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BBCNEWS World Business Report July 7, 2024

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 declining until the middle of 202a. the pound slumped on the news to its lowest in more than two weeks. here s our economics editor faisal islam. the end of a decade and a half of ultralow interest rates was always going to be difficult, but dealing in mortgages has in recent weeks felt more like the stock market than the housing market. , , stock market than the housing market. , , . ., , ....

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BBCNEWS Breakfast July 7, 2024

or paying for our utility hills which which have doubled. how scotland bounced back after the disappointment of missing out on a world cup play off spot with eyes on euro qualification. and will it be glasgow or liverpool receiving douze points as they become the final two cities in the running to host eurovision 2023? good morning. another day of sunshine and showers but the less frequent and widespread than yesterday. the other thing is the wind will not be as strong so it won t feel as cool as it did yesterday. all the details later in the programme. it s wednesday the 28th september. our main story. the international monetary fund which is responsible for stabilising the global economy has criticised the government s plans for tax cuts, warning the measures will increase inequality . it follows the chancellor s mini budget last week, which saw the value of the pound slump to an all time low. now, some of the country s biggest lenders have suspended mortgage d ....

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BBCNEWS The Papers July 7, 2024

when graham was opening that envelope, i was like, oh, my goodness, please, please! oh, i m ecstatic, it s marvellous! of course, this eurovision should be taking place in ukraine, and it is now for liverpool to prove that while it can t take place in ukraine, this is going to be a eurovision for ukraine. liverpool s already had the endorsement of its twin city, odesa, and this year s winner, the kalush orchestra have offered their congratulations to a city that wants eurovision to be a citywide party and a celebration of music and peace. wejust had a real moment, haven t we, in this city, where we ve won eurovision? and it feels like the whole city kind ofjumped in the air at exactly the same time tonight. and now we ve got seven months to deliver something that will be truly astonishing, incredible for ukraine, our sister city odesa, but also incredible for the whole uk, so we are delighted. but tonight liverpool, it will be absolutely buzzing, it will be incredible ....

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BBCNEWS BBC News July 7, 2024

over, obviously covid. absolutely. covid is not over, obviously it s covid. absolutely. covid is not over, obviously it s not - covid. absolutely. covid is not over, obviously it s not an - covid. absolutely. covid is not i over, obviously it s not an urgent issue over, obviously it s not an urgent issue of over, obviously it s not an urgent issue of the over, obviously it s not an urgent issue of the moment in terms of it being issue of the moment in terms of it being part issue of the moment in terms of it being part of the news agenda, it hasn t being part of the news agenda, it hasn t for being part of the news agenda, it hasn t for a being part of the news agenda, it hasn t for a while now because there s hasn t for a while now because there s been so much other news dominating, and people have been talking dominating, and people have been talking about covid for a while but i don t talking about covid for a while but i don t know about both ....

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BBCNEWS BBC News July 7, 2024

contest. president biden s warning that any use of nuclear weapons would lead to armageddon. he s urged russians to stand up against the war. it comes as ukrainian troops continue making steady progress in reclaiming land occupied by russian forces in the east and south of the country. our world affairs editor john simpson has been speaking to president zelensky in kyiv. they begin to prepare their society. that is very dangerous. they are not ready to do it, to use it, but they begin to communicate. what, you mean prepare society for using a nuclear weapon, you think? you know, it s. .. they don t know if they will use or they will not use. i think that it s dangerous even to speak about it. i said, you have to do preventive kicks, not attacks, we are not terrorists, and we don t fight on another territory. even our attitude from our society, attitude to to russians after this invasion, after all these eight years war, eight years blood tragedy, even after this, attitu ....

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