we start here in the uk where investors are now betting the cost of borrowing will have to keep rising because inflation remains stubbornly high. that s despite a pledge by the government to bring it down, and a barrage of interest rate rises by the bank of england attempting to get it under control. just a few weeks ago, we were assuming that after 11 increases in a row, the bank would not have to raise rates much further. but on wednesday, there was a major rethink on financial markets, which are now pricing in three more rises this year, with rates hitting 5%. here s why. prices in the uk are still rising much too fast, with inflation at 10.1% in the year to march. that s a bit less than the 10.4% recorded in in february, but was still much higher than expected. economists were predicting inflation would fall into single figures. one of the biggest factors the soaring cost of food and drink. it s up over 19% in the past year. it s the fastest rise in 45 years accordi
first quarter. its revenues though, fell around 5% as the industry faces up to a supply glut. tsmc remains asia s most valuable listed company, despite a fall in its share price by over quarter last year. the company is under pressure as some western economies seek to diversify their semi conductor supply chains. let s cross live now to malcolm penn, a global semi conductor industry analyst and ceo of future horizons. thank you for being with us. talk to me, first of all, but these figures. not as great as expected, but given what is happening in the industry, a good performance? the what is happening in the industry, a good performance? good performance? the industry is notoriously good performance? the industry is notoriously cyclical, good performance? the industry is notoriously cyclical, it good performance? the industry is notoriously cyclical, it does - good performance? the industry is notoriously cyclical, it does go - notoriously cyclical, it does go through
of the sun, moon and earth. and coming up on bbc news, we look ahead to manchester united against sevilla. can a fit again marcus rashford help them progress to the semifinals of the europa league? good afternoon and welcome to the bbc s news at one. in the last hour, it s emerged that rishi sunak has received an independent report into allegations of bullying made against the deputy prime minister, dominic raab. a senior lawyer has been investigating eight complaints mr raab has always denied the claims. our political correspondent david wallace lockhart has the details. dominic wallace lockhart has the details. raab has been th an dominic raab has been the subject of an investigation since november. eight complaints involving 2a people. eight complaints involving 24 eole. , eight complaints involving 24 eole. v eight complaints involving 24 neale, , ., people. let s make our next prime minister, please people. let s make our next prime minister, please welcome - pe
hello and welcome. well, in the last hour, it is been announced the british prime minister will not determine the fate of dominic raab as deputy prime minister today, dominic raab as deputy prime ministertoday, despite dominic raab as deputy prime minister today, despite being given the report investigating whether he believed officials. let s cross live now to speak to our political correspondent, rob watson come in the newsroom for us. what do we make of this delay because yellow i m afraid we are not a whole lot further along the line, are we? we know that downing street received the report earlier today. we know the report earlier today. we know the bbc understands that dominic raab has read it, and we also understand that there is not going to be a decision today. i think any attempts to read anything into why there is a delay, or if even delay is the right word, is is the right word, is pure speculation, is the right word, is pure speculation, but - is the right word