business with moscow. so is there a financial consequence to not taking a side? i m going to be discussing all of that with these two. there they are. a former uk diplomat and adviser to the prime minister and a renowned indian economist with the ear of the modi government. also on the show, global interest rates, they are on the rise in response to rampant inflation. but is it all too little, too late in the face of soaring prices? i m going to be speaking to a former chief economist at the us treasury to find out. wherever you arejoining me from around the world, once again, a big hello, and a warm welcome to the show. you know, since russia invaded ukraine, the western world, led by the us, has responded with a raft of sanctions looking to halt the kremlin war machine and stop the conflict. the war and the sanctions have had a huge impact on the global economy, with widespread inflation driven by soaring energy and food costs leading to warnings millions are at risk of hun
here in london, finishing at around six o clock this evening, the parade, and partying well into the night. now it s time for a look at the weather. hello. today is bringing some sunny spells, yes. but also some big shower clouds bubbling up in the sky. some of those showers will continue to be heavy and thundery. more generally cloudy and rather wet weather in the northern half of scotland and this little band of rain approaching the south east corner, although it won t arrive across parts of kent until we get into the evening. temperatures 16 21 degrees, but we will see some showery rain into the far south east later on. then, overnight, most places will be dry, but we will see some more showers feeding back into northern and western scotland and northern ireland on a strengthening breeze. that breeze will be a feature of the weather across the northern half of the uk during tomorrow. there will be showers around again but probably not as many as we have today. still potent
the president visits a family farm in illinois today. a new government makes clear that inflation is here to stay. it suggests the worst might be behind us. the consumer price index rose 8.3% compared with last year. that s a big number. 8.3%. it s down from a 40-year high from last month. look at it month to month. inflation 0.3% in april. that s down from the 1.2% gain in march. a closely watched data point within the report was up not down. beware of anyone who tells you they are certain things are trending for the better. even if inflation is retreating from the highest tide, prices are still up at the fastest rate in nearly 40 years. we start with a look inside these numbers and with cnn s christine romans. reporter: issue number one for the american family. the cost of living. so many categories it has been going up for almost a year now. those headline numbers in normal times would be very, very scary. they appear to be moderating, leveling off, peaking as one econom
Said indian agents may have been involved in the killing of a canadian sikh activist. He was shot dead in june near vancouver. Just now, mr trudeau doubled down on that claim. India described the accusation as absurd. It also said canada can expect its number of diplomats in india to be reduced. Indias Foreign Ministry spokesman was asked how the dispute was affecting indias reputation. One, any country that needs to look at this, i think it is canada and its growing reputation as a place, as a safe haven for terrorists, for extremists and for organised crime. And i think thats a country that needs to worry about its international reputation. At the heart of this issue are calls for an independent homeland for sikhs in indias Northern State of punjab. Its known as the Khalistan Movement. Sikhs form a majority of punjab s population, but are a minority in the rest of india. There have been calls for an independent state to be formed there for some time, with the movement reaching its pe
Lachlan has congratulated his father on what he calls his remarkable 70 year career. I can speak now to brian stelter. Hes a Special Correspondent at vanity fair and has also written a book on the murdochs and donald trump, network of lies, due out later this year. Hejoins me now from new york. You are a font of knowledge when it comes to the us media. Lets start by getting your reaction to this news. In by getting your reaction to this news. ,. ,. , , by getting your reaction to this news. ,. ,. , by getting your reaction to this news. , news. In some ways this was inevitable. News. In some ways this was inevitable. Yes, news. In some ways this was inevitable. Yes, rupert news. In some ways this was inevitable. Yes, Rupert Murdoch always said he would never retire. His son lachlan said his dad would never retire. His companies have been shrinking over the years and struggling against the Media Headwinds that all Media Companies are facing. For example, streaming and the struggles of n