in what is being viewed in come circles as a sign that eurozone borrowing costs may soon reach their peak. the move mirrors the us federal reserve s quarter point rate rise on wednesday. central banks on both sides of the atlantic have dramatically raised rates since last year in response to a surge in inflation. professor christian de boissieu is emeritus professor of economics at the sorbonne university in paris. the lending service from the bank suggest that a credit crunch is looming. does that suggest to you that the era of credit cycle tightening has come to an end? i would first say that this credit cycle is not over yet. it is true that it cycle is not over yet. it is true thatitis cycle is not over yet. it is true that it is becoming more and more difficult for people to borrow, given the rising borrowing rates but if you take the example of the eurozone, i expect further increases in key rates before the fall. the cost of borrowing will continue to increase, there c
of children aged under 13. and take a seat. the 700 year old chair that ll be the centrepiece of king charles coronation. hello and welcome. fire officials in greece say at least 32 people have been killed and dozens more injured in a train crash. a cargo train collided with a passenger train near the city of larissa in the thessaly region. conditions for the rescuers are described as very difficult. the army has been mobilised to help and dozens of fire and ambulance staff are at the scene. stephanie prentice reports. it s been described by local authorities as a powerful collision and a terrible scene. passengers said the crash felt like being in an earthquake. we heard a like being in an earthquake. - heard a big bang, it was ten nightmarish seconds, we were turning over in the wake until it fell on the sides and the commotion stop. then there was panic, cables everywhere, fire, the fire was immediate as we were turning over we were being burnt, fire was right and left. a
businesses groups in northern ireland have expressed hope over the windsor framework the new deal meant to simplify their post brexit trade with the rest of the uk. until now, some imports have been complex to manage others have been outright banned under the so called northern ireland protocol, intended to protect the eu s single market. the british prime minister rishi sunak has been in belfast to meet politicians and business leaders to build support for the framework. speaking to workers at one business, he said the new arrangements would help northern ireland become the world s most exciting economic zone with unique access to both eu and uk markets. if we get this framework implemented, we get the executor back up and running here, northern island is in the unbelievable special position, unique position in the entire world, european continent and having privileged access, not just to the uk home market which is enormous the fifth biggest in the world but also th
banks are well capitalised and that the crisis is contained. britain s competition watchdog is launching a review of the artificial intelligence market , including popular chatbots such as chatgpt. it comes amid growing concerns over the rapid development of generative ai accessible technology that can create text, images and video that is barely distinguishable from output from humans. regulators worldwide are stepping up their scrutiny of ai, given its explosion into general use worldwide and fears over its impact onjobs, industry, copyright, the education sector and privacy among many other areas. the technology expert stephanie hare explains what will be the focus of this review. well, it s going to focus mainly on two things. because this is the cma, the competition markets authority that s going to be focusing on ensuring open competition and consumer protection. that s very, very different than what we ve been hearing many leaders in al in the past few weeks warning about,