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Transcripts For BBCNEWS World 20240705

an economic recovery huge protests happened and there was no fuel and gas supplies were cut was of now sri lanka, after getting $2.9 billion from the international monetary fund,is from the international monetary fund, is slowly making a recovery. now it has to work at what to do with its huge debt. that is why they are discussing this five days. they approve the proposal yesterday and now they want to take it to parliament. basically, they are asking those who are holding the dollar denominated bonds to write off some of out of it. they outstanding the loan period as well, of up to perhaps 15 years and no interest free payment for at least nine year. this will give them some space to develop this economic recovery. because of these bonds are being held, they do not want to destabilise the banking sector. there will be a meltdown of the banking system if people start selling and buying, that is why the sri lankan government declared this five day bank holiday, which is also h

Transcripts For BBCNEWS World 20240706

exports via the black sea for another two months. the existing deal was arranged last july to tackle a global food crisis caused by russia s invasion of ukraine one of the world s top grain exporters. it was due to expire today, thursday. arnaud petit, executive director of the international grains council says the extension is vital for many countries food security. you re right, it is very important to have this extension, particularly for north african, sub saharan african countries, which would import much more grains that we have seen in the past season, so really it s good news for them that they can already plan some buying contract with producers in ukraine and also in russia. and important, as you say, about russia because there maybe is a tendency to think that russia is just blocking those exports from ukraine, but this is also good news for russia, isn t it? indeed, both ukraine and russia exported 70 million tonnes of wheat during the current season and we ex

Transcripts For BBCNEWS BBC 20240706

the latest from the gulf in a moment but some breaking news from tennis and rafael nadal want to be defending his french open title this year after pulling out of roland garros. speaking at a press conference to m time french open champion said next year could be his last as a professional. he hasn t missed a french open since 2004 and has gained the nickname the king of clay. he hasn t played since january after a hip injury at the australian open. he said it was a decision his body made. mi; he said it was a decision his body made. ~ , . . , he said it was a decision his body made. g . ., , ., ., ., , made. my idea and my motivation is to t made. my idea and my motivation is tot to made. my idea and my motivation is to try to enjoy made. my idea and my motivation is to try to enjoy and made. my idea and my motivation is to try to enjoy and to made. my idea and my motivation is to try to enjoy and to try made. my idea and my motivation is to try to enjoy and to try t

Transcripts For BBCNEWS Asia Business Report 20170215

front of the new congress. she hints at any rate hike in the next few months. and shares in toshiba nosedive yet again as the japanese conglomerate faces a $6 billion write down. it is asia business report. good morning, asia. hello, world. markets have been buzzing overnight as the head of the us central bank said an interest rate rise could come as early as next month. in the sme annual testimony to congress, janet yellen set of hawkish tone, saying it is unwise to wait too long to hike rates. financial stocks in the us lifted. the broader s&p index closing higher for a fourth consecutive session. this is how asian shares are trading in early trade on wednesday. all in positive territory. more analysis in a moment but that hear what she had to say. as i noted on previous occasions, waiting too long to remove accommodation would be unwise. potentially requiring the fomc to raise rates rapidly which could risk disrupting financial markets and pushing the economy into recessio

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