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BBCNEWS World July 4, 2024 - Vimarsana News

BBCNEWS World July 4, 2024

At a near standstill since the beginning of the year. The Bank Of England has raised the cost of borrowing 1a times since the end of 2021 to try and rein in soaring prices. That has weighed on the economy, but experts have warned the full effect of those Interest Rises has yet to be felt. Emma vardy reports from morecambe in the north of england. Rowing is a delicate art. A bit like managing economy. A year of slow growth, business is feeling the pressure from rising costs, means as no surprise that many are feeling cautious about their ambitions were branching out. We cautious about their amb...

BBCNEWS World Business Report July 6, 2024 - Vimarsana News

BBCNEWS World Business Report July 6, 2024

the united states where inflation remains stubbornly high. it still a problem for the world's biggest economy and that's because in the last hour or so we've had the latest number of key measure of the central banks follows closely which is the personal consumption expenditures. it excludes volatile food and energy prices. as you can see, pc came in at an annualised rate of 4.6% in march which will maintain the pressure on the fed to increase interest rates when it meets next week. let's pick up with our correspondent in new york. just give us a bit more, what does it tell us about t...

BBCNEWS BBC News July 6, 2024 - Vimarsana News

BBCNEWS BBC News July 6, 2024

this is the scene in one of those cities in central ukraine after a building was apparently hit by a missile. and this is the same scene we can show you, it is daytime now obviously, rescue workers are desperately looking for survivors who may be trapped in the rubble. president zelensky has been speaking and has described scenes like this is another night of russian terror across ukraine. let's take a look at the scope and scale of the attacks last night. most of the fighting in recent months has been confined to the east of the country, centred mainly on the dom region. but that ch...

BBCNEWS BBC News July 6, 2024 - Vimarsana News

BBCNEWS BBC News July 6, 2024

a group of big american banks has injected $30 billion into a smaller regional bank, first republic, which had been seen as at risk of failure. it comes as fears grow of a crisis in the global financial sector. shares in european banks hit a two—month low, after the eurozone�*s central bank hiked interest rates by a half of 1%. us treasury secretary janet yellen insists the us financial system remains sound, despite a series of bank collapses. let's cross to los angeles, and speak to our north america correspondent, peter bowes. peter bring us up on what the latest is and what is...

BBCNEWS BBC News July 6, 2024 - Vimarsana News

BBCNEWS BBC News July 6, 2024

11 of america's biggest private banks have stepped forward with a $30 billion rescue package for the troubled first republic bank. fears had been growing that the regional lender might be at risk of failure as a result of market turmoil. our north america correspondent peter bowes has more. well, this clearly is a big boost. there were fears it could go underjust like silicon valley bank did last week, and this $30 billion from 11 major banks that includejp morgan chase, citigroup as well, crucially important to keep first republic alive, because first republic is a very prominent ba...