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BBCNEWS World Business Report June 4, 2024 04:31:00

The economy is coping with the cost of living crisis when we get first quarter gdp figures in just over an hour s time. it s expected to have continued growing by 0.2% in the first three months of the year. hardly booming, but a far cry from the record breaking recession that the bank of england was predicting six months ago. on thursday, the bank announced a major rethink of its forecasts, saying the uk will now avoid going into recession. but it warned that the battle to get soaring prices under control is taking much longer than expected. the bank also raised its main interest rate again by 0.25%, to 4.5%. that s the 12th rate rise in a row, and it puts the cost of borrowing here in the uk at a 15 year high. the bank is trying to take spending power out of the economy to stop prices rising so fast. inflation is currently running at over 10% a year. ....

0 2 , Turkish Central Bank , Bank Of England , On Thursday , Far Cry , Interest Rate , 0 25 , 4 5 ,

BBCNEWS World Business Report June 4, 2024 10:31:00

I ll try to give you a fascinating snapshot of all the world of business and money. let s start here in the uk, where the economy in the first three months of this year recorded growth ofjust 0.1%. output in consumer facing services fell by 0.8% in march underscoring the impact of ongoing strikes and the cost of living crisis. hardly booming but a far cry from the record breaking recession that the bank of england was predicting six months ago. on thursday, the bank announced a major rethink of its forecasts saying the uk will now avoid going into recession. of course, talking about interest rates. the bank also raised its main interest rate again by a quarter of a percent to 4.5%. that s the 12th rate rise in a row and it puts the cost of borrowing here in the uk at a 15 year high. here s dr steve nolan, senior lecturer in economics at ....

0 1 , Bank Of England , Far Cry , On Thursday , 0 8 , Interest Rates , Steve Nolan , Interest Rate , 4 5 ,

BBCNEWS World Business Report June 4, 2024 13:31:00

Fascinating snapshot of business. we will start with the economy, where it recorded a growth of 0.01%. they fell by 0.8%, underscoring the impact of the ongoing strikes on the cost of living crisis. hardly booming, but a far cry from the record breaking recession that the bank of england was protecting six months ago. on thursday, they announce a major rethink of its forecast, said the uk will avoid going into recession. the bank also raised its main interest rate again by .25%, but is why it sets. it is the 12th right in a row and puts the cost of borrowing at around a 15 year high. areal cost of borrowing at around a 15 year high. area i spoke to stephen nolan, a lecturer at liverpool in economics, and asked him why the uk is lagging behind the other common ....

0 8 , 20 01 , On Thursday , Bank Of England , Far Cry , Interest Rate , Stephen Nolan , Pat Liverpool ,

Why the glass-half-empty view of China's economic recovery needs a rethink

China’s domestic consumption-led recovery means that the spillover effects on the rest of the world are less pronounced. The bleak US outlook has put China’s performance under close scrutiny, and Western business expectations are running ahead of reality. ....

Hongya Cave , May Day , China Economy , China Economic Recovery , Golden Week , Revenge Spending , S Debt Ceiling , Domestic Consumption , United States ,

CNN CNN Tonight June 4, 2024 02:56:00

Airlines is already being quasi-public governmental agencies anyways because the heavy regulations there under. and i do think passengers are fundamentally disrespected, and they re their constitutional rights violated the man they walk into an airport to the minute they walk out. so, i think we need a complete and total overhaul. i think this rule could be part of it. i think a rethink of the whole tsa experience. i think from soup to nuts we have so royally screwed up air travel and united states, that some smart person in the next administration could sit down and say, how do we respect passengers, respect the constitution, just get people where the heck they need to go. and you don t get soup or not on airlines anymore. thank you guys both very much. this is what you get on cnn tonight, a complete switching. you never know what to expect. that was great. on make sure you get ron paul s number. thank you. all right, thank you guys. coming up, some of our favorite reporters a ....

U S , Air Travel , Let S Talk , Coming Up , Ron Paul ,