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Transcripts For BBCNEWS BBC News 20240707

the leaders of china s ruling communist party gather for a summit in which ruler xijinping is expected to secure a historic third term in office. communities in three australian states are ordered to evacuate as torrential rain brings major flooding. and the flying scotsman the first steam engine to hit 100 miles an hour celebrates a century on the tracks. hello and welcome if you re watching in the uk or around the world. britain s chancellor, kwasi kwarteng, has cut short his visit to the us, to hold urgent talks with the prime minister, as pressure mounts on the government over its mini budget. mr kwarteng had been in washington for a meeting of global finance ministers. he d originally been expected to return back to london on saturday. speaking to the bbc yesterday before the change of plans, mr kwarteng said he believes 100% that he will still be a chancellor and liz truss will still be prime minister in a month s time. later today, the chancellor and prime

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Transcripts For BBCNEWS BBC 20240703

For territorial gain. But theres no reference to russian aggression. It reads, in part, quote we highlighted the Human Suffering and negative added impacts of the war in ukraine with regard to global food and energy security, supply chains, Macro Financial stability, inflation and growth. The text from last years summit reads, in part the 620 deplores in the strongest terms the aggression by the Russian Federation against ukraine and demands its complete and unconditional withdrawal from the territory of ukraine. We should note two key leaders were missing russian president Vladimir Putin and his key ally, chinese president xijinping. Disagreements over language on ukraine threatened to overshadow the 620 this year, as south asia correspondent Yogita Limaye explains. During the 620 summit in bali last year, member countries took a very long time to agree on the wording regarding the war in ukraine, so that was expected this time around as well. In fact, there were worries about whether

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Transcripts For BBCNEWS BBC 20240703

President Vladimir Putin and chinese president xi jinping highlights the rising tensions over russia and its war in ukraine at this years gathering. Both leaders sent their Foreign Ministers in their place. It marks first time xi has skipped the gathering. The event will highlight india Prime Minister Narendra Modis attempt as host to promote the country as a major global power and himself as dominant world leader ahead of a crucial election next year. Were looking at why the 620 gathering is so important, and how the decisions made in delhi this weekend can impact you and the rest of the world. But first, what is the 620 . The group of 20 is a block of the worlds 20 largest the group of 20 is a bloc of the worlds 20 largest economies that was formed two years after the 1997 Asian Financial crisis in response to thailand devaluing its currency and the resulting deep recession in much of east asia. Originally, the 620 was a forum for the Finance Ministers and Central Bank Governors to d

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Transcripts For BBCNEWS BBC 20240703

And heres president Tayyip Erdogan of turkey arriving just a short time ago. But the absence of both russian president Vladimir Putin and chinese president xi jinping highlights the rising tensions over russia and its war in ukraine at this years gathering. Both leaders sent their Foreign Ministers in their place. Its the first time xi has missed the gathering. The event will highlight india Prime Minister Narendra Modis attempt as host to promote the country as a major global power, and himself as dominant world leader ahead of a crucial election next year. Were looking at why the 620 gathering is so important and how the decisions made in delhi this weekend can impact you and the rest of the world. But first, what is the 620 . The group of 20 is a bloc of the worlds 20 largest economies that was formed two years after the 1997 Asian Financial crisis in response to thailand devaluing its currency and the resulting deep recession in much of east asia. Originally, the 620 was a forum fo

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Transcripts For BBCNEWS BBC 20240703

kilometres or 44 miles south west of marrakech in the remote and sparsely populated high atlas mountains. it was so strong it was felt as far away as the capital city rabat. residents in marrakesh have told the reuters news agency that the earthquake toppled buildings in the old city a unesco world heritage site. state tv footage shows brick and concrete rubble lying in the street, and crushing cars. unverified videos on social media shows people running out of buildings and walking through clouds of dust. these are images from morocco. the us geological survey says the quake hit at a relatively shallow depth of 18.5 kilometers that s about 11 and a half miles deep. people have reportedly remained on the streets fearing major aftershocks. some additional minor quakes have been reported and shaking was also felt in the coastal cities of casablanca and essaouira. do our main story now. leaders from many of the world s largest economies are gathering in india for the 620

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