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Transcripts For BBCNEWS World Business Report 20240706

from 62 to 64. and soggy takeaway! how the red hot food delivery market has started to go cold. a lot to talk about, let s get going. we start in the us where a bitter political fight over the country s finances is about to begin. later today, the federal government will hit its borrowing limit agreed by congress far earlier than expected. the figure? an eye watering $31.4 trillion. in the short term, treasury secretary janet yellen will be able to buy some time, using what are known as extraordinary measures, diverting cash to stop the us defaulting on its debts. but congress will urgently have to find a solution and it is more divided than ever as michelle fleury reports from new york. the debt ceiling or debt limit is the legal amount the american federal government is allowed to borrow. it american federal government is allowed to borrow. allowed to borrow. it has maxed it out faster allowed to borrow. it has maxed it out faster than allowed to borrow. it has maxed

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Transcripts For BBCNEWS The Context with Christian Fraser 20240707

deputy foreign minister. the chancellor has brought forward by three weeks a fiscal statement he was to deliver in november, in a bid to reassure the financial markets. tonight with the context, the former labour mp and cabinet minister caroline flint and the republican strategist rina shah. welcome to the programme. the french president, emmanuel macron who has tried to maintain an open channel with moscow said today s strikes on ukraine signalled a profound change in the conduct of the war. in a televised address, vladimir putin said he personally had ordered the strikes as revenge for the weekend s attack on the kerch bridge. the targets, he said, were ukraine s energy, command and communication, structures. but as so often is the case, the missiles landed on busy intersections, in parks and tourist areas of kyiv, with an intensity not seen since the early days of the war. there were strikes across the country from the east to the west. ukraine s major cities were

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Transcripts For BBCNEWS BBC News 20240707

hurricane fiona slams into canada s eastern coast with heavy rains and huge waves, washing away homes and cutting power to tens of thousands of people. a man has died after a fire in a block of flats in bristol. eight others are currently being treated in hospital while authorities try to find alternative accomadation for residents. a uk ticket holder has come forward to claim friday s £171 million euromillions jackpot the third biggest win in the game s history. hello and welcome to the programme. sir keir starmer has said a future labour government would reinstate the 45% top rate of tax which the tories have announced they re cutting, but keep the 1p cut in basic rate tax also proposed by the conservatives. as the labour party conference got under way, sir keir said the party would take a very different approach to economic growth. he dismissed the government s strategy, announced on friday, of cutting taxes to make the uk more attractive to business and investors. here

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