Transcripts For BBCNEWS World 20240702

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the highest it's been in 15 years. but last month, the bank's rate—setting committee narrowly voted to keep it unchanged. and it's widely expected to do the same again today as evidence grows of the strain that high borrowing costs are putting on the economy and the housing market. here's our cost of living correspondent colletta smith. this is my monthly dining out, put that in as a reminder. ebony is doing all the right things. ebony is doing all the right thins. , ., , ., ., things. this month they have a savin: things. this month they have a saving goals — things. this month they have a saving goals towards _ things. this month they have a saving goals towards my - things. this month they have a i saving goals towards my house buying savings. she saving goals towards my house buying savings-_ buying savings. she and her artner buying savings. she and her partner saving _ buying savings. she and her partner saving carefully - partner saving carefully putting cash into physical wallets and cutting back when she can. i wallets and cutting back when she can. ., ., , , wallets and cutting back when she can. . . , , , she can. i have a penny savings challenge- _ she can. i have a penny savings challenge. all _ she can. i have a penny savings challenge. all to _ she can. i have a penny savings challenge. all to have - she can. i have a penny savings challenge. all to have enough l challenge. all to have enough to bu a challenge. all to have enough to buy a house. _ challenge. all to have enough to buy a house. i _ challenge. all to have enough to buy a house. i want - challenge. all to have enough to buy a house. i want to - challenge. all to have enough to buy a house. i want to get| to buy a house. i want to get married and _ to buy a house. i want to get married and engage - to buy a house. i want to get married and engage this - to buy a house. i want to get. married and engage this year, thenjust married and engage this year, then just that has to wait because that is a big expense for one day. the house is more important. for one day. the house is more important-— important. with interest rates changing so — important. with interest rates changing so often _ important. with interest rates changing so often doesn't - important. with interest ratesj changing so often doesn't feel like the goalpost keeps shifting for you. but feels like it gets _ shifting for you. but feels like it gets constantly - shifting for you. but feels - like it gets constantly bigger, you put in and you have to take out of small expenses you put in it feels like futile at the moment because your goals get further and further away. it’s further and further away. it's all e es further and further away. it's all eyes on — further and further away. it's all eyes on today's interest rates for anyone on a tracker mortgage or the one in 5 million households remortgage in the next six months, for those trying to rent while saving for a home, they are facing even more hurdles. first—time buyers are bearing the brunt of higher rates, as much as anything, it is very bad luck in terms of timing. they are also carrying the can for not building enough houses and that is manifesting in higher house prices and that is a toxic combination, high house prices and high rates. like a toxic combination, high house prices and high rates.— prices and high rates. like all lenders leeds _ prices and high rates. like all lenders leeds building - prices and high rates. like all| lenders leeds building society have seen a big drop in loans to first—time buyers compared to first—time buyers compared to last year. to first-time buyers compared to last year-— to last year. the average deposit _ to last year. the average deposit at _ to last year. the average deposit at the _ to last year. the average deposit at the moment l to last year. the average| deposit at the moment is £69,000 for a first—time buyer thatis £69,000 for a first—time buyer that is tremendously challenging. prices are, they would have two four x 60 or 70% to be as affordable as back in the 80s. i5 to be as affordable as back in the 80s. , ., ., , , the 80s. is a two bedroom but it would be _ the 80s. is a two bedroom but it would be nice _ the 80s. is a two bedroom but it would be nice to _ the 80s. is a two bedroom but it would be nice to have - the 80s. is a two bedroom but it would be nice to have three| it would be nice to have three bedrooms, space to grow, also managing — bedrooms, space to grow, also managing expectations currently about _ managing expectations currently about the first home and what you can — about the first home and what you can have. about the first home and what you can have-— you can have. whatever is announced _ you can have. whatever is announced today - you can have. whatever is announced today by - you can have. whatever is announced today by the l you can have. whatever is i announced today by the bank you can have. whatever is - announced today by the bank of england, ebony knows her dream of a place of her home is further away than she hoped. does seems like 18 months, 2a months. colletta smith, bbc news. so — have we reached a peak in global interest rates? last week, the european central bank held off from raising rates. and on wednesday, the us federal reserve did the same. michelle fleury reports from new york. after aggressively raising interest rates for the last year and a half the federal reserve believes it's in a place regularly rates where they are, to call the economy and slow inflation from its current 3.7% on a yearly basis too closer to 2%. even though america's central