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BBCNEWS Asia July 3, 2024

Loner. ,. , holding rates higher for loner. , longer. Economic activity has been stronger longer. Economic activity has been stronger than longer. Economic activity has| been stronger than expected, stronger than we all expected. And so what you are seeing is that this is what people believe as of now will be appropriate to achieve what we are looking to achieve, which is progress toward our inflation goal. Is progress toward our inflation goal. Central bank now preject inflation goal. Central bank now project higher inflation goal. Central bank now project higher growth | inflation goal. Central bank. Now project higher growth and lower unemployment for next year. If they are right for the us will have avoided a long recession. The decision gives policymakers more time to assess whether they have done enough over the last 18 months to tame inflation. The fed began lifting Interest Rates from near zero in march 2022. Central banks ....

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BBCNEWS Verified July 3, 2024

Of nagorno karabakh, describing it as an Anti Terrorism action. Time for a look at the Business News now with lukwesa burak. Lets start in the United States, where elon musk has suggested that all users of the x platform, formerly known as twitter, may have to pay to use the service. The billionaire made the remarks at an event in california, where he appeared in conversation with israels prime minister, benjamin netanyahu. Mr musk argued that a Payment System was the only way to counter bots, or automated accounts. Our north America Business correspondent. Erin delmorejoins us. He has not confirmed it is going to happen but what is the feeling in the United St ....

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BBCNEWS Asia July 3, 2024

Earlier we saw the Australian Market opening lower. Business reporter Suranjana Tewari is across the story from oui newsroom. Oil prices expected to rise at the start of the asia trading day. Although a lot of this has been priced in. On friday, oil prices were at a six month high. Thats because investors really expected that iran would retaliate on that suspected Israeli Attack at the beginning of the month. Traders say any gains will depend on the scale of israels response. I think well see volatility, i think that will be on the framework. If there were to be some sort of counter move by israel i think that would rock it markets very much to the upside as far as crude oil in the us dollar as a safe haven. We see how this all plays with it but i do expect the markets to appreciate in value, itjust depends on how s ....

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BBCNEWS Verified July 3, 2024

Of its choosing. Oil prices are particularly volatile, given the regions role in producing a commodity so vital to the functioning of the Global Economy. Well, oil prices have actually been falling and thats because many traders think the risk of escalation is already factored in to the price. The American Bank citigroup though is warning that if there is more direct conflict between the two, oil prices could soar above 100 a barrel. And its likely that all of this will dominate the agenda for central bankers and Finance Ministers who are gathering this week in washington dc for the annual International Montary fund and world bank meetings. Ahead of that, the head of the imf Kristalina Georgieva ....

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BBCNEWS Asia July 3, 2024

The labour is asking for a Wage Increase of about 36 . The management has offered about 20 . So there is a big gap between the two sides. The Labour Unions have thrown out some almost fantastical wants such as a return to a normal Pension System and even four day work week. These are kind of real outliers there in the Global Industry that would take the unionised American Workers into the kind of uncharted territory. If you bring in the asian perspective, what are the things that have been done differently here for you to make any comparisons . How do we draw those comparisons as a strike lays out . For background, what you are seeing in the United States ....

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