and at the commonwealth games it was gold for scotland s eilish mccolgan, in the 10,000 metres last night, and for england s katarina johnson thompson, who became hepathlon champion. hello and welcome to bbc news. the mother of 12 year old archie battersbee says the legal battle to postpone the withdrawal of her son s life support has come to an end. it comes after the european court of human rights refused an application to delay the withdrawal of his treatment. his family now wants him to be taken to a hospice as louisa pilbeam reports. she says she ll fight for him until the end. but archie s mum accepts she s now at the end of her legal fight for her son s life. 12 year old archie has been in a coma on life support since he was found unconscious in april. last night, the european court of human rights refused to intervene to stop that life support being withdrawn, ending the family s last hope. absolutely devastated. frustrated, angry. let down. so many emotions. hollie
in response to a us senator s visit to the island. the family of archie battersbee seek permission to move him to a hospice doctors warn this carries significant risk. and how disposable facemasks are blighting birdlife in 23 countries around the world. and coming up in sport on the bbc news channel. england s anna henderson wins the first home nations medal on day seven at the commonwealth games, taking silver in the women s cycling time trial. good afternoon and welcome to the bbc news at one. the bank of england has predicted that the uk is set to enter a recession this autumn lasting more than a year. it says inflation is likely to peak at 13% later this year and today it has announced the largest rise in interest rates for 27 years. the 0.5% hike means that interest rates now stand at i.75%. the move is part of attempts to curb spiralling inflation, by making borrowing more expensive and discouraging spending. but it makes mortgages and loans more expensive for million
top of a brand new hour on cnn newsroom. goold good to have you with me. i m victor blackwell. plunging stocks, rising prices, recession fears. the s&p 500 entered bear market territory, dropping 20% from recent peaks. one bear market in the last 50 years was not accompanied by a recession. cost of living keeps rising, home prices are driving rents to a high. 17% from last year. gas prices are soaring. the national average, 4.59 per gallon, $0.30 more to fill up the tank than the day before russia invaded ukraine. let s start with the s&p 500 now into bear market territory today. what could that mean for the economy at large? well, victor, this is a flashing red light about the u.s. economy. if the s&p 500 closes below 38 s 38.37, and you can see it s trading just above there, if it closes below, it s officially a bear market, a 20% decline from previous highs. this would mean that the bull run that began in late march 2020, would be over. this is a big deal because bear ma