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BBCNEWS World July 5, 2024

here s where the bank s base rate stands at the moment at 5.25% it is the highest in 15 years. the bank has raised the cost of borrowing fourteen times to try and tame soaring prices but inflation has eased sharply in recent months and the expectation now is that rates may soon start to come down. however, for those in the uk hoping for cheaper mortgages and loans there was something of a bad omen in the us, where the chair of the federal reserve seemed to dash expectations of a rate cut next month. as michelle fleury reports. the fourth meeting in a row, the federal reserve did not raise interest rates. this is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march of 2022. but for rate weary americans, well, they will likely have to wait a few more months to see any relief, given these comments by the federal chair. based on the meeting today, i would tell you that i don t think it s likely that the committee will r ....

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BBCNEWS World July 5, 2024

expected sales in china, where a real estate collapse and rising youth unemployment is hitting demand for apple s gadgets. erin delmore reports. for apple, a big gadgets. erin delmore reports. forapple, a big highlight gadgets. erin delmore reports. for apple, a big highlight the first revenue growth in a year. they reported a 2% rise in overall fiscal first quarter sales, taking a year of declining sales. it s thanks to sales of the iphone 15 which hit stores in september. but a low light does make a decline in sales in china, to the tune of 13%. apple is missing out on one of its key markets. the world s second economy is grappling with a slowdown thanks to a property market crisis, slow growth and high unemployment a young people which is weighing on iphone sales and, increasingly, chinese consumers are opting for phones made by huawei which are powered by chips made in china. apple is on the verge of releasing its vision pro headset, meanwhile. this is apple s ent ....

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BBCNEWS Verified July 5, 2024

the conditions exists for the return of the northern ireland power sharing executive and indicated he expects the assembly to sit on saturday. we ve seen just a number of moves through the last couple of days. we saw legislation late in the house of commons. now the dup leader says he s written to the dup leader says he s written to the speaker of the stormont assembly, saying the conditions now exist for the return power sharing in northern ireland, expected to start on saturday. we ll have a full live coverage of that. i really significant moment with the return of power sharing in northern ireland. more on that breaking development here in the next little while. let s head to the us. the defence secretary lloyd austin has called on iran to stop supplying weapons to the houthi rebels in yemen. speaking at the pentagon, he said the us does not want a wider middle east conflict, but it reserves the right to respond to iranian backed attacks on american personnel in the ....

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BBCNEWS Asia July 5, 2024

earths just days ago. i think she really wants as she said to get communications open. we are trading a lot with china, china depends on the us, us depends on china but at the same time, security and geopolitical interests are coming into conflict. i would say it is a little bit like good cop bad cop, blinken being the bad cop and now yellen going in as the good cop trying to say, look, we have a lot in common, let s see what we can do together, but boy, back home in the united states, both the democrats and the republicans are bashing on china, trump put in tariffs on hundreds of billions of chinese goods and president biden, who has reversed every trump policy he can, has kept that one. but despite those cooling tensions, the trade between the two have actually been growing but of course just ahead of her visit, beijing announcing those export controls on rare metals, also introducing some new laws on foreign relations and counterespionage and so on. is beijing play ....

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BBCNEWS Verified July 5, 2024

hello, i m matthew amroliwala, welcome to verified live, 3 hours of breaking stories, and checking out the truth behind them. here in the uk, a service has been held at westminster abbey to celebrate the seventy fifth anniversary of the national health service. the nhs is unique because of the way it s funded it s paid for, through general taxation but it s free of charge for all users, regardless of treatment. today s event is one of a series marking the milestone. is hundred health workers joined royalty and politicians for the ceremony, which included readings from the prime minister rishi sunak and the labour leader, sir keir starmer. but the occasion has prompted questions about its ability to survive in its current form into the future. three leading think tanks say the nhs won t reach its centenary unless there is significant investment. you can see why politicians are keen to pick should be to be nhs but half of brits say it is one of the things that make th ....

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