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 scale of the use. We have third party estimates, between 20 Million and a0 million brazilians are believed to use x every month. Around about one third have it installed on their phones which means that this is a relatively big market and has been not just for x but lots of other Tech Platforms which is why they try to keep them onside. If you are a Tech Executiv
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 Correspondent Dominic 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 ministers are prepared to yield. But the continuing Industrial Action is having an impact on patients. Former teacher margaret is trying to plan a holiday, but she also needs to get a new Pacemaker Battery fitted. One nhs appointment was cancelled because of an earlier walkout, and marg
High street chain wilko says it has appointed Administrators after failing to secure a rescue deal. You will remember this chain has been in the news for the last couple of weeks with concerns over whether it will be rescued. It looks like the rescue deal has fallen through and they have appointed Administrators. 12,000 people, it looks like, at risk potentially, following the news that wilko has appointed Administrators. We will bring you any more detail when we get the story but the Breaking News, wilko, the high street chain, has appointed Administrators. Here in the uk, police and the West Midlands say they are treating a fire at a Well Known18th century pub near dudley as arson. The cricket house, described as britains One Ovest Pub was largely destroyed by the blaze, it was then bulldozed with the local council said was unauthorised, unacceptable and possibly unlawful. Here is louisa pilbeam. Whats left of the 250 year old pub has now been searched by a Specialist Fire Service do
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 Estate Agents grappling with a sagging housing market, the hit from Interest Rates is clear. But for a very small minority, that impact is Life Changing. Minority, that
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 hoverin