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BBCNEWS Asia July 6, 2024

us treasury secretary janet has again sent a letter to congress warning the treasury would be unable to satisfy its obligations as early as 1june. presidentjoe biden will meet top lawmakers including republican house of representatives speaker kevin mccarthy at 3p able a good time on tuesday. of course that meeting was postponed from last friday. samira hussain has more from new york. in less than two weeks the united states could fail to meet its debt obligations. if lawmakers in washington cannot come to some sort of agreement. the republicans have continued to demand cuts to social security before they will agree to raise the borrowing limit. us presidentjoe biden has repeatedly said he would not set conditions that must raise the debt limit his failure to do so would result in an economic catastrophe. some of the possible outcomes of the job losses, those that depend on social security benefits won t get paid, and of course the most dire of outcomes would be the los ....

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BBCNEWS World July 6, 2024

the euro zone trade surplus. a better net trade result in the first quarter came mainly from higher exports of machinery, vehicles and chemicals and a drop in imports of energy. imports from russia, once a key supplier of oil and gas to the eu, were 72.1% lower in the january march period than a year earlier as the eu stopped buying most of its energy from moscow following the russian invasion of ukraine in late february 2022. joining me is sylvain broyer, chief economist emea, s&p global ratings. what to be make of these numbers? a pretty anaemic growth figure. there are a few positives, pretty anaemic growth figure. there are a few positives, the pretty anaemic growth figure. ii” are a few positives, the european economy has avoided recession, there is an upsurge in demand partly related to the opening of china and the european industry and job creation are strong. the outlook for the second quarter and third quarter is still 0k, the second quarter and third qua ....

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BBCNEWS Asia July 6, 2024

yellen has sent a letter to congress warning the treasury would be unable to satisfy its obligations as early as 1june. presidentjoe biden will meet top lawmakers including republican house of representatives speaker kevin mccarthy at three pm local time on tuesday after that meeting was postponed from last friday. samira hussain has more from the ock. in less than two weeks the ock. in less than two weeks the united states could fail to meet its debt obligations if lawmakers in washington cannot come to some sort of agreement. republicans have continued to demand cuts to social spending before they will agree to raise the borrowing limit. us presidentjoe biden has repeatedly said he would not set conditions lawmakers must raise the debt limit because failure to do so would result in an economic catastrophe. some of the possible outcomes are job losses, those that depend on social security benefits were get paid, and the most dire of outcomes would be the loss of confid ....

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BBCNEWS World July 6, 2024

time now to focus on the top business stories. i m sally bundock and we begin here in the uk where labour shortages and the rising cost of living have crippled the food sector with issues ranging from livestock stranded on farms, worker shortages at abattoirs and crops left to rot in fields with no one to harvest them. the prime minister, rishi sunak, is holding a food summit for crisis talks with farming and supermarket bosses to discuss how inflation is impacting food production. the nationalfarmers union has reported a ao year low in domestic salad production, while egg production recently fell to its weakest level in nine years. let s hear now from anna taylor, executive director of the food foundation. good morning to you, anna. good morninu. good morning to you, anna. good morning- what good morning to you, anna. good morning. what is good morning to you, anna. good morning. what is the good morning to you, anna. good morning. what is the situation - morning. wha ....

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BBCNEWS Asia Business Report June 4, 2024 00:40:00

Transportation. it s the industrial performance determine the chinese economic recovery since it stood. we said major weakness in the past month especially since the end of march, the utilisation rate of march, the utilisation rate of industrial capacity has reached the lowest point since 2016 and that means inventory has been building up for the economic system and it will be a major hardwood filament battery industry in china. before we go, a former executive is suing like touts, the company behind tick tock say he was fired after criticising the company for having, quote, a culture of lawlessness. us head of engineering was hired in 2017 and he says tiktok was stealing videos published on other sites like instagram and snapchat and presenting them as its own. he says he sounded the alarm the practice continued and he was ....

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