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i m sally bundock and we start here in the uk where in the next few hours the latest inflation numbers will be released and its widely anticipated the news will be good with prices coming down. the bank of england says it expects inflation to fall sharply in april . this follows an upgrade from the international monetary fund for the uk economy. it says we should avoid a recession this year but the imf is warning inflation remains stubbornly high and higher interest rates will need to remain in place if it is to be brought down. so where are we at? if we look at february inflation measured as consumer prices stood at 10.4%. the soaring cost of food and energy being the key drivers. it then fell slightly to 10.1% in march. this was a surprise as a much biggerfall was predicted and rang alarms bells with concerns of sticky inflation that proves difficult to reduce. bells with concerns inflation is proving very sticky. difficult to bring down. and helps low prices w ....
and microsoft both unveiling quarterly report cards beating expectations. shares in alphabet jumping after hours as the company announced that quarterly revenue rose to $69 billion. meanwhile, microsoft a boost in extended trading with quarterly revenue mainly driven by growth in its clad competing businesses. dan ives is senior equity analyst at wentworth securities and says these are welcome news for the tech sector. some sunshine in a dark environment. this reflects the muscles moment for big tech in terms of what we saw from alphabet and microsoft, both on cloud and digital advertising. markets will be focused on these results tomorrow. the hottest thing at the moment appears to be ai, but is google s market share at risk? this was a sigh of relief in terms of what we see on the ai front in terms of bard and ultimately focused on what google is trying to do. there is definitely a game of thrones going on in al. microsoft is leading, but google has all hands on de ....
Samsung and sk hynek saying that they have experienced their own economic coercion at their own economic coercion at the hands of beijing s.- the hands of bei ing s. thank ou for the hands of beijing s. thank you for summing the hands of beijing s. thank you for summing that - the hands of beijing s. thank you for summing that up. - the hands of beijing s. thank| you for summing that up. we will keep a close eye on the developments on that. now let s take you to barcelona next, which is one of the most popular tourist destinations in the world, famous for the sagrada familia basilica as well as its bars and restaurants. but for many local residents, the city has simply become too popular and tourism is now a major challenge. as barcelona holds a local election on sunday its status as a tourist magnet has come under scrutiny. guy hedgecoe is there for us. another day, another cruise liner docks in barcelona harbour. around 400,000 cruise passengers disembark here each month. the city ....
Faisal islam, bbc news, in kentucky. let s update you with other news this morning and sk hynek says market conditions of the industry will improve in the industry will improve in the second half of 2023 as production cuts take effect. they reported a loss ofjust over two and a half billion dollars in the three months between january and march. dollars in the three months betweenjanuary and march. the company s betweenjanuary and march. the compa ny s loss betweenjanuary and march. the company s loss has widened with slow down worsening and a memory chip clapped in that period. and we turn our attention to one of the largest cigarette because in the world, british american tobacco is painjust over $600 british american tobacco is pain just over $600 million plus interest to us authorities after its subsidiary admitted that it has been selling cigarettes to north korea in violation of sanctions. the boss of bat said they deeply regret the misconduct. the us has imposed severe sanctio ....