welcome to our look at the top business stories. i m lukwesa burak. today, global markets will be watching the latest us inflation data for clues as to whether the federal reserve might move again on interest rates. inflation was 3.7% over the 12 months to september which is the same rate recorded for august. while inflation has cooled significantly from last year, it remains higher than the 2% target. this month, the us central bank held its key interest rate at its current 22 year high as it seeks to stabilise price rises, which had recently reached near record levels. joining me now is steven blitz, chief us economist, ts lombard. hello and welcome to the programme. hello and welcome to the programme- hello and welcome to the - programme. what are programme. thank you. what are ou programme. thank you. what are you expecting programme. thank you. what are you expecting later programme. thank you. what are you expecting later today? - programme. thank you. what are
britain s ecomomy is expected to have gone into reverse shrinking by 0.1%. and if that continues for the rest of the year two quarters of negative growth that would constitute a recession. the bank of england has raised the cost of borrowing to a 15 year high, to try to rein in soaring prices, and that s weighing heavily on many businesses and households. on thursday, official data showed a steep jump in the number of people falling behind on mortgage payments. our cost of living correspondent, colletta smith, reports. good morning, donna speaking, how may i help? with rates on the up, more people have been struggling to pay their mortgage bill. don t worry, i m sure we can get this sorted out for you. ..and an increasing number are now officially in arrears. you know, nobody wants to send debt collectors to your door. nobody wants that. that s not what we want. we want to help you, we want to get a solution in place with you, but we can only do that if you give us a ca
colombian media reports say the father of the liverpool footballer luis diaz has been released by the eln rebel group. he was abducted nearly two weeks ago. live now to bogota and our correspondent daniel pardo. he correspondent daniel pardo. was given away by co| old est he was given away by columbia s oldest guerrilla group, who took him 12 days ago and happy to agonise a complicated and generated a huge memory for most colombians for the past 12 days. he was given into un officials, take it into a helicopter and then he went, now he is being seen by doctors. huge relief from colombians, but also anger because colombians, but also anger because colombians are tired of dealing with this situation, especially with a gorilla group that has no political means, according to colombians, and they are only looking for money and trying to increase their capital. i know this story has onlyjust broken but is anything emerging about how this release was actually secured because it has
had focused their efforts on hard to search area on the border between venezuela and colombia. the group holding diaz, the national liberation army known as the eln had called his kidnap a mistake and agree to release him, but it wasn t until today that a team met with rebels to bring him home. translation: it rebels to bring him home. translation: rebels to bring him home. translation: , ., ., ., , translation: it has been an anxious few da 5, translation: it has been an anxious few days. but translation: it has been an anxious few days. but i translation: it has been an anxious few days, but i always translation: it has been an anxious few days, but i always had translation: it has been an anxious few days, but i always had faith - translation: it has been an anxious few days, but i always had faith in - few days, but i always had faith in god this had to happen in the best way. ourfamily does not god this had to happen in the best way. our family does not deserve
sadly, the birthplace of the man christians call the of peace is often a war zone, as it has been for centuries. but the manger that generations of pilgrims have sought out is a bit of a shock. a stone grotto that doesn t look much like a cozy stable. caves like this one pock mark the region where bethlehem lies. but one scholar suggests that we ve got the wrong address. there is another bethlehem, one that borders joseph and mary s home territory to have nazareth. that suggests to me that this is the bethlehem that we ought to be looking at instead of bethlehem of judea. it is unlikely this argument its going to trump centuries of tradition that point to the bethlehem of faith.