we have been worried about the chinese economy for some time now. does this downgrade suggest things are getting worse? goad does this downgrade suggest things are getting worse? are getting worse? good afternoon. this is a reminder are getting worse? good afternoon. this is a reminder of are getting worse? good afternoon. this is a reminder of what are getting worse? good afternoon. this is a reminder of what investors| this is a reminder of what investors already know which is a slower economy and a downturn in the manufacturing sector, and the government exactly going back to the old way, they want to reduce debt in this estimate but it is proving to be very difficult, so the stimulus measures are what is worrying moody s, so they think it will raise the debt level in the economy, so it is just a the debt level in the economy, so it isjust a reminder. it the debt level in the economy, so it is just a reminder. it does the debt level in the economy, so it isjust a re
welcome to our look at the top business stories. i m lukwesa burak. today, global markets will be watching the latest us inflation data for clues as to whether the federal reserve might move again on interest rates. inflation was 3.7% over the 12 months to september which is the same rate recorded for august. while inflation has cooled significantly from last year, it remains higher than the 2% target. this month, the us central bank held its key interest rate at its current 22 year high as it seeks to stabilise price rises, which had recently reached near record levels. joining me now is steven blitz, chief us economist, ts lombard. hello and welcome to the programme. hello and welcome to the programme- hello and welcome to the - programme. what are programme. thank you. what are ou programme. thank you. what are you expecting programme. thank you. what are you expecting later programme. thank you. what are you expecting later today? - programme. thank you. what are
hello, i m christian fraser. hello, i m ben thompson. you re watching the context on bbc news. tim scott becomes the latest republican to quit the race to be president as a new poll shows joe biden trailing to donald trump. we ll talk about that poll in just a moment. donald trumer has returned to the witness stand for a second time in a civil fraud trial in new york. former us president donald trump and his two eldest sons are accused of fraudulently over stating the value of their real estate empire, to obtain favourable loans. the defence has argued that banks made money from mr trump, and they didn t rely on his financial statements. they also say prosecutors have failed to prove that banks wouldn t have loaned him the money even if they had known about inflated assets. our correspondent nadia tawfik joins us from new york. today more quotes. interestingly donald trumpjunior describes his donald trump junior describes his father as donald trumpjunior describes his father
britain s ecomomy is expected to have gone into reverse shrinking by 0.1%. and if that continues for the rest of the year two quarters of negative growth that would constitute a recession. the bank of england has raised the cost of borrowing to a 15 year high, to try to rein in soaring prices, and that s weighing heavily on many businesses and households. on thursday, official data showed a steep jump in the number of people falling behind on mortgage payments. our cost of living correspondent, colletta smith, reports. good morning, donna speaking, how may i help? with rates on the up, more people have been struggling to pay their mortgage bill. don t worry, i m sure we can get this sorted out for you. ..and an increasing number are now officially in arrears. you know, nobody wants to send debt collectors to your door. nobody wants that. that s not what we want. we want to help you, we want to get a solution in place with you, but we can only do that if you give us a ca
colombian media reports say the father of the liverpool footballer luis diaz has been released by the eln rebel group. he was abducted nearly two weeks ago. live now to bogota and our correspondent daniel pardo. he correspondent daniel pardo. was given away by co| old est he was given away by columbia s oldest guerrilla group, who took him 12 days ago and happy to agonise a complicated and generated a huge memory for most colombians for the past 12 days. he was given into un officials, take it into a helicopter and then he went, now he is being seen by doctors. huge relief from colombians, but also anger because colombians, but also anger because colombians are tired of dealing with this situation, especially with a gorilla group that has no political means, according to colombians, and they are only looking for money and trying to increase their capital. i know this story has onlyjust broken but is anything emerging about how this release was actually secured because it has