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BBCNEWS World Business Report July 7, 2024

let s start here in the uk where the new chancellor has been holding crunch talks with the prime minister on sunday to thrash out plans on tax and spending. jeremy hunt says his focus is on growth underpinned by stability. the value of the pound has gone up against the dollar in early trading today in asia. we will look at the market numbers in a moment because the new chancellor has the tough task of restoring economic credibility in the financial markets. our international trade correspondent dharshini david explains some of the tough challenges he faces. as international trading resumed for the first time after the chancellor wrapped up an economic strategy launched just one month ago, but his version, will it reassure other financial markets? let s look at those challenges, because this is the cost of new government borrowing, as dictated by the bond markets, which also impact mortgage rates. that rate remained high on friday then it was prior to september s mini bu ....

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BBCNEWS BBC News July 7, 2024

report has just told uncomfortable truths and it has to be dealt with. air raid sirens sound in kyiv officials say russia is using self detonating drones to attack the ukrainian capital. good morning and welcome to bbc news. the new chancellorjeremy hunt is to deliver an emergency statement on the economy this morning, bringing forward measures a fortnight earlier than expected. it s expected there ll be a delay in the plan to cut the basic rate of income tax from 20p to 19p, that would be yet naother u turn from the mini statement that caused such turmoil on the financial markets. in an effort to calm those markets, the chancellor will bring forward measures from the so called medium term fiscal plan how he ll pay for the measures announced in the mini budget last month. yesterday he told the bbc that he was not taking anything off the table in terms of tax and spending. already on friday liz truss announced an £18 billion u turn on scrapping an increase in corporat ....

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FOXNEWS Hannity July 7, 2024

by republican gubernatorial candidate lee zeldin. he confrontee confhed the curret governor , kathy hochul, on the stage. violent crime wave, leavinger hochul to wonder, you know, mysteriously, wh y do you care so much about this issue of crime? governor , here s a hint. people are dying now.s st both tooter dixon and leeead zeldin will join us straight. had also georgia senated candidate herschel walker will be here. but we begin tonight in the great state of pennsylvania. the commonwealthe mmonweal, whe, he will join us in a momente mot with reaction to one ofry the most well, i guess you can. say, unusual debates in tonig american history.p is now, tonight, it s official. the cover up is over democrats, the media mob, the fetterman campaigncampai, they were all ln to all o if us .ly john fetterman is not mentally ,physically, cognitively fit to serve. he should no st be running for the senate. and in a word, what we saw last night was painful. i ll give hil hard to ....

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BBCNEWS Outside Source July 7, 2024

obvious. please obey all warnings and directions from obvious. please obey all warnings and directions from emergency. and directions from emergency officials russia prepares to formally annex four more territories of ukraine with a signing ceremony in moscow. the west has condemned the vote as a sham. a fourth leak is discovered in the nord stream gas pipeline in the baltic. nato calls it a deliberate act of sabotage. #asl # as i walked to the valley of the saido of death, i take a look at my life. tributes are paid to the american rapper coolio, who s died at the age of 59. we have three major stories to cover tonight. parts of florida are being devastated by hurricane ian, the storm s being described as a once in a 500 year event. russia is preparing for a ceremony in red square on friday when it ll formally annex occupied ukrainian territories in defiance of international law. but first, we start here in the uk. the prime minister liz truss has been defending he ....

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BBCNEWS BBC News July 7, 2024

expect in this you can see, there has been substantial damage to property. the queen s death certificate is made public, it says she died of old age, at ten past three in the afternoon on the 8th september and tributes are paid to the american rapper coolio who s died at the age of 59 in los angeles. the prime minister has insisted that her tax cutting plans are right for the uk economy and she will not be changing course. in her first interviews since the chancellor s mini budget last friday, liz truss argued that record falls in the pound and rapidly rising borrowing costs in the uk are part of a global crisis that has been sparked by the war in ukraine. and she said the government s strategy would support people and businesses hit by rising energy prices. here s our economics editor faisal islam. an engine factory in darlington. the chancellor, kwasi kwarteng, out and about for the first time since his mini budget stalled, britain s currency slumped and borrowing c ....

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