bank opted not to hike right now, the federal chair suggested officials are prepared to do more if inflation flees again. the idea that it would be difficult to raise again after stopping for a meeting or two is not — stopping for a meeting or two is not right, the committee will— is not right, the committee will do _ is not right, the committee will do what it thinks is appropriate at the time. right now things — appropriate at the time. right now things look _ appropriate at the time. right now things look good, - appropriate at the time. right now things look good, even . now things look good, even though it's pricierfor though it's pricier for americans though it's pricierfor americans to get a mortgage or carry credit card debt, growth was stronger than expected over the summer, the world �*s largest economy adding jobs on a monthly basis and the government �*s latestjob report due out this friday, federal staff do not see a recession so they do not want to rock the boat. raise rates too high and you risk tackling the economy, do to level and inflation could get out of control. that is why the federal reserve is taking a breather, waiting to see how things will play out in the future. simon french is chief economist at the investment bank panmure gordon here in london. are your thoughts with what could happen with the bank of england's interest rates decision, wildly thought to stay on hold at five and a quarter %? stay on hold at five and a quarter 96?— stay on hold at five and a uuarter%? , . ., ., , quarter 96? those expectations are riaht quarter 96? those expectations are right given _ quarter 96? those expectations are right given the _ quarter 96? those expectations are right given the income - quarter 96? those expectations| are right given the income data they have had in the last six weeks since they last met and held interest rates. most interestingly for the pricing of mortgages around the country, we heard on that package earlier, the stress this is putting on households looking to get on the housing ladder. the fact we may get a split vote between the nine policy committee members, we may even not certain get one member calling for an outright cut in uk interest rates, that may start to bring down the borrowing costs, and bond markets which impact the mortgage products the more commercial products many viewers would experience from high street lenders.— viewers would experience from high street lenders. what about in the us, _ high street lenders. what about in the us, consumer _ high street lenders. what about in the us, consumer prices - in the us, consumer prices began to rise there during september 3.7% they have made a decision to keep rates on hold, the federal chair signalling that could stay, what is your expectations for the united states? ~ g ., ., , states? well jerome pole who is the most important _ states? well jerome pole who is the most important central - states? well jerome pole who is the most important central bankj the most important central bank in the world set the tone for the us economy and the world economy, he has been given some support by those aforementioned bond market prices. the fact the yields on us treasury the major instrument by which the us government borrows have gone up us government borrows have gone up in recent weeks has made what he calls financial conditions the type of things that beer down on us inflation, all of those things made his job easier because he and his committee have had not had to raise interest rates overnight because the job is raise interest rates overnight because thejob is being done for him by those high yields. so he is quite keen in his commentary he made after the meeting yesterday, he was trying to say, look, we coyte like those yields to remain high to squeeze out that last mile of us inflation.- mile of us inflation. what about spending in the - mile of us inflation. what about spending in the us. mile of us inflation. what i about spending in the us. is there a concern because that has not been curtailed that could possibly lead to higher interest rates, they could go the other way again? than the other way again? an excellent _ the other way again? in excellent question not the other way again? an excellent question not least because of the resilience of the us household spending which has by far and away the strongest in the covid—19 recovery across the western world. there is also the fact that his colleagues, in terms of economic policy—making over in the capital, in europe and washington, are running huge financial deficits, sex, 7% of gdp, multitrillion pound borrowing, that is all feeling expenditure from the government sector and from households and the economy so he has to be mindful that it has some inflationary impact and while i suspect they are also done the federal reserve in terms of interest rates, they will want to keep the markets on notice that the consumer spending remains the strong there may be another hike or two still to come. , ., ., come. interesting to come. that decision from _ come. interesting to come. that decision from the _ come. interesting to come. that decision from the bank- come. interesting to come. that decision from the bank of- decision from the bank of england at midday here on bbc news. to artificial intelligence now because as we've been reporting, 100 world leaders, tech bosses and academics are gathered bletchley park in buckinghamshire for the first ever ai safety summit. they've issued a declaration calling for the world to work together to minimize the risks from the technology and to make sure it stays "human—centric, trustworthy and responsible." the risks were underlined by the