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CNNW CNN July 6, 2024

congressional leaders back to the white house with the days to get a deal done simply running out. will either side budge before default? that economists say could be a catastrophe. so word is republican governor ron desantis is now just days away from declaring his 2024 run for president, but the new fury he is facing in florida, all this now on cnn news central. we have new there are new details coming out this morning on the terrifying random shootings in farmington, new mexico. this happened yesterday afternoon and now three people are dead and six others are wounded. police are calling the shooting purely random. the gunman has not been identified but police do say he was 18 years old and he was killed by police once they arrived on the scene. cnn s natasha chen is following this for us, she s joining us now. natasha, the randomness of this is what is so scary. what more are you learning? reporter: the police chief posted a video to facebook last night ....

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BBCNEWS BBC July 6, 2024

the government confirms it is supplying ukraine with the long range missiles it requested for its fight against russian forces. and the australian immigration lawyer taking on eurovision tonight. at 6.30: concerns of how the cost of living crisis will make access to health care worse in london s poorest areas. and rail strikes make an unwelcome return tomorrow. we look ahead to semifinals. the bank of england has raised interest rates again, as it tries to stop prices rising so high. but the bank s governor has warned that prices will not fall nearly as fast they had predicted though he says the economy won t now go into recession. have a look at what has happened to interest rates over the past 15 years. these here were booming times before the financial crash. the economy was growing, there was a house price boom and the bank raised rates to try to damp it all down. and then this steep fall after the crash, with the bank of england trying to save the economy by sl ....

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BBCNEWS HARDtalk July 6, 2024

by allegations of corruption. well, my guest is seychelles president, wavel ramkalawan. is this a story of paradise lost? president wavel ramkalawan, welcome to hardtalk. thank you very much. well, it s a pleasure to have you in the studio. you in the seychelles are known at the un as one of the sids nations. that s the small island developing states. do you think the world listens properly to the sids? i would say no. in fact, as an african country, when the world talks about africa, they don t really pay attention to the sids. and yet, the sids of africa are the ones that are doing very well. when you look at the mo ibrahim index, for example, mauritius is first, seychelles is second, cape verde s third. so you have three sids that are doing extremely well, but the focus is on mainland africa. but isn t that, in a sense, part of the point? you are doing relatively well. i believe your per capita income is over $10,000, which in african terms is pretty remarkable, and ....

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BBCNEWS World July 6, 2024

let s start in the us where some of the worlds leading money managers are warning the collapse of another american bank could lead to a credit crunch and an economic slowdown. constrained lending as a result of stricter banking regulation could stifle credit to the us economy at a critical time. we ll get an expert view on this in a moment but first here s my colleague samira hussain on the collapse of first republic. as of monday, first republic customers turning up at their bank are in fact customers ofjp morgan chase. the signs above will soon change. first republic had been under pressure since the collapse of silicon valley bank and signature bank two months earlier. last week, first republic revealed deposited had removed $100 million in the space of a few months. customers feared their money was not safe. investors became convinced that it too was about to fail. riding to the rescue of america s distressed financial system, the boss of america s biggest bank, jam ....

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BBCNEWS Asia July 6, 2024

it signals concern about the health of the sector, following the collapse of first republic and its acquisition byjp morgan chase. the wall street giant said it would pay $10.6 billion dollars to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. so just how vulnerable is it? let s ask the chief global investment officer of oreana financial, isaac poole. i think there is a real risk of that. this is probably not the end of bank failures. we are seeing these problems in the smaller, regional, medium sized banks, really exposed to higher interest rates. we are going to see another interest hike from the fed which might add extra pressure ....

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