We start in the us where wall street shares have closed at new record highs on hopes that soaring inflation has finally peaked. America s consumer price index rose 0. 5 % injuly almost half the rate it rose injune. That s the biggest drop in monthly inflation in 15 months. Why s that so important? well, it means the federal reserve may not be under such pressure to start removing stimulus measures. In other words, cheap money could be around for a good while longer. Rapid increase in prices, i do think has peaked, and now with the delta variant slowing the economy to some degree, i think that acts almost as like a rate hike in some ways. But when you go out here in the west coast, it is busy, it is packed last weekend. So the economy is stilljust bursting at the seams, so very, very positive on economic growth. But i do think things like used vehicle prices and energy prices that have really driven inflation have probably peaked especially energy prices. So we never thought infla
City of ghazni as the un warns of an unfolding humanitarian disaster. The uk economy grows by nearly 5% between april and june following the easing of restrictions. New zealand says it will keep its border closed until at least the end of the year to keep covid out. And more wildfires in italy, as sicily records what could be europe s hottest ever temperature. And coming up this hour we ll talk to the new star of the track 23 year old matt walls who won gold and silver at his first olympics. Sorry about that delay. Good morning. Good morning. More than half a million students in england, wales and northern ireland are receiving their gcse grades this morning with record results predicted. For the second year running, the grades have been based on teachers assessments, after exams were cancelled. Let s speak to elaine dunkley, our education correspondent, who s in dagenham. Have they got their results yet, or is it imminent? is it imminent? they have got the results. Is it imminent?
Brought on by a group of teenagers and a nun trying to stop the expansion of australia s coal production. The oil giant shell is told to make big reductions in greenhouse gas emissions. Belarus s president accuses western leaders of trying to strangle his country, as he faces international criticism over the arrest of an opposition journalist. Villarreal beat manchester united in the europa league final after a marathon penalty shoot out. We start in the uk. Tens of thousands of people died needlessly from coronavirus that s the claim of the former chief adviser to the british prime minister, borisjohnson. Dominic cummings told members of parliament he believed the government had been guilty of disastrous failings. He described mrjohnson as unfit for thejob and said he heard the prime minister say he d rather see bodies pile high than order a third lockdown. Britain has been one of the countries worst hit by the pandemic. Our political editor laura kuenssberg reports. Reality or reve