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the squeeze that households are about to feel it is going to have a significant political impact, probably a impact on the government but the argument you will hear from ministers as we are doing everything we can, we have a plan to get inflation down, it is taking longer than we hope but we need to stay with it. remember, a general election is probably over a year away. that is not certain but that is the expectation of most people in westminster so the government will hope that things start to study out of it, inflation does come down towards the end of this year. but i do think this is going to be a big political impact and is a very dangerous moment for the government and probably the biggest challenge they are going to face and the defining issue of the next general election so we need to see what happens with inflation over the next few months. {lilia happens with inflation over the next few months-—
defendant. the organised crime unit are telling us that they are also carrying out a separate investigation into potential charges of money—laundering, influencing statements and trafficking of minors and that they have confiscated a wide range of assets from the tate brothers in this investigation, including property, cars, watches and also 300 million us dollars in cryptocurrency. a spokeswoman for the tate brothers say they this opportunity to demonstrate their influence. the court has 60 days to rule on the legality of this indictment, whether it can actually be tried in court but lawyers are telling us it could well take much longer than that. {lilia telling us it could well take much longer than that.— telling us it could well take much longer than that. ok, lucy, thank ou ve longer than that. ok, lucy, thank you very much — longer than that. ok, lucy, thank you very much for _ longer than that. ok, lucy, thank you very much for that. _ longer than that. ok, lucy, thank you very much for that. lucy - you very much for that. lucy williamson reporting. the organisers of the 2024 olympics in paris say their headquarters are being searched by french police. it's unclear what's prompted the raid, but reports in french media suggest it's part of an investigation into suspected corruption. the paris 2024 committee says it's co—operating
rises that they are seeing. it is that mortgage squeeze on landlords and on homeowners that has led to a series of questions to the chancellorjeremy hunt today in the commons. mps calling for more support. he basically ruled that out, saying that actually, if you inject money into the economy, then that prolongs what he called inflationary agony. in other words, it makes information, remember the rate of rising prices, worse not better. so that is why he is effectively saying we are not going to do that, one olive branch is that he did say he will meet with mortgage lenders to see what help can be offered to those who are struggling the most. but i think the likelihood is that for homeowners, potential buyers, for renters, they are going to be staying put until all this settles down. {lilia are going to be staying put until all this settles down. ok, kevin, thank you _ all this settles down. ok, kevin, thank you very — all this settles down. ok, kevin, thank you very much. _ price rises in supermarkets have slowed to their lowest level since last year,
invest in the rebuilding while we what is going on?— invest in the rebuilding while we what is going on? we are hoping that will happen. — what is going on? we are hoping that will happen. we _ what is going on? we are hoping that will happen, we are _ what is going on? we are hoping that will happen, we are putting _ what is going on? we are hoping that| will happen, we are putting measures in place trying to convince the private sector to reinvest now, we are getting weapons, increasingly better air defence systems, we have already managed to essentially completely protect several regions of our country, including the capital city you have, it is more or less completely protected, shouldn't and 100% of the missiles in any given air attacks, or when they are filing these missiles from the air. other regions are not as well protected unfortunately, so we need to put all of these measures in place, militarily and economically, to make sure the private sector feels induced to invest. {lilia to make sure the private sector feels induced to invest. 0k, thank ou ve feels induced to invest. 0k, thank you very much _ feels induced to invest. 0k, thank you very much for _ feels induced to invest. 0k, thank you very much forjoining - feels induced to invest. 0k, thank you very much forjoining us - feels induced to invest. 0k, thank you very much forjoining us on i you very much forjoining us on newsnight tonight.— this is georgia williams from telford. ten years ago, aged 17, she was planning a future that included joining the raf as a paramedic. that was taken away from her when she was sadistically murdered by a friend from college. jamie reynolds was a violent young man fascinated with extreme
the various legal concerns he has, is very serious. republicans do not. donald trump could be indicted and convicted but republicans was to support them. {lilia convicted but republicans was to sunport them-— support them. ok, i tried and obviously _ support them. ok, i tried and obviously failed. _ support them. ok, i tried and obviously failed. thanks - support them. ok, i tried and obviously failed. thanks for l support them. ok, i tried and i obviously failed. thanks for that will talk to the you both in a minute. it is a rite of passage for every british prime minister — fly to washington and try and forge as special a relationship with the us president as possible. the latest person to tread that path is rishi sunak — who arrived in washington in the early hours of wednesday morning. he's due to meetjoe biden on thursday. he's just spent some time at arlington national cemetary — where he laid a wreath at the tomb of the unknown soldier. earlier the prime minister met the speaker of the united states house of representatives, kevin mccarthy. the speaker lauded the "long history," and shared beliefs shared by the two nations. the prime minister has also met us senate majority leader chuck schumer, a senior democrat. as well as renewed pledges of british support from ukriane, the prime minister will also lobby
