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Transcripts For BBCNEWS World 20240705

badly. the data however paints a different picture. the us economy grew 2% in the first three months of this year. that is almost double initial estimates. consumers spend more, exports held up and prospect for the second quarter also look better with the housing market focused on recovery and subsidies for semiconductor and electric car parts beginning to kick in. the challenge for america s central bank is to keep inflation trending down. data due out later this friday from the us commerce department is likely to confirm prices are cooling. but with inflation still stubbornly hire, policymakers here as in many other developed economies are not done raising interest rates. susannah streeter is senior investment analyst at hargreaves la nsdown. susannah, biden is obviously on a re election campaign. but if we look at his economic track record as president, how successful have his policies been? well, the problem that the us has faced, as have other economies around the world

Transcripts For CSPAN2 Key Capitol Hill Hearings 20160310

I want to have a conversation about recent policy changes and an approach that i have long called for i would explore with you a host of issues relative to the department including my reit recent fbi i also want to discuss with you at another example of stonewalling at the administration and using the department as a tool for its resistance. The people are now aware that they have used nongovernment service for official business over 2000 emails containing classified information with some containing with what we describe as topsecret, sensitive, compartmented information and other related to special access programs. The department and the fbi have refused to officially confirm basic information about the scope and nature of the investigation to this committee. Apparently the fbi is conducting an investigation relating to the mishandling of that classified information. Given the politics involved, the potential for improper influence over the work of the investigators and career prosecu

UK s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say

UK s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say
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Transcripts for BBCNEWS World Business Report 20240604 04:40:00

package, but in fact, more means and more hardships are possibly coming up. possibly coming up. thank you very much possibly coming up. thank you very much for possibly coming up. thank you very much for your possibly coming up. thank you very much for your time. - possibly coming up. thank you | very much for your time. thank you. let s return to the uk now where the bank of england is wrapping up a four month consultation into whether to launch a digital pound. now, the virtual version of sterling would exist electronically and potentially use blockchain technology, like bitcoin, but its value would be linked directly to the pound. now, governor, andrew bailey, has described it as a profound decision for the way we use money in the future. claire conby is operations and governance lead at the digital pound foundation. why does the uk need a virtual pound? i think it is very true to say that cryptocurrencies really have highlighted that there is an increasing appetite in inter

Transcripts for BBCNEWS World Business Report 20240604 04:42:00

digital company, the money will be fully backed so that is a lot more stable in the same way that holding physical cash is today, it is fully backed by the central bank and a pound is always worth a pound on the same applies to the digital form of a central bank currency. i form of a central bank currency- form of a central bank curren . ~ ., ., ., currency. i know there are a lot of forums currency. i know there are a lot of forums going - currency. i know there are a lot of forums going on - currency. i know there are a lot of forums going on at. currency. i know there are a | lot of forums going on at the moment, a lot of conversations going on amongst the people that you know about how this might work. what there has been prioritised in terms of a possible design? through the diuital possible design? through the digital pound possible design? through the digital pound foundation, - possible design? through the digital pound foundation, we | digital pound foundation, we can see

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