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BBCNEWS World Business Report July 7, 2024

hello and welcome to audiences in the uk and around the world. we begin in the us where the central bank is expected to increase interest rates by another 75 basis points today which would be the fourth consecutive increase of this size. many are hoping for signs the federal reserve may soften its approach in the months ahead with markets anticipating a 0.5% rate rise in december. so what s different within the us economy that would lead the fed to change its current course? here s michelle fleury. since march the federal chair hiked the rate by three percentage points, in so doing caused more expensive loans on everything, from houses to cars and credit cards, so far they have done so without any damaging slowdown in job have done so without any damaging slowdown injob or growth wealth creation. the trouble is there is no sign of a living rolling off with consumer prices, inflation still high at over 8% and still the fed has focused on. and until it sees inflation c ....

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BBCNEWS World Business Report June 4, 2024 05:39:00

The world s biggest oil company saudi aramco has reported bumper results of $42. 4 billion in net income in its third quarter. the oil giant says it will pay out a big dividend or nearly 19 billion dollars, mostly to the saudi government. it s the latest in a series of oil companies posting big profits as a consequence of high oil prices driven up by the ongoing war in ukraine. in britain, the cost of making a cup of tea went up significantly as food prices continued to rise at record rates in october. the british retail consortium said costs for tea bags, milk and sugar all rose that s caused by higher costs for ingredients and energy, as well as worker shortages. businesses in the north wales island of ynys mon are calling for compensation for lost earnings due to the closure of the menai bridge. the local member of parliament says businesses, which rely heavily on incoming ....

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