world's richest man, tesla and spacex boss elon musk — who called ai one of the biggest threats to humanity. i think ai is one of the biggest threats. so, i mean, we are for the first time, we have are for the first time, we have a situation where there is something that is going to be far smarter than the smartest human. so we are not strong or faster than other creatures but we are more intelligent. and, here we are for the first time really in human history with something that is going to be far more intelligent than us. let's get some analysis on this. marc 0stwald is global strategist at adm investor services international. what are your thoughts on this bletchley declaration bringing world leaders and tech company bosses to agree on some kind of way to minimise the risk from al. do you think it will work? ai. do you think it will work? whether it will work will only be seen in the fullness of time. i think the emphasis with all of this is the regulation needs to ensure that what we have with al, is not some form of blackbox, which is opaque, but it is some form of glass box which is transparent. and in that transparency, what we end up with something where some of the potential for bad actors, some of the security risks, some of the risks of what are frankly untruths, being redistributed and becoming so—called fact, are not totally mitigated but the risks of them at least monitored properly and controlled.— monitored properly and controlled. ~ ., ~ controlled. when we look at al, so much is _ controlled. when we look at al, so much is unknown _ controlled. when we look at al, so much is unknown and - controlled. when we look at al, so much is unknown and a - controlled. when we look at al, so much is unknown and a lot . controlled. when we look at al, | so much is unknown and a lot of it is not understood by i would guess most of us. what we care about most in the immediate future is ourjobs, which industry do you think benefit and which lose out? to industry do you think benefit and which lose out?- and which lose out? to a certain — and which lose out? to a certain extent _ and which lose out? to a certain extent perhaps i and which lose out? to a l certain extent perhaps one should look at al is taking away some of the more menial tasks, and allowing us actually to improve our skill set because some of those menial tasks, are being completed. i am thinking of basic computational aspects, collection of data, which for the people to do it, yes, it is a job but perhaps actually processing the information, which is collected, interpreting the initial results which are compiled by ai would be a much better skilled and better paid job. so to a certain extent i think some of the administrative functions are obviously under threat, on the other hand in to do with science and research will inevitably be enhanced because this speed is processes. so as with covid—19 and finding solutions for a vaccine, a lot of that process can be speeded up relative to where we were before.- can be speeded up relative to where we were before. thank you very much — where we were before. thank you very much for— where we were before. thank you very much for being _ where we were before. thank you very much for being with - where we were before. thank you very much for being with us. - as conflicts and geopolitical tensions increase around the world, so the risk of a catastrophic cyber—attack is growing day by day. that's according to jose manuel barroso, former president of the eu. he's one of the key speakers at the global cybersecurity forum taking place in riyadh, saudi arabia at the moment. mr barroso's been speaking to the bbc�*s sally bundock. he told her that the rise of economic nationalism is leaving states ever more vulnerable to hacking attacks and cyber espionage. as you see the world is becoming more polarised, there is the possibility of having more massive attacks on cyber security, not only from a geopolitical point of view but geo economic, we are also seeing the repatriation or the regionalisation of supply chains, so the competition in economic terms is increasing and making it more instinct for economic espionage.— and making it more instinct for economic espionage. does does the current _ economic espionage. does does the current conflict _ economic espionage. does does the current conflict between - the current conflict between israel and hamas present a new risk when it comes to cyber security?— risk when it comes to cyber securi ? ~ ., , , ., security? we have seen before this more _ security? we have seen before this more recent _ security? we have seen before this more recent conflict - security? we have seen before this more recent conflict we i this more recent conflict we have been seeing in economic terms, the disruption of supply chains and also a much more nationalistic or protectionist attitude towards global trade. so what happens there is now more appetite for espionage, so thatis more appetite for espionage, so that is why i believe the risks in terms of cyber are certainly increasing now.