plus the crypto crash deepens. could it spell disaster for el salvador s multi million dollar gamble on bitcoin? we start in the us where the federal reserve has announced the biggest rise in borrowing costs in 28 years. the fed raised its key interest rate by three quarters of a percent and signalled more big increases are on the cards. as our correspondent michelle fleury reports, from washington, it s battling to control the worst inflation in four decades. intensifying its five figure inflation which is currently at a a0 year high reserve raised its key interest rate by three quarters of a percentage point to a range of 1.5 to one and three quarters of a percent, move that will push up borrowing costs for and company. us interest rates haven t been hiked by this much in one go since bill clinton was in the white house in 199a, the size of the mood something federal chair reflected on during his press conference. clearly the 75 basis point is an unusually large one a
can the eu agree on a ban on russian oil? it s not looking hopeful. eu leaders meet again to see what might be done. resistance, notably from hungary, has held up the eu s troubled sixth lot of sanctions. 0ther landlocked countries, such as slovakia and the czech republic, have also asked for more time, due to their dependence on russian oil. bulgaria, already cut off from russian gas by gazprom, has likewise asked for opt outs. but prime minister viktor 0rban s hungarian government, which has compared an oil ban to dropping a nuclear bomb on its economy, is seen as the ultimate obstacle. he wrote to the european council to say he didn t even want to be discussed. joining me now is dr adi imsirovic, senior research fellow, the oxford institute for energy studies. sir, you ve worked in the industry for 30 years. this weekend, the eu chief ursula von der leyen said there was a need to think strategically about how the eu approaches the topic of russian oil. she had previously i
i want to start at the beginning, because it s important to establish what we re talking about. can you explain the difference between legal and illegal migration? legal migration the government has a lot of power and influence or affect, doesn t it? doesn t it? legal migration is essentially doesn t it? legal migration is essentially government - doesn t it? legal migration is| essentially government knows doesn t it? legal migration is - essentially government knows that that person is in the country, either because they have it with valid visa, or because of some agreement with that country, for example when the uk was in the eu, people from the eu could come to the uk without a visa, this is different to illegal migration where the government doesn t know that that person is in the country, but an important decision to be made is thatjust because somebody enters a country illegally, like crossing the channel on a small boat, it does not mean they are and illegal migrant
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