higher housing, cars and food costs but once his take out core inflation was 4.7%, the lowest since october 2021. the good news is that inflation has drifted down from last summer s 40 drifted down from last summer s a0 year highs but it s still well above what the federal reserve thinks of as normal prices. with the overall trend heading in the right direction, policymakers may feel that they don t need to raise interest rates further. us central bank, you may recall, raised its benchmark interest rate to more than five and a quarter %, the highest in 22 years, all in a bid to call the economy and ease the pressure is pushing up prices. cool. qualities too early to say mission accomplished, from the white house to wall street there is a sense that progress has been made in the world s largest economy. china s e commerce giant alibaba reported its strongest quarterly revenue growth in almost two years, pushing its us listed shares up by more than a%. earlier this week the
let s cross live now to bertrand oesterle vice president grain & oilseed at stonex a commodities broker. i don t know if you have been hearing about the damage to the bridge that connects crimea to russia as this concert conflict escalates again. what are you thinking will happen with regards to this grain deal. with regards to this grain deal w with regards to this grain deal. ., ., ., deal. the moment the grain deal has been estimated deal. the moment the grain deal has been estimated to deal. the moment the grain deal has been estimated to end - deal. the moment the grain deal has been estimated to end today so the market has been factoring a cancellation of the deal. the market is expecting 5- 10% deal. the market is expecting 5 10% rise if deal. the market is expecting 5 10% rise if the deal does not continue past today. in terms, we are calculating additional 5% increase which means a potential hike of euros if this deal ends today. just to clarify if this
have stopped passing through here and are now taking the much longer route all the way around africa instead adding costs and delays. here s our diplomatic correspondent, james landale. the threats to shipping in the red sea is very real. this was an attack by iranian backed houthi fighters last month, storming a cargo ship registered in britain. the militia from yemen claiming that any vessels owned by allies of israel were legitimate targets. shouting. there have also been drone and missile attacks so many that shipping companies are pulling out of the red sea, sending their vessels around southern africa instead. in response, the us secretary of defence, who s visiting the middle east, has formed an international military coalition to protect ships and ensure freedom of navigation. these attacks are reckless, dangerous, and they violate international law. and so, we re taking action to build an international coalition to address this threat. and i would remind you that
after he was found guilty of trafficking a man to britain to harvest one of his kidneys. ike ekwere madu s wife, beatrice, was given a four and a half year sentence. the judge also handed down a ten yearjail term to a medic who helped them. the victim a 21 old street traderfrom lagos was offered $8000 and was promised a better life in britain, but only realised what was going on when he met doctors in hospital. the couple had planned to give the organ to their daughter who has a kidney disease. justicejohnson handed down the sentence at the old bailey in london. the wealth and power inequality and disparity between you and c could not be more marked. you, ekweremadu are a senator in nigeria s national assembly. you have held high political office. you had many staff, including domestic staff, maids, chefs and drivers. you own multiple properties around the globe. there is evidence of as many as a0. more than £400,000 went into your bank account over a six month period. b
but just take a through the second half of the week. butjust take a case of sunny through the second half of the week. but just take a case of sunny spells and scattered showers, some of those heavy and possibly sundry as well. if you get to see more in comparison to today those temperatures are up to today those temperatures are up to around 15 degrees. not bad for the time of year. and in fact as we move into the end of the week this area of high pressure across europe is going to prevent frontal system is going to prevent frontal system is making inroads. it will set out to the north and west so there will be some wet weather to the far north west but the unifying factor is the southerly wind keeping it very mild indeed. temperatures perhaps peeking into the mid to high teens in some places and look where they should be for the time of year. thanks, louise. and that s bbc news at six on monday the 7th of november you can keep up with all the latest developments on bbc we