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because the eurozone's largest economy is now officially in recession. germany has had two consecutive quarters of negative growth. the country's economy contracted by 0.3% between january and march. this follows a contraction of 0.5% in the final three months of 2022. a drop in consumer spending was main cause of germany's disappointing performance in the first quarter, with household consumption falling by 1.2%, as the cost of living crisis continued to cause headaches for millions of people. joining me now is christian schulz — deputy chief european economist at citi bank. thank...

has the latest from new york. there is a roughly one in four chance that the us will hit the so—called x—date — that's when the government runs out of money to pay its bills without a deal to raise the debt limit. that is according to the banking giantjp morgan chase. and they say the odds are getting worse. that forecast comes after house speaker kevin mccarthy said on wednesday that he thought progress could be made, but warned that the two sides remain far apart. republicans are warning that any deal must cut future federal spending in exchange for raising the debt ceiling â...

reach a deal on the country's debt ceiling, with the us house speaker kevin mccarthy saying on wednesday that negotiators remain far apart. our north america business correspondent michelle fleury has the latest from new york. there is a roughly one in clutch make chance that the us will hit the so—called x—date, when the us government runs out of money to pay its bills, before the dental ministries. that is according toj.p. morgan chase. they say the other any worse. —— debt limit raises. kevin mccarthy said he thought progress could be made but warned the two sides remain f...

and the artist grayson perry. it's been a bad year for billionaires. their fortunes have gone down by more than $1 trillion. we'll look at who's become richer or poorer in 2022 and why. and brazil lights up in honour of pele on the first of three days of national mourning for the footballing legend. hello and welcome to the programme. the world health organization has called on china to share accurate data on coronavirus infections and deaths. it follows a sharp rise in cases, after beijing abandoned its zero—covid policy. on friday, the british government announced that all passen...

hello and welcome. after the opening ceremony, the games are set to begin. 16 gold medals are due to be decided on the opening day of competition at the commonwealth games in birmingham, with m sports getting under way. the first medals will be decided in the triathlon events, while the women's cricket makes its debut appearance at the event, including a mouthwatering game between india and australia. tim allman reports. there comes a moment in any sporting event where the preparations end and the competition begins. for birmingham, that moment was now. spectators queuing up outside ...