and driving hands free around the streets of london, we take a look at the driverless car that may be a gamechanger. let s now get down to business. let s start in the us, where it looks like interest rates will be headed higher and higher. speaking to a senate committee the chair of the federal reserve, jerome powell warned more action might be needed to stabilise prices and tame inflation. many analysts had been expecting another quarter percent rise when the fed meets later this month, but now some are predicting an ever bigger increase. investors didn t like the news, as you can see it sent us financial markets tumbling. the dow, nasdaq and s&p 500 all saw a sell off after powell s comments. our north america business correspondent samira hussain reports from new york. last year, the federal reserve raised interest rates at the fastest rate since the 1980s and it seemed to have helped inflation a little but the labour market remains resilient. the lastjob through sport sh
that s the warning vfrom the head of america s central bank, the federal reserve. jerome powell warned more action might be needed to stabilise prices and keep inflation in check. many had been expecting another quarter percent rise in interst rates when the fed meets later this month, but after those comments, there are predictions that the rise could be even bigger. that s been enough to spook investors. it sent us financial markets tumbling. the dow, nasdaq and s&p 500 all saw a sell off after powell s comments. similar story in asia with hong kong s hang seng. and here s our north america business correspondent samira hussain to explain what it all means. last year, the federal reserve raised interest rates at the fastest rate since the 1980s, and it seemed to have helped inflation a little. but that labour market, it remains resilient. the lastjobs report showed a blockbuster increase of more than 500,000 jobs added injanuary. that s why the fed chair, jerome powell, bas
wales as we saw and through the course of today we will see that transferring to parts of the midlands, the north of england and northern parts of london. notice in the south that it is mostly rain and all the while in northern ireland and southern parts of scotland it is bright today and clear at this evening. then later on tonight we re looking at the next low pressure sweeping in bringing the next spell of potentially quite disruptive snow for more central parts of the uk. so today the weather front moving away in the next area moving into ireland and reaching northern parts of wales in the morning. that transfers to the north of england, a wintry mix in liverpool for example. manchester, nottingham, sheffield and further north in lancashire. certainly the peak district and into the lake district and the north east, and this is the area where we could have disruptive snow tomorrow. elsewhere it is rain and look at those temperatures. by the evening tomorrow the snow really
jerome powell is due for a second day of testimony in front of lawmakers and his words literally move markets. on tuesday, he warned that the price of borrowing that s the base us interest rate may have to be raised more than many hoped and markets quickly took a dive. with a sell off in the us and asia. here s how it s being picked up in europe today. this is the state of play, inheriting some of that uncertainty that started in the us and translated through to asia. there is cam coming back to those numbers but markets are still trying to work out what all of this could mean for them. samra hussain is in new york for us. talk to me about what we heard yesterday and why markets are nervous about what could be coming down the line. nervous about what could be coming down the line- down the line. when we spoke on monday we down the line. when we spoke on monday we talked down the line. when we spoke on monday we talked about - down the line. when we spoke on monday we
spoken to after he criticised the government s immigration plans on social media. unacceptable. kyiv denies any involvement in reports that a pro ukrainian group was behind september s attack on the nord stream pipeline. i think that the investigation i official authorities will describe every detailed, because it s like - a complement for our special forces, but this is not our activity. a crime the two victims. how gangs forcing migrants carry out online scams worth hundreds of millions of dollars. police in pakistan used tear gas and water cannon to disperse supporters of the former prime minister and ron con ahead of a planned rally imran khan. princess lilibet diana was born injune in 2021 and christened on friday. hello. the british prime minister has been defending his government s new plan to stop migrants arriving illegally in the uk on small boats. rishi sunak told the house of commons that only the conservatives would stop the boats. but the labour leader