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The cpi numbers earlier. While the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. Its at 4. 3 . And thats illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. The Federal Reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see . Exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase Borrowing Costs which, in essence, has similar effects raising interest rates. As far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week but actually ....
I spoke to michele servadei, who is a un representative in libya, and he gave us his assessment of what the immediate threats are now. Displacement is a major concern as well. There are over 30,000 people displaced in multiple areas, mostly from derna town, but also in other areas. As you mentioned, the Waterborne Diseases risk. So its not coming from the bodies. Its coming from potentially the Sewage Mixing with Drinking Water and with the water around. So we will need to provide safe water, but also repair quite fast the water and sanitation system and make sure that people in shelters have hygiene kits, but also that they have cholera prevention measures. And we are looking potentially at discussing with the government whether or not we need to do a Vaccina ....
Through the city and out to sea. Now to give you a sense of the power of that reverse tsunami 20 centimetres of fast moving water, is enough to knock adults off theirfeet here you had three metres of water sweeping everything in its path. It is an appalling loss of life the man in these pictures had onlyjust found his son, and was begging Rescue Workers not to move him. Desperate scenes repeated again and again there are some people who have lost 30 50 members of their extended family. Heres one survivor describing what he went through. Translation we woke up at around 33. 30am, i we heard a large bang. Anyone who was awake in derna for sure must ve heard it. The water was unbelievable, everyone could hear it coming. When we went outside, the city was gone, it had been raised to the ground. Well, to begin with, there are around 14 15 families which were swept away by the sea. Anyone who was in the valley was just swept away. Nine ....
Thats the highest since the launch of the euro more than 20 years ago. And its worth putting into context that as recently as last year, eurozone Interest Rates were negative. The reason is that inflation is proving harder than expected to control. For the 20 countries using the euro, inflation was 5. 3 in august thats half the 10. 6 that it was a year ago. But as the ecb says today, it is still expected to remain too high for too long. Earlier we got the view from The Economist katharine neiss, she explained the background to this latest move. The ecb told us today through their actions they are still concerned with inflation being too high. I think in particular they are concerned that underlying inflation could become embedded in the euro area economy, making it harder for policymakers to get inflation back to their 2 target. Widely perceived this could be the lasting incre ....
Negative adequate warnings. There are fears the true number of deaths could be close to 20,000. In britain and arrested on suspicion of murder, detectives are questioning three relatives of ten year old sara sharif. In the uk, the Prime Minister rishi sunak insists it is an absolute priority to protect in the uk from foreign state interference, including beijing. Time for a look at the sport. Hello from the bbc sport centre. If the hosts had hope for theirfirst game of the rugby world cup. The second brings significant expectation france will provide another win. After a three day break, the tournament resumes later with their match against uruguay in lille. France have made wholesale changes from the team that won that opening game against new zealand. 12 in all to take on uruguay. Who are ranked 17th in the world. Theyll be captained by anthonyjelonch, whos recovered from a serious knee injury. While uruguay are playing for the ....