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
to do if you fall into the sea or you fall into a lake? the answer is wrote to. as the cost of the weekly shop continues to go up, the boss of one of the uk s biggest supermarkets denies they are profiting unfairly from rising food prices. the title may be city s but manchester united can celebrate champions league football next season. a thumping win over chelsea secures their spot in the premier league s top four with a game to spare. as we head into the bank holiday weekend, you will want to dry and sunny. i have got all the details from the session. from gloucestershire. it s friday the 26th of may. our main story. health inspectors have found that maternity care at two hospitals in east kent has got worse since a damning review was published in october. last year the kirkup review found that 45 babies might have survived if they d received better care at the hospitals in margate and ashford but a new inspection by the care quality commission found significant problems
in comparison, paramount plus total subscribers stand at 63 million and warner bros discovery at 95 million. could it take on those giants? joining me now is alice enders, head of research at enders analysis. good to have you with us. talk to me about what you make a first of all about what you make a first of all about these early stage talks. we always talk and expected it would be consolidation, is that what this looks like? it consolidation, is that what this looks like? looks like? it is what it looks like. on the looks like? it is what it looks like. on the other looks like? it is what it looks like. on the other hand, - looks like? it is what it looks like. on the other hand, at l looks like? it is what it looks i like. on the other hand, at this time, we don t know whether this is going to be a merger of two companies or whether it is going to be paramount taking over warner. and in either case, i think there would most likely be a regulatory dimension. you know,
around 0.32%. some reprieve, but will it last? rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing in and looking at at this point. the market has not entered a panic mode, as we have seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now it is a logistical rerouting, what we re seeing, and not kind of that panic and fear that we re going t
zelenskyy meet in front of the cameras at the g7 summit as the u.s. announces hundreds of millions of dollars in new aid. voters are going to polls in the parliamentary election in greece, but a clear winner may not emerge. president biden hopes to talk with house speaker kevin mccarthy this morning as the clock ticks down to extend the debt limit. live from cnn center, this is cnn newsroom with laila harrak. g7 leaders meeting in hiroshima, japan, are wrapping up one of their most consequential summits in recent memory. the war in ukraine dominated much of this year s agenda, and ukraine s president was there to make his case in person. for the first time since the war began, an agreement was finally reached among the u.s. and its allies to begin supplying ukraine with advanced fighter jets. u.s. president joe biden soon returns to washington to deal with the debt ceiling crisis in congress, but he and ukraine s president did meet within the past couple of hours, t