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Transcripts For BBCNEWS Asia 20240706



here s what the leaders of both sides had to say following the high sta kes meeting. we meeting. agreed to continue our discussions we agreed to continue our discussions and we will meet again on friday. in the meantime our staff will meet today and daily between now then and everyone in the meeting understood the risk of default. our economy would fall into a significant recession and it would devastate retirement accounts, increase learning costs, according to reports nearly 8 million americans would lose their jobs. americans would lose their “obs. , ., , jobs. everyone in this meeting reiterated jobs. everyone in this meeting reiterated the jobs. everyone in this meeting reiterated the positions - jobs. everyone in this meeting reiterated the positions they l reiterated the positions they were reiterated the positions they were at reiterated the positions they were at. i did not see movement. the president said staff movement. the president said staff wou ....

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Transcripts For BBCNEWS Asia 20240706



but no agreement was reached. here s what the leaders of both sides had to say following that high stakes meeting. we agreed to continue our discussions and we will meet again on friday. in the meantime, our staff will meet today and daily between now and then, and everyone in the meeting understood the risk of default. our economy would fall into a significant recession and it would devastate retirement accounts, increase borrowing costs, according to moody s nearly 8 million americans would lose theirjobs. everyone in this meeting reiterated the positions they were at. i did not see new movement. the president said staff should get back together. i was clear to the president. we have two weeks to go. president biden also said that it was possible he might call off his trip to asia if there is no breakthrough on the debt. ryan sweet is the chief us economist at oxford economics. he says he s not surprised no deal was reached. this is going to be a game of political chi ....

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Transcripts For BBCNEWS World 20240706



rates are expected to rise from 4.25% to 4.5% as the bank of england tries to rein in soaring inflation. inflation is still running at over 10% and at a as year high, largely driven by soaring food and energy prices. the bank rate is already at its highest level for m years, and further increases will pile more pain onto borrowers, particularly homeowners through higher mortgage rates. let s look ahead now with azad zangana, senior european economist & strategist, schroders. this deal we will get in half an hour but it feels done and are priced n. it hour but it feels done and are riced n. , hour but it feels done and are priced n- hour but it feels done and are ricedn. ,, , . ,. priced n. it is pretty much expected end has been priced n. it is pretty much expected end has been flagged priced n. it is pretty much expected end has been flagged for priced n. it is pretty much expected end has been flagged for some - priced n. it is pretty much expected | end has be ....

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Transcripts For BBCNEWS World Business Report 20240706



let s now get down to business. we start with energy as more eu caps on russian oil have come into effect. the price of premium products, primarily diesel, is being capped at $100 a barrel, while low end products, including fuel oil, will be capped at $45. other oil product imports are banned completely from today. the price cap is designed to limit moscow s ability to fund its war in ukraine. enforcement relies on prohibiting insurance and shipping companies from dealing with russian cargo, unless it was bought at or below the set price. i have not got viyella davis to talk about this instead i do have another guest. joining me now is spencer welch, oil analyst with s&p global. we have been talking about eu caps and bounce, what has changed today? changed today? there is essentially changed today? there is essentially three - changed today? there is. essentially three different mechanisms that have been put in place in the last two months. on the fifth of december, ....

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Transcripts For BBCNEWS BBC World News 20240706



a major crackdown on migrants crossing the channel in small boats. the uk government is planning to ban them for life from returning to the uk. we have a special report from the seychelles the country with the biggest heroin problem in the world. after a century, perfectly preserved at the bottom of the antarctic ocean lloyds of london locate the insurance policy for shackleton s ship the endurance. and it s already won four baftas and been nominated for nine oscars. the team behind the irish comedy the banshees of inishiren have been speaking to the bbc. to feel it and then said go out onto the world and received by all sorts of, you know, the corners of the globe, pretty surprising and cool. a very warm welcome to the programme. are you a twitter user? if programme. are you a twitter user? , ., . , programme. are you a twitter user? , ., ., , , current and former staff at twitter have told the bbc s panorama programme that the company is no longer able to pr ....

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