— in terms of cyber are certainly increasing now. given what you have 'ust increasing now. given what you have just said _ increasing now. given what you have just said would _ increasing now. given what you have just said would you - increasing now. given what you have just said would you agree | have just said would you agree with the report recently out from the world economic forum, they found 86% of the business leaders they spoke to believe geopolitical instability we are experiencing now, means there will be a catastrophic cyber attack within the next two years? i attack within the next two ears? . years? i agree with the concern- _ years? i agree with the concern. and _ years? i agree with the concern. and i - years? i agree with the concern. and i think. years? i agree with the concern. and i think it| years? i agree with the - concern. and i think it makes all sense to be more prepared for it, so the responsible thing to do from a corporate point of view, is in terms of risk management to prepare for more cyber risk, which means the corporations namely global corporations that are most typically affected by it, to have enough resources, enough people prepared and to have contingency plans in case these matters can occur. yes the probability of having a major cyber security incident is increasing day by day. jose manuel barroso/. around the world and across the uk, this is bbc news. voice-over: bbc news, - bringing you different stories from across the uk. london has now had 160 e—bike or ease good fires reported in 2023, more than any other year. 24 2023, more than any other year. 26 firefighters attended 2a firefighters attended displays in kingston. still get that smoke. access is one of the main topics for london fire brigade. lode the main topics for london fire briuade. ~ ., ~' the main topics for london fire briuade. ~ ., ~ ., , ., brigade. we would like to store them outside. _ brigade. we would like to store them outside. if _ brigade. we would like to store them outside. if you _ brigade. we would like to store them outside. if you can't - them outside. if you can't store them outside, then a room where you can shut the door. a lot of the fires have people storing their bikes in our corals because they think that is a safe thing to do, but you are actually impeding your escape route if the bikes do catch fire. escape route if the bikes do catch fire-— escape route if the bikes do catch fire. people are asked to make sure _ catch fire. people are asked to make sure they _ catch fire. people are asked to make sure they buy _ catch fire. people are asked to make sure they buy from - make sure they buy from reputable sellers and only use the batteries and charters sold without e—bike. thankfully, all three people in this flat survived uninjured. for more stories from across the uk, head to the bbc website. you're live with bbc news. to asia now, and japan's prime minister has announced a new economic stimulus package worth more than $100 billion to help people with the cost of living. joao da silva is looking at this for us in our singapore bureau. joao, what does this involve? here is what we know about this so far. according to japanese media it will include income and residential tax reductions, it contemplates cash handouts to low income households and on top of this it offers subsidies top of this it offers subsidies to limit petrol and utility bills. all of it amounting to a package of more than $100 billion. this comes at a time when many people injapan are feeling the pinch. inflation has stayed above the central bank's target of 2% for more than a year now and salaries haven't risen quickly enough to offset soaring prices, meaning that consumption injapan's overall pace —— post pandemic recovery is held back by this. what is more, the prime ministers's ratings have been suffering. and those are some of the reasons why they are likely to put invasive stimulus package right now but come at a at a cost. the government is already heavilyjetted, its debt burden is more than twice the size of the economy and there is a prospect of the bank of japan there is a prospect of the bank ofjapan tightening its ultra— loose monetary policy, meaning that the pricetag for so much stimulus could become a problem down the line. fik. stimulus could become a problem down the line.— down the line. ok. good to see ou. down the line. ok. good to see you- thank _ down the line. ok. good to see you- thank you _ down the line. ok. good to see you. thank you for _ down the line. ok. good to see you. thank you for taking - you. thank you for taking us through that. let's turn to the energy industry now, because we get financial results from shell in just over an hour's time. energy firms are making much less money this year. oil and gas prices have come down after they soared in the early stages of the russian invasion of ukraine. the challenges of the transition to net zero mean companies are looking to secure oil and gas reserves by taking over or merging with rivals. some $250 billion worth of deals have been announced already this year. earlier this week, bp saw its shares slump after its earnings disappointed investors. some in the industry are now speculating bp could become a takeover target — possibly by shell — after two huge oil mergers in the us in recent weeks. elif binici is oil and gas analyst at the independent research company alphavalue in paris. welcome. thank you for being with us. let's talk about shelter what can we expect from those resulting in our�*s time. in cuba having me. shell can expect inaudible. compared to the previous quarter and this will come back on the back of higher crude oil prices, which average around $86 per barrel. this in the third quarter. and the earnings rise will also be supported by higher refining mergers and also gas trading, because from shell's trading upgrade, they had a better trading quarter compared to the previous year, and despite an impressive 20%, 25% increase compared to the previous quarter, this will still come 30, 30 5% below third quarter last year, as 2022 was a historically exceptional year for oil and gas companies. the surprise element for shell, coming from gas trading. this is a black box for oil and gas trading companies and it is a guesstimate quarter to quarter, but we know that