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BBCNEWS World Business Report July 7, 2024



this is the business stories from around the world, and i will try and pronounce that correctly in a let s start with a stark warning from the governor of the bank of england. andrew bailey has warned the uk and many other countries are facing apocalyptic food prices, due to supply problems caused by the war in ukraine. bailey warned inflation could hit 10% by the autumn, well above the central bank s 2% target. uk inflation is currently at 7%, which is its highest level in 30 years. another sign of the rising cost of living was shown at petrol pumps yesterday, with one litre of diesel costing £1.80, which is a record high. joining me now is swetha ramachandran, an investment manager at gam investments. thank you for being with us, we know that rising prices are a huge problem, but it really did underlinejust how bad huge problem, but it really did underline just how bad this could get without warning from the bank of england just yesterday. yes, indeed, and there are ....

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BBCNEWS World Business Report June 4, 2024 04:41:00

Isn t. why? because of a crisis with a newer type of cryptocurrency called stable coins that are supposed to track currencies. one of these, terra tried and failed to track the us dollar, spreading contagion to other currencies. people started to realise, wait a minute, what if there is a stable coin isn t as stable as we think, and it collapsed. mike is the founder and ceo of a crypto infrastructure provider. a lot of people invest in it without fully understanding what is going on with these various types of assets, and there are a lot of differentiations. bitcoin and other stable coins are very different. to some people, they just looking at making quick returns. com plete returns. complete control over the money ~~ money. anne connolly is a big money. anne connolly is a big believer in cryptocurrencies. this was her in 2018 sharing her passion ....

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