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BBCNEWS Asia July 5, 2024

more than 9% injune of last year. it is a sign of the federal reserve s moves to raise interest rates to slow down inflation seems to be working. but analysts still think america central bank will raise interest rates one more time at their next meeting. it is good news for consumers but also good news for us president joe biden who counted the administration s efforts to bring prices down. he is facing re election next year and being able to control inflation without pushing the repeat into recession, it will be key in montana for years at the white house. the chief economist says he is wondering whether this is a turning point. other central banks around what asking themselves, has the us peak? we are, consumers can get the stuff they want to buy. one of the things they are concerned with is even that he had numbers is down to 3%, waved down from nine, the core inflation excluding the food and energy components are still pretty high, nowhere near the 2% target. i t ....

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BBCNEWS World July 5, 2024

an economic recovery huge protests happened and there was no fuel and gas supplies were cut was of now sri lanka, after getting $2.9 billion from the international monetary fund,is from the international monetary fund, is slowly making a recovery. now it has to work at what to do with its huge debt. that is why they are discussing this five days. they approve the proposal yesterday and now they want to take it to parliament. basically, they are asking those who are holding the dollar denominated bonds to write off some of out of it. they outstanding the loan period as well, of up to perhaps 15 years and no interest free payment for at least nine year. this will give them some space to develop this economic recovery. because of these bonds are being held, they do not want to destabilise the banking sector. there will be a meltdown of the banking system if people start selling and buying, that is why the sri lankan government declared this five day bank holiday, which is ....

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BBCNEWS Verified July 5, 2024

england are currently 181 1. zak crawley went for a8, stomped off the bowling of nathan lyon. ben duckett is currently on 86. england trailed by 235. with only a few days to go until the start of wimbledon, a former world number one has announced that she s coming out of retirement. caroline wozniaki will make a return to the sport, but not in time for the grass court season. the dane took a step back from tennis in 2020 after a 15 year career that saw her win the australian open and be world number one on two separate occasions. the 32 year old retired after a dignosis of rheumatoid arthritis. she announced her return on social media, saying that she still had goals that she wanted to accomplish. in football, one of the biggest transfer deals of the summer is closing in after arsenal agreed a fee worth £105 million to sign west ham s england midfielder declan rice. it s arsenal s third bid for rice and the initialfee of £100 million would equal the british record tha ....

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BBCNEWS Asia July 6, 2024

but will it last? rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right now is really concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. that is what the markets are pricing in and looking at at this point. the market has not entered a panic mode, as we have seen in the past with other geopolitical events, where it starts to pricing supply is lost from the market. right now it is a logistical rerouting, what we re seeing, and not kind of that panic and fear that we re going to lose barrels. that obviously can c ....

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BBCNEWS Asia July 6, 2024

around 0.32%. some reprieve, but will it last? rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing in and looking at at this point. the market has not entered a panic mode, as we have seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now it is a logistical rerouting, what we re seeing, and not kind of that panic and fear that we re g ....

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