we start here in the uk, where the bank of england has raised the cost of borrowing to its highest level in 13 years. the quarter of a percentage point rise, to 1.25%, was less than some were expecting. but financial markets are now betting uk interest rates will have to rise a lot further from here, to get control over soaring inflation. the worry is, too steep a rise in borrowing costs could tip the economy into recession. and the warning signs are already there. our economics editor faisal islam reports. on faisal islam reports. the outskirts of doncaster, a on the outskirts of doncaster, a successful business, the crown hotel, grappling with energy, food prices and wages going up at the same time that household income is being squeezed and now a relentless run of interest rate rises to hit some buyers on variable rate within hours. hit some buyers on variable rate within hours. with got a mortgage rate within hours. with got a mortgage and rate within hours. with got
who will host eurovision? the uk s in talks to host the singing spectacular, hello, iam hello, i am shaun ley shaun ley. in what is the fastest decision in eu history, the european commission has formally recommended candidate status for ukraine but with conditions. for ukraine, this has been a long time ambition, and president zelensky was quick to react hailing it as an historic moment which will bring victory in the war against russia closer . meanwhile, president putin said he was not against the idea because the eu wasn t a military bloc, but couldn t see how it would benefit kyiv. here is commission president ursula von der leyen speaking in brussels. we all know that ukrainians are ready to die for the european perspective. we want them to live with us the european dream. let s look at where ukraine is in its eu application. the application has broadly three phases. phase 1 is the application to become a candidate for eu membership. ukraine submitted their
in what is the fastest decision in eu history for ukraine this has been a long time ambition, and president zelensky was quick to react hailing it see how it would benefit kyiv. for ukraine this has been a long time ambition, and president zelensky was quick to react hailing it as an historic moment which will bring victory in the war against russia closer . meanwhile president putin said he was not against the idea because the eu wasn t a military bloc but couldn t see how it would benefit kyiv. here is commission president ursula von der leyen speaking in brussels. we all know that ukrainians are ready to die for the european perspective. we want them to live with us the european dream. let s look at where ukraine is in its eu application. the application has broadly three phases. phase one is the application to become a candidate for eu membership. ukraine submitted their application in march. first they need the european commission to recommend them which
desperately trying to get enough to eat. and, the england and wales cricket board brings charges against yorkshire, and several individuals, over allegations of racism. live from our studio in singapore, this is bbc news it s newsday. welcome to the programme. new us aid for ukraine, worth $1 billion, has been announced by president biden in washington. it includes additional artillery and coastal defence weapons, as well as ammunition for artillery and advanced rocket systems. new pledges came from nato members who met in brussels, the us defence secretary said he will move heaven and earth to ensure ukraine receives the weapons it needs to combat russia s invasion. here s a little what lloyd austin had to say. we can t afford to let up, and we can t lose steam. the stakes are too high. ukraine is facing a pivotal moment on the battlefield. and we re seeing what president zelensky warned us about. after failing to take kyiv and reassessing its combat aims, russia has shift
the us central bank announces the biggest rise in us interest rates in nearly 30 years, to combat surging inflation. and, spain, southern france, and parts of italy swelter through an extreme heatwave. authorities are warning of water shortages. welcome to our viewers on pbs in america and around the globe. new us aid for ukraine, worth a billion dollars, has been announced by president biden. it includes additional artillery and coastal defence weapons, as well as ammunition for artillery and advanced rocket systems. new pledges came from nato members who met in brussels. the us defence secretary said he will move heaven and earth to ensure ukraine gets the weapons it needs to combat russia s invasion. here s a little of what lloyd austin had to say. we can t afford to let up, and we can t lose steam. the stakes are too high. ukraine is facing a pivotal moment on the battlefield. and we re seeing what president zelensky warned us about. after failing to take kyiv and reasses