Live Breaking News & Updates on The Business News|Page 4
Stay updated with breaking news from The business news. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
to spend less and we achieved that goal. was it everything i wanted? no. but sitting with one house, a democratic senate and a democratic president who didn t want to meet with us, i think we did pretty dang good for the american public. our correspondent, nomia iqbal, has the latest from capitol hill. there was a sigh of relief in the chamber when it was finally announced the bill has passed the house of representatives. remember, the magic number was 218. in the end, 314 voted yes, so they overwhelmingly backed the bill. in terms of breaking it down in numbers, ultimately more democrats supported the bill, 165. 149 republicans backed it. in terms of the republicans that opposed the bill, many of them were ones that we suspected, the ultra conservative members of the party, the house freedom caucus, who felt that the bill didn t go far enough in spending cuts. and then over on the democratic side, there were members of the more progressive parts of the party who voted ....
hello. i m victoria valentine. the un has said a 72 hour ceasefire between the sudanese army and a rival paramilitary group appears to be holding in some parts of the country. thousands of foreign nationals are still trying to get out of the country, with numerous governments organising evacuations of their citizens. this is the first uk evacuation flight landed in larnaca in cyprus with 39 people on board. another flight has landed in the last couple of hours. as thousands flee, residents in the capital khartoum have spoken of theirfears the world is abandoning them, with supplies of food, water and medicine running low. nearly all the shops in the city have closed. and residents say prices of even the most basic goods have doubled. live now to nairobi and our correspondent ferdinand omondi. the british prime minister has warned of a critical 2a hours as evacuation flights leave sudan. a temporary and shaky truce appears to be holding. what do we know of movement of tr ....
and inflation falls sharply in the eurozone. will the european central bank change direction as a result? welcome to world business report. i mjagdip cheema. let s start with an important trade deal, because the uk has struck a deal to join a trans pacific trade pact consisting of 11 countries. together, these pacific rim countries which doesn t include the usa account for 13% of global gdp. the pact it s called the comprehensive progressive agreement for trans pacific partnership aims to cut 95% of import charges or tariffs. the initial gains for the uk economy may be only marginal, though that s according to the government s own estimates. we re nowjooined by our global trade correspondent, dharshini david. on one hand these 11 countries account for 13% of the world s income, but for the uk it might only be marginal growth as a result, is this a big deal? this a big deal? really good question- this a big deal? really good question- ct this a big deal? r ....
hello and welcome to the programme. i m victoria valentine. we start with some breaking news from ukraine. local media is reporting loud explosions in kyiv and the surrounding region. no reports as of yet on any specific targets or damage, but there were earlier reports of explosions in cities from central ukraine to the mykolaiv region. air raid alerts sounded throughout the country. the uk ambassador to ukraine, dame melinda simmons, has tweeted: and these pictures on social media, shared by our ukraine correspondent james waterhouse, apparently show an apartment building ablaze in the town of uman, which is in central ukraine. the bbc has not yet independently verified the pictures, but they are being widely shared. both sides in the conflict in sudan have agreed to extend their ceasefire for another three days. the ceasefire had only been partly effective with heavy fighting taking place in parts of the capital, khartoum. almost two weeks of clashes between the two ....
now, for the business news, i m victoria valentine. we start in the us where there is more evidence that, after tens of thousands ofjob cuts, big tech is pulling out of its post pandemic slump. amazon is the latest to reveal it s making much more money than wall street was expecting. sales hit more than $127 billion in the first three months of the year, and the online retail giant says that figure will be higher in the current quarter. it comes after alphabet, the owner of google and youtube, and meta, which owns facebook and instagram, both surprised investors with better than expected results. samira hussain reports from new york. this over the last year and is on has been aggressively cutting costs to help with profitability. it has already laid off 18,000 people and is currently about to eliminate another 9000 jobs. currently about to eliminate another 9000jobs. it currently about to eliminate another 9000 jobs. it would appear that some of those measures are alrea ....