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BBCNEWS Asia July 5, 2024

it s a sign that the federal reserve s moves to raise interest rates to slow down inflation seems to be working, but analysts still think america s central bank will raise interest rates one more time at their next meeting. now, the cooler inflation is good news for consumers, but it s also good news for us presidentjoe biden, who touted the administration s efforts to bring prices down. now, he is facing re election next year and being able to control inflation without pushing the economy into a recession will be key if he wants another four years in the white house. samira hussain there. let s bring in the milken institute s chief economist, william lee, whojoins us now from nevada. that s the ultimate question that all the central banks around the world are asking them selves. has the us peaked? lots of prices and inflation decreases have come out because supply chains have been restored around the world and consumers are able to get the stuff they want to buy. one o ....

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BBCNEWS World July 6, 2024

we are going to focus on the top business stories. we start with a developing story we brought you this time yesterday because the european car industry is calling for a delay to tougher post brexit trade rules due to come in from january saying the supply chain is not ready. europe s car makers source many of the batteries for electric cars from asia which would see them fall foul of rules of origin regulations that specify how much of a car must be eu produced. it comes amid growing concern about the future of car manufacturing here in the uk where there is currently only one factory making batteries. stellantis owner of vauxhall as well as brands including fiat, citroen and peugeot has warned it may have to close uk factories if the government does not renegotiate the brexit deal. our economics editor faisal islam has more. earlier this week, a strong message from one of the world s biggest car makers to renegotiate details of the brexit deal, as thei ....

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BBCNEWS World Business Report July 6, 2024

let s now get down to business and the drama that let s now get down to business and the drama that has let s now get down to business and the drama that has been unfolding over the weekend in switzerland is dominating once again. they ve had fraught negotiations as the authorities, the central bank and leaders of two of its biggest banks tried to reach a deal to prevent another damaging financial crisis. late on sunday it was announced. the troubled bank credit suisse has been taken over by its rival ubs in a government backed rescue worth over $3.1 billion. that s less than half the value of credit suisse at the close of trade on friday. the deal s been widely welcomed, including by the bank of england, the european central bank and in the us. switzerland s central bank wanted to prioritise financial stability and protect the swiss economy. here s the chief executive of ubs. translation: it means we bring back stability translation: it means we bring back stability ....

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BBCNEWS World Business Report July 6, 2024

a weekend of fraught negotiations in switzerland, as the authorities there, its central bank and leaders of its two biggest banks tried to prevent another damaging financial crisis. late on sunday, it was announced the troubled bank credit suisse was being taken over by its rival ubs in a government backed rescue worth more than $3.1 billion. that s less than half the value of credit suisse at the close of trade on friday. the deal s been widely welcomed, including by the bank of england, the european central bank and by the us federal reserve. but not everyone s happy. credit suisse bondholders have lost $17 billion, shares in both banks have slumped, and there has been a sell off of banking shares across the markets today. here s the chief executive of ubs explaining the rationale behind the deal. translation: it means we bring back stability and security for credit suisse clients, but also that we keep the reputation of the swiss financial centre high. and finally ....

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FOXNEWS Special Report With Bret Baier July 6, 2024

address, president biden is expected to present a picture of a nation on the rebound making solid progress, especially in regards to the u.s. economy. republicans will portray the president as largely failing. and they have a boat load of new poll numbers to back them up. perhaps, most striking of all those polls, results showing a majority of americans and most democrats do not want president biden to run for re-election. and after the spy balloon journey across the country and increasing aggressive actions around the world, china is expected to be a major topic tonight as well. white house correspondent jacqui heinrich starts us off live tonight from the north lawn. good evening, jacqui. good evening, bret. this speech is widely seen as an anchor to president biden s 2024 announcement. but, looming over it is the fallout from his handling of the chinese spy balloon exposing division within his own party and doubts about his job in office. hours before his speech, th ....

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