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good morning. the governor of the bank of england has defended the decision to raise interest rates, saying there s a real risk of soaring prices becoming embedded . yesterday, the bank warned the uk will fall into recession as it raised interest rates by the largest amount in 27 years. the uk economy is forecast to shrink in the last three months of this year, as the bank predicts a recession that will last well into next year. the bank says that sharp increases in energy prices will push inflation to more than 13% a 42 year high and that the value of people s incomes is falling. one of the ways it can try to control inflation is to raise interest rates. this makes borrowing money more expensive which means we are less likely to spend bringing prices down. that s the bank s justification for raising interest rates from 1.25% to 1.75% the biggest rise since 1995. the governor of the bank of england, andrew bailey, told the today programme why raising interest rates ....
A new film by Chinese state broadcaster CGTN promoting the views of several pro-China Taiwanese is unlikely to prove persuasive to a Taiwanese audience, a local scholar said Monday. ....
When panic buying at a Hong Kong bakery chain led to a 3-day run on cakes, as thousands cashed in vouchers scmp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scmp.com Daily Mail and Mail on Sunday newspapers.
Chaiwan s foreign talking there. taiwan s foreign minister talking there. a jury in texas has ordered the talk show host alex jones to make an initial payment of more than four million dollars in damages, over his false claims that the 2012 sandy hook school shooting was a hoax . the case was brought by the parents of one of the children killed in the attack. our north america correspondent peter bowes reports. the sandy hook massacre was one of america s worst ever mass shootings. 20 children and six adults died when a government when a gunman went on the rampage, firing a semiautomatic rifle before killing himself. alexjones has repeatedly argued that the shooting was a hoax, organised by the us government to deny americans their gun rights. he claimed the parents of the dead children were actors. the case against him was brought by the appearance of a six year old who died in the shooting. they argued they had endured ....