BBCNEWS World Business Report June 4, 2024 05:31:00
Plus — rising prices — falling ratings. can president biden win the argument on the us economy — with just days to go until the midterm elections? and — a pressing crisis. the cost of olive oil set to soar — with harvests shrivelled by europe's summer heatwave. hello. we start here in the uk — which is now facing the longest recession since records began, a century ago. that was the bleak warning from the bank of england on thursday, as it raised interest rates to 3% — to try to dampen down soaring inflation. the bank says the uk economy is already in recession, and could keep de...