the cpi numbers earlier. while the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. it s at 4.3%. and that s illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. the federal reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see? exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase borrowing costs which, in essence, has similar effects raising interest rates. as far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week but actually more likely in december. dimitri, how have consumers and businesses really responded to the rising c
5000. what you are about to see pictures that have come in where people are describing a tsunami of water hitting the city after two dams collapsed. more than 10,000 people are still missing. the bbc s respondent has more details. when the storm came, fractured libya was ill prepared. after a year s rainfall fell in just 2a hours. in daylight, as much as a quarter of the port city was revealed to be gone. engulfed by floodwater after two mountain dams failed. families were washed out to sea as they slept. the grim work to retrieve the lost is under way. locals working alongside the army are helping to remove the dead which now number in their thousands. bodies have been washed ashore by the dozens. with terrible force, the floods swept through the city. destroying homes, cars, bridges there was no warning, no evacuation order. gently, the body of a child is recovered from the rubble. you hear are being found alive. they are overwhelmed. it is too much for those left grieving.
after two dams and four bridges collapsed. thousands of people are still missing the mayor of says he fears as many as 20 thousand people may have died. many people were asleep when their homes collapsed around them and many people were washed out to sea in the torrent. the bbc s quentin sommerville has been following the story from beirut he sent this report, which contains distressing images. when the storm came, fractured libya was ill prepared. half a year s rainfall fell in just 2a hours. in daylight, as much as a quarter of the port city of derna was revealed to be gone, engulfed by flood water after two mountain dams failed. families were washed out to sea as they slept. the grim work to retrieve the lost is under way. locals working alongside the army are helping to remove the dead, which now number in their thousands. bodies are being washed ashore by the dozens. with terrible force, the flood swept through this city, destroying homes, cars, bridges. there was
shelter and housing. and particularly you mentioned the cpi numbers earlier. while the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. it s at 4.3%. and that s illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. the federal reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see? exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase borrowing costs which, in essence, has similar effects to raising interest rates. as far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week but actually more likely in december. dimitri, how have co
that of 10 year old sara sharif who was found dead in her home in surrey. now herfather, step mother and uncle, have been arrested on suspicion of murder after arriving on a flight from dubai. they left the uk a day before sara s body was found. the bbc s daniel sandford has the latest. touching down at gatwick airport tonight, five weeks to the day since they flew to pakistan on the day before she was found dead, sara sharif s father, stepmother and uncle. minutes after the door had opened, the three could be seen through the airbridge windows being led off the plane by the police in handcuffs. and three separate vans drove them away after all three had been arrested on suspicion of murder. their travel booking showed they had changed planes in dubai and had flown business class from there to london. the vans arrived a short time later at guildford police station. urfan sharif, beinash batool and faisal malik will now be questioned about what they might know about her death.