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Transcripts For BBCNEWS World 20240706

i m sally bundock and we start here in the uk where in the next few hours the latest inflation numbers will be released and its widely anticipated the news will be good with prices coming down. the bank of england says it expects inflation to fall sharply in april . this follows an upgrade from the international monetary fund for the uk economy. it says we should avoid a recession this year but the imf is warning inflation remains stubbornly high and higher interest rates will need to remain in place if it is to be brought down. so where are we at? if we look at february inflation measured as consumer prices stood at 10.4%. the soaring cost of food and energy being the key drivers. it then fell slightly to 10.1% in march. this was a surprise as a much biggerfall was predicted and rang alarms bells with concerns of sticky inflation that proves difficult to reduce. bells with concerns inflation is proving very sticky. difficult to bring down. and helps low prices with th

Transcripts For BBCNEWS World Business Report 20240706

let s start in the us, where there is growing footsteps. 0k. let s get started, shall we? the cameras do not want to play ball but i can walk back to this position. let s start in the us, where there is growing nervousness in financial markets over the possibility the us could default on its debt. a stand off in congress over plans to lift the federal debt ceiling which is currently at an eye watering $31.4 trillion has led to the cost of buying insurance against a us government default has moved to its highest level in more than a decade this month. so, later today, the republican speaker of the house kevin mccarthy will give a speech at the new york stock exchange, where he s expected to lay out the conditions republicans want democrats to agree to in exchange for movement on the debt ceiling. it sounds like a stand off. scott anderson is chief economist at bank of the west in san francisco. welcome to the programme. what will kevin mccarthy say? what is he going to p

Transcripts For BBCNEWS World Business Report 20240706

by dominion voting systems against fox news and its parent company would start on tuesday. the lawsuit alleges the broadcaster damaged the reputation of dominion by repeatedly airing lies about its vote counting machines and election fraud in the 2020 us presidential election. laurie laird is a us business journalist. why is this happening? i why is this happening? i think the fact that these why is this happening? i think the fact that these claims why is this happening? i think the fact that these claims of - why is this happening? i think the fact that these claims of a - fact that these claims of a potential settlement that were reported in the well streetjournal, a murdoch owned operation, i think that gives us some sense of the nature of these reports. whether the two sides can come to the settlement is a very open question. i m surprised that this thing it came this close to getting into a courtroom. dominion a comedy voting system, is trying to prove deformation.

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