Helped ease overall price rises in many countries, but there are concerns that a jump in crude could once again stoke inflation. So, governments are seeking alternatives, while still trying to balance the short term need for oil. Those alternatives could also help tackle Climate Change and keep global temperature rises to 1. 5 degrees above pre industrial levels. Just last week, the International Energy agency renewed its assertion that no new gas and oil projects were needed if the world was to meet that goal. Opecs Secretary General told my colleague, sally bundock, that the group doesnt agree. We have always, at opec, talked about the concern we have for future under investments, as some have called for stopping investment in oil. We believe this is equally dangerous. This will lead to volatility in the future, possibly supply shortages. And therefore, we at opec have always advocated for the importance of continuing to invest in the oil industry, as we also invest in decarbonising
chairjerome powell suggested as much. as we approach the end of the year, it s natural to look back on the progress that has been made toward our dual mandate objectives. inflation has eased from its highs, and this has come without a significant increase in unemployment. these are things we want to see. why might the rate hiking cycle has included 11 increases. government data showed inflation dropped from 9.1% in mid-2022 to 3.1% in november. that is above the target of 2% and jerome powell cautioned the committee had not ruled out raising rates again in the future. for wall street the dowjones international average jumped to record close. this is the third time in a row of the central bank decided against another rate hike. for investors satisfied with what the fed has done is when it will start cutting rates? there is a lot to digests in america big questions about whether a cut is likely. we will talk about that than i want to come onto the uk and europe. what is your as
icy conditions which may make it treacherous. further north, this is where we are going to find the lowest temperatures. as we head into sunday. still got that wintry mix of wet weather to clear away from the east and then a brief respite. a lot of cloud, more wet weather coming into the south, some snow perhaps over the hills of wales. further north into scotland and northern ireland, much quieter. most places dry but still very cold. as if that wasn t enough as we head to the rush hour on monday morning, this area of low pressure could bring some disruption with some strong women and rain. the potentialfor some snow which could be further north strong wind and rain. thanks, darren. and that s bbc news at six. you can keep up with all the latest developments on bbc website. hello and welcome to sportsday. i m olly foster. it s all on the line for the lionesses, they cannot lose at wembley tonight york city face league one side wigan in tonight s fa cup second round tie. a
of record temperatures. hamas releases two more hostages their families are overjoyed, but many in israel are still waiting to hear news of their relatives. the israel gaza truce continues as america s top diplomat, antony blinken, visits the region, in search of a longer ceasefire. hello, i m lewis vaughanjones, welcome to the daily global, where we ll bring you the top stories from around the world. we start here in the uk, where the former health secretary, matt hancock, has been defending his role during the covid pandemic. in a long day of evidence to the covid 19 inquiry he said many many lives could have been saved if the first lockdown began three weeks earlier than it did in march 2020. he also described what he called a toxic culture in government. mr hancock was a familiar face at regular press conferences that took place during that period, giving updates to the public about social distancing measures, the state of the nhs and the vaccine programme. here s o