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BBCNEWS World Business Report July 7, 2024

we begin with the turmoil on financial markets today, the pound sterling continues to languish against the us dollar and several other currencies. the slide in its value was triggered by last week s mini budget, with its controversial package of tax cuts. let s get historical for a moment. we have records for sterling against the dollar going back through history, and in the early hours of monday morning it reached an all time low that is since the creation of the us currency in 1792. let s take a closer look at the past few days the dollar has been strong but this further drop down is about sterling weakness, with a bit of a recovery and then falling back again. you can see this dramatic few days, sterling weakness with a little bit of recovery before it fell back again. on friday and monday there were massive moves within a day, which for a currency like sterling is rare. and one of the impacts of a low pound means that we import inflation, oil and gas is more e ....

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BBCNEWS Breakfast July 7, 2024

awaiting visual confirmation. bullseye! nasa successfully crashes a spacecraft into an asteroid to see if it can push it off course in its first planetary defence mission. not quite lift off for england, but a second half comeback against germany sees gareth southgate s side produce a confidence boosting 3 3 draw in their world cup send off. good morning. another day of sunshine and showers. some of the shower especially in the north and north east will be heavy and thundery, windy again, and it will feel cool for the time of year. all the details throughout the programme. it s tuesday the 27th september. our main story. banks and building societies have withdrawn some of their mortgage deals because of the volatility on global markets. interest rates are expected to rise significantly over the coming months with analysts predicting they could edge up towards 6% next year. vincent mcaviney reports. a volatile start to the week for the pound and the uk. the early morni ....

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BBCNEWS BBC News at Ten July 7, 2024

it s tearing our margins to shreds, we are trying our best to absorb . what cost increases we can. but ultimately, because - the pressure the business is under, we expect to have to put prices up as a result. at the labour conference, the party outlines its own plans for the economy, including cancelling the tax cut for top earners. with a labour government, those at the top will pay theirfair share. the 45p top rate of income tax is coming back. we ll have the latest on the uncertainty over the government s approach to managing the economy. also tonight: in eastern ukraine, we report from the city of bakhmut the latest target of constant russian shelling. in the last few minutes we have been hearing incoming and outgoing shells every 30 seconds or so. it really doesn t stop. and england and germany play out a six goal thriller. and england and germany play out a six goalthriller. but and england and germany play out a six goal thriller. but still no win for the three ....

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BBCNEWS The Papers July 7, 2024

a nasa spacecraft is closing in on an asteroid in an attempt to change its course. it s a test of a technique to re direct any object in space which could cause damage by colliding with earth. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are author and journalist rachel shabi and political editor of the people and sunday mirror, nigel nelson. let s see what came in in the last 40 let s see what came in in the last a0 minutes or so. we will start with dft. with the financial times leads on the continued turmoil in the markets it says neither the government or the bank of england have been able to halt the fall of sterling. the metro appears to put the blame directly on the chancellor kwasi kwarteng the pound, it says, kwar tanks . the daily mail has a different scapegoat, however it blames city speculators whom it says have been making profits from talking the pound down. the i focuses on mortgage lenders pull ....

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BBCNEWS BBC News at Six July 7, 2024

the un launches an emergency appeal. it s chief says the region is a climate crisis hotspot. pakistan is responsible only for a tiny proportion of global emissions, but it tiny proportion of global emissions, but it is tiny proportion of global emissions, but it is people here who are paying the price but it is people here who are paying the price for climate change. meghan tells a us magazine thatjust existing was enough to upset the dynamics of the royal hierarchy. and coming up on the bbc news channel: scott parker is the first managerial casualty of the new premier league season, sacked by bournemouth after their 9 0 thumping at liverpool. good evening and welcome to the bbc news at six. there s more evidence today of the depth of the energy crisis. the impact on households is already self evident but what about businesses, especially high street stalwarts like pubs? now bosses of some of the uk s biggest pub chains have spoken out. they ve sent an open letter t ....

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