programme. there will no be default. those were the words of president biden on thursday as he hailed what he called productive talks with his political rivals as the clock ticks on the country s finances. he is trying to avoid hitting the debt ceiling. the us government is set to hit its borrowing limit of $31.4 trillion next week, raising fears it could run out of money to pay its bills without a deal to increase the debt ceiling. from new york, michelle fleury reports. with just one week left until treasury officials say the us will run out of cash to pay its bills, the mood music from washington was upbeat that a deal can be done to avoid default. i want to be clear that the negotiations we re having with speaker mccarthy is about the outlines of what the budget will look like not about default. it s about competing visions for america. nothing will be resolved till we solve them all. we know where our differences lie. we worked well past midnight last night, we r
hello, i m vishala sri pathma. ukrainian officials have dismissed claims that the city of bakhmut has fallen to russia, after wagner mercenaries said they ve started handing over control of the eastern city to moscow s army. the battle for bakhmut has been the longest and bloodiest of the war. this aerialfootage taken earlier this month shows intense shelling in a residential area. most people fled before fighting broke out. bakhmut is of little strategic value, but its capture would be a symbolic victory for russia. meanwhile, the ukrainian president volodymr zelensky made a surprise speech for graduates atjohns hopkins university in maryland. i m proud that ukraine is not losing a single day in its defence against russian terror. every day, we do everything to become stronger, to give more protection to people, to save more lives. the united states has also not lost a single day to help ukraine repel the russian aggression. the battle for bakhmut began last august, and ukra
live from london, this is bbc news. there will be no default president biden hails productive talks on raising america s debt limit, with just days before the government begins to run out of cash. also coming up, state of the unions britain reels from its biggest year of strikes in a generation. has the cost of living crisis changed uk labour relations forever? plus, inflation or greedflation ? the boss of supermarket giant sainsbury s says they re not profiteering from soaring food prices, but battling to keep costs down.
central bank rather than holding it in the big global liquid centres for gold trading such as london or new york or zurich. that doesn t speak to a loss of trust across financial institutions globally and political stress about, well, if you look at us sanctions against russia, gold obviously sits outside of the dollar exchange system so you are not at the mercy of us sanctions if your central bank is holding gold. your central bank is holding old. ~ . your central bank is holding iold ., ., , , your central bank is holding old. . , ., ., gold. what does this mean for other asset gold. what does this mean for other asset classes, gold. what does this mean for other asset classes, including | other asset classes, including cash, for example? what does it mean with the rate of inflation? mean with the rate of inflation? certainly the inflation inflation? certainly the inflation rise inflation? certainly the inflation rise over i inflation? certainly the inflation rise over the
by reuters found it refused to answer a wide range of questions on politics. ford says it has done a deal with with tesla to allow its electric vehicle owners to access more than 12,000 tesla superchargers in north america in early 202a. the tie up between the rivals makes ford the first major car maker to embrace tesla s proprietary charging standard giving it access to the biggest network of high speed chargers in the us. coming up are supermarkets using inflation as cover to hike prices? the boss of sainsbury s will be answering accusations of greedflation . around the world and across the uk, this is bbc news. the brownlee name has long been associated with athletic excellence brothers johnny and alistair dominated the sport for years, memorably crossing the line