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Transcripts For BBCNEWS World Business Report 20240709

Let s start here in the uk where people are asking if christmas will be cancelled again this year or will england s winter covid plan ensure the festive season gets the green light? all will be revealed later when the uk government sets out its plans to tackle the virus over the coming months. The government has now confirmed it will begin vaccinating 12 to 15 years olds and is expected to lay out plans for a booster scheme for those already vaccinated. The government is also expected to repeal parts of the coronavirus act, such as taking the power to close down the economy away from downing street. Joining me now is kate nicholls, chief executive of uk hospitality. Before we get on the winter, i haven t talked to you for a while. Where are things at right now for the hospitality industry given the challenges, staff shortages, that kind of thing? staff shortages, that kind of thin ? staff shortages, that kind of thin?. , , staff shortages, that kind of thing? the hospitality industry i

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Transcripts For BBCNEWS World Business Report 20240708

of computerised colleagues uk inflation is rising at its fastest rate for 30 years as fuel, energy and food costs surge. we ll find out in the coming hours if wages are coming even close to keeping pace with that rising cost of living and whether or not unemployment in the country continues in the 12 months to february, uk prices rose 6.2% on average. the main reason is the rising price of energy globally which is affecting companies across the whole economy. (ff and it will only get worse according to the office for budget responsibility. it warns the fallout from the war in ukraine could push inflation to a ao year high of 8 point 7 percent in the final three months of this year. and there was more underwhelming news yesterday as it was revealed the uk s economic growth slowed significantly in february, expanding byjust 0.1% compared with 0.8% percent in january. to discuss this i m joined by chris gray chairman & chief executive of manpower group. it s like the last quar

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Transcripts For BBCNEWS World 20240705

hearing from tata steel, which owns the steelworks in october, it is bad news for the thousands of people who work at that steel facility. we have just been told that tata steel plans to close both remaining blast furnaces at the steelworks and that could come at the cost of 3000 jobs. clearly something which will devastate the local community. stay with us on bbc news for more updates on that story. tata steel says they will close the remaining port talbot blast furnaces at the steelworks with potential loss of up to 3000 jobs. news coming to us from bbc sources, ratherthan jobs. news coming to us from bbc sources, rather than confirmed by tata steel themselves. the unfolding issues around attacks on cargo ships by houthi rebels from yemen, warning from the world trade organization that it could affect developing countries the hardest. today the us has launched a fourth round of air strikes against the rebels, the us military said it targeted missiles that could be intended

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Transcripts For BBCNEWS World Business Report 20240706

let s update you on the fallout following the collapse of silicon valley bank. injapan today shares in its biggest banks have dropped sharply as global markets react to the banking sector sell off in the us. despite a promise from us president biden that his government would do everything needed to maintain stability. on monday americans were lining up outside their branches to access their funds. some venture capitalists in california were seen taking out their money in cashier cheques worth millions of dollars. the volatility sparked by the collapse of svb has led to speculation the federal reserve will now pause its plans to keep raising interest rates, designed to tame inflation. our north america business correspondent, michelle fleury, reports from new york. what the hammock in the us banking sector means for the broader economy is to be seen but it s taking calculations about how america s fight against inflation maeve plouffe. economists at goldman sachs no longer exp

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