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business stories. i m sally bundock. we start here in the uk, and what else but the coronation of his majesty king charles? as we ve been hearing, it s been an historic weekend, from the pomp and pageantry and a bit of rain on saturday to a day of street parties and a night of fantastic music to round off the celebrations. all driving some serious weekend spending, predicted by retailers to be worth something in the region of almost £1.8 billion. but as many continue to struggle with the current high cost of living, how long can the spending optimism last? katrina bishop is from consumer research company niq. let s talk this through. katrina, a warm welcome to you. morning. katrina, a warm welcome to you. morninu. ., . , , . morning. for many sectors in the uk that morning. for many sectors in the uk that have morning. for many sectors in the uk that have been - the uk that have been struggling, like hospitality, this was a huge boost, wasn t it? it this was a huge ....
Week will look like from that perspective? week will look like from that persnective? perspective? again, another dee -l perspective? again, another deeply troubling perspective? again, another deeply troubling issue - perspective? again, anotherj deeply troubling issue facing the economy because the small and regional banks which account for 40% of all lending in america, the fear is that with all of the pressure they are facing, the deposit flights, the likelihood of greater regulation of these banks as well means they are probably going to be doing less lending. and at a time of the fed reserve is raising interest rates aggressively, that combination of less credit availability and what is available at much higher interest rates is a real headwind to growth and there is that talk if we couple it with the uncertainty of the debt ceiling, the recession risks are certainly on the rise here in america. are certainly on the rise here in america- are certainly on the rise here in amer ....
Finance chiefs from the Group of Seven industrialized nations agree to increase their budget and economic assistance to war-torn Ukraine to $39 billion this year, as well as to implement further sanctions against Russia as needed, on the eve of the one-year anniversary since Moscow invaded its neighbor. ....