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BBCNEWS BBC World News July 7, 2024

gangsta s goodbye the us rap star coolio dies at the age of 59. and proof that dogs really are man s best friend they can even tell when we re under stress. hello and welcome. one of the most powerful storms in us history has hit florida s southwest coast, with winds of up to 150mph and torrential rain. some towns have been almost entirely submerged under floodwater that hurricane ian, a category 4 storm has brought. our correspondent azadeh moshiri has this report. a life threatening hurricane is now barrelling towards america s sunshine state. and put millions under evacuation orders across the west coast. ian is unpredictable. it s already caused widespread damage in cuba, wiping out power to the country s entire grid, with some residents killed. but now its hurricane force winds are leaving the gulf of mexico and taking aim at florida s coast. this satellite image shows the eye of the hurricane packed with lightning. clearly, this is a very powerful, major hurri ....

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BBCNEWS World Business Report July 7, 2024

stock market debut. but is it the right time? as you ve been hearing, the uk government says it s sticking to plans for £45 billion of tax cuts despite turmoil on financial markets since the chancellor s mini budget statement on friday. it s seen investors dumping the pound and uk government borrowing costs soaring on growing alarm about the country s finances. on wednesday the bank of england was forced into an emergency intervention to head off a pension fund crisis. it will spend billions buying up uk government bonds to prop up their value and keep borrowing costs down. but as our economics editor faisal islam explains, it s only a short term solution. what started as an attempt to grow the economy with the biggest tax cuts in half a century led to havoc on currency markets more importantly on debt markets and then, within days, led to a tidal wave of interest rate rises, reaching every corner of the economy. in an emergency statement, the bank of england said. ....

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BBCNEWS World Business Report June 4, 2024 04:30:00

This is bbc news with the latest business headlines sticking to their guns no u turn on uk budget plans, say the chancellor and his team despite turmoil on the markets. we think they re the right plans, because those plans make our economy competitive. at the end of the day, that s ultimately what we have to do. what we politicians are responsible for is making the economic decisions that will drive continued growth. emergency intervention the bank of england says it will spend billions buying up government bonds to head off a pension fund collapse but there s chaos in the uk housing market as hundreds of mortgage products are withdrawn. also coming up. into the financial fast lane porsche gears up for a massive ....

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