business stories. i m sally bundock. we start here in the uk, and what else but the coronation of his majesty king charles? as we ve been hearing, it s been an historic weekend, from the pomp and pageantry and a bit of rain on saturday to a day of street parties and a night of fantastic music to round off the celebrations. all driving some serious weekend spending, predicted by retailers to be worth something in the region of almost £1.8 billion. but as many continue to struggle with the current high cost of living, how long can the spending optimism last? katrina bishop is from consumer research company niq. let s talk this through. katrina, a warm welcome to you. morning. katrina, a warm welcome to you. morninu. ., . , , . morning. for many sectors in the uk that morning. for many sectors in the uk that have morning. for many sectors in the uk that have been - the uk that have been struggling, like hospitality, this was a huge boost, wasn t it? it this was a huge boost,
years, marking the central bank s most aggressive move yet to bring down the soaring costs of food and gas and almost everything else. inflation is not easy. just days ago we learned it s at the highest level since 1981. the fed released a darkening forecast projecting more inflation and higher unemployment. joining me now matt egan. we heard from the fed chairman. he signalled more rate hikes. what did you learn? reporter: well, victor, clearly inflation is on fire. today the federal reserve officially called in help for some reinforcements. taking aggressive steps to raise interest rates and fed officials are signaling that even more aggressive steps may be needed to get inflation under control. listen to what jerome powell just said. we anticipate ongoing rate increases will be appropriate. the pace of those changes will continue to depend on the incoming data and evolving out look for the economy. clearly today s 75 basis point increase is an unusually large one. from
from fossil fuels by 2050. this follows the rejection of the first draft because it did not call for a phasing out of fossil fuels. there were quite a few leaders at this event to a not happy with that at all. so will this latest proposed text lead to agreement? will it get across the line? countries are looking at this text right now, deliberating over every word. let s go live to dubai. our middle east business correspondent sameer hashmi is at the cop for us. we could hear quite soon, good way, on what the leaders think about this latest text?- about this latest text? sally, we don t know about this latest text? sally, we don t know how - about this latest text? sally, we don t know how soon - about this latest text? sally, i we don t know how soon that would be, but, yes, the leaders and negotiators will be going into the room which is scheduled in about half an hour and they will discuss the latest text that has been released. we will have a discussion. there have be
than six weeks. and that comes as the u.s. military is becoming more aggressive in its response to attacks against service members in the wider region. we re going to go through all of that in just a moment. plus, the new donald trump dilemma for democrats. party officials seem to be shifting their strategy on how much coverage they want the former president to receive. good morning and welcome to way too early on this wednesday, november 22nd. the day before thanksgiving. i m jonathan lemire, and we re certainly grateful you re starting your day with us. we will begin this morning with breaking news. israel and hamas have agreed to a deal to release some of the hostages kidnapped during last month s deadly terror attack. qatar, which has been made the announcement late last night. the term of the agreement include a four-day pause in fighting. during that time 50 women and children will be released in stages. now, in exchange 150 palestinian women and children who ar
To hold talks wit the main parties in Northern Ireland at downing street. Now on bbc news all the latest Business News live from singapore. She has done it us Interest Rates rise to their highest levels since the 2008 financial crisis but now what . Overall we continue to expect that the economy will expand at a moderate pace over the next few yea rs. Moderate pace over the next few years. And it is crunch time in the bidding warfor years. And it is crunch time in the bidding war for toshibas chip years. And it is crunch time in the bidding warfor toshibas chip unit but wary as japan, which has traditionally stood behind its troubled companies . Hello, welcome to Asia Business report. Despite lacklustre growth the American Central Bank has taken steps to cool the Worlds Largest economy, forging ahead with the second Interest Rate rise this year, signalling another is on the cards in 2017. The fed reserve, led by the chair, janet yellen, had plans to shrink the Bond Holdings and massive