morning as katie silver and she has been looking into this story for us and joins us on the programme live. it was great to get you on the show. what is your sense of the key things they re hoping to discuss and achieve at this meeting? figs discuss and achieve at this meeting? discuss and achieve at this meetinu? a ., meeting? as you said, at the to of meeting? as you said, at the tap of the meeting? as you said, at the top of the agenda meeting? as you said, at the top of the agenda is - meeting? as you said, at the top of the agenda is china. . meeting? as you said, at the | top of the agenda is china. we have seen it already. we heard, for example, last night there was a working dinner to kick off this three day event and by video link we heard from the top foreign policy chief of the eu, the high representative josep borrell. he is basically called on leaders of the g7 to put china and particularly its behaviour when it comes to taiwan as the major focus that they
rate by 3/4 of a percentage rate and we expect ongoing increases will be appropriate. hello and welcome. thursday, september 22nd. 9 a.m. in london. 4 a.m. in washington and new york. he faces a new lawsuit and unprecedented number of investigations. it ruled the justice department can resume the criminal investigation and review of classified documents seized from his mar-a-lago home and resort during an fbi search. that coming hours after the new york attorney general announced a sweeping lawsuit against three of trump s children and trump himself. they re accused of staggering amounts and they say the disclaimer was included on loan applications. it basically says to an institution. you are going to loan money, you have to make sure you get your own appraisers, own lawyers, everything. these are banks that have the best lawyers in the world, shawn. by the way, they got paid back. just so you know. everything was paid back? nobody got harmed? i never got a default.
welcome to the programme. the bank of england has warned the uk is facing its longest recession since records began, as it raised interest rates, by the biggest rise in 30 years. the 0.75 percentage point rise the eighth consecutive hike takes uk rates to from 2.25 per cent to 3 percent, meaning higher mortgage bills for many homeowners. the bank of england s move matches the us central bank s rate hike on wednesday, taking us rates to 3.75 to 4.0%. here s the bank of england governor. these are big changes. they have a real impact on people s lives. so, why are we doing it, and why are we doing it now when so many people are struggling with higher energy and food prices and other bills? we are increasing bank rate because inflation is too high. it is the bank s job to bring it down. a rise in interest rates can have an influence on things like credit card repayments and mortgages but also the interest paid on your savings. but the governor says this is the only way to r
officials at the united state s central bank think inflation is going to remain uncomfortably high in america for some time. that s according to the minutes of the last fed meeting where monetary policy is set. the bbc s north america business correspondent samira hussain reports. if anyone thought most recent price hike which showed no inflation injuly was the new normal the federal reserve is here to tell you otherwise. the latest minute shows that the committee that sets monetary policy in the us was unanimous that prices are going to keep going up for months to come. that means everyone should expect more interest rate rises as well. the committee height interest rates by three quarters of a percentage point last month, another rate hike in september seems almost certain. the only question is by how much? the minutes show at least some on the committee thank that their efforts to tame inflation may be starting to have some effect. based on the market response that has
we start with the latest fallout from what has been a recent wave of travel dirspution hitting the airline industry. the chief operating officer of easyjet has handed in his resignation after he oversaw a series of flight cancellations and disruption for travellers in recent weeks. this comes after thousands of easyjet flights have been cancelled some at short notice. so what are we talking about here? it s understood that roughly 10 thousand flights scheduled to run overjuly, august and september have been cancelled. thats s about 6% of easyjet s scheduled flights and the airline says the majority of its flights are unaffected with it continuing to operate up to 1,700 flights a day. but easyjet is far from the only business affected by widespread issues hitting aviation at the moment from staff shortages to industrial action. joining me now is travel expert paul charles chief executive of the pc agency. good morning to you, paul. specifically, easyjet, it was all a bit