and us regulators were informed of and us regulators were informed of an international stately drive to manipulate interest rates in the 2008 financial crisis but they cover it up. this morning the times newspaper on the bbc have published quotes from a secretive interview with barclays treasurer who gave evidence. artificially push down benchmark interest rates. that evidence was withheld from parliament and from jurors in the criminal trials of traders for manipulating interest rates. regulators, though, say they have met their disclosure obligations. what is going on, economics correspondent andy verity led the investigation and told me about the significance of holding them at lowering those rates. when you hear about interest rates whether on your mortgage or your personal loan actually they are not based on those central bank interest rate that is business hacks obsess about. they are actually based on how much it cost banks to borrow cash and international money market
as it continues to benefit from pent up demand for air travel. europe s largest carrier by passenger numbers also said it expects profits to rise modestly over the next year, and the summer travel season will be busy. the figures are better than industry watchers had expected. we knew they were going to be good but to record these numbers is exceptional so nearly 170 million passengers, that s up 74% on the previous year s. revenue has more than doubled, profit is 1.4 billion, and they re going to pay dividend this year. it s a phenomenal result and shows how quickly this market is turned around. it also shows how fragile the market is for aviation. there is a point where it suddenly flips you become very profitable, ryanair have put in a great set of results that even before the summer, which will be very strong. cheap airfares are a myth and anybody looking for summer holidays will tell you airfares are expensive, particularly in europe because we have not seen a lot of cap
of the government s plans. hundreds of thousands of workers go on strike in uk today more could be the biggest walk of industrial action since last year. a state of emergency has been declared in malawi with more than 200 people now confirmed dead after storm freddy hit southern africa for the second time in a month. and a small number of wolves have started to settle in belgium, for the first time in more than 100 years, as numbers increase across europe. hello and welcome to bbc news. let s begin today with the latest from pakistan, where the police appear to have stopped the operation to arrest the former prime minister imran khan. it appears to be due to a cricket match taking place. they say they will resume trying to arrest him afterwards. unrest continued in lahore through the night as imran khan s supporters clashed with security forces after police made another attempt to arrest him on a court order. he has accused the authorities there of acting outside the law in t
three british men accused of being mercenaries in ukraine are expected to stand trial in a russian proxy court. nurseries in england are shutting at short notice due to financial pressures and staff shortages, according to industry body the early years alliance. researchers at the university of cambridge say they ve successfully altered the blood type of three donor kidneys, which could give more hope to people waiting for a transplant. and a sad end to the story of freya the walrus who became a tourist sensation in norway as she is put down. good morning. the labour leader sir keir starmer has set out how he would fund his party s plan to freeze the energy price cap for six months, and stop household gas and electricity bills rising over the winter in england, scotland and wales. the energy price cap the maximum amount suppliers can charge for average use is forecast to hit more than £3,500 in october and more than £4,200 injanuary. labour said it would freeze the pr
was found guilty of fraud and money laundering last month. also in november, the ceo of binance, the world s largest cryptocurrency exchange, pleaded guilty to anti money laundering and us sanctions violations. he paid a $50 million fine and the company paid a $4.3 billion fine. but bitcoin, it seems, is no worse for the wear. the price climbed above $44,000 tuesday and shares of coinbase global, the largest us crypto exchange, were up as well. bitcoin miners traded higher too. here s some of the wind in their sails. us regulators are expected to approve an exchange traded fund that directly holds bitcoin. it could happen as early as next month and traders are betting on it. data out overnight said higher interest rates are causing businesses to cut costs including recruiting new workers. we re nearly half way in to this year s round of climate talks known as cop28 and there seems to have been progress on some deals already. under one agreement, 110 governments have commi