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BBCNEWS World Business Report July 7, 2024

yes, indeed, the thought of a chip implant may send a shiver down your spine, that comes later but we begin with the latest warning from the international monetary fund. it has slashed its forecast for the global economy, saying it will grow by only 2.7% next year, with many countries in recession. in its six month update, the imf said the worst was yet to come. this forecast comes as the fund and internationalfinance ministers meet in washington. our north america business correspondent michelle fleury has more from the us capital. the international monetary fund had bad news forjust about everyone. according to its latest forecast, a third of countries will be in recession next year. and whatever growth the others have, it will be far less than they had hoped for. on top of that, the fund s less than they had hoped for. on top of that, the funds to balcomba speaking to the bbc insisted central banks must continue to raise interest rates to fight inflation. if central ....

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BBCNEWS World Business Report July 6, 2024

it s three years today since chinese state media reported the first recorded death from covid 19. since then the global economy has been under intense pressure, and now the world bank is warning it is close to falling into recession. in its latest economic forecast, the bank said after surging by over 5% in post pandemic 2021, growth in the world s richest economies is likely to slow sharply from 2.5% last year to just 0.5% this year, and debt caused by the pandemic will take decades to pay off. the bbc s north america business correspondent samira hussain reports from new york. the from new york. world bank expects the global the world bank expects the global economy to grow by 1.7% this year, much lower than the 3% originally predicted by the world bank back injune. now, a number of factors are being blamed. the continued war in ukraine continues to put pressure on global energy prices, and interest rates are rising in many economies to combat the high cost of living. ....

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BBCNEWS Outside Source July 7, 2024

the streaming giant s audiences will be measured independently for the first time. market turmoil and questions over how the british government will pay for promised tax cuts, after the prime minister liz truss said she would not cut government spending. have you wrecked the economy, minister? have you wrecked the economy, minister? time for another u turn? this was liz truss leaving number ten for her first session of prime minister s questions since last month s mini budget sparked market turmoil. pension funds, the pound and the cost of mortgages have all been affected. once in the house of commons, she was tackled by the leader of the opposition on how she planned to pay for lower taxes. during her leadership contest the prime minister said and i quote her exactly, i m very clear, i m not planning public spending reductions. is she going to stick to that? absolutely, absolutely. what we re. mr speaker, what we will make sure is that over the medium term the debt is ....

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BBCNEWS Newsday July 7, 2024

alexjones to pay $965 million to the families of the victims of the sandy hook massacre. and in china, where the country s ruling communist party gathers for its annual congress, we ll look at whose likely to become xijinping s second in command. live from our studio in singapore. this is bbc news. it s newsday. it s six in the morning in singapore and 11 in the evening in london, where the government is battling new economic uncertainty. prime minister liz truss has told mps her strategy of cutting tax will not change. but she s also said she won t cut spending either, suggesting the government will have to borrow more. that s raised concern even among her own mps. some want her to rethink tax cuts to reassure the markets. our political editor, chris mason, reports. reporter: have you wrecked the economy, prime minister? - there are plenty of questions for liz truss at the moment, but that one gets to the crux of things. spiralling prices, interest rates climbing, the ....

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CNN CNN Newsroom With Poppy Harlow and Jim Sciutto July 7, 2024

good morning. i m erica hill in for jim and poppy today. welcome to a holiday edition of newsroom. we re following several stories on this labor day of the right now in canada, a major manhunt under way after at least ten people were killed, up to 25 stabbed in all. a heinous murder spree covering more than a dozen crime scenes. officials are warning the two suspects are on the run. they should be considered armed and dangerous. following that story for you, we re keeping a very busy eye on the campaign trail here in the u.s. minutes from now president biden will depart for a pair of major events in two critical battleground states, wisconsin and back to pennsylvania. the president set to speak to american workers in milwaukee later today and then it s off to pittsburgh where we ll speak with a group of steel workers. the trip, of course, coming just days after pieden s predecessors told pennsylvanians that the current president quote is an enemy of the state. let s b ....

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