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Transcripts For BBCNEWS Business Today 20241010 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
Transcripts For BBCNEWS Newsday 20241010 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
Transcripts For BBCNEWS The Context 20241010 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
hello, a very warm welcome to the programme. let s start here in the uk where, in a few hours from now, the next leader of the conservative party and the uk will be announced. we won t officially know who that is until 12:30 bst but we do know for sure that whomever takes the reins will have a monumental task, both economically and politically. rising inflation and the high energy prices will be at the forefront of voters minds, while businesses will be keen to see stability and a commitment to economic growth going forward. our economics editor faisal islam has been looking at some of the immediate pressing issues. this is the economic reality facing the new prime minister. inflation at 10% and heading higher on these official forecasts. it may even go above 15%. five or even ten times target. in the general economy is already falling and heading for a 1990s style recession, according to the bank of england. the core of it all, energy prices. in international markets ....
Abe and prudent talk about territory. Putin talk about territory. Rishaad the dollar is surging over levels havent seen in 14 years. We might be even weaker than that. Ophie the dollaryen was high i did look at jgb, 10 year highest since january. Rishaad gold also slumping, so this is what we have. Sophie lets take a look at how markets are doing today. Haidi the big ones are china, when we get the yuan today. Look at the bond market, the 10 year yield in china spiking the most on record. There are pretty significant moves in income, the 10 year yield on the japanese government bonds surging 0. 2 . That was the highest yield we have seen since january when they went into territory negative territory. The 16 is continuing to play out across asian markets. This is what we are seeing. Singapore stocks are coming online, 0. 3 higher. Withd a very strong day nonoil domestic imports. 11. 5 ,exports jumping and we were expecting a decline of 0. 2 electronics, climbing though the highest in ov ....