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BBCNEWS Outside Source July 6, 2024

we start here in the uk, where the bank of england has raised interest rates to their highest level for m years. the increase will leave millions of households facing higher mortgage payments at a time when many people are already struggling with crippling energy and food bills. the bank has raised rates by half a percentage point, to 4%. the aim to make it more expensive to borrow and spend so businesses and households rein in, meaning less upward pressure on prices. uk inflation eased slightly in december but was still at 10.5%, close to the highest level in a0 years and more than five times the bank of england s target. the bank governor said inflation had turned the corner, but the battle against surging prices wasn t over yet. we have done a lot on rates already. the full effect of that is still to come through. but it is too soon to declare victory just yet. inflationary pressures are still there, and we can see that in the data and we hear it from our agents. and we ....

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BBCNEWS Newsday July 6, 2024

welcome to bbc news broadcasting to viewers in the uk and around the world. it s seven in the morning in singapore, and in manila where there s been a big strategic development in the pacific rivalry between the us and china, with america sealing a deal to greatly increase its military presence in the philippines. it s seven in the morning in singapore, and in manila the agreement was signed off by the us defence secretary lloyd austin, after talks in the capital of the philippines. it represents a change in approach by president marcos. previous adminstrations tended to weaken their ties to washington. the deal gives the us access to four more military bases in the philippines, which will make a total of nine. neither country has said exactly where the new locations would be although it has been acknowledged that washington has requested access to bases on the northern land mass of luzon, the closest part of the philippines to taiwan, and on the island of palawan, ....

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BBCNEWS The Context with Christian Fraser July 6, 2024

welcome to the programme. there are tentative signs that inflation is coming under control, and the recession forecast last year will be shallower and shorter than expected. butjust to make sure, the central banks are raising the interest rates again. yesterday it was the fed, today the bank of england increased the base rate, half a point, to 4% the highest it has been in m years. we think inflation will come down rapidly, and a lot of that is down to energy prices, which have fallen rapidly. but i m afraid there are big risks out there which mean that it may not happen in that way. yet we re still seeing stronger pressure from price and wage setting in the economy in the question is, will that start to ease off? coinciding with the bank s decision came a profit announcement from shell and a rather blunt illustration of why we re all getting poorer. the oil and gas giant has reaped profits of £40 billion last year. the taxman has reaped far less. shell said it p ....

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BBCNEWS The Great Indian Cricket Dream July 7, 2024

A powerful typhoon has hit the philippines and is projected to sweep across the island of luzon, where the Capital Manila is located. Super typhoon noru made landfall within the last couple of hours and could bring winds of up to 200 km h. Our weather forecaster Helen Willetts has more. Hello. This large mass of cloud is a strong, powerful typhoon called noru, which has been throwing rain across the philippines for at least the last 2a hours, but has been developing intensively into that powerful storm, so a life threatening storm because it has got destructive winds, and it will give extreme amounts of rainfall, potentially catastrophic flooding and a large storm surge. Once it moves out into the south china seas open waters, expected to still be a typhoon, it could well intensify again and head into parts of vietnam, threaten china with some heavy rain and also give rains t ....

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BBCNEWS Newsday July 6, 2024

paralysis continues in the us congress, the republican leader in the us house of representatives, kevin mccarthy, appears to have failed in his 11th bid to get elected speaker, extending the government deadlock into a third day. a small group of right wingers within his own party has been derailing attempts to elect him. an eleventh vote is now underway. the republicans took control of the house in november s midterm elections, but the deadlock has left the chamber unable to swear in members or pass legislation. gary o donoghue reports. the total number of votes cast is 434. in the total number of votes cast is 434. ., ., ~:: , ., , is 434. in more than 160 years, and that was is 434. in more than 160 years, and that was before is 434. in more than 160 years, and that was before the - and that was before the american civil war. now, and that was before the american civilwar. now, into and that was before the american civil war. now, into a third day, the deadlock ....

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