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this latest ceasefire $245 million in aid to help support people fleeing the violence. i'm ben thompson. let's start in the uk where the cost of living crisis is showing some tentative signs that it is starting to ease — slightly. the latest rate of inflation for the month of april has fallen to 8.7% now that's still very high and above the 8.2% rate that many economists forecast, but still a significant drop compared to the over 10.1% rate we saw last month. double digit inflation that had been in place since august last year — all well above the bank of england 2% target — hi...

memory chip—maker micron. it accuses the manufacturer of failing its network security review and therefore poses a serious security risk. china launched a review into micron�*s products in march — this is the first big measure against a us semiconductor group. this follows similar moves in washington last year when it introduced chip export controls on china in october — the netherlands and japan have since followed. let's go to our asia business hub for the details on this — katie silverjoins me now. tell us more about china's decision. tell us more about china's decision-...

the republicans have been unwilling to budge on. and time is ticking. janet yellen has estimated the government could run out of money to pay its bills as soon as next month. it's congress's job to do this. if they fail to do it, we will have an economic and financial catastrophe that will be of our own making. there is no action that's evident biden and the us treasury can take to prevent that catastrophe. fin treasury can take to prevent that catastrophe. on tuesday, president joe _ that catastrophe. on tuesday, president joe biden _ that catastrophe. on tuesday, president joe bid...

welcome to world business report, i'm ben thompson. we start in the us where the white house has denied starting a subsidy war following criticism of its massive support for green investments. president biden�*s administration is spending billions to help electric car firms, chip makers and the green energy industry with loans and tax breaks. one uk manufacturer has told the bbc it's worried britain can't "compete on a level playing field" and warns that companies are considering moving their investment to the united states. our economics editor faisal islam reports. british indust...

and cloud computing giant ——it continues a trend in big tech set out this week by the likes of meta, microsoft and alphabet whose latest results show that they're all doing surprising well. this has lifted markets across the board. lisa -- lisa —— we saw similar on wall street. here's the bbc�*s samira hussain. over the last year, amazon has been aggressively cutting costs to help boost profitability. it's laid off 18,000 people and is currently about to eliminate another 9000 jobs. is currently about to eliminate another 9000jobs. it is currently about to eliminate another...