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the value of the pound has dropped again today by nearly a percent against the dollar as investors digest the warning from the international monetary fund about the uk government's fiscal plans. the imf has openly criticised the plan for widespread tax cuts, warning the measures are likely to fuel the cost—of—living crisis and increase inequality. here's michelle fleury with more details in new york. one of the roles of the international monetary fund is to act as an early economic warning system, and it has just sounded the alarm over the uk's new tax and spending plans. in a st...

hello and welcome to bbc news. millions of people in the us and canada are spending christmas in the grip of a severe winter storm. it's brought extreme frost, heavy snow and strong winds. at least 35 people have died in weather related incidents and around 175,000 homes are without power. 0ur north america correspondent, nomia iqbal, reports. a very white christmas has turned more into a deep freeze. the city of buffalo in new york state is used to tough weather conditions, but this storm has left it paralysed. many don't even have any power to cook their christmas lunch. i'm really...

more now on the day ahead in the uk, and we could know as early as this afternoon who the next leader of the conservative party is and therefore our prime minister. as you've been hearing, borisjohnson has pulled out of the contest, saying the time isn't right and would not lead to much needed party unity. this leaves two contenders — former chancellor rishi sunak and the leader of the house of commons, penny mordaunt, with mr sunak currently the front runner. by 2pm this afternoon if penny mordaunt hasn't got 100 backers or more, then rishi sunak is in post. if both candidates are...

we start here in the uk — where a final battle to become the next prime minister is taking place as the country faces the worst cost of living crisis in a generation. as you've been hearing, formerfinance minister, rishi sunak, and the foreign secretary, liz truss are the last remaining candidates. they will now face a vote by conservative party members around the uk — with a result expected in september. whoever wins could mean a very different approach to the economy. truss says "you cannot tax your way to growth" — she is proposing more than 30 million pounds in immediate ta...

Thats when the olympics and paralympics finish. Translator i want you to give me some time, but i dont intend to stay on as governor forever. Tokyo will host the next summer games in 2020. As governor, masuzoe is expected to go to rio for a flag handover. The liberal democratic property and komeito hold 60 of the seats. They both recommended him for the post. Now they say he has no choice but to resign. Translator we are fully aware that tokyo residents not convinced by the governors account at the assembly. Translator komeito legislators at the assembly have made up their mind to urge the gov...