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we start with the latest market action and as the trading day began in asia the pound started to slide down nearly 5% at one point against the us dollar that s on top of the 3.6% dive on friday. investors are running for the exits as fears mount the new government s shock and awe tax plans for the uk economy are too big a gamble. on friday the chancellor, kwasi kwarteng, announced historic tax cuts, and the biggest increase in borrowing since 1972 to pay for them. there is now calls for the bank of england to take emergency action to calm rattled markets and bolster sterling. so let s look at how the pound is trading now. it has been hovering around just over $1.05 but one hour ago we were looking at the pound buying $1.03 so it has recovered a tiny bit but not much and you can see that the markets in asia are fairly mixed and we have the price of oil edging lower as well. joining me now is simon french, chief economist at panmure gordon. is at panmure gordon. thi ....
let s now get down to business and a new working week is beginning across europe but the question is have you managed to get any sleep? as you ve been hearing, much of the uk and europe is sweltering in an extreme heatwave with temperatures in the uk set to break records today at a0 degrees celsius. the met office has issued its highest warning for some parts of the country, including london, meaning there is a risk to life. so what are the rights of workers when temperatures start to soar? is there a maximum temperature for the workplace? the gmb union says workers should not have to contend with temperatures any higher than 25 degrees celsius and wants that limit to become law. anthony painter is director of policy at the chartered management institute. it s going to be a tough day ahead, many workers may have the luxury of being an air conditioned work bases but it s getting to and from work will be difficult. talk us through the situation? pm? through the situation? any m ....
Group of Seven (G7) leaders will fly to southern Italy this week for their annual summit in downbeat mood, confronting myriad woes at home even as they seek solutions for many of the world's most pressing problems. U.S. President Joe Biden faces a polarized electorate and dismal approval ratings ahead… ....
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