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BBCNEWS World July 5, 2024

because the boss of us chip giant intel has warned of a turbulent world this year. pat gelsinger has been speaking to our economics editor faisal islam at the world economic forum in davos. he said the current disruption to red sea shipping is another reason they were right to invest billions building factories in the us and europe rather than relying on asia. it s going to be a turbulent world, right? and obviously ukraine is still active, the israel situation, maybe broader implications in the middle east, obviously us china tensions. you know, it s a turbulent world in that regard. i think most view the economy probably a little bit slower to start with, some acceleration as we go through the year. and our strategy is very much around building resilient supply chains so that we re better prepared to handle some of the turbulence that we think is at least currently consistently seen year after year. just when we think things are calming down, it s not entirely c ....

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BBCNEWS World July 5, 2024

which is around 1% of global supplies. opec plus countries which account for around 40% of the world s crude oil said they would cut production by some 1 point 4 million barrels per day from the start of next year. but not all members of the cartel were happy, with nigeria and angola both wanting to raise production rather than cut it. here s our middle east correspondent sameer hashmi on some what can this mean for prices around the world? here s our middle east correspondent sameer hashmi on some of the fissures within opec plus, and the differing priorities of some key members. before the meeting started on saturday, it was widely expected that the whole group would make cuts deeper prices. but that didn t happen. saudi arabia was quite keen that the whole group implements those cuts from july, but as you were mentioning, a lot of members were not in favour of that because if they cut down production, it s going to impact their oil revenues, which is going to impact ....

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BBCNEWS World July 5, 2024

barrels per day injuly, which is around 1% of global supplies. opec plus countries which account for around 40% of the world s crude oil said they would cut production by some 1.4 million barrels per day from the start of next year. but not all members of the cartel were happy, with nigeria and angola both wanting to raise production rather than cut it. sameer hashmi is our middle east business correspondent. let see how prices are faring just now. brent is currently up 1.5% so far in the day but keep an eye on it because there is a lot of volatility as you might expect as investors and traders try to work out exactly what the production cut could mean. sameer hashmi is our middle east business correspondent. perhaps not unexpected, this is what we expected, it cuts production and keeps prices up and we know how reliant many are on the revenue it creates but it will not go down well around the world. two creates but it will not go down well around the world. create ....

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BBCNEWS World July 6, 2024

real frenzy of activity around this case. so, i promise we will return to that as soon as we have it. let s turn our attentions to the united states. the house of representatives has approved a deal to allow the us to borrow more money, days before the world s biggest economy would have started defaulting on its debt. the measure passed the chamber by a vote of 314 to 117, with defections on both sides of the aisle. the us senate must vote on the bill later this week before presidentjoe biden can sign it into law. joining me now is martin baccardax, senior editor, thestreet.com. was it game, set and match to biden on this deal? i think, to some degree, he can claim an incredible victory here, although ultimately he did want to separate this debt ceiling negotiation from his budget, and he had to concede at least some spending cuts along the way. so, he didn t get precisely what you wanted, but as you indicated, there was tremendous bipartisan support for the deal, inclu ....

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BBCNEWS BBC July 6, 2024

and opposition syriza party battle for power in the country s parliamentary election. rishi sunak says he hasn t spoken to his home secretary, suella braverman, amid claims she asked civil servants to help her avoid a speeding fine. saudi arabia is set to make history as the country sends its first ever female astronaut to the international space station. hello, i m krupa padhy. welcome to bbc news. president zelensky has thanked g7 leaders for their enduring support of ukraine. speaking at the end of a summit injapan, mr zelensky said that russia s defeat would result in lasting world peace. he also insisted russia does not occupy the embattled city of bakhmut. it comes after conflicting reports of who is now in control of the eastern city. russian president putin has congratulated the wagner mercenary group of capturing the city. our asia pacific correspondent, laura bicker, sent this report from hiroshima. this president knows the cost of war. as he paid tribute to t ....

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