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BBCNEWS World July 4, 2024

Giant us steel have fallen sharply, after President Biden weighed in to oppose a near 15 billion takeover of the firm by a japanese company. Us steel is based in pittsburgh, pennsylvania a key battleground in this years election. The takeover deal, agreed in december, has caused major controversy there. But any move to block it could raise tensions with japan a vital ally for the us as it tries to counter the growing power of china. From new york, erin delmore reports. President biden is taking ...
Steve Mnuchin Too Much Of A Good Thing Falling Global Demand Australia S Chioma Nnadi Business News

BBCNEWS World July 5, 2024

between the us and china ranges from taiwan and ukraine to national security and an ongoing trade dispute. janet mui, head of market analysis at rbc brewin dolphin. janet, at rbc brewin dolphin. good to have you with us. what janet, good to have you with us. what you make of this visit? as we said, the second in as many months. canjanet said, the second in as many months. can janet yellen said, the second in as many months. canjanet yellen do said, the second in as many months. can jan...
Janet Yellen Treasury Secretary Liquefied Natural Gas Thraw Relations Dangerous And Irresponsible Energy Crisis

BBCNEWS Asia July 6, 2024

on the prize, that passing this bill, getting it to the president avoids the catastrophic thing that would hurt millions of americans. and theres a reason world leaders were worried about this. this would have impacted the global economy. something that did rally wall street though today was the chip—maker nvidia. for about five minutes it was part of the elite club of us companies worth a trillion dollars. the companys share price shot past $412 on tuesday, having risen by more than...
Debt Ceiling 31 5 Trillion 1 5 Trillion White House Budget Chief Shalanda Young United States House

BBCNEWS Asia July 6, 2024

i think this bill shows that that assessment was correct. and we have to keep our eye on the prize, that passing this bill, getting it to the president avoids the catastrophic thing that would hurt millions of americans. and theres a reason world leaders were worried about this. this would have impacted the global economy. something that did rally wall street though today was the chip—maker nvidia. for about five minutes it was part of the elite club of us companies worth a trillion ...
Debt Ceiling House Rules Committee 31 5 Trillion 1 5 Trillion Committee Voting House Of Representatives

BBCNEWS Asia Business Report July 6, 2024

alphabet shares jumped after—hours as the company announced that its quarterly revenue rose to more than 69—billion dollars — thats 3—percent higher than the previous year. microsoft stock also got a boost in extended trading, with a quarterly revenue beat that was mainly driven by growth in its cloud computing businesses. for more on this were joined by daniel ives — managing director and senior equity analyst with wedbush securities. earlier, he told me this is welcome news...
Technology Sector Joe Biden Beat Expectations Asia Business Report Tech Giants Mariko Oi

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BBCNEWS World Business Report July 6, 2024

its notjust vinyl records enjoying a replay. we find out why music fans are buying cds again. "ive got 127 million followers. "that would suggest that i am reasonably popular." the words of elon musk, until recently the worlds richest person, in a call with investors late on wednesday. his electric car company, tesla, has reported record sales and profits. but its shares have lost two thirds of their value over the past year. some investors are suing him and others fear his high profil...
Record Sales Elon Musk Business Headlines Bbc News Around The World E1 Mask Acquired Twitter

BBCNEWS World Business Report July 7, 2024

we start here in the uk, where as you have been hearing the pressure on prime minister liz truss is building after another day of political chaos. the exit of a key cabinet member, home secretary suella braverman, who delivered a blistering attack on her former boss in her resignation letter. then a huge row in the house of commons over a vote on fracking, seen as a test of loyalty to the prime minister. it saw the pound fall sharply on wednesday, wiping out all the gains made this wee...
Climate Change Global Food Crisis Hit Supplies Record Sales Liz Truss On Fracking

BBCNEWS World Business Report July 7, 2024

welcome to the programme, packed with dairy delights. but we first must talk about twitter. will he — wont he? the question of whether elon musk would buy the social media network twitter. it has been a six—month roller coaster since mr musk first made his offer in the middle of april. having struck a deal soon after, in earlyjuly the worlds having struck a deal soon after, in earlyjuly the worlds richest man revealed hed changed his mind and intended to pull out of the deal. that ...
Elon Musk Social Media Network Twitter Bbc News Business Headlines Around The World Deal Worth

BBCNEWS World Business Report July 7, 2024

will be announced this morning by the energy regulator ofgem. this is the maximum amount companies can charge households for their energy use. the first rise saw prices to nearly £2000 and it could go up to £3000. average bills will hit £4650. lets hear from some people who are already struggling the heat their homes. #it # it takes a worried man to sing a worried song. we dont have the option _ sing a worried song. we dont have the option to _ sing a worried song. we dont have the ...
Price Cap Bbc News Business Headlines Around The World Energy Consumers Post Pandemic

BBCNEWS World Business Report July 7, 2024

we start here in the uk, where the bank of england has raised the cost of borrowing to its highest level in 13 years. the quarter of a percentage point rise, to 1.25%, was less than some were expecting. but financial markets are now betting uk interest rates will have to rise a lot further from here, to get control over soaring inflation. the worry is, too steep a rise in borrowing costs could tip the economy into recession. and the warning signs are already there. our economics editor...
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