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BBCNEWS Asia July 5, 2024

as inflation cools. from new york, our north america business correspondent michelle fleury sent this report. the december notes from the us central banks last meeting showed policymakers are feeling better about inflation. they agreed with investors that interest rates are at or near the peak for this cycle. they also agree it will come down this year. but they offered no clues as to how or when that will happen. to remind viewers, the federal reserve started raising rates in march 2022 to tame inflation. it did so 11 times, taking the benchmark rate to 5.5%. inflation, by the time of the last meeting, had dropped to 3.2% from a peak of 9.1%. meanwhile, new data out on wednesday showed the number ofjob openings in the united states fell to 8.79 million in november. this points to weaker demand for labour but is still well above pre covid levels. that is consistent with the fed s goal. to slow the economy without triggering a nasty recession. the feds first rate setting ....

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BBCNEWS Asia July 5, 2024

of their stance on the israel palestine conflict. this includes mcdonald s. the burger chain became a target after photos and videos on social media showing franchise stores in israel giving away thousands of free meals to the members of the israeli military. this resulted in calls to boycott the brand, from those angered by israe ls military response in gaza. owners in muslim majority countries such as kuwait, malaysia and pakistan put out statements distancing themselves. in a message on linkedin, mcdonald s ceo chris kempczinski wrote that the burger chain is experiencing a meaningful business impacted due to the war and associated misinformation. all of this in the middle east and beyond because of the war in gaza. he added, this is disheartening and ill founded, pointing that many of the restaurants are operated by local owners. he didn t elaborate on the scale of the impact, but mcdonald s has around 2,000 restaurants in the region. it isn t the only glob ....

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BBCNEWS Asia July 5, 2024

the closest estimation to sales figures. 0ur north american business correspondent reports. byd calls itself the biggest car brand you have never heard of. but that may be about to change. the chinese automaker sold more battery powered electric vehicles in the last three months of the year than tesla did. that is a first. the american company is facing headwinds, higher borrowing costs in the us led to slowing demand but its lesser known chinese rival is enjoying tail winds including a massive domestic market, cheap labour, and strong government support. and unlike tesla, byd makes its own batteries. so controlling that part of the supply chain gives byd more flexibility to cut prices which it did in the last part of the year, sending sales spiking. as my colleague has just reported, tesla s latest number puts byd ahead of the curve. the chinese ev maker reported around 3 million in sales last year but that number comprises both electric cars and hybrid vehicles. even ....

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BBCNEWS World July 5, 2024

the german shipping line hapag lloyd has said in the last couple of hours that it will continue to avoid the area for at least another week. it made the decision after another ship belonging to its rival maersk was attacked over the weekend. in that attack, houthi rebels based in yemen hit the ship with a missile and tried to climb aboard before the us navy intervened and sank the rebels four boats killing the crew in the process. the us military says there have been at least 23 attacks since mid november on a route that acconts for about 12% of global trade and which is now being avoided by several of the world s biggest shipping companies. let s unpack the latest on this with peter sand, chief analyst at the shipping analytics platform xeneta. thanks forjoining us. does this latest development suggests tha things are getting worse rather than better? you are hitting the nail on the head. we can see that from the direct developments on the platform where an esse ....

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BBCNEWS Asia Business Report June 4, 2024 02:41:00

Voice-over: bbc news - i bringing you different stories from across the uk. grace loves drawing, it helps her relax. she has autism and there are key items that help her regulate her emotions at home in bradford and at school. her phone and tablet are both crucial. i can take my mind off stuff, i can watch videos, it keeps me distracted. but these devices get broken regularly when grace gets agitated. if my phone has got the slightest crack in it, i don t like how it looks. it stresses me out. it is too much for me to think about. and my clothes, it is the same. i like stuff like this and stuff like that i don t like because it itches my arms. the costs quickly mount up for mum charlotte. breaking her ipad, - broken phones, another one isjumping on the bed, shel doesn t know her own strength. we have certain i clothes she likes. we buy them in bulk. ....

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