tour harm people by having false information about them. since it launched there s been a lot of noise about openai. it gives humanlike responses to basic queries and will dramatically change the way we get information online. it s already the subject of fierce debate, including the accuracy of some responses and whether the company violated authors rights when it was a train in the technology. this spring, converse congress hosted sam altman and he called for regulation to be draughted for the emerging industry. now.. speaking of regulators. . not everyone believes they will have the ability to keep artificial intelligence in check. that s sir martin sorrell s case. the man who s built the world s biggest advertising company has been speaking to the bbc s aaron heslehurst.. and he s also said advertising companies need to self regulate on the ethics of using the technology. we ve already taken a position that, for example, we won t alter pictures. let s say we had a white ac
more than 9% injune of last year. it is a sign of the federal reserve s moves to raise interest rates to slow down inflation seems to be working. but analysts still think america central bank will raise interest rates one more time at their next meeting. it is good news for consumers but also good news for us president joe biden who counted the administration s efforts to bring prices down. he is facing re election next year and being able to control inflation without pushing the repeat into recession, it will be key in montana for years at the white house. the chief economist says he is wondering whether this is a turning point. other central banks around what asking themselves, has the us peak? we are, consumers can get the stuff they want to buy. one of the things they are concerned with is even that he had numbers is down to 3%, waved down from nine, the core inflation excluding the food and energy components are still pretty high, nowhere near the 2% target. i think w
it s a sign that the federal reserve s moves to raise interest rates to slow down inflation seems to be working, but analysts still think america s central bank will raise interest rates one more time at their next meeting. now, the cooler inflation is good news for consumers, but it s also good news for us presidentjoe biden, who touted the administration s efforts to bring prices down. now, he is facing re election next year and being able to control inflation without pushing the economy into a recession will be key if he wants another four years in the white house. samira hussain there. let s bring in the milken institute s chief economist, william lee, whojoins us now from nevada. that s the ultimate question that all the central banks around the world are asking them selves. has the us peaked? lots of prices and inflation decreases have come out because supply chains have been restored around the world and consumers are able to get the stuff they want to buy. one of the
prices will stay high for longer. and we take a look at the biggest deal in golf, ahead of a us senate hearing into the pga liv merger. welcome to world business report. let s start here in the uk where the government is facing another big setback in its battle against inflation. new data show that average wages have risen at a record annual pace of 7.3% in the march to may period, compared with the same period last year. british headline inflation is running at 8.7%, staying higher for longer than many had forecast. and there are concerns that after 13 consecutive interest rate rises, that the bank of england could need to raise it even further to bring price rises under control. let s hear now from janet mui, head of market analysis at rbc brewin dolphin. thank you for being with us. inflation has not been coming down at the expected pace. what does this data signal about how things could pan out? good afternoon. thank you for having me. which group is still pretty strong,
in their latest t20 match fresh hope for the world s largest colony of gannets off the east coast of scotland after thousands died last year from bird flu. good morning. we have some heavy and persistent rain coming into northern ireland as we go through today and then later into western scotland. a few scattered showers around but for many we will have a dry day with some sunshine, especially in the south and east. i will have all the details throughout the programme. good morning. it is thursdayjuly the 6th. our main story. the bosses of the four biggest banking groups are meeting the financial watchdog today to discuss concerns that interest rates on savings accounts aren t increasing as quickly as those for mortgages. the banks have denied accusations from mps that they ve been profiteering. our cost of living correspondent, colletta smith, reports. bank customers are feeling the pressure charged lots to borrow money, but given very little reward to save it. so today,