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We begin in the uk, where inflation is rising at its fastest rate in decades as fuel, energy and food costs surge. The price rises are putting increasing pressure on household budgets, well find outjust how much pressure in the coming hours when the countrys cpi Inflation Figure for march is released. Prices rose by 6. 2 in the 12 months to february, and the uks Office For Budget Responsibility suggests they could rise as high as 8. 7 in the final three months of 2022. At the beginning of this month, Energy Bills Rose by as much as 5a , following the introduction of a higher price cap for how much energy firms can charge consumers. All this, of course, is eroding spending power. New data released on tuesday found that while wages rose for Public Sector workers, price rises outpaced them meaning a 3 drop in spending power, the biggest fall in 20 years. In a moment, well be taking a closer look at what todays figures may reveal, but first dougal shaw has been visiting some london entrepr
Translator the Military Operation will continue until its completed. Mariupol will be defeated. The russians have come up with a new tactic to ensure the devastation of their attacks last far beyond first impact. This is cnn Breaking News. It is wednesday, april 13th. We begin with the Mass Shooting inside a New York City Subway in brooklyn. The citys mayor described it as a quiet Tuesday Morning that turned into a war zone. The gunman is still on the loose. Authorities say he set off Smoke Grenades before firing 33 shots. Ten people were hit though all survived. 13 others were injured by smoke inhalation, falling down or panic attacks. New yorks governor says four children on their way to school were amongst those hurt. Police have identified the man who you see here is a Person Of Interest because hes believed to have rented a uhaul van whose keys were found at the scene. He has not been named as a suspect. That van is being towed away. Cnns Miguel Marquez described the scene as auth
hello, i m sally bundock with the top business stories, and we begin with the upcoming face to face meeting between us presidentjoe biden and china s president xi jinping. the two leaders are meeting on wednesday on the side lines of the asia pacific economic cooperation summit in san francisco and the world will be watching to see if they can soothe their fraught economic and diplomatic relationship. in their first face to face talks in more than a year, they are expected to discuss the ongoing trade row between the two countries, as well as washington s measures to restrict beijing s access to advanced computer chips, citing people familiar with the matter. let s discuss this with brian coulton chief economist at fitch ratings. good morning. we will talk about the cletus meeting on wednesday but today finance leaders are gathered. what is expected from them? i leaders are gathered. what is expected from them?- expected from them? i think there will expected from them? i
it is on the rise on the side of. business asia indeed of your self as well. the world trade organization says that world s trade growth is slowing at an alarming rate for the dickel instability and the persisting trade conflict between the world the world s two biggest economies are taking their toll britain s increasingly chaotic divorce proceedings from the make things worse than previously expected global growth could slow even more dramatic increase but no deal breaker said which looks increasingly likely for the world trade organization says global trade is expected to grow at a much slower pace this year than previously thought w.t. your analysts have lowered their growth forecasts for twenty nineteen to only two point six percent from three point seven percent the world trade organizations general secretary who best as if they had all said this should come as no surprise to anyone. in twenty seventeen global trade in goods and services roles and by four
point six percent but