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Transcripts For BBCNEWS World 20240703

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The last time in early 2019 saw a month of widespread disruption to the Worlds Largest economy. Erin delmore reports from new york the clock is ticking on capitol hill. The democrat led senate and the republican led house will need to agree on a deal to fund the federal government past september 30th. Right now, the senate has bipartisan support on a stopgap bill that would extend funding until november 17th. But House Republicans have rejected it. Theyre fighting over Government Spending levels with hard line conservatives calling for deeper cuts and tying any Government Funding Bill to the ongoing issue of immigration and security at the us� s southern border. House speaker Kevin Mccarthy has a handful of holdouts in his Republican Caucus who have said theyll oppose any short term funding bill. Several are threatening to oust mccarthy from his post if he doesnt meet their demands. Any shutdown would impact hundreds of thousands of federal workers, many of whom would be out of work without pay. And relatedly, americans who rely on federal assistance would see Services Slow or stop. That means nutrition benefits lapsed, civil trials postponed, museums closed, inspections for hazardous Drinking Water stopped, Clinical Trials for new medical treatments delayed. The Us Government has shut down at least partially three times in the past decade and credit agencies have taken notice with some downgrading the us� s Credit Rating already. Well late on thursday night, the republican held House Of Representatives passed a series of partisan Funding Bills including one for the Department Of Defense which removes funding for ukraine. These have little or no chance of getting past the democrat held senate. So a shutdown is looking increasingly likely. Robert reich is a former Labour Secretary under president bill clinton and now professor of economics at berkeley, university of california. He explained what impact the last Government Shutdown in 2018 2019 had on the economy. It cost american taxpayers, and the american economy, anywhere from 11 15 billion, and it put a lot of people out of work temporarily. Paycheques were not delivered, even to members of the armed forces. It disrupted a lot of peoples lives when these things happen. I have personally been involved in two shutdowns over the last 30 years. There is a great deal of Human Suffering that is unnecessary. It is embarrassing when these things happen. It is embarrassing to talk to you all in the uk about it, because this is not the way to run a government. The rate at which prices are rising in the eurozone has dropped to an almost two year low. The rate of inflation for september in the 20 nation single Currency Bloc Rose by an annual rate of 4. 3 , according to the latest eurostat data, thats down from 5. 2 last month and the lowest rate since october 2021. Lets cross live now to agnese 0rtonali, europe analyst at the Economist Intelligence unit. Good to see you. Lets start with this simply, what is behind this recent fall in inflation . This simply, what is behind this recent fall in inflation . Well, the main reasons recent fall in inflation . Well, the main reasons why recent fall in inflation . Well, the main reasons why inflation recent fall in inflation . Well, the main reasons why inflation has i main reasons why inflation has fallen so sharply is because of negative energy inflation, but also lower prices for food and services as well, and if you look at the Core Component which excludes energy and food prices, the trend for Core Inflation is also down, which also indicates the Economic Activity in the euro is slowing. figs indicates the Economic Activity in the euro is slowing. Indicates the Economic Activity in the euro is slowing. As you mention, ener the euro is slowing. As you mention, Energy Playing the euro is slowing. As you mention, Energy Playing a the euro is slowing. As you mention, Energy Playing a big the euro is slowing. As you mention, Energy Playing a big role, the euro is slowing. As you mention, Energy Playing a big role, but the euro is slowing. As you mention, Energy Playing a big role, but does i Energy Playing a big role, but does it also suggests the actions taken ljy it also suggests the actions taken by the European Central bank have worked . ~ ,. , , worked . Well, yes. That september data is good worked . Well, yes. That september data is good news worked . Well, yes. That september data is good news for worked . Well, yes. That september data is good news for the worked . Well, yes. That september data is good news for the ecb worked . Well, yes. That september data is good news for the ecb is worked . Well, yes. That september data is good news for the ecb is in l data is good news for the ecb is in a way it confirms that the Bank Assessment that the current level of Interest Rates should be enough for inflation to go back to 2 as the target in the medium term and that is correct. At the same time, we do expect the ecb to