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they get from the canal almost halving. on top of that, and despite a recent bailout from the international monetary fund, the economy is facing pressures on various fronts, with the war in gaza also hitting tourism. really important egypt. egypt s president abdel fattah al sisi begins his third term in office today after an election where he faced no serious challengers. during his inauguration speech the president emphasised his intention to maximize the economic role of the suez canal. with me is mohamed taha from our bbc arabic service. good to have you. to start, explain why this was canal is so important to the egyptian economy. so important to the egyptian economy- so important to the egyptian econom . ,, ., ., , economy. the suez canal is the main source economy. the suez canal is the main source of economy. the suez canal is the main source of foreign - economy. the suez canal is the main source of foreign currencyi main source of foreign currency to egypt, prod ....
than expected last month. our economics editor faisal islam has been to rustington, in east sussex, to find out if people are feeling any better about their finances. on about their finances. the on about theirfinances. the high on about their finances. the high street, on about theirfinances. the high street, shoppers can on the high street, shoppers can feel inflation is coming but the feelgood factor the prime minister will depend on in a general election remains elusive. , ., . , in a general election remains elusive. , ., . elusive. some products are auoin elusive. some products are going up. elusive. some products are going up. some elusive. some products are going up, some products. elusive. some products are l going up, some products are plateauing. it isjust going up, some products are plateauing. it is just not a good time for everybody. i good time for everybody. i think things are still going up ust think things are still going up just slightly less fas ....
so no where near the end of this cost of living crisis yet. find so no where near the end of this cost of living crisis yet. so no where near the end of this cost of living crisis yet. and do we hear do cost of living crisis yet. and do we hear do we cost of living crisis yet. and do we hear do we have cost of living crisis yet. and do we hear do we have any cost of living crisis yet. and do we | hear do we have any breakdown cost of living crisis yet. and do we - hear do we have any breakdown on hear do we have any breakdown on the wage inflation when it comes to private and public sector workers? we saw private sector wages ahead of public sector pay, we also saw some one off payments made in the public sector which led to a larger rise, continuing the story of what we have seen over a decade, which is private sector pay outstripping that of the public sector. let s look at other stories across the uk. a british teenager who went missing after ....
the news comes after the boss of the bank of england, andrew bailey, said the economy had turned a corner, but wasn t yet in a strong recovery. for more on this i m joined now byjackie bowie, head of europe at chatham financial. where is this growth coming from? the good news is the surprise upside in gdp was actually very broad based. if you look across the different components of gdp we saw a good recovery in the service sector activity. actually good recovery in consumer spending as well because obviously that s been a big focus with the cost of living issue and of course then with inflation that we have seen over the last year as well. so i pretty broad based recovery and again it took some economists by surprise this morning. are you breaking out the champagne now, are the recession time is completely behind us? it certainly looks like we completely behind us? it certainly looks like we have completely behind us? it certainly looks like we have exited - compl ....
violent clashes continued this week at colleges and and universities across the country as police departments from new york city to los angeles moved in to clear pro-palestinian encampments and arrest protesters in scenes reminiscent of the vietnam war era. after more than a week of silence, president biden addressed the growing campus chaos on thursday. there s the right to protest but not the the right the cause chaos with. vandalism, trespassing, breaking windows, shutting down campuses, forcing the cancellation of classes and graduations, none of this is a peaceful protest. dissent is essential to democracy, but dissent must if never heed to disorder or denying the rights of others so students can finish the semester and their college education. paul: joining me now is former indiana governor and former president of purdue university, mitch daniel withs. great to see you, mitch. thanks for joining us. so when you were president of purdue, did you ever have an epis ....