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Transcripts For BBCNEWS Newsday 20240707

you normally do not see this in a g7 economy. and it s one of the most glamorous sporting events in the world formula one roars back into singapore this weekend. live from our studio in singapore. this is bbc news. it s newsday. it s 7 in the morning in singapore, and 7pm in the us state of florida, which has been hit by one of the most powerful hurricanes in the history of the united states with winds of up to 150 miles an hour. hurricane ian has torn a path of destruction through towns and cities, leaving more than 2 million homes and businesses without power, and experts warning of life threatening flooding. and it could cause more damage as it heads north into the carolinas, the storm system has regained hurricane strength. our north america correspondent, john sudworth, reports from fort myers. florida had been told to brace for a life threatening event and the city of fort myers was the first to feel the hurricane s power. at their peak, wind speeds reached ov ....

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Transcripts For BBCNEWS BBC News 20240707

hold onto breezy conditions wednesday into thursday, a cluster of weather fronts from the south bringing showers or longer spells of rain, spreading north through the day on thursday. where we have son, sunny spells, temperatures could be six or seven celsius above the norm, up to 21 celsius across southern and eastern areas, mid to high teens for the north. we hang onto that through friday and into the weekend. wet and windy weather moving north, a little brightness interspersed. more rain pushing north on sunday. some rain could be heavy, may be thundery. a little sketchy this far out, so stay tuned to the forecast. the outlook, stay mild throughout friday, saturday and sunday, heavy rain at times. stay tuned to the forecast. back to you. the reshuffle is under way in the new prime minister is busy working on ministerial appointments. we hear that wendy morton is out as chief whip and heading to the backbenches, jacob rees mogg and brandon lewis we reported earlier ....

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Transcripts For BBCNEWS World Business Report 20240707

if gas prices keep rising. fuelling controversy. opec slashes production to boost oil prices, sparking an angry reaction from president biden. plus too broke for beauty? women around the world say they are cutting back on cosmetics so how is the industry responding? we ll hear from a top entrepreneur. we start here in the uk, where as you ve been hearing, prime minister liz truss has been presenting her plans to boost the economy in her keynote speech to the conservative party conference in birmingham. she re stated her commitment to lowering taxes just two days after being forced to abandon a pledge to cut income tax for the highest earners. markets remain nervous about the outlook for the uk s finances under ms truss s government after the mini budget statement on september 23rd that sent the pound to a record low and borrowing costs soaring. but she argues the disruption will be worth it. whenever there is change, there is disruption. and not everybody will b ....

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Transcripts For BBCNEWS BBC News 20240707

to test whether space rocks that might threaten earth could be deflected out of the way. as far as we can tell, our first planetary defence test was a success, and i think we can clap to that, everyone. cheering. so. right? so, yeah, well, i. yeah, i think the earthlings should sleep better. ukrainians in four russian held regions have one final day to vote in a referendum that kyiv and its western allies dismiss as a sham. hello and welcome if you re watching in the uk or around the world. in the uk, chancellor kwasi kwarteng is meeting fund managers this morning after days of volatility on global markets. banks and building societies in britain have withdrawn some of their mortgage deals, and interest rates are expected to rise significantly over the coming months. so, what s caused it? well, the chancellor s mini budget last week has spooked the markets. it has been followed by a dramatic fall in the value of the pound. yesterday, it dropped to a record low against the us ....

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Transcripts For BBCNEWS World Business Report 20240707

more now on the day ahead in the uk, and we could know as early as this afternoon who the next leader of the conservative party is and therefore our prime minister. as you ve been hearing, borisjohnson has pulled out of the contest, saying the time isn t right and would not lead to much needed party unity. this leaves two contenders former chancellor rishi sunak and the leader of the house of commons, penny mordaunt, with mr sunak currently the front runner. by 2pm this afternoon if penny mordaunt hasn t got 100 backers or more, then rishi sunak is in post. if both candidates are still in play, then mps vote to state their preference. let s take a look at how the markets are trading today during asian time. we have the dollar versus again, i was hoping to show you the pound but the detail is not on that particular screen, when i looked at it months ago the pound was buying just over $1 13 cents, fairly steady versus the dollar and up slightly versus euro. joining me n ....

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