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BBCNEWS BBC World News July 7, 2024

by huge increases in borrowing. cubans give their verdict on legalising same sex marriage and whether gay couples can adopt in a landmark referendum that s divided the nation. as hundreds of russians flee the country to avoid president putin s partial military mobilisation, we go live to moscow to speak to nikita khrushchev s granddaughter about the conflict in ukraine. and nasa prepares to crash a probe into an asteroid to see how difficult it would be to stop a space rock from hitting earth. hello and welcome. giorgia meloni, who s set to become italy s first female prime minister, has called for unity and promised to govern for all italians. projected results in the general election show victory for a coalition led by ms meloni s far right party, brothers of italy. the democratic party have already conceded, and in herfirst speech after her triumph, she said the voters had indicated their desire for a centre right government. leigh milner reports. it s a historic m ....

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BBCNEWS World Business Report July 7, 2024

we start with the latest market action and as the trading day began in asia the pound started to slide down nearly 5% at one point against the us dollar that s on top of the 3.6% dive on friday. investors are running for the exits as fears mount the new government s shock and awe tax plans for the uk economy are too big a gamble. on friday the chancellor, kwasi kwarteng, announced historic tax cuts, and the biggest increase in borrowing since 1972 to pay for them. there is now calls for the bank of england to take emergency action to calm rattled markets and bolster sterling. so let s look at how the pound is trading now. it has been hovering around just over $1.05 but one hour ago we were looking at the pound buying $1.03 so it has recovered a tiny bit but not much and you can see that the markets in asia are fairly mixed and we have the price of oil edging lower as well. joining me now is simon french, chief economist at panmure gordon. is at panmure gordon. thi ....

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BBCNEWS BBC News July 7, 2024

it puts her in line to be the country s first female prime minister. iii country s first female prime minister. ., country s first female prime minister- country s first female prime minister. . ., ., minister. if we are called to govern this nation. minister. if we are called to govern this nation, we minister. if we are called to govern this nation, we will minister. if we are called to govern this nation, we will do minister. if we are called to govern this nation, we will do it minister. if we are called to govern this nation, we will do it for - minister. if we are called to govern this nation, we will do it for all - this nation, we will do it for all italians with a clear objective of uniting the people, of underline what unites it, rather than what divides it. and, nasa prepares to crash a probe into an asteroid to see how to stop a space rock from hitting earth. coming up later this hour how king charles helped save british farmhouse cheese. the val ....

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BBCNEWS Breakfast July 7, 2024

hi, dodd. not seen you for a while. how have you been, you big giraffe? sally laughs. good morning. with one game to go before the world cup begins, how gareth southgate s future s the spotlight, a year after leading england to the euros final. good morning. we ve currently got some rain in the south east which will clear away and for all of us we are looking at a day of sunshine and showers and a noticeable wind too, and feeling chilly in that wind. i will have all the details about this mornings programme. good morning, everybody. it s monday 26th september. our main story. the pound has fallen to its lowest level against the us dollarfor 50 years. the record slump came after the government unveiled tax cuts funded by huge increases in borrowing. let s talk more to nina about this. how did this all start? a drop to around $1 how did this all start? a drop to around s1that s how did this all start? a drop to around $1 that s the how did this all start? a drop to ar ....

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BBCNEWS BBC News July 7, 2024

u turn this afternoon, possibly abandoning plans for lower corporation tax. she s due to hold a news conference in about half an hour. kwasi kwarteng has confirmed his being sacked in a letter to the prime minister which begins by saying he had asked him to set aside and that he had accepted amongst the other quotes in a letter saying that the situation he faces is incredibly difficult with raising global interest rates and energy prices and following the status quo was not an option. his letter continues, the economic environment has changed rapidly since we set out the growth plan on the 23rd of september together with the bank of england we have responded to those events and it concludes that it is important now, as we move forward to emphasise the government commitment to fiscal discipline. the medium term financial fiscal plan is crucial to this end. let s go live to our political correspondent leila nathoo who s at downing street. kwasi kwarteng has gone as chancellor a ....

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