Breaking overnight, the iranian president and foreign minister of iran killed in a Helicopter Crash. Lets get to correspondent Richard Engel with more. Reporter we just got word a few hours ago that the helicopter carrying the president of iran, raisi and the foreign minister and others crashed. There was a search and rescue operation where they did not find any survivors in the crash debris. This delegation of three helicopters and one went down carrying the president after he left the border area of iran and azerbaijan in foggy conditions. I have spoken with u. S. Officials who say the cause was foul weather. Iran, lots of speculation on social media, eiran is not pointing fingers at israel or the United States. This does create a few leadership issues or potential succession crisis for the Supreme Leader in iran. The president in iran doesnt call the shots. He carries out the policy of the Supreme Leader. President raisi was not exactly tapped. It is more hidden politics in iran. He
Welcome to bbc news. Cabinet ministers spent the morning locked in discussions over brexit. Ahead of a major speech in italy by theresa may tomorrow. Mrs may is said to be preparing to make what one minister called an open and generous offer to the rest of the eu. The Prime Ministers intervention is being seen as an attempt to break the deadlock on the negotiations with brussels. Downing street insists the government is working together to get the best deal for britain, despite continued speculation about division among ministers. Heres our political correspondent, iain watson. Open and generous as the Prime Minister arrived at downing street to share the contents of her speech with the cabinet, one minister told the bbc that was exactly the kind of offer theresa may was prepared to make to the eu. It sounded like a strong hint she was willing to cough up cash in future to move the Brexit Process forward. But do all her colleagues agree . Is the Prime Minister going to make an open and
Slightly. The Chinese Markets were closed for the dragon boat festival holiday. The nikkei ended flat. Down by 4. 5 points. In europe, some of the early trading, youll see right now it looks like things are flat for the dax. In germany the cac is off, and in london stocks down by a third of a percent. Crude Oil Prices Last week were all over the map. Ended up down 50. This morning down to 49. 57. Several headlines out of europe this morning. It is the euro moving following comments by mario draghi. Draghi signaling the bank is not yet ready to unwind simplus measures decemb s simplus st s measures. Lets look at the euro, at 1. 11 right now. A greek government spokesman denies that greece will opt out of the next bailout payment. Athens was weighing the option, but the greek spokesman said there will be a solution reached when european minute centers and minute centers and i sglooifrnlgts ministers meet. British airways saying Computer Networks are operating normally today after an outa
Price. Hans, you are following the ukraineimf bailout. We are waiting, expecting a bailout to be announced somewhere in the range of 15 billion. That money will free up eu money, and japanese money and u. S. Loan guarantees. Arrive soonerld in ukraine to get their economy back up and running. Expecting 3 contraction for the year. Thank you so much. Hans nichols will be watching the developments there throughout the day. We also have our correspondent in basel watching luxury watches and the impact that tech could have on them. What are we watching today . Data. You will get one of the final readings on u. S. Gdp. In the uk, we will see whether retail sales have slowed. Were going to get u. S. Jobless claims. With all of that in mind, we anl keep an eye on investigation in terms of stock trading. Looking touities are open a little bit softer. Obamas rhetoric shifting up a gear. Warning a deceleration is needed in terms of russias decision in crime your. Merkel getting ready for tougher
To announce whether the furlough scheme will continue, and how. Elite sport is given the go ahead to start again from june i, but there will be no fans in stadiums for a long time, with no date set for when theyll be allowed to reopen. Elite sport is given the go ahead to start again and widespread frost for england and wales, parts of scotland could see snow. Details later. Its tuesday may the 12th. Our top story. Borisjohnson has defended his plans to relax the lockdown rules in england at a faster rate than the rest of the uk. The government has issued guidance to try to clear up some of the confusion that has surrounded the proposals. In england from tomorrow people can go outdoors as often as they want and can meet with one person from another household in a public space as long as social distancing is respected. If you cant work from home the advice is to go back to work from tomorrow. Guidance on how public transport can cope will be issued later today. In a new development for