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let s get down to business now. in just a few hours, the federal reserve america s central bank will make a decision on interest rates. it s pretty clear the cost of borrowing will go up but the question is, byjust how much. our north america business correspondent samira hussain reports from new york in the united states the cost of living has hit the highest level in more than a0 years. everything is more expensive. in the last year, the cost of food and vegetables is of more than 8%. today, £1 of beef is $5. last year it was $a.a0. the price of petrol has skyrocketed by 60%. and this is not a uniquely american problem. great prices are soaring around the world. the federal reserve, like other central banks is raising rates to curb inflation. here on wall street most people believe the policymakers will raise by .75%. but there are those believe the fed may adopt a more aggressive policy and raise the rates by a full percentage point. such is the urgency of combating r ....
policy is working at cross purposes. what s your reaction to what liz truss has said this morning? what impact is the turmoil in the economy having on you? get in touch with your concerns via twitter @annitabbc and use the hashtag #bbcyourquestions two million people are left without power as one of the most powerful storms in us history hits florida s southwest coast. the gangsta s paradise rap star, coolio, has died at the age of 59. and scientists find evidence that dogs can read our mood by using their powerfull sense of smell. the prime minister, liz truss, has been speaking to the media about the economy for the first time since her government s tax cutting mini budget. she s defended her strategy, saying decisive action had to be taken, and the measures were needed to get the economy moving. however she conceded that growth wouldn t come immediately. her comments came as the former governor of the bank of england, mark carney, criticised the way the government pr ....
and, did she do it again? what the critics said about britney spears comeback single with eltonjohn. hello and welcome to bbc news. a national emergency s been declared in pakistan, after almost 1,000 people died following severe monsoon flooding that began injune. more than 33 million people have been affected by the country s heaviest rainfall in decades. hundreds of thousands of homes have been destroyed, and thousands of people have taken refuge in relief camps. the worst affected areas are in the provinces of balochistan and sindh in the south, from where our correspondent pumza fihlani sent this report. moving to higher ground, families wade through the water with the only belongs they can salvage. in southern pakistan, many streets have turned into rivers. families have set up tents on the few roads are still visible. it has been more than ten days of heavy rains and get the streets of sukkur are still flooded. this is one of the main roads linking the community to th ....