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BBCNEWS Sunday July 5, 2024



answer. ., ~ ., ., answer. you know about the report that i have answer. you know about the report that i have not answer. you know about the report that i have not even answer. you know about the report that i have not even seen - answer. you know about the report that i have not even seen yet - answer. you know about the report that i have not even seen yet so i that i have not even seen yet so it is hard for me to comment on it. but will you talk to us? is hard for me to comment on it. but will you talk to us? what we are doinu is but will you talk to us? what we are doing is having but will you talk to us? what we are doing is having an but will you talk to us? what we are doing is having an interview - but will you talk to us? what we are doing is having an interview now- doing is having an interview now talking about tackling illegal migration. talking about tackling illegal miiration. , talking about tackling illegal migration- talking about tackling ....

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BBCNEWS World July 5, 2024



hearing, has held what the us calls candid and constructive talks with china s foreign minister in beijing. this at the start of two days of meetings with chinese officials. mr blinken emphasised the need for diplomacy and keeping open channels of communication us officials added. the trip to china is the first by a top us diplomat in almost five years and comes months after an earlier visit by the secretary of state was postponed when a suspected chinese spy balloon flew in us airspace. can this trip reboot relations? to discuss this and what s at stake for the world s two biggest economies, i m joined by alicia garcia herrero chief economist at natixis. good to have you on the programme. from your perspective, when we are looking at trade, the two biggest economies in the world, how important is this trip? extremely important. and the main reason for this trip is not even trade, it s about assurance to really avoid a military conflict in taiwan and i think tha ....

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BBCNEWS Asia July 5, 2024



between the two countries. well, trade relations, like other parts of the us relationship with china are tens. while a lot of trade still continues to flow up between the two countries, export restrictions remain in place, and china is increasingly imposing regulations, making it very tough for us companies to operate in their country. it’s operate in their country. it s interesting. operate in their country. it s interesting, because economic ties still happen, discussions of geopolitical issues on the defence front just shut down. now we have bill gates, elon musk visiting china. should we feel a bit more positive about the economic side of their relationship? the economic side of their relationship? well, clearly bei ina relationship? well, clearly beijing seems relationship? well, clearly beijing seems more - relationship? well, clearly - beijing seems more interested in reviving or strengthening the economic part of the relationship versus the military part, ....

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BBCNEWS Asia July 5, 2024



during his press conference. with us inflation running still well above the bank s 2% target, it sjob is not yet done. i think, as anyone can see, not a single person on the committee wrote down a rate cut this year, nor do i think it is at all likely to be appropriate if you think about it. inflation has not really moved down. it has not so far reacted much to our existing rate hikes, and so we re going to have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday s decision ushers in a new phase in the fed s battle to lower prices follows a path carved out by central banks in countries such as australia and canada, which recently announced rate hikes following a break. michelle fleury there in washington, dc. the latest decision by america s central bank comes at a time when inflation is slowing but not as quickly as the federal reserve wants it to be. earlier, i spoke to blerina uruci of t.row ....

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BBCNEWS World July 5, 2024



rate at 5 5.25%. but it has won the there may be increases later in this year. what exactly is the european central bank thinking? when it comes to its increases today, here is what the president had to say. indicators of underlying the president had to say. indicators of underlying price the president had to say. indicators of underlying price pressures - the president had to say. indicators| of underlying price pressures remain strong, although some show tentative signs of softening. staff have revised up their projections for inflation, excluding energy and food, especially for this year and next, owing to past upward surprises and the implications of the robust labour market for the speed of this inflation. they now see it reaching 5.1% in 2023, before it declines to 3% in 2024. 50 5.1% in 2023, before it declines to 396 in 2024- 5.196 in 2023, before it declines to 396 in 2024. ., ., 396 in 2024. so that view there from the eumpean 396 in 2024. so that view ....

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