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Transcripts For BBCNEWS World Business Report 20240707

of cheer on wall street: amazon shares soar as it racks up sales of $121 billion in the last three months. hello there. we start in the us, with fears of a recession in the world s biggest economy. in the world s biggest economy are rattling people. official figures out on thursday show it shrinking for the second quarter in a row. two quarters of negative growth are what many countries around the world would define as a recession. not so in the us, as we ll show you why in a minute. us gross domestic product declined at an annual rate ofjust under 1% between april and june. that comes after a steeper 1.6% decline in the first three months of the year. but that hasn t hit the labour market yet. us treasury secretary janet yellen said the economy is now at full employment with the unemployment ratejust 3.6%. meanwhile, prices for groceries, petrol and other basics are rising at the fastest pace since 1981. he s what president biden had to say. both chairman powell and many

Transcripts For BBCNEWS The Papers 20240707

thick enough on sunday to give some rain, not much, mind you. most of it will be across england and wales but it could prove to be hit and miss. further north, lots of dry weather and sunshine, the weather improving across northern england and north wales. not much rain across the far south of england stop looks like it is going to be quite warm, still, for the final at wembley. if there is going to be any rain it will not amount to much at all. looking at what is coming into next week and we see some more rain across the northern half of the uk to start the new month later in the week it should stop drier and brighter, but a little bit cooler. jane. thanks, darren. and that s bbc news at ten on friday the 29th ofjuly. there s more analysis of the day s main stories on newsnight with kirsty wark, which isjust getting under way on bbc two. the news continues here on bbc one as now it s time to join our colleagues across the nations and regions for the news where you are but,

Transcripts For BBCNEWS The Papers 20240707

novak djokovic, says he will not play the us open that starts next week because he hasn t had a covid vaccine. it means he would be refused entry to the united states. hello, and welcome to our look ahead to what the papers will be bringing us tomorrow. with me are sebastian payne, who s the whitehall editor for financial times, and the journalist and author, claire cohen. first of all, let s take a look at the front pages. the i newspaper has that all important story on energy bills, as millions prepare for a huge rise in october prices expected to be announced tomorrow morning at 7am. as the nation awaits the next prime minister, the daily telegraph says the new pm will hit the ground running and offer urgent help bills within days of stepping into number ten. meanwhile, the ft follows the frontrunner of the conservative leadership contest, liz truss, who it says is eyeing up plans to trigger article 16 against the eu to buy more time dealing with the northern ireland pro

Transcripts For BBCNEWS BBC News 20240707

tv debate this evening. a cargo plane carrying weapons has crashed in northern greece killing all eight people on board. translation: there were flames, we were scared, a lot of cars came| but they could not approach because there were continuous explosions. and in golf rory mcilroy is in the lead by two shots at st andrews after five holes of the final round of the 0pen.| m here at rory mcilroy s golf club where people are expecting him to win. hello and good afternoon. an amber warning for extreme heat is now in force across most of england and parts of wales, as the uk braces for record temperatures in the coming days. the alert will extend to southern scotland from tomorrow, when the first red extreme heat warning issued by the met office will take effect in england, from london to manchester and york. a national emergency has been declared, with temperatures predicted to reach up to 41 degrees celsius. our correspondent jon donnison reports. an amber heat warning

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