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in government subsidies and grants have been offered to get the deal over the line and it seems that is now the new normal, the global map of manufacturing is being rewritten as we speak. if you are to be on it you need to provide subsidies, the us has got $170 billion in subsidies and many people saying this is not enough, this is great but we will need at least four of these plants in the future if we are to support our domestic car industry. we are to support our domestic car industry- car industry. our business editor simon car industry. our business editor simon jack. - let s unpack this further with fiona cincotta from the city index. the government being quite tightlipped about this but rishi sunak will head to somerset to announce the news and tata group will be there as well. it is so important to the uk car industry, this news? this is being considered a significant victory, probably for the government but really for the government but really for the govern ....
hello, i m nancy kacungira, welcome to the daily global bringing you the top stories from around the world. we start with the exceptional heat that is continuing to be felt across large parts of the northern hemisphere. the world health organisation is now warning that the record breaking temperatures are straining health care systems in the affected areas. wildfires are still burning across greece, in southern europe this is the scene just outside athens where forests and homes are being destroyed. greek authorities are bracing themselves for a new heatwave, which is likely to further stoke tinderbox conditions across the country. southern europe is hugely affected by the heat but the situation is global. in china, beijing has registered four weeks of record highs. in xinjiang, on sunday, the temperature reached 52 celsius. and in phoenix, arizona, even fiercer heat with highs of at least 43 celsius about 110 fahrenheit for 19 consecutive days. the mediterranea ....
the rate of price rises in the uk falls by a bigger number than expected injune, but it s still far away from the bank of england s 2% target. and it s on the owner ofjaguar land rover, the tata group, is to build a new five billion dollar battery plant in the uk. welcome to world business report, i m mark lobel. i m mark lobel and we start here in the uk where annual consumer price inflation fell to a lower than expected 7.9% injune, down from 8.7% in may. that is a bigger fall than was expected by economists, but still far above the bank of england s 2% target. core inflation, which excludes food, energy, alcohol and tobacco prices, also dropped by more than expected, coming in at 6.9% from may s 7.1%, itsjoint highest in more than 30 years. we re nowjoined by anna leach, who s the deputy chief economist at the cbi. i economist at the cbi. want to start by asking you whether i want to start by asking you whether you think there is still a long way to go on inflation ....
good evening. brighter news, then, for the british economy. inflation fell more than expected last month. so what will that mean for the british economy and our mortgages, which are getting ever more expensive? also tonight, the owner ofjaguar land rover, tata, confirms it will build its flagship battery plant here in the uk, but in return for some huge government hand outs. the government s critics say it is no substitute for a proper industrial strategy. and the heatwave in europe intensifies get used to it. the world health organization warns this is the new normal. so, it might taste ghastly, but the medicine does appears to be working. across the board, inflation was down today. the headline figure that s the consumer prices index fell injune to 7.9%, down from 8.7% in may. that fall was driven by a 2.7% drop in food and fuel prices. while inflation is falling, it does not mean prices are falling, just that they are rising less quickly. well, what does that m ....
and astonishing new finds from almost 2,000 years ago in the ancient roman city of pompeii. and coming up on bbc news. less than 2a hours until the start of the england strike early in the third test. good afternoon and welcome to the bbc news at one. the rate at which prices are going up in the uk slowed down by more than expected last month. inflation dropped to 7.9% the previous month it had stood at 8.7%. falling fuel prices contributed to the drop, and food prices rose less quickly than injune last year, according to the office for national statistics. but uk inflation remains the highest in the g7 advanced countries and is falling more slowly. our business correspondent dharshini david reports. young man, what were you looking for? at this market in hythe, the cost of the food trader taryn buys has settled, but remains high. thank you. a lot of pork product and cheese as well. cheese and butter has sort of plateaued and maybe dropped a fraction, but nothing to l ....