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Transcripts For BBCNEWS Talking Business 20240706

also on the show, as global leaders meet in egypt for the cop27 summit on the environment, what are the stakes for one of the most beautiful places on earth? i m going to be asking the big boss of the caribbean development bank, dr gene leon. wherever you rejoining me from around the world, a power grab at the top of china s communist party has big consequences for the global economy. yet with war raging in europe, a cost of living crisis, surging interest rates and a global energy crisis, china s president xijinping s consolidation of power at the communist party s 20th congress could easily get a bit lost amidst the noise. but china s critical place in the global supply chain, in world politics, in manufacturing and exporting and its growing power as a consumer and tourist powerhouse means that these changes are incredibly significant for the way the world s economy is going to develop in the next few years. so with the benefit of a few weeks perspective, let sjust take a

Transcripts For BBCNEWS Talking Business 20240707

also on the show is global leaders meet in egypt for the cop 27 summit on the environment, what are the stakes are one of the most beautiful places on earth? i m going to be asking the big boss of the caribbean development bank. wherever you arejoining me from around the world, once again a big hello and a warm welcome to the show. a power grab at the top of china s communist party has big consequences for the global economy. yet with war raging in europe, a cost of living crisis, surging interest rates on a global energy crisis, china s president xi jinping s consolidation of power at the 20th congress party could easily get a bit lost to make the noise. but, because china s critical place in the global supply chain manufacturing and exporting and its growing power as a consumer and tourist powerhouse means that these changes are incredibly significant for the way that the world s economy is going to develop in the next few years. so with the benefit of a few weeks perspecti

Transcripts For BBCNEWS World Business Report 20240707

plus rising prices falling ratings. can president biden win the argument on the us economy with just days to go until the midterm elections? and a pressing crisis. the cost of olive oil set to soar with harvests shrivelled by europe s summer heatwave. hello. we start here in the uk which is now facing the longest recession since records began, a century ago. that was the bleak warning from the bank of england on thursday, as it raised interest rates to 3% to try to dampen down soaring inflation. the bank says the uk economy is already in recession, and could keep declining until the middle of 202a. the pound slumped on the news to its lowest in more than two weeks. here s our economics editor faisal islam. the end of a decade and a half of ultralow interest rates was always going to be difficult, but dealing in mortgages has in recent weeks felt more like the stock market than the housing market. , , stock market than the housing market. , , . ., , market

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