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hearing from tata steel, which owns the steelworks in october, it is bad news for the thousands of people who work at that steel facility. we have just been told that tata steel plans to close both remaining blast furnaces at the steelworks and that could come at the cost of 3000 jobs. clearly something which will devastate the local community. stay with us on bbc news for more updates on that story. tata steel says they will close the remaining port talbot blast furnaces at the steelworks with potential loss of up to 3000 jobs. news coming to us from bbc sources, ratherthan jobs. ne...

hovering around 2%. right now, it sits somewhere around 4%. that's certainly better than where it was last year. somewhere above 8.5%. but it is still not good enough. and it's why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may, the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expens...

— because the boss of us chip giant intel has warned of a "turbulent world" this year. pat gelsinger has been speaking to our economics editor faisal islam at the world economic forum in davos. he said the current disruption to red sea shipping is another reason they were right to invest billions building factories in the us and europe — rather than relying on asia. it's going to be a turbulent world, right? and obviously ukraine is still active, the israel situation, maybe broader implications in the middle east, obviously us—china tensions. you know, it's a turbulent world in...

in the post office horizon it scandal, which saw hundreds of sub—postmasters falsely accused of theft and fraud. it is the first time a senior representative from the japanese firm will be directly questioned — at both the horizon inquiry and by a committee of mps in parliament. business correspondent emma simpson has the details. i was given a nine—month custodial sentence. i was suspended in 2009, convicted in 2010. until my conviction . was quashed in 2001, my life was left in tatters, - and my customers and villagers thought i was a fraud. just some of the stories from the ...

's face for hello, everyone this is the ninth i am here with michael hooks emily compagno ann cohosts of the bottom line, dagen mcdowell, founder of polaris national security and form a pennsylvania congressman there he is, 32nd undersecretary of the army, patrick murphy. it is friday everyone. we are just 72 hours away from the first presidential contest in the country, of course i mean the iowa caucuses. thousands of voters are going to go into the cold temperature for their favorite presidential hopefuls. monday, it could be the coldest day on record for the caucus. subzero temper...