new figures here in the uk show that the rate at which prices are rising has fallen sharply, hitting single figures for the first time since last august. the annual rate for april fell to 8.7%, down from 10.1% in march, but still higher than predicted. a quick global comparison in the us, the rate of inflation stood at 4.9% in the 12 months to april, falling for the tenth month in a row. the eurozone rate rose slightly in april to 7%, but that figure is still down from 8.5% in february. the bbc s economics correspondent andy verity explained. if you want to be half full, at least it s in single digits now. for three months in a row, it s defied expectations it would drop into the single digits, and it stayed in double digits. so that has been coming down, and there are some nice signs like for example, petrol is cheaper than it was a year ago, some second hand cars have been coming down in price, and generally goods price inflation, which has been driving this, has subsid
with these two: the university of sussex. and we will assess the impact on business with wayne griffiths, the big boss of the car maker seat, which has just announced an electric car battery plant in spain. he lljoin me for an exclusive interview. and later in the programme, the man behind the cinema magic. i will speak to the boss of visual effects giant framestore, sir william sargent. i will ask him about working on the world s biggest movies and what the future holds forfilm, tv and gaming. wherever you arejoining me from around the world, once again, a big hello and warm welcome to the show. just days before the un issued its latest wake up call to the world about global warming, the european union laid out its ambitions to boost the green economy. it has announced plans for massive subsidies for green tech to match the near $400 billion already committed by us presidentjoe biden in his signature information reduction act. in washington, dc the issue topped the agenda at
after it failed to follow instructions to head to sicily. the craft was helping three migrant boats. now on bbc news talking business. welcome to talking business. let s have a look at what is on the show. a crisis forcing governments to invest billions to avert a catastrophe. it is not the banking crisis, though. it is the climate crisis. as europe goes head to head with the united states on subsidies for green investment we will ask what it means for business, international trade, and the future of the planet. i will discuss that with these two: and we will assess the impact on business with wayne griffiths, the big boss of the car maker seat, which hasjust announced an electric car battery plant in spain. and later in the programme, the man behind the cinema magic. i will speak to the boss of visual effects giant framestore, sir william sargent. i will ask him about working on the world s biggest movies and what the future holds forfilm, tv and gaming. wherever you arejo
and his supporters. we start with the troubled global banking sector. european markets have closed down more than three percent, spooked by a major sell off of shares in the swiss banking giant, credit suisse. coming days after the collapse of us based silicon valley bank, it s prompted fears of a full blown crisis in the sector. let s take a look at the damage at the close in europe today. shares in credit suisse plunged to a record low, falling 24%. that came after its biggest investor said it could not give the bank any more financial help. here in the uk, the insurer prudential tumbled 10%, and the high street bank barclays, 8%. the plunge by banking stocks left london s ftse 100 down almost 4% at its lowest level this year. it was the index s worst one day performance since the start of the covid 19 pandemic. taking a closer look at credit suisse today was the second day of sharp falls for its shares after the swiss bank yesterday disclosed that its auditor had identif
by the effects of strikes by public sector workers. the office for national statistics said that a rise in construction activity had been offset by walkouts by teachers and civil servants. it follows a surprise 0.4% jump in economic growth injanuary which brings the uk economy, finally, to a point where it is bigger than it was pre pandemic. the value of sterling rose to its highest level since june of last year, with £1 getting you i dollar and twenty five cents. despite february s flatlining the chancellor described the outlook as brighter than expected . let s get more now with victoria scholar, head of investment at interactive investor. investor. investor. the investor. the last investor. the last few investor. the last few minutes investor. the last few minutes we investor. the last few minutes we had investor. the last few minutes we had at the in the last few minutes we had at the elite has production data from the elite has production data from the euro is aime