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BBCNEWS World Business Report July 7, 2024

clean up the aviation industry? we get airborne to find out. we start in the us where the central bank has raised the cost of borrowing to its highest level in m years as it tries to rein in soaring prices. the federal reserve hiked its benchmark rate by three quarters of a percentage point to a range of between 3% and 3.75%. the feds chair, jerome powell, warned there were more rises to come, but said there is no painless way to get inflation under control. households and businesses here in the uk are also braced for more expensive borrowing with the bank of england widely expected to announce a hefty rate rise in the next few hours. more on that in a moment. first, let s hearfrom our us business correspondent michelle fleury in new york. the message from the federal reserve unmistakable, we are here to fight inflation, this is the first time us central bank has raised interest rates and smudged in response to prices rising at the fastest pace for four decades, pr ....

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BBCNEWS World Business Report June 4, 2024 04:51:00

Way off. spurred on by norway, sweden s heart aerospace designed this to carry 30 passengers. it s backed by airlines like united and sas. this will enter service in 2028 but already and 20 36 we will start flight testing using only the batteries on board, we can fly at about 200 kilometres but we also feature this preserved hybrid system we can extend the range. hybrid system we can extend the ranue. , hybrid system we can extend the rane, , ., ., ., hybrid system we can extend the ranue. , . ., ., , range. green aviation is engine closer. range. green aviation is engine closer- in range. green aviation is engine closer- in a range. green aviation is engine closer. in a few years - range. green aviation is engine closer. in a few years we i range. green aviation is engine closer. in a few years we could | closer. in a few years we could plug in and take off. adrienne murray, bbc news, 0slo. finally, let s stay with that theme because leaders from the worlds of business, government ....

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BBCNEWS World Business Report June 4, 2024 04:52:00

Brosnan, who is a marine scientist, environmental entrepreneur and climate risk expert. you arejoiners from you are joiners from new york so i assume you are the climate week? , ., so i assume you are the climate week? , ., week? are you? yes, i am. greetings week? are you? yes, i am. greetings from week? are you? yes, i am. greetings from new - week? are you? yes, i am. greetings from new york, i week? are you? yes, i am. i greetings from new york, times square. i m here for climate week, a celebration.- square. i m here for climate week, a celebration. how s it auoin week, a celebration. how s it going last week, a celebration. how s it going last year week, a celebration. how s it going last year november i week, a celebration. how s it i going last year november cop26 cop26 in glasgow was extremely stressful trying to reach agreements and commitments to tackle the problem. tackle the problem. climate week is different tackle the problem. climate week is different in - ....

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BBCNEWS World Business Report June 4, 2024 04:53:00

Keep climate change front and centre and to start taking any action for which they are accountable for. you can t come to york without seeing delegates to climate week, seeing guests and hearing on the streets snippets of conversation on climate. the key players conversation on climate. the key players who conversation on climate. the key players who are - conversation on climate. the key players who are at the un general assembly, all the talk so far has been ukraine and the conflict there. how concerned are you that that conflict has caused us to go backwards when it comes to government commitment to their net zero targets? commitment to their net-zero tar: ets? commitment to their net-zero taraets? . ., . commitment to their net-zero taraets? , . .,, targets? the conflict has certainly targets? the conflict has certainly made targets? the conflict has certainly made it - targets? the conflict has certainly made it harder| targets? the conflict has i certainly made it harder ....

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