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BBCNEWS Verified July 2, 2024

have reached the centre of gaza city and have destroyed more than a hundred entrances to a vast network of hamas tunnels. a spokesman said israel had also captured about 4,000 weapons including rockets hidden in civilian infrastructure and killed a major hamas arms manufacturer. hamas health officials say more than 10,500 people have been killed since the conflict began in gaza, nearly half of them children. israel has repeatedly warned palestinians to head south to greater safety, despite also bombarding that region. thousands of palestinian residents of gaza city are fleeing as israeli troops tighten their grip on the area. the israeli army released video showing a long line of people on foot, many of them waving white flags, some holding their hands in the air. explosions can be heard in the background. the us secretary of state has outlined what should happen when the fighting stops. antony blinken said gaza and the west bank should both be governed by the pales ....

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BBCNEWS Verified July 2, 2024

of england andrew bailey dismissed any hopes of an interest rate cut in the near term. speaking at a conference hosted by the central bank of ireland in dublin earlier today, bailey said that it s too early to talk about a rate cut, given the continued risk of inflation. also today the international monetary fund warned that rapid wage growth in the eurozone will also keep inflation higher for longer. the imf urged the european central bank to hold interest rates at or near record highs through next year to keep a lid on price pressures. here s one economist we spoke to earlier. i think the imf is very much in tune with what the european central bank has been saying, which is that although the headline inflation rate has come down a lot, the labour market is still strong, wage growth has been quite strong. and it s going to be a very difficult and slow process to squeeze out that last bit of inflation from the system. so, i mean, we re thinking interest rates are like ....

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