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BBCNEWS World Business Report July 6, 2024

the international monetary fund has released it s latest economic outlook, and it s grim reading for the uk. forecasts for growth this year have been revised upwards slightly for most major economies, with even russia growing at a faster pace than the uk according to the imf. the stronger performance for most is down to the reopening of china and more resilient labour markets, household spending and business investment. michelle fleury spoke to their chief economist to national monetary fund is sounding a little less gloomy thanit sounding a little less gloomy than it did a view months ago stopping the global lender points to china s recently opening and strong spending by consumers as the reason for its improved global growth forecast at the imf said in its world economic outlook that the cost of living crisis was continuing to bite in most economies with the fund s chief economist telling me the priority now is on reducing inflation in the months to come. on reducing ....

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BBCNEWS World Business Report July 6, 2024

let us get down to business. we start with a fresh look at the banking sector and credit suisse in particular. early marketjitters in response to the ubs takeover of the swiss bank have eased. in asia today, most of the main stock markets are higher with japan closed for a public holiday. the major indices in europe and the united states also closed slightly up on monday. credit suisse is one of 30 crucially important banks in the global financial system and many fear its problems are an indicator of wider risks in the banking sector. so far this month, us and european banking stocks have fallen by 22% and 17% respectively, marking the biggest monthly falls since march 2020 when the covid pandemic hit the markets. here s michelle fleury with a look at how investors in new york responded. yes, there was guarded optimism on wall street following the shotgun marriage between ubs and credit grace that was hastily arranged by swiss authorities over the weekend. the dowjones ....

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BBCNEWS BBC News July 6, 2024

to restore public faith. the culture sadly in the met is all pervasive and the institutional racism, misogyny and homophobia is largely led by what their officers have said and what our own research has shown. todayis today is without a doubt one of the darkest today is without a doubt one of the darkest days in an almost 200 year old met police service. european stock markets recover in early trading with shares in banks rallying after moves to reassure investors following the takeover of credit suisse. barricades go up in new york in preparation for protests. a grand jury could make history by indicting former president donald trump over alleged hush money paid to a porn actress. hello and welcome to bbc news. the chinese president xi jinping, who s in moscow, has described russia and china as strategic partners and great neighbouring powers . on the second day of his visit, mr xi invited vladimir putin to visit beijing this year, and said he would make ties wi ....

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BBCNEWS BBC News July 6, 2024

re vetting firearm offices. a fundamental reset of stop and search in london. 50 mark rowley of the metropolitan police commissioner said he accepted the findings and systemic failures, but stops short of calling it institutional. but people had felt that gown and the report was brutal. he will be reflecting on the report. thank you ve much reflecting on the report. thank you very much indeed reflecting on the report. thank you very much indeed for reflecting on the report. thank you very much indeed forjoining - reflecting on the report. thank you very much indeed forjoining us. i just to bring you our breaking news this hour, borisjohnson has had his defence published before the committee hearing tomorrow on whether he misled the house of commons about attending parties during the covid i9 lockdown. i m joined now from westminster by political correspondent jonathan blake. what is the initial assessment of what it says? what is the initial assessment of what it sa ....

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BBCNEWS BBC News July 7, 2024

truly secure. these are the reasons why ukraine can and must win. thank you. why ukraine can and must win. thank ou. , ., , you. right, you were listening there to the foreign you. right, you were listening there to the foreign secretary you. right, you were listening there to the foreign secretary james - to the foreign secretary james cleverly give an address to the united nations generally assembly in which you heard him being highly critical of russia and its actions in ukraine. this is bbc news. i m reeta chakrabarti. the headlines. the bank of england raises interest rates to a iii year high of 2.25% to tackle soaring prices as they predict the uk may already been in recession. it will be a good thing for me, but i m mindfulfor the it will be a good thing for me, but i m mindful for the younger members of my family, they have all got big mortgages. of my family, they have all got big mortmaes. . , of my family, they have all got big mortgagee of my family, they hav ....

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