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this latest ceasefire $245 million in aid to help support people fleeing the violence. i m ben thompson. let s start in the uk where the cost of living crisis is showing some tentative signs that it is starting to ease slightly. the latest rate of inflation for the month of april has fallen to 8.7% now that s still very high and above the 8.2% rate that many economists forecast, but still a significant drop compared to the over 10.1% rate we saw last month. double digit inflation that had been in place since august last year all well above the bank of england 2% target hitting a peak at 10.4% in february, before slowly coming down. this latest figure is the sharpest drop since the cost of living crisis began. but growing cost of food still remains very high. as you can see here, food prices increased by 19% in april and havent yet come down from their peak. making it difficult for people to feel better off right now. joining us now is simon french, chief economis ....
treasury secretary, janet yellen. it comes at a time when diplomatic and economic relations between the us and china are increasingly fraught. the bbc s north america business correspondent samira hussain has more. it has been five years since the united states imposed tariffs on billions of dollars of goods coming in from china. since then, not only have trade relations, but diplomatic relations between the two countries have deteriorated. but in a speech at an american university, us treasury secretary janet yellen was emphasizing the need for a more constructive relationship with china. we seek a healthy economic relationship with china, one that fosters growth and innovation in both countries. a growing china that plays by international rules is good for the united states and the world. both countries can benefit from healthy competition in the economic sphere. but healthy economic competition where both sides benefit is only sustainable if this competition is fair. ....
we will look at taiwan in the moment and the implications of nancy pelosi s trip there. we start with oil and the impact high prices is having on the global economy. nearly every country is struggling with the climbing cost of oil and gas as it fuels inflation and households struggle to pay bills so much so that president biden visited saudi arabia last month to persuade the major oil producer to increase supply and cool soaring prices. saudi arabia meets today with the other members of opec plus to decide on their next move. our middle east business correspondent sameer hashmi has more. another opec plus meeting but this one is a crucial one that comes with them if as of august producing the same amount you are back most members of opec plus in the uae only to members which have limited spare capacity. that boils down to them whether they will be able to boost production substantially to balance the market and bring down oil prices. it s very unlikely they are going ....
And well be getting The Inside Track on the key to success in china. The founder of uk high street stalwart timpsons will be here to explain why hes expanding his key cutting and shoe repair business overseas, and why brexit was the right thing to do. Today, as burger king launches a new ad that hijacked googles home assistant, we want to know do adverts need to be more creative to get your attention these days . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Welcome to the programme. We start on wall street, where its a hugely important day for investors. Foul for our pensions now, we know the share prices of banks have soared in the months following President Trumps election, led by americas biggest banks, which are up by almost 25 . But in recent weeks, doubts have been creeping in ....
The latest news from around the world with host Fredricka Whitfield. Lawyer. Hes been lying all week. Hes been lying for years. I mean z now, fred, President Trump has not answered directly cnns questions about Michael Cohens claims, nor about that personal private recording he apparently made of a conversation that he had with President Trump. He has, however, tweeted about Michael Cohen. At one point suggesting that cohen could potentially be making up stories to get him out of legal troubles connected to his taxi business, fred. Boris sanchez, thanks so much. All right, so how did we get here . Lets go back to the week this all happened in june of 2016. Here are the facts. We know the publicist rob goldstone, the man who helped orchestrate the meeting, emailed d ....