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BBCNEWS World Business Report July 7, 2024

let s get down to business. as promised, we have more for you on the nato summit that will be getting under way in a few hours time. where, as you ve been hearing, finland and sweden have joined the alliance after turkey dropped its opposition against their membership. so, two of the hot topics at the summit are deciding whether russia or china is the biggest threat to world stability currently, and how to share the combined costs of defence security. members are expected to meet the nato target of spending 2% of gross domestic product on defence. the uk presently spends 2.1% of its gdp on security, but there have been calls for an increase after russia s invasion of ukraine. michael rowe is vice president of aerospace and defence at frost & sullivan. good morning to you, michael. first of all, finland, sweden joining nato. what does that mean in money terms? good morning- mean in money terms? good morning. when mean in money terms? good morning. when you - mean in ....

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BBCNEWS BBC News July 7, 2024

and a 17 year old striker becomes the first professional footballer in the men s game in england, for three decades, to come out as gay. and a 17 year old striker becomes the first professional we start with the news that more than 200 wounded soldiers from the azovstal steelworks on the edge of the city of mariupol have been evacuated. pictures suggest that they have been bussed out and have now reached novoazovsk, which is a russian controlled town in eastern ukraine. at least 50 of them are said to have been taken to local hospitals. the forces had been withstanding a russian offensive for almost three months, gaining almost legendary status among many ukrainians. it s not clear at this stage if they will be released into ukrainian government hands. translation: we hope - to save the lives of our boys. among them are the heavily wounded. they are being treated. i want to underline ukraine needs its ukrainian heroes alive. this is our principle. i think these words ....

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BBCNEWS BBC News July 7, 2024

to come out as gay. welcome to our viewers on pbs in america and around the globe. we start with the news that more than 200 wounded soldiers from the azovstal steelworks, on the edge of the city of mariupol, have been evacuated. pictures suggest that they have been bussed out and have now reached novoazovsk, which is a russian controlled town in eastern ukraine. at least 50 of them are said to have been taken to local hospitals. they are all ukrainian. the forces had been withstanding a russian offensive for almost three months, gaining almost legendary status among many ukrainians. it s not clear at this stage if they will be released into ukrainian government hands. translation: we hope - to save the lives of our boys. among them are the heavily wounded. they are being treated. i want to underline, ukraine needs its ukrainian heroes alive. this is our principle. i think these words can be understood by all adequate people. an anxious message in some respect by ukrain ....

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BBCNEWS World Business Report July 7, 2024

this is the business stories from around the world, and i will try and pronounce that correctly in a let s start with a stark warning from the governor of the bank of england. andrew bailey has warned the uk and many other countries are facing apocalyptic food prices, due to supply problems caused by the war in ukraine. bailey warned inflation could hit 10% by the autumn, well above the central bank s 2% target. uk inflation is currently at 7%, which is its highest level in 30 years. another sign of the rising cost of living was shown at petrol pumps yesterday, with one litre of diesel costing £1.80, which is a record high. joining me now is swetha ramachandran, an investment manager at gam investments. thank you for being with us, we know that rising prices are a huge problem, but it really did underlinejust how bad huge problem, but it really did underline just how bad this could get without warning from the bank of england just yesterday. yes, indeed, and there are ....

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SC clears two Monetary Board members from petitions filed over economic crisis

Latest news, analysis and opinions from the Daily FT, Sri Lanka s only national business newspaper. .. ....

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