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BBCNEWS BBC News July 7, 2024

eating. the us central bank announces the biggest rise in us interest rates in nearly 30 years to combat surging inflation. and spain, southern france, and parts of italy swelter through an extreme heatwave: authorities are warning of water shortages. welcome to our viewers on pbs in america and around the globe. new us aid for ukraine worth a billion dollars has been announced by president biden. it includes additional artillery and coastal defence weapons, as well as ammunition for artillery and advanced rocket systems. new pledges came from nato members who met in brussels. the us defense secretary said he will move heaven and earth to ensure ukraine gets the weapons it needs to combat russia s invasion. here s a little of what lloyd austin had to say. we can t afford to let up, and we can t lose steam. the stakes are too high. ukraine is facing a pivotal moment on the battlefield. and we re seeing what president zelensky warned us about. after failing to take kyiv a ....

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BBCNEWS World Business Report July 7, 2024

plus the crypto crash deepens. could it spell disaster for el salvador s multi million dollar gamble on bitcoin? we start in the us where the federal reserve has announced the biggest rise in borrowing costs in 28 years. the fed raised its key interest rate by three quarters of a percent and signalled more big increases are on the cards. as our correspondent michelle fleury reports, from washington, it s battling to control the worst inflation in four decades. intensifying its five figure inflation which is currently at a a0 year high reserve raised its key interest rate by three quarters of a percentage point to a range of 1.5 to one and three quarters of a percent, move that will push up borrowing costs for and company. us interest rates haven t been hiked by this much in one go since bill clinton was in the white house in 199a, the size of the mood something federal chair reflected on during his press conference. clearly the 75 basis point is an unusually large ....

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BBCNEWS BBC News July 7, 2024

days. we are forecasting a0 celsius in paris on saturday, that s very early in the season. it won t be in it won t be as hot in the uk is paris. it s a brief spell of weather because there is a cold front sinking southwards introducing fresh conditions for all over the weekend but also for some, heavy, thundery downpours. in summary, here s the headline. hot and downpours. in summary, here s the headline. hotand humid downpours. in summary, here s the headline. hot and humid across the south with temperatures peaking tomorrow. further north it s cool and cloudy. there will be outbreaks of rain and also sunshine at times. let s take a look at the rest of this afternoon. 0utbreaks let s take a look at the rest of this afternoon. outbreaks of light patchy drizzle for western areas of scotland. perhaps brightness for the east got in. the lion s share of sunshine and england and wales, temperatures into the 20s. there are high pollen levels, hay fever sufferers beware. th ....

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BBCNEWS World Business Report July 7, 2024

so let s get down to business and we begin in the us where the world s most powerful central bank wraps up its monthly meeting later. it s a given the federal reserve will increase the cost of borrowing. the question is by how much. with recent inflation data flashing red the sentiment on wall street has been grim. on monday the s&p 500 entered a bear market after the index fell by more than 20% from january s recent high. our north america business correspondent, michelle fleury, has more from new york. this minnesota petrol station is letting customers know they share their frustration. skyrocketing fuel prices have helped drive up inflation, currently at a a0 year high. customers, our car coming up, ate her at her corolla and gets fuel and at $80, you can t know how much it hits home to people. how much it hits home to ”eole. ,, . , how much it hits home to n-eole. , . , ,, people. gas prices in the us hit a record people. gas prices in the us hit a record of pe ....

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FOXNEWS FOX and Friends July 7, 2024

radicals. you cannot intimidate the supreme court. hunter biden bragging about all the power he has over your president. [inaudible] joe biden has said that hunter biden is the smartest man he knows. offering free meals to veterans kids to help flight inflation. cool thing about this is a lot of things texas buy somebody s pizza on me. i don t need any credit. brian: we continue to bump in on charleston, south carolina, it s a wonderful town which i m recommending that people go. it s an hour and a half flight. steve: from here. ainsley: that s true. steve: if you live? japan it s 25 hours. brian: not everybody lives in new york? i had no idea. ainsley: isn t it great? brian: seemed to really embraced me. ainsley: they love you down be there that used to be the bridge and they knocked down and built a new beautiful bridge they have a bridge walk or they run every year. brian: people couldn t get across. ainsley: charleston, peninsula ....

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