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BBCNEWS World Business Report July 7, 2024

in a move that could push the country closer to default. the treasury department said it would end a waiver that had allowed us bondholders to accept payments. russia has almost $2 billion worth of payments on its international bonds that will be due up to the end of the year. joining me now is patrick reid, co founder of the adamis principle. i guess the place to start with this is how close it will bring russia to default in common what would happen if it does? thank you for having me on. it isjust another nail thank you for having me on. it is just another nail in the russian economy, and we cannot underestimate the consequences and dangers of a default. it is not quite like 1998, but it is not quite like 1998, but it is not very good for russia long term. now, a ten year yield on a russian bond will get you about 10% right now. that is not enough. russia s central bank raised interest rates to 20%. they are now currently 1a. that is not going to be enough either. es ....

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BBCNEWS BBC News July 7, 2024

welcome to our viewers on pbs in america, and around the globe. ukraine produces enough grain every year to feed 400 million people. along with russia, it exports one third of the world s entire wheat harvest or, at least, it should. but russia s blockade of ukrainian ports means millions of tonnes of grain are going nowhere, prompting the head of the un s world food programme to call it a declaration of war on global food security that could push tens of millions of people into severe food shortages. it echoes concerns raised by the ukrainian government, and wider accusations that the kremlin is deliberately targeting food supplies. our economics editor faisal islam reports. across the world, food and energy crises are hitting households, increasing social instability and hunger, and leading to whole country is going bust. sri lanka at first, but more are feared to be heading in the same direction. from southeast asia to the middle east, and it s also affecting the ....

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BBCNEWS BBC News July 7, 2024

ukraine produces enough grain every year to feed 400 million people. along with russia, it exports one third of the world s entire wheat harvest. or, at least, it should. but russia s blockade of ukrainian ports means millions of tonnes of grain are going nowhere, prompting the head of the un s world food programme to call it a declaration of war on global food security that could push tens of millions of people into severe food shortages. our economics editor faisal islam reports. across the world, food and energy crises are hitting households, increasing social instability and hunger, and leading to whole countries going bust. sri lanka at first, but more are feared to be heading in the same direction. from southeast asia to the middle east, and it s also affecting the uk, too. with russia s war in ukraine making these supply shocks much worse, the economic stakes are very high here, and across the world, according to one of britain s top bankers. many of the conver ....

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BBCNEWS BBC News July 7, 2024

welcome to our viewers on pbs in america and around the globe. ukraine produces enough grain every year to feed 400 million people. along with russia, it exports one third of the world s entire wheat harvest. or at least it should. but russia s blockade of ukrainian ports means millions of tonnes of grain are going nowhere, prompting the head of the un s world food programme to call it a declaration of war on global food security , that could push tens of millions of people into severe food shortages. our economics editor faisal islam reports. across the world, food and energy crises are hitting households, increasing social instability and hunger, and leading to whole countries going bust. sri lanka at first, but more are feared to be heading in the same direction. from southeast asia to the middle east, and it s also affecting the uk, too. with russia s war in ukraine making these supply shocks much worse, the economic stakes are very high here, and across the world, ....

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KPIX CBS Weekend News July 7, 2024

president biden seeks to strengthen economic ties with other asian nations. diaz: plus, battle for ukraine. imtiaz tyab in odesa where russia s war in ukraine is having an impact on foot supplies around the world. diaz: later, johnny cash s hometown springs an unfortunate leak. it s like he s peeing. this is the cbs weekend news. from chicago, here s adriana diaz. diaz: good evening, it is a weekend of weather extremes. more than 100 million americans are impacted in much of the lower 48 states. late today a suspected tornado ripped through arkansas. no word yet on damages or injuries. in colorado today, it feels and looks like winter. but across a swath of the country, it s more like summer. several cities are roasting and setting new heat records, and it s not even memorial day. cbs s michael george is in a muggy new york city. michael. reporter: adriana, good evening. it s near 90 degrees today in central park. add the humidity, feels more like 100. acr ....

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