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Transcripts For BBCNEWS Asia 20240701

international monetary fund for the inner statement we heard them say this is going to help, a bold move that would help stabilise the economy and set the basis for more sustainable and private sector led growth. the first group we have seen by the newly appointed economy minister and when mrjavier milei be sworn in as president on sunday. it has been quick. a huge roof. whenjavier milei huge roof. when javier milei came huge roof. whenjavier milei came into office he promised shock measures. he walked around with a chainsaw promising that is going to indicate the spending cuts and tax cuts he was promising. seen as a libertarian and very ultralight leader. this is the first of the measures. other measures announced as they will cut transport and fuel subsidies and cutting any spending by the government on advertising. huge reforms and all of this as part of living up all of this as part of living up to those campaign pledges made byjavier milei. one of the most controversial

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Transcripts For BBCNEWS Asia 20240701

volatile fuel and energy prices and the numbers remain higher things to persistently high housing costs. combating inflation, higher interest rates make it more expensive to borrow money and that is supposed to attempt on spending which should pay runaway prices. president biden prays the data is good news and called on corporations to pass savings on to consumers and press return to normal, that means hoarding interest rates steady and as of the expected to do on wednesday. what investors really want to know is when they think will be time to cut rates and will almost never wait and hope for next year. there will almost have to wait and cut for next year. and china, the economy is calling for the deflation as prices and deepening property crisis, credit ratings agencies been, rivalagencies crisis, credit ratings agencies been, rival agencies fit and also the credit rating of the lawmakers flirted with the default as they wrestled over nation debt limit. chief asia economi

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Transcripts For BBCNEWS Asia 20240701

that number has remained higher thanks in part to persistently high housing costs. raising interest rates is meant to combat inflation. higher interest rates make it more expensive to borrow money and that is supposed to tempt down spending which in turn should tame runway prices. president biden praised the data as good news and called on large corporations to pass the savings on to consumers. now it is up to the fed to decide whether they have done enough work to help prices return to normal. that would mean holding interest rates steady and that is what they are expected to do on wednesday. what investors really want to know is when the fed thinks it will be time to cut rates. they will almost certainly have to wait and hope for next year. of course inflation has been a big topic for many economies around the world this year. it is a different picture in china where we just found out last week the economy is slipping further into deflation, that s falling prices. with a de

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Transcripts For BBCNEWS Sportsday 20240701

indeed politicians in general, this is what politics and democracy can look like. when people here are deciding what happens as far as the government s bait is concerned. and, boy, does the prime minister know it tonight. the government s fate. join us at ten when we will tell you what has happened. now it s time to join the news team is concerned. and, boy, does hello. i m hugh ferris. welcome to a slightly shorter sportsday this evening with events at parliament. but for all the lurching turbulence of manchester united s season so far, they do still have a chance of reaching the last 16 of the champions league tonight. the task is by no means small, nor completely in their control, but a win against bayern munich and harry kane at old trafford, and a draw between the group s other two teams and the picture would once again change for erik ten hag and the team. patrick gearey reports. a dismal, miserable day for manchester united. manchester united havel been thoroughly b

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Transcripts For BBCNEWS The 20240701

much distress, it s causing so much distress in the region of the wider middle east as well, so the damage, the damage that it is doing to that region, to geopolitics, to the reputation of the us, and, of course, to palestinians whose lives are being shredded in this way. it alljust keeps mounting, and when you come in previous wars and israel, quite often, just as now the conversation is very much how long can israel keep fighting before international community tells it to stop? how much longer has israel got? that s always been the calculation, what is the window of opportunity? so that has very much been the calculation this time as well because it is clear that it is only international pressure that will stop at. only international pressure that will st0p at only international pressure that willstoat. ., ., , will stop at. ron, will it make any difference to will stop at. ron, will it make any difference to the will stop at. ron, will it make any difference to the am

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