have started its cycle but the risks of further hikes later in december or early next year still remain and this would be especially true if we see inflation picking up again in the last month of the year which is of course a risk given what we have seen in terms of the recent spike in oil prices nominal growth in wages in the region. Prices nominal growth in wages in the reuion. ,. , prices nominal growth in wages in the region prices nominal growth in wages in the reuion. ,. ,. , the region. Short and sweet, we will leave it there. The region. Short and sweet, we will leave it there. Have the region. Short and sweet, we will leave it there. Have a the region. Short and sweet, we will leave it there. Have a lovely leave it there. Have a lovely weekend. Lets talk now about the rise of Artificial Intelligence because there are indications that it is supercharging possibilities for scammers and fraudsters. In the United States alone, official figures show a 30 rise in fraud last year. The most common type is so called Imposter Fraud people pretending to be someone theyre not. One of the most dramatic cases happened earlier this year to arizona mum, Jennifer Destefano who received a call which sounded like her 15 year old daughter, briana. Heres what she told a Us Senate Hearing about what happened when she answered the phone. It was Briana Sobbing and crying, saying, mom. At first i thought nothing of it and casually asked her what happened. Briana continued with, mom, i messed up, crying and sobbing continually. Not thinking twice, i asked her again, 0k, what happened . Suddenly, a mans voice barked at her. Lay down, put your head back. At that moment, i started to panic. My concern escalated as i demanded to know what was going on, but nothing could have prepared me for her response that she gave me next. Mommy, bad men have me. Help me. Help me she begged and pleaded as the phone was taken from her. A threatening and vulgar man took the call over. Listen here, i have your daughter. You call anybody, you call the police. Im going to pop her stomach so full of drugs. Im going to have my way with her. Im going to drop her in mexico and youll never see your daughter again. They required me to get in a van with a bag over my head with 50,000 in cash to be transported to my daughter. If i didnt have all the money, then we were both going to be dead. I was shocked at that point in time. The second mom came back to me and she had located my husband who had found bree resting safely in bed. I called the police to pursue the matter and unfortunately i was met with it was a prank call, that it happens often, and that theres nothing that can be done. So i turned to the community and the responses were overwhelming. Friends and neighbours came out of the woodwork with their stories, kidnapping, phone calls coming from their childrens phones, bags of money being driven halfway to mexico. Even voices of Young Children nowhere to be found on social media who do not have phones. The stories kept pouring in. You can find out what we can do to protect ourselves from ai generated fraud this weekend on talking Business Weekly with Aaron Heslehurst here on bbc news. In other news. The uk economy has bounced back from the covid 19 pandemic much faster than previously estimated, according to new official figures that show britain is no longer the worst performer in the g7. In the three months tojune, Gross Domestic Product was 1. 8 per cent above its pre pandemic level in the final three months of 2019. Epic games has become the latest company in the tech sector to lay off workers. The maker of the Video Game Fortnite is cutting 870 jobs. Thats around 16 of its workforce. In a memo to staff, epic said it had tried to cut costs but was still spending more money than it can earn. Fast food workers in california will earn a minimum of 20 an hour and have a greater say in setting workplace standards. Thats after a new bill was signed into law on thursday. In addition to the higher wages, the law also establishes a Fast Food Council including representatives for both workers and employers that can approve further pay increases and set standards for working conditions now lets take a trip to jamaica. The Caribbean Island is experiencing a bit of a tourism boom, it welcomed over two million visitors between january and june this year, resulting in Record Earnings of us 2 billion an 18 increase compared to earnings during the same period in 2019. But, as the world gears up for cop 28, how does tourism sit within cop28� s broader agenda, and is Climate Change a threat to tourism in places like jamaica . Im joined now by the honourable minister edmund bartlett, jamaicas Minister Of Tourism and founder of the Global Tourism resilience and Crisis Management centre. Hes in london at the moment. Good to see you. You did have a Record Number of visitors to the island. Just briefly, do you feel the trend will continue . Yes island. Just briefly, do you feel the trend will continue . The trend will continue . Yes of course it is the trend will continue . Yes of course it is continued course it is continued continuing. We are over the 3 million mark and have earned a little over 3 billion injamaica already and the trend is to end the year at 11. 