the annual rate at which prices have been going up. inflation peaked at more than 10% last year, forcing the bank to raise interest rates aggressively to try and bring it under control. but it has since fallen sharply. and on wednesday, official figures showed it was down to 3.9% in november, the lowest rate in 2 years, and far lower than expected. that s raised hopes the bank of england will be soon able to start cutting the cost of borrowing, easing pressure on businesses and households. here s our economics editor, faisal islam. arp and now sharply down. over the past year, inflation in britain seemed like a runaway train. but it s now coming into land faster than expected. here and beyond. it has been a hard year or two for her with hundreds closing and some say prices are now stabilising. inflation is definitely killing us. the rise has gone up 15%. and behind you? us. the rise has gone up 1596. and behind you? up-and-down, i remember and behind you? up-and-down, i re
the kremlin is calling it an alarming situation. at least one person killed, six others injured in strikes in russian territory. what the buildup to ukraine s counter offensive says about where this war is headed. 2024 republican presidential candidate ron desantis is on the trail in iowa. ahead, his message to former president donald trump. so it looks like a scene out of fast and furious. a car launches off the end of a flatbed tow truck and flips through the air. so why on earth did that even happen? this is cnn news central. so this just in to cnn. an important development for those counting votes on the deal to avoid a u.s. default. democratic representative pramila jayapal, the chair of the house progressive caucus, says she will not support the deal. she is a no. this, as house democrats are meeting behind closed doors right now. cnn s manu raju is with us on capitol hill right now. all right, manu. where does that put things as the morning moves on
of blockbuster testimony, donald trump s civil fraud trial in new york is almost over. closing arguments are set for next month. what could it mean for the business empire of the quadruple indicted, twice impeached disgraced former president? profiles in courage the georgia election workers who stood up to rudy giuliani and the lies he told about them. one of the attorneys for shea moss and ruby friedman joins me live to discuss their epic victory and what is next. baseball s 700 million dollar man, shohei ohtani s stunning contract with the l.a. dodgers and how his structured payout is poised to change the game. we will go inside the biggest deal in sports history. all of that and more is coming up. a good sunday morning to you all. i am katie phang. we begin today s show with the latest in the new york attorney generals 250 million dollar civil fraud trial, ju o of the cases in donald trump s expensive portfolio of legal troubles. on wednesday, we saw the last day o
we start with an emphatic win for manchester city who ve beaten the 1a time winners real madrid 4 nil to reach the final of the european champions league against inter milan. 5 1 on aggregate. it s the one trophy pep guardiola is yet to win at city, in a season where they re chasing a treble. twice beaten at this stage by real, this was finally city s night, our sports editor dan roan was watching at the etihad stadium: this will spill as a battle between the two best sides in the world. but in truth, there was only really one team ended. it did seem tantalizingly poised, this champions league semifinal second leg after the 1-0 semifinal second leg after the 1 0 drawl in madrid by manchester city were way too strong for the champions, the winners of this competition real madrid running up to 4 05- real madrid running up to 4 05 one on aggregate and it means that manages pap guardiola slide deemed emphatic compelling revenge against the side that knocked them out of this
back to our may news over the course of the last few hours. prince harry s spokesman says he, his wife meghan and her mother were involved in a near catastrophic car chase while being followed by photographers after an event in new york. a statement says the pursuit lasted more than two hours and resulted in multiple near collisions last night, the duke and duchess of sussex and ms ragland were involved in a near catastrophic car chase at the hands of a ring of highly aggressive paparazzi. this relentless pursuit, lasting over two hours, resulted in multiple near collisions involving other drivers on the road, pedestrians and two nypd officers. these pictures have just come in a warning there s flashing photography. they show prince harry and meghan leaving the gala in new york. on leaving the gala in new york. tuesday night. thoss recently on tuesday night. those pictures are recently ended and we have also been hearing in the last little while new york s mayor, eric ad