the global monetary pivot that was what some commentators were declaring on wednesday, after the us federal reserve said it had probably finished raising interest rates, and signalled it was planning to start cutting them next year. but clearly, neither the european central bank nor the bank of england got the memo. they left their rates on hold and said it was too early to talk about cutting them. in fact, here in the uk, three members of the bank of england monetary policy committee actually voted to raise the interest rate above its current level of 5.25%. the bank is worried that inflation the rate that prices are rising is still not under control. our economics editor faisal islam reports # last christmas, i gave you my heart.# liverpool s christmas market the festive spirit is here, but little sign of a marked upturn in the economy. people here continuing to have to cope with new surges in the cost of living, even as inflation slows. i sold my car last week. car
exports via the black sea for another two months. the existing deal was arranged last july to tackle a global food crisis caused by russia s invasion of ukraine one of the world s top grain exporters. it was due to expire today, thursday. arnaud petit, executive director of the international grains council says the extension is vital for many countries food security. you re right, it is very important to have this extension, particularly for north african, sub saharan african countries, which would import much more grains that we have seen in the past season, so really it s good news for them that they can already plan some buying contract with producers in ukraine and also in russia. and important, as you say, about russia because there maybe is a tendency to think that russia is just blocking those exports from ukraine, but this is also good news for russia, isn t it? indeed, both ukraine and russia exported 70 million tonnes of wheat during the current season and we ex
to allow millions of tonnes of grain exports from ukraine is extended just a day before it was due to expire. and chipping away at a new trade deal, the uk bets big on a semiconductor agreement with deal, the uk bets big on a semiconductor agreement with japan. hello, welcome, this is world business report, i m ben thompson and good news for the world, that is how the un secretary general as described an agreement with russia to continue allowing ukrainian grain exports via the black sea for another two months. the existing deal was arranged lastjuly, designed to tackle a global food crisis that was caused by russia s invasion of ukraine. one of the world s top grain exporters is of course ukraine. that deal was due to expire today, thursday. here is what the un chief had to say about the importance to world food supplies. these agreements matter for global food security. ukrainian and russian products feed the world. with the black sea initiative more than 10 million tonnes
we re only ten days out from a potential u.s. default, and there is still no deal on the debt ceiling. that s only step one. keep in mind it still has to clear congress quickly. another critical meeting between the president and house speaker just hours away. we re going to take you live to the white house and capitol hill. also ahead, the naacp issues a travel advisory for florida, accusing the state of being openly hostile towards african americans. details on the driving force behind that warning and how governor ron desantis is responding just ahead. and instead of walking across the stage to get her diploma, a transgender teen opts out of commencement after the school said she had to wear pants. we are following these major developing stories and many more all coming in right here to cnn news central. the federal government is running out of money and d.c. is running out of time to get america s accounts in order. later this afternoon president biden and speaker mc
liverpool, as the first eurovision semifinals are held, with sweden and finland emerging as top contenders. hello. i m sally bundock. donald trump has said he will appeal against his conviction for sexual abuse and defamation in a civil case in new york. the former us president described the verdict as a disgrace, but his victim, ejean carroll, said it was a victory for all woman who had suffered because they were not believed. and within the past hour, mr trump posted a video on the truth social website. here s a clip of what he had to say. i have absolutely no idea who this woman is! the verdict is a disgrace, a continuation of the greatest witch hunt of all time. absolutely a shame! donald trump there. our north america correspondent, nada tawfik, was at the court in manhattan and sent this report. ejean carroll did not speak as she left the court, but her smile said everything. it took thejuryjust under three hours to rule in herfavour, while they did not find that donald