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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 20240604 04:42:00

last few hours. where does this leave the political and economic situation? cecilie big olitical economic situation? cecilie big political developments - political developments overnight and since the small hours the crowds have gathered here. this is the president secretariat behind me, and protester5 and citizens have been lining up here with flag5 been lining up here with flags and slogans which roughly translate to victory to our struggle . thi5 translate to victory to our struggle . this is something protester5 have been demanding for a long time and a5 gotabaya rajapaksa and his brother have moved out of the country, it leads now to the next lead5 now to the next development which will be the formal resignation of president gotabaya rajapaksa, that will put the country understand to look for a new political era and new political movement in the country, but in the interim look for a political vacuum

Transcripts for BBCNEWS World Business Report 20240604 04:55:00

tuesday was a slightly cooler day. we had much more cloud around. it was thick enough even to give a bit of rain here and there. but despite the cloud, here in london, it was hot. temperatures over 30 celsius again. much further north, preparing for the open at st andrews, it s cooler. temperatures were in the low 205 despite the sunshine. that cooler, cleaner, fresher air is moving down from the north, following this band of cloud that s still bringing one or two spots of rain. so, for much of the country, it will be a more comfortable night. these are the temperatures by the morning. still, that uncomfortable warmth, though, in the southeast of england. and across southern parts of england, could start quite cloudy in the morning, even one or two spots of rain left over. that s slowly moving away. we will see one or two showers for northern ireland and mainly in scotland, sunny spells too. much more sunshine, though, arriving across england and wales than we had on tuesday. those tem

Transcripts for BBCNEWS World Business Report 20240604 04:41:00

seeing so far is the higher inflation which is reducing real purchasing power, real disposable incomes, it sjust disposable incomes, it s just beginning disposable incomes, it sjust beginning to bite into consumer spending pattern5, beginning to bite into consumer spending patterns, and so add to that the higher cost of borrowing, to buy an automobile, home mortgages and the like, that will start biting in with a like so the rate of economic growth will definitely 5low. taste rate of economic growth will definitely slow. rate of economic growth will definitely slow. we shall see, micke d definitely slow. we shall see, mickey d levy. definitely slow. we shall see, mickey d levy, thank- definitely slow. we shall see, mickey d levy, thank you - definitely slow. we shall see, | mickey d levy, thank you very much. more now on the political crisis in sri lanka as you ve been hearing president gotabaya rajapaksa has fled the country and is now in the maldives. his departure early on wedn

Transcripts for BBCNEWS World Business Report 20240604 04:43:00

because at this point in time it is not clear who takes up the next roll. according to the constitution the current serving prime minister becomes the president when the post is vacant but there are also proce55 against the prime minister proce55 against the prime mini5terfor him to proce55 against the prime minister for him to leave his seat, so if that happens there is a political vacuum in the country. opposition parties are huddling together to form a majority which would be proven in the next few days and that leaves the country and its economic revival plan also installed as of now because until there is political stability in the country the economic revival programmes and the conversations with the international lending agencies likely imf not go ahead. but despite all the major political developments, the current situation on the ground as far as lack of e55entials i5 as lack of e55entials is concerned, it will continue for

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