shares in the swiss banking giant credit suisse fall to a record low as investors remain worried after the collapse of silicon valley bank. a high court in pakistan orders police to halt their operation to arrest former prime minister imran khan until thursday, following clashes between police and his supporters. conflicting accounts from washington and moscow as a us drone crashes into the black sea after an encounter with russian fighter jets. and a small number of wolves settle in belgium for the first time in more than 100 years as numbers rise across europe. hello. we start here in the uk where the chancellorjeremy hunt has been setting out his budget, pledging to build for the future . the uk economy is set to shrink this year, but it is no longer expected to enter a recession. mr hunt also says the inflation forecast is to fall from above 10%, to just under 3% by the end of 2023. but the labour leader, sir keir starmer, accuses the government of dressing up stagnat
welcome to world news america, in the uk, on pbs, and around the globe. we begin here in washington, where the us defense secretary had a rare phone call with his russian counterpart in the aftermath of a collision between a russian warplane and an american surveillance drone. russia s security council says it will try and retrieve the wreckage of the us drone that crashed into the black sea on tuesday. moscow has told washington to keep well away from its air space, as the two sides blamed each other for the incident, which took place in international air space near territory russia claims to have annexed from ukraine. the us says russian fighterjets intercepted the drone, causing it to crash, but moscow denies this. a senior official in washington says the us is also assessing whether it can retrieve the drone, which is in very deep waters. the us defense secretary said today the episode was part of a pattern of aggressive, risky and unsafe actions by russian pilots in in
pledging to build for the future . the uk economy is set to shrink this year, but it is no longer expected to enter a recession. mr hunt also says the inflation forecast is to fall from above 10%, to just under 3% by the end of 2023. but the labour leader, sir keir starmer, accuses the government of dressing up stagnation as stability . let s look at some of the key moments of the budget. energy bills for a typical household in britain will continue to be capped at £2,500 until the end ofjune. the 5p cut to fuel duty on petrol and diesel has been frozen for another year. the duty on draught pints has also been frozen to help in the words ofjeremy hunt the great british pub . but people drinking at home will see tax on other alcohol products like wine and spirits soar by 10.1% in august, in line with inflation during the peak of the cost of living crisis. the lifetime limit on tax free pensions savings will be abolished. in addition, the annual tax free pension allowance