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BBCNEWS Talking Business July 7, 2024

this currency expert from one of the world s biggest banks tells me how it s a story of both american strength and the weakness of other economies. so how much stronger could the dollar get? i m going to ask this man right here, former us treasury secretary larry summers, if an international deal will be needed to curb its rise. also on the show, helping beat those queues at the airport. i m going to be speaking to the big boss of air transport data giant sita about the tech solutions driving the future of seamless travel. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. here s a quote. the dollar is our currency, but it s your problem. that s what the then us treasury secretaryjohn connally famously told some of his european counterparts back in 1971. and 50 years on, it seems as true as ever. us policymakers, they re trying to clamp down on the cost of living crisis and the impact of that? it s being felt all o ....

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BBCNEWS HARDtalk July 7, 2024

now on bbc news, hardtalk. welcome to hardtalk. i m stephen sackur. crane has proved its resolve but this will keep throwing up new challenges. the biggest items from missiles and strikes of civilian. my guess is the energy minister. battlefield gains cannot disguise strategic vulnerability. it is is ukraine ready for putin s escalation strategy? minister, welcome. you have another day of air strikes in kyiv, these so called kamikaze chrome is supplied to russia by the iranians are causing has havik in kyiv and many towns and cities across your country. how worried are you about the fear they are spreading what we see is they start using drones and targeted all the drones to the infrastructure and that is the infrastructure and that is the massive shelling is which started the massive shelling is which starte: a, the massive shelling is which starte: ., ~ ., ., the massive shelling is which starte ., ~ ., ., ., started monday a week ago and the shelling started monday a ....

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BBCNEWS World Business Report July 6, 2024

we begin in china where we ve just had a slew of data that shows how deep the impact of both the pandemic and its demographics is having on society and the economy. data from the national bureau of statistics shows china s economy grew by 2.9% year on year for the last three months of 2022. that beat expectations reuters expected the economy to grow byjust1.8%. for the full year growth came in at 3% far below china s official target of 5.5%. excluding the year covid hit in 2020, this is china s worst showing in nearly 50 years. also today, the news that china s population has shrunk for the first time in more than 60 years a change that is expected to have deep economic, social and political implications for china. for more on that let s go to katie silver in our asia business hub. tell us more. that s right. the bi . tell us more. that s right. the big figure tell us more. that s right. the big figure that tell us more. that s right. the big figure that we ve ....

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BBCNEWS World Business Report July 7, 2024

struggling with symptoms. let s start here in the uk, where the new chancellorjeremy hunt has ditched almost all of prime minister liz truss tax cuts announced in the government s mini budget three weeks ago. the financial markets reacted positively to the news, with the pound rising against the us dollar and uk gilts falling. in total £32 billion of the £45 billion in tax cuts have been shelved, these include. the planned 1p cut in the basic rate of income tax is now on hold indefinitely, with the rate remaining at 20%. the cap on energy prices charged to households is now only guaranteed until april next year. for a typical household, it means an annual bill will not rise above £2,500 for the next six months. but plans to cancel the 1.25% increase in national insurance contributions will still go ahead, along with a reduction in stamp duty, and the cap on bankers bonuses will still be scrapped. joining me now is chris southworth, who s the secretary general of th ....

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CNN CNN Newsroom With Fredricka Whitfield July 7, 2024

happened. a massive explosion on a bridge that dealt a major blow to russia s military supply capabilitying. ukraine has not claimed responsibility for that damage, but an aide to presukraine s president said this may be an act of retaliation. here s a view of the explosion we didn t see yesterday. russian officials say three people were killed in all of this. nick paton walsh joins me now. it looks like russian retaliation. what more can you tell us? reporter: certainly, the strike in zaporizhzhia, we now know the death toll to be 13 with over 80 people injured. hundreds of rescuers are still working at the site of the apartment block that was hit by six cruise missiles dropped by a strategic bomber, and also an su-35 attack jet. also, some anti-aircraft missiles, s-300s according to ukrainian officials involved, a sign that russia s inventory is getting low. is it retaliation? i should point out, zaporizhzhia where this occurred is being hit over the last week repea ....

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