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BBCNEWS Talking Business July 6, 2024



so instead of reaping the cash and paying much of it out to shareholders, should big oil be pumping it back into exploration, or even into the great energy transition? i will be discussing all of that with these two. president of energy policy research foundation, and senior director of energy campaigns for the sierra club. also, your clothes, food, tv, much of the energy that you use, all brought to you by a ship. so i will be taking the pulse of the industry with the big boss at the head of the world s biggest shipping company. wherever you are watching, hello, and welcome to the show. 2022 was a tough year for the global economy, just as we began to see the green shoots of recovery from the covid pandemic, russian tanks rolled into ukraine, throwing europe into armed conflict for the first time in over two decades. it s a strategic hotspot, a country with close links to the east and the west, and essentially a buffer zone between russia and its nato adversaries to th ....

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BBCNEWS The Context with Christian Fraser July 6, 2024



welcome to the programme. there are tentative signs that inflation is coming under control, and the recession forecast last year will be shallower and shorter than expected. butjust to make sure, the central banks are raising the interest rates again. yesterday it was the fed, today the bank of england increased the base rate, half a point, to 4% the highest it has been in m years. we think inflation will come down rapidly, and a lot of that is down to energy prices, which have fallen rapidly. but i m afraid there are big risks out there which mean that it may not happen in that way. yet we re still seeing stronger pressure from price and wage setting in the economy in the question is, will that start to ease off? coinciding with the bank s decision came a profit announcement from shell and a rather blunt illustration of why we re all getting poorer. the oil and gas giant has reaped profits of £40 billion last year. the taxman has reaped far less. shell said it p ....

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FOXNEWS FOX Friends First July 6, 2024



time, they are going to ensure all deposits, even those over $250,000 limit. investors will have insulation of the federal government, that is problematic. todd: alexandria hoff will break it down. regulators have waved the limit for depositors and know did the same for signature bank, which was shut down over the weekend. silicon bank, many assets were uninsured, it will prevent a run on banks and companies that bank with svb can make payroll. pinterest and zip recruiter, just to name a few. fdic reads, depositors will have access to their money starting monday, march 13th. no losses will be born by the taxpayer. the president is preparing additional comment. what about the banking crisis? president biden: tomorrow morning talk to you tomorrow morning. the president is set to deliver remarks at 8 a.m. eastern time. a bank bailout was never on the table, said janet yellen. there were investors and owners of systemic large banks that were bailed out and we ....

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FOXNEWS FOX and Friends July 6, 2024



insurance for deposits saving grace for deposit fors as of much as $220 billiony uninsured. move to prevent a run on additional banks makes it so the tech company as it banked with svb can make payroll. at least 29y impacted pinterest, zip recruiter just to name a few. separately the same has been done for new york signature bank which was shut down over the weekend. treasury secretary janet yellen says the action does not equal bailing out the banks. during the financial crisis there were investors and owners of stem large banks that were bailed out and we re certainly not looking and the reforms that have been put in place means that we re not going to do that again. but, we are concerned about the depositors and are focused on trying to meet their needs. so, unlike the great financial drivers stock and bond investors will not be protected by the move. and taxpayer money will not be injected. percy square agrees this was not a bailout. he wrote this on twitter, ....

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FOXNEWS Americas Newsroom July 6, 2024



workers and pay their bills. hard working employees can breathe easier as well. no losses this is an important point. no losses will be borne by the taxpayers. dana: fox news alert. welcome to a new hour of america s newsroom, i m dana perino. bill: i m bill hemmer. dana: a great monday morning. bill: good morning at home. president biden last hour reassuring americans the banking system is in tact after the second and third largest bank failures in u.s. history in the last couple of days. silicon valley bank in california. new york s signature bank yesterday. dana: they issued a joint statement saying depositers will get their money back at both banks. here is janet yellen yesterday. whenever a bank, especially one like silicon valley bank with billions of dollars in deposits fails, it is clearly a concern from the standpoint of depositors, many of which may be small businesses. dana: the market has been open for 31 minutes. what do we know? to avoi ....

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