promised in the wake of brexit. as place, a commitment to cooperate on defence, trade, a deal on data protection and ways to regulate new ai technology. the uk prime minister held this approach as a better response to the challenges the two countries face. . ., ., . challenges the two countries face. ., . ., ., , , face. the economic relationship has never face. the economic relationship has never been face. the economic relationship has never been stronger. - face. the economic relationship has never been stronger. the . has never been stronger. the trade has never been stronger. the trade is has never been stronger. the trade is worth hundreds of billions trade is worth hundreds of billions of pounds or dollars a year. billions of pounds or dollars a year. over billions of pounds or dollars a year, over1 million of our citizens year, over1 million of our citizens in year, over1 million of our citizens in each country work in each citizens in each country wo
the wake of brexiter. in its place, a commitment to co operate on defence, trade, a deal on data protection and ways to regulate new ai technology. the uk prime minister hailed this approach as a better response to the challenges the two countries face. the economic relationship between our two countries has never been stronger. the trade is worth hundreds of billions of pounds, dollars, a year. over a million of our citizens in each other s countries work in each other s companies. in each other s countries. and that trade is growing as something like 20% last year. as part of the atlantic declaration, president biden pledged to give uk exporters access to critical minerals needed for electric car batteries. similar to an agreement the us made with japan. there is no reason why great britain will not play a major role in not only critical material but in investing in united states of america and all of our initiatives relating to the need for critical materials, including ba
are the closest estimation to its sales figures. 0ur north american business correspondent reports. byd calls itself the biggest car brand you have never heard of. but that may be about to change. the chinese automaker sold more battery powered electric vehicles in the last three months of the year than tesla did. that is a first. the american company is facing headwinds. higher borrowing costs in the us led to slowing demand but its lesser known chinese rival is enjoying tail winds, including a massive domestic market, cheap labour, and strong government support. and unlike tesla, byd makes its own batteries. so controlling that part of the supply chain gives byd more flexibility to cut prices, which it did in the last part of the year, sending sales spiking. as my colleague has just reported, tesla s latest number puts byd ahead of the curve. the chinese ev maker reported around 3 million in sales last year but that number comprises both electric cars and hybrid vehicles. e
A move that was expected. The current cost of borrowing now sits at five to 5. 25 , the highest in 16 years. But is the fed finally done with rate hikes . The bbc s Samira Hussain reports from new york. Inflation remains stubbornly high to try and get the cost of living back down to more normal levels. The federal reserve, americas central bank, has raised Interest Rates ten times in a little over a year. And now it seems it may be ready to perhaps take a pause. The committee will take into account the cumulative tightening of Monetary Policy, the lags with which Monetary Policy affects Economic Activity and inflation and economic and financial developments. We will make that determination. Meeting by meeting. The rate rises have slowed Economic Growth in the United States by making it more expensive to borrow money. And inflation is starting to come down. But there have been some unexpected Knock On Effects of the rate hikes. They played a part in the Banking Crisis where three banks
tonight on all in. i have the right to take stuff, i have the right to look at stuff. the ex president caught on tape bragging about classified documents. tonight, the increasingly strong case against trump and the timeline of the investigation. then, as his lawyers lineup to defend him. if you have the authority to declassify you are not there is new trouble on team trump. plus, how joe manchin s pet pipeline project just got expedited from the debt bill. the president s former chief of staff on that deal in the latest mcgovern from republicans trying to investigate joe biden. let s put it this way that there, there s accusations. it s not for me to make a judgment about one of these accusations if they are accurate or not. all in starts right now. good evening from new york i m chris hayes. the evidence is piling up in the special counsel s investigation into trump s mishandling of classified documents and the subsequent attempt to obstruct every inquiry