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BBCNEWS World July 6, 2024

because the eurozone s largest economy is now officially in recession. germany has had two consecutive quarters of negative growth. the country s economy contracted by 0.3% between january and march. this follows a contraction of 0.5% in the final three months of 2022. a drop in consumer spending was main cause of germany s disappointing performance in the first quarter, with household consumption falling by 1.2%, as the cost of living crisis continued to cause headaches for millions of people. joining me now is christian schulz deputy chief european economist at citi bank. thank you for being with us. perhaps no great surprise for those who watch those numbers, but it is symbolically important that what was once was a powerhouse economy is now technically in recession. technically in recession. indeed. germany s - technically in recession. indeed. germany s. .. they ve technically in recession. indeed. germany s. .. they ve had - technically in recession. indeed ....

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BBCNEWS BBC July 6, 2024

a way of transforming songs. - tribute to the music legend. she had a way of transforming songs. so - tribute to the music legend. she hadi a way of transforming songs. so that she owns them, they were hers. she was worshipped. hello, i m lewis vaughanjones, welcome to bbc news now. we start here in the uk where new figures show net migration hit a record high in 2022, despite the government s promise to reduce it. net migration is the difference between the number of people coming to live in the uk and the number leaving. it rose to 606,000 last year, driven by people from non eu countries arriving for work and study, after the pandemic. that s up from 488,000 in 2021. the figure includes people coming to the uk under resettlement schemes from both ukraine, because of the war, and hong kong, after a political crackdown in the former british territory. i asked peter walsh from the oxford university migration 0bservatory his reaction to the net migration numbers. it is ....

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BBCNEWS BBC July 6, 2024

it s come on the final day of the g7 summit of world leaders in hiroshima. president zelensky s surprise appearance has dominated the g7 meeting. he s taken part in the so called family photo with leaders of the world s most powerful democracies. it s part of a multi day diplomatic tour to solidify support for an expected spring counter offensive against russia. president zelensky also had bilateral talks with president biden. take a listen. today, i m announcing the next tranche of us security assistance to ukraine. a package that includes more ammunition, artillery, armoured vehicles to bolster ukraine s battlefield abilities. and the united states continues to help ukraine respond, recover and rebuild. and we re also supporting your pursuit of a just peace. just one aspect of ukraine s sovereignty and territorial integrity. it has to be non negotiable. itjust has to happen. so, mr president, what the people of ukraine are defending, what you ve achieved is a matter f ....

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BBCNEWS BBC July 6, 2024

we start this hour here in the uk, where it is another complicated day in politics, two updates to bring you. first, the home secretary, suella braverman, will not face an investigation into her actions after she was caught speeding last year. the prime minister rishi sunak said he had consulted his ethics adviser, and concluded no ministerial rules were broken. braverman has acknowledged that she asked civil servants about arranging a private speed awareness course, because she said she was concerned about her security and privacy. in another development in the past hour or so. former prime minister borisjohnson is no longer working with the government legal department on his covid inquiry submission. that is after cabinet office officials who have been reviewing documents for the inquiry referred him to the police about potential lockdown breaches at downing street and the prime minister s country residence chequers. they are the two big development so far in the last few h ....

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BBCNEWS World July 6, 2024

the euro zone trade surplus. a better net trade result in the first quarter came mainly from higher exports of machinery, vehicles and chemicals and a drop in imports of energy. imports from russia, once a key supplier of oil and gas to the eu, were 72.1% lower in the january march period than a year earlier as the eu stopped buying most of its energy from moscow following the russian invasion of ukraine in late february 2022. joining me is sylvain broyer, chief economist emea, s&p global ratings. what to be make of these numbers? a pretty anaemic growth figure. there are a few positives, pretty anaemic growth figure. there are a few positives, the pretty anaemic growth figure. ii” are a few positives, the european economy has avoided recession, there is an upsurge in demand partly related to the opening of china and the european industry and job creation are strong. the outlook for the second quarter and third quarter is still 0k, the second quarter and third qua ....

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