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BBCNEWS World July 6, 2024

we begin in the us, where the treasury secretary janet yellen has sounded a stark warning over the country s debt ceiling. this is the amount of money the us government is allowed to borrow to pay for pretty much everything they do. speaking to abc, she says that if lawmakers fail to raise that ceiling the us could be left unable to pay its bills by the beginning ofjune. it is congress s job to do this. if they fail to do it, we will have an economic and financial catastrophe that will be of our own making and there is no action that president biden and the us treasury can take to prevent that catastrophe. russ mould is investment research director at aj bell. we have been here before. all of the same warnings that the us could tape off a cliff if it doesn t raise the debt ceiling and yet more warnings. yes, we have and i think the us debt ceiling has been raised 75 or 80 times in its history and we have had eight government shutdowns while a new debt ceiling has be ....

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BBCNEWS World July 6, 2024

business stories. i m sally bundock. we start here in the uk, and what else but the coronation of his majesty king charles? as we ve been hearing, it s been an historic weekend, from the pomp and pageantry and a bit of rain on saturday to a day of street parties and a night of fantastic music to round off the celebrations. all driving some serious weekend spending, predicted by retailers to be worth something in the region of almost £1.8 billion. but as many continue to struggle with the current high cost of living, how long can the spending optimism last? katrina bishop is from consumer research company niq. let s talk this through. katrina, a warm welcome to you. morning. katrina, a warm welcome to you. morninu. ., . , , . morning. for many sectors in the uk that morning. for many sectors in the uk that have morning. for many sectors in the uk that have been - the uk that have been struggling, like hospitality, this was a huge boost, wasn t it? it this was a huge ....

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BBCNEWS World Business Report June 4, 2024 04:45:00

Have to remember if other people are subsidising than if you want to keep your own business open then you need to do the same. it s difficult at the moment for government in the moment for government in the scheme of things, but i think it is the end of the world if they continue to support it because it has such an important foundation status in the uk economy. in the uk economy. gervais williams, in the uk economy. gervais williams, thank in the uk economy. gervais williams, thank you. - to the eurovision song contest now. this year hosted in liverpool, on behalf of last year s winners ukraine. with last night s open air concert starting a week of events. fans from all over the world have ascended on the city providing a much welcomed boost to the local economy. as hannah miller reports. shake it up baby now. twist and shout. ,., ., ., ., shout. liverpool doing what liverpool shout. liverpool doing what liverpool does shout. liverpool doing what liverpool does best. - liv ....

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BBCNEWS World Business Report June 4, 2024 10:40:00

Iam hoping i am hoping that we might be able to re establish some communications there. we can see him but we cannot speak to him right now or hear him. we will try and return to that story later. it would have been fascinating and i hope we can bring you that later. in the meantime, let s talk about the eurovision song contest. last night s open air concert started a week of events. it provided a much welcome boost to the local economy. liverpool doing what liverpool does best. the karaoke has popped up at thisjudith. inside they re ....

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