they had a better quarter, although volatility in the market was very low compared to last year. what do you make of these rumours or thoughts of a possible takeover of bp by shell? , , , possible takeover of bp by shell? , , ., ., shell? yes, because after a hue shell? yes, because after a huge consolidation - shell? yes, because after a huge consolidation move i shell? yes, because after a huge consolidation move in | shell? yes, because after a - huge consolidation move in the us, the market has turned to european majors, what they will do, what will be their action. so far, during the conference call the burning season, we heard from the executors of bp that they are not really looking at that, they will be focusing on organic growth, which they could. they have a perfect portfolio underdevelopment. but the market will force them to think creatively. but when you look at the european sector, there are not many big opportunities which put them in a big productionjump like which put them in a big production jump like chevron what we can see is a bp— shell merger and this is a potential. why? because they have been in big turmoil and their strategy has been questioned and they are trading really low compared to european peers and us peers. the market could be expecting a move by shell, and when we look at what could be created, we are seeing their assets quite complementary and they could create synergies, cost synergies that could mean that this merger could happen for she“ this merger could happen for shell as well. so why not? inaudible thank you we will leave it there.— leave it there. apologies for the dropout _ leave it there. apologies for the dropout and _ leave it there. apologies for the dropout and sound - leave it there. apologies for l the dropout and sound there. let's stay with some of those themes, because energy bosses and financiers are in london this week for an energy transition summit, discussing how the industry can deliver clean, affordable and secure energy. energy production accounts for 72% of all global emissions, so the need for transition is clear. but organisations from the imf to the world bank to the international energy agency have raised concerns about where all the raw materials will come from to produce enough solar panels, wind turbines and electric vehicles. the iea says the world is moving from "a fuel intensive to a mineral intensive energy system" that will "supercharge demand for critical minerals." brandon spencer is president of the energy industries division at the engineering giant abb. he's in london for the summit. hejoins us now. welcome to you. let's talk more about how governments around the world, as they continue to speed up the transition, how can they do that when there are so many geopolitical challenges? i think we have to focus on what we can control, and what you see from the governments around the world, the ira, the green deal, different frameworks being rolled out across southeast asia, china, etc, i think governments are trying to put either the carrots or sticks out there into the markets and into the industries in order to simulate that both across clean energy. lode across clean energy. we recently _ across clean energy. we recently heard _ across clean energy. we recently heard from - across clean energy. we recently heard from 0pec who expects $14 trillion of investment into fossil fuels over the next 20 years. tell us, explained to us how can oil and gas companies contribute to the energy transition conversation effectively? i was at apec a _ conversation effectively? i was at apec a few _ conversation effectively? i was at apec a few weeks _ conversation effectively? i was at apec a few weeks ago - conversation effectively? i was at apec a few weeks ago and l conversation effectively? i was| at apec a few weeks ago and it was talked about the world is consuming more fossil fuels than ever, so we have two continue to invest in oil and gas, and at the same time, clean it up. so lower the carbon footprint for each barrel that is produced. as we do that, we lower the overall emissions of the oil and gas while the clean technologies come up and start to replace the added energy that is needed with either close to that zero—sum. it is the really the goal and letting the oil and gas companies can use the capital and the profitability that they are making on the traditional business in order to stimulate and fund the clean energy space. to stimulate and fund the clean energy space-— energy space. what you think the energy — energy space. what you think the energy mix _ energy space. what you think the energy mix of _ energy space. what you think the energy mix of the - energy space. what you think the energy mix of the future | the energy mix of the future will look like when we look at hydrogen, nuclear, wind, solar in 20, 30 hydrogen, nuclear, wind, solar in 20,30 years time? you hydrogen, nuclear, wind, solar in 20, 30 years time? you look out to 2050, — in 20, 30 years time? you look out to 2050, which _ in 20, 30 years time? you look out to 2050, which seems - in 20, 30 years time? you look out to 2050, which seems like | in 20, 30 years time? you look| out to 2050, which seems like a long time from now, but these projects take a long time to develop, the structure takes a long time to get up to speed. so when you look out, you can see that oil and gas is still part of the equation. call it 40, 50% of the equation in 2050, but then use a green hydrogen, small module and nuclear, carbon capture is a big one, great partnership with cng, bring leaders together to model carbon from end to end across a process and hopefully be more efficient and safer in how we manage it and handle it. so i think you see a mix that is changing and certainly with renewables, with wind, solar, geothermal, these types of things, i think you see 50—50 mix of clean energy towards and then fossil fuels on the remaining. i then fossil fuels on the remaining.