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that's the message sent by the european central bank as it ploughs ahead with plans to raise rates, despite sluggish growth in the eurozone, and turmoil in the banking sector. the ecb's main interest rate was hiked by 50 basis points to 3.5% — as it tries to keep a lid on rising prices. but the language from policymakers has begun to strike a new note, dropping a reference, used in previous statements, to the need to raise rates significantly going forward. agnese ortolani is a europe analyst at the economist intelligence unit. so, we have had this rate rise within the last hour. g...

work and to help people stay in the work. we saw things like money for a digital service to help people reflect on their careers and finances, with some money for careers in extra training places, and most substantially, i think, we have seen a big investment and support for people who are disabled are out of work for a long—term health condition want to go back again in a sustainable way. that investment has come alongside some changes in the benefit system, which are rightly controversial and need to be looked at, but they do have the potential to make a really big difference to ...

a far cry from the 9% we saw in june but there are warnings of a possible recession or the pipelines our business reporter katie silva has been looking into the details of the story for us. it is always great to see you on asia business report at the seems like relatively good doesn't it? fit at the seems like relatively good doesn't it? of course. as we mentioned _ good doesn't it? of course. as i we mentioned a huge drop since lastjune. 5% inflation down from 6%, its well and truly been welcomed in high quarters, president biden saying it gives american families some breathing roo...

of a possible recession in the pipelines. our business reporter katie silva who has been looking into the details of the story for us, joins me now on the program. katie, it is always great to see you on asia business report and this seems like relatively good, doesn't it? it does. it has been welcomed in high quarters. president biden, for example, saying that it gives american families some breathing room and particularly pointing to the fact that we've seen the greatest reduction in the costs of gas as well as food and grocery expenses — things that are very important to america...

let's start with oil, because at the weekend, the secretary general of the organization of petroleum exporting countries, haitham al ghais, said he expects global oil demand to exceed pre—pandemic levels this year. so what does this mean for the oil industry? joining me now is russ mould, investment director at aj bell. does this mean we are going to hit $100 per barrel again in 2023? , ., , hit $100 per barrel again in 2023? ., �*, ., hit $100 per barrel again in 2023? a, a a, 2023? gosh, that's a tricky question — 2023? gosh, that's a tricky question for _ 2023? gosh, that's ...