Things like volatile food and energy prices, so called Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers a0 year highs, but it is still well above what the Federal Reserve thinks of as normal prices and with the overall trend heading in the right direction, policy makers, well, they may feel that they dont need to raise Interest Rates further. The us central bank, you may recall, raised its benchmark Interest Rate to more than 5. 25 percent, the highest level in 22 years, all in a bid to cool the economy and ease the pressures pushing up prices. So while its too early to say Mission Accomplished from the white house to wall street, there is a sense that progress is being made in the Worlds Largest economy. Chinas E Commerce Giant Alibaba reported its strongest quarterly Revenue Growth in almost two years, pushing its us listed shares up more than 4 . Earlier this week, the latest data showed Consumer Prices falli
Flames. This is one of the worst affected areas. 0fficials flames. This is one of the worst affected areas. Officials say they are struggling to assess the full extent of the damage, and warn the death toll may rise further. Is anybody still out here . Its time to go these are the desperate calls for people still in the historic City Of Lahaina on the island of maui, as the flames on the marina gets closer and closer. Many neighbourhoods were burned to the ground as the western side of the island was nearly cut off with only one highway open, and thousands trying to evacuate as officials told of widespread devastation in the town, its harbour and surrounding areas. Some people fled into the ocean to escape the smoke and flames. I was the last one off the dock, when the firestorm came through the banyan trees and took everything with it. And ijust ran out to the beach and i ran south, and ijust helped everybody i could along the way. Youve got to know when you can. The cause of all this
And the soil is waterlogged. One farmer in wiltshire says the losses are heart breaking. Our reporter liz beacon has the story. So this is our wheat thats been damaged by the wind and the rain, as you can see. For a farmer, august should be one of the busiest times of year, harvesting crops. This year, the Unrelenting Rain has put paid to that and everythings ground to a halt. Its pretty depressing and its pretty heartbreaking because weve gone to lot of effort to grow this wheat and, of course, weve spent all the costs on it, so were completely cost stacked now, and without selling it, we cant, you know, we cant reclaim those costs. So we are. Yeah, its actually a lot worse than i thought. Tom collins is a fourth generation farmer here on his family farm. He knows it can rain in august but, after one of the wettestjulys on record, he believes Climate Change is having huge consequences for his business. What we really want is a level price at a time like this. If you worked in a shop a
Goes into administration. Three, two, one, release, release, release. And a mother and daughter and an 80 year old man with parkinsons become Space Tourists with sir richard branson s virgin. On newsnight at 10 30pm a a star hotel in leafy llanelli. The government says it will not put migrants into such places, but here, they are trying very hard to do just that. Is there a Coherent Policy On Migration . Good evening. An Hawaiian Paradise has been turned into an inferno by wildfire. President biden has declared a major disaster on the island of maui. At least 36 people have lost their lives so far with the coastal Tourist Town Lahaina razed to the ground. Thousands have had to flee and as you can see most houses have been destroyed. People have told how they ran into the ocean as the fire swept through the town. Its not know how the fires started, but the ground is tinder dry after recent hot weather and the flames have been fanned by strong winds from hurricane dora, cutting across th
On the harry kane story . That is exactly where we will pick things up. That potential transfer. A deal has been agreed in principle for Bayern Munich to sign the captain. But it is now his call to make. He has a year left. 30 came in a campaign where spurs finished eight, meaning they missed out on european football. Its not all done and dusted. It is now up for harry kane to decide. Hes been in this club since 200a. Hes been in this club since 200a. He said many times, he wants to win trophies. Hes second in the all time score list. Hes got 213 at the moment. Alan shearer has 360. Ive been speaking to fans who say they dont think that record will be enough to keep kane at the club. Bit of enough to keep kane at the club. E; it of a surprise, enough to keep kane at the club. E; t of a surprise, and we came to the stadium and it was Breaking News that we agreed the deal he agreed. That we agreed the deal he aareed. , ~ that we agreed the deal he aareed. , ~. ,. , agreed. Its kind of