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BBCNEWS World Business Report July 7, 2024

we begin with the turmoil on financial markets today, the pound sterling continues to languish against the us dollar and several other currencies. the slide in its value was triggered by last week s mini budget, with its controversial package of tax cuts. let s get historical for a moment. we have records for sterling against the dollar going back through history, and in the early hours of monday morning it reached an all time low that is since the creation of the us currency in 1792. let s take a closer look at the past few days the dollar has been strong but this further drop down is about sterling weakness, with a bit of a recovery and then falling back again. you can see this dramatic few days, sterling weakness with a little bit of recovery before it fell back again. on friday and monday there were massive moves within a day, which for a currency like sterling is rare. and one of the impacts of a low pound means that we import inflation, oil and gas is more e ....

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BBCNEWS Outside Source July 7, 2024

and israel election officials confirm benjamin netanyahu and his far right allies as the winners in tuesday s vote he s set to return for a record sixth term as prime minister. the bank of england has warned that the uk is facing its longest recession since records began, as it raised interest rates by the most in 33 years. the 0.75% point rise the eighth consecutive hike takes uk rates to 3%, meaning higher mortgage bills for many homeowners. the bank of england s move matches the us federal reserve s rate hike on wednesday, as central banks around the world battle to combat inflation. here s the bank of england governor. these are big changes. they have a real impact on people s lives. so why are we doing it and why are we doing it now when so many people are struggling with higher energy and food prices and other bills? we are increasing bank rate because inflation is too high. it is the bank sjob to bring it inflation is too high. it is the bank s job to bring ....

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BBCNEWS BBC News July 7, 2024

in northern turkey, at least 41 coal miners have been killed in an underground explosion. president erdogan promises an investigation during a visit of the scene. translation: of course we will find out how this explosion happened, i and if there are any people responsible for it with the prosecutions, which have already started. the husband and wife team behind one of the most successful covid vaccines believe the same technology could help transform cancer treatment. there s been more unrest in iran, including at the evin prison in tehran, which houses hundreds of political prisoners and dozens of dual nationals. iranian state media says a fire broke out in the jail after clashes, but that it s now under control and eight people were reportly injured. it follows another day of anti government protests in several cities. demonstrations began last month in response to the death in custody of a young woman detained for allegedly not wearing her hijab correctly. duncan ke ....

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BBCNEWS Outside Source July 7, 2024

in ukraine, a building is hit by missiles and zaporizhzhia, emergency services search for survivors in the rubble. and a summer of gorging on salmon bears fruit for these natives of alaska, as they bulk up for winter. we ll size up the competition in this year s fat bear week. at least 38 people have been killed in northern thailand after a former police officer went on a killing spree at a daycare centre. most of the dead are children some as young as two. a warning that this story contains distressing details. this is what we know about how the attack unfolded. early on thursday afternoon, a man armed with a pistol and a knife stormed into the childcare facility in the rural town of utthai sawan more than 500 km from the capital, bangkok. he shot staff members, including a teacher who was pregnant. one witness said she initially thought the bullets were fireworks. here s another describing what happened. translation: he used his feet to kick in a window, then he shot ....

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BBCNEWS Newsday July 7, 2024

guess. the state funeral for shinzo abe is deeply guess. the state funeral for shinzo abe is deeply dividing guess. the state funeral for shinzo abe is deeply dividing japanese - abe is deeply dividing japanese society. you can see this 0, we understand is three km long. many thousands of people have turned out today to pay their welcome to bbc news broadcasting to viewers in the uk and around the world. the leaders of denmark, sweden and poland have said that rare gas leaks that have hit the nordstream pipelines were not accidents but deliberate acts . seis molla gists reported underwater explosions just before the leaks. nord stream one is leaking at two points, a day after a similar leak affected its sister pipeline, nord stream two. the danish authorities have warned ships to avoid the area near the island of bornholm. these pictures from denmark s defence, and show bubbles on the surface of the baltic sea above the pipelines they report the largest patch o ....

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