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this is the business stories from around the world, and i will try and pronounce that correctly in a let s start with a stark warning from the governor of the bank of england. andrew bailey has warned the uk and many other countries are facing apocalyptic food prices, due to supply problems caused by the war in ukraine. bailey warned inflation could hit 10% by the autumn, well above the central bank s 2% target. uk inflation is currently at 7%, which is its highest level in 30 years. another sign of the rising cost of living was shown at petrol pumps yesterday, with one litre of diesel costing £1.80, which is a record high. joining me now is swetha ramachandran, an investment manager at gam investments. thank you for being with us, we know that rising prices are a huge problem, but it really did underlinejust how bad huge problem, but it really did underline just how bad this could get without warning from the bank of england just yesterday. yes, indeed, and there are ....
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Investments. let s get some of the day s other news. the head of twitter has hit back after elon musk said his mit billion deal to buy the platform was on hold, while he sought details about fake accounts. in a series of tweets, parag agrawal defended the firm s estimates that spam accounts were less than 5% of users. mr musk responded with a poo emoji. sri lanka s new prime minsiter has warned the crisis hit country is down to its last day of petrol, and advised people not tojoin lengthy queues forfuel. sri lanka urgently needs $75 million in foreign exchange to pay for essential imports, which includes medical supplies and food. the uk government is poised the to introduce legislation that would allow ministers in london to override parts of the brexit deal on northern ireland. the foreign secretary, liz truss, is expected to make a statement today. prime minister borisjohnson ....
Attack on omar. i didn t come to congress to throw bombs on twitter, to take advantage of people by saying crazy things to raise money or to be a comedian. again, she is a republican. after that her republican colleague marjorie taylor greene decided to come to boebert s defense and attack mace. in a tweet, i quote. nancy mayes is the trash in the gop conference. never attacked by democrats or rinos, same thing because she s not conservative. she s pro-abortion. -makers you can back up off of lauren boebert or just go hang with your gal pals, the jihad squad. you re out of your league. well, rep nancy mace did not appreciate that initially tweeting this in response. yes. that is a bat emoji, poo emoji and a clown emoji. i ll let you figure out the message on your own and mace wasn t finish there had and said ....
It did receive some unkind attention, some people on twitter suggesting that it looked a little bit like the happy poo emoji. okay, wow! i didn t see that coming. but in the best possible way. thank you very much for that. reporter: but in the best possible way. thank you very much for that full fashion report. i thought we were going to get a lesson in curtesying and we talked about the emoji poo. cnn s jake tapper takes a look back, our seven biggest stories in politics, next. and respond 60 times faster. it lets you know where your data lives, down to the very server. it keeps your insights from prying eyes, so they re used by no one else but you. it. is. the cloud. the ibm cloud. the cloud that s designed for your data. ai ready. secure to the core. the ibm cloud is the cloud for business. yours. ....