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BBCNEWS World Business Report July 7, 2024

with the start of wimbledon, we take a look at how sponsors are trying to ace the event. let s start with more on the important meeting taking place in the bavarian mountains today, where g7 leaders are gathered for their latest summit. the conflict in ukraine and the effects the russian invasion is having on the global economy is top of the agenda. leaders will consider imposing a price cap on russian crude, which is an idea strongly supported by the white house. russian oil and gas sales could hit $285 billion this year, which is 20% higher than last year s figure. as well as discussing energy food inflation and security is causing a headache for g7 leaders. with around 20 million tonnes of grain stuck inside ukraine, unrest has erupted in countries from indonesia to iran, and hunger now is predicted to affect 867 million people this year. to discuss this i m joined by professor olivier de schutter co chair of the international panel of experts on sustainable food syste

BBCNEWS The Media Show July 7, 2024

now, the uk s media regulator ofcom has published a major review of what the bbc does, particularly focussed on three areas how the bbc deals with complaints, how the bbc approaches impartiality and how the bbc defines the services that it offers people in the uk. needless to say, how the bbc takes the advice of the regulator, how the regulator shapes the future of the bbc directly impacts on everyone who consumes its content and also interacts with it as an institution. let s understand first of all more about what ofcom wants. let s hearfrom kevin backhurst, group director of content and media policy. and, kevin, reading your review today, you sound a little underwhelmed by how the bbc explains itself. tell us why. i think we feel that the bbc should absolutely strive all the time to explain itself to audiences and to viewers, and also to be transparent to the audiences who pay the licence fee, and also to the rest of the creative industries around the uk about what it is

BBCNEWS BBC News July 7, 2024

the world s readers are in terms of they want unity shown avenue kane shown to admit extended to other areas but will even the unity over russian sanctions hold for much longer? russian sanctions hold for much longer? among the leaders at the summit is borisjohnson who s said he is actively thinking about a third term, amid criticism of his leadership after by election losses. what i m saying is this is a government that is getting on with delivering for the of this country and we ve got a huge amount to do and we ve got a huge amount to do and that s why trying to get out. at least 21 people are reported to have been found dead at a nightclub in the south african city of east london. the prince of wales accepted a suitcase containing a million euros in cash from a former qatari prime minister, according to the sunday times. there is no suggestion the payments were illegal. sir paul mccartney wows glastonbury and brings on surprise guests bruce springsteen and dave groh

BBCNEWS Talking Business July 7, 2024

the 0.75% increase is an attempt by the federal reserve to combat surging inflation. rising prices are continuing to hit president biden s poll ratings. now on bbc news: talking business with aaron heslehurst. hello. let us take a look at what is on the show. the global economy is facing multiple crises, from supply chain chaos, war in europe, and potentialfamine. can this so called poly crisis be taken on by the wto, the world trade organization, as global trade ministers meet face to face for the first time since the pandemic and the war in ukraine? i am going to be discussing all of this with these two. there they are. the boss of the world trade organization, as well as a former wto judge from china. and what does this mean for a business where trade is everything? i will be speaking with the boss of one of the biggest shipping and freight companies to find out how they are navigating through these choppy waters. whrnever you arejoining me from around the world, hello, we

BBCNEWS Talking Business July 7, 2024

iam going i am going to be discussing all of this with these two. there they are. the boss of the world trade organization, as well as a former wto judge from china. and what does this mean for a business where trade is everything? i will be speaking with the boss of one of the biggest shipping and freight companies to find out how they are navigating through these choppy waters. whenever you arejoining me from around the world, hello, welcome to the show. we are in a poly crisis. that is according to ngozi okonjo iweala, director general of world trade organization, because the wto is holding its most important meeting in more than four years. this week, trade ministers from more than 150 countries will gather in geneva in switzerland. the meeting has twice been postponed covid outbreaks. but now, as well as a world facing a pandemic and this aftermath, there is a war on european soil. globalfood shortages. and the global cost of living crisis. and of course, the continuing

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