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BBCNEWS World Business Report July 7, 2024

so let s get down to business and we begin here in the uk where families are brutally exposed to the effects of soaring inflation that s the conclusion of a report out today from the think tank the resolution foundation. it warns the very slow growth in wages since the 2008 financial crash has left families in the uk particularly vulnerable to high energy, food and fuel prices and those most vulnerable are families in rental accomodation, single parents and those with young children. i m joined now anna macdonald, fund manager at amati global investors. what s interesting about this report, we are not surprised to hear families are struggling, especially those in single parent homes, that kind of scenario but what i found interesting was uk households are worse hit than other countries. what does it say? it s an interesting report going back over time, working out that wages have been rising at a slower pace than several other developed economies. and that really go ....

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BBCNEWS BBC June 4, 2024

in later on tuesday. the indian election commission says a record 6a2 million people voted. exit polls have predicted a victory for prime minister narendra modi s bjp party, ensuring a third consecutive term for mr modi. cruising into this election, prime minister narendra modi. shouting. fuelled by adulation and a hindu centric ideology. his main opponent, rahul gandhi heir of a political dynasty, leader of indian national congress. before the elections kicked off, their bank accounts were frozen by the government. this is not freezing of the congress party s bank accounts. this is the freezing of indian democracy. congress built a coalition with dozens of other political parties to counter mr modi. they say the prime minister used intimidation to prevent a fair campaign. politicians were raided, chief ministers jailed. initially, the modi campaign was all about promoting his accomplishments, but quickly turned to islamophobic messaging. here, mr modi telling support ....

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BBCNEWS BBC News June 4, 2024 04:02:00

This is not freezing of the congress party s bank accounts. this is the freezing of indian democracy. congress built a coalition with dozens of other political parties to counter mr modi. they say the prime minister used intimidation to prevent a fair campaign. politicians were raided, chief ministers jailed. initially, the modi campaign was all about promoting his accomplishments, but quickly turned to islamophobic messaging. here, mr modi telling supporters, if the opposition wins, they will redistribute your wealth and give it to muslims first. they reject claims they re islamophobic, but divisive politics plays to his base. this, by the prime minister of a secular country, and the world s largest ....

Narendra Modi , Political Parties , Bank Accounts , Indian National Congress , Freezing Of Indian Democracy , Chief Ministers , Opposition Wins , Prime Minister ,

Opposition Wins in Argentina's Chaco Province

Opposition Wins in Argentina's Chaco Province
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BBCNEWS World Business Report June 4, 2024 04:38:00

Creates pressure on the exchange rate.- creates pressure on the exchange rate. creates pressure on the exchanue rate. ., , ., ., exchange rate. i was going to sa , the exchange rate. i was going to say. the lira exchange rate. i was going to say, the lira has exchange rate. i was going to say, the lira has been - exchange rate. i was going to say, the lira has been in - say, the lira has been in freefall and he s been very focused on his domestic audience at the international audiences looking at this and seeing an economy in crisis, is that not the case? institutional investors who typically can pop currencies have left the country long ago. they don t trust the monetary policy mix so it creates a very difficult balancing act the central bank. it s difficult to see an end to this unless rates increase or you see some change increase or you see some change in next year s election. unless erdogan has a mea culpa and decides what he is doing is wrong, orthe decides what he is doing i ....

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