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Transcripts For BBCNEWS World Business Report 20240706



and are earning more than ever before. let s start with oil prices, because they ve risen some 20% over the past three weeks. this time last week, prices surged after the oil cartel, opec +, decided it would reduce its combined output by 1.1 million barrels per day. crude prices climbed after the cartel s announcement, but later in the week they steadied, following the latest us and chinese economic data which suggested weaker post pandemic growth. so where are we headed? russ mould, investment research director at aj bell joins me now. i m very excited about this. you are down by the seaside in brighton but actually here today. on the bank holiday we dragged you in. what are your thoughts about oil right now? opec + is seen as this organisation by the white house is not especially helpful when it comes to our outlook for the global economy, cutting production and causing another spike in the price of oil which is very inflationary? it spike in the price of oil which is ....

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Transcripts For BBCNEWS World Business Report 20240706



china is the world s largest car market, and whilst tesla generates most of its money from its electric car business, boss elon musk has committed to grow its solar energy and battery business to roughly the same size. here s mariko with the details from singapore. it is quite a big deal because of course, tesla already has that huge plant in shanghai to make electric cars, so it is basically increasing its investment in china. the fact that this announcement came when tensions between washington and beijing are quite high, that is quite interesting. as you said, this is a mega factory, to produce mega packs. they are basically very large batteries that can store energy, so that they can help stabilise the power grid and also prevent outages. now, of course, many of our viewers associate tesla with those electric cars and that is where the company generates most of its money from. but the company s boss, elon musk, is very keen to also grow its solar energy and battery ....

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Transcripts For BBCNEWS BBC News 20240706



hello and welcome. let s begin with the tensions around taiwan where chinese military forces are conducting drills for a third day. taiwan s defence ministry says it has detected 11 chinese warships and 59 aircraft around the island, 39 entered taiwan s air defence zones on monday morning. these are some of the latest images of the drills released by china s military and shown on the country s state television. the chinese display of force has added to tension between china and the united states. and the us navy says it has sailed a guided missile destroyer through contested waters claimed by china near the spratly islands to assert navigational passage rights. with the latest on the drills, here s our correspondent shaimaa khalil in tokyo. this is the third day of military drills. drills which china calls operationjoint sword. it is surrounding taiwan, a self governing island. china s military exercises happened hours within the return of the taiwanese president fr ....

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Transcripts For BBCNEWS Breakfast 20240706

after weathering a stormy start, spain sjon rahm fights back to win the masters on a dramatic final day at augusta. and we are bringing back in medieval sport for modern times. what more could you possibly want on a bank holiday monday than a jousting competition? well, we have got one. good morning, quite a different week of weather, much more unsettled. rain clearing northward and eastward study, followed by sunshine and showers, but some of the showers will be heavy, thundery, and blustery. all the details later in the programme. good morning. it s monday april 10th. our main story it s 25 years since the historic good friday agreement which brought peace to northern ireland after decades of violent conflict. the prime minister rishi sunak has praised the bravery and perseverance of the leaders who helped broker the power sharing deal. he willjoin the us president, joe biden, on a visit to belfast tomorrow to commemorate the deal. it took 22 months of talks to largely ....

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Transcripts For BBCNEWS BBC News 20240706



aren t so reticent. seems to be yet another attempt at delaying, gaining time and perhaps leveraging on the health status of mr cozzolino in order to somehow tarnish or complicate further a very difficult and very silent investigation across europe. so i would say this is not very fair. news of this investigation first broke back in december last year. it was a bombshell moment. months later, the case continues to fizzle, but it s become more complicated. all the while, it s a cloud hanging over the european parliament. this place is the eu s only directly elected institution. nevertheless, it sometimes struggles for relevance and recognition. this story s certainly got it in the headlines, but in a way it s feared is damaging to public trust. this case is playing out in the open, before a possible trial has even begun. eu discomfort is palpable, whichever way you look. jessica parker, bbc news, in brussels. some breaking news and the mother of two israeli sisters kille ....

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