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Transcripts For BBCNEWS Business 20240703

And the nasdaq all hit their highest levels ever. The catalyst wednesdays Consumer Price index report which showed inflation rising less rapidly inflation rising less rapidly in april than wed seen in the first three months of the year. Fed Chairjerome Powell has said a day earlier that fed officials were surprised by this years higher than expected readouts. Traders keenly watch Inflation Figures for clues on how the fed will move forward on Interest Rates. Any news of price increases easing raises their hopes the Interest Rates will be cut sooner rather than later. Now more investors expect the fed to make its first rate cut in september and a second in december. As we have been reporting on news day, ....

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Transcripts For BBCNEWS BBC 20240703

Critics are dubbing it the russia law. They say that its similar to legislation russia uses to suppress certain opinions and silence critics of the kremlin. Those who oppose the bill also argue that the legislation could negatively affect georgias chances ofjoining the european union. Speaking earlier, georgias Prime Minister Irakli Kobakhidze said otherwise. Translation today is the most im ortant translation today is the most important day translation today is the most important day in translation today is the most important day in terms translation today is the most important day in terms of important day in terms of strengthening the independence and sovereignty of our country. The adoption of the on transparency of foreign influence law provides strong guarantees for long term peace and stability in georgia, addressing polarisation which is essential for georgias immi ....

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Transcripts For BBCNEWS Business 20240703

President joe biden has increased tariffs on 18 billion worth of imports from china. Hes accused the country of unfairly subsidising its Clean Energy Sector and flooding International Markets with cheap goods. From new york, the bbc s erin delmore reports. It is not often we find former President Trump and current present biden in agreement but President Biden is not only keeping tariffs enacted by Spread Assessor but increasing them. They focus on the key technologies that power the green transition and include a 100 tariff on all chinese made electric vehicles imported into the United States. That is up from 25 . And a doubling of the levy ....

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Transcripts For BBCNEWS Business 20240703

They focus on the key technologies that power the green transition and include a 100 tariff on all chinese made electric vehicles imported into the United States. That is up from 25 . And a doubling of the levy on solar cells to 50 and a doubling of the Levy On Semiconductors to 50 . President biden says they are designed to protect us manufacturers from being undercut by china in the industries of the future from ev to solar cells, semiconductors, steel and illuminance and even Health Equipment like gloves and masks. China heavily subsidised these products which china produces more of than the world can absorb and then dump the excess on the market. Driving other manufacturers around the world out of business. China has criticised the plans and vowed to take all necessary actions in response. But since the impo ....

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Transcripts For BBCNEWS Asia 20240703

All shot through the roofs on key match dates, up three to five times the usual. And the world cup could be a big bonanza for businesses coming at an opportune time when indians have already begun losening the Purse Strings ahead of the big festive season. Online Food Delivery Companies and streaming apps could benefit substantially as millions tune in, with their food and drink to watch the matches. Some reports suggest that disney, the official media partner has as many as 20 brands for Sponsorship Deals across online and tv platforms. This is notjust the game, notjust religion, but a big big money spender. In new york where the trial of crypto giant Samuel Benjamin Bankman Fried is under way. Pros ....

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