Israel potts was contestant was booed when she rehearsed her Song Hurricane outside with pro Palestinian Protesters who demonstrated against the war in gaza with Smoke Canisters in the colours of the palestinian flag set up an malmo s central square. I of the palestinian flag set up an malmos central square. Of the palestinian flag set up an malmos central square. I think they should be everywhere malmos central square. I think they should be everywhere and malmos central square. I think they should be everywhere and once malmos central square. I think they l should be everywhere and once again, young people are leading the way and showing the world how we should react to this. Showing the world how we should react to thie showing the world how we should react to thia react to this. Speaking to our Culture Correspondent react to this. Speaking to our Culture Correspondent who i react to this. Speaking to our Culture Correspondent who is| react to this. Speaking to our. Culture correspo
With not enough young people prepared to take up the craft. We start here in the uk with a warning that soaring Interest Rates could be increasing social inequality and widening the gap between the haves and have nots. Thats according to one of the bank of englands Policy Makers who has been speaking exclusively to the bbc. Dr Swati Dhingra has been on the Banks Monetary Policy Committee since august of last year, and has voted against raising Interest Rates at seven of its last nine meetings. It comes as official figures out shortly are expected to confirm the Uk Economy Stagnated in august, after a surprise decline onjuly. Dr dhingra suggests the steep rise in Borrowing Costs could be pushing the uk into recession as she explained to our chief economics correspondent, dharshini david. The reason why the rates have been raised is because of the kind of price increases we are seeing which is energy and food. Those will typically contact poorer people more and the Interest Rate also typ
We start in the us, where shares of meta, hello. If you are justjoining us, you are in time with the top business stories. We start in the us, where shares of meta, the owner of facebook, instagram and whatsapp plunged in after hours trading after its forecasts disappointed wall street. Investors are concerned the huge amount meta is spending on Artificial Intelligence may not translate into higher profits. Lets show you the details. When it comes to how much money meta is making, profits came in at 12 point 4 billion in the first three months of the year. Thats more than double the amount it made this time last year, and better than expected. But heres one of the numbers worrying investors, meta expects its costs to rise to almost 100 billion this year, as it invests heavily in al and virtual reality. Coupled with a forecast that revenues will barely grow in the Current Quarter that sent shares plunging some 13 in after hours trading. Wiping as much as 160 billion off its stock market
The cpi numbers earlier. While the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. Its at 4. 3 . And thats illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. The Federal Reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see . Exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase Borrowing Costs which, in essence, has similar effects raising interest rates. As far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week but actually more likely in december. Dimitri, how have consumers and businesses really responded to the rising Cost Of Living
Thats the highest since the launch of the euro more than 20 years ago. And its worth putting into context that as recently as last year, eurozone Interest Rates were negative. The reason is that inflation is proving harder than expected to control. For the 20 countries using the euro, inflation was 5. 3 in august thats half the 10. 6 that it was a year ago. But as the ecb says today, it is still expected to remain too high for too long. Earlier we got the view from The Economist katharine neiss, she explained the background to this latest move. The ecb told us today through their actions they are still concerned with inflation being too high. I think in particular they are concerned that underlying inflation could become embedded in the euro area economy, making it harder for policymakers to get inflation back to their 2 target. Widely perceived this could be the lasting increase, we heard from the banks president that there was, the decision was not unanimous, there were dissenters. T