in the conservative leadership election. and the art of food, we ll tell you about the indian painter who makes work almost good enough to eat. welcome to bbc news, broadcasting to viewers in the uk and around the world. it s 8am in singapore, and 6pm in saskatchewan in canada, where police are searching for two suspects thought to have stabbed ten people to death. at least another 15 were wounded. the prime ministerjustin trudeau has described the events as horrific and heart breaking . the royal canadian mounted police say they are investigating 13 possible crime scenes. we can hear now from the assistant commissioner, rhonda blackmore, who was speaking at a police press conference a short while ago. at this point in our investigation, we have located tempted east individuals in 13 locations in the areas of james smith information and saskatchewan. several others have been injured, 15 of which at this point have been transported to various hospitals. there may be additiona
hello, a very warm welcome to the programme. let s start here in the uk where, in a few hours from now, the next leader of the conservative party and the uk will be announced. we won t officially know who that is until 12:30 bst but we do know for sure that whomever takes the reins will have a monumental task, both economically and politically. rising inflation and the high energy prices will be at the forefront of voters minds, while businesses will be keen to see stability and a commitment to economic growth going forward. our economics editor faisal islam has been looking at some of the immediate pressing issues. this is the economic reality facing the new prime minister. inflation at 10% and heading higher on these official forecasts. it may even go above 15%. five or even ten times target. in the general economy is already falling and heading for a 1990s style recession, according to the bank of england. the core of it all, energy prices. in international markets having
from soaring energy prices. welcome to bbc news broadcasting to viewers in the uk and around the world. it s 7am in the morning in singapore, and 5pm in the afternoon in saskatchewan in canada where police are searching for two suspects thought to have stabbed ten people to death. at least another 15 were wounded. the royal canadian mounted police say they are investigating 13 possible crime scenes. i m joined now byjason kerr who is the editor of the prince albert daily herald in saskatchewan. he saskatchewan. has been following this story he has been following this story from the start when the news came through just a short while ago. great to get you on the programme. give us a sense of what we know so far.- of what we know so far. people are dead- of what we know so far. people are dead. we of what we know so far. people are dead. we are of what we know so far. people are dead. we are also - of what we know so far. people l are dead. we are also concerned about 1
One china policy should be tied to trade. Prices, this Historic Deal to cut output. Oil jumping over 4 . Jumping to the highest since july 2015. Saudi arabia signaling it is ready to cut output more than agreed, while a nonopec countries including russia agreeing to pump less. Sophie we will have more about that deal in a bit, 30 minutes away from the open in china and hong kong. Singapore, taiwan, and malaysia coming online. What is going on in the oil patch . Game inhere is only one town, and it is demolishing every other safe haven. Gold retreating, bonds falling, all on the account of renewed Risk Appetite after the meeting between opec and nonopec members. Saudi arabias surprising the markets, saying it is willing to cut more than pledged. Russia and other noncartel members coming on board as well. Stocks, oil Energy Stocks leading the gains. Energyheavy markets like a straight up, the nikkei 225 getting that double boost, oil majors leading gains, but the impact of a weaker yen,
For the first time, but economics continue to struggle. And hsbc chairman says china is managing change extraordinarily well. He tells us what he thinks of trump policies. Indeed, thats going to be tracking markets, front and center, we have the whole Federal Reserve issue to be dealt with in the next 24 hours. Theres a 100 expectation that there will be a rate hike, its about what is going to happen in 2017. They say two rate hikes coming up. We can dive into it and see what weve got right now. The next rate hike possibly being as soon as february there as well. 86 chance of that happening after this one which is nearly a 100 probability of the high taking place there. Fed pretty much front and center. Seems like its going to be normalizing. We are 30 minutes from open in china and hong kong. Singapore, taiwan, just coming online. Heidi, how are the markets looking . Were looking a little bit mixed at the moment. Tokyo shares falling into the red, extending losses over the last couple