lets now get down to business. the biggest interest rate rise since 1989. that s what we are awaiting from the bank of england in just a few hours time as it battles to control soaring prices. the bank is widely expected to raise its benchmark rate from 2.25% to 3% pushing up the cost of mortgages, credit cards and loans. it comes as america s central bank the us federal reserve raised its main rate by three quarters of a percentage point and warned borrowing costs will have to go higher than many are expecting. michelle fleury has this from new york. this is the fourth time in a row that the us central bank has raised interest rates so aggressively, with another hike possible in december. the rapid pace of increases is in response to prices that have been rising at their fastest pace in four decades. now, as the race to beat inflation continues, the question for everyone is, will mr powell and his colleagues really keep up this pace? in its statement, for the firs
products and food and materials that are coming on board a lot more efficiently. so that s going to be the name of the game. and obviously we re talking about recycled seats. we are talking about different materials, 3d printing, all of those things that are coming in. we are rethinking how we use water tanks or waste tanks that are going on the planes. what are the new materials that we could use to make it lightweight? this is priority number one for our engineering teams. good to hear! last week was a brutal one for the tech giants of silicon valley with hundreds of billions of dollars wiped off the values the likes of amazon and google owner alphabet as they warned of consumers cutting back spending. but on wednesday, online market place ebay rather bucked the trend actually doing better than investors were expecting. it says customers are looking for second hand and refurbished bargains. and it s cashing in on the growing trend of collecting everything from sneakers to watch
and directors and the major tech giants of silicon valley. there were enormous deals in the works. six month later, khashoggi was murdered. and there was a freeze for about a year or two. but i would say that that s pretty much behind the saudis, and you have what is now the kind of schizophrenic experience where, you know, six flags, the big amusement park company, the biggest amusement park company in the world is building a huge amusement park outside riyadh. there is a film festival about to happen, i believe next month injeddah. there is a lot going on in saudi arabia which involves western media companies, entertainment companies, and they appear to have turned the page. sanam vakilfrom chatham house, a good point to bring you in. are you surprised there is not more pushback, given what happened with khashoggi?
and in fact, khashoggi s murder which happened exactly three years ago came only six months after the crown prince and nbs did this major trip around new york and silicon valley and la and had dinner with all the major movie stars and directors and the major tech giants of silicon valley. they were in deals in the works. six month later, khashoggi was murdered. and there was a freeze for about a year or two. but i would say that that s pretty much behind the saudis, and you have what is now the kind of schizophrenic experience where, you know, six flags, the amusement park company, the biggest amusement park company in the world is building a huge amusement park outside riyadh. there is a film festival about to happen, i believe next month injeddah.
for their engagement with saudi arabia? very, very little. and in fact, khashoggi s murder which happened exactly three years ago came only six months after the crown prince and nbs did this major trip around new york and silicon valley and la and had dinner with all the major movie stars and directors and the major tech giants of silicon valley. they were in deals in the works. six month later, khashoggi was murdered. and there was a freeze for about a year or two. but i would say that that s pretty much behind the saudis, and you have what is now the kind of schizophrenic experience where, you know, six flags, the amusement park company, the biggest amusement park company in the world is building a huge amusement park outside riyadh. there is a film festival about to happen, i believe next month injeddah. there is a lot going on in saudi arabia which involves western media companies, entertainment companies, and they appear to have turned the page. sanam vakilfrom chatham house, a go