Page 5 - Susannah Streeter News Today

hello there. we start with the cost of living. we are expecting to hear in the next few hours what the uk government plans to do to help consumers with soaring energy bills. they could see hundreds of pounds knocked off bills this winter, as part of a package of support worth at least £10 billion, largely funded by a one—off windfall tax on energy companies. annual household energy bills here in the ukjumped by an average of £700 in april when the uk regulator ofgem raised the cap ...

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. Egypts 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...

1a years ago, the Us Government approved the merger with ticketmaster. Since then, live nation has grown into a powerhouse, but the government is sueing and calling it a monopoly to squash competition. In a press conference on thursday, the attorney general Marek Garland pointed to the exorbitant fees and technological failures that have angered concert goers and artists and cold the companys conduct anti competitive and illegal saying it is time to break it up. Metres of ubiquitous and the Live...

Is planning to buy some of those apartments, relax the rules on Mortgage Borrowing and step in to put the finishing touches on unfinished units. Separately, one of those big developers, Country Garden holdings, was today given another four weeks by the high court in hong kong to sort out its 190 billion of debts before hearing a petition from debtors to wind the company up. Duncan wrigley, Chief China Economist at Pantheon Macroeconomics joins us. What do you make of what weve heard today . Is i...

As soon as possible. On wednesday, us President Joe Biden and egyptian president Abdel Fattah Al sisi agreed to open up the Rafah Crossing, to allow up to 20 trucks of aid into gaza. But President Biden has warned the shipment is not likely to cross until friday, because repairs to the road are needed. Of course, our website has a live page updating all the time if you wish to give across that news. Now on to business and we start with netflix its shares have been surging, after the Streaming Gi...

We start in the us, where shares of meta, hello. If you are justjoining us, you are in time with the top business stories. We start in the us, where shares of meta, the owner of facebook, instagram and whatsapp plunged in after hours trading after its forecasts disappointed wall street. Investors are concerned the huge amount meta is spending on Artificial Intelligence may not translate into higher profits. Lets show you the details. When it comes to how much money meta is making, profits came i...

wind and solar energy. before we get to those business stories, reminding of our breaking news. a temporary truce between israel and amassing gaza, thats lasted for seven days, has now expired. it ended at seven, local time, five oclock here in london. israels military says it has resumed combat against i maths in the gaza strip and has accused the palestinian group of violating the terms of the truce and firing towards israeli territory. these are life pictures taken from gaza into so...

hello, if you havejustjoined us, you are very welcome. lets crack on with the top business stories. we start in san francisco — where, as you have been hearing, president biden has hailed "real progress" following four hours of talks with chinas president xi — on the sidelines of the apec summit. they agreed to reopen communications between the military on both sides — and work together to stem the flow of the opioid drug fentanyl into the us. but there was no concession from the...

"one of the biggest financial frauds in american history" — thats how a new york prosecutor described the actions of sam bankman—fried, the former cryptocurrency boss, who, in the last few hours, has been convicted of defrauding investors. as youve been hearing, mr bankman—fried was arrested a year ago, when his cryptocurrency exchange, ftx, and his investment fund, alameda research, went bankrupt. prosecutors said he had used money stolen from ftx customers to prop up alameda an...

live now to professor tim benton, research director, environment and society centre. thank you very much forjoining us today, tim. lots of things of course influence the price we end up paying for ourfood, things like transport, wages and supermarkets. are the increases that we are seeing in the costs of food commodities being passed on to consumers in foal, orare being passed on to consumers in foal, or are they being absorbed, at least in some parts, in the supply chain? to a parts, ...