for the us government to borrow money for 30 years. the big spike at the end is the concern. that is the cost of borrowing over 30 years. the us government is being forced to pay more as investors worry they will lose out when compared to the returns they can get from those higher interest rates. it's a similar story in the uk where like other governments there will be concern in the corridors of power that it costs more to pay off the national debt and so there is less cash for other things. simon french is chief economist at the uk investment bank panmure gordon and i asked him to explain to me what is going on. your summary was pretty accurate. the higher—for—longer interest rate environment is spooking investors who have been for at least 15 years of the view that central banks have their back in terms of keeping interest rates low, but also buying government debt, quantitative easing, money printing, which many viewers have been familiar with over the last 15 years, has gone into reverse and we are talking about quantitative tapering. what is that? that is those same central banks selling back government debt into the private sector for households and businesses to go and buy. well, the clearing price, the interest rate that has got to be given up in order to get those people to buy that debt, is moving higher because that is where you will find additional buyers to buy this additional debt in the current environment. so let's talk about the implications first of all for government spending, given that if it is becoming more costly for them to borrow, what does that mean for the wider economic outlook? well, it is correct. all parts of the world, certainly parts of the developed world, are grappling with particular issues regarding capital investment to fund the transition towards net zero, to fund a technological revolution post—pandemic, and with lots of caution around the strategic positioning of china and russia, a lot of shoring off capacity, all that costs money. and the challenges for governments is those investments, as anybody who has made an investment themselves, at either business or household level, if your cost of borrowing has gone up the number of investments that are viable, that are benefit positive, start to go down, so there is a worry of course that the public sector, governments around the world, will be able to fund far fewer of those projects in the current interest rate environment than the ones they planned just a few years ago. and, simon, it reminds usjust how interlinked all these things are. just when our attention was on the cost of borrowing, interest rates we thought were starting to peak and may start coming down again, this raises its ugly head, but it shows how interlinked all of this is and as consumers it has an effect on us as well. it absolutely does. a lot of borrowing at consumer level, be it mortgages, loans, credit cards, is intrinsically linked to the value of government debt and interest rates between the financial systems, so this may appear remote for some viewers, but it is very relevant for the forward pricing of consumer products and the degree to which consumers are going to have to for a protracted period of time pay considerably higher for their own borrowing. simon french there who is chief economist at the uk investment bank panmure gordon pretty volatile markets over the course of today. a new york court is set to hear the opening arguments for what is being billed as the biggest financial fraud in us history. the former crypto billionaire sam bankman—fried has denied claims that he stole billions of dollars from customers and investors. 0ur north america business correspondent erin delmore is following the case in new york. what do we know about what has happened so far today?— what do we know about what has happened so far today? there is a lot of fanfare _ happened so far today? there is a lot of fanfare outside _ happened so far today? there is a lot of fanfare outside the - lot of fanfare outside the courthouse today and sam bankman—fried is appearing in court. his parents made their way to the courthouse earlier this morning. todayis courthouse earlier this morning. today is about opening arguments. both sides will have a chance to present their opening arguments and it will be expected to take around an hour and have to two hours, then we will move on to hearing from witnesses. there is a question about who the prosecution will choose to call first. they can call on one of the chief executives of the two companies and they are cooperating with government prosecutors here and they are expected to be some of the big headline testimony that we see over the course of the next few weeks. another option is hearing from fdx customers who they say were defrauded by sam bankman—fried and sam bankman—fried denies those charges. i sam bankman-fried denies those charaes. ~ ., ., ., ., charges. i know you will follow that for us, all charges. i know you will follow that for us. all the _ charges. i know you will follow that for us, all the twists _ charges. i know you will follow that for us, all the twists and _ charges. i know you will follow that for us, all the twists and turns - charges. i know you will follow that for us, all the twists and turns in i for us, all the twists and turns in what could be the biggest financial