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BBCNEWS World Business Report July 7, 2024



hello and welcome to audiences in the uk and around the world. we start here in the uk where the bank of england is poised for the biggest rise in the cost of borrowing for 27 years to rein in the soaring cost of living. economists expect the central bank to raise its main interest rate by half a percentage point something it hasn t done in one go since 1995. that would take it to 1.75% the most expensive borrowing costs the uk has seen for almost a decade and a half with further steep rises expected. it comes as a leading think tank has warned inflation could hit 15% before it starts to ease next year. george buckley is chief uk & euro area economist at the investment bank nomura. i assume you are with the majority and you think is half a percent rise today is a given? i a percent rise today is a civen? ~ , a percent rise today is a civen? ~ , ., a percent rise today is a . iven? ~ , ., ., given? i think it is going to happen. given? i think it is going to h ....

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BBCNEWS BBC News July 7, 2024



and at the commonwealth games it was gold for scotland s eilish mccolgan, in the 10,000 metres last night, and for england s katarina johnson thompson, who became hepathlon champion. hello and welcome to bbc news. the mother of 12 year old archie battersbee says the legal battle to postpone the withdrawal of her son s life support has come to an end. it comes after the european court of human rights refused an application to delay the withdrawal of his treatment. his family now wants him to be taken to a hospice as louisa pilbeam reports. she says she ll fight for him until the end. but archie s mum accepts she s now at the end of her legal fight for her son s life. 12 year old archie has been in a coma on life support since he was found unconscious in april. last night, the european court of human rights refused to intervene to stop that life support being withdrawn, ending the family s last hope. absolutely devastated. frustrated, angry. let down. so many emotions. ....

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BBCNEWS BBC News July 7, 2024



widespread and heavy for northern ireland, western scotland, a few getting in to the north west for england and wales but still dry where we need that rain. temperatures 8 111, a comfortable night ahead, and tomorrow, weather wise it s almost exactly a carbon copy repeat of what we ll have to day. we ll see further showers for scotland and northern ireland, maybe a few for the north west england and wales but the further south you go across the midlands, southern wales, east anglia and the south, it s another dry day with sunshine and temperatures not really changing much either, where the sunshine comes out it will continue to feel pretty warm. it means for the commonwealth games tomorrow, no problems for the athletics, almost perfect conditions with like winds and lots of dry weather. for the start of the week and something of a change for the north of scotland with thick cloud on the way here with thick cloud on the way here with the weather front moving in, we ll se ....

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BBCNEWS BBC News July 7, 2024

as europe faces a very challenging winter ahead. that s alongside a projected interest rate hike later in britain for the sixth time in a row. fears of an extreme drought across europe grow as the severe heatwave tightens its grip. hello and welcome if you re watching in the uk or around the world. taiwan s defence ministry says china has fired multiple ballistic missiles during a set of military exercises in the air and sea encircling taiwan. beijing launched the drills in response to a visit by nancy pelosi the most senior us official to go to the self governed island in 25 years. the exercises are taking place in some of the world s busiest waterways. taiwan sees itself as independent, but china views it as its own. china s foreign ministry said nancy pelosi s visit to taiwan was a violation of the one china principle and justified its military exercises by blaming the us for the rising tensions in the region. translation: china has repeatedly made clear our stern op ....

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BBCNEWS BBC News July 7, 2024



hospice. china launches several ballistic missiles into waters around taiwan following a senior us leader s divisive visit to the island. the bbc announces an independent review into the allegations surrounding tim westwood, and his conduct when he worked for the company. and how disposable face marks are affecting birdlife in 23 countries around the world. the bank of england has given a very downbeat assessment of the state of the economy, warning that it will fall into recession this year. it forecasts the economy will shrink in the final three months of 2022, and keep on drinking until the end of next year. inflation, the rate at which prices rise, which the bank forecasts will rise to over 13%, driven by the sharp rise in energy bills. in an effort to curb soaring prices, the bank of england raised interest rates by 0.5% to i.75%, the biggest in 27 years. our economic editor has this report. prices are inflating, interest rates are going up and the economy in gener ....

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