Will be talking about oil prices today. They have reached their highest level in almost a year, approaching 95 a barrel for the First Time Since august 2022. Production cuts by russia and saudi arabia are partly to blame. And reserves at an important Storage Facility in the us hit their lowest levels in july last year. Facility in the us hit their lowest levels injuly last year. The price of oil is a factor in the rise in inflation which has been a driving of the cost of living crisis Around The World and the price could go above 100 a barrel again soon. I asked and above 100 a barrel again soon. I asked an ,. Above 100 a barrel again soon. I asked an ~. ,. , above 100 a barrel again soon. I asked an. �. ,. Above 100 a barrel again soon. I asked an �. ,. Asked and saudi arabia were so much ca aci asked and saudi arabia were so much capacity could asked and saudi arabia were so much capacity could loosen asked and saudi arabia were so much capacity could loosen its asked and saudi arabia were so much capacity could loosen its production l capacity could loosen its Production Controls and offer a little bit more to the market. The last thing that saudi arabia and russia want to do a spiral of the World Economy into a recession which will damage their demand in the first place so this 90 is roughly at this which i think for both of those countries, especially saudi arabia, because what they care about is a fiscal break even, the price that oil should be for this government to be able to meet all of its expenditures, all of its social expenditures, all of its social expenditures, so keeping that level is where they want to keep it. Briefly if you can, where does that leave us in the battle against inflation if oil is going up again . Inflation had nicely cooled for a while and was playing into the central bank playbook practice threatens that once again. This could be seen as a transitory thing, a small, temporary movement and therefore it can ignore it or will they have to act on the back of it . I personally think Central Banks will keep Interest Rates at a higher level for a longerjust to mitigate some of these risks, we dont necessarily need to increase Interest Rates that much more and were trying to communicate the fact thatis were trying to communicate the fact that is Spare Capacity out there that is Spare Capacity out there that could be utilised and therefore bring prices a bit lower, in due course. , ~ bring prices a bit lower, in due course. , ~ , bring prices a bit lower, in due course. , ~ i. , bring prices a bit lower, in due course. , ~. ,. , bring prices a bit lower, in due course. ~ i. ,. , course. Thank you for oining us. Industrial action course. Thank you for oining us. Industrial action has course. Thank you forjoining us. Industrial action has been course. Thank you forjoining us. I Industrial Action has been garnering attention on multiple fronts in the united states. Autoworkers had an unlikely supporter yesterday when joe biden visited the picket line. Those strikes look set to expand on friday with at least one other sector preparing to walk out. 0ur north America Business correspondent, erin delmore is in new york. Strike what more can you tell us about this industrial strife . Mast about this industrial strife . Most eo le about this industrial strife . Most peeple think about this industrial strife . Most peeple think of about this industrial strife . Iuiirrst people think of nevada about this industrial strife . What people think of nevada and las vegas and they think of the hotels and casinos that light up this trip. Now we are focusing on the Hospitality Workers that power that area threatening to strike, 95 of their many colony Workers Union voted to authorise a potential strike. Now, there was no debt seat for a walk out yet and in fact negotiations are ongoing, but these are the bartenders, food service, house servers, security and Hotel Personnel who work in these casinos and hotels any potential strike could impact around three dozen hotels and casinos in that area. We have been following so Many American strikes, following the hollywood scriptwriters to the car workers. The hollywood script writers largely resolve now backpack Car Factory Dispute could be about to escalate. What more can you tell us . Moving in o osite what more can you tell us . Moving in opposite directions what more can you tell us . Moving in opposite directions as what more can you tell us . Moving in opposite directions as you what more can you tell us . Moving in opposite directions as you say what more can you tell us . Moving in opposite directions as you say with i opposite directions as you say with the hollywood writers, we saw them get some major wins with the studios including better residual payments for shows that you build Swimming Networks and protections and regulations around the use of ai in their line of work. But that is not over yet because the studio still have to negotiate with the actors who joined the writers and write a couple of months ago. Those talks will resume with studio executive heads, and when we look at the autoworkers, friday marks deadline day for Union President sean fay, due to make an announcement via video tomorrow, 2a as from now, talking about whether talks have achieved significant progress and if so then we expect to see Less Movement from the union but if not, which is the expectation, then the union could and would announce strikes in more locations. Union could and would announce strikes in more locations. From new york, strikes in more locations. From new york. Thank strikes in more locations. From new york. Thank you strikes in more locations. From new york, thank you very strikes in more locations. From new york, thank you very much strikes in more locations. From new york, thank you very much for york, thank you very much for joining us. Shares in the crisis hit chinese Property Giant Evergrande have been suspended in hong kong amid reports its chairman has been placed under Police Surveillance. Earlier this week there were other unconfirmed reports in china that several top current and former executives had also been detained. 