And well be looking ahead to the Eurovision Song Contest with a Special Report from the host city malmo. Live from london this is Business Today im lukwesa burak. Later this morning the uks First Quarter growth figures will be published. The uk economy grew slightly in february increasing hopes it is on its way out of recession, just. The economy grew by 0. 1 boosted by production and manufacturing in areas such as the car industry. On thursday, the Bank Of England boss said the Monetary Policy committee needs to see more evidence that price rises have slowed before cutting Interest Rates. Governor Andrew Bailey said, he was optimistic that things are moving in the right direction as rates were held at 5. 25 . I think it is. I am encouraged by all of this. Very encouraged that again we have to achieve an Inflation Target that is sustainable. That is ourjob and what we do. The news is encouraging. And what we do. The news is encouraging and what we do. The news is encouraging. Clearly y
The news comes after the boss of the Bank Of England, andrew bailey, said the economy had turned a corner, but wasnt yet in a strong recovery. For more on this im joined now byjackie bowie, head of europe at chatham financial. Where is this growth coming from . The good news is the Surprise Upside in gdp was actually very broad based. If you look across the different components of gdp we saw a good recovery in the Service Sector activity. Actually good recovery in Consumer Spending as well because obviously thats been a big focus with The Cost Of Living issue and of course then with inflation that we have seen over the last year as well. So i pretty broad based recovery and again it took some economists by surprise this morning. Are you breaking out the champagne now, are the recession time is completely behind us . It certainly looks like we completely behind us . It certainly looks like we have completely behind us . It certainly looks like we have exited completely behind us . It ce
Are you hoping to hear from toyota today . Toyota today . In terms of earnings. Toyota today . In terms of earnings, we toyota today . In terms of earnings, we expect toyota today . In terms of| earnings, we expect sweet results but in terms of actual results but in terms of actual result and march 2024, toyota guided roughly 4. 2 9 million operating profit but we expect them to exceed that profit. In terms of this fiscal year guidance for march 20 25, i would not be surprised if they provide a full time earnings, and that is something we are expecting for the result, under guidance. I koji sato has been in the chairand guidance. I koji sato has been in the chair and the chief Executive Chair for over a year. Executive chair for over a ear. ,. , , Executive Chair for over a ear. ,. ,. , Executive Chair for over a ear. ,. , ,. ,. , year. How easy performing and what are people year. How easy performing and what are people saying year. How easy performing and what are people saying about
Lot of his access but part of the reason a lot of its axis are in crypto currency and it is valued very highly at the moment and in recent months it has really gone up. Assets. Experts are saying that it is rare in bankruptcy cases for customers to get all of their money back. In this case they might get more than 100 of their money back but that will still be a long way off because of these Bankruptcy Proceedings will take some time. Will take some time. Thank you very much will take some time. Thank you very much forgetting will take some time. Thank you very much forgetting up will take some time. Thank you very much forgetting up to very much forgetting up to speed with those developments. Staying with the us. The chinese owner of tiktok has said it will sue the Us Government over a new law which requires it to sell the Video Sharing Platform or be banned in america. The company has called the legislation an extraordinary intrusion on free speech rights. From new york, Michelle Fle
Preventing the growth of native organisms. Scientists say it appears to thrive in our warmer waters. It shows just how fragile some of our marine ecosystems can be. Justin told us more, from anglesey in wales. All these records are important because what they tell us is the story of ever increasing temperatures, but the run of records that we have had isjust extraordinary. As you say, 11 months and a new Monthly Record for temperatures in the air, and new treatment year where every single day has been a Record Temperature for the day, and these have not been broken by a small margin, theyre not being edged past, they being smashed, so around 47 days over the course of the last year, the temperature, the previous High Temperature, the previous High Temperature was exceeded by no. 3, a third of a degree, celsius. That may not sound much, but we are talking about a global average of all the oceans are nice, so that is a huge margin, it tells us is steadily over the years Global Temperatur