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BBCNEWS Asia July 2, 2024

and when the property market went down, those products very quickly had to be revalued. china, most of its debt is held in these shadow banks and in some of the bricks and mortar banks so the rate of decline can be slowed a little bit. however, the bigger issue is debt. overall, the debt in the property sector is huge. as much as 30% of bank assets, and that will take a long time to unwind, and the central of government is very reluctant to step in and probably can t have enough cash. under the circumstances, what needs to be done? the government has to make decisions on allocating defaults. will mortgage holders get hurt? that is what happened in the united states, lots of people lost lots of money in their housing. will the banks be squeezed? they can be but then you can t put the banks out of business because then you lose your financial system. so there will be a lot of investors, people in zhongzhi, who they thought could make a killing, and they are losing theirsh ....

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BBCNEWS Talking July 2, 2024

to save the planet. and taking the battle for a cleaner climate into outer space. can the final frontier help us breathe easier down here on earth? wherever you rejoining me from around the world. once again, a big hello and a warm welcome to the show. you know, the climate emergency, it s not new. but as global leaders gather for this year s united nations climate change conference or known as cop 28, it s in dubai. we wanted to see how business and innovators are tackling the climate emergency. so we ve sent our crews and reporters around the world to find the cutting edge technology that could literally save the planet. we begin on a set of islands off the far north of scotland where theo leggett is exploring under the sea. bleak but beautiful. this is the pentland firth, the channel that runs between the north coast of scotland and the orkney islands. it s an area well known for vicious winds and ripping tides and that makes it the perfect location for developing ne ....

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BBCNEWS Talking July 2, 2024

that runs between the north coast of scotland and the oakney islands. it s an area well known for vicious winds and ripping tides. and that makes it the perfect location for developing new forms of clean energy. this narrow strip of water experiences tremendous title forces every single day, in fact they are some of the fastest tides in the world, and that means that there a tremendous reserve of energy if you can tap into it. and that s what s going on just over there, off the island of stroma. beneath the surface, are for gigantic turbines are four gigantic turbines which are generating electricity, right here. the power generated in the murky waters of the first by the power generated in the murky waters of the firth by these vast turbines is already being sold to the national grid. the past five years has been spent testing the technology, and the company behind them says it s ready for a major expansion. so fraser, tell me what we ve got here. we have a 150 tonne, ....

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BBCNEWS Newsday July 2, 2024

the temporary ceasefire agreed between israel and hamas that s due to begin in a few hours time will take effect as planned. there s been violence close to the deadline. hamas claims at least 27 people have been killed by an israeli strike on a un run school in northern gaza. israel hasn t commented. if the ceasefire does go to plan, the four day pause in the fighting in gaza will begin on friday at 7 in the morning, local time. the first group of israeli hostages 13 from a group of 50 will be released a few hours after that. israel has confirmed it has a list of names and has been contacting the families. in return, israel will release 39 palestinian prisoners with a commitment to free 150 if things go well. according to hamas, fourfuel trucks and 200 aid lorries will be allowed to enter gaza on each day of the ceasefire. according to egypt. israel has been clear the truce is not the end of its war against hamas, but clearly there are hopes the pause could be ....

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BBCNEWS Newsday July 2, 2024

strike on a un run school in northern gaza. israel hasn t commented. if the ceasefire does go to plan, the four day pause in the fighting in gaza will begin on friday at 7:00 in the morning, local time. the first group of israeli hostages 13 from a group of 50 will be released a few hours after that. israel has confirmed it has a list of names and has been contacting the families. and in return, israel will release 39 palestinian prisoners with a commitment to free 150 if things go well. according to hamas, four trucks and 200 aid trucks will be allowed in to gaza. israel has been clear the truce is not the end of its war against hamas, but clearly there are hopes the pause could be extended. orla guerin reports. singing. in tel aviv tonight, friends and campaigners coming together. there is hope here and there is caution. the first israeli hostages should be coming home tomorrow. 13 families should be reunited. but it s bittersweet. many hostages will remain in gaz ....

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