And that tells you the world cup could be a big bonanza for businesses, coming at an opportune time when indians have already begun losening the Purse Strings ahead of the big festive season. Even Online Food Delivery companies and streaming apps could benefit substantially, as millions tune in, with their food and drink to watch the matches. Some reports even suggest that disney, the official media partner, has tied up with as many as 20 brands for Sponsorship Deals across online and tv platforms. This is clearly notjust a game, notjust religion, but a big, big money spender. To new york, where the trial of crypto giant Samuel Benjamin Bankman Fried is under way. Prosecutors and his defence team both made their Opening Statements to jurors in was expected to be a six week long trial. Our north American Business correspondent erin delmore reports. The prosecution and defence offered the newly selected Jury Duelling Narratives that are set to define this trial, asking them to decide whe
Back the project further would be a mistake. Mr sunak is due to speak at around 11 40. As talk to our Political Correspondent nick eardley. Whats the atmosphere like here . We are heading a major speech from the Prime Minister, a speech that will focus on Notjust Policy but also the personality of the politician delivering it. Its but also the personality of the politician delivering it. Politician delivering it. Its a Hue Politician delivering it. Its a huge moment politician delivering it. Its a huge moment for politician delivering it. Its a huge moment for the politician delivering it. Its a huge moment for the prime j politician delivering it. It s. Huge moment for the Prime Minister, because we have been chatting all week on bbc news about whether rishi sunak had got a lift off that he needs to try and make up some of the ground in the polls. I think the answer so far is frankly no stop ive been chatting to tory mps, Texting Tory Activists about their reaction and i think they al
44 year old man has been arrested on suspicion of wounding with intent to cause grievous bodily harm. The xl bully dog was destroyed at the scene. Police say in order to make sure the safety of the public. We will bring you many developments. Lets turn to the conservative Party Conference in manchester where in just over an hours time, the Prime Minister is expected to confirm that the part of europes biggest Infrastructure Project the h52 high speed rail line connecting london to the north of england will not be built as planned. Costs have risen and the train line, which is already being built from london to birmingham, will not continue onto manchester. Hs2 trains will still run to the city, but on slower existing tracks, defence secretary grant shapps said earlier. The route from birmingham to leeds has already been scrapped. Lets get more reaction about the future of the h52 rail link. Frances read is at euston which is the designated terminus in london. What has the response been
Gloom, they said, is now spreading across the continent. Youre economy commissioner. The European Economy is struggling. Are you gloomy . Well, the economy is struggling. Im not gloomy. Ijust propose to look to what we were expecting exactly one year ago. So, beginning of october 2022, we had a double digit inflation. We were expecting recession. And indeed we were also concerned about Energy Supply blackouts because, of course, leaving the russian fossil fuels was not at all an easy story. So if we want to look to the optimistic side of the moon, i think we would say that, yes, we avoided recession. Yes, we have now inflation at 4. 3 , which is very far from the double digit inflation one year ago. And the economy is still growing. But, of course, you are right, the economy is struggling because very low growth. How long with this slow growth. That is the point, isnt it . Low growth is your problem. The imf has reduced Growth Forecasts across the European Union down to less than 1 , 0
Long term decisions for a brighter future, or short term jockeying for advantage . Rishi sunak sets out his stall for the coming election. The northern leg of h52 is cancelled. The Prime Minister insists that every penny of the £36 billion intended for that rail link will be spent on other projects. There were a raft of other announcements too, sold like this. Politics doesnt work the way it should. Weve had 30 years of a political system which incentivises the easy decision, not the right one. 30 years of vested interests standing in the way of change. 30 years of rhetorical ambition, which achieves little more than a short term headline. Weve gathered politicians to weigh up whether the reformist pitch is credible for a party already in government. Could it even be an election winner . And speaking of 30 years ago. Things can only get better now ive found you. With so many Big Government schemes especially in education and health reliant on private finance deals, we reveal the soari