Point to 3. 5 . So have those eurozone nations turned a corner on inflation . Joining me now is charles younes, deputy chief Investment Officer at financial Analysis Company fe info. Good to have you with us. Make that link for us. We saw that cut earlier in the week, and it seems as though it backs up that decision they made earlier. Yes, i fully agree with you on that point. The ecb has been very clear, they have been slow in Cutting Rates, and really it is about inflation. So the number given this week confirms that the ecb needs to be very slow in Cutting Rates. It that the ecb needs to be very slow in Cutting Rates. Slow in Cutting Rates. It also suggests slow in Cutting Rates. It also suggests that slow in Cutting Rates. It also suggests that the slow in Cutting Rates. It also suggests that the european | suggests that the European Central Bank had a very different tactic versus the Bank Of England and the us federal reserve. What does it tell about their thinking and whether the
at verisk maplecroft. if erdogan continues down this path of policy that he has embarked upon, do you think turkey will be defaulting on its debts any time soon? thank ou. its debts any time soon? thank yom yes. its debts any time soon? thank you. yes, well, its debts any time soon? thank you. yes, well, the its debts any time soon? thank you. yes, well, the turkish - you. yes, well, the turkish lira partly as a result of economic policies under the current turkish government has lost about 80% of its value over the past five years. and in the lead up to the election, one of the ways in which the central bank was holding it off was drawing on its foreign exchange and gold reserves. although that props up the lira it is not necessarily sustainable in the long term and if turkey is no longer able to finance imports or to service its external debt it could end up default. there are corrective actions the turkish government can take to try and hold off that risk but we have
the b2/b3 mixed pairs bowls. and later in the hour. brad pitt is back, in bullet train. does his new film hit the mark? find out in the film review at 5.45pm. hello, a very good afternoon. a series of hosepipe bans has come into force in parts of southern england as a lack of rainfall continues to put pressure on water supplies. this means that using hosepipes to water gardens, clean cars, fill ornamental ponds and swimming pools will not be allowed, following the driestjuly in england since 1935. today s ban has just come into force at 5.00pm and affects customers of southern water in hampshire and the isle of wight. people who break the rules could receive a warning or in extreme cases, a fine of up to £1,000. abouti million south east water customers in kent and sussex will face measures from next friday 12th august. companies in other parts of the country are planning similar moves in the coming weeks. 0ur correspondent, zoe conway, has the latest. i ve actually used t
A Managing Directorfrom the carnegie council. Thanks forjoining us. What you make of those comments from the Federal Reserve governor . What do you. It is from the Federal Reserve governor . What do vow what do you. It is a reasonable statement what do you. It is a reasonable statement. Based what do you. It is a reasonable statement. Based on what do you. It is a reasonable statement. Based on economic i statement. Based on economic projections, it turns out that it is always surprising, so the rush to cut rates is probably not as necessary and it may actually derail the progress we have made towards inflation and the secret here is that the Balance Sheet for the fed is likely to take a huge part in how rates behave in the second half of the year. Even though we expect rate cut delays, the Balance Sheet run off stemming quite a bit here is going to be the major story for the second half. Going to be the maor story for the scene half. Going to be the maor story for the scono half. Seco
To develop ai systems responsibly. They include google, amazon, meta, microsoft and openai. Joining us now is Bbc Technology journalist chris vallance, whos in our edinburgh studio. Tell us a bit more about this agreement . The summit is a follow up to the summit in november at Bletchley Park, and its aim essentially is to continue that work. It is a two day summit, the start of it virtually attended by Prime Minister rishi sunak and his south korean counterpart. The second day brings together digital ministers, and they will look at a range of issues including things like the Environmental Impact of ai, issues of bias, the impact onjobs, which is interesting because the focus on the Bletchley Park summit was the catastrophic scenarios. Those particular items on the agenda much more here and now concerns. Broadly, thatis more here and now concerns. Broadly, that is what the summit is hoping to achieve. There was talk about it possibly being lacklustre and so much surprise when this mor