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BBCNEWS BBC News July 7, 2024



elon musk says his rocket firm spacex will continue funding its starlink internet service in ukraine, a day after he said it could no longer do so. hello and welcome to bbc news. good to have your company this hour. we begin in the uk. where the country s new chancellorjeremy hunt is holding talks with the prime minister later at the country retreat as a government fights to salvage his economic credibility. speaking to the bbc, mr hunt warned some taxes will increase and all government departments will be expected to find additional savings. posting online today, the prime minister has said she s going to do things differently in her quest for economic growth promising she will always act in the national interest . earlier i spoke to our political correspondent who had the latest. another day, another interview from the brand new chancellor doing his best to exude calmness to say to the conservative party and to the markets that he has got an absolute handle on th ....

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BBCNEWS World Business Report July 7, 2024



plus rising prices falling ratings. can president biden win the argument on the us economy with just days to go until the midterm elections? and a pressing crisis. the cost of olive oil set to soar with harvests shrivelled by europe s summer heatwave. hello. we start here in the uk which is now facing the longest recession since records began, a century ago. that was the bleak warning from the bank of england on thursday, as it raised interest rates to 3% to try to dampen down soaring inflation. the bank says the uk economy is already in recession, and could keep declining until the middle of 202a. the pound slumped on the news to its lowest in more than two weeks. here s our economics editor faisal islam. the end of a decade and a half of ultralow interest rates was always going to be difficult, but dealing in mortgages has in recent weeks felt more like the stock market than the housing market. , , stock market than the housing market. , , . ., , ....

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BBCNEWS BBC News July 7, 2024



gunfire. the iranian authorities say four inmates dead after a fire at a prison in the capital tehran is now under control as protests continue. more than a thousand paddington bears and other teddies left by the public in memory of the late queen elizabeth are to be sent to charity. good afternoon. welcome if you have justjoined us whether you are watching in the uk or around the world. we begin with the political and economical situation facing the uk. the uk s new chancellor, jeremy hunt, will hold talks with the prime minister liz truss later, as the government fights to restore economic credibility. speaking to the bbc, mr hunt warned some taxes will increase and all government departments will be expected to find additional savings. posting online today, the prime minister has said she s going to do things differently in her quest for economic growth promising she will always act in the national interest . let s talk more about this to our political corre ....

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BBCNEWS Breakfast July 7, 2024



at st james s park in newcastle. they became a symbol of a nation s grief and gratitude after the queen s death, and now hundreds of paddingtons left in london s parks will be donated to charity. good morning. early, blustery showers slowly easing on the far north of scotland. elsewhere, it s a quieter story. north of scotland. elsewhere, it s a quieterstory. more north of scotland. elsewhere, it s a quieter story. more sunshine coming through and lighter winds. i ll have all the details coming up shortly. it is sunday 16 october. our main story: the prime minister and chancellor will hold talks today our main story: the prime minister as the government tries to salvage its economic credibility following three weeks of market turmoil and policy u turns. the new chancellor, jeremy hunt, has said he wants growth underpinned by stability, but some conservative mps are privately discussing trying to eject liz truss from office. here is our political correspondent ben wright ....

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BBCNEWS BBC News July 7, 2024



hello. the president of the european commission has said sabotage was the cause of rare gas leaks in two major pipelines connecting russia and europe. ursula von der leyen has warned of the strongest possible response if active european energy insfrastructure is attacked. earlier, ukraine accused russia of causing the leaks in what it described as a terrorist attack . here s our diplomatic correspondent, james landale. nord stream 1 and nord stream 2 are huge pipelines that bring gas from russia to germany, 700 miles along under the baltic. they are the largest pipelines of their kind in the world. but look at this, significant disturbance to the sea near denmark, caused by leaking gas, it is thought. the danish military say this area of turbulence was more than half a mile wide and shipping is being kept out of the area. the gas is leaking here near a danish island, bornholm, it is thought there are a couple of leaks in nord stream 1, and a third in nord stream 2. i ....

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