Higher Profit Margins than expected as offered fewer discounts. All that bodes well for walmart which is due to report a 4 rise in sales. Results from the Worlds Largest retailer should also a glimpse into demand for back to school items. Traders are hoping that despite higher borrowing costs, it will show that us shoppers are still willing to spend on essentials. Staying with retail jd. Com Beat Analyst Forecasts for Second Quarter revenue, which rose more than 7 to nearly 40 billion. The chinese e commerce giants Focus On Lower priced products paid off in the fight for customers amid an economic slowdown. The company said it attracted more vendors to its platform, helped by lower thresholds and costs for them to join, and that users shopped more frequently as its Product Range expanded. It was a different story over at tencent where Earnings Results came in below estimates in the Second Quarter. Revenue grew 11 to just over 20 billion. Tencent s core Gaming Business experienced weake
Its working. But polls show Many Americans may not fully know what the Inflation Reduction Act actually is. Data released earlier this month in a Washington Post university of maryland poll show seven in ten americans had heard little or nothing about the policy. Im joined now by tim mcdonnell, climate and Energy Editor at the us politics website semafor. Great website semafor. To have you in the programme. You great to have you in the programme. You have been writing about how the Inflation Reduction Act sure the promise and limits of the government plan and pushing forward Climate Policy of stop starting with the promise, what has worked . Thank you, its a pleasure promise, what has worked . Thank you, its a pleasure to promise, what has worked . Thank you, its a pleasure to be promise, what has worked . Thank you, its a pleasure to be here. Promise, what has worked . Thank you, its a pleasure to be here. Happy its a pleasure to be here. Happy to talk about its a pleasure to be here.
First a Welcome Development here in the uk. Inflation fell sharply to 6. 8 injuly, from 7. 9 injune. But it still means prices continue to rise. Prime minister rishi sunak says it shows his governments plan is working, but he cautioned against complacency. The drop was fueled by lower energy costs. But Core Inflation which looks at price rises excluding food and energy remained unchanged. According to the office of national statistics, the rising costs of hotels, air travel, and rents are in Part Keeping Inflation high. Economists are still expecting Interest Rates the tool used by the Bank Of England to control price rises to be raised further. The bbc s economics editor faisal islam has more. The heat may be coming out of rising prices at supermarkets and convenience shops, and that can be seen, for example, in milk prices on the shelves of this shop in walsall. Overall they are still rising, butjust by less than they were. This area was, originally, about two months ago, all a pound
Council tax, while those living in the and the west of in the north and the west of england are facing the biggest challenges. Well be speaking to the Taxpayers Alliance. Taxpayers alliance. Plus, they are tremendous popular with celebrities such as lady gaga and the actor hugh jackman. Were talking about the French Bulldog. But is it time French Bulldog. But is it time to stop buying dogs with such extreme features that theyre struggling to breathe . Well be discussing this and so much more. Now, though, your headunes more. Now, though, your headlines with paul hawkins. Headlines with paul hawkins. Good afternoon. Its just gone midday. Im paul hawkins with the latest from the gb newsroom. The Prime Minister newsroom. The Prime Minister claims todays fall in inflation shows his plan is working. Price rises are continuing to slow due to falls in the cost of food and energy. Latest figures from the energy. Latest figures from the office for National Statistics found Consumer Price index
In the last few minutes, we have been told that the search has been called off by the french authorities. Simonjones reports from dover. The sea has claimed several more lives. The french lifeboat had the grim task of bringing five bodies back to shore, a sixth person airlifted to hospital didnt survive. Some of those rescued were taken to dover after lifeboats from the uk joined the search operation. Many of the survivors had been in the sea, screaming for help. Others had been trying to bail out their sinking boat using their shoes. Translation they were in trouble. Some were suffering from seasickness and the boats are quite simply overloaded. They overload the boats and so the boats can no longer move forwards. The last boat was too full. These pictures taken earlier in the week showed just how many people can be crammed into flimsy boats in the worlds busiest shipping lane. The french Authorities Say they will only intervene at sea if a boat gets into difficulty. The mp for dover