the government confirms it is supplying ukraine with the long range missiles it requested for its fight against russian forces. and the australian immigration lawyer taking on eurovision tonight. at 6.30: concerns of how the cost of living crisis will make access to health care worse in london s poorest areas. and rail strikes make an unwelcome return tomorrow. we look ahead to semifinals. the bank of england has raised interest rates again, as it tries to stop prices rising so high. but the bank s governor has warned that prices will not fall nearly as fast they had predicted though he says the economy won t now go into recession. have a look at what has happened to interest rates over the past 15 years. these here were booming times before the financial crash. the economy was growing, there was a house price boom and the bank raised rates to try to damp it all down. and then this steep fall after the crash, with the bank of england trying to save the economy by slashing
A european car colossus in the making. Frances Peugeot Citroen is poised to buy General Motors european business, including the opel and vauxhall brands. Chinas premier cuts the Economic Growth target for this year. We look at the risks to the worlds second largest economy. Welcome to World Business report, im sally bundock. Also in the programme Deutsche Bank plans to raise billions of euros in a share sale. Details in a moment. General motors is set to announce a deal to sell opel and vauxhall to psa group, the French Company that owns peugeot and citroen. Both companies are hosting a Press Conference in paris later this morning. Buying gms Loss Making European Operations will make psa the continents second biggest car maker, after volkswagen and ahead of french rival renault, and it will be a giant. Last year psa and gm europe sold a combined a5 million vehicles, and posted revenues of 71. 6 billion euro. But the deal has already raised fears in the uk the jobs of 4,500 workers at v
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Investment firm SoftBank is reportedly betting big on artificial intelligence (AI) through a joint venture with Symbotic. AI is making headlines with the…