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BBCNEWS World July 6, 2024

let s speak to james smith, developed markets economist at ing. people are talking of a mild recession. what does that mean? quite often when we talk about recessions and the gdp numbers we think of two courses of negative growth being a technical recession. but that doesn t always feel like a recession to people. when we see a recession to people. when we see a recession we associate it with widespread job losses, people spending less money, people trying to save more, because they re uncertain about what is to come. we are not necessarily seeing that now. the fall in gdp we saw in the third quarter was small, we might see another slight fall in the fourth quarter. but it is not comparable to recessions in the past such as 2008 and the covid recession. so it is worth putting that in context. ﬁx, worth putting that in context. a recession is two sets of three months where growth has been negative. in terms of what it means for people, what will this mean? the uk econo ....

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BBCNEWS World July 6, 2024

are the latest shipping companies to abandon the red sea area. the suez canal handles more than a tenth of the world s trade, but it s particularly vital for the movement of goods between asia and europe. the alternative is a long and expensive detour around the cape of good hope at africa s southern tip. because of the disruption, the cost to ship a container from china to the mediterranean has risen 44% this month alone. that s according to the online shipping marketplace, freightos. swedish homewares giant, ikea, is just one of the companies now warning of delays and possible availability issues for some of its products. shops in europe are already well stocked for christmas, but logistics experts warn there could be shortages in the new year if the crisis continues. we ll hearfrom one of the shipping companies in the moment, but first, let s get the background from our analysis editor, ros atkins. on the 19th of november, houthi rebels from yemen was an attack on th ....

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FOXNEWSW Fox July 6, 2024

every year is codified as mandatory mean that there is no review process no checks and balances just a blank check and no balancing the checkbook. we live in a society where laziness and obesity can qualify you for disability check from the government paid for by us working americans. in fact nearly two-thirds of the money spent by government last year went to social welfare programs. oakland the democrats like joe mccormick of florida to even mention challenging these programs is to be heartless and void of empathy empathy. when someone chooses getting high or being the father to his children what p is he owed? when it woman uses her sprained ankle that beyond disability issues and discomfort to scan the system? when the son of a vice president spends his time and money on is he an addict in need? or simply a rotten soul? the left tells us that we should pity everyone might ve been dealt a bad hand okay that s fair enough. but who hasn t? how many hardworking well empl ....

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BBCNEWS Nicky July 6, 2024

think? that is what we are doing. in other news, here is the news with. train drivers who are members of the aslef union are on strike today. 15 train companies are affected with some operators running no services at all. it s the first of three rail strikes this week, with further action on friday and saturday. one of the pioneers of artificial intelligence says regulation of the technology needs to be ramped up . professor yoshua bengio says his feelings about al are similar to how scientists felt about the development of the atom bomb. parents on universal credit will be able to claim hundreds more to cover childcare costs from the end of next month. the government announced in spring that people with one child would be able to getjust over £950 while those with two or more children could get up to £1630. officials in southern russia say a drone has hit an oil refinery a day after an attack on moscow. vladimir putin yesterday accused ukraine of trying ....

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CNNW CNN July 6, 2024

we begin tonight with breaking news straight from capitol hill. we are getting word that the white house and house republicans are getting closer to a deal to raise the debt ceiling. one week before the u.s. runs out of money. what do we know right now about where the deal stands between kevin mccarthy, house republicans and the white house? i think we should caveat by saying nothing has been agreed upon yet. nothing has been finalized. they are moving closer to a deal. we have seen progress over the last 12 hours, particularly on the spending issue. that s been something that has been really bedevilling the talks. they started floating the idea of a potential compromise that both sides could try to claim as essentially a win. one of the things they are discussing is raising the debt ceiling for two years, which would be longer than what house republicans had proposed in their debt ceiling plan in the house. then instituting spending caps for two years. caps on federa ....

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