nanny, tiggy. he is going through all these articles in his written statement, explaining that he now realises, he believes these were obtained, the information was obtained, the information was obtained by unlawful means by the mirror group. {lilia obtained by unlawful means by the mirror grow-— obtained by unlawful means by the mirror t-rou. ., ., ., mirror group. ok, we are out of time in this hour- — mirror group. ok, we are out of time in this hour- l — mirror group. ok, we are out of time in this hour. i know _ mirror group. ok, we are out of time in this hour. i know we _ mirror group. ok, we are out of time in this hour. i know we will _ mirror group. ok, we are out of time in this hour. i know we will be - in this hour. i know we will be talking to you in the next hour on bbc news. but thank you for that summary of some of the key lines thatjoshua has managed to pick out a prince harry�*s witness statements. we have sight of that and some 25 articles he is focusing on in his witness statement. if you want to follow the latest from inside the court, this is the high court, we don�*t have cameras, they are not allowed but we do have journalists in there and they are updating our live page. if you want to look at that, had to bbc news. you can also use the bbc news app. you are
previous meeting last year of a target of net zero x 2050, what iata has done as a precursor to the meeting today as lay out a roadmap of how to get there, the industry is working hard, especially to change use of fuel so it has sustainable aviation fuel instead of the kerosene used today which will reduce emissions enormously but there is not enough supply and supply that is available is very high—priced, iata would like to see industry partners and governments play the role, we see in the usa investment to get more production and get reasonable pricing, the maybe with the point there is a point that all partners have to do their part and we see engine manufacturers and aircraft manufacturers and aircraft manufacturers doing the same investment in new technology and government supports. {lilia and government supports. ok, john, good — and government supports. ok, john, good to _ and government supports. ok, john, good to see _ and government supports. 0k, john, good to see you, thank you for your time. now you've heard of virtual reality before,
appear to be a little bit more likely nova— appear to be a little bit more likely now. ed price, our man in new york. _ likely now. ed price, our man in new york, thank _ likely now. ed price, our man in new york, thank you - likely now. ed price, our man in new york, thank you very l in new york, thank you very much. for a few minutes on tuesday, chip—maker nvidia was part of the elite club of us companies worth a trillion dollars. the company's share price shot past $412 on tuesday, after rising more than 30% since last week. other companies part of the trillion dollar club are apple, amazon and alphabet. the bbc�*s north america business correspondent samira hussain explains why. for a brief few moments nvidia was able to call itself a trillion dollarfirm. the surge in the company's share price came after the chip maker shocked analysts by forecasting a surge in demand for its products because of advances in artificial intelligence or ai. the hardware made by nvidia underpins most ai applications today, with one report suggesting it has cornered 95% of the market for machine learning. over the past 12 months, nvidia's share price has more than doubled.
investors are betting the company will be able to profit from its foresight in developing chips that are easily adaptable. and of course ai is the next hot thing in tech and certainly an area with a lot of growth potential. but now there are questions about whether nvidia has ability to keep up with this demand, especially as other chip—makers like intel and amd try to get in the game. let's speak now to fiona cincotta, analyst at city index. fiona, wall street plus mac sales estimates for this farmer out by almost 50%, just looking at some information from morgan stanley, they described the outlook upgrade last week as the largest dollar revenue upside in the history of the industry. we simply, they said, have no historical precedent for the magnitude of this step function. just who is this
this company. if you have a look at their chart, it's been a company which has had some very strong gains followed by very strong gains followed by very big losses across the years. over the past five years, the share price is up 500% so that to say quite a lot over what it has achieved in recent years.— over what it has achieved in recent years. you mention it, the volatility _ recent years. you mention it, the volatility in _ recent years. you mention it, the volatility in the _ recent years. you mention it, the volatility in the share - the volatility in the share price and just looking at what happened last year, shares lost half their value last year, investors were fretting about the whole slowdown in corporate spending on things like data centres and also i guess you could call it the post—pandemic freefall that we saw in crypto and in gaming as well. i guess my question is, how much intrinsic value is there to this firm and how much of this is hype because of what's going on in the world on what people are interested in and where the money is currently flowing?