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BBCNEWS World Business Report June 4, 2024 05:37:00

Full extent of the destruction is not known yet, from what we are seeing there will be an impact on turkey s economic growth and government spending will have to increase significantly to take into account those reconstruction efforts. what we do know about the impact of these earthquakes is that 13.4 million people lived in the affected areas. we nokia infrastructure like hospitals, pipelines, roads, homes have sustained very heavy damage. we know that on the day of the earthquakes on monday, electricity use across turkey dropped 11%. even before that happens, turkey s economy was facing some serious challenges, inflation last year climbing to a 24 year high, 85%. turkey s currency dropped to one tenth of its value against us dollar over the last decade and these trends were having a very ....

Southern Turkey , Reconstruction Efforts , Government Spending , 113 4 Million , Electricity Use , Inaudible Inflation ,

BBCNEWS World Business Report June 4, 2024 05:34:00

And betting services. michael, if you look at the ftse 100 index of top uk shares, you wouldn t think the economy was stagnating it has hit several new record highs this week. why is that? good morning victoria. i think what we ve seen over the course of the past few weeks and months has been the fact that all stock markets around the world have rallied quite strongly from their october lows and the reason for that is because the interest rate outlook, especially gilt yields, treasury yields and what have you, are much lower now than they were then. and ultimately i think the market is pricing in the fact that we are closer to peak inflation than we were then. also the economic outlook is slightly brighter, and by that i mean it is nowhere near as dark as it was thought to be the case in november december. and the market is reflecting that slightly more upbeat tone. ....

Michael Hewson , Record Highs , Wouldn T , Ftse 100 Index , Stock Markets , Interest Rate Outlook , Inaudible Inflation , Gilt Yields ,

BBCNEWS World Business Report June 4, 2024 05:40:00

Little bit of the sound of the beginning, the net effect is on inflation, is nil? inflation, is nil? yes, inaudible inflation, is nil? yes, inaudible draw - inflation, is nil? yes, inaudible draw a - inflation, is nil? yes, - inaudible draw a inaudible china makes are going to be falling. on the other hand, there is quite a possibility that china s additional demand for certain commodities and energy such as oil price, oil for example, could drive up those international prices a bit more, given the tight global supply conditions. for example, the oil market. i5 example, the oil market. is china s domestic growth as robust as it would have the rest of the world believe, do you think? you think? inaudible will become more you think? inaudible will become more robust, - you think? inaudible will become more robust, it. you think? inaudible will become more robust, it isj you think? inaudible will. become more robust, it is not quite there yet. i think it s worth drawing a distinctio ....

Inaudible Inflation , China S , Usa Inflation , Draw Inflation , Oil Price , Oil Market , Supply Conditions , Inaudible Will , World Raim ,

BBCNEWS World Business Report June 4, 2024 05:47:00

This weekend. millions of mobile phone and broadband customers in the uk face a steep jump in bills this april, because their contracts are linked to the rate of inflation. it could mean a family of four paying an extra £200 a year. the uk s telecoms regulator ofcom has called the system unclear and unpredictable and says it is investigating. our reporter ikaba koyi is looking at this for us. what do you know of this investigation? millions of customers are facing a sudden big price rise in their mobile phone abroad grand broadband contracts. likely to increase by 14% in april and that is due to high inflation. predicted phone bills are likely to increase by ....

Inaudible Inflation , Mobile Phone , Ikaba Koyi , Telecoms Regulator Ofcom , Broadband Contracts , Phone Bills ,