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of a possible recession in the pipelines. our business reporter katie silva who has been looking into the details of the story for us, joins me now on the program. katie, it is always great to see you on asia business report and this seems like relatively good, doesn t it? it does. it has been welcomed in high quarters. president biden, for example, saying that it gives american families some breathing room and particularly pointing to the fact that we ve seen the greatest reduction in the costs of gas as well as food and grocery expenses things that are very important to american families. but the excitement should be tempered somewhat. of course, the us like many major economies pursues an inflation target in the order of around 2%, so 5% is still a long way off that, and if we were to take out those impacts of the fuel and food prices, that would leave us with a figure called core inflation and, in fact, core inflation actually rose, particularly driven by increase ....
completing a historic security policy shift. that was triggered by the invasion of ukraine by russia, with which finland shares a long border. in response to this, moscow said it would strengthen its military capacity in its western and northwestern regions. while sweden remains in the waiting room still, nato secretary generaljens stoltenberg says as a result, sweden will also be safer . let s get the latest from kyiv and our correspondent hugo bachega. asi as i mentioned there, hugo, this sparked by russia s invasion of ukraine just over a year ago. what is ukraine s reaction to this? yeah, i think the ukrainians is ukraine s reaction to this? yeah, i think the ukrainians are is ukraine s reaction to this? yeah, i think the ukrainians are watching | i think the ukrainians are watching it very closely and obviously, as you said, this decision by finland was triggered by russia s invasion of ukraine. and today is a major symbolic moment. finland abandoned decades o ....
limits in hand luggage. a ceremony is due to be held in brussels within the next few hours to officially welcome nato s newest member. this nato s newest member. is the scene live in brusse where this is the scene live in brussels, where officials are arriving to witness the raising of the finished flag here. finland has abandoned its long standing commitment to neutrality in response to russia s invasion of ukraine. the head of the military alliance, jens stoltenberg, told reporters it was a historic day; he said it would have been unthinkable just a few years ago. in response, moscow says it will strengthen its military presence in the region. let s listen to what mr stoltenberg had to say. in a few hours we will welcome finland as the slst member of our alliance. this will make finland safer and nato stronger. on this very day in 1949 the washington treaty, nato s founding treaty, was signed in washington and it s hard to imagine a better way of celebrating our anniv ....
has died at the age of 91. he was the longest serving chancellor of the 20th century, before he resigned in 1989 over thatcher s choice of economic advisor. political figures have been paying tribute to him. prime minister rishi sunak tweeted this: one of the first things i did as chancellor was hang a picture of nigel lawson above my desk. he was a transformational chancellor and an inspiration to me and many others. my thoughts are with his family and friends at this time. the current chancellorjeremy hunt said: nigel lawson was a rarity amongst politicians, someone who transformed our thinking as well as transforming our economy. since he stepped down as chancellor, his shoes have been impossible to fill but he inspired all his successors, leaving the country more prosperous and enterprising. and former prime minister borisjohnson wrote: nigel lawson was a fearless and original flame of free market conservatism. he was a tax cutter and simplifier who helped tran ....
by russia s invasion of ukraine. in response, moscow says the finland nato alliance increases the risk of conflict and that it will strengthen its military presence in the region. the head of the military alliance, jens stoltenberg, is calling finland s accession a historic moment. here s what he said earlier. in a few hours we will welcome finland as the slst member of our alliance. this will make finland safer and nato stronger. on this very day in 1949 the washington treaty, nato s founding treaty, was signed in washington, and it s hard to imagine a better way of celebrating our anniversary than to have finland becoming a full member of the alliance. nato s foreign ministers meet at a pivotal time for our security. we see that president putin s war of aggression against ukraine grinds on. we will meet in the nato ukraine commission with the foreign minister where we will address how to sustain and ramp up support from nato allies to ukraine. both the urgent needs, b ....