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BBCNEWS Breakfast July 6, 2024

sparking joy for theirfans league. arsenal beat bournemouth sparking joy for their fans and a former player. mil sparking joy for their fans and a former player- former player. all right! yes! another cloudy former player. all right! yes! another cloudy and former player. all right! yes! another cloudy and chilly - former player. all right! yes! another cloudy and chilly day former player. all right! yes! - another cloudy and chilly day today, a few more showers around as well but early next week showers will be falling as snow in some areas, it will get much colder and some ice around. joined me later for all the details. it s sunday 5th march. our main story. rail fares are going up today in their steepest increase for more than a decade, despite record poor reliability. regulated railfares are rising by 5.9% in england and wales, adding hundreds of pounds to the cost of many annual season tickets. but the government said it had made its biggest ever intervention ....

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CNN Erin Burnett OutFront July 6, 2024

downgrading the outlook for entire banking sector warning of rapid deterioration, my exclusive interview with a senior chairman and former ceo of goldman sachs is next. a russian fighter jet forces an american drone to crash into the black sea, fears growing of escalation as the battle in bakhmut intensifies further, a ukrainian soldier on the front lines is my guest the tonight. and ron desantis does a complete 180, florida governor says backing ukraine is not in america s best interest. it is the opposite of what he said when he was in congress. you will hear for yourself what the kfile found. let s go out front. good evening, i m erin burnett. out front, rapid deterioration those are the words used by the bond credit rating king moody, how they re describing the bank sector in the united states downgrading outlook from american banks to negative. warning of sharply rising deposit costs and go on to say, quote, pressures will persist and be exacerbated by more inc ....

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BBCNEWS Talking Business July 6, 2024

i m going to be discussing it with these three, there they are, matthew plosser from the new york federal reserve, liz lumley from the banker magazine, and frederic malherbe from university college london, who thinks central banks should consider more radical steps to get the banks to pass on better deals for savers. plus, the boss behind the trains of tomorrow. my interview with the global ceo of one of the world s biggest train and tram makers, on the future of transport across the world. wherever you arejoining me from around the world, once again a big hello, and warm welcome to the show. you know, across the world s most powerful countries, the cost of borrowing money has been going up. central banks, they ve been raising the interest rates to tackle inflation. and while banks have been lightning fast in passing on those rising rates to those who borrow from them, those who save with their banks, well, they ve not been seeing the same immediate reaction. if they wa ....

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BBCNEWS World Business Report July 6, 2024

mischievous asia s richest man hits back against us traders who raised doubts about his finances, wiping $10 billion off his companies share prices. and never too late to influence why brands are seeking out older people to push their products hello. we start here in the uk, where in a few hours time the government s finance chief chancellor of the exchequerjeremy hunt will announce plans to boost the economy and tackle the country s poor productivity. central to those plans, freeing the city of london s giant insurance firms from eu rules on how much cash they have to keep in reserve. they say it could release 100 billion pounds to invest in things like clean energy and infrastructure. mr hunt will also warn against an attitude of declinism amid accusations from business that post brexit uk is in danger of getting left behind in an increasingly competitive world economy. the future looks very uncertain because you have that ira, the 350 billion dollars been spe ....

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BBCNEWS World Business Report July 6, 2024

and 48 hours to come up with the next generation of video games. we ll be hearing from the man behind the global gamejam. hello there. we start here in the uk, where the bank of england has raised the cost of borrowing for the tenth time in a row. the half a percent rise puts uk interest rates at 4%, their highest level in more than 1a years. a bonus, of course, for savers, but it piles more pressure on businesses and those with mortgages, loans and credit card debt. the good news is that the bank now thinks the uk s recession will be shorter and less severe than it previously thought, and there s a hint that rates may not have to go any higher. but a recovery could take years as our economics editor faisal islam reports. the squeeze continues. an official interest rate of 4% should not feel huge, but it does, and notjust here in nuneaton, forjoanne, who runs a furniture and gift shop. the mortgage a furniture and gift shop. the mortgage on a furniture and gift sh ....

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