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BBCNEWS Outside Source July 6, 2024

we start here in the uk, where the bank of england has raised interest rates to their highest level for m years. the increase will leave millions of households facing higher mortgage payments at a time when many people are already struggling with crippling energy and food bills. the bank has raised rates by half a percentage point, to 4%. the aim to make it more expensive to borrow and spend so businesses and households rein in, meaning less upward pressure on prices. uk inflation eased slightly in december but was still at 10.5%, close to the highest level in a0 years and more than five times the bank of england s target. the bank governor said inflation had turned the corner, but the battle against surging prices wasn t over yet. we have done a lot on rates already. the full effect of that is still to come through. but it is too soon to declare victory just yet. inflationary pressures are still there, and we can see that in the data and we hear it from our agents. and we ....

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BBCNEWS The Context with Christian Fraser July 6, 2024

welcome to the programme. there are tentative signs that inflation is coming under control, and the recession forecast last year will be shallower and shorter than expected. butjust to make sure, the central banks are raising the interest rates again. yesterday it was the fed, today the bank of england increased the base rate, half a point, to 4% the highest it has been in m years. we think inflation will come down rapidly, and a lot of that is down to energy prices, which have fallen rapidly. but i m afraid there are big risks out there which mean that it may not happen in that way. yet we re still seeing stronger pressure from price and wage setting in the economy in the question is, will that start to ease off? coinciding with the bank s decision came a profit announcement from shell and a rather blunt illustration of why we re all getting poorer. the oil and gas giant has reaped profits of £40 billion last year. the taxman has reaped far less. shell said it p ....

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CNN CNN Newsroom With Fredricka Whitfield July 6, 2024

furniture that floyd home dot com. good morning, everyone we do begin with breaking news this morning. hello again, everyone. thank you so much for joining me. i m fredricka whitfield and we start with dramatic video from st petersburg, russia, showing an explosion at a cafe that reportedly killed a prominent russian military blogger. officials say at least 25. others were injured, six of them in critical condition and you can see the blast causing part of the outside of that building. to collapse. cnn s matthew chance is in russia. matthew what more can you tell us about this blogger and the circumstances of his death now? yeah flat. lynn to toschi is his name and he s one of russia s most prominent military bloggers , which means he s pro war has got more than half a million followers on his telegram channel, and he is notoriously outspoken. shall we say about the need for russia to do even more in ukraine to go in harder ? he was swept to notoriety after he appeared ....

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CNN The Situation Room With Wolf Blitzer July 6, 2024

of trump s role in the january 6th insurrection. and a new flood emergency in california threatens millions of skorm battered residents as the east coast braces for a powerful storm packing heavy rain, strong winds and possible blizzard conditions. welcome to our viewers in the united states and around the world, i m wolf blitzer. you re in the situation room. tonight, the biden administration is scrambling to respond to two of the biggest bank failures in history creating new peril for the economy and president and a lot of americans are worried right now. here s cnn s chief white house correspondent phil mattingly. the bottom line is this, americans can rest assured that our banks system is safe. reporter: president biden seeking to reassure a nation on edge. reporter: we put in place tough requirements on banks like silicon valley bank and signature bank. reporter: he also placed blame on his predecessor for contributing to this moment. unfortunately, the ....

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BBCNEWS World Business Report July 6, 2024

welcome to world business report. i m ben thompson. in the last few minutes, the international monetary fund have released their outlook for the global economy. they have revealed it has reached a highly uncertain moment so let me run you through the numbers in the latest economic outlook. the imf expect it to grow a paltry 3% over the next five years. 2.8% this year. the uk is on track to be the worst performing advanced economy this year. expected to shrink by 0.3% in 2023, much worse than many other g7 countries. they say will grow by i% in 202a. the us in contrast, it is forecast to grow by much more, by 1.6% this year and a further i.i% by much more, by 1.6% this year and a furtheri.i% in by much more, by 1.6% this year and a further 1.1% in 202a. the imf s director of research painted a mixed economy. the director of research painted a mixed econom . ., , ., y director of research painted a mixed econom . ., ., , ., , economy. the global economy remains on track ....

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