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plus rising prices falling ratings. can president biden win the argument on the us economy with just days to go until the midterm elections? and a pressing crisis. the cost of olive oil set to soar with harvests shrivelled by europe s summer heatwave. hello. we start here in the uk which is now facing the longest recession since records began, a century ago. that was the bleak warning from the bank of england on thursday, as it raised interest rates to 3% to try to dampen down soaring inflation. the bank says the uk economy is already in recession, and could keep declining until the middle of 202a. the pound slumped on the news to its lowest in more than two weeks. here s our economics editor faisal islam. the end of a decade and a half of ultralow interest rates was always going to be difficult, but dealing in mortgages has in recent weeks felt more like the stock market than the housing market. , , stock market than the housing market. , , . ., , ....
was found guilty of fraud and money laundering last month. also in november, the ceo of binance, the world s largest cryptocurrency exchange, pleaded guilty to anti money laundering and us sanctions violations. he paid a $50 million fine and the company paid a $4.3 billion fine. but bitcoin, it seems, is no worse for the wear. the price climbed above $44,000 tuesday and shares of coinbase global, the largest us crypto exchange, were up as well. bitcoin miners traded higher too. here s some of the wind in their sails. us regulators are expected to approve an exchange traded fund that directly holds bitcoin. it could happen as early as next month and traders are betting on it. data out overnight said higher interest rates are causing businesses to cut costs including recruiting new workers. we re nearly half way in to this year s round of climate talks known as cop28 and there seems to have been progress on some deals already. under one agreement, 110 governments have ....
they are expected to iron out the final details on the eu s artificial intelligence act. if it becomes eu law it will mark the first attempt in the world to police artificial intelligence. what should be in the bill has seen heated debate based on al s capacity to cause harm. european countries will be discussing possible concessions in negotiations on what s being called the ai rulebook. for more detail i m joined by kirsten rulf, partner and associate director at boston consulting group. good morning to you. once again, the eu commission by parliament and council grappling with new technology, how to bring the law up to date with this. what are we expecting today? with this. what are we exectinu toda ? ., expecting today? good morning. i think we are expecting today? good morning. i think we are of expecting today? good morning. i think we are of a expecting today? good morning. i think we are of a political - i think we are of a political nailbiter. if we had t ....
and then the collapse of the ftx cyrptocurrency exchange in november 2022, and the ftx founder was found guilty of fraud and money laundering last month. also in november, the ceo of binance, the largest cryptocurrency exchange, pleaded guilty to anti money laundering and us sanctions violations and paid a $50 million fine and the company paid a $4.3 billion fine. but bitcoin, it seems, is no worse for the wear. the price climbed above $44,000 tuesday and shares of coinbase global, the largest crypto exchange in the us were up as well. bitcoin minors traded up as well. here are some of the wind in their sails. us regulators are expected to approve an exchange traded fund that directly holds bitcoin. that could happen as early as next month and traders are betting on it. australia s economy barely grew in the third quarter with gdp rising just 0.2%, the slowest growth in a year. households have been cutting back on spending and exports have also been flagging and data fu ....
in november 2022, and the ftx founder was found guilty of fraud and money laundering last month. also in november, the ceo of binance, the largest cryptocurrency exchange pleaded guilty to anti money laundering and us sanctions violations and paid a $50 million fine and the company paid a $4.3 billion fine. but bitcoin, it seems, there is no worse for the wear. the price climbed above $44,000 on tuesday and shares of coinbase global, the largest crypto exchange in the us were up as well. bitcoin minors traded up as well. here are some of the wind in their sails. us regulators are expected to approve an exchange traded fund that directly holds coin happening as early as next month and traders are betting on it. news thatjust came in, australia s economy barely drew in the third quarter with gdp rising just 0.2%, the slowest growth in a year. households have been cutting back on spending and exports have also been flagging and data further shows