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Transcripts For BBCNEWS The 20240704

For each of our current employees across the police service. I understand that that will be of considerable concern to many of my colleagues, and their families at the moment. We operate in an environment at the moment where this is a Severe Threat to our colleagues in Northern Ireland related to terrorism and this is the last thing that anybody in the organisation wants to be hearing this evening. So i owe it to my colleagues to investigate thoroughly and weve initiated that, well keep the police board informed and all the Staff Associations informed of that investigation. And weve been engaging with them throughout the afternoon. The information was taken down very quickly, but nevertheless i do appreciate the concern that it will cause. Well seek to find the extent to which that has been viewed, but what i would say is that of the error was our own, once that information was out there if anybody did have access to it i would ask them to delete it straightaway. We will have more reac

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Transcripts For BBCNEWS World 20240704

The value of imports also fell by more than expected. Down 12. 4 onjuly a year ago, but that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period as the country continued its post covid recovery. And last month chinas struggles were cited as a key concern for the Global Economy when the International Monetary fund updated its Global Growth forecast for this year to 3 . David woo is a former imf economist and wall street strategist, hejoins me now from tel aviv. Its a grim picture for china, isnt it . The third consecutive month of decline. Whats going wrong for them . ,. , decline. Whats going wrong for them . ,. ,. ,. , them . Some people are going to say its ust them . Some people are going to say its just basically them . Some people are going to say itsjust basically a them . Some people are going to say itsjust bas

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Transcripts For BBCNEWS World 20240704

I mean, these figures for trade are actually even worse than economists had anticipated in terms of exports. Its the weakest data since back in february 2020, when china, of course, was right in the thick of the pandemic. Why is this data so bad . Well, its mainly to do with chinas customers abroad. Theyre really struggling with high inflation, high Interest Rates. So theyre spending less money on chinese goods. And if youre a policymaker in beijing, well, its difficult to say what you should do about that. You cantjust force other countries to start buying more of your goods. But theres also more to contend with. If you look at the spending within china, thats also looking not very encouraging at the moment. Tomorrow, were expecting some more figures to be coming out, which will probably show Deflation Prices actually going down in china. Thats a bit more difficult to explain. But there are some people who think that chinas Zero Covid Policy went on for so long that customers just are

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Transcripts For BBCNEWS World 20240704

A persistent Gender Pay Gap and sexism in the city as bad as ever, is there much for the Business World to celebrate . And, groomed for success how the pampered pooches at crufts are part of a booming pet economy tipped to hit half a trillion dollars by 2030. A very warm welcome to the programme. The greatest Comeback Story never told thats how President Biden has described his handling of the us economy, as he delivered his state of the Union Address in the last few hours. It is a Comeback Story for sure. Since the president took office in 2021, the us has put the pandemic firmly behind it, performing better than most other developed economies, with strong jobs growth and buoyant consumer spending. But that is not how Many Americans see it. Soaring inflation means the cost of living is simply much higher than when he took office. And the polls reflect that. President biden s average Approval Ratings are at a record low ofjust 38 . When asked in an nbc poll who would do a betterjob ha

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Transcripts For BBCNEWS World 20240704

And early noughties. Now this comes hot the heels of Dissapointing China Trade data on tuesday showing exports sank at their fastest rate since the pandemic. Global demand for chinese made goods is falling, down more than 14 in the year tojuly. But domestic demand is down too with imports also falling by more than 12 in the same period. Joining me now is janet mui, head of market analysis, Rbc Brewin Dolphin where is this deflation coming from . Good morning, thanks for having me. So, this Deflation Data is mostly coming from food. And also commodities prices like raw materials, energy etc. Actually, if you look at the underlying deflation, things Like Services and tourism and leisure, hotels. Actually, they are up, the Core Inflation is up from 0. 4 to 0. 8 . But obviously, its still pretty muted. Overall, it is a concern that china prices are contracting and it could be lasting for a while as well. , ~ , could be lasting for a while as well. , ~ ,. ,. , well. How likely is it that ch

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