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We start with Elon Musk and the social Media Platform he controls, x, formerly known as twitter. Its facing the loss of one of its largest markets over a row about Hate Speech and disinformation. Brazils Telecoms Regulator Suspended Access to ex for the countrys 200 plus million people over the weekend after a ruling by a seniorjudge. Today a panel of brazils supreme court will begin hearing on whether to uphold that ruling. Earlier i spoke to the Technologyjournalist Chris Stokel walker and began by asking him how significant the Shut Down was in brazil. Pretty significant because of the scale of the country and therefore the sc ....
Yesterday was the warmest day of the year, 28 celsius, a month. Today feeling fresher with sunny spells and showers. The full forecast throughout the programme. Its friday, the 11th of august. Our main story. The latest round of strikes byJunior Doctors in england will start in just over an hour, as a long running dispute involving half of all doctors working in the uk continues. Nhs leaders are warning it means more significant disruption to the Health Service, with thousands of appointments and procedures postponed. Our Health CorrespondentDominic Hughes reports. Were now into the fifth round of strikes byJunior Doctors in england with little sign that their union, the british medical association, or min ....
From 5 to 5. 25 . And for the first time, its suggested that rates will stay higher for longer in an attempt to drive down stubborn inflation the rising cost of goods and services by reducing the amount of money we have to spend. Although todays increase means Borrowing Costs are at their highest level since 2008, it follows an era of unprecedented low rates. In previous decades, rates were much higher we can see here that in the 1980s rates got up to 18 before gradually falling. The bank today cut its forecast for economic growth, though it said the uk will avoid a recession. In a moment, well hearfrom savers, as well as families trying to cope with increasing costs, but first, heres our Chief Economics correspondent dharshini david. From cafe says customers may resist rate as higher mortgage and rent payments bite, to Est ....
more than 3/10 of a percent. this is what they call a bull run. the market s been on the upswing since october 2022, and it s thanks to a few tailwinds. among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it s been able to cool inflation without tipping the economy into a recession. that s called a soft landing and it s buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22 year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it s a different story for the chinese stock markets, which have been struggling in the new year. chinese premier li qiang pledged to take forceful and effective action to support market confidence. shares in mainland china and in hong kong have been h ....