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interest rates have gone up by three quarters of a percentage point, the biggest increase for more than 30 years. it pushes the base rate up to 3%, as the bank of england tries to control inflation. it's the eighth rise in a row, meaning higher mortgage bills for many homeowners. meanwhile the bank has also warned the uk could be on course for its longest recession since reliable records began, over a century ago. our economics correspondent, andy verity, reports. it is the biggest interest rate rise in a third of a century. the cost of living has been rising at its fastest rate for ...

us financal watchdogs target two more big names, the exchange genesis, and the crypto lender gemini. plus, pack your bags, travel is back. but where are people going? we'll hear from the boss of hotel booking site trivago. we start here in the uk, where we could get confirmation, in the next hour or so, that the economy is heading into recession. figures for november are expected to show a fall in britain's gdp, gross domestic product or economic output, after growth ofjust 0.5% in october. we already know the uk economy shrank in the three months to september, two quarters in a row ...

t-15. ten, nine, eight, seven, six, five, four, three, two, one, ignition. engines full power, and lift o off. >> to one alpha. >> copy one alpha. >> pitching down range. >> stage one propulsion is nominal. nominal power and telemetry. stage one throttle down. supersonic. [engine worrying] execute. stage one throttle up. >> stage one bravo. >> copy. 1 bravo. >> impact shield has started. >> kayleigh: ambassador haley, this is really incredible to watch, i will never forget to traveling with president trump to cape canaveral, to see the first launch of americans into space nearly a de...

good morning everyone. i'm bianna golodryga. this just in to cnn, concerning data as the u.s. looks to combat rising inflation. consumer prices rising 4% since september, 8.2 september year over year, higher than experted predicted. cnn business correspondent christine romans joins me to walk through the numbers. these are figures every american feels every time they go to the grocery store or the gas station. why does it remain so stubbornly high? >> that's the big question. the fed has been raising interest rates for months and these numbers are still near 40-year highs. when you d...