fraud in us history. aston martin is perhaps best known as james bond's car of choice but it's hoping that come 2025 it will also be known as the winner of the prestigious le mans car race. it's a 24—hour test of engineering and endurance and the company hasn't won it since 1959. but today it's launched the new prototype of the valkyrie hypercar which it hopes will get it across the chequered line. let's take you to the launch event at silverstone and aston martin's executive chairman, lawrence stroll. talk to me about this car because it is a lot of fanfare and hype and it is a lot of fanfare and hype and it is all about petrol heads, isn't it? it is a very special car we developed several years back and we have developed a road version and a racing version and it is our 110th year anniversary where we are very excited that our british brand with a british built car and a british team are going to be taking on the world's bests at le mans in 2025. we are very hopeful and we believe in the strong success and have been developing the vehicle this year and in 2024 to get ready for le mans, and we are going to america where we do famous tracks like daytona. what do famous tracks like daytona. what is the connection _ do famous tracks like daytona. what is the connection between the sort of high level sport and what we might see driving down a street near us? i am looking at the numbers, last year you lost half £1 billion, your shares have been volatile. some may say concentrate on the dayjob and not on this fancy high—end stuff. and not on this fancy high-end stuff. , . , and not on this fancy high-end stuff. , . _ , , and not on this fancy high-end stuff. ,. , , stuff. this fancy high-end stuff is very profitable — stuff. this fancy high-end stuff is very profitable for _ stuff. this fancy high-end stuff is very profitable for us, _ stuff. this fancy high-end stuff is very profitable for us, we - stuff. this fancy high-end stuff is very profitable for us, we make l stuff. this fancy high-end stuff is very profitable for us, we make a great amount of money selling these cars. we have a racing partner running the team and we are providing technology and selling the vehicle. by the way, this has tremendous commercial value and marketing value for the brand. these are our customers who we sell these cars too. there are customers who buy these cars and we have a gt three and a gt four following up that we are producing injanuary and they are extremely profitable and customers buy these cars to go racing at le mans and it is a highly profitable business and it gives us huge marketing options. the profitable business and it gives us huge marketing options. the reason i ask about petrol _ huge marketing options. the reason i ask about petrol head, _ huge marketing options. the reason i ask about petrol head, and _ huge marketing options. the reason i ask about petrol head, and forgive i ask about petrol head, and forgive me for using the slang, but we are talking about a change in the car industry, one being driven by environmental concerns. tell me about your plans to electrify. your electric car is not coming online until 2025. why does it take so long? until 2025. why does it take so lona ? . until 2025. why does it take so lam? ., ., , �* until 2025. why does it take so lonu? . ., , �* until 2025. why does it take so long? that doesn't take long, we will be the _ long? that doesn't take long, we will be the earliest _ long? that doesn't take long, we will be the earliest of _ long? that doesn't take long, we will be the earliest of our - will be the earliest of our competitors to have an electric vehicle in the marketplace and we will have our whole portfolio electrified by 2030, so we are not behind, we are rather ahead. lawrence, good to talk to you. executive chairman at aston martin. in other news: saudi arabia, the world's second biggest oil producer, has announced it will continue with a voluntary cut ofi million barrels per day until the end of this year. russia will also keep in place its own reduction of 300,000 barrels per day for now. production levels are keeping oil pricies buoyant. they've been creeping towards $100 dollars a barrel in recent weeks. uk supermarket giant tesco says its profits and sales jumped over the past six months as food inflation slowed. sales were up 8.4% for the six months to august, compared with the same period last year, and profits rose i3.5%. boss ken murphy says the company is trying to lower prices as customers struggle with cost of living pressures. around the world and across the uk. this is bbc news. bbc news bring you different stories from across the uk. stuart has surfed the severn for 50 years. when he catches a bore, it can be a ride that lasts for more than an hour. to see a wave going up a river in the middle of the countryside, with the cows and sheep running for cover. we saw two cranes yesterday. and you will see 1,000 birds, and salmonjumping, it is just being close to nature. unlike anything else in the whole world. this is like the eight wonder. his passion has taken him round the world. to france, borneo and china, where he was nearly out of his depth. it was enormous, about 25 feet high. but it was like an eight foot, ten foot lot of white water, and then a massive swell going into knee—deep water. and that bore that year had