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BBCNEWS World Business Report July 6, 2024

let s start here in the uk, where, in a few hours time, the chancellorjeremy hunt will unveil his first budget, where he will outline the government s big decisions on spending, and plans for raising or lowering taxes. among the measures he s expected to unveil is a significant expansion of free childcare provision. it s part of a strategy to get more people back to work, given the shortage of staff in some key sectors. the chancellor is also expected to announce a rise in the tax free limit for pension contributions, to encourage people to stay in work for longer. the latest economic figures underline the challenge facing the government, as well as the pressure on household and business budgets. here s our economics editor faisal islam. it is back to work budget, that s a promise, and it was centre on one of the biggest ever expansions of childcare for england with equivalent funding for other nations. parents of one and two year olds will get the same 30 hours of sup ....

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BBCNEWS BBC News July 6, 2024

delivers independence for scotland. prince harry makes a surprise appearance at a high court hearing in london. he s among several high profile figures bringing a privacy case against the publisher of the daily mail newspaper. israel s prime minister benjamin netanyahu will delay regarding the leadership of the scottish national party but before we address those stories, just to bring you some breaking news coming out of the united states the last few minutes, we are hearing of a shooting at a school in nashville. according to everything rehearing on the news agency among others, this is an ongoing situation in the local fire department in nashville, you see the tweet in fact from the nashville fire department saying it is an ongoing situation with, as you can see regrettably there, multiple patients. as the tweet puts it. multiple victims as with some local media are saying and we don t know whether or not that s people will simply been injured or if it is worse than t ....

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BBCNEWS Newsday July 6, 2024

for energy because of the rise of renewable energy. hello and welcome to the programme. it s eight o clock in the morning here in singapore and 5pm in san francisco where the bbc s technology correspondence sat down in an unexpected interview with elon musk. the billionaire, tesla car boss and new owner of twitters in running the social media site has been painful and a rollercoaster. it s one of his first interviews since he ought twitter. it s not every day you get invited by one of the world s richest and most influential people to a sit down interview. earlier on tuesday, i d received a response to an e mailfrom mr musk let s do an interview tonight, it read. just a few short hours later, we were setting up in twitter s headquarters in san francisco. hello, how you doing? we re about to go live, very surprisingly, we onlyjust found this out, on twitter. but that is elon musk. we didn t know about that. but you never know with elon musk. when he sat down, he was ....

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BBCNEWS Newsday July 6, 2024

welcome to bbc news. our top story today: the us defense secretary says he had a rare phone call with his russian counterpart in the aftermath of a collision between a russian fighterjet and a us drone. the race is now on to recover the wreckage of the drone which is thought to be twelve hundred metres deep in the black sea. russia has also said it will try to find the wreckage. meanwhile, america s top general said the whole incident was a result of russia s increasingly aggressive behaviour in the area. us defense secretary lloyd austin gave this update earlier. as i ve said repeatedly, it s important that great powers be models of transparency and communication. and the united states will continue to fly into operate where ever international law allows. and it is incumbent upon russia to operate its military aircraft in a safe and professional manner. our diplomatic correspondent, james landale has this report from kyiv. this is the kind of unmanned aircraft that c ....

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BBCNEWS Outside Source July 6, 2024

and his supporters. we start with the troubled global banking sector. european markets have closed down more than three percent, spooked by a major sell off of shares in the swiss banking giant, credit suisse. coming days after the collapse of us based silicon valley bank, it s prompted fears of a full blown crisis in the sector. let s take a look at the damage at the close in europe today. shares in credit suisse plunged to a record low, falling 24%. that came after its biggest investor said it could not give the bank any more financial help. here in the uk, the insurer prudential tumbled 10%, and the high street bank barclays, 8%. the plunge by banking stocks left london s ftse 100 down almost 4% at its lowest level this year. it was the index s worst one day performance since the start of the covid 19 pandemic. taking a closer look at credit suisse today was the second day of sharp falls for its shares after the swiss bank yesterday disclosed that its auditor had i ....

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