Time for a look at the Business News now with marc ashdown. Hello, this is World Business report, im marc ashdown. We start in the us, where the all important Inflation Data is just out. Prices inched up injuly, but less than expected. The Consumer Price index, a key inflation figure, rose 3. 2 compared to a year ago. It was running at 3 injune, so on the face of it, the pace of price rises has ticked up again. But the markets had expected a bigger increase, so could todays figure be good news . And could it be enough to persuade the Federal Reserve to leave Interest Rates unchanged next month . Lets bring in our north America Business correspondent michelle fleury. Firstly, talk us through the reasons behind this uptick. Inflation had been easing gradually, why has it gone up . Some of this has to do with comparisons of where we were last year and the way the data is compiled but some of it is things like rising Housing Costs and stuff like rising Housing Costs and stuff like that. I
Welcome to verified live, three hours of breaking stories, and checking out the truth behind them. We start with apocalyptic scenes in hawaii. Us soldiers have joined search and recovery efforts. At least 36 people are known to have died in wildfires others are still unaccounted for. Large parts of the tourist town of la highna on The Island Of Maui have been burned to the ground. This is what it looke like overnight when flames spread rapidly forcing some people to jump into the sea to escape. Multiple areas have been burnt to the ground and the western side of the island is almost cut off. Officials say, the Hospital System is overwhelmed, with many people suffering burns and smoke inhalation. Our correspondent Richard Galpin has this report. Is anybody still out here . Its time to go these are the desperate calls for people still in the historic City Of Lahaina on The Island Of Maui, as the flames on the marina gets closer and closer. Many neighbourhoods were burned to the ground as
the firestorm came through the banyan trees and ijust helped everybody i could along the way. virgin galactic is currently orbiting the earth with a former olympic athlete and mother and daughter on board. these are the latest pictures from the take off of that flight. it is coming towards the latter stages, we will bring you more on that on the programme. bayern munich agreed a deal in principle with tottenham for their specific harry kane.
wanted separately will see. there it goes, the rockets boosting and then went for about one minute like this at quite extraordinary speeds. we heard about a little early at the g force on board for those passengers that takes them 85 kilometres above the earth right to the urge of earth and you just got a glimpse from inside unity showing the passengers and hopefully you will see when they get to 85 kilometres at the moment of weightlessness you will see them on from their seats and that weightlessness they have trained for but it is one of those really remarkable moments for the tourists,
here what we are doing is launching the carrier plane with the rockets underneath and that rocket will then disconnect from the plane and it will fly vertically and will do a bigger loop basically. a bit like on a roller coaster, you will go up and then you will come back down again. and that is a much shorter duration flight. as you said, they will be back in an hour or so so it is not a long duration flight. you will get a few minutes of feeling as though you are weightless. a few minutes of floating around the cabin, a chance to look down at the earth and its curvature. a chance to look out into the blackness of space before returning. it is a much smaller endeavour than going and orbiting the planet. just to do one of these loops and come back again. a countrywide state of emergency has been declared in ecuador, after the assassination of a presidential election candidate. fernando villavicencio, a member of ecuador s national assembly, was shot dead while leaving a campaign ev