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BBCNEWS World July 4, 2024

Remember thatjust like most americans who have credit records when they want to borrow money and find out how much debt they can take on, the Us Government also gets a credit rating. When it gets downgraded like this, the potential long term effect as it could push up the cost for the Us Government of borrowing money, and in turn that might long run push up taxes, it could mean less spending by the government and could mean fewer government and could mean fewer government programmes in the future. We are not there yet, but that is the underlying fear. If you look at what they are trying to address here in this downgrade, or one of the concerns they cite, it is a problem that exists both in the past but also in the future, and that is rising Us Government debt. At the moment
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BBCNEWS World July 2, 2024

And egypt at around 10 00 local time last night. President biden has called for the release of all hostages in gaza before there can be a ceasefire. The Israeli Army Says its carried out limited incursions into gaza ahead of an expected ground offensive. Just to say, we have got live coverage of course on a website of what is happening in israel and gaza. This is the plane that has just landed in tel aviv, israel, where french president Emmanuel Macron is due to disembark at any moment. Of course he has meetings with of course he has meetings with israeli Prime Minister Benjamin Netanyahu among others. We will keep you right across developments as they happen. Now lets get down to business and whats called
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BBCNEWS World Business Report June 4, 2024 13:34:00

The readership of america. that is what this rating reflects, even if it doesn t necessarily translate immediately into financial reality. that is a really interesting point. thank you, good to talk to you. to the uk now, where the government is hosting industry leaders in the energy sector as it seeks to strike a balance between energy security and finding a path towards net zero. it s committed to finding 100% emissions free energy by 2050. butjust days ago, the government approved 100 new licences for oil and gas extraction in the north sea and critics question whether that move is compatible with its climate pledges. let s cross live now to samuel ciszuk, who s an energy analyst and partner at els analysis, based on stockholm. thank you for being with us. let me put that question to you, can you do both, can you invest in oil and gas extraction, and try to meet your climate targets? i ....

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