killed 1,200 people locally. everyone here knows stuart and stuart knows everything there is to know about a bore that is renowned in gloucestershire, and beyond. you're live with bbc news. more than 1.7 million afghans have been told to leave pakistan by november the 1st. pakistan's interior minister, sarfraz bugti, said illegal afghans would be expelled and their businesses seized if they stayed beyond the deadline. the afghan embassy in islamabad has accused pakistan of harrassing afghan immigrants. live now to omaha with hanif sufizada, a policy analyst at the center for afghanistan studies at the university of nebraska. thank you so much forjoining us. it sounds extraordinary, bearing in mind the numbers involved and the length of time they have been told they have to leave the country, so perhaps you could give us the background and the lead up to this. i think this is a very hasty and un—calculated decision because there are a lot of variables involved in this. it is not easy to say that the afghans who are not document it will leave the country in less than a month. this should have been in discussion with the unhcr and the outgoing government itself and the pakistani authorities and they should work it out how they can do this under conditions of safety and dignity, that is the most important thing for all afghans and other people who are living in pakistan. it will have repercussions for afghanistan and for pakistan in terms of the economic situation. the afghans who are living in pakistan bring a lot of money in terms of businesses and there are tribal relations between the cross borders. my relations between the cross borders. my own family members married pakistanis and there are afghans who married in pakistan. i think such a restriction will bar these relations and several people to people relations that the two governments have been working on. it will also bring some humanitarian crisis across the border. it bring some humanitarian crisis across the border.— bring some humanitarian crisis across the border. it sounds like an extraordinary _ across the border. it sounds like an extraordinary number _ across the border. it sounds like an extraordinary number of _ across the border. it sounds like an extraordinary number of people, i across the border. it sounds like an| extraordinary number of people, 1.7 million afghans. in terms of trying to leave pakistan by november the 1st, that is four weeks away? 2? 1st, that is four weeks away? 27 da s ist, that is four weeks away? 2 days exactly ist, that is four weeks away? 2 days exactly they will ist, that is four weeks away? 2 days exactly they will have to leave. i don't know how possible it will be because we have not heard anything from the unhcr. 0nly will be because we have not heard anything from the unhcr. only the taliban government gave a statement. but they have been working on two diplomatic means. these guys who have come to pakistan. they have taken over kabul and they have security threats in afghanistan, but we understand the pakistan situation and if there are any security threats they should be resolved through dialogue with the taliban government rather than pressuring the afghans who have almost lost their home and are homeless. 0r their home and are homeless. or should they go? they have come to pakistan to seek protection and safety. if that safety is not given to them i don't know where they should go. there are many people who are still waiting on applications who are waiting for their immigration status to the unhcr. these people will be badly affected. we will have to leave it there, but thank you for giving us your insight. let's return to our attention to nagorno—karabakh inside azerbaijan which is almost entirely deserted after most of the ethnic armenians living there left to escape violence in the area. the french foreign minister has been in armenia's capital project military equipment to meet the country's defence needs. state media in azerbaijan says that has prompted the president to decide against attending eu brokered talks in spain this week with armenia's prime minister to discuss the future of nagorno—karabakh. 0ur reporter told us about the french support for armenia. ., . us about the french support for armenia. . . , .,, ., armenia. france says it has agreed to sin a armenia. france says it has agreed to sign a contract _ armenia. france says it has agreed to sign a contract with _ armenia. france says it has agreed to sign a contract with armenia - armenia. france says it has agreed| to sign a contract with armenia that would allow it to supply military equipment to this country to help with its defence needs. this comes at a point when the relations between armenia and its strategic ally, russia, hita new between armenia and its strategic ally, russia, hit a new low. between armenia and its strategic ally, russia, hita new low. 0n ally, russia, hita new low. on tuesday the armenian parliament ratified the founding statute of the international criminal court which means that this country will be under the jurisdiction of the icc. the move has been welcomed by european leaders. they are saying that now armenia willjoin the 123 states committed to the rule of law. but it is seen as extremely hostile by moscow. moscow says that it is an unfriendly move and has warned of consequences for armenia. this country is dependent on russia economically and we are already hearing reports that armenia brandy is one of the main exports and products from this country and it is stuck on the border between georgia and russia and undergoing additional quality controls. russia has moved so called food wars against georgia, moldova and armenia in the past to punish the states for their unfriendly steps towards moscow. health officials in kenya are investigating a mystery illness, which put more than 90 school children in hospital in the west of the country. the students, from a girls high school in the town of kakamega, complained of knee pain and difficulty walking. 