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BBCNEWS Asia July 5, 2024

good news but we need to put him in that contact. obviously, china is facing him in that contact. obviously, china is facing a him in that contact. obviously, china is facing a slow - him in that contact. obviously, china is facing a slow death - china is facing a slow death for that what you expect the government to do to try to boost the economy going forward? boost the economy going forward? ~ , ., , forward? well they made it very clear that 5.2% forward? well they made it very clear that 5.2% growth - forward? well they made it very clear that 5.2% growth was - clear that 5.2% growth was basically not working by stimulus as he said, china good immune system. it is very clear that she reach anything similar, which i think is what will be announced during the two sessions in march and we ve already seen additional local governments, expectations over a cut in the requirement ratio. some stimulus was cut butjust to barely make it to five it may be slightly belo ....

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BBCNEWS World July 5, 2024

that s according to the think tank, the high pay centre who have calculated that the average pay of top bosses will overtake the average full time workers annual pay by 1300 gmt today. joining me now is susannah streeter. happy new year. anybody looking at those and struggling on an annual salary of 34,963, the average, will be aghast. take a through the figures. be aghast. take a through the fiaures. . , be aghast. take a through the fiaures. ., , ., , be aghast. take a through the fiaures. . , ., ,, figures. it really does stick in the craw, figures. it really does stick in the craw. doesn t figures. it really does stick in the craw, doesn t it? figures. it really does stick in the craw, doesn t it? this figures. it really does stick in the craw, doesn t it? this has - figures. it really does stick in the i craw, doesn t it? this has come out today and at a time when the cost of living crisis is still swelling in the uk and the ftse 100 has also the uk and the ....

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BBCNEWS World July 6, 2024

rates to a 15 year high at 4.5% as it continues its fight against high inflation. and donald trump calls for republicans to let the us default on its debt rather than give way on biden s spending plans. hello. a warm welcome to the programme. this is world business report, i m ben thompson and we are going to start in the uk where the bank of england has raised interest rates for a 12th consecutive month. all of that as it tries to fight high inflation. uk interest rates were raised by 0.25%, while the bank said inflation would fall sharply in april but not as far or as fast as it previously thought. last month inflation slowed to 10.1% but that figure is still way above the bank of england s target. remember that target is 2%. let s speak to victorias, head of investment at interactive investor. lovely to see you. let s talk about what we have heard. first the interest rate itself because the interesting stuff is what the bank told us about what might happen next. a wi ....

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BBCNEWS Asia Business Report July 6, 2024

microsoft both unveiling quarterly report cards beating expectations. shares alphabet jumped after hours as the company announced that its scored a seven quarterly revenue rose to $69 billion. it s stock in microsoft got a britain extended trading with quarterly revenue mainly driven by growth in its clad competing businesses. dan ives is senior equity analyst at wentworth securities and says these are welcome news for the tech sector. ,, ., welcome news for the tech sector. , , ., ., ~ sector. some sunshine in a dark environment. sector. some sunshine in a dark environment. this sector. some sunshine in a dark environment. this reflects - sector. some sunshine in a dark environment. this reflects the l environment. this reflects the muscles moment for big tech in terms of what we saw from alphabet and microsoft, both on cloud and digital advertising. markets will be focused on this tomorrow. markets will be focused on this tomorrow tomorrow. the hottest thing a ....

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BBCNEWS World Business Report July 6, 2024

let s start in the us where inflation has been falling for the 7th month in a row. the rate forjanuary stands at 6.4% down from a peak of 9.1% injune last year. but the latest report from the us labor department also showed the pace of that slowdown is starting to ease. the bbc s north america correspondent michelle fleury reports from new york. inflation has been coming down on an annual basis. that s the good news. the bad news on a monthly basis, prices for consumer goods actually rose at the start of 2023, despite an aggressive campaign by america s central bank to bring it down. the consumer price index was up 0.5% injanuary, compared to a revised 0.1% increase in december. the cost of housing was to blame for more than half of the increase. higher food and energy prices also contributed. the stronger than expected report, coupled with a tight labour market, could force america s central bank to raise interest rates more than anticipated. and that certainly spo ....

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