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moved to a hospice. china launches several ballistic missile tests into waters around taiwan following a senior us leader s divisive visit to the island. and how disposable facemasks are blighting birdlife in 23 countries around the world. good afternoon, welcome to the bbc news channel. good afternoon, welcome to the bbc news channel. the bank of england has predicted that the uk is set to enter a recession this autumn lasting more than a year. the bank says inflation is likely to peak at 13% by december and today it has announced the largest rise in interest rates for 27 years. the 0.5% hike means that interest rates now stand at 1.75%. the move is part of attempts to curb spiralling inflation, by making borrowing more expensive and discouraging spending. but it means mortgages and loans will be more expensive for millions of people as andy verity reports. rarely has the bank of england given out an economic warning this unsettling. it s not only forecasting the worst ....
Million bill out between friends, russia, and ukraine france, russia and ukraine. There is a draft proposal and they are having an agreement but does it mean that will not be able to sign something. Yeah, absolutely. They have been there for 60 hours, i have lost count. The leaders of germany and france, what we understand has taken place is that came up with a document that the russians presented to the prorussian rebels who were in the building but not part of the talks because ukraine will not talk to it and they rejected it. The eu said that start of its meeting with all 28 heads of state will be delayed so the talks can continue. In terms of the process, i put the bits together, the financial package critical to establishing a baseline for the economy. You needed to get back in and build a deal. How do the 2 bits fit together . It is important, the timing. What they were hoping was to have a ceasefire but i do not think the german chancellor and french president wouldve went in th ....
Gazprom stays and gas supply in europe remains stable despite the sxloeg explosion on the pipeline. And shares in profit of the website rally towards the lower end of its range. The flotation values the company at nearly a billion pounds. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A warm welcome, again, to worldwide exchange. Lets get straight to our story this morning. Security forces claim iraqs Largest Oil Refinery is under attack. Sunni mill at that points have launched an offensive involving machine gunfire and mortars. Workers have been evacuated from the site. Meanwhile, iraqi forces held back an attack by sunni rebels in the city of baquba last night, a strategic area 37 miles north of baghdad. This comes as president obama rules out an immediate air strike against sunni extremists. He will instead provide intel ....