0ur africa health correspondent dorcas wangira told me more about the symptoms that the school girls are suffering from. so far the authorities have not yet established the illness, defined it, or tell people what is causing it. some samples were taken yesterday from the girls yesterday who were affected, blood samples and you're in samples, but none of that has been forthcoming. interestingly this illness displays in a way that beyond just having knee pain they are exhibiting leg paralysis. a lot of the girls together are all struggling to walk.- of the girls together are all stru: aalin to walk. . ~ , ., struggling to walk. take us through the symptoms _ struggling to walk. take us through the symptoms once _ struggling to walk. take us through the symptoms once again. - struggling to walk. take us through the symptoms once again. you - struggling to walk. take us through the symptoms once again. you say| the symptoms once again. you say they are struggling to walk. yes. they are struggling to walk. yes, and the unfortunate _ they are struggling to walk. 1a: and the unfortunate thing is they are struggling to walk. 12: and the unfortunate thing is people have been sharing videos online. but what you can see are girls walking together, and this was before they were taken to hospital, and they are having a bit of leg paralysis on the lower limb. those in hospital were also having difficulty breathing, sort of convulsing. some health experts who are not involved with this matter say it could be a case of mass hysteria. i must say that earlier this year in two the schools there were outbreaks of disease. however, they were diarrhoeal diseases and they were able to establish the cause which was contamination, but these cases are not the same. contamination, but these cases are rrot the same-— not the same. that is interesting, has anything _ not the same. that is interesting, has anything similar— not the same. that is interesting, has anything similar been - not the same. that is interesting, | has anything similar been reported elsewhere? but you are saying there are differences. remind us again of the numbers of children involved. well, i must say that when you ask me about this being unusual, four years ago there was a similar case in a different world from a school in a different world from a school in the capital nairobi. but they were not able to establish whether it was a bacterial disease and a viral disease and they looked at it as a case of mass hysteria. in terms of numbers, yesterday we were talking about 95 girls. health authorities say 106 have been affected. but only 30 are now in hospital. that was our africa health correspondent. i want to take you live now to san francisco where mourners are gathering at city hall to pay their respects to senator diane feinstein. she died at the age of 90. her supporters argue that san francisco just wouldn't be san francisco just wouldn't be san francisco without her. she was the first female mayor. shejoined barbara boxer, the first woman to represent california, in the us senate. they both won election in 1992, dubbed the year of the woman. lots of people are expected to pay their tributes to the us senator dianne feinstein. she died in san francisco. to stay with us here on bbc news. back in the late �*90s and 2000s, they were just about the most famous couple on earth. so well known they could be identified byjust two words — posh and becks. now a new documentary on david and victoria beckham has come out. it's called — appropriately enough — beckham. let's get a flavour of what it's like. i never really did well at school because all i ever wanted to do was play football. mr; because all i ever wanted to do was play football-— play football. my manager kept sa in: t play football. my manager kept saying try and _ play football. my manager kept saying try and keep _ play football. my manager kept saying try and keep it _ play football. my manager kept saying try and keep it under - play football. my manager kept - saying try and keep it under wraps, so we _ saying try and keep it under wraps, so we would meet in car parks and that is— so we would meet in car parks and that is not— so we would meet in car parks and that is not as easy as it sounds. classy — that is not as easy as it sounds. classy it — that is not as easy as it sounds. classy it is _ that is not as easy as it sounds. classy. it is really entertaining with _ classy. it is really entertaining with the — classy. it is really entertaining with the circus comes to town unless you are _ with the circus comes to town unless you are in _ with the circus comes to town unless you are in it — with the circus comes