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BBCNEWS Business Today October 2, 2024

And what would you do with a spare 25 Billion Euros . Thats the question facing the irish Government Today as it delivers its budget following a huge Tax Windfall from Tech Firms. Live from london, this is business today. Im lukwesa burak. We start in the us where in the last 30 minutes tens of thousands of East And Gulf Coast Port workers have started striking for the first time in nearly 50 years. This comes after the international longshoremen s association and the us Maritime Alliance were unable to reach an agreement on the terms of their contract. The strikes will halt trade in a wide range of goods and disrupt the Countrys Economy just as we enter the final weeks before the president ial election. Our North America Business correspondent Ritika Gupt the two major sticking points between international longshoreman ....

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BBCNEWS Business Today October 2, 2024

The two major sticking points between the international longshoremen S Association and us Maritime Alliance are wages and automation. Workers are unhappy with the current contract, which spanned the pandemic, when Dock Workers stayed on the job and endured months of soaring inflation on automation, the Union Boss has been warning Dock Workers that their jobs could be replaced by machines. In response, the us Maritime Alliance has said its offering to keep the current ban on fully automated equipment. A strike could cost the us economy 5 Billion a day, according to Jp Morgan analysts. A range of Goods Flow through the East And Gulf coast ports, everything from raw materials and pharmaceuticals to clothes and toys, with the ports accounting for more than half of containerised imports. While consumers may not feel the impact of the strikes right away, if it extends for weeks, it could lead to shortages and higher prices ahead of the pres ....

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BBCNEWS Breakfast October 2, 2024

Sunshine, particularly in the north and west. Some Rain In the forecast across areas that are already saturated in central and eastern england. All of the details shortly. Its tuesday, the first of ocTober. Israeli Ground Forces have crossed inTo Southern Lebanon, marking an important new escalation of their offensive against hezbollah. The incursion follows weeks of heavy blows by israel against the lebanese armed group, including the killing of its long time leader, Hassan Nasrallah. Israel says its targeting the iran backed group hezbollah, which is designated as a Terrorist Organisation by Western Governments, including the uk. Here, the Foreign Office has announced that a Chartered Commercial Flight Will Leave Beirut on wednesday To help any british nationals wanting To Leave Lebanon. It isa it is a complicated situation t ....

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BBCNEWS The Context October 2, 2024

Few mInutes but for now, thank you for beIng wIth us. Jd vance and tIm walz, both us veterans of course, It wIll take place agaInst thIs MIlItary Backdrop where the us Is very much Involved. The MIlItary Backdrop where the us Is very much Involved. Is very much Involved. The us wIll be choosIng Is very much Involved. The us wIll be choosIng theIr Is very much Involved. The us wIll be choosIng theIr new. WIll be choosIng theIr new Commander In ChIef In the next four orfIve weeks. For Commander In ChIef In the next four or fIve weeks. For next presIdent of UnIted States. That sense of a polItIcal vacuum whIch Is partly whIle were seeIng thIs escalatIon In the MIddle East. My Colleague CaItrIona Perry Is In the us word that debate wIll be happenIng. What are you pIckIng up happenIng. What are you pIckIng up wIth concern at the top of the us PolItIcal EstablIshment rIght now because ObvIouslyjoe BIden Is crItIcIsed In some quarters for not ....

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MSNBC Chris Jansing Reports October 2, 2024

Your people back into their homes, you dont escalate to deescalate. And obviously now, with the iranian retaliation, israelis are in their shelters as they go into the new years holiday weekend. Ben . Yeah. I think, you know, since October 7th, the Biden Administration has had a number of goals, one was to provide support to israel as it aims to go after hamas, but then also one of the principle goals of u. S. Diplomacy since October 7th had been avoiding deescalation into lebanon, precisely because i think there was an understanding that lebanon could be kind of the Trip Wire to this broader regional war that essentially, you know, it is one thing if there is a conflict In Gaza, that alone is destabilizing enough and is obviously brought a tremendous Human Toll and has grinded on for a full year. But the concern has always been that if israel launched a Ground Operation ....

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