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BBCNEWS World July 2, 2024

head of investment at interactive investor. what is going wrong? we are clearly saying that the consumer is slowing down. we are entering the golden quarter when typically we see a boost to spending in the run up to christmas, so perhaps a lot of consumers are hunkering down, saving ahead of that expensive period in the run up to december. haw ahead of that expensive period in the run-up to december. how much was it about the weather? the run-up to december. how much was it about the weather? the the run-up to december. how much was it about the weather? the wet it about the weather? the wet weather in it about the weather? the wet weather in the it about the weather? the wet weather in the second - it about the weather? the wet weather in the second half- it about the weather? the wet weather in the second half of. it about the weather? the wet i weather in the second half of the month did affect footfall, but still retail sales were down by now .3%, which is ....

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BBCNEWS World July 2, 2024

to the latest estimates. britain s labour shortage is weighing on the economy and making it harder to control inflation as it pushes up wages. so on thursday the government s finance chief chancellor of the exchequerjeremy hunt outlined plans to get more people into the workforce. it could mean benefits being cut for healthy people who aren t in a job, as well as more support to get sick people back into work. meanwhile, the person who hopes to take his job after the next election shadow chancellor rachel reeves has told the bbc that the answer is more spending on the nhs to alleviate massive backlogs. here s our economics editor, faisal islam. ahead of a crucial autumn statement next week, there are a couple of economic facts the shadow chancellor and actual chancellor agree on. people in here will be admitted to hospital. the economy has a workforce problem related to health, and in turn, a growth problem. they disagree on the surgery required. we ve got to fix our ....

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BBCNEWS Asia July 2, 2024

largest economies are willing to restart cooperation on a number of issues. meanwhile, the us president has sought to reassure apec nations about america s commitment to the region, despite beijing s efforts to expand its influence there. the bbc s james clayton sent us this report from the event. global even others have met today all under one roof posing for a connective photo. global leaders. we have seen president biden giving a talk about climate change and how the us as a beacon of stability in the pacific. i have to say, a lot of the most important meetings here today are happening behind closed doors. you have global leaders meeting of their global leaders and hashing out deals. i would also say that there are a lot of chief executives of major companies here as well. global leaders, notjust here to meet their counterparts but to meet their counterparts but to meet the ceos as well and we just saw the chief executive of google wandering past. he wasn t answer ....

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BBCNEWS Asia July 2, 2024

business correspondent, nick marsh. nick, great to see you. what details do we have about what president biden announced? he: didn t really say much in the end, to be honest. he said there is more work to be done when it comes to the indo pacific economic framework. i would say that s a bit of an understatement. we have been talking about this agreement, it s not even a properfree trade agreement, it s not even a proper free trade agreement, let s not forget. we have been talking about it for about a year and a half. still no consensus reached. i think the latest stumbling block was on securing an agreement on workers rights and environmental protections. i think itjust goes to the heart of what s been achievable and not achievable at this apec summit on the diplomatic front, there has been considerable between china and the progress us, the mood music has been positive, the economic issues are much harder to unpick. the united states knows that china dominates this re ....

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BBCNEWS Asia July 2, 2024

created by his administration. biden has been seeking to reassure apec nations about america s commitment to the region, despite beijing s efforts to expand its influence there. for more on this, we re joined live by our asia business correspondent, nick marsh. good to see you. what details do we have on what biden said? president biden basically said that the indo pacific economic framework isn t dead, but he didn t really offer much more than that and i think if you re being charitable, or harsh, i do know how you would categorise it, you would pretty much say he is putting a brave face on things, because no agreement has been reached, the latest stumbling blocks apparently were over trying to secure workers rights, environmental protections, and i think that really goes to the heart of the problems at this apec forum because for all of the progress we ve seen on the diplomatic front in the us china relationship for example, the mood music there has been undeniably p ....

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