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we begin in the united states where president biden hasjust wrapped up his state of the union address seen as his big pitch for a second term in office. the strength of the economy and its resilience in bouncing back from the global pandemic was front and centre in his speech. but the president said there is much to do and promised to tax the wealthy more and squeeze profits from industrys such as big pharma and oil. we are the only country who has emerged from every crisis we enter into stronger than we got into it stop and that is what we are doing again.- into it stop and that is ...

the united states where inflation remains stubbornly high. it still a problem for the world's biggest economy and that's because in the last hour or so we've had the latest number of key measure of the central banks follows closely which is the personal consumption expenditures. it excludes volatile food and energy prices. as you can see, pc came in at an annualised rate of 4.6% in march which will maintain the pressure on the fed to increase interest rates when it meets next week. let's pick up with our correspondent in new york. just give us a bit more, what does it tell us about t...

today, the business headlines will be dominated again by the huge profits made by one of the world's top oil companies. this time it's the turn of bp — its latest results are out in an hour and a half and it is expected to reveal it's made substantial sums in the last quarter. last week, shell announced it made record annual profits of nearly $40 billion in 2022, double the previous year's total and the highest in its 115—year history. energy firms have seen record earnings since oil and gas prices jumped following the invasion of ukraine. dr carole nakhle is chief executive of c...

forecast that second—quarter revenue would be above market expectations. this confirms the view that digital advertisers are betting on well—established platforms such as facebook and instagram in the face of challenging economic conditions. those concerns have led meta and other tech giants to embark on a cost—cutting campaign that has so far resulted in 150,000 lay—offs across the sector. earlier i spoke to the founder of the tech advisory firm constellation research and it told me that meta has managed told me that meta has managed to keep eyeballs on its platforms and adv...

this confirms the view that digital advertisers are betting on well—established platforms, such as facebook and instagram, in the face of challenging economic conditions. those concerns have led meta and other tech giants to embark on a cost—cutting campaign that has so far resulted in 150,000 lay—offs across the sector. earlier i spoke with ray wang, the founder of the tech advisory firm constellation research and he told me that meta has managed to keep eyeballs on its platforms and advertisers know that. yeah, they showed the digital ad winter is thawing and that is a really...