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Transcripts For BBCNEWS World Business Report 20240707



market after government borrowing costs soar to a 20 year high. no end to the strong dollar. us interest rates are going higher and staying there for longer, according to policymakers at the federal reserve. also coming up: digging ourselves into a hole. how climate change is threatening the world s soil and our future food supply. we start here in the uk, where pressure is growing on prime minister liz truss and chancellor of the exchequer kwasi kwarteng to rethink their economic plans. financial markets have been in turmoil since they promised £45 billion worth of tax cuts funded by borrowing in a mini budget statement on september 23rd. the chancellor is due to set out how he will fund the package and reduce debt at the end of the month. facing questions in parliament on wednesday, the prime minister ruled out scrapping her tax cuts, but said spending on public services wouldn t be cut either. we are spending almost £1 trillion of public spending, we were spend ....

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Transcripts for BBCNEWS World Business Report 20240604 04:48:00

Or damaged by the war. at the world bank s annual meeting in washington, development experts are scrambling to address a problem that threatens to put millions into starvation. michelle fleury reports. at the last imf world bank gathering in spring, there was a huge deal of concern about how the pandemic, the conflict in ukraine and supply chain disruptions were driving up food prices. six months later, they are still talking about people going hungry. this time it is a global fertiliser crunch threatening to starve the world s crunch threatening to starve the worlds for us. there is no way s minister of international development. fist way s minister of international development. way s minister of international develoment. ., development. at the moment we are facin: development. at the moment we are facing a development. at the moment we are facing a food development. at the moment we are facing a food price development. at the moment we are facing a food price crisis - are f ....

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