as president putin begins drafting new troops in the fight in ukraine. some flights out of russia have sold out. also in the programme. the bank of england raises interest rates to their highest level for m years it warns the uk may already been in recession. and a fracking ban in england is lifted in a bid to increase energy production but critics say the move could harm the environment and trigger earthquakes. the us secretary of state has said russia s president, vladimir putin, can t get away with shredding international order over his invasion of ukraine. he was speaking at a special meeting of the united nations security council. here s what else he had to say. even the number of nations that maintain close ties with moscow have said publicly that they have serious questions and concerns about president putin s ongoing invasion. rather than change course, however, president putin has doubled down, choosing not to end the war but to expand it. that expansion he was
Could be under threat. Let us know, do you buy fair trade goods to do good or really just to feel good . Just use the hashtag bbcbizlive. Hello and welcome to Business Live. The Japanese Company behind the biggest recall in Car Making History has filed for bankruptcy. Takatas airbags were first found to be faulty in 200a. They were used by 13 of the worlds biggest car makers who have all agreed to Bankruptcy Proceedings in courts in both tokyo and the us. This ceo ta kata this ceo takata said this morning he would step down. Worldwide more than 100 million takata airbags, which can rupture with deadly force and spray shrapnel at passengers, have been recalled. The faulty airbags have been linked to at least 17 deaths and more than 100 injuries worldwide. Its all been an expensive saga. 9 billion is the estimated cost according to japans nikkei newspaper. The firm key Safety Systems has now bought all of takatas assets except those relating to the faulty airbags for almost 1. 6 billion.
the fissures open, the technology of this keeps advancing. the results, well, with the rock broken up, the gases released and flushed all the way back up here to the surface. lifting the ban means applications for new shale gas drilling can now be made by exploration and production companies. fracking in the uk has been a controversial subject because of its association with minor earthquakes. the ban was put in place in 2019 after oil and gas exploration company cuadrilla s fracking site in lancashire, recorded more than 120 tremors although most were too small to be felt. the shadow energy secretary s responded to mr rees mogg s announcement. the 2019 manifesto on which he and every member of the party opposite stood said this, mr speaker, we will not support fracking unless the science shows categorically that it can be done safely. they are lifting the ban, but they can t supply the evidence. it comes as the british geological survey published a new scientific review into frack
morning. shale gas drilling is economic game changer for town and vil lanels in the rural pennsylvania that otherwise might have fallen on hard times. while the shale continues northward, underground the economic boom stops right here. new york state officials have been bringing their hands over whether to wringing their hands whether to lift moratorium over part of the southern tier to drilling. a lot of the land has leases already. county executive says it s a no-brainer. he is in elmira where unemployment is 9.3% a the economic indicators in the red. i will tell you, we will put people to work and lower unemployment rate an people will be happier than they are now. in nearby bingingham hit by hard times, matt ryan, former environmental lawyer wants no part of the fracking boom until it s proven environmentally sound. i don t think just because a few people make mup off of this go down a road we can t
good seeing you again. thank you. what the frack? in your state putting fracking back on the back burner. maybe it should look to pennsylvania. john roberts with this tale of two states. john, what s going on? well, it could be all about politics. you have a governor in new york state who might run for president and environment lobby threatening war if he does allow shale gas drilling. we report, you decide. the big losers this could be the thousands of new yorkers who could benefit from the economic benefits of fracking. look at bradford county, pennsylvania. 1200 wells have been fracked. the county seat is still a boom town and retired a $5 million debt, lowered property tax by of%. unemployment is up because of a slow down in drilling but 2 points less than he will meyer i