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BBCNEWS BBC News July 7, 2024

s behalf. we will do it for all italians, with a clear objective of uniting the people, of underlining what unites it, rather than what divides it. nine people, including five children, are dead and some 20 wounded after a gunman opened fire in school 88 in the central russian city of izhevsk, the interior ministry has said. five rescuers have been killed after being swept away in flash floods caused by a typhoon in the philippines. super typhoon noru has brought winds of up to 175 kilometres an hour. and, nasa prepares to crash a probe into an asteroid to see how to stop a space rock from hitting earth. hello and welcome if you re watching in the uk or around the world. the value of the pound fell to a record low against the dollar overnight, following the uk government s announcement of large tax cuts funded by borrowing. in asian trading, sterling fell four per cent, close to $1.03 it s recovered much of that ground this morning. the fall in the pound since friday threa ....

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BBCNEWS BBC News at Six July 7, 2024

message is even more stark. the bank of england won t hesitate to raise interest rates if needed. also on the programme. flinching from the constant shelling the struggle for survival on ukraine s front line. in the last few minutes we have been hearing incoming and outgoing shells, every 30 seconds or so. it really doesn t stop. and science fiction made reality as nasa plans to try to divert an asteroid by crashing a rocket into it. and coming up on the bbc news channel. worcester warriors have been suspended from all competitions after failing to meet the deadline set by the rfu to provide evidenced they could continue as a viable business. good evening and welcome to the bbc news at six. the government is under pressure tonight as the financial markets give their verdict on the government s so called mini budget last friday. the value of the pound plunged to an all time low against the us dollar this morning though has since somewhat. and the amount it costs the go ....

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BBCNEWS BBC News July 7, 2024

those with the broadest carry the lightest load. and not by accident, but by choice. this a representative from the owners of instagram say that posts viewed were safe. tiktok could be fined £27 million for failing to safeguard the privacy of children. the information commissioner found the platform may have processed data of under 13s without parental consent. and after a 7 million milejourney, nasa are preparing to crash a probe in to an asteroid to see how difficult it is to knock a space rock off course. good afternoon. the bank of england says its monetary policy committee will not hesitate to change interest rates as necessary after the the pound fell overnight to its lowest level against the dollar ever. analysts against the dollar ever. have said that they may intervene analysts have said that they may intervene sooner than was scheduled intervene sooner than was scheduled in order to protect the pound. this afternoon the treasury has confirmed that it will set out ....

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BBCNEWS BBC News July 7, 2024

rachel reeves, the shadow chancellor, is there and they promise they will bring back the rate of interest tax to fund nhs staff. other news this afternoon. a moment of history in italy georgia meloni looks set to become its first far right leader since the second world war and its first female prime minister. a school shooting in russia has left at least 13 people dead, seven of them children. and nasa prepare to crash a space probe into an asteroid to find out how hard it would be to save the planet. welcome to bbc news, very good to have your company and it is going to be a busy afternoon. the pound fell overnight to its lowest level against the dollar for half a century. asian markets were reacting in part to the government s announcement last week of tax cuts and increased borrowing to pay for them. of course, that had come too late for their trading week on friday. at one stage, sterling plunged to around $1.03, before regaining ground. a weaker pound raises th ....

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CNN CNN Newsroom July 7, 2024

historic inflation. the decision will likely produce ripple effects on your personal finances and the economy in the months to come. cnn s matthew gin et joins us. we ve been awaiting this decision, what has the fed said? 75 basis points, the fed just delivered another massive interest rate hike, designed to put this inflation fire out. that means higher borrowing costs. this is the fourth straight interest rate hikes. this is historic. we ve never seen drastic actions like this under janet yellen. we never saw this from ben bernanke, or even alan greenspan. you have to go back to the early 80s under paul volcker. i think this says how stubborn the inflation has been. the fed s statement, which is watched very closely, is basically identical to last month, except for one key part. the fed reiterated that ongoing interest rate hikes are likely to be appropriate, but they added that this is going to be the case in order to get policy restrictive enough to get inflation ....

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