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Transcripts For BBCNEWS World Business Report 20240707

hello and welcome to audiences in the uk and around the world. i m victoria fritz. we start here in the uk, with warnings that the country is set for the slowest growth of the g7 nations next year. for context, the uk is not alone, the imf says the global economy will shrink for the first time since 2020, why? partly the pandemic, partly the warn in ukraine, but the risk of recession is rising, and the uk is vulnerable. here are the numbers. the imf has revised down its growth for next year, from 1.2% to just 0.5%. significantly behind the us and europe at over i%, and the globalfigure of 2.9% growth in 2023. so why would the uk fare comparatively worse? well part of the problem is the uk s reliance on fossil fuels, making up 76% of our energy mix, compared tojust under 60% across the eu. let s listen to the imf s chief economist. the one thing that worries me more about the uk economy is that their inflation numbers seem to quite high, there are quite high gas prices and wat

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Transcripts For BBCNEWS Talking Business 20240707

to save our environment. i will be discussing all of that with these two, the boss of the world s biggest metals trading exchange and the head of the mining investment firm specialising in the minerals to power our future. specialising in the minerals to power ourfuture. plus specialising in the minerals to power our future. plus closing the sustainability gap in electronic waste. i talked to the boss of a firm who uses the latest phone up grade to recycle bales from africa. wherever you are joining recycle bales from africa. wherever you arejoining me from around the world a big hello and a warm welcome to the show. since the start of putin s brutal invasion of ukraine we have all been learning the important part is russia s vast natural resources play in the economy. the effect of cutting them off has certain prices soaring across the globe. this has a devastating effect on the cost of living with energy and fuel prices skyrocketing. another consequence that will undoubtedl

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Transcripts For BBCNEWS World Business Report 20240707

the united nations has warned the conflict in ukraine could send tens of millions into famine, at the same time, egypt s finance minister warns that millions could die globally because of the food price crisis. the war is directly affecting global food supplies, especially wheat, maize, barley and sunflower oil. eu agriculture ministers will meet in brussels today to review the current crisis. joining me now is sean rickard, independent economic analysis. thanks very much for being with us, just how serious a threat as the war on global food supplies in your view? it is supplies in your view? it is serious but supplies in your view? it is serious but they supplies in your view? it is serious but they think - supplies in your view? it 3 serious but they think we ought to take care not to exaggerate the situation. obviously ukraine is one of the world s largest exporters of wheat and oilseeds and its ability to export has been severely curtailed but the rise in prices refle

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Transcripts For BBCNEWS The Papers 20240707

hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. joining me tonight. good to see you both again, thank you very much forjoining us tonight. let s have a look at tomorrow s front pages and bring you up to speed. the i has details of a drug test that has halved breast cancer cases and women who are post menopause. the nhs is planning to roll it out on a wider basis. the ft lead is tech tycoon putting his billion dollar bid to buy twitter on hold. the wagatha christie trial, and the revelation that she s put up with her husband in 2017. the government will scrap plans to ban cheap deals on unhealthy foods, that s according to the express in a move to tackle the cost of living crisis. take a brief smile, the ministerfor cost of living crisis. take a brief smile, the minister for efficiency is intensifying his campaign against civil servants working from home, published tomorrow, he claims staff may be using it to think long weekends and sta

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Transcripts For BBCNEWS BBC 20240702

Hello, im lucy hockings. Welcome to bbc news now, three hours of fast moving news, interviews and reaction. Israels military says it carried out a new ground raid in gaza overnight to target hamas fighters. Infantry and armoured units were accompanied by Helicopter Gunships as they entered eastern gaza city. These pictures, supplied by the idf, apparently show a Hamas Tunnel Being struck by a guided missile. Launch sites for anti tank missiles and command and control centres were also hit. The army said it killed a senior hamas commander and all israeli troops exited the area with no injuries. This is the second brief ground raid in as many days. The israeli Prime Minister Benjamin Netanyahu has insisted a full offensive is coming. The main un agency in the gaza strip is again warning its humanitarian work is becoming more difficult because of a lack of fuel in the territory. The head of unrwa says basic services are crumbling, with food and water running out and streets overflowing wi

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