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BBCNEWS Financial Turmoil July 7, 2024

In ukraine, 23 civilians have been killed in the Southern City of zaporizhzhia after a Russian Missile struck a convoy of vehicles. Thats according to the governor of the province. Initial pictures that have started coming in Show Ambulances arriving at the scene. Its reported that the victims seem to be civilians. The attack comes just hours before President Putin is expected to hold a ceremony to declare that four partially occupied regions, including zaporizhzhia, will become part of russia. The kremlin says luhansk, donetsk, zaporizhzhia and kherson voted overwhelmingly to join russia in recent, self styled referendums. But ukraine and the west have dismissed the votes as a sham. Ukraine insists its goal of fully liberating its territory will never change, reg ....

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BBCNEWS Financial Turmoil July 7, 2024



over the past week and beyond. what does it mean for the pound in your pocket, your mortage rate, and the future of the uk s economy? to help answer these questions, we have a panel of experts. andrew walker is a former bbc economics correspondent who has reported on many tumultuous events in economies around the world and will turn his weathered eye to what the uk has been experiencing. and from across the uk, we have mercedes osborne a director at the exeter based mortgage brokers pointers financial paul lewis, is a personal finance expert who presents the bbc s money box radio show and joins us from llandudno, and fiona cincotta is a currency expert and senior market analyst at city index the online trading platform. she s in north london. welcome to all of you. so, first, andrew how did all this turmoil start? the pound at one stage went to an all time low and lost ground against other currencies. the bank of england which is responsible for controlling inflat ....

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BBCNEWS Financial Turmoil June 4, 2024 11:46:00

And prices rising across the board and the market is edgy, nearly 10% in the last year and that is far above the target that the bank of england tries to achieve which is 2%. more expensive energy is a central part of this story, almost everything we buy needs energy. we are looking at factories, shops, transporting of goods, so it spreads mostly to goods and services, it s part of the story. war in ukraine has also affected food prices but russia are very important global suppliers of wheat and other food and its interrupted supplies and has affected prices there and there is also the global recovery caused by the pandemic and there are signs of it faltering and it has meant people have wanted to spend more and that has added to the pressure of rising prices and then there is the fall ....

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BBCNEWS Financial Turmoil June 4, 2024 11:33:00

The last year and that is far above the target the last year and that is far above the target that the bank of england tries to the target that the bank of england tries to achieve which is 2%. more expensive tries to achieve which is 2%. more expensive energy is a central part of this expensive energy is a central part of this story, and almost everything we buy of this story, and almost everything we buy needs energy. we are looking at factories, we buy needs energy. we are looking at factories, shops, transporting of goods. at factories, shops, transporting of goods. so at factories, shops, transporting of goods. so it at factories, shops, transporting of goods, so it spreads mostly to goods and services goods, so it spreads mostly to goods and services it s part of the story but is and services it s part of the story but is also and services it s part of the story but is also affected food prices but russia but is also affected food prices but russia are bu ....

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