for a record fourteenth time. the kick off was delayed by 30 minutes, as police used tear gas on some fans struggling to get into the stade de france. more than 60 people were arrested. and the top prize at this year s cannes film festival has been awarded to sweden s ruben 0stlund. his movie, triangle of sadness received the palme d or, for outstanding film. the leaders of france and germany have made a joint appeal to president putin to hold serious talks with the ukrainian president, volodymyr zelensky, as russia claims to have made strategically significant gains. ukraine has warned it may have to withdraw from severodonetsk, the easternmost city it still controls. it comes as the russian ambassador to the uk told the bbc that moscow will not use tactical nuclear weapons in the battle for ukraine. our world affairs correspondent caroline hawley reports. russian forces in action in eastern ukraine, where they re making advances. moscow says its forces have captured the t
of a black man being asphixiated in the back of a police car causes shock and anger. real madrid win the champions league final, after a 1 nil victory over liverpool in paris. the spanish football side take the title for a record 14th time. the kick off was delayed by 30 minutes, as police used tear gas on some fans struggling to get into the stadium more than 60 people were arrested. and the top prize at this year s cannes film festival has been awarded to sweden s ruben 0stlund. his movie, triangle of sadness, received the palme d or for outstanding film. the leaders of france and germany have made a joint appeal to president putin to hold seroius talks with the ukrainian president, volodymyr zelensky, as russia claims to have made strategically significant gains. ukraine has warned it may have to withdraw from severodonetsk, the easternmost city it still controls. it comes as the russian ambassador to the uk told the bbc that moscow will not use tactical nuclear weapons in
of a black man being asphixiated in the back of a police car causes shock and anger. real madrid win the champions league final, after a 1 0 victory over liverpool in paris. the spanish football side take the title for a record 14th time. the kick off was delayed by 30 minutes, as police used tear gas on some fans struggling to get into the stadium. more than 60 people were arrested. and the top prize at this year s cannes film festival has been awarded to sweden s ruben 0stlund. his movie, triangle of sadness, received the palme d or for outstanding film. hello and welcome to bbc news. the leaders of france and germany have made a joint appeal to president putin to hold serious talks with the ukrainian president, volodymyr zelensky, as russia claims to have made strategically significant gains. ukraine has warned it may have to withdraw from severodonetsk, the easternmost city it still controls. it comes as the russian ambassador to the uk told the bbc that moscow will not u
in a move that could push the country closer to default. the treasury department said it would end a waiver that had allowed us bondholders to accept payments. russia has almost $2 billion worth of payments on its international bonds that will be due up to the end of the year. joining me now is patrick reid, co founder of the adamis principle. i guess the place to start with this is how close it will bring russia to default in common what would happen if it does? thank you for having me on. it isjust another nail thank you for having me on. it is just another nail in the russian economy, and we cannot underestimate the consequences and dangers of a default. it is not quite like 1998, but it is not quite like 1998, but it is not very good for russia long term. now, a ten year yield on a russian bond will get you about 10% right now. that is not enough. russia s central bank raised interest rates to 20%. they are now currently 1a. that is not going to be enough either. essentia
Its high Interest Rates. North America Business correspondent Erin Delmorejoins Me now. Good to see you. Put a bit of contact around the numbers for us. Sure, so this is not the Inflation Report a lot of people were looking for because remember, we saw hotter than expected Inflation Injanuary and february today we see that data again in march. And not only is it higher than expected, but we are seeing this trend upwards. And thats not what the fed wants to see when they talk about Cutting Confederates Interest Rates this year. The expectation when wrapping up year. The expectation when wrapping up 2023 was we could see as many as three Interest Rates cuts this year, as soon asjune. But when you see inflation is sticky and persistent as we see in the data, that becomes harder to envision, and indeed when this came out at 8 30am est today, you saw the expectations for that june Interest Rates cut drop. find june Interest Rates cut drop. And how does that june Interest Rates cut drop. An