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Transcripts For BBCNEWS World 20240703



a reminder of the breaking news this hour. apologies for the departure of our camera. israel has told the united nations that more than a million palestinians must leave the northern gaza strip further blasts have been heard overnight in gaza, as israeli forces aim to eradicate the hamas militant group in the wake of saturday s attacks. this is the scene live in gaza where it has just gone 7:30 in the morning. the un said the order by the israeli military also applied to all of its staff and those sheltered in un facilities, including schools, health centres and clinics. an hamas official, quoted by the reuters newsagency, said that the relocation warning from israel was fa ke propaganda . that is the life seen over gaza as we entered the seventh day of this conflict. at other points we have seen fresh plumes of smoke over the area, indicating fresh rocket fire coming into the area. we have had heard so many humanitarian issues, shortage of supplies and hospitals. we w ....

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Transcripts For BBCNEWS World 20240703



speaking this morning ahead of the imf world bank meeting in marrakesh, ms yellen said washington was monitoring the potential economic impact of the escalating conflict. well, let me say that at this stage, we are focused on human beings that have been affected by these barbaric attacks on israel and the suffering that it has caused. as president biden said, we stand firmly behind israel and are there to support israel in any way that is necessary. and while we are monitoring potential economic impacts from the crisis, i m not really thinking of that as a major likely driver of the global economic outlook. so we will see what impact it has. thus far, i don t think we have seen anything suggesting it would be very significant, but of course we are monitoring economic impacts, as well. joining me now is yael selfin, chief economist at kpmg uk. at this point the humanitarian but the economic effect will be heard around the world. janet yellen saying she does not expect an ....

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Transcripts For BBCNEWS Asia 20240703



and resulting in a multiyear investigation by the us government into the worlds largest cryptocurrency exchange binance. as part of the agreement, he stepped out of the ceo and founder apologised to the court in seattle singles company had now put in place anti money laundering controls and is watched by his mother and is watched by his mother and sister who were in court as he learned his fate. the sentence was considerably shorter than the three years prosecutors are demanding less than 12 to 18 months recommended underfederal recommended under federal guidelines. once recommended underfederal guidelines. once considered the most powerful person in the crypto industry is the second major crypto boss to be sentenced to prison. in march, he received 25 years behind bars for stealing $1 billion from customers from his now bankrupt exchange. but binance is still the biggest cryptocurrency exchange in the world and he has his own eyes on the future. recently announcing pla ....

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Transcripts For BBCNEWS World 20240703



by flaunting his business value. that the scene as he makes his way to the court. we will take you back there live if there developments. we begin in the us, wherejoe biden has said the us will continue to provide support for ukraine after further military funding was excluded from a last minute congressional budget deal. the temporary measure was pushed through to avert a government shutdown, but it doesn t include $6 billion in military aid for kyiv which is a top priority for the white house. let s get the latest on this with our north america business they pushed it to the wire, an 11th hour deal but a deal nonetheless. well, look, it is a deal of sorts, and in the sense we are talking about workers being put, government worker, federal workers being put on furlough or having their pay delayed. instead this deal pushes the condition down the road for another couple of weeks, they have passed a stopgap resolution that funds the government through to november 17th. at ....

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Transcripts For BBCNEWS World 20240703



of the country s statistics bureau made a stark warning about the number of vacant properties in the country. he said china s massive population of 1.4 billion people was not enough to fill the number of empty apartments across the country. our asia business reporter monica miller explains. debt restructuring plans fell apart over the weekend which has led to a massive sell off this morning. we are seeing here in asia, about 24%. this was an unexpected development. the embattled developer said that later on sunday it was unable to issue new debt due to the ongoing investigation into one of its domestic subsidiaries. now this company has been plagued with trying to figure of how to pay off its debt with onshore as well as offshore companies and investors. you know, it slumped since 2021 when evergrande defaulted initially on its debt obligations. that was following a clampdown from the government on new borrowing. multiple homes have been purchased by speculators in this ....

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