we start in the us, where the british tech tycoon mike lynch has been cleared of fraud charges in a san francisco court. once hailed as a uk bill gates, mr lynch was facing fraud charges over the $11 billion sale of his software firm, autonomy, to hewlett packard back in 2011. mr lynch had been accused of inflating the value of his firm ahead of the sale a jury has found him not guilty on all counts. our north america business correspondent erin delmore has the details. when autonomy was sold to hewlett packard 13 years ago for $11.1 billion, it was one of the top 100 public companies in the uk. the sale marked the la rgest ever takeover of a british technology business. but hewlett packard later wrote down the company s value by more than $8 billion, leading to criminal charges that mike lynch had defrauded hewlett packard by inflating the value of autonomy. the businessman was extradited from britain to the united states to stand trial on the charges, which could have put
mr modi set to form a government with the help of a coalition of smaller parties that may make it harderfor him to push through economic reforms. today the central bank has is due to make its latest call on the cost of borrowing which currently sits at 6.5%. 0ur correspondnet archana shukla has been there for all the drama and joins me now from mumbai. just take us through what happened this week and where market sentiment sits right now. ~ . . . market sentiment sits right now. ~ ., , , ., now. well, it has been a roller-coaster now. well, it has been a roller-coaster ride - now. well, it has been a roller-coaster ride for i now. well, it has been a. roller-coaster ride for the roller coaster ride for the indian markets. we started with quite a big high on monday after post poll predictions showed that prime minister modi s ruling party would have a thumping majority but they fed it was split and we can to the market. it crashed on tuesday, losing more than 6% on the benchmark. near
hello. last week our forecast was a bit doom and gloom, a lot of persistent cloud and grey skies across the uk. the week ahead is looking considerably brighter, as high pressure makes a big return to our shores. we have still got to get rid of this low off the continent through the remainder of sunday and on its tail end there is still enough cloud around to bring some showers, particularly into eastern reaches of the uk on into the evening. some of them could be rather on the heavy side, but into the early hours of monday as high pressure starts to build, we should see those fading away. light winds overnight, some moisture on the ground and we could see some patches of mist and fog first thing on monday. here is that big high on monday, centred up right across the uk. it brings the promise of a lot of dry weather, light winds and a lot of sunshine. there will be some cloud moving around across the uk, can t promise you faultless blue skies, a bit of a chilly breeze