let s start here in the uk, where prime minister liz truss is no longer promising to increase state pensions in line with surging inflation, and has asked ministers to look for more spending cuts. two weeks ago, the prime minister said she was committed to what s known as the triple lock. that means payments rise by whatever is higher between prices, average earnings or 2.5%. however her spokesman said truss was now not making any commitments on government spending. inflation figures are out in a few hours time and expected to show its at 10 percent, whilst the figure for average earnings is just below 5.5%. joining me now is dan kemp global chief investment officer at morningstar investment management. this investment management. will be a real concern foi many this will be a real concern for many pensioners, this trust when asked about the triple lot can my colleague asked her she said she was committed to that? you are correct, it will be of great concern to pension
week for big tech. plus a pre halloween treat as the us economy returns to growth. but inflation s still a nightmare for president biden with midterm elections looming. we start with the world s richest man: billionaire boss of tesla space entrepreneur and now the new owner of twitter. elon musk has now closed his $41; billion takeover of the social media giant ahead of a 5pm deadline set by a us court. and he has moved quickly to sack the company s senior management. it brings to an end a six month long and often bad tempered takeover battle that has raised some big questions about the future of the company. from san francisco here s our technology correspondent james clayton. when elon musk had an offer to buy a twitter accepted in april, he could barely conceal his excitement. but that initial enthusiasm soon began to wane. tech stocks were plummeting and many wondered whether he d paid too much for twitter. mr musk also claimed that twitter was filled with fake
hello there. we start with the cost of living. we are expecting to hear in the next few hours what the uk government plans to do to help consumers with soaring energy bills. they could see hundreds of pounds knocked off bills this winter, as part of a package of support worth at least £10 billion, largely funded by a one off windfall tax on energy companies. annual household energy bills here in the ukjumped by an average of £700 in april when the uk regulator ofgem raised the cap on what suppliers can charge. and ofgem has warned they will have to rise by a further £800 in october. 0ur consumer affairs correspondent colletta smith has been to warrington in the north of england, asking people what one thing the government could do to help their household. the one thing that would help with help with energy bills, £100 on last year. if the government could assist with that, that would be great. the thing that that, that would be great. the thing that would that, that w
Ceo Mark Zuckerberg has been showing off what he calls the first mainstream mixed reality headset, that merges Virtual Reality with the real world. The firms also announced a team of ai chatbots with different personalities, and their own areas of expertise. And its revealed a new set of ray ban Smart Glasses with al built in that can film and upload videos and answer questions. They go on sale next month for 299. Heres a taste. Call eric. Calling eric. Lets no with call eric. Calling eric. Lets go with the call eric. Calling eric. Lets go with the seller. Call eric. Calling eric. Lets go with the seller. Meta, send a hoto go with the seller. Meta, send a photo to go with the seller. Meta, send a photo to mum go with the seller. Meta, send a photo to mum with go with the seller. Meta, send l a photo to mum with whatsapp. Impairs well with and pesto. What impairs well with and pesto. What does impairs well with and pesto. What does it impairs well with and pesto. What does it sound imp
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