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BBCNEWS World Business Report July 6, 2024

and 48 hours to come up with the next generation of video games. we ll be hearing from the man behind the global gamejam. hello there. we start here in the uk, where the bank of england has raised the cost of borrowing for the tenth time in a row. the half a percent rise puts uk interest rates at 4%, their highest level in more than 1a years. a bonus, of course, for savers, but it piles more pressure on businesses and those with mortgages, loans and credit card debt. the good news is that the bank now thinks the uk s recession will be shorter and less severe than it previously thought, and there s a hint that rates may not have to go any higher. but a recovery could take years as our economics editor faisal islam reports. the squeeze continues. an official interest rate of 4% should not feel huge, but it does, and notjust here in nuneaton, forjoanne, who runs a furniture and gift shop. the mortgage a furniture and gift shop. the mortgage on a furniture and gift sh ....

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BBCNEWS Asia July 2, 2024

have a tentative deal with the united auto workers union. general motors was the last to settle. jeep maker stellantis reached an agreement on saturday. ford announced its deal last week with this positive reaction from one ford employee, walter robinson. it s definitely going to be life changing for the people. a career and notjust a job. gm said it was pleased with the outcome, with ceo mary barra, adding that the deal would allow it to continue to invest in our future and provide good jobs in the united states. the agreements which still need to be ratified by rank and file union members include a 25% wage increase over four and a half years, as well as other benefits for the uaw. this is a big win. historically, the union has negotiated new contracts with one car maker at a time. by taking on all three at once, uaw president sean fain successfully pitted them against each other. for the past several weeks. analysts and pundits were crying that our union was going to ....

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BBCNEWS World Business Report June 4, 2024 05:42:00

Driver, dropped marginally. how disappointing is that? t driver, dropped marginally. how disappointing is that? disappointing is that? i think it is disappointing disappointing is that? i think it is disappointing but - disappointing is that? i think it is disappointing but also . it is disappointing but also expected. aws remains the cash cow, but clearly we have seen the deceleration in sales growth, and the growth that we saw in this division during the pandemic was never going to be sustainable. there is a natural maturation of the sector is welcome and just like amazon s retail customers, amazon s business customers are also trying to do more with less. andyjessie said on the call last night that their business customers are tightening their budgets, they are trying to look to other computing providers as well and really make things go as far as they can with relatively fewer budgets. can with relatively fewer budgets- can with relatively fewer buduets. :, :, , can with relati ....

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