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BBCNEWS BBC News July 7, 2024

good morning. the governor of the bank of england has defended the decision to raise interest rates, saying there s a real risk of soaring prices becoming embedded . yesterday, the bank warned the uk will fall into recession as it raised interest rates by the largest amount in 27 years. the uk economy is forecast to shrink in the last three months of this year, as the bank predicts a recession that will last well into next year. the bank says that sharp increases in energy prices will push inflation to more than 13% a 42 year high and that the value of people s incomes is falling. one of the ways it can try to control inflation is to raise interest rates. this makes borrowing money more expensive which means we are less likely to spend bringing prices down. that s the bank s justification for raising interest rates from 1.25% to 1.75% the biggest rise since 1995. the governor of the bank of england, andrew bailey, told the today programme why raising interest rates ....

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BBCNEWS BBC News July 7, 2024

as parts of europe face a drought, the first in a series of hosepipe bans is due to come into force across the south of england to try and tackle water shortages. the american conspiracy theorist alexjones has been ordered to pay more than $4 million in damages after losing a defamation case for falsely claiming the sandy hook shooting was a hoax. hello, and welcome if you re watching in the uk or around the world. in the uk, the governor of the bank of england has defended the decision to raise interest rates, saying there s a real risk of soaring prices becoming embedded . yesterday, the bank warned of a recession as it raised interest rates by the largest amount in 27 years. the uk economy is forecast to shrink in the last three months of this year, as the bank predicts a recession that will last well into next year. the bank says that sharp increases in energy prices will push inflation to more than 13% a 42 year high and that the value of people s incomes is ....

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MSNBC Alex Wagner Tonight July 7, 2024

every time there is a chance to vote and to see something, you gotta go out and say it. we will discuss all that ahead, but in new york, there are four other congressional races that we are watching closely. in new york s post-congressional district longtime democratic representatives jerrold nadler and carolyn maloney forced into the same race due to redistricting. nadler won that primary, ending maloney s 30-year stunt in congress. in your 17th district, democratic congressman, sean patrick maloney and mondaire jones were almost forced to run against each other the same way that nadler and maloney were. but mondovi s running in new york s newly drawn pet district, facing a crowded field including dan goldman, former lead counsel during donald trump s first impeachment who spent his own money in that race. goldman is clearly leading the pack, but the race is still too close to call. tonight, congressman maloney, the current share of the dccc, part of a primary challe ....

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KGO ABC World News Tonight With David Muir July 7, 2024

back here at home, four current and former police officers facing federal charges in connection with the shooting death of breonna taylor. attorney general merrick garland accusing the officers of lying to obtain the search warrant for her home and lying again to investigators after the shooting. breaking news in the alex jones trial. a jury in texas ordering the conspiracy theorist to pay more than $4 million to parents who lost their 6-year-old boy in newtown, for calling the sandy hook massacre a hoax. extreme heat from montana to texas to maine. 70 million under heat alerts as we come on the air. the texas power grid pushed to the brink. record-breaking temperatures nearing 100 degrees in the northeast. and now the threat of flooding rain. rob marciano timing it out. overseas tonight, china conducting intense military exercises all around taiwan, responding to house speaker nancy pelosi s recent visit. china test-firing 11 ballistic missiles in less than two h ....

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BBCNEWS Global Questions July 7, 2024

of why people in former soviet republics like georgia and moldova are feeling a bit vulnerable after putin s invasion of ukraine. georgia is probably the most exposed country in the world to russian aggression. moscow has troops stationed about 30km from where i m standing here in the heart of the capital, tbilisi. 1a years ago, russia gave military support to separatists in two regions, south ossetia and abkhazia. there was a five day war between these separatists and georgian forces in which hundreds died and thousands were displaced. moscow recognises both south ossetia and abkhazia as independent republics and is believed to keep thousands of troops there, much like the pro russian territory of transnistria in moldova. these are among europe s frozen conflicts, and there are fears that as long as the war continues in ukraine, especially in the breakaway republics of donetsk and luhansk, there ll be a risk of escalation. is president putin trying to build a new iron ....

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