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BBCNEWS World Business Report July 6, 2024

hello and welcome. president macron s government is set to announce a major reform in france s pension system later today in a move that could prove very unpopular with the majority of its people. when the proposals were first mooted before the pandemic, large nationwide strikes paralysed the country and hundreds of thousands of workers took to the streets to protest. france has one of the lowest retirement ages in the world, and at 14% of economic output, its pension system also costs more than most other countries. under the proposals being announced later, the current system for calculating pensions and the retirement age of 62, will be changed. joining me now is tomasz michalski, economics professor at hec paris. welcome and thank you for being with us. how important is it for president macron to get these proposals past? it is for president macron to get these proposals past? it is a very important these proposals past? it is a very important thing - these proposals pa ....

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BBCNEWS BBC News July 6, 2024

welcome to our viewers on pbs in america and around the globe. tens of thousands of brazilians have taken to the streets in support of democratic values a rejection of the violent storming of the country s congress on sunday. some of the crowds have been chanting for former president jair bolsonaro to be sent to prison it was his supporters that led the riots, claiming his election defeat was a fix. our south america correspondent katy watson s been at one of the pro democracy demos in sao paulo. this demonstration is just one of many that have been called in response to the events of sunday. people here are showing that they are not going to take what they saw in brasilia, the invasion of congress, the supreme federal court, and the presidential palace. people are calling for punishment of those responsible. they are waving placards saying without amnesty for the coup mongerers. i spoke to one person who said this is not about not agreeing, it is allowing people to ....

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BBCNEWS World Business Report July 7, 2024

Another day and another announcement is expected from the chancellor, this time about the timing of his Medium Term Plan for the economy. As Kwasi Kwarteng says, he is listening and the much awaited detail on his radical measures to boost Economic Growth will now come sooner, possibly this month. The government had previously insisted the fiscal plan would still be published on November The 23rd despite the market chaos that came with the announcement of the chancellors mini budget. On monday, he revealed a plan to drop the uks highest rate of tax for top earners would no longer go ahead and addressing his party conference, he acknowledged shortcomings in the initial presentation of his economic plans. Ifi if i can be frank, i know the plan put forward only te ....

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CNN Inside Politics With Abby Phillip July 7, 2024

Out of office, including campaigning with democrats. Youre live in the cnn newsroom. Hello, everyone. Thank you for joining us. Im fredricka whitfield. Welcome to a new 11 00 a. M. Eastern hour here on this sunday of the newsroom. Florida under a State Of Emergency this hour, as Tropical Storm ian gains strength. Ian is expected to become a hurricane today, and may peak as a category 4 storm before weakening and making a direct hit on florida as early as wednesday. Were expecting an update from Governor Ron Desantis minutes from now. Our reporter is in the weather center. Cnns Priscilla Alvarez is traveling with the president in wilmington, delaware, who announced a federal energy for the state. So lets begin with you, alison. You just got an update if ....

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BBCNEWS The Context with Christian Fraser July 6, 2024

and the independent trade economist rebecca harding. we start here in the uk where the economy is expected to do worse than every other major advanced country this year, including russia which has been hit by a barrage of economic sanctions from the west. that s according to the international monetary fund, the imf. it said the uk economy will shrink by 0.6% in 2023, rather than grow slightly as previously predicted. here s what they ve had to say. we have a very challenging environment in the united kingdom. we have a large terms of charts meaning that an energy crisis is very strong and in a country where there is a high dependence on liquid natural gas in the high pass through of the wholesale price to the retail price and this is heading towards the cost of living crisis and we have an environment as a response to this high inflation, there was a tightening of monetary policy by the bank of england and in the uk, this fits quickly into mortgages because a lot of m ....

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