private health care do during the pandemic and how are they doing now? i have got the global boss of bupa talking covid, staff, brexit and the future. wherever you arejoining me from around the world, once again a big hello and warm welcome to the show. you know, it has been a record breaking few weeks for temperatures in europe. wildfires have raged across mediterranean countries like spain, portugal, italy and greece. here in the uk, we had our hottest ever day on record. and yet, it is the coming winter that has been focusing minds, in particular how western europe and other parts of the world are going to keep warm amid the rising oil and gas crisis? following the russian invasion of ukraine and heavy sanctions on russia s oil and gas exports, which are to come in at the end of the year. president biden in the last few weeks was in saudi arabia and the middle east. while he didn t secure more oilfrom the country many think trying to do so was one of the reason for his vis
we start in the us where the most powerful person in globalfinance the chair of the federal reserve has signalled the end of ultra cheap money is around the corner. us interest rates which affect the cost of borrowing around the world have been kept near to zero since the pandemic hit in early 2020. and the fed has held off raising them at this week s meeting. butjerome powell says higher rates, quote: will soon be appropriate as the economy recovers and inflation surges. our north america business correspondent michelle fleury has more. the federal reserve is going to be raising interest rates for the first time in three years. the move could come as early as march as inflation cast a