to town unless you are in it. it with the circus comes to town unless you are in it— you are in it. it is all right, buster. — you are in it. it is all right, buster, they _ you are in it. it is all right, buster, they can't - you are in it. it is all right, buster, they can't get - you are in it. it is all right, buster, they can't get in i you are in it. it is all right, l buster, they can't get in the you are in it. it is all right, - buster, they can't get in the car. we were drowning. but he just kept going _ we were drowning. but he just kept going i_ we were drowning. but he 'ust kept anoin. ., �* we were drowning. but he 'ust kept anoin. :, �* , we were drowning. but he 'ust kept anoin. .,�* , , we were drowning. but he 'ust kept anoin. j , , it we were drowning. but he 'ust kept going-d it is i going. i don't give up easily. it is back. going. i don't give up easily. it is back- and _ going. i don't give up easily. it is back- and he _ going. i don't give up easily. it is back. and he has _ going. i don't give up easily. it is back. and he has done _ going. i don't give up easily. it is back. and he has done it - going. i don't give up easily. it is back. and he has done it now. i l back. and he has done it now. i don't give _ back. and he has done it now. i don't give un- _ back. and he has done it now. i don't give up. charlotte - back. and he has done it now. i l don't give up. charlotte mcintyre back. and he has done it now. i - don't give up. charlotte mcintyre is assistant showbiz _ don't give up. charlotte mcintyre is assistant showbiz editor _ don't give up. charlotte mcintyre is assistant showbiz editor at - don't give up. charlotte mcintyre is assistant showbiz editor at the - assistant showbiz editor at the daily mirror and she told me about what to expect the documentary. there is a lot of unseen footage from threat back in's career and throughout their love story and then it is a lot of sit down interviews, so you see both victoria and david separatelyjust so you see both victoria and david separately just sat there in their home and just chatting really candidly, as well as others throughout their lives, sir alex ferguson for example chatting about the beckham that he knew when he was managing him. what the beckham that he knew when he was managing him-— managing him. what do we find out that ma be managing him. what do we find out that maybe we _ managing him. what do we find out that maybe we didn't _ managing him. what do we find out that maybe we didn't know - managing him. what do we find out that maybe we didn't know before. | that maybe we didn't know before. what was it that struck you as the wow moment if there was one? there is one big moment _ wow moment if there was one? there is one big moment that _ wow moment if there was one? there is one big moment that i _ wow moment if there was one? there is one big moment that i am - wow moment if there was one? there is one big moment that i am not - wow moment if there was one? ti22 is one big moment that i am not sure anyone really saw coming and that is them addressing the alleged affair. it is quite clever the way they do this because they don't actually mention the affair, they don't mention the affair, they don't mention any of the parties involved, but both of them, david and victoria, talk about the impact that the aftermath of these allegations had, and we have never really seen victoria talk so frankly and she says it was the hardest period of her marriage, which is really rare for her to speak so frankly about that. ., ., ~ . , for her to speak so frankly about that. ., ., a , that. charlotte mcintyre, assistant showbiz editor _ that. charlotte mcintyre, assistant showbiz editor at _ that. charlotte mcintyre, assistant showbiz editor at the _ that. charlotte mcintyre, assistant showbiz editor at the daily - that. charlotte mcintyre, assistant showbiz editor at the daily mirror. | a british army investigation into a teenage soldier who's believed to have taken her own life, has found that an "intense period of unwelcome behaviour" from her boss was almost certainly a factor in her death. gunnerjaysley beck, who was 19 and serving in the royal artillery, was found dead at the larkhill army camp in wiltshire two years ago. here's our home affairs correspondent, june kelly. jaysley beck, filmed by her family at the start of her army career. she joined up when she was just 16, finishing her training in 2020. she'd be dressed in her combat gear. her mum leighanne and cousin lois with jaysley�*s army cap and trousers. remembering the day she was on parade when she finished her training. it's a massive achievement. and as a parent, to see your child happy is the best feeling in the whole wide world. that's all you want for your children. you could see she was really proud of herself. butjust before christmas in 2021, the exuberant young soldier with no history of mental health issues was found dead. an army investigation has concluded that she probably took her own life. an inquest yet to be held will decide officially. the army investigation found that one of the reasons forjaysley beck's death at larkhill camp was the sustained sexual harassment she suffered from her immediate boss. he wanted a relationship with her. she didn't feel the same. the boss, like everyone else in the report, is not named. in