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BBCNEWS World Business Report July 7, 2024

let s get down to business now. in just a few hours, the federal reserve america s central bank will make a decision on interest rates. it s pretty clear the cost of borrowing will go up but the question is, byjust how much. our north america business correspondent samira hussain reports from new york in the united states the cost of living has hit the highest level in more than a0 years. everything is more expensive. in the last year, the cost of food and vegetables is of more than 8%. today, £1 of beef is $5. last year it was $a.a0. the price of petrol has skyrocketed by 60%. and this is not a uniquely american problem. great prices are soaring around the world. the federal reserve, like other central banks is raising rates to curb inflation. here on wall street most people believe the policymakers will raise by .75%. but there are those believe the fed may adopt a more aggressive policy and raise the rates by a full percentage point. such is the urgency of combating r ....

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BBCNEWS World Business Report July 7, 2024

let s get down to business. we start with bp, as it s expected to reveal it made record profits in the second quarter. the rising price of oil has given the energy giant a significant boost. in fact bp chief executive, bernard looney, described the energy market last year as a cash machine. so let s take a look at its previous quarter, when bp made an operating profit of $8.2 billion. this, despite off loading its nearly 20% stake in russian controlled oil company rosneft. it also instigated a huge share buy back programme. last week, its rival shell reported second quarter profits of $11.5 billion, prompting a backlash in the uk with one trade union leader describing the soaring profits as an insult to households who are struggling with rising energy bills. let s talk this through, with andrew critchlow from s&p global commodity insights. hello to you, andrew. first of all, what are the numbers going to be like from bp? is it record breaking? i to be like from bp? is it re ....

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Derbyshire residents to vote on who leads £4bn boost for East Midlands

The first-ever election for a Mayor of the East Midlands will take place on Thursday, May 2 ....

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Planning to put nature first

Efforts to protect and prioritise nature were the subject of discussion at the first Derbyshire Local Nature Recovery Strategy Conference hosted by Derbyshire County Council at County Hall in Matlock on Monday 29th January. ....

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COURT RESULTS: Latest selection of Lincolnshire court results

COURT RESULTS: Latest selection of Lincolnshire court results
lincolnshireworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lincolnshireworld.com Daily Mail and Mail on Sunday newspapers.

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