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Transcripts For BBCNEWS World Business Report 20240706

we start in the us, where the rate of inflation has slowed to its lowest level in nearly 2 years. figures released in the last hour, show the consumer prices index came in at 5% last month, lower than expected. but what does it mean for central banks that have been agressively raising interest rates around the world, to keep a lid on prices? well the deputy director of the imf has been speaking to our north america correspondent, samira hussain, about what could happen next. let s speak to her now. she s in washington. it isa it is a really interesting interview. if the idea that banks need to hold firm on the idea of raising rates until we are clear of the peak of inflation? we raising rates until we are clear of the peak of inflation? raising rates until we are clear of the peak of inflation? we spend such a lona time the peak of inflation? we spend such a long time in the peak of inflation? we spend such a long time in an the peak of inflation? we spend such a long ti

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Transcripts For BBCNEWS BBC World News 20240706

won t feature of members of the royal family. and beyonce has announced her first new tour in nearly seven years. there have been passionate appeals for us police reform at the funeral of tyre nichols, who died after being beaten by officers in memphis last month. speaking at the service, the us vice president, kamala harris, urged congress to pass a bill promoting police accountability. five policeman have been charged with murder in connection with the 29 year old s death. our north america editor sarah smith was at the service. # you lift me up. the grief was overlaid with anger, as mourners celebrating the life of tyre nichols also railed against the injustice of his death. i can t speak for everybody in memphis, i can t speak for everybody gathering, but for me, i believe that if that man had been white, you wouldn t have beat him like that that night. applause. america s first black vice president demanding congress pass police reform legislation. and when we look at th

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Transcripts For BBCNEWS BBC News at One 20240707

this is called the death gun salute and is taking place in every corner of the united kingdom. cardiff castle, edinburgh castle, hillsborough castle, york, portsmouth. one round is being fired every 10 seconds 96 rounds in total representing one round for every year of the queen s life. the gun salutes ringing out right across the united kingdom, the first ceremonial event, main event, since the queen s death yesterday afternoon. royal correspondence nicholas witchell is next to me. these salutes are part of tradition. they are. bells are sounded at churches across the country and flowers are laid, and the nation begins its period of mourning, this first formal expression of that national mourning, the gun salute of 96 rounds fired by different branches of the armed forces, the army and royal navy at more than a dozen different locations around the united kingdom. in the capital city, in both hyde park, with the king s troop royal horse artillery and at the tower of lo

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Transcripts For BBCNEWS World Business Report 20240707

we begin with the turmoil on financial markets today, the pound sterling continues to languish against the us dollar and several other currencies. the slide in its value was triggered by last week s mini budget, with its controversial package of tax cuts. let s get historical for a moment. we have records for sterling against the dollar going back through history, and in the early hours of monday morning it reached an all time low that is since the creation of the us currency in 1792. let s take a closer look at the past few days the dollar has been strong but this further drop down is about sterling weakness, with a bit of a recovery and then falling back again. you can see this dramatic few days, sterling weakness with a little bit of recovery before it fell back again. on friday and monday there were massive moves within a day, which for a currency like sterling is rare. and one of the impacts of a low pound means that we import inflation, oil and gas is more expensi

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Transcripts For BBCNEWS BBC News at One 20240707

the pound has stabilised today after hitting a record low yesterday. we ll be explaining the impact of what s going on in the markets. also this lunchtime. sir keir starmer will promise a fresh start for the uk in his keynote speech to the labour party conference today. the prince and princess of wales make their first visit to the nation since they were given the titles. and nasa smashes a spacecraft into an asteroid to test whether they can be deflected away from earth. and coming up on the bbc news channel: scotland are in poland seeking nations league promotion. avoid defeat tonight against ukraine and they ll also be assured of a play off spot for euro 202a. good afternoon and welcome to the bbc news at one. many banks and building societies are reviewing their mortage deals because of forecasts of a sharp rise in interest rates. the bank of ireland has withdrawn all mortgages. virgin money and skipton building society have closed offers for new customers, but will consi

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