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Transcripts For BBCNEWS World 20240705

have the ability to keep making so called virgin steal from scratch within the uk. there are also clearly concerned about the workforce here. while there are plans to bring a free port to port talbot, potentially building aviation fuel plant here, too, those plans are in the medium to long term, there is nothing to immediately shift these workers do. at £100 million pot has been announced to potentially help workers to retrain or find other work. it would be very difficult to find a pathway forward until those other potential major employers arrive in port talbot. arrive in port talbot. thank you very much arrive in port talbot. thank you very much indeed. arrive in port talbot. thank you | very much indeed. presumably, arrive in port talbot. thank you - very much indeed. presumably, the fallout from this will be analysed now. what is your expectation as to where it goes in terms of steel production in the uk in the short term? ., , ., , ., production in the uk in the s

Transcripts For BBCNEWS World Business Report 20240707

hello and welcome to audiences in the uk and around the world. we start in germany where soaring prices and an energy crisis have europe s biggest economy on the brink of recession. and bracing for possibly its highest inflation in 70 years this autumn. rocked by limited gas from russia and the expensive business of weaning themselves off kremlin supplies, germany s central bank has warned that the current squeeze on the cost of living is set to continue. now, the government has put in place measures to save energy with things like lighting restrictions on workplaces, and they ve been asking people to use less while filling up national gas reserves. but with reports people are using up their savings as wages fail to keep up with prices, there have been warnings of possible social unrest come the winter. so, the latest inflation figures are due out today. joining me now is holger schmieding, chief economist at the german private bank berenberg. so what can we expect? when it c

Transcripts For BBCNEWS BBC 20240703

hello, i m victoria valentine. we start in india where world leaders are expective to arrive in new delhi in the coming hours, ahead of this weekend s 620 summit. this was earlier us presidentjoe biden departing washington for the summit. uk prime minister rishi sunak is also expected to attend. the 620 group consists of 19 of the world s wealthiest economies and the european union. it accounts for 85% of global economic output and two thirds of its population. it s a key forum for international issues but there are deep divisions over some of these, like the war in ukraine. live now to siddarth varadarajan, the founding editor of the independent indian news website the wire. thank you very much forjoining us here on bbc news. what hope is there that india is able to push to the fore the agenda of the global south? i think for india, the 620 has always been about, in a sense, pushing the ideas, views and interests of the global south. we ve been doing this since 2008,

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