Hello, im sally bundock. It all sounds a bit fishy, we will get to that a little later stop. Lets get down to business, and we begin with the rising price of oil which is pushing up the cost of living globally. With tensions on the Ukraine Russia border not easing, markets are betting demand for oil could go up, and, recently, we saw the price of the black stuff hitting its highest level for 7 years, and this impacts everything from fuel to food bills. Today, the members of the Oil Cartel Opec and other oil producers, will meet. So will they change their Decision Making on Oil Production . And what pressure are they under as well. As you can see from this graph, though, oil has been on a steep upward trajectory over the past year with some analysts now predicting it wont be long before it hits 100 a barrel. Well, there are three main reasons. Firstly, theres now growing optimism about the speed at which the Global Economic will recover from the coronavirus pandemic. Secondly, geopoliti
we will hear from nigel mansell in a moment, a former world champion and ferrari driver but first here is our formula 1 correspondent. we thought he would see out his career at mercedes and that would be how he would spend the rest of his days. this move to ferrari something that tempted him and has been a temptation for his whole career. he has always flirted with the idea of being a ferrari driver. he owns ferraris as well. and this seems to be a good time for him to move. the regulations are changing in 2026 as we have already heard, and he has done this before. he has lined up a move and almost found the time for that move before it was due to happen. and it seems like he is pre empting what is going to happen in 2026, and hopefully, for him, and of the world championship. i think the timing could be right for lewis hamilton because ferrari has been knocking on the door of the world championship for the last four or so years so they are ready to win and i m sure if lewis
as the difficult post covid recovery continues to weigh on demand. so that s the picture on the factory floor when it comes to what consumers are facing when buying goods and services the consumer price index was unchanged year on year, compared with a slight gain in may, the slowest pace since february 2021. the us treasury secretary janet yellen has just left beijing following a four day visit in an attempt to bridge us china trade relations. she told reporters just before leaving china that despite significant disagreements, the relationship between both countries was moving towards a surer footing. my my purpose is to make sure that we do not engage in a series of unintended escalatory actions. that will be harmful to our overall economic relationship. with one another. and we have had very little contact, both senior officials and also just the american people and the chinese people, have had very little contact with one another over the last several years. in part
the health secretary steve barclay is here too. and we ll hear from the first female astronaut heading to the moon. morning. with you and me for the next 60 minutes science presenter michael mosley, who trained as a doctor. former health minister james bethell. and campaigner for kids safety, beeban kidron. both of you members of the house of lords. if we look at the front pages, they are all over the place. the sunday telegraph has a story about electiry pylons. but that picture of the prime minister, the future king, and the other future king stuffing his face with pizza at the cricket is in the papers. the mirror leads on the sixth supect in the stephen lawrence murder case, a story that the bbc broke last week. stephen s friend duwayne brooks says the suspect was there. the sun newspaper talks about zac goldsmith and his friendship with p0p goldsmith and his friendship with pop star ellie goulding. he made the news quitting the government with a blast at rishi sunak on
out and attacked the privileges committee, using very strong language. if we park for one moment, the rights and the wrongs and just leave with the impression that isn t this going to undermine trust in the political institutions? dozen that have echoes of what we have witnessed over in the us? doesn t that? i witnessed over in the us? doesn t that? ., ., , ., witnessed over in the us? doesn t that? ., ., , a, , that? i want to understand your question. that? i want to understand your question, exactly, that? i want to understand your question, exactly, are - that? i want to understand your question, exactly, are you - question, exactly, are you suggesting that his criticism of the privileges committee, in of itself, undermines confidence in political institutions? i undermines confidence in political institutions? institutions? i was referring more to the language. institutions? i was referring more to the language, kangaroo - institutions? i was referring mor