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BBCNEWS World Business Report July 7, 2024

in a move that could push the country closer to default. the treasury department said it would end a waiver that had allowed us bondholders to accept payments. russia has almost $2 billion worth of payments on its international bonds that will be due up to the end of the year. joining me now is patrick reid, co founder of the adamis principle. i guess the place to start with this is how close it will bring russia to default in common what would happen if it does? thank you for having me on. it isjust another nail thank you for having me on. it is just another nail in the russian economy, and we cannot underestimate the consequences and dangers of a default. it is not quite like 1998, but it is not quite like 1998, but it is not very good for russia long term. now, a ten year yield on a russian bond will get you about 10% right now. that is not enough. russia s central bank raised interest rates to 20%. they are now currently 1a. that is not going to be enough either. es ....

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CNN The Lead With Jake Tapper July 7, 2024

by investigators today, jake, lasted 40 to 60 minutes, from the moment he was engaged with the officer outside the school to the moment that a border patrol agent shot and killed ramos inside the school building, that that took almost an hour. so you can imagine what a horrific scene that was inside that school for the dozens of children and teachers that were inside. yeah, there s a lot of questions about that timeline. but ed, we just heard from the shooter s grandfather, i understand. yes, we were out in the neighborhood where investigators and fbi agents have been combing the neighborhood around where ramos grandparents live. the grandmother is still in a san antonio hospital. we understand she s 66 years old, still in critical condition. she was able to she was shot in the face, we re told, and was able to walk across the street and get a neighbor to call for help. that s how she was airlifted to a hospital in san antonio. but that woman is still hanging on ....

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BBCNEWS Newsday July 7, 2024

aimed at countering china s growing influence in the region. live from our studio in singapore, this is bbc news it s newsday. hello and welcome to the programme. the united nations world food programme has described russia s blockade of ukrainian ports as a declaration of war on global food security that could push tens of millions of people into severe food shortages. it echoes concerns raised by the ukrainian government and wider accusations that the kremlin is deliberately targeting food supplies. our economics editor faisal islam reports. across the world, food and energy crisis are hitting households, increasing social instability and hunger and leading to whole country is going bust. sri lanka at first, but more are feared to be heading in the same direction. from southeast asia to the middle east, and it s also affecting the uk, too. with russia s war in ukraine making the supply shocks much worse, the economic stakes are very high here and across the world, ....

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

su semiconductor plant. the other stop is japan. but as biden makes the rounds, there is also growing concern over what north korea might do next to rattle the saber. the united states preparing for the distinct possibility that kim jong-un would conduct a missile test, an icbm, in coordination with biden s trip. wouldn t be the first time he did it. more on that in a moment. let s begin in seoul, south korea, cnn s jeremy diamond is there. tell us what the biden administration hopes to accomplish on this trip, both in south korea and japan. reporter: well, jim, president biden has arrived here in south korea at a moment of extraordinary tension as the potential for north korean ballistic missile tests looms large over the president s trip. we have learned according to an official familiar with the intelligence that south that north korea appears to be taking steps to fuel an icbm, which would be one of the final stages before a launch. really raising the stakes and ....

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

there. with china in mind. but as biden prepares to head overseas, there are concerns that north korea is preparing to test an intercontinental ballistic missile in the coming days, one more dose of saber ra rattling. the other major story we re following, the u.s. economy in flux, to say the least. wall street set for another rough day, dow futures already down. you see there this morning. after the markets worst day in nearly two years yesterday, ending down nearly 1200 points, 3.5% or so. inflation fears now depressing investor sentiment. many ceos are stating their concerns of a recession could be coming. let s begin at the white house, cnn s john harwood is there. so, first, john to this meeting today, sweden and finland, two countries that avoided membership in the alliance for years, for decades in fact, the invasion of ukraine changed that, the president showing his support today. reporter: that s right. and this is one of a series of consequences that have u ....

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