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
hello and welcome to audiences in the uk and around the world. we start on wall street where stock markets have suffered their worst first half of the year in more than five decades. as of the close on thursday, the s&p 500 index of top us firms has lost more than 20% between january and june, a sell off on a scale not seen since 1970 when president nixon was in the white house. for the tech dominated nasdaq, it s been even worse a near 30% fall for the first half is the worst in its history. from new york, samira hussain has more. the sell off of the stock market over the last six months has been brought. it is not just one sector bearing the brunt of losses, but a range of companies from disney to apple tokamak target. the latest economic data indicates actually the road ahead may be getting even bumpier. the federal reserve s regional bank in atlanta has been closely watched for the gross domestic product and gdp, which today signalled that the us economy will have shrun
Bus drivers prepare for strike in Hesse, French President Emmanuel Macron raises alarm over the rise of the far-right in Europe during Dresden visit and more news from around Germany on Tuesday.
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