You expecting . I think there will be a rate rise and everyone you expecting . I think there will be a rate rise and everyone is a rate rise and everyone is expecting 0. 25 from the bank today. The challenge it has is that its looking at what inflation has already done and we know Interest Rate rises take quite a while to filter through. Rate rises take quite a while to filterthrough. Is rate rises take quite a while to filter through. Is any danger here that rates go too high and therefore strangle the economic recovery . There is always a risk when putting Interest Rates up, its a really hard job to do. To know that when youre putting your foot on the accelerator that is going to do the right thing because there are lots of lags in how long it takes. In general, you get the sense of the Bank Of England and the message, they are more concerned about doing nothing, they feel that they can dial back on that a little bit more than letting inflation continue to persist. Obviously, the ris
The team working on the project were told the iphone giant was shifting its focus to ai. In fact, some of the people who worked on the car will be moved to apples Artificial Intelligence division thats according to bloomberg while those who cant find jobs elsewhere in the company, they face lay offs. Apple shares rose nearly 1 on the news. As one tech analyst put it, by abandoning its dream to transform the auto industry, it will increase pressure on apple to do something profound in the area of Generative Ai. Staying with tech, and people tend to associate Us Company Nvidia with chips and Artificial Intelligence but not necessarily with retail. Azita martin leads nvidias ai initiatives for the retail industry, including Generative Ai that can produce content like text, images or other data when prompted. Our north America Business correspondent erin delmore asked her about how ai is changing the Shopping Experience for customers, both in store and online. Ai enables you to really have
the people who are affected most by high interest rates would tend to be younger households. older people, older house holders, are more likely to have paid off their mortgages they are mortgage free so they don t feel the impact of the increase in mortgage rates. you could spread the pain more broadly, so those households that, perhaps, aren t facing higher mortgage rates currently households that don t hold mortgages would potentially contribute towards the squeeze in demand by paying higher taxation. you could argue for a property tax, for example. yet there are also practical problems with using tax and spending policy to control inflation. history suggests it s hard to get the timing right, and when it comes to tax and spending political considerations often interfere unhelpfully. this is why the practice in recent decades has been to leave inflation control to the independent bank of england. however there is certainly more open thinking going on among respectab
now on bbc news, newscast. chris, we re going to have a foreign affairs focus in this episode. what was the most memorable foreign trip you ve done as a journalist? can i do two? 0k. and they re at opposite ends of the kind of spectrum. so the first one was being in kosovo when it declared its independence, and seeing the power for a people and a nation of that moment. but it was a contested moment because there were countries around the world that didn t recognise kosovo. serbia in particular was pretty angry about it. so that would be my serious one. and then because news is the full spectrum, the world santa claus congress in copenhagen, which involved hundreds of santas cycling around the danish capital for the hell of it. i remember being on newsround and going to delhi to cover that festival where everyone throws coloured dye each other. but for some reason, we didn t factor in enough time for us to get showered and clean our clothes before the next stage of our trip, w
yevgeny prigozhin called off his rebellion after 24 hours of mayhem. roadblocks to stop his wagner forces are filled in, as the crisis is diffused. after a direct threat to his leadership, the questions over vladimir putin s future. well forces in ukraine assess how the turmoil will affect the progress of the war. also this morning, the public toll, they can now call 999 after earlier technical fault. plus, labor calls for mandatory help for homeowners struggling to meet rising mortgage payments. and the princess of wales takes on roger federer as she praises the work of ball girls and boys ahead of wimbledon. good morning. now, the rebellion by the russian mercenary leader yevgeny prigozhin appears for now, to be over. the russian president vladimir putin called it a knife in the back of our people, and said that his forces were traitors. but a deal has now been negotiated by belarus and the kremlin, said the rebel leader will be allowed to leave the country and his fighters