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Transcripts For BBCNEWS World 20240706

the economy is coping with the cost of living crisis when we get first quarter gdp figures in just over an hour s time. it s expected to have continued growing by 0.2% in the first three months of the year. hardly booming, but a far cry from the record breaking recession that the bank of england was predicting six months ago. on thursday, the bank announced a major rethink of its forecasts, saying the uk will now avoid going into recession. but it warned that the battle to get soaring prices under control is taking much longer than expected. the bank also raised its main interest rate again by 0.25%, to 4.5%. that s the 12th rate rise in a row, and it puts the cost of borrowing here in the uk at a 15 year high. the bank is trying to take spending power out of the economy to stop prices rising so fast. inflation is currently running at over 10% a year. that s the highest rate in a0 years, and five times the bank s target of 2%. our economics editor faisal islam reports. red gr

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Transcripts for BBCNEWS World Business Report 20240604 04:42:00

time because you never know with elon musk. let s get some reaction from susannah streeter, senior investment analyst at hargreaves lansdown in bristol in the west of england. they are reporting it as a new head of advertising linda. however it is quite a job she has got. it however it is quite a ob she has not. . ., , however it is quite a ob she hasaot. . ., , , has got. it certainly is quite a ob. has got. it certainly is quite a job- linda has got. it certainly is quite ajob. linda has has got. it certainly is quite| a job. linda has interviewed elon musk in the past on various platforms, so they clearly have a relationship, although, as you stress, that appointment has not been confirmed yet. stilljust rumours. but if she does take the reins, it is understood elon musk will still be chairman and chief technology officer so it is not like he will all of his fingers out of twitter s pies anytime soon. in fact he is very likely to stay very, very involved with the company. how

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