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BBCNEWS World Business Report July 6, 2024



we start in the us, where the rate of inflation has slowed to its lowest level in nearly 2 years. figures released in the last hour, show the consumer prices index came in at 5% last month, lower than expected. but what does it mean for central banks that have been agressively raising interest rates around the world, to keep a lid on prices? well the deputy director of the imf has been speaking to our north america correspondent, samira hussain, about what could happen next. let s speak to her now. she s in washington. it isa it is a really interesting interview. if the idea that banks need to hold firm on the idea of raising rates until we are clear of the peak of inflation? we raising rates until we are clear of the peak of inflation? raising rates until we are clear of the peak of inflation? we spend such a lona time the peak of inflation? we spend such a long time in the peak of inflation? we spend such a long time in an the peak of inflation? we spend such a l ....

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BBCNEWS BBC News July 6, 2024



confirms it carried out tuesday s deadly bombing. we speak to the un s special rapporteur on human rights. welcome back to bbc news. more on all of those headline stories in a moment or two, but let s round up the sport needs and head to the bbc sport centre. well, more european football tonight? the runaway siri a leaders, napoli, going to ac milan. frank lampard will need a heroic performance from his chelsea side, who go on to take on holders, real madrid. chelsea s season has been one to forget so far, 3 wins in their last 13 games, 17 points off the top 4 in the premier league with lampard back at stamford bridge as caretaker manager. former chelsea striker chris sutton believes all the focus is on carlo ancelotti s side ahead of this one. everyone is looking at real madrid, the mentality monsters, they always find a way to get out of the hind stop we saw last season some incredible comebacks when they were down and out on the last legs, and they found a way. chels ....

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BBCNEWS World Business Report July 6, 2024



and 48 hours to come up with the next generation of video games. we ll be hearing from the man behind the global gamejam. hello there. we start here in the uk, where the bank of england has raised the cost of borrowing for the tenth time in a row. the half a percent rise puts uk interest rates at 4%, their highest level in more than 1a years. a bonus, of course, for savers, but it piles more pressure on businesses and those with mortgages, loans and credit card debt. the good news is that the bank now thinks the uk s recession will be shorter and less severe than it previously thought, and there s a hint that rates may not have to go any higher. but a recovery could take years as our economics editor faisal islam reports. the squeeze continues. an official interest rate of 4% should not feel huge, but it does, and notjust here in nuneaton, forjoanne, who runs a furniture and gift shop. the mortgage a furniture and gift shop. the mortgage on a furniture and gift sh ....

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BBCNEWS BBC News July 6, 2024



the energy regulator ofgem has asked suppliers to pause the forced installation of prepaid metres. it follows revelations that a debt collection company working for british gas broke into the homes of vulnerable people to install the metres. prepayment metres require customers to pay for their energy in advance. it s more expensive than paying by direct debit, but are sometimes the only option for people who have struggled to pay and are in debt to a supplier. ben king has more. an undercover reporter from the times newspaper joined a team of debt collectors, entering the home of a single father with three young children. they count as vulnerable. but, these workers from arvato financial solutions, working for british gas, opened the door and installed a prepayment meter anyway. installing prepayment meters by force is legal, but it s meant to be a last resort, and should not be done to vulnerable households. if people cannot afford to top up the meters, they will be le ....

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BBCNEWS The Context July 6, 2024



and the hard yards that we need to undertake to get this right. hello and welcome to the programme. we will be live in ireland tonight, asjoe biden makes the journey south to his ancestral home. we will be finding what came of his brief visit to belfast today, and what unionists made of the speech he delivered. we ll bring you more of that extraordinary conversation between the bbc s james clayton and elon musk. plenty to disect in that, including musk s confession he only went through with a takeover at twitter, because the judge would have forced him to do it anyway. and who controls the distribution of the abortion pill in america? the us government is in court this next hour, to appeal a decision in texas to suspend the licence. we will get reaction. lets start first with president biden and the speech he gave today marking the 25th anniversary of the good and friday agreement. a speech in which the us president held out the promise of huge us investment if and when ....

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