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BBCNEWS Newsnight July 5, 2024



an outlook for sunday. really very warm indeed and some welcome rain across western parts of the uk. yes, that alert is in force and quite a prolonged spell of warm weather. nothing exceptional in the temperature itself but many of us will absolutely love this kind of weather. some of us will really not enjoy it but i personally quite like it. thank you. and that s bbc news at ten. there s more analysis of the day s main stories on the bbc news website. the news continues here on bbc one, as now it s time to join our colleagues for the news where you are. but from the ten team, it s goodnight. remember that post brexit trade deal we were promised with america? well, today, rishi sunak and joe biden instead unveiled the washington declaration to push the envelope in their economic partnership. with the prime minister in washington, we found out how new technology and fighting climate change might define the next chapter in relations with the us. when the united states ....

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BBCNEWS Talking July 5, 2024



a lid on everything else. all these interlocking global forces meant i had one question for one of the most important people in globalfinance, the managing director of the international monetary fund. kristalina georgieva, a real pleasure, my friend, having you on this show. and kristalina, let s start with this, because you ve recently said a third of the world is heading into recession this year. how deep do you think the recession could be? what we are looking into is a tough 2023. as you know, we are already experiencing labour market disruptions. when inflation cuts the spending power of people, sooner or later they demand higher wages and if they don t get it, they re on the street. and that kind of disruption we have to be prepared for. and if i have one message to policymakers today, it is, please look into the way you can protect the most vulnerable people given that fiscal conditions are tight, and anticipate the impact of high interest rates on labour market ....

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BBCNEWS World July 5, 2024

hello, i m sally bundock, here with your top business stories. let s start with oil, because crude prices have risen some 2% after saudi arabia and opec plus countries announced they would be cutting production to stabilise oil prices. saudi arabia said it would make cuts of one million barrels per day injuly, which is around 1% of global supplies. opec plus countries which account for around a0 % of the world s crude oil said they would cut production by some 1.4 million barrels per day from the start of next year. but not all members of the cartel were happy, with nigeria and angola both wanting to raise production rather than cut it. joining me now from vienna is cornelia meyer, who s the ceo of meyer resources. always lovely to see you. talk to us about these announcements. were you expecting these new cuts to come? i expecting these new cuts to come? . , , . ., come? i was expecting them and ou come? i was expecting them and you know. come? i was expecting them and ....

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BBCNEWS World July 5, 2024



which is around 1% of global supplies. opec plus countries which account for around 40% of the world s crude oil said they would cut production by some 1 point 4 million barrels per day from the start of next year. but not all members of the cartel were happy, with nigeria and angola both wanting to raise production rather than cut it. here s our middle east correspondent sameer hashmi on some what can this mean for prices around the world? here s our middle east correspondent sameer hashmi on some of the fissures within opec plus, and the differing priorities of some key members. before the meeting started on saturday, it was widely expected that the whole group would make cuts deeper prices. but that didn t happen. saudi arabia was quite keen that the whole group implements those cuts from july, but as you were mentioning, a lot of members were not in favour of that because if they cut down production, it s going to impact their oil revenues, which is going to impact ....

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BBCNEWS Talking July 5, 2024



transgender and nonbinary people are those who identify with a different gender to the sex that they were assigned when they were born. here in the uk alone, more than a quarter of a million people identify as transgender. that s according to the official government census. and in the united states, it s estimated more than 2 million people identify as transgender. just recently, uganda became the latest country where strict or stricter anti lg btq legislation is being introduced, laws which, in this case, include the death penalty. but even in america, transgender adults are twice as likely to be out of work. when they do find a job, they earn a third less than non transgender people with the same qualifications. and more than half say that they re not comfortable being out as transgender at work. that s according to a report by the global consultancy group mckinsey and company. i m going to catch up with the author of that report in just a minute. but before that, we ....

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