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and collaring the hound pound . why going dog friendly could unleash a $50 billion market for the travel industry. hello, i m sally bundock. let s get on with the business stories. we start here in the uk, where the ftse 100 index of leading shares had its worst day since last summer on concerns interest rates may have to stay higher for longer. that s after the rate of inflation unexpectedly went up in decemberfor the first time in almost a year, despite expectations of a fall. the consumer price index showed prices rising at an annual rate of 4% last month, up from 3.9% in november. the bank of england has pushed the cost of borrowing to a 15 year high to try and rein in rising prices. but as our chief economics correspondent dharshini david reports, while bets on early rate cuts are now being scaled back, there could still be relief for borrowers later in the year. music plays. indulge in a theatre trip or even a gig in december. higher ticket prices, rising drinkers, ora ....
thriving in one of the world s toughest environments, we meet the greenland communities on the frontline of climate change. a lot of places in greenland have a record and rain. nowadays, we never know how the weather is going to be. bother! i do hate shoddy work. and dame angela lansbury, one of the stars of hollywood s golden age, has died at the age of 96. welcome to the programme. we will begin welcome to the programme. we will begin with what is going on on will begin with what is going on on financial markets. the pound has fallen sharply after the head of the bank of england announced an end to its emergency interventions in to the pension industry. the bed was made to support the pension the bed was made to support the pension industry. the bank had been buying government bonds to help stabilise the market, but andrew bailey says the support will stop on friday, despite calls to extend it. our economics editor faisal islam reports. the problems in uk financia ....
yes, indeed, the thought of a chip implant may send a shiver down your spine, that comes later but we begin with the latest warning from the international monetary fund. it has slashed its forecast for the global economy, saying it will grow by only 2.7% next year, with many countries in recession. in its six month update, the imf said the worst was yet to come. this forecast comes as the fund and internationalfinance ministers meet in washington. our north america business correspondent michelle fleury has more from the us capital. the international monetary fund had bad news forjust about everyone. according to its latest forecast, a third of countries will be in recession next year. and whatever growth the others have, it will be far less than they had hoped for. on top of that, the fund s less than they had hoped for. on top of that, the funds to balcomba speaking to the bbc insisted central banks must continue to raise interest rates to fight inflation. if central ....
this is the business stories from around the world, and i will try and pronounce that correctly in a let s start with a stark warning from the governor of the bank of england. andrew bailey has warned the uk and many other countries are facing apocalyptic food prices, due to supply problems caused by the war in ukraine. bailey warned inflation could hit 10% by the autumn, well above the central bank s 2% target. uk inflation is currently at 7%, which is its highest level in 30 years. another sign of the rising cost of living was shown at petrol pumps yesterday, with one litre of diesel costing £1.80, which is a record high. joining me now is swetha ramachandran, an investment manager at gam investments. thank you for being with us, we know that rising prices are a huge problem, but it really did underlinejust how bad huge problem, but it really did underline just how bad this could get without warning from the bank of england just yesterday. yes, indeed, and there are ....
one of the biggest financial frauds in american history that s how a new york prosecutor described the actions of sam bankman fried, the former cryptocurrency boss, who, in the last few hours, has been convicted of defrauding investors. as you ve been hearing, mr bankman fried was arrested a year ago, when his cryptocurrency exchange, ftx, and his investment fund, alameda research, went bankrupt. prosecutors said he had used money stolen from ftx customers to prop up alameda and to fund his lavish lifestyle. after a month long trial, a jury agreed. late on thursday, they found him guilty of all seven counts of fraud and conspiracy. as the bbc s erin delmore explains, the collapse of ftx and the crimes of bankman fried are posing all kinds of uncomfortable questions for the crypto industry. after more than four weeks in court, thenjust four and after more than four weeks in court, then just four and a half hours of deliberations, a jury half hours of deliberations, a ....