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BBCNEWS Asia July 1, 2024

to ease rising prices. data you may recall this week showed a drop from its peak of 1.9% in mid 2022 tojust 3.1% in november. that is above the beds target of 2% and jerome powell cautioned the committee had not ruled out raising rates again in the future. still, wall street, all three major markets finished higher and the dow jones industrial average jumped more than 500 points to a record close. this is the third time in a row after all that central bank decided against another rate hike. for investors satisfied that the fed is done, the only question on their minds is when will the fed start cutting them? investment firm t row what happened in the us overnight? i talked to someone from t rowe price earlier and asked her what the fed s decision means the rest of the world. i think this is a very good question on what we have seen during this business cycle is that the fed and the us rates tend to lead other markets so that is one way we can take signal from what s h ....

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BBCNEWS World July 2, 2024

from new york. michelle fleury reports. we should get further evidence there is slowdown in the job markets. employers are growing more cautious and employees are sticking around longer. one caveat should see some distortion to the numbers, the auto and actors strikes both endedin auto and actors strikes both ended in november with many returning to work that same month. plus, the end of the year is when many seasonal workers get taken on. american central bank, the federal reserve, it will be watching closely because lowerjob growth will feel expectations the pheasant will leave rates on hold. they have risen 5% from nearly zero since march of last year as it wrestled to bring down inflation. thejobs report is a lot of economics data before the us central bank s meeting next week. despite expectation for a slowdown, america s labour market remains strong by historical standards. still, market remains strong by historicalstandards. still, if historical standards. still, ....

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BBCNEWS World July 2, 2024

for the firm. our north america business correspondent erin delmore has the latest. what began as the firing of openai as ceo and co founder sam altman on friday is now a stand off between hundreds of openai employees and the company s board. nearly all of openai s workers are threatening to quit if the ball doesn t resign and reinstate the former leadership. board members fired altman on friday, saying in a statement that he was not consistently candid in his communications with them. the company also announced that greg brockman the president and co founder of openai would be stepping down as chairman of the board, but he quit. the company has named emmett cher, the co founder of the live streaming platform twitch as openai s interim ceo. two broken prominent openai heads have signed onto the letter. on monday morning, the chief scientist tweeted he deeply regrets his participation in the board because my actions. openai has been the dominant force in al developmen ....

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BBCNEWS BBC July 2, 2024

that the country would have overall security responsibility for the territory. mr dermer told the bbc overall security responsibility did not mean reoccupy or govern the area but that israel would ensure it remained demilitarised once the war ends. we ve also heard from us officials on the matter the national security council spokesperson, john kirby, had this to say. the president maintains his position, that a re occupation by israeli forces is not the right thing to do. we ll let them speak to their intentions but we are definitely having conversations about what the post conflict environment ought to look like, and what governance in gaza will look like. one thing there is absolutely no daylight on is hamas cannot be part of that equation. on tuesday evening, candlelit vigils were held across israel to mark a month since the attack by hamas. people gathered to remember the more than 1,400 people killed, and the hundreds of others taken hostage. israeli prim ....

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BBCNEWS World July 2, 2024

months to september. so how does the eurozone push for growth and stay competitive? let s find out. joining me now is azad zangana, who s a senior european economist at schroders. thank you forjoining us here. welcome to bbc news. we have growth falling, or rather stalling, inflation hopefully falling. how does the euro zone position itself, what should it be doing? position itself, what should it be doinu ? position itself, what should it be doing? position itself, what should it be doinu? ., ., , ., be doing? the eurozone is doing re be doing? the eurozone is doing pretty much be doing? the eurozone is doing pretty much what be doing? the eurozone is doing pretty much what most - be doing? the eurozone is doing pretty much what most of- be doing? the eurozone is doing pretty much what most of the i pretty much what most of the advanced economies around the world are trying to do at the moment, which is low inflation, and they have done that by raising interest ra ....

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