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Transcripts For BBCNEWS World Business Report 20240706

look at what it is like to take over a long running family business. time now to get down to business. we begin with energy. it will be clean and safe and power 1.8 million homes in the north of england and the midlands. that is the plan presented by the uk government and the netherlands who have announced the world s largest multiuse electricity powerline built under the north sea. the will connect the uk in the netherlands with offshore wind farms providing energy to britain aiming to reduce household bills. this announcement comes at the start of the second north sea summit which kicks off today in belgium, the founding countries are belgium, denmark and the netherlands will be joined by france, uk ireland norway and luxembourg and the largest ever coalition around energy in the northeast off let s talk to jess ralston head of energy at the energy and climate intelligence unit. first of all, uk government is saying it s the s largest of its kind, powerline is delivering c

Transcripts For BBCNEWS World Business Report 20240706

hello there. we start here in the uk, where we are about to find out if the economy has fallen into recession that s defined as two quarters in a row of negative economic growth. we already know the uk s entire economic output, or gross domestic product, shrank in the three months to september by 0.3%. injust over an hour, we get gdp figures for october to december. anotherfall would mean the uk is officially in recession. let s talk to melanie baker, senior uk economist at royal london asset management. her group managing funds worth over £150 billion. melanie, what is your prediction? for what we will hear today? fellow consensus is for a flat figure today so the economy having stagnated and i ve pencilled in the small increase but lost the forecasters expect a small fall in output and i think either way, it s not the healthiest place for the uk economy to be. ideally, you want an economy to be growing brusquely quarter on quarter and that isjust brusquely quarter on qua

Transcripts For BBCNEWS BBC News 20240707

or looking to buy how is this impacting you? do get in touch on twitter @annitabbc or use the hashtag #bbcyourquestions. price rises in the shops have hit another record high. figures show annual shop inflation accelerated to 5.7% in september. the president of ukraine has pledged to protect citizens in areas of his country which could be annexed by moscow after the kremlin held unofficial referendums. they will always say we are too small, too slow, too weak, too full of fear. and coming up actor michael sheen performs a new rendition of his world cup rallying cry to the wales football tea m. good morning and welcome to the bbc news channel. the international monetary fund which works to promote stability in the global economy has criticised the government s plans for tax cuts, warning the measures are likely to fuel the cost of living crisis. in an unusually outspoken statement the imf said the uk s developments were being closely monitered, and said untargeted

Transcripts For BBCNEWS BBC News 20240707

are you a first time buyer, have recently taken on a mortgage or are looking to move how is this impacting you? do get in touch on twitter @annitabbc or use the hashtag #bbcyourquestions. cuba is completely without power after hurricane ian has struck the western end of the island. two people are reported dead. florida now braces itself for the category three hurricane with life threatening winds, floods and tidal surges. leaders of several european countries claim that rare gas leaks that have hit the nordstream pipelines were not accidents but deliberate acts . gas flows in the nordstream 1 pipeline were stopped in august. the president of ukraine has pledged to protect citizens in areas of his country which could be annexed by moscow after the kremlin held unofficial referendums. hello and welcome if you re watching in the uk or around the world. watching in the uk the international monetary fund which works to promote stability in the global economy has criticise

Transcripts For BBCNEWS BBC 20240703

Has led to the Ukrainian Ambassador talking to the Polish Ministry and foreign affairs, they have a General Election next month and the Government Party has been tapping into the anti ukrainian rhetoric hoping to galvanise support in the countryside where fears of imports of Ukrainian Grain are the strongest copy yesterday evening the polish Prime Minister spoke on television said poland. Delivering arms to ukraine focusing on its own defence instead. That does not mean nato supplies. Reaching the country but it serves to show the widening rift between the two allies, we have to know them speaking as one voice on them speaking as one voice on the International Stage since the International Stage since the war started. Lets discuss this with steven fish, professor of Political Science at the university of california berkeley. The election in poland isjust weeks away. Is this a move by the polish government simply a move to win votes . It the polish government simply a move to win votes

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