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Transcripts For BBCNEWS Verified 20240704

In the 90s and early 00s. Now this comes hot on the heels of disappointing china trade data on tuesday showing exports sank at their fastest rate since the pandemic. Global demand for chinese made goods is falling, down more 14 in the year tojuly. But domestic demand is down too with imports also falling by more than 12 in the same period. Earlier, i spoke to janet mui, whos the head of Market Analysis at rbc brewin dolphin, and she explained where the deflation was coming from. Deflation data, basically mostly coming from food prices and also commodities prices like raw materials, energy, etc. Actually, if you look at the underlying inflation, things like services, things like tourism, leisure, hotels, actually they are up. The Core Inflation is up from 0. 4 to 0. 8 , but obviously its still pretty muted. So overall, i think it is a concern that china prices are contracti ....

Police Officers , Northern Ireland , Data Breach , Business News , China Trade , Janet Mui , Market Analysis , Rbc Brewin Dolphin , Food Prices , Deflation Data , Core Inflation , 0 4 , 0 8 , Goods Prices , Consumer Goods , Trading Session , Windfall Tax , Finance Ministry , 0 1 , Lorenzo Codogno , Interest Rates , Interest Rate Margin , Competition Law , Win Situation , Point Of View , Lot Ofj Comedy ,

Transcripts For BBCNEWS World 20240704

In the 90s and early noughties. This comes hot off the heels of disappointing china trade data on tuesday showing exports sank at their fastest rate since the pandemic. Global demand for chinese made goods is falling down more 14 in the year tojuly. But domestic demand is down, too, with imports also falling by more than 12 in the same period. Earlier, i spoke to janet mui, whos the head of Market Analysis at rbc brewin dolphin, and she explained where the deflation was coming from. Deflation data, basically mostly coming from food prices and also commodities prices like raw materials, energy, etc. Actually, if you look at the underlying inflation. Things like services, things like tourism, leisure, hotels, actually they are up. The Core Inflation is up from 0. 4 to 0. 8 , but obviously its still pretty muted. So overall, i think it is a concern that china prices are contra ....

Trade War , Consumer Prices , White House , Trade Restrictions , World Business Report , Victoria Valentine , China Trade , Janet Mui , Market Analysis , Rbc Brewin Dolphin , Food Prices , Deflation Data , Core Inflation , 0 8 , 0 4 , Goods Prices , Consumer Goods , Michelle Fleuryjoins , North America , Executive Order , Ban Investments By American Companies , Technology Firms , Cutting Edge , Quantum Computing , Tech Sector , Know How ,

Transcripts for BBCNEWS Verified Live 20240604 15:33:00

And electronics, for instance. italy s banks have rebounded during today s trading session, after experiencing some heavy falls on tuesday. this all came about after the government announced a a0 percent windfall tax on the country s lenders. but late on tuesday, the finance ministry said the tax would be capped at 0.1% of assets, without providing further details. so what does this all mean? earlier, i spoke to lorenzo codogno and he explained why the windfall tax was introduced. the government announced the measure to make sure that banks actually increase the depository in line with the increase in official interest rates because the gap of the interest rate margin was widening. however, using taxation to do that is a bad idea, i think if there is a problem in terms of competition you should address that. ....

Trading Session , Windfall Tax , Finance Ministry , 0 1 , Lorenzo Codogno , Interest Rates , Interest Rate Margin ,

Transcripts for BBCNEWS World Business Report 20240604 13:37:00

Of becoming a political issue. so why did the italian government decide to announce it and suddenly water it down? the decide to announce it and suddenly water it down? water it down? the government announced water it down? the government announced the water it down? the government announced the measure - water it down? the government announced the measure to - water it down? the government| announced the measure to make water it down? the government - announced the measure to make sure that banks actually increase the depository in line with the increase in official interest rates because the gap of the interest rate margin was widening. however, it is a bad idea, i think if there is a problem in terms of competition you should address that. we should address regulation, competition law. you should basically do the things that can actually make the market more efficient and competitive, but not taxation. taxation in general is a bad idea. it is a bad idea now because it could act ....

Interest Rates , Interest Rate Margin , Competition Law ,