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plus rising prices falling ratings. can president biden win the argument on the us economy with just days to go until the midterm elections? and a pressing crisis. the cost of olive oil set to soar with harvests shrivelled by europe s summer heatwave. hello. we start here in the uk which is now facing the longest recession since records began, a century ago. that was the bleak warning from the bank of england on thursday, as it raised interest rates to 3% to try to dampen down soaring inflation. the bank says the uk economy is already in recession, and could keep declining until the middle of 202a. the pound slumped on the news to its lowest in more than two weeks. here s our economics editor faisal islam. the end of a decade and a half of ultralow interest rates was always going to be difficult, but dealing in mortgages has in recent weeks felt more like the stock market than the housing market. , , stock market than the housing market. , , . ., , ....
South Yorkshire Police giving us those details a little earlier. The weapon involved is understood to be a broken bottle, rather than a knife. That detail fare from the pa news agency. Sojust knife. That detail fare from the pa news agency. So just to recap, knife. That detail fare from the pa news agency. Sojust to recap, a 17 year old boy has been arrested on suspicion of Attempted Murder after three people were injured at that secondary school, which then went into lockdown. This is the the Birley Academy in sheffield on wednesday, and we were told to expectjust wednesday, and we were told to expect just a wednesday, and we were told to expectjust a brief wednesday, and we were told to expect just a brief statement from the police then, which we got, no questions from the media allowed or taken and short statement ....
Counteroffensive further north. What they are trying to do is frustrate russian supply lines and isolate swathes of occupied territory in the hope that troops will run out of supplies. Now, president Zelensky Hasjust completed a visit to the us. Hes in canada currently, and i think what were seeing now is Battlefield Progress increasingly getting linked to the politics of it all. Because, yes, he is being warmly welcomed by both countries, but there are political corners that are growing increasingly sceptical as to what the ukrainian victory might look like and as for how long western allies should be pumping billions of dollars into ukraine. So its becoming increasingly high stakes for president zelensky, whos now having to do a fair bit of negotiating in his foreign policy. Volodymyr zelensky is wrapping up his week long trip to north america. On friday, he travell ....
hamas. they are waiting desperately for any news of any kind of deal. we have no confirmation of any deal at all but senior israeli officials have been talking to the bbc saying at least 50 hostages could potentially be released in any deal. 12 every day. we re also hearing in the last couple of hours the security bodies in israel are in favour of this deal, a pause in the fighting. as for the politics of this benjamin netanyahu had previously said before in meetings there had been progress on a potential we ve been working on this intensively for weeks. as you all know. i ve spoken recently about it to benjamin netanyahu and amir qatar. my team down in the region shuffling between cabinets. we re now very close, very close. we could bring some of these hostages home very soon. but i don t want to get into any details of things because nothing is done until it s done. in when we have more to say, we will. but things are looking good at the moment. to get more on this, i ....