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BBCNEWS World Business Report July 7, 2024

to finalise a price cap on russian crude. more strike action across the uk with over 100,000 royal mail workers voting over current pay conditions, as the cost of living crisis continues to bite. back with a bang india s tourism sector is thriving as demand beats pre pandemic levels. however, the heavy footfall is taking its toll on the country s beauty spots. and aiming for clearer waters the un holds an international conferance on maritime protection, warning the world is facing an ocean emergency . let s start with the conflict in ukraine, because leaders from the g7 nations are finalising plans to cap the price of russian oil as part of new sanctions aimed at moscow s finances. oil is the most lucrative export for the kremlin. the news sent the price of oil higher as investors worry about tightening supply. has more from new york. as russia s war in ukraine waiters en, western countries are looking at ways to further pressure must go. the new proposal to cut prices ....

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BBCNEWS World Business Report July 7, 2024



hello and welcome to audiences in the uk and around the world. i m victoria fritz. we start here in the uk, with warnings that the country is set for the slowest growth of the g7 nations next year. for context, the uk is not alone, the imf says the global economy will shrink for the first time since 2020, why? partly the pandemic, partly the warn in ukraine, but the risk of recession is rising, and the uk is vulnerable. here are the numbers. the imf has revised down its growth for next year, from 1.2% to just 0.5%. significantly behind the us and europe at over i%, and the globalfigure of 2.9% growth in 2023. so why would the uk fare comparatively worse? well part of the problem is the uk s reliance on fossil fuels, making up 76% of our energy mix, compared tojust under 60% across the eu. let s listen to the imf s chief economist. the one thing that worries me more about the uk economy is that their inflation numbers seem to quite high, there are quite high gas prices a ....

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BBCNEWS Newsnight July 3, 2024

Labour to promise full Public Ownership of the railways in the next parliament, as keir starmer gambles on renationalisation. Newsnight has the first details of the oppositions plan for our creaking railways, to be revealed tomorrow, taking every major Train Operating Company into public hands, should labour win the election. Werejoined by a rail expert with links to the party. Also tonight. Catch and kill. With the trump trial over hush money restarting tomorrow in manhattan, in a british tv exclusive, the former Executive Editor at the National Enquirer, joins us live to explain who paid what to whom, and why it could matter a lot. And housing is the new political battleground, with big reforms promised and debated in the
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BBCNEWS World Business Report June 4, 2024 04:35:00

Are a lot of volatile factors at play that there is no also getting away from the fact that energy prices just are not going to get much lower for the foreseeable future and the price at the pump are not going to get that much lower for the foreseeable future and the uk is extremely sensitive to that, adding all the factors the uk is facing right now, the transition period as a result of brexit is one of those and the other factors as well that means the uk is simply more vulnerable at this point and that means a recession has seemed inevitable for a lot longer. seemed inevitable for a lot [on . er. ., seemed inevitable for a lot loner. ., , longer. that sounds deeply, dee -l longer. that sounds deeply, deeply depressing. - longer. that sounds deeply, deeply depressing. do - longer. that sounds deeply, deeply depressing. do you | longer. that sounds deeply, - deeply depressing. do you think there is anything that might improve things and what you make of this new anti fragmentation t ....

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BBCNEWS World Business Report June 4, 2024 04:40:00

Worry that if wages are going up worry that if wages are going up and prices are going up, we are ina up and prices are going up, we are in a spiral that will get out of control and last a lot longer? out of control and last a lot loner? ~ ., ., ., , ., longer? we are already in that siral, longer? we are already in that spiral. i m longer? we are already in that spiral, i m afraid. longer? we are already in that spiral, i m afraid. hate - longer? we are already in that spiral, i m afraid. hate to - longer? we are already in that spiral, i m afraid. hate to say| spiral, i m afraid. hate to say i think central bank mr roper on trying to contain inflation and people have a right to strike, i would suggest otherwise but i think it s unfortunate in the sensitive the labour market is pushing for higher wages, that push for higher wages is unfortunately only going to contribute to inflation, inflation is the reason that they are striking in the first place, and unfortunately that means c ....

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