0ur Asia Business reporter nick marsh has more. We cannot confirm those reports of Police Surveillance shares in evergrande have been suspended, like you say. Their shares are practically worthless enemy but it gives you an idea of the situation that everyone finds itself in. It is not even the first time shares have been suspended. It was an 18 month ban in trading lifted about a month ago. That didnt last long. There was no reason given by evergrande, but in any case they are in a very bad situation, they are chinas is heavily indebted property developer. They have about 300 billion worth of liabilities, most of which is actually out to ordinary chinese home buyers, but it is they are creditors abroad that could be the sticking point. There is a winding up sticking point. There is a winding up hearing in hong kong at the end of the month and if there is no repayment plan, there is a threat of liquidation. The Budget Airline ryanair is making cuts to its winter schedule, blaming delays in the delivery of new boeing aircraft. It had expected to receive 27 new planes from boeing between september and december but only 1a are now coming. Despite this, europes most used airline does not expect any change in passenger numbers this year. A the European Commission has warned that non chinese carmakers could be included in a brussels investigation into whether chinese subsidies for electric cars are distorting global markets. Chinese bmw and tesla, both of whom have factories in china, are among those who could be affected. A senior ec official told the Broadcaster Cnbc that brussels is discussing the scope of the investigation with china. Europe is concerned that the subsidies could lead to a near doubling of chinese built cars being sold in europe by 2025. Ijy by 2025 signed a deal shares in the troubled Fitness Tech Firm Peloton has surged after it signed a Partnership Deal with the clothes brand lululemon. It means that Peleton Content will be featured on lululemons own app and the Athleisure Brand will become the main maker of peloton branded clothing. Peleton has been seeking new ways to make money after sales of its at Home Fitness Equipment fell sharply after covid era lockdowns came to an end. In the uk house sellers are discounting their asking prices to get their homes off their market. The Property Listings website zoopla reports that prices are being discounted by an average of 4. 2 , equivalent to £12,000. Whys that happening. Heres zooplas research boss, richard donnell. The Housing Market has slowed over the Housing Market has slowed over the course of this year and over the summer as Mortgage Rates went up to 5 , more than double what they were a couple of years ago so that has hit buying power, so buyers cannot pay as much as they used two properties, and that means that sellers who want to sell have got to be more realistic on the price. We are seeing sellers reducing asking prices, but buyers still wanting to negotiate. They are very picky and choosy, and so on average sellers are having to forgo a 4 of the value of their property or £12,500 to achieve a sale. To achieve a sale. That is your business to achieve a sale. That is your business update, to achieve a sale. That is your business update, around to achieve a sale. That is your business update, around the l to achieve a sale. That is your business update, Around The World and across the uk, this is bbc news. Bbc news bringing you different stories from across the uk. That brou. Ht a stories from across the uk. That brought a smile stories from across the uk. That brought a smile to stories from across the uk. That brought a smile to her stories from across the uk. T� isgt brought a smile to her face. Stories from across the uk. That brought a smile to her face. Fantasy world set in brought a smile to her face. Fantasy world set in the brought a smile to her face. Fantasy world set in the fictional brought a smile to her face. Fantasy world set in the fictional planet world set in the fictional planet tells the story of inhabitants longed to possess superpowers. Written by birmingham based author sandra carter, pupils are enjoying an insight into herjourney as a writer. An insight into her ourney as a writer. ,. ,. ,. , writer. She would describe what the streets alike. Writer. She would describe what the streets alike, the writer. She would describe what the streets alike, the sights writer. She would describe what the streets alike, the sights and streets alike, the sights and smells, it is important to create that imagery in the story. I remember that she used like a melody or something. I find that it is very provocative or something. I find that it is very provocative. | or something. I find that it is very provocative provocative. I felt like i was there in the moment provocative. I felt like i was there in the moment with provocative. I felt like i was there in the moment with the provocative. I felt like