the answer for me was simple, because i truly believe that we can help now, and that we can contribute and we can play our vital role, which can however be very important in the history, in the history of royal mail, because this is a moment which is very decisive. the problem with royal mail currently has is that while it is almost dominant, or a monopoly provider of the mail distribution services, and hence the decline of the letter business. parcel business is a competitive business. allow me to remind you that in 2012, royal mail s market share owned the parcel business with 75%. it is 33% today. this is the problem of royal mail. the unions actually problem of royal mail. the unions actually fear - - problem of royal mail. the unions actually fear you don t care about letters, you only care about parcels may split the businesses? 140 only care about parcels may split the businesses? no way. no wa . split the businesses? no way. no way- and split the businesses? no
rate cuts by september from its current level of 5.25% to 5.5%. however, stubbornly high prices and a hotjobs market pushed back that timing. now citing better than expected economic data, it appears the federal reserve is getting closer to following in the footsteps of the european central bank and is preparing to cut rates, although mr powell did warn americans might have to get used to higher borrowing costs, suggesting that rates are likely to settle at a higher level than before the pandemic. in other news, there has been leaked data from disney, according to the wall streetjournal. the data came from disney s slack channels and included details on employment candidates and ad campaigns. disney has told the bbc that it is investigating the matter. china has reported slower than expected growth in the second quarter. that data was released as top leaders gather in beijing for a plenum meeting, where they are likely to discuss ways to revive a stagnating economy. the bbc s
now on bbc news, hardtalk. welcome to hardtalk, i m stephen sackur. sport is a massive global business, and the best athletes in the most popular sports earn mind boggling sums of money. but even they struggle to compete with the off field earning power of the promoters and agents, who wield enormous power behind the scenes. my guest is the veteran promoter barry hearn, who made his name in snooker and boxing and built a business worth hundreds of millions of dollars. has money spoiled sport? barry hearn, welcome to hardtalk. thank you. it s a pleasure to be here. well, it s a pleasure to have you on the show. you have spent a life in sport. was it all about business for you? no, i mean, it started off, and still remains to this day, a question of passion. making money is, you know, not easy sometimes, but you have a chance to do whateverjob you want to do in life. i suppose with me, i started off wanting to be a great sportsman, but then found out i didn t really have the ab
welcome to hardtalk, i m stephen sackur. sport is a massive global business, and the best athletes in the most popular sports earn mind boggling sums of money. but even they struggle to compete with the off field earning power of the promoters and agents, who wield enormous power behind the scenes. my guest is the veteran promoter barry hearn, who made his name in snooker and boxing, and built a business worth hundreds of millions of dollars. has money spoiled sport? barry hearn, welcome to hardtalk. thank you. it s a pleasure to be here. well, it s a pleasure to have you on the show. you have spent a life in sport. was it all about business for you? no, i mean, it started off and still remains to this day a question of passion. making money is, you know, not easy sometimes, but you have a chance to do whateverjob you want to do in life. i suppose with me, i started off wanting to be a great sportsman, but then found out i didn t really have the ability. so next best thing, l