lower but to put that into context it was at zero in europe this time last year. and in the world s largest economy the us, the cost of borrowing is at 5% to 5.25%. but critics point out rising interest rates is a blunt tool that comes with its own set of dangers that can pose further risks to the economy. so what else can be done? well, central bankers are getting together today in portugal to chew over this challenge. joining me now isjennifer mckeown chief global economist at capital economics. good morning to you, jennifer. so it s a lovely location, portugal, you got christine lagarde there, andrew bailey, jerome powell among others, what do you think they will chew on? of course they re all increasing the cost of borrowering and in some places like the uk, so far it s having little effect. little effect. yeah, you re ri . ht. little effect. yeah, you re right. beautiful little effect. yeah, you re right. beautiful location, | little effect. yeah, you rel right. be
one thing remains certain, the security of our continent depends on ukraine security of our continent depends on ukraine winning this war. i commend the foreign ukraine winning this war. i commend the foreign secretary for hosting ukraine the foreign secretary for hosting ukraine recovery conference last week ukraine recovery conference last week following discussions with foreign week following discussions with foreign ministers. is he confident ukraine foreign ministers. is he confident ukraine will get the humanitarian support ukraine will get the humanitarian support it ukraine will get the humanitarian support it needs in the months ahead question support it needs in the months ahead question mark and when we going to -et question mark and when we going to get on question mark and when we going to get on with question mark and when we going to get on with not just freezing but seizing get on with not just freezing but seizing russian state assets as ou
of the titan sub were dismissed by the company s ceo. also on the programme: us presidentjoe biden and vice president kamala harris are joining the democratic national congress as well as other pro choice advocacy groups to mark one year after the us supreme court s decision to overturn its landmark 1973 ruling on roe v wade. and the tents have been pitched, the sun has been shining and now two hundred thousand people will spend the weekend enjoying some of the worlds biggest music stars. yep, it can only be glastonbury. tonight with the context, paul waugh chief political commentator for the i paper and jennifer carroll who was the former lieutenant governor of florida. hello to you both and will be taking us through our headline stories this evening. we start with those developments on the death of five people on board the submersible which went missing in the atlantic on sunday. canada s transportation safety board has announced an investigation because the titan s surfa
first, though, iwant first, though, i want to focus on ukraine and specifically on kramatorsk. we have been getting these reports in and we can see these reports in and we can see these pictures here. these are the aftermath, effectively, of a russian attack on an area of the city popular with restaurants and, just to warn you, we are getting some distressing details in about what people there are reporting. officially, two people have been killed, 22 injured. that is from ukrainian officials, but as you can see from some of the pictures there, the extent of the damage, rescue efforts still ongoing, it is a restaurant and shopping area, city centre, basically, so as you can imagine, pretty busy, and are reports of people being trapped under the rubble and the debris there. so, this detail coming through in the last couple of hours. we will be keeping across exactly anti development from ukraine. meanwhile, though, iwant anti development from ukraine. meanwhile, though, i want