welcome to the programme. there are tentative signs that inflation is coming under control, and the recession forecast last year will be shallower and shorter than expected. butjust to make sure, the central banks are raising the interest rates again. yesterday it was the fed, today the bank of england increased the base rate, half a point, to 4% the highest it has been in m years. we think inflation will come down rapidly, and a lot of that is down to energy prices, which have fallen rapidly. but i m afraid there are big risks out there which mean that it may not happen in that way. yet we re still seeing stronger pressure from price and wage setting in the economy in the question is, will that start to ease off? coinciding with the bank s decision came a profit announcement from shell and a rather blunt illustration of why we re all getting poorer. the oil and gas giant has reaped profits of £40 billion last year. the taxman has reaped far less. shell said it paid $1
president with the violence. tonight with the context, mick mulvaney, president trump s former chief of staff, and the former conservative cabinet ministerjustine greening. hello, welcome to the programme. on a tour of the television studios this morning, the business secretary jacob rees mogg tried to blame the bank of england, rather than the uk s economic policies, for the recent market turmoil. what has caused the effect in pension funds, because of some quite high risk but low probability investment strategies, is not necessarily the mini budget. it could just as easily be the fact that the day before, the bank of england did not raise interest rates as much as the federal reserve did, and i thinkjumping to conclusions about causality is not meeting the bbc s requirement for impartiality. it is a commentary rather than a factual question. it s notjust the bbc pointing to the cause and effect of kwasi kwarteng s budget. while there is undoubtedly a global element to this
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Minister of Foreign Affairs Nikos Dendias’ interview on the online talk show “Meeting Point” on “Newsbomb” with journalist Olga Tremi-highlights (27.04.2023) Announcements - Statements - Speeches Current Affairs
memo from a four star general who had put in writing that in his view the us would be at war by 2025. republican michael mccaul said i hope the general is wrong but i think he is right. it should be stressed that neither comment would represent in any way the position of the pentagon. but it does underline the concern at the highest levels of the us military, over a future attempt by china to exert control over taiwan, which beijing claims as its territory. and with that threat in mind, the united states is now adjusting its force posture in the disputed south china sea. they have just secured access to four additional military bases in the philippines until now, the us had access to five in the philippines. until now, the us had access to five military sites under the enhanced defence cooperation agreement. they are marked by the red dots on this map. now they will have extended access to nine. philippine officials say locations being considered included bases in northern luzon cl