is not enough. russia s central bank raised interest rates to 20%. they are now currently 1a. that is not going to be enough either. essentia

President Bio launches ambitious FEED SALONE initiative

President Bio launches ambitious FEED SALONE initiative
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