In the lives of average sri lankans is still a long way off. As i travelled across the Island Nation from the coastal Fishing Towns to vibrant tourist hubs and central farmlands, i saw how the harsh economic realities have forced sri lankans to make tough choices. These are their stories. You like going to the sea . Yes, i like this. First the shortages and then a cut in the Government Subsidy has meant fuel is three times more expensive than last year, raising the risks for fishermen. Theres no guarantee they can cover expenses on every fishing trip. More than 250km south on the islands coast in arugam bay, The Tide Is Turning for some. Tourism is riding the first waves of recovery. In this town on the eastern coast of sri lanka, the peak of the economic crisis coincided with their main tourist season, hitting local businesses hard, and this Surfing Destination is still picking up the pieces. I started surf school a long time ago, so therefore i had some savings. So i put my whole sav
From 5 to 5. 25 . And for the first time, its suggested that rates will stay higher for longer in an attempt to drive down stubborn inflation the rising cost of goods and services by reducing the amount of money we have to spend. Although todays increase means Borrowing Costs are at their highest level since 2008, it follows an era of unprecedented low rates. In previous decades, rates were much higher we can see here that in the 1980s rates got up to 18 before gradually falling. The bank today cut its forecast for economic growth, though it said the uk will avoid a recession. In a moment, well hearfrom savers, as well as families trying to cope with increasing costs, but first, heres our Chief Economics correspondent dharshini david. From cafe says customers may resist rate as higher mortgage and rent payments bite, to Estate Agents grappling with a sagging housing market, the hit from Interest Rates is clear. But for a very small minority, that impact is Life Changing. Minority, that
Traders were also encouraged by new Inflation Data forjanuary that showed the smallest increase in goods and Services Prices for three years. That has added to bets that the Federal Reserve is on track to start cutting Interest Rates injune. Our north America Business correspondent Erin Delmore Reports from new york. All three of the major us Stock Indexes closed out february with a bang. The Tech Heavy Nasdaq Hit an all time high and it is the first time we have been able to say that since november 2021. Another new high for the s p 500. Both indexers enjoyed their best february high for the s p 500. Both indexers enjoyed their best february since 2015. The Dowjones Industrial Average for its part was up as well. That makes february the fourth straight month in the green for wall street and the Leap Day Boost was helped by some new Inflation Data. Well, the market today is reacting to a favourable continuation of inflation coming down in a trend towards the Federal Reserve s target.
I will start with the good news, at the rain has eased in beijing and the rain has eased in beijing and the Weather Forecast seem to be protecting a period with little or no rain. This Second Typhoon Due to hit in the coming 2a hours may not actually reach landfall in the same place it was thought to be approaching, and that Weather Pattern may not also reach a beijing. Meaning it would give the rescue team is here a bit of Breathing Space to get a real handle on this situation. The other thing that has been worrying them is that they have been finding that many of they have been finding that many of the people who were missing. The big concerns are that that et al. Could go concerns are that that et al. Could 9 up concerns are that that et al. Could go up quite a bit but with every new person makes phone, that is more good news. The Western Suburbs of beijing that there are still areas cut off where roads have collapsed, theres no electricity or water, and theres no electricity or wat