Wildfire updates. What can you tell us now in. Reporter hey there, griff, good morning to you. Were alongside one of the main entry points into the town of a lahaina. People here have been lined up for hours, some of these folks sleeping in their cars waiting for the curfew in the town of lahaina to expire. Some of these people have nothing left, they just want to get in, see whats left of the town. Take a listen to some folks about what theyve seen there. I want people to know that there are people out here suffering, and we need donations. We need, we need people shipping things out here. We need families fed, we need yeah, we need so much men help. Reporter home after home in lahaina, gone. One estimate from core logic puts the estimate of destroyed homes at more than 3,000. The rising death toll now at 80 people as rescue crews search for more victims. Thousands of people have now left the island, and around 1400 are currently staying in Emergency Shelters here. Its still unclear h
by about twice the global average. it s already increased by 2 degrees celsius. 20 years since the us led coalition invaded iraq to topple dictator saddam hussein, we look at the legacy. hello and welcome to bbc news. the world s financial markets have reacted with unease following last night s emergency takeover of the troubled swiss bank credit suisse. shares in credit suisse fell by more than 60% this morning after european markets opened and the value of banking shares across europe have dropped sharply. credit suisse was bought by fellow swiss bank ubs after a deal brokered by the swiss government. here s the chief executive of ubs explaining the rationale behind the deal. translation: it means we bring back stability and security for credit suisse clients, but also that we keep the reputation of the swiss financial centre high. and finally it means we are stemming the turmoil in the international financial markets. these three goals are very, very important to us. we
this is gps , the global public square. welcome to all of you in the its and around the world. i m fareed zakaria coming to you from new york. today the on the program, we ll bring you the latest on the suspected chinese spy balloon. then, we ll move to the economy. but for a change, it might not be bad news. we have some very good news about the american economy. the imf global outlook is less gloomy than it was a few months ago. and then the fed said it wasn t ready to declare victory on inflation, but it is cooling. i will ask larry summers if he agrees. also, crimea, many powerful people have suggested ukraine should be prepared to officially cede the peninsula to russia as part of peace negotiations. but i ll talk to general ben hodges who said no, kyiv can and should take crimea back. but, here is my take. this week mark theed third anniversary of brexit and it coincided with a grim verdict from the imf. this year the british economy will do worse than al
this is gps , the global public square. welcome to all of you around the world. i m fareed zakaria coming to you from new york. today on the program, we ll bring you the latest on the suspected chinese spy balloon. then, we ll move to the economy. but for a change, it might not be bad news. we have some very good news about the american economy. the imf global outlook is less gloomy than it was a few months ago. and then the fed said it wasn t ready to declare victory on inflation, but it is cooling. i will ask larry summers if he agrees. also, crimea, many powerful people have suggested ukraine should be prepared to officially cede the peninsula to russia as part of peace negotiations. but i ll talk to general ben hodges who said no, he can and should take crimea back. but, here is my take. this week marked the third anniversary of brexit and it coincided with a grim verdict from the imf. this year the british economy will do worse than all of the world s majo
let s start in the us where inflation has been falling for the 7th month in a row. the rate forjanuary stands at 6.4% down from a peak of 9.1% injune last year. but the latest report from the us labor department also showed the pace of that slowdown is starting to ease. the bbc s north america correspondent michelle fleury reports from new york. inflation has been coming down on an annual basis. that s the good news. the bad news on a monthly basis, prices for consumer goods actually rose at the start of 2023, despite an aggressive campaign by america s central bank to bring it down. the consumer price index was up 0.5% injanuary, compared to a revised 0.1% increase in december. the cost of housing was to blame for more than half of the increase. higher food and energy prices also contributed. the stronger than expected report, coupled with a tight labour market, could force america s central bank to raise interest rates more than anticipated. and that certainly spooked i