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 lots o
palestinians. the temporary truce agreed between israel and hamas is continuing to hold. it isa it is a remarkably calm scene at the moment although it is a remarkably calm scene at the moment although you it is a remarkably calm scene at the moment although you can it is a remarkably calm scene at the moment although you can see it is a remarkably calm scene at the moment although you can see the damage to that skyline that seven weeks of war have left there. i was at that exact spot in southern israel yesterday, and to hear it quiet, relatively peaceful, to hear the sound of birdsong instead of the sound of air strikes and outgoing artillery fire, it was a marked difference to what we have seen in the last seven weeks or so. this is all part of the deal between israel and hamas. meanwhile in the past few hours, israeli children s hospital has released a video of hostages reuniting with their loved ones. this is the moment nine year old ohad, his mother and grandmother, gre
this is live, looking across at the israel gaza border, from israel. i was there yesterday when the ceasefire came into effect. it became very quiet as the ceasefire took hold. those plumes of sport those plumes of smoke gradually started to dissipate stop this is where the hostages being held by hamas will be returned to israel today, they will be brought into egypt. and this is the point at which palestinian detainees are being brought to, day two of the deal, it is expected to last two more days. israeli children s hospital have released a video of hostages reuniting with their loved ones. this is the moment nine year old ohad, his mother and grandmother, greeted their relatives they were released by hamas on friday. i was talking to one of the families relatives a couple of days ago, about the nervousness, at that point they did not know if they were going to be in the first group of releases. many of those pictures have been shared on social media. some of the rel
still being held by greek in gaza. israeli officials said that at least 13 more israelis being held captive in the territory are due to be released shortly. they will be released shortly. they will be released in exchange for 39 palestinian prisoners. the temporary truce continues to hold for a second day. each it said this afternoon there are signals that the truce could be extended for another one or two days. a delegation from qatar, which has been crucial in mediating between israel and hamas, has visited israel as well to discuss a possible extension to this deal. these are live pictures, looking across at gaza, from southern israel. you can see those pinpoints of light in the dark. this is an area that we look at a lot at the moment, because the ceasefire, the brief cessation in fighting, the first we have seen since this war began, is a crucial part of this deal. it is worth taking a moment as well to reflect on the numbers of hostages who are being released each day.
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