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BBCNEWS World July 3, 2024

They get from the canal almost halving. On top of that, and despite a recent bailout from the International Monetary fund, the economy is facing pressures on various fronts, with the war in gaza also hitting tourism. Really important egypt. Egypts president Abdel Fattah Al sisi begins his third term in office today after an election where he faced no serious challengers. During his Inauguration Speech the president emphasised his intention to maximize the economic role of the suez canal. With me is mohamed taha from our bbc arabic service. Good to have you. To start, explain why this was canal is so important to the egyptian economy. So important to the egyptian economy so important to the egyptian econom. ,. ,. , economy. The suez canal is the main source economy. The suez canal is the main source of econo ....

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BBCNEWS Asia July 3, 2024



others, like china s unfair trade policies and preventing access to advanced us technology. and on the chinese side, president xi reportedly called us support for any taiwanese independence effort a red line and accused the us of trying to suppress china s development of advanced technology. over four days of meetings, treasury secretary janet yellen is expected to meet with some china s top political and economic officials, as well as american business leaders and chinese professors and students. she is expected to warn china against flooding the market with cheap clean energy exports, things like electric vehicles and lithium ion batteries. the white house is trying to bolster that industry domestically by offering its own tax breaks and subsidies. let s get you up to speed quickly with an earthquake this morning in taiwan, because the well s largest contract chip maker has told the bbc it has evacuated some of its facilities there. the company says it is estimat ....

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