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Transcripts For BBCNEWS Business 20240703

To an all weather partnership. Kishore mahbubani was singapores former ambassador to the united nations. He gave me a sense of what lies ahead for eu china relations. Trade differences are normal. The important thing is notjust the trade in balance but the trade volume. At the end of the day, as you know, europe is looking for new sources of growth for itself and europe is acutely aware that china is going to become a very, very important market for eu products too, and let me give you some very important statistics so listeners understand how things have changed. In the year 2000 the european economy combined, eu economy combined was six times bigger than chinas economy. Now they are the same size. In five years time china will be bigger than the european union. Europe is aware of this. While they will have difficulties over trade they also rely china is it going to become the big market for them also, so thats also part of the european calculations. Do you seeing that the Balance Of

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Transcripts For BBCNEWS Business 20240703

Be bigger than the european union. Europe is aware of this. While they will have difficulties over trade they also rely china is it going to become the big market for them also, so thats also part of the european calculations. Do you seeing that the Balance Of Power shifting, then, and they have to adjust accordingly . I think the europeans are acutely aware of the change in the Balance Of Power. And remember, for europe today, one nightmare that they really worry about is the reelection of donald trump coming in for a second time as president of the united states, and they know that donald trump has absolutely no emotional connection to europe. He does not quite see the value of his european allies, and europe may have to get a much more difficult geopolitical environment. In that difficult geopolitical environment, when europe is looking for ways and means to possibly restrain russia at that point in time, maybe they can talk with china. And as you know china played an Important Role

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Transcripts For BBCNEWS BBC 20240703

They havent gone in rafah yet. If theyre going to rafah, im not supplying the weapons that have been used historically to deal with rafah, to deal with the cities, to deal with that problem. Were going to continue to make sure israel is secure in terms of iron dome and their ability to respond to attacks like came out of The Middle East recently. Lets ta ke lets take you to the scene, looking out at gaza. You can see in the distance there, a heavy plume of smoke, a reminder that the conflict continues on. And heavy shelling has been reported in rafah in the south of the gaza strip this morning. Our middle east correspondent, yolande knell, told me more from jerusalem. We still havent heard from the israeli Prime Ministers office. We do have some comments in the past hour or so from the Israeli Foreign minister obliquely referring to this. Hes written on x. Theres no war more just than this. And said israel will continue to fight until hamas s destruction. Weve also had, in a characteri

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Transcripts For BBCNEWS Newsday 20240703

On other people while denying the Biden Administration any of its achievements, and its clear that the stage is set for a most unusual election. During the coming months, both sides will go all out to mobilise their voters. And for biden supporters, theres the nagging worry that theyve not yet done enough to hold on to the white house. Mark there, produced by newsnight s max deveson and filmed by liam weir. So lets take a look at some of the front pages. Beginning with the daily mail. Stormy daniels, if i have made up my story about six with trump i would have written it a lot better. In the story of the worst Whooping Cough Outbreak in decades. Moving on to an exclusive, dominic cummings, boris and i saved thousands from covid but we want to talk again. His first major interview since leaving number ten. And then the guardian, fear and trepidation as hundreds of thousands of people leave rafah. And dwp have heads in their hands over carer payment crisis. Thats all from us tonight. Mar

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Transcripts For BBCNEWS BBC 20240703

About hungary wanting to serve as a bridge between china and the european union. Whereas, of course, some european leaders and the United States were warning yesterday, suggesting that europe should be wary of a chinese agenda, that china is actually trying to drive a wedge between different eu members in between different eu members in between the eu and the United States. ~ , states. One thing i think is quite siunificant states. One thing i think is quite significant is states. One thing i think is quite significant is that states. One thing i think is quite significant is that we states. One thing i think is quite significant is that we are states. One thing i think is quite significant is that we are hearing i significant is that we are hearing that there could be an Infrastructure Project announced after this trip. As we have seen in places like south asia, china resting in countries like sri lanka, nepal, countries that surround some of its biggest rivals, in that case india. In

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