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BBCNEWS World July 5, 2024



to shut down the blast furnaces at port talbot. frustration, disappointment is probably the biggest word. disbelief. it sjust been. handled absolutely appallingly in my opinion. also coming up: are pre election handouts ahead? taxes in his march budget. when i look around the world to america and asia, when i look around the world to america iwith sia, when i look around the world to america iwith lower when i look around the world to america i with lower taxes countries with lower taxes have more dynamic, faster growing economies. that s and a sweet business that ran out ofjuice. we look at the rise and fall of the original indian steel giant tata is expected to confirm up to 3,000 jobs will be cut from its british operations. the bbc understands tata is to go ahead with plans to shut down both blast furnaces at its port talbot site in south wales which is the uk s biggest steel plant. the company is intending to replace the furnaces with an electric version which is ....

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BBCNEWS Talking July 5, 2024



talking business. hello, everybody! a very warm welcome to talking business weekly with me, aaron heslehurst. let s go and take a look at what s on the show. shipping gets stuck in the slow lane. how much damage will be caused by the red sea attacks forcing global trade to take the long way around? the global economy relies on all our stuff being moved across the oceans. but, are 150 years of progress being undone by an unprecedented threat to shipping? i m going to be discussing all of that with these two, there they are. the big boss of the world second biggest shipping company, denmark s maersk, who tells me that consumers are already feeling the effect with higher prices. and the boss of the un s international maritime organisation, who will fill us in on what needs to be done to keep the oceans free for global trade. plus, big bucks for the big stage the man who runs the world s biggest brewer, the giant behind budweiser, corona and stella tells us why he is spen ....

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BBCNEWS Newsday July 5, 2024



we begin in uvalde, texas, where a long awaited report into a deadly school shooting has been highly critical of the police. it found, what they describe, as a cascading failures of leadership, decision making, tactics, policy and training. when the gunman burst into robb elementary school in 2022 hundreds of police officer rushed to the scene but it took more than an hour for them to confront him. in that time, the gunman murdered 19 students and 2 teachers. that delay sparked outrage among the victims families and across the us more widely, and it prompted the us department ofjustice to investigate, producing today s report that runs 600 pages long. the us attorney general merrick garland visited families in uvalde, said the victims and survivors of the mass shooting deserved better. the law enforcement response at robb elementary school on may 24th, 2022, and in the hours and days after was a failure that should not have happened. we hope to honour the victims ....

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BBCNEWS Talking July 5, 2024



and the boss of the un s international maritime organisation, who will fill us in on what needs to be done to keep the oceans free for global trade. plus big bucks for the big stage the man who runs the worlds biggest brewer, the giant behind budweiser, corona and stella tells us why he is spending hundreds of millions of bucks on the olympics and why he s not worrying about shipping delays. wherever yourjoining you from around the world, once again, a warm welcome to the show. you know, just when the global economy thought it was getting over at the shocks of the pandemic, russia s invasion of ukraine and the inflation that followed, up pops another major challenge. this time the shipping industry is quite literally under attack like never before, and it is causing growing disruption to the global economy. diversions and delays are threatening to push up prices once again. the crunch point is the red sea. it s a conduit to the suez canal which, since it opened more t ....

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BBCNEWS Asia July 5, 2024



hovering around 2%. right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5%. but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may, the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. the nikki index is trading flat as japanese investors look at what happened on wall street overnight aftermarket sales for a third straig ....

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