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Transcripts For BBCNEWS World Business Report 20240707

so let s get down to business. and we begin with president biden s trip to the middle east. when he arrives in israel today he will be the first us president to visit the middle east since 9/11 without american troops engaged in a combat mission there. the white house has said the visit s aims include expanding regional economic and security cooperation . israel s finance minister says its hoped the visit will lead to a common middle east market that includes saudi arabia. with businesses on all sides poised to make the most of the opportunities. well, let s go live tojerusalem and discuss this withjon medved chief executive and founder of our crowd a global equity funding platform for investors. orwarm or warm welcome to the programme. what are your hopes for this visit? i programme. what are your hopes for this visit? for this visit? i think it is incredible for this visit? i think it is incredible that for this visit? i think it is incredible that the - for this

Transcripts For BBCNEWS World Business Report 20240707

we start in the uk where already this week deals have been done to increase pay for workers at british airways, aldi and uber. aldi is raising the pay of thousands of distribution centre staff by 9% as competition for workers climbs post pandemic with more and more of us ordering our groceries online. british airways check in staff have agreed to a pay settlement that their union says amounts to a 13% pay rise, and uber agreed to raise fares in the uk to boost earnings for its drivers. the rising cost of living and forecasts for soaring winter energy bills, along with a severe labour shortage in some industries is a recipe for higher pay, something the bank of england warned against as it could hamper its fight against inflation. the latest unemployment figures for the uk are out in a few hours time. kate shoesmith is deputy chief executive of the recruitment and employment confederation. good morning. the employment numbers coming out forward june, what will they tell us? w

Transcripts For BBCNEWS World Business Report 20240707

we begin with more on twitter and the latest security concerns. as you ve been hearing, the company s former head of security alleges the social media giant has hidden negligent security practices, misled federal regulators about its safety, and failed to properly estimate the number of bots on its platform. twitter has denied the allegations saying they contain many inaccuracies and inconsistencies, but the revelations could have huge consequences for twitter, including possible fines and the potential unravelling of elon musk s bid to buy the company. joseph menn, from the washington post, was one of the reporters who broke the story. he explained what motivated peiter zatco to file this whistleblower complaint. peiter zatco is an unusual person, one of the most famous actors in america and has pioneered and co ordinated disclosure where security researchers find flaws in programmes and work with the vendors to establish fixes for the problems before going public. he led cy

Transcripts For BBCNEWS World Business Report 20240707

european union leaders have agreed a compromise plan to block more than two thirds of russian oil imports. european council chief charles michel said the deal cut off a huge source of financing for the russian war machine. he added that it put maximum pressure on russia to end the war . european commission president ursula von der leyen praised the deal. i m very glad that the leaders were able to agree in principle on the sanctions package. this is very important, thanks to this council should now be able to finalise a ban on almost 90% of all russian oil imports by the end of the year. joining me now is janet mui, investment director, brewin dolphin. yesterday the oil price was up around $120 a barrel. what will this do to relieve the pressure on the oil price? this will incrementally support the oil prices, of course we also have the story that china is reopening shanghai so that will also put pressures on oil price. i think so far the supply from russia will be diverte

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