the annual rate at which prices have been going up. inflation peaked at more than 10% last year, forcing the bank to raise interest rates aggressively to try and bring it under control. but it has since fallen sharply. and on wednesday, official figures showed it was down to 3.9% in november, the lowest rate in 2 years, and far lower than expected. that s raised hopes the bank of england will be soon able to start cutting the cost of borrowing, easing pressure on businesses and households. here s our economics editor, faisal islam. arp and now sharply down. over the past year, inflation in britain seemed like a runaway train. but it s now coming into land faster than expected. here and beyond. it has been a hard year or two for her with hundreds closing and some say prices are now stabilising. inflation is definitely killing us. the rise has gone up 15%. and behind you? us. the rise has gone up 1596. and behind you? up-and-down, i remember and behind you? up-and-down, i re
last little while we have heard that israel has proposed hosting the rival sudanese leaders for talks. so the israeli foreign ministry are just saying that any last little while, just that one sentence, a whole flurry of international efforts to get a truce. all of them have failed so far, but israel now proposing hosting rival sudanese leaders for talks, so we will keep an eye on that development. whilst we were hearing from andrew mitchell in the house of commons, we were also getting the latest views from us secretary of state. worth going through the key conclusions he has been talking about because he says the state department continues to be, in close communication with us citizens to provide information on possible departure routes, including americans travelling overland in the un convoy to port sudan. dozens of american nationals, he says, have expressed interest in leaving sudan. he also has said that the sudanese people are not giving up on the democratic future an
series of spring meetings with the world bank in washington this week stop it is also downgraded its overgrowth forecast for this year and exciting weaker performances in some leijer economies. our business reporter has been looking into this story for us and joins us now. always go to get you on the show. you have been sifting through the report, what are the projections?- report, what are the projections? they are predicting projections? they are predicting that - projections? they are i predicting that economic projections? they are predicting that economic growth this year maybe to next year 3%, that is a downgrade on what they had said injanuary about one tenth of a percentage point, in the medium term they have given the weakest forecast in more than 30 years. they say there is potentially a perilous combination of factors and that those far as could lead to economic crisis and they are calling there for for central bank around the world to keep tight monetary polic
should have been a positive but wall street was actually expecting the company to have added more paid membership. netflix lost more than 1 million subscribers in the first six months of 2022 and moving forward, the company has also warned of weaker growth in the months ahead. our north america business correspondent some hussein has the latest. last year, netflix reported not one but two quarters red lost customers. it was the first time the company has reported a loss in subscribers in ten years. these latest results show again for subscribers, thatis show again for subscribers, that is good, but it s actually much less than what investors were expecting. netflix had come up with a plan to try and crackdown on password sharing and it was meant to rule out in this first quarter but the company decided to hold back until the second quarter of the year. and to try and make up for lost subscribers last year, and netflix had created an and funded streaming service which was chea
strategy there a mime carley shimkus. the average gallon of gas in the united states picking up $0.30 and that is not good for you are the democratic party desperately trying to win elections is november appearance of the president will release 10 million more barrels from our strategic petroleum reserve just one day after his press secretary said he would not. todd: may be kevin corke gives to the bottom of this and he is live in washington with more, kevin. so much to get to, now, the white house is accusing opec of saddling up to russia. in the precious, they are hurting the global economy by rg oil production as currently mentioned. they are ignoring the presidents police by cutting 2 million barrels of oil production a day. the president says he plans to release more oil for the strategic reserves here in the states upwards of 10 million barrels in november. however, that is just a drop in the bucket, say critics because the u.s. uses 20 million barrels of petroleum