you re live with bbc news. twitter s iconic blue bird will soon be no more! the firm s owner, elon musk, has said its days are numbered and that it will be replaced with a logo depicting the letter x. that s the name musk wants to use for the so called everything app that he s trying to build on the foundations of twitter. it s an app similar to china s wechat which allows users to send text messages, make payments and much more. the rebranding comes as mr musk recently admitted that advertising revenue remained at half of what it once was. if you remember he bought twitterfor $44 billion last october. his reforms aren t quite going to plan. live now to justin urquhart stewart, founder of investment platform regionally. thanks for being with us. there are many on twitter who feel passionately about the community they re in and the brand
thejl so we do see good news such as the jl are so we do see good news such as thejl are one, but it will take time for these factories to come online and really we needed far quicker, to be honest jlr. needed far quicker, to be honest jlr. needed far quicker, to be honest jlr. thank you so much. honest jlr. thank you so much- just honest jlr. thank you so much. just to honest jlr. thank you so much. just to say honest jlr. thank you so much. just to say that - honest jlr. thank you so much. just to say that we i much. just to say that we should be hearing later here on bbc news from the head of smmt. so more on that later. more on the uk economy now, where the politicians are due to grill the big supermarkets later over persistently high food prices. they re expected to focus on why falling wholesale prices aren t being passed on to shoppers, who are currently dealing with a 14.6% jump in food prices compared to last year. i m joined by justin urquhart stewart,
economies, there are high levels of debt, and if they go down to the 2% level, they might go into recession quite quickly. might go into recession quite cuickl ., , ., might go into recession quite auickl., . m, quickly. justin and bessie, lovely to quickly. justin and bessie, lovely to see quickly. justin and bessie, lovely to see you - quickly. justin and bessie, lovely to see you both. - quickly. justin and bessie, l lovely to see you both. have quickly. justin and bessie, - lovely to see you both. have a great day. see you soon. to pakistan now, where their latest move on interest rates may give us all pause for thought as their central bank has just raised its base rate to 22% to battle soaring prices. this followed a hike of 1% to a record high on the back of an emergency meeting on monday. now, this is all in a bid for pakistan to rescue its access to the latest tranche of bailout funds from the international monetary fund, which expires at the end of the month funds it de
funds up to about $250,000, and that they were watching instability in the banking sector and therefore they were quick to withdraw their funds when things looked concerning. so quick, in fact, that about $100 billion was withdrawn in march. also first republic gave their mortgages to their customers at preferential low rates, and they may well have been fixed rates. so then when the federal reserve kept hiking rates, this place the bank under a lot of pressure. justin urquhart stewart is the founder of the investment platform regionally. whether it be a collective sigh of relief there is a new owner or more concern that it went under?- concern that it went under? relief for a short concern that it went under? relief for a short time concern that it went under? relief for a short time but concern that it went under? relief for a short time but serious - concern that it went under? relief. for a short time but serious concern and this highlights the riskiness of the banking system
plans were inadequate. friends of the earth, one of the campaign groups, has already described the latest policies as dangerously lacklustre and lacking on climate action. here s what the minister in charge grant shapps had to say. i think is the flipside of the same coin because as you get to more renewables like nuclear, you can decarbonise the whole energy economy so it s two parts of the same thing but this is a massive investment today, signalled by this powering up britain document, with hundreds of pages and many hundreds of different policies in the thousand pages also make it big difference to how we power britain. justin urquhart stewart is founder of the regional investment hub regionally, which matches investors with businesses. justin, the 2021 strategy was ruled to be inadequate bny by the high court. how much of this is a rehash as ed miliband says, and how much is new?