2 billion us dollars which will be a record for us in all the years of tourism and to be a shade under 4 million visitors, so it is happening on the recovery has been strong and jamaica has had nine consecutive quarters of economic growth, driven hugely by Tourism Outcomes and we expect to continue the trend as we move forward. Your Beautiful Island the trend as we move forward. Your Beautiful Island is the trend as we move forward. Your Beautiful Island is in the trend as we move forward. Your Beautiful Island is in the the trend as we move forward. Your Beautiful Island is in the Caribbean Islands, which is like my part of the woods, the pacific islands, which are under threat of rising sea water and Climate Change and this is a tricky balancing act you have got and you want more people to come to jamaica so how do you balance the sustainability . This jamaica so how do you balance the sustainability . Jamaica so how do you balance the sustainability . As we know climate chan. E is sustainability . As we know Climate Change is the sustainability . As we know Climate Change is the Big Sustainability . As we know Climate Change is the big Elephant Sustainability . As we know Climate Change is the Big Elephant In sustainability . As we know Climate Change is the Big Elephant In the l change is the Big Elephant In the room. But tourism is an activity driven by Environmental Concerns and issues. There is no product but the environment, so the experiences of tourism that are driven by small or Medium Enterprises in particular are all hugely connected with pristine management of our environment. Climate change if we continue unabated, as it is going, that will definitely eviscerate tourisms chances of being the agent prosperity for a number of countries including us in the caribbean who are the most tourism dependent regional planet earth, so what it calls for is a call for us to build resilience and build capacity and to respond to these disruptions. Edmund bartlett, i respond to these disruptions. Edmund bartlett. I will respond to these disruptions. Edmund bartlett, i will have respond to these disruptions. Edmund bartlett, i will have to respond to these disruptions. Edmund bartlett, i will have to wrap respond to these disruptions. Edmund bartlett, i will have to wrap it respond to these disruptions. Edmund bartlett, i will have to wrap it up bartlett, i will have to wrap it up there and we will talk to you very soon. I do apologise, live television. See you soon. Goodbye. Welcome back with me. Lets continue with some news thats just coming in to us. Alder hey Childrens Hospital in liverpool has declared a Major Incident after a school coach has overturned on a motorway with one person taken to hospital and 50 others being treated at the scene. The coach was travelling to two different schools when it overturned on the m53 this morning, according to a local councillor. In a statement alder hey Childrens Hospital says 0ur Emergency Department is currently extremely busy and we would also ask parents to only bring their children to the department if it is urgent. 0ur Emergency Department is currently extremely busy and we would also ask parents to only bring their children to the department if it is urgent. They said there was a Road Traffic Incident on the m 53 at around 830 this morning on the trust dispatched a large number of resources and the Hazardous Response Team are on site. We understand 50 people have been assessed at the scene colder Grange Grammar School in west kirby Grammar School have it was their bus that was involved. So that coming out an old hay Childrens Hospital have declared an emergency. Hello from the bbc sport centre. It has been a perfect start to the ryder cup for team europe. They lead the United States by 4 0 after a whitewash in the morning foursomes in rome. All four european pairings won their matches, including rory mcilroy and tommy fleetwood. Mcilroy will now regroup for the fourballs this afternoon, which are getting under way now. 0ur Reporterjoe Lynskeyjoins us. Europe could not have asked for much more, perfect morning. Yes. Europe could not have asked for much more, perfect morning. More, perfect morning. Yes, eight euroean more, perfect morning. Yes, Eight European european more, perfect morning. Yes, Eight European european players more, perfect morning. Yes, Eight European european players went i more, perfect morning. Yes, eight i european european players went out this morning and eight of them have delivered a comprehensive morning for the home side in rome. The foursomes is effectively alternate shots and from the moment the european pairings forge their way in front in the early holes there was little jeopardy for them. The first points of the day coming from thai rell hansen and jon rahm beating the american pair including the world number one, scottie scheffler. Viktor hovland and ludwick all about

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