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BBCNEWS World Business Report July 7, 2024

stock market debut. but is it the right time? as you ve been hearing, the uk government says it s sticking to plans for £45 billion of tax cuts despite turmoil on financial markets since the chancellor s mini budget statement on friday. it s seen investors dumping the pound and uk government borrowing costs soaring on growing alarm about the country s finances. on wednesday the bank of england was forced into an emergency intervention to head off a pension fund crisis. it will spend billions buying up uk government bonds to prop up their value and keep borrowing costs down. but as our economics editor faisal islam explains, it s only a short term solution. what started as an attempt to grow the economy with the biggest tax cuts in half a century led to havoc on currency markets more importantly on debt markets and then, within days, led to a tidal wave of interest rate rises, reaching every corner of the economy. in an emergency statement, the bank of england said. ....

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BBCNEWS BBC News July 7, 2024



she upset the dynamic of the hierarchy in the royal family just by existing . good afternoon. the united nations has launched an emergency appeal for almost £140 million, to help pakistan deal with devastating floods that have killed hundreds of people. the un secretary general, antonio guterres, says the country was facing a monsoon on steroids that s left millions homeless. provinces like sindh and balochistan in the south are the worst affected, but mountainous regions in the north west have also been badly hit. our correspondent danjohnson has the very latest. so much of sindh province now lies under water after weeks of torrential monsoon rain. a third of the country has been affected, and so many people here have lost absolutely everything. translation: our houses - were destroyed by rain and floods. everything sank in water. we couldn t save our household, except for a few things. now we are sitting here in the open. translation: the rainwater came, our hou ....

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BBCNEWS BBC News July 7, 2024



ukrainian forces in broken russian lines in a major offensive in the territory. that is only possible south of the country. because of the sophisticated weapons being supplied by the west. the two 16 year old boys have died after getting into difficulty ukrainian military said operations in a loch in county londonderry. had been launched in multiple locations in the south today. today, the ukrainian military said that russian positions, and munitions depots, equipment had been attacked. welcome to bbc news, very good to it is really hard to independently have your company stop. verify those claims, because it is difficult to get access to residents the united nations has launched an emergency appeal for almost £140 million living in kherson in occupied to help pakistan deal with the devastating floods. territory, but last night president the un secretary general, zelensky did not talk about what was antonio guterres, says the country happening in kherson, he said ukrai ....

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BBCNEWS BBC News July 7, 2024



the bison move through so this baby bison could be just the beginning. jonah fisher, bbc news, in kent. time for a look at the weather. here s tomasz schafernaker. high. good afternoon. it is going to stay mild over the next few days but big downpours lurking on the horizon today and indeed the weekend is going to be quite changeable. certainly not a wash out, we have some sunshine on the way but it will change. this is what the satellite picture looks like now. quite a complicated sort of pattern of clouds, you can see there are vortices, low pressure swelling around the uk, and the air is crucially coming in from the south, from the southern climes so hence it feels so mild out there. as we go through the weekend you will see areas of low pressure sweeping across the uk bringing further outbreaks of rain through that very changeable autumnal picture. the temperatures today, 19 in london, more typical in the mid teens but the average in london this time of year is clos ....

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FOXNEWS Special Report With Bret Baier July 7, 2024



good evening, peter. good evening, bret. people with student debt can start applying to have some of it canceled in october. right before the midterms. but it s unclear how many democrats are going to make canceling student debt part of their midterm campaigns. the amount of deficit reduction we have seen is enough to pay for this program. peter: that doesn t clear up where the money is coming from. some democrats are seeking distance including congressman jake awesomen clots. i think with similar amounts of money you could have extended pell grants medical debt for household throughout the united states. this would be more fair. and congressman tim ryan. i think a targeted approach right now really does send the wrong message. a lot of people making 30, 40 grand a year that didn t go to college and they need help as well. peter: the vice president claims the republicans are being hypocritical. a are the of the same people who are criticizing what we rig ....

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