i was there i in the moment with the characters. Look in the moment with the characters. Look at in the moment with the characters. Look at the in the moment with the characters. Look at the event in the moment with the characters. Look at the event is in the moment with the characters. Look at the event is one of in the moment with the characters. Look at the event is one of many i look at the event is one of many taking look at the event is one of many taking place look at the event is one of many taking place at look at the event is one of many taking place at the look at the event is one of many taking place at the black look at the event is one of many taking place at the black book. Taking place at The Black Book Festival taking place at The Black Book Festival to taking place at The Black Book Festival to raise taking place at The Black Book Festival to raise awareness i taking place at The Black Book Festival to raise awareness of| festival to raise awareness of diverse festival to raise awareness of diverse authors, festival to raise awareness of diverse authors, to festival to raise awareness of diverse authors, to make festival to raise awareness of. Diverse authors, to make books accessible diverse authors, to make books accessible to diverse authors, to make books accessible to all. Diverse authors, to make books accessible to all. For diverse authors, to make books accessible to all. Diverse authors, to make books accessible to all. For more stories from across accessible to all. For more stories from across the accessible to all. For more stories from across the uk, accessible to all. For more stories from across the uk, head accessible to all. For more stories from across the uk, head to accessible to all. For more stories from across the uk, head to the i accessible to all. For more stories i from across the uk, head to the bbc news website. You are watching bbc news. This is verified live. A quick update on the story we are following from rotterdam. We are hearing from dutch police that they have arrested a gunman suspected of wounding multiple people in two separate incidents across rotterdam. A local media report that the shooter first opened fire on a home injuring just like people and set the house alight. Police say the suspects made their way to a local hospital where they shot a third victim. Armed police teams entered the Erasmus Medical Centre after ordering the evacuation of the building. The hospitals Education Centre is ablaze. The condition of the victims for now is unknown. But we have heard just one update from reuters reporting that dutch police are confirming that those shootings have caused multiple deaths. We dont have an exact number yet. But confirmation that there are multiple deaths in that incident. We will bring you more as we get it. Moving on to the actor, Sir Michael Gambon, who has died peacefully in hospital at the age of 82. Sir michael, who won four tv baftas, worked across tv, film, radio and theatre in a career spanning five decades. In recent years he played Albus Dumbledore in six of the harry potter films. Live now to film critic Jason Solomons who joins us from north london. Five decades is a long career. And there really is a lot to celebrate about this. There really is a lot to celebrate about this there really is a lot to celebrate about this. ,. ,. , about this. Five decades, you are riaht but about this. Five decades, you are right but it about this. Five decades, you are right but it is about this. Five decades, you are right but it is the about this. Five decades, you are right but it is the breadth about this. Five decades, you are right but it is the breadth of about this. Five decades, you are right but it is the breadth of that| right but it is the breadth of that career, the classical roles, to the voice roles in paddington, the role in harry potter as dumbledore, and the beginnings of the great modern acting tradition enforced with Laurence Olivier and john gielgud On The Boards of the west end and the Early National theatre. He a titan the british stage and screen that we have lost. We celebrate him today because the performances that he made are somewhat indelible. Anyone who has seen him live in the theatre will be marked for ever by the enormity of the performance. I myself remember seeing him in a view from the bridge, the Arthur Miller play, he won an 0livier award for that. His performance in that blew me away. I thought about acting and this enormous, i had a cheap seat right on the gods and i could see right on the gods and i could see right down into his eye and he looked at me at one stage, and he has been doing ever since on screen, i see that twinkle in his eye whether he is a gangster or a Twinkly Headmaster of hogwarts. Like a man how will he be remembered in Acting Circles . He was known as the great gambon . He could be, he was joked about being quite a hammy actor but he was an actor of the old school, schooled under Laurence Olivier so he could do these 0livier so he could do these enormous experient performances and when it got to the small screen, when it got to the small screen, when he was in the singing detective, 0r he was in maigret, he could be contained, 0r he could be awful, and he was a superb Gangster Injames bond 0pposite daniel craig who could channel threat even as he sat 0n who could channel threat even as he sat on a hot tub. He was a very capable actor who i think its a real star, because he was always michael gambon, always the great gambon, whether playing 0ne michael gambon,