this latest ceasefire $245 million in aid to help support people fleeing the violence. i m ben thompson. let s start in the uk where the cost of living crisis is showing some tentative signs that it is starting to ease slightly. the latest rate of inflation for the month of april has fallen to 8.7% now that s still very high and above the 8.2% rate that many economists forecast, but still a significant drop compared to the over 10.1% rate we saw last month. double digit inflation that had been in place since august last year all well above the bank of england 2% target hitting a peak at 10.4% in february, before slowly coming down. this latest figure is the sharpest drop since the cost of living crisis began. but growing cost of food still remains very high. as you can see here, food prices increased by 19% in april and havent yet come down from their peak. making it difficult for people to feel better off right now. joining us now is simon french, chief economist at p
Transcripts for BBCNEWS BBC News Now 20240604 13:30:15
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european chips act will involve billions of dollars in the development of advanced semiconductors. the chips are used in a ride range of technological products from cars and phones to supercomputers and a spacecraft. united airlines has reported a loss for the first three months of this year but says with summer travel around the corner, things are looking up the corner, things are looking up for the rest of the year. let s bring in our business reporter katie silver who has been monitoring the story. katie, the travel industry recovered very strongly after the reopening from the pandemic stop on the first quarter, not looking so great. stop on the first quarter, not looking so great. that s right and it s because looking so great. that s right and it s because costs - and it s because costs are definitely weighing on the profit margin. they do say for example that come april, going forward, they are expecting demand to pick up. that is despite the cost of living crisis, despite mov