build: update babel monorepo to v8

[alan-agius4]

See associated pull request for more information.

Closes #33416 as a pr takeover

[gemini-code-assist]

Code Review

This pull request upgrades Babel dependencies to version 8 across the workspace, updating type imports (such as using 'PluginObject' instead of 'PluginObj') and removing deprecated configuration options like 'bugfixes' and 'useESModules'. The feedback highlights a critical compatibility issue with Babel 8: raw object plugins are no longer supported and will cause runtime crashes. Instead of using unsafe type assertions, the reviewer recommends wrapping these plugin objects in factory functions (arrow functions) to ensure compatibility and type safety.

[alan-agius4]

This PR was merged into the repository. The changes were merged into the following branches:

• main: 316cc20

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