october 2021, jaysley received over a thousand whatsapp messages and voicemails from him. the following month, this increased to more than 3,500. you'd think the easiest solution is block them. you can'tjust block your boss. she were always down. she were fed up of his behaviour. itjust started ruining her enjoyment, a job that she really enjoyed doing. the army report describes some of the messages as controlling. jaysley feared he was watching her and tracking her movements via her mobile phone. her mum and dad and older sister emily knew she was reluctant to report what was happening. she was saying, "what's the point, mum, you don't get listened to." she's going to be seen as a female troublemaker. they say this was because of an earlier episode involving another of her seniors a few months before. that officer sexually assaulted her. jaysley was shocked when he was merely told to send her a letter of apology. the army investigation concluded that family issues, including a bereavement, were also partly responsible forjaysley�*s death. the family are questioning this. i think they're trying to put a lot on the family. they've kind of said we're partly to blame for the passing of our daughter. they've missed a lot out. and truth be told, i find it a difficult read. an army spokesperson said, "our thoughts and sympathies remain with jaysley beck's family and friends at this difficult time." june kelly, bbc news. now it's time for a look at the weather. hello. for many of us, it's been quite a cloudy day and, across scotland really quite wet, persistent rain, particularly in the west and also in the highlands, through the central lowlands. here's that weather front. really overcast here, but to the south the clouds have been a little more broken, some bright spells and just the odd shower. the forecast for this evening, then, that band of rain is starting to fizzle away early in the morning on thursday, but the next weather front is approaching. north of that weather front, it is quite chilly in the north and the east of scotland, around four degrees in aberdeen, but to the south with the south—westerly winds it's going to be rather humid in the morning — temperatures around double figures in most towns and cities. here's the weather map for thursday. high pressure trying to build in from the south, with the warm southerlies coming our way. but, before that happens, this weatherfront, this bulk of cloud and damp weather, if not wet weather, needs to sweep through, initially through northern ireland, wales, then northern england gets the rain and also scotland. despite the cloud and the rain, 17 in belfast, 18 in hull, but in the south and the south—east, this is where the best of the weather will be on thursday and thursday evening, and temperatures mayjust nudge up to about 20 degrees celsius. again, thursday evening, overall, a lot of cloud. we have to wait for that warm southerly to develop, at least till friday. still rain in the north—west of the country, so not warm and sunny everywhere by any means. in fact, that sunshine is probably going to be reserved for the southern half of the uk, but still temperatures nearly 20 degrees in belfast and newcastle on friday, about 22 or so in the south. here's the all—important weekend. the weather fronts and all the rain—bearing cloud, that's moving northwards. whereas to the south, high pressure is building. the north of scotland, it's a different wind direction here, it will be colder. stornoway only 12 celsius. but look at northern ireland, the bulk of england and wales all in the 20s, perhaps as high as the mid—20s in the south of the country. that is around ten degrees above the average for this time in october. scotland, though, in the north, will be closer to the seasonal norm. look at this outlook for cardiff, for london, it looks like the middle of summer. in belfast the high teens, possibly exceeding 20 degrees celsius at some point during the weekend. that's it for me. have a good evening. live from london. this is bbc news. prime minister rishi sunak confirms he is scrapping a high—speed rail link to manchester and will spend the money on new transport projects for the region instead. donald for the region instead. trump heads to court for da three donald trump heads to court for day three of his civil fraud trial in new york. us house speaker kevin mccarthy is ousted from his role after a revolt by members of his own party. and at the opening night of the 67th london film festival. 0rganisers say it will showcase what's being a significant year for british cinema. hello, i'm sarah campbell. welcome to verified live, three hours of breaking stories and checking out the truth behind them. first, let's start with the conservative party conference, where the prime minister has announced he's scrapping a major part of one of europe's biggest infrastructure projects. rishi sunak confirmed that a key leg of the hs2 high—speed rail project, which would have linked the london—birmingham stretch of the line to the northern city of manchester, has been axed, due to its soaring costs. he pledged to reinvest every penny in other transport projects in the north, the midlands and across the country. the speech was widely seen as an opportunity for the prime minister to revitalise his party ahead of a general election expected next year.