for energy because of the rise of renewable energy. hello and welcome to the programme. it s eight o clock in the morning here in singapore and 5pm in san francisco where the bbc s technology correspondence sat down in an unexpected interview with elon musk. the billionaire, tesla car boss and new owner of twitters in running the social media site has been painful and a rollercoaster. it s one of his first interviews since he ought twitter. it s not every day you get invited by one of the world s richest and most influential people to a sit down interview. earlier on tuesday, i d received a response to an e mailfrom mr musk let s do an interview tonight, it read. just a few short hours later, we were setting up in twitter s headquarters in san francisco. hello, how you doing? we re about to go live, very surprisingly, we onlyjust found this out, on twitter. but that is elon musk. we didn t know about that. but you never know with elon musk. when he sat down, he was in the
a far cry from the 9% we saw in june but there are warnings of a possible recession or the pipelines our business reporter katie silva has been looking into the details of the story for us. it is always great to see you on asia business report at the seems like relatively good doesn t it? fit at the seems like relatively good doesn t it? of course. as we mentioned good doesn t it? of course. as i we mentioned a huge drop since lastjune. 5% inflation down from 6%, its well and truly been welcomed in high quarters, president biden saying it gives american families some breathing room in particular pointing to the fact that we ve seen the greatest reduction in the costs of gas as well as food and grocery expenses, things that are very important to american families. but the excitement should be tempered somewhat. up was the us like many major economies pursues an inflation target of 2% so 5% is still a long way off that and if we were to take out those impacts of the fuel and
of a possible recession in the pipelines. our business reporter katie silva who has been looking into the details of the story for us, joins me now on the program. katie, it is always great to see you on asia business report and this seems like relatively good, doesn t it? it does. it has been welcomed in high quarters. president biden, for example, saying that it gives american families some breathing room and particularly pointing to the fact that we ve seen the greatest reduction in the costs of gas as well as food and grocery expenses things that are very important to american families. but the excitement should be tempered somewhat. of course, the us like many major economies pursues an inflation target in the order of around 2%, so 5% is still a long way off that, and if we were to take out those impacts of the fuel and food prices, that would leave us with a figure called core inflation and, in fact, core inflation actually rose, particularly driven by increase in co
president biden has arrived in the republic of ireland. we are going to show you some pictures of his visit now. this was him visiting dundalk, in county louth, the home county of his ancestors. thousands of people came out to greet him, and he paid tribute to his irish heritage and met distant relatives. he s back in dulblin now, and tomorrow he ll go to county mayo. earlier, he was in northern ireland, to celebrate the 25th anniversary of the good friday agreement, the deal that brought an end to decades of violence in the region. this trip though, comes at a time of political deadlock in northern ireland, after its power sharing government here at stormont, collapsed over a year ago. our correspondent chris page has more. president biden has begun what, for him, is a very personal tour of places in ireland where he has ancestral ties. he began by visiting the village of conferred income to allow the, that s the place where his great, great grandfather left to emigrate to t
its lowest level for nearly two years. consumer prices rose by 5% of the year to march, a far cry from the 9% it was that in june. but there are warnings of a possible recession in the pipeline. our business reporter is katie silver, she s been looking through the dater and joins me now on the programme. great to have you on the show. this looks pretty optimistic, doesn t it was back it s good news it isn t it? it’s doesn t it was back it s good news it isn t it? news it isn t it? it s good news it isn t it? it s good news but it news it isn t it? it s good news but it needs - news it isn t it? it s good news but it needs to - news it isn t it? it s good news but it needs to be i news but it needs to be analysed further and taken with analysed further and taken with a grain of salt. inflation is down and there are warnings every session but still we are hearing the fed may hike rates for the three things that don t normally go together. in terms of the inflation figure w