— then fossil fuels on the remaining. then fossil fuels on the remaininu. ., ., ., remaining. i want to ask you 'ust remaining. i want to ask you just briefly. _ remaining. i want to ask you just briefly, as _ remaining. i want to ask you just briefly, as we _ remaining. i want to ask you just briefly, as we move - remaining. i want to ask you | just briefly, as we move away from fossil fuel in the demand becomes greaterfor from fossil fuel in the demand becomes greater for the minerals, becomes greaterfor the minerals, which are the foundations of renewables, aren't we switching demand from one thing just to another? i think we are also trying to clean up on the supply side, so we are electrifying things in mining, removing shipping towards hydrogen or electric propulsion. these same trends that are happening in oil and gas, dualfossilfuels that are happening in oil and gas, dual fossil fuels field, they are rolling things out across the other sides of industry on the supply side. so you have to address all sides of the supply chain and that is certainly where they try to deploy our technology. we must leave it. thank _ deploy our technology. we must leave it. thank you _ deploy our technology. we must leave it. thank you for _ deploy our technology. we must leave it. thank you forjoining i leave it. thank you forjoining us and for your analysis. thank you four been with us. same with bbc news for the latest. hello there. we've got more heavy rain, more strong winds as we head into thursday, all due, of course, to storm ciaran. that's been tracking its way right the way across the atlantic, heading over the southwest of england. now, it will move eastwards towards east anglia. it will bring more heavy rain and given how wet it's been in october, that could lead to some flooding. the winds also could potentially be dangerous and hazardous, bringing some disruption. this is where we've got the amber wind warnings from the met office. the winds already picking up in the southwest, those stronger winds will transfer through the english channel to affect coastal areas in the southeast of england. the winds are likely to be even stronger for a while in the channel islands — gusts of over 90mph, already had gusts of 100mph along the coast of brittany. so, some really strong winds across the far south of the uk. could be quite windy in other areas, and around the storm, around that low pressure, we've got these showers or longer spells of rain. as the wind picks up in scotland, it will get wetter here. we may miss the worst of the wet weather in northern ireland. temperature—wise, well, of course, nothing to write home about — a cool 10—12 degrees. but at least during the afternoon, the winds in the southwest will start to ease, and that's because the storm is going to be tracking away, and at the same time, it will be weakening. so, as we get into friday, the area of low pressure, what was the storm, is going to be sitting out in the north sea. so, it's not going to be as windy on friday, it's not going to be as wet. there'll be some sunshine, but also some showers blown in, and there'll still be some blustery winds. the windiest weather, perhaps the wettest weather will be across eastern scotland and the northeast of england. and those temperatures may be a degree or so higher, but still only 12 or 13 degrees at best. now, as we head into the weekend, we see that area of low pressure continuing to fade away in the north sea. another one coming in from the atlantic — not expecting this one to be named because the winds aren't going to be as strong. the strong winds will still be through the english channel, but we've got more rain to come across southern parts of the uk, into wales, in the midlands, followed by some showers. further north, there'll be some sunshine and perhaps a few showers as well, and those temperatures not really changing a great deal. so, after all this very wet and very windy weather, we've got some more rain on saturday for the southern half of the uk and then we're all in the same boat on sunday — sunshine and showers and not as windy. good morning, welcome to breakfast with charlie stayt and naga munchetty. 0ur headlines today. a major incident has been declared along parts of the south coast of england and the channel islands, as storm ciaran brings heavy rain, and expected winds of up to 90 miles an hour good morning. there hasjust been a good morning. there has “ust been a rust of good morning. there has “ust been a gust of wind — good morning. there has “ust been a gust of wind at the h good morning. there has “ust been a gust of wind at the jersey- good morning. there hasjust been a gust of wind at the jersey airport - gust of wind at the jersey airport of 93 mph. across the english channel coast line we are looking at damaging wind speeds and torrential rain. disruption is quite likely. the first british nationals have left gaza since the israel—hamas war began — it's expected more people will be allowed through the rafah crossing later today. a dad who lost his partner and two children as the result of an e—bike fire, calls for better regulation of the batteries used. no one had ever told me that these things could overheat and explode. no one ever told me about the lithium batteries give off an absolute toxic gas if they go up. and when they do go up, they're like a bomb.

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