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Transcripts For BBCNEWS HARDtalk 20240706

this is bbc news. we ll have the headlines and all the main news stories for you at the top of the hour as newsday continues, straight after hardtalk. welcome to hardtalk from geneva. i m stephen sackur. this place is home to the world trade organization, the institution whose purpose is to maximise free and fair international trade on the assumption that globalisation is good. so what happens when many governments and people around the world question that premise? well, my guest today is the director general of the wto, ngozi okonjo iweala. will rising geopolitical tensions lead to the weaponisation of trade? ngozi okonjo iweala, welcome to hardtalk. now, you are one of the world s key advocates of ever ngozi okonjo iweala, welcome to hardtalk. thank you, stephen. now, you are one of the world s key advocates of ever freer trade, more globalisation. what s it like to be doing your job when the political tide across the world is running against you? the wto s purpose, the wor

Transcripts For BBCNEWS HARDtalk 20240706

he hated meghan. in a statement, harry and meghan said the tv presenter s comments were not an isolated incident. now on bbc news, it s time for hardtalk. welcome to hardtalk, from geneva. i m stephen sackur. this place is home to the world trade organization, the institution whose purpose is to maximise free and fair international trade, on the assumption that globalisation is good. so what happens when many governments and people around the world question that premise? well, my guest today is the director general of the wto, ngozi okonjo iweala. will rising geopolitical tensions lead to the weaponisation of trade? ngozi okonjo iweala, welcome to hardtalk. thank you, stephen. now, you are one of the world s key advocates of ever freer trade, more globalisation. what s it like to be doing your job when the political tide across the world is running against you? the wto s purpose, the world trade organization, is. its purpose is to enhance living standards, to help create em

Transcripts For BBCNEWS World Business Report 20240707

lets now get down to business. the biggest interest rate rise since 1989. that s what we are awaiting from the bank of england in just a few hours time as it battles to control soaring prices. the bank is widely expected to raise its benchmark rate from 2.25% to 3% pushing up the cost of mortgages, credit cards and loans. it comes as america s central bank the us federal reserve raised its main rate by three quarters of a percentage point and warned borrowing costs will have to go higher than many are expecting. michelle fleury has this from new york. this is the fourth time in a row that the us central bank has raised interest rates so aggressively, with another hike possible in december. the rapid pace of increases is in response to prices that have been rising at their fastest pace in four decades. now, as the race to beat inflation continues, the question for everyone is, will mr powell and his colleagues really keep up this pace? in its statement, for the firs

Transcripts For BBCNEWS HARDtalk 20240707

breeze are always strongest across southern counties of england. that ll be the case through this evening and overnight. in east anglia and the south east, a few more showers cropping up towards the morning. lots of cloud across parts of scotland. that will stop the temperature dropping too much, but any cloud breaks here, down into single figures in the countryside, and it will be a bit fresher through some rural parts of england and wales. where we start with lots of sunshine tomorrow, another sunny day to come here. the cloud in scotland breaking up a bit more readily, just one or two showers in the west, but a greater chance of cloud and showers in eastern and more particularly south eastern, east anglia parts of england, where temperatures will be down a bit in the breeze. up to around 23 24 towards the south west of england and south west wales. bye for now. hello. this is bbc news. the headlines. nasa cancels the launch of the artemis space rocket on its mission to the

Transcripts For BBCNEWS BBC News 20240707

the uk chancellor nadim zahawi has added his name to the conservative leadership contest joining a field of eight including sajid javid and jeremy hunt. and in the tennis, moscow born elena rybakina wins the women s singles title representing kazakhstan. sri lanka is in the grip of chaos and uncertainty after a dramatic 2a hours which has seen the country s president and prime minister pledge to step down. they were left with little choice after demonstrators stormed or set fire to to their official residences a howl of anger after months of protests about economic mismanagement. sri lanka is suffering rampant inflation, and is struggling to import food, fuel, and medicine. our correspondent anbarasan ethirajan reports from the capital, colombo. the barricades were meant to keep the protesters back, but they were no barrier for the furious and desperate crowds, all suffering the effects of living in economic collapse. police used water cannon and fired shots in the air, b

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