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Transcripts For BBCNEWS Newsday 20240702

that happened when silken s responsible partner was, you guessed it, luther denis. when you look at the official documents stored here at companies house in cardiff, it looks like luther denis must be some sort of shipping magnate or serial entrepreneur. and he signs documents which give away the ultimate control to the real owners. that leaves a gaping loophole where companies house won t tell us who really owns these companies. to me, it s a shock that the government hasn t used the opportunity of the economic crime bill to close down every loophole of which it is aware. and it certainly is aware of this one and, frankly, really can t even be called a loophole. i mean, it s so wide you can drive an oil tanker through it. the government has the chance to close it down with this legislation. it s choosing not to. we asked luther denis to comment, but he declined to say anything publicly. alpha consulting told us. alpha consulting s involvement in uk based limited partnerships

Transcripts For BBCNEWS Asia 20240702

is under way. it sets the stage for a wednesday decision on whether they ll hike interest rates, or leave them unchanged. our business correspondent erin delmore reports from new york. what do you get when you add strong consumer spending? a tightjob market and remarkable growth. you get a resilient economy, an economy that defied earlier predictions of a recession and one that s not buckling under the weight of the fed s interest rate hikes. see, raising interest rates is the fed s best tool to combat persistently high inflation, which consumers have seen reflected in higher prices for nearly everything. and while inflation has fallen by half from itsjune 2022 high of 7%, it s still higher than the fed s target of 2%. earlier this year, federal reserve policymakers hinted that they may hike interest rates once more before the year is out. they ll have a chance this week or at their last meeting in december, or they could not do it at all. investors and economists are predict

Transcripts For BBCNEWS Asia 20240702

see, raising interest rates is the fed s best tool to combat persistently high inflation, which consumers have seen reflected in higher prices for nearly everything. and while inflation has fallen by half from itsjune 2022 high of 7%, it s still higher than the fed s target of 2%. earlier this year, federal reserve policymakers hinted that they may hike interest rates once more before the year is out. they ll have a chance this week, or at their last meeting in december, or they could not do it at all. investors and economists are predicting that policymakers will skip a rate hike this week and, instead, hold rates steady, giving everything more time to work its way through the economy. we ll know the fed s next step on wednesday. one of the many things that have become more expensive for consumers is energy. oil prices have swung wildly over the last few years, due to the pandemic and the war in eastern europe. at one point, after russia invaded ukraine, prices rose to about

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