Stay updated with breaking news from Paramount . Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
the annual rate at which prices have been going up. inflation peaked at more than 10% last year, forcing the bank to raise interest rates aggressively to try and bring it under control. but it has since fallen sharply. and on wednesday, official figures showed it was down to 3.9% in november, the lowest rate in 2 years, and far lower than expected. that s raised hopes the bank of england will be soon able to start cutting the cost of borrowing, easing pressure on businesses and households. here s our economics editor, faisal islam. arp and now sharply down. over the past year, inflation in britain seemed like a runaway train. but it s now coming into land faster than expected. here and beyond. it has been a hard year or two for her with hundreds closing and some say prices are now stabilising. inflation is definitely killing us. the rise has gone up 15%. and behind you? us. the rise has gone up 1596. and behind you? up-and-down, i remember and behind you? up-and-down ....
margaret: millions taking to the roads and skies ahead of the holiday weekend. may see wet weather out west. rudy giuliani files for bankruptcy, just days after a jury because he has to pay nearly $150 million. and tonight s eye on america, we ll tell you about the ai program that s helping airports track down your lost items. once we find that i am for them, they are so happy. margaret: and visiting children and newborns and even e christmas spirit under watch. merry christmas. [laughter] margaret: good evening. i m margaret brennan in tonight for norah o donnell. an intense storm is slamming the west, impacting holiday travel, and we will get to it in a moment. but we begin in central europe, with a rare deadly mass shooting at a university campus. at least 14 people were killed and 25 others wounded when a lone gunman opened fire from the roof of a building at charles university in prague. that is the capital city of the czech republic. police say the ....
a major new service unveiled to take on the likes of netflix, disney and amazon. but will viewers stump up the cash for another subscription? let us now focus on the top money stories. we start with the cost of borrowing, because the number two at the international monetary fund has told the bbc we shouldn t bank on lower interest rates any time soon. the imf and world bank are hosting global financial leaders at their spring meeting in washington, dc. the imf s deputy managing director has been speaking to our correspondent, samira hussain. gita gopinath told samira that central banks must stay the course in fighting inflation despite the shock waves sent through the banking system by rapidly rising interest rates. it is very difficult to be fully prepared for all the consequences of the times we are in, when you come out of a pandemic and there is a war and you have this very large increase in any energy prices, many things can happen. interest rates have gone up sharply, ....
synagogue attack. new details about the man charged with trying to firebomb a large synagogue in new jersey. eye on america, the effort to save america s largest coral reef. cbs s manuel bojorquez takes us there. we ll show you what s happening inside this lab. norah: plus eye drop recall after an over-the-counter brand was linked to vision loss and one death. and the young singer hitting all the right notes on her journey to the grammy awards. to explain announcer: this is the cbs evening news with norah o donnell, reporting from the nation s capital. norah: good evening to our viewers in the west, and thank you for joining us on this thursday night. we come on the air tonight with some breaking news. we have just learned that the pentagon is tracking a suspected chinese spy balloon spotted flying over the united states. president biden was briefed, fighter jets scrambled, and there was a discussion at the highest levels of our government about ....
prominent attorney killed his wife and son. synagogue attack. new details about the man charged with trying to firebomb a large synagogue in new jersey. high on america, the effort to save america s largest coral reef. cbs s manuel bojorquez takes us there. we will show you what happens inside this lab. norah: plus i drop recall after an over-the-counter brand was linked to vision loss and one death. and the young singer hitting all the right notes on her journey to the grammy awards. to explain announcer: this is the cbs evening news with norah o donnell, reporting from the nation s capital. norah: good evening and% thank you for joining us on this thursday night. we are coming on the air tonight with some braising news. we have just learned that the pentagon is tracking a suspected chinese spy balloon spotted flying over the united states. president biden was briefed. fighter jets scrambled, and there was a discussion at the highest levels of our ....