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BBCNEWS World Business Report July 7, 2024

stock market debut. but is it the right time? as you ve been hearing, the uk government says it s sticking to plans for £45 billion of tax cuts despite turmoil on financial markets since the chancellor s mini budget statement on friday. it s seen investors dumping the pound and uk government borrowing costs soaring on growing alarm about the country s finances. on wednesday the bank of england was forced into an emergency intervention to head off a pension fund crisis. it will spend billions buying up uk government bonds to prop up their value and keep borrowing costs down. but as our economics editor faisal islam explains, it s only a short term solution. what started as an attempt to grow the economy with the biggest tax cuts in half a century led to havoc on currency markets more importantly on debt markets and then, within days, led to a tidal wave of interest rate rises, reaching every corner of the economy. in an emergency statement, the bank of england said. ....

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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell July 7, 2024

and they ll have to be rebuilt. unfortunately, there are also homes and businesses that will simply not be able to safely take the power once it s ready. but the 20,000 plus men and women who are already here are staging and getting on the field currently. they will work 24/7 until we get the lights back on. again, as the governor said, not our first rodeo, but every storm is also different and always poses different challenges. but appreciate all the support from the state. governor, thank you. from local law enforcement as well, national guard. this is a team sport and a team effort, and we re going to all work together until we get florida back up on her feet and where we all want her to be. thank you. when fdl and the other companies have crews in, the extent to which that infrastructure has remained is just critical because, you know, it s a lot easier for them to reconnect an existing system than to have to rebuild it. to see that was able to withstand is encour ....

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BBCNEWS BBC News July 7, 2024

term in office at the communist party congress. and the husband and wife team behind one of the most successful covid vaccines believe the same technology could help transform cancer treatment. we begin in iran where a large fire has been blazing at evin prison in the capital, tehran. hundreds of political prisoners and dozens of dual nationals are held in the prison, as well as many protesters arrested during the past four weeks of riots around the country. in a tweet the us state department says: gunshots officials say that seven people have been injured, and that the situation is now under control. but recent videos posted online show the fire still burning, and gunfire and sirens can be heard. we can now speak to jared genser, who s a lawyer representing siamak namazi an iranian american, whose family said he was taken back into custody to the prison, this week after a temporary release. thank you for talking to us. have you had any contact with your client? your ....

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BBCNEWS The Travel Show July 7, 2024

off in beijing shortly. in a break in decades long tradition, delegates are likely to hand mr xi a third term as party chief. and those are your latest headlines. jeremy hunt said there was a clear focus jeremy hunt said there was a clearfocus on mines jeremy hunt said there was a clear focus on mines of stability. mr bailey warned of high interest rates ahead more than previously expected. business corresponded marc ashdown has analysis. smiles and a new political phrase, trussonomics, liz truss s high growth, low wage tax economy. three weeks later, new chancellor has buried it. had ou chancellor has buried it. had you been chancellor has buried it. had you been given chancellor has buried it. had you been given a chancellor has buried it. had you been given a clean - chancellor has buried it. herc you been given a clean slate, could you change elements of the mini budget? the mini budget? yes. the fundamental the mini budget? yes. the fundamental thing - the ....

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BBCNEWS TikTok Begging July 7, 2024

it paves the way for him to become the most powerful leader since mao zedong. and those are your latest headlines. the governor of the bank of england, andrew bailey, has spoken to the new chancellor, jeremy hunt, and says there was a clear meeting of minds on the importance of stability. now mr bailey has also warned of the possibility of higher interest rates ahead, more than previously expected. our business correspondent, marc ashdown, has this analysis. all smiles launching the mini budget at the end of september. and with it a new political phrase trussonomics, describing liz truss s vision for a high growth, high wage, low tax economy. but just three weeks later, her new chancellor has buried it. have you been given a clean slate? can you change elements of the mini budget if you want to? yes. and the fundamental thing the prime minister wants me to do and i need to do is to be completely honest with the country. trussonomics reversed, then. tax cuts likely r ....

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