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BBCNEWS World Business Report July 6, 2024



us financal watchdogs target two more big names, the exchange genesis, and the crypto lender gemini. plus, pack your bags, travel is back. but where are people going? we ll hear from the boss of hotel booking site trivago. we start here in the uk, where we could get confirmation, in the next hour or so, that the economy is heading into recession. figures for november are expected to show a fall in britain s gdp, gross domestic product or economic output, after growth ofjust 0.5% in october. we already know the uk economy shrank in the three months to september, two quarters in a row of negative growth means a recession. businesses and consumers are feeling the pressure of soaring energy bills and rising interest rates, as one company owner has been telling the bbc. from our point of view, we can feel that yeah there is probably a recession coming on. people are finding it difficult, they are kind of worried about their basic of heating and fuel and all the rest of it in ....

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BBCNEWS World July 3, 2024

Major market reaction, and like you say weve seen prices up over 4 fuelled by the conflict in the middle east and it comes after oil prices suffered the biggest weekly drop since march last week which was reversing a lot of the price action we have been seeing betweenjune and september this year which of course was because of Supply Constraints from saudi arabia and russia but this increase in geopolitical risk is providing a major tailwind to Oil Prices Today and The Big Question really is the market is wondering whether there is iranian involvement in the attack which is something that has been alleged by the israeli authorities because if they are, the tensions are likely to have a more longer lasting upward impact if it were to negatively impact oil surprise and supplies in terms of pushing
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China Stocks Have Wiped Out All of Their Gains Since Reopening

Over the past week alone, foreign investors dumped a net 24 billion yuan, or $3.3 billion, of onshore Chinese stocks, the most since mid-August. ....

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China's Economy Is in Trouble Amid Youth Unemployment Crisis

China's youth unemployment notched a record 21% the past quarter, in a sign that its economy is headed in the wrong direction. ....

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