we start here in the uk, where in the next few hours prime minister liz truss will unveil a multibillion pound plan to protect consumers and businesses from soaring energy prices. typical household energy bills could be capped at around 2,500 pounds a year, with companies also likely to get help. but the cost of subsidising bills is likely to be astronomical. the prime minister has ruled out tax increases, and further windfall taxes on energy firms. so, it could mean extra government borrowing of at least a hundred billion pounds. our business editor simonjack has more. heat means energy means bills, huge bills. this woman employs so many people at her glassblowing business but won t belong without an edgy lifeline. ~ , belong without an edgy lifeline. y , ., belong without an edgy lifeline. g , ., lifeline. my staff are terrified lifeline. my staff are terrified not - lifeline. my staff are terrified not only - lifeline. my staff are terrified not only fori lifeline. my
this is bbc news with the latest business headlines for viewers in the uk and around the world. emergency switch. the uk unveils plans to cap soaring energy bills. but who should pick up the tab? another pounding on the markets. sterling slumps to its lowest against the us dollar since 1985. playing catch up. europe braces for a record rise in the cost of borrowing, with more to come. plus gadget envy or upgrade fatigue? apple launches expensive new iphones and watches, but will consumers want to splash the cash this winter?