inflation trending down. data due out later on friday from us economist department is likely to confirm prices are cooling. but with inflation still stubbornly high, policymakers here, as in many other developed economies, aren t done raising interest rates. michelle fleury reporting. let s quickly show you how markets reacted. all major major intersystem 0k all major major intersystem ok but japanese nikkei all major major intersystem 0k butjapanese nikkei opening but japanese nikkei opening slightly lower, butjapanese nikkei opening slightly lower, down by about i%. in other news, sporting goods giant nike has reported its latest earnings for the fourth quarter and revenue coming in at $12.8 billion. that s slightly higher than expected and it also means they have beaten revenue estimates for seven straight quartrs, with sales jumping in both its modest market, north america, and in china following the easing of covid 19 restrictions. chinese authorities have released data
department is likely to confirm prices are calling. but with inflation still stubbornly high, policy makers here as in many other developed economies aren t done raising interest rates. michelle fleury reporting. let s quickly show you how markets reacted. investors hope there may be a chance the us economy could avoid falling into a recession so we saw a bit of a rally in all the main indices. let s show you how japan s all the main indices. let s show you howjapan s nikkei has started, down by almost i%, profit taking also happening as well. in other news, sporting goods giant nikkei has reported its latest earnings for the fourth quarter and revenue coming in at $12.8 billion. that s slightly higher than expected and it also means they have been revenue estimates for seven street orders, with sales jumping in both its modest market, north america, and in china following the easing of covid 19 restrictions. going to china were on about how authorities are expected to releas
new figures here in the uk show that the rate at which prices are rising has fallen sharply, hitting single figures for the first time since last august. the annual rate for april fell to 8.7%, down from 10.1% in march, but still higher than predicted. a quick global comparison in the us, the rate of inflation stood at 4.9% in the 12 months to april, falling for the tenth month in a row. the eurozone rate rose slightly in april to 7%, but that figure is still down from 8.5% in february. the bbc s economics correspondent andy verity explained. if you want to be half full, at least it s in single digits now. for three months in a row, it s defied expectations it would drop into the single digits, and it stayed in double digits. so that has been coming down, and there are some nice signs like for example, petrol is cheaper than it was a year ago, some second hand cars have been coming down in price, and generally goods price inflation, which has been driving this, has subsid
used to. the fork to farm summit, the prime minister at meeting stakeholders, cheaper cuts, needs must and they will be discussing how we improve food security and production. we ve also got new figues from which? that put food inflation for april at over i7% the consumer group says prices ofjuice, chocolate, water, fish, chilled ready meals and cheese are continuing to rise. the british retail consortium saying it is confident that supermarkets are doing all they can to keep food prices low. get in touch with us this morning. food prices, reality or rip off? here is the news from karishma patel. thank you. the latest figures show the number of people not working due to long term illness is at a record high. the office for national statistics also found wages are rising at their fastest rate for 20 years but that those increases are being outstripped by inflation. vodafone is to cut 11,000 jobs over the next three years which is about a tenth of its workforce. this w
the army and the rival militia group, the rsf or rapid support forces are blaming each other. airstrikes and gunfire were reported in khartoum and nearby cities you can see some of the destruction here. at least 512 people have been killed and more than 4000 injured in the conflict. the united nations said the actual casualty figures are likely much higher. in an exclusive interview, our presenter zeinab badawi spoke with rsf leader general mohamed hamdan dagalo, also known as hemed ti. here s what he has to say. i wanted to put it to you that the people of sudan are living in an absolute ordeal. what would it take for you to allow humanitarian corridors? first of all, i would humanitarian corridors? first of all, i would like humanitarian corridors? first of all, i would like to - humanitarian corridors? first of all, i would like to thank. of all, i would like to thank the of all, i would like to thank the bbc of all, i would like to thank the bbc for the inter