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BBCNEWS Asia July 5, 2024

among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it s been able to cool inflation without tipping the economy into a recession. that s called a soft landing and it s buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22 year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it s a different story for the chinese stock markets, which have been struggling in the new year. chinese premier li qiang pledged to take forceful and effective action to support market confidence. shares in mainland china and in hong kong have been hovering at their lowest points in as many years. this comes despite somewhat upbeat signals at the end of last year. for more on what we can expect from ....

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BBCNEWS World July 5, 2024

hearing from tata steel, which owns the steelworks in october, it is bad news for the thousands of people who work at that steel facility. we have just been told that tata steel plans to close both remaining blast furnaces at the steelworks and that could come at the cost of 3000 jobs. clearly something which will devastate the local community. stay with us on bbc news for more updates on that story. tata steel says they will close the remaining port talbot blast furnaces at the steelworks with potential loss of up to 3000 jobs. news coming to us from bbc sources, ratherthan jobs. news coming to us from bbc sources, rather than confirmed by tata steel themselves. the unfolding issues around attacks on cargo ships by houthi rebels from yemen, warning from the world trade organization that it could affect developing countries the hardest. today the us has launched a fourth round of air strikes against the rebels, the us military said it targeted missiles that could be int ....

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BBCNEWS World July 5, 2024

because the boss of us chip giant intel has warned of a turbulent world this year. pat gelsinger has been speaking to our economics editor faisal islam at the world economic forum in davos. he said the current disruption to red sea shipping is another reason they were right to invest billions building factories in the us and europe rather than relying on asia. it s going to be a turbulent world, right? and obviously ukraine is still active, the israel situation, maybe broader implications in the middle east, obviously us china tensions. you know, it s a turbulent world in that regard. i think most view the economy probably a little bit slower to start with, some acceleration as we go through the year. and our strategy is very much around building resilient supply chains so that we re better prepared to handle some of the turbulence that we think is at least currently consistently seen year after year. just when we think things are calming down, it s not entirely c ....

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BBCNEWS Breakfast July 6, 2024

more sunshine around today, especially for eastern areas. before full weekend forecast is coming up here and breakfast. it s friday 2nd june. our main story. the former this morning presenter phillip schofield says he has lost everything , after admitting to lying about an affair with a young colleague. in his first interview since resigning from itv, mr schofield says he desperately regrets the relationship, but insists it was consensual and he strenuously denies claims that he groomed the man. he s been speaking to our media editor amol rajan. come on in. good to see you. thank you. phillip schofield granted this interview because he wanted to say sorry, he wanted to show contrition, and he wanted to correct some of what he sees as the false narratives in the public domain over the past week. are you feeling 0k to do this? you re feeling strong enough to do this interview? yeah, i have to. schofield described the enormous toll that recent days have taken on him. and ....

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BBCNEWS Newsday July 6, 2024

live from our studio in singapore. this is bbc news. it s newsday. welcome to bbc news, broadcasting to viewers in the uk and around the world. we begin in moscow where russia has accused ukraine of trying to assasinate president vladamir putin. ukraine says it had nothing to do with the incident in which a drone was seen flying over the kremlin before a small explosion. presdeint zelensky said kyiv only fought russia on ukrainian territory. our russia editor steve rosenberg sent this report from moscow. flying in from the left, what appears to be a drone. then an explosion over the kremlin. this footage is unverified, but the kremlin says that overnight, two drones targeted the residence of the president. moscow blames ukraine, but says that no one was injured. on russian state tv, a dramatic start to this talk show. the presenter announces breaking news. there s been an attempt, he says, to assassinate putin. in daylight down at the kremlin, we couldn t see any ....

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