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facing a flood of cheap chinese cars, europe s expected to raise tariffs on electric vehicles today. apple investors push its value up to record highs following its foray into the world of ai. we ll look ahead to the uk s latest economic data as april s gdp data is released. will it spur a bank of england rate cut? plus, supplies are squeezed for the makers of orange juice with prices going up due to extreme weather and disease. welcome to business today. we start in europe, where china is accused of drawing upon surplus capacity to dump electric vehicles at artificially low prices into the european market. policymakers in europe and the united states claim hefty state subsidies in china allow ev manufacturers to produce cars at prices that are impossible to compete with. in the us the biden administration raised its tariff on imports of chinese battery powered cars from 25% to 100%. later today, the european commission is expected to provisionally raise duties on ev s ....
we have a special report on a yazidi family suing an islamic state leader s widow for abuse and sex trafficking. welcome to bbc news, broadcasting to viewers in the uk and around the world. we begin in new york, where the united nations security council has voted in favour of an american resolution calling for an immediate ceasefire by israel and hamas in gaza. 1a countries voted in favour, with russia abstaining. speaking after the vote, the us ambassador to the un, linda thomas greenfield, said the fighting could end now if hamas accepted the three phase plan. our north america correspondent nada tawfik is monitoring events for us, and sent us this update. the united states, i think, it s no surprise that this resolution, the vote, coincided with antony blinken s trip to the region. and what we heard from the united states was that this was the best possible way to secure a durable end to the war, saying that it really is a deal that was israel s initiative, it outlin ....
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Mortgage guarantee scheme was to mortgages. talk through that. i“i9 mortgage guarantee scheme was to end next summer and it offers commercial lenders the option to take out insurance to cover buyers who default on mortgages that have a very high loan to faro ratio, iea low deposit. that is supposed to make it easier for brokers to offer mortgages to first time buyers who potentially might only have a 5% deposit. that could help first time buyers, because it makes it easier to raise that deposit, but it is important to remember that those buyers are still going to have two pass the mortgage affordability checks and still have to have a sufficiently large income to take out what would be a much bigger mortgage. the people most likely to benefit from this would be buyers in their 30s from better off backgrounds and buying outside of london and the south east. let backgrounds and buying outside of london and the south-east. let me also ask you london and the south-east. let me also ask ....