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Transcripts For BBCNEWS World Business Report 20240707

let s start here in the uk where the new chancellor has been holding crunch talks with the prime minister on sunday to thrash out plans on tax and spending. jeremy hunt says his focus is on growth underpinned by stability. the value of the pound has gone up against the dollar in early trading today in asia. we will look at the market numbers in a moment because the new chancellor has the tough task of restoring economic credibility in the financial markets. our international trade correspondent dharshini david explains some of the tough challenges he faces. as international trading resumed for the first time after the chancellor wrapped up an economic strategy launched just one month ago, but his version, will it reassure other financial markets? let s look at those challenges, because this is the cost of new government borrowing, as dictated by the bond markets, which also impact mortgage rates. that rate remained high on friday then it was prior to september s mini budget.

Transcripts For BBCNEWS BBC News 20240707

fears are raised of a recession this year. bank of england confirms its emergency bond buying system will end on thursday, despite reports could the experts ended. the court hears reports that a nurse accused. blood supplies falter critically low level in england, prompting nhs blood and transplant to have its first ever amber alert, meaning hospitals have to postpone some elective surgery. and in ukraine, the defence ministers were asking brussels to step up defence of its country so can create an air shield against russian missile attacks. . the bbc finds that donations to tick tock are being taken by the social media platform rather than given to families from syria. the prime minister has said she ll absolutely stick to her promise not to cut public spending. she was speaking at the first prime minister s questions since last month s mini budget, which provoked turmoil on the financial markets. the labour leader sir kier starmer said she should reverse what he called he

Transcripts For BBCNEWS BBC News 20240707

in jail injailyou can use in jail you can use these cigarettes as, like, currency. preparing for prison we speak to some of the young in hong kong, as the territory prepares to mark 25 years since its handover. hello there. welcome to our viewers on pbs in america and around the globe. one of the most brazen terrorist acts in european history that s how ukraine s president zelensky has described the russian attack on a crowded shopping centre in kremenchuk. at least 13 people have been killed in the missile strike, and more than 50 injured, but that figure could rise. the attack happened in kremenchuk in central ukraine, a long way from the front line. the governor of the city said it was unlikely many survivors would be found in the rubble because the fire was so big. g7 leaders meeting in germany have called the attack abominable . the bbc s nick beake is in kremenchuk with the latest. this is the smouldering wreckage of russia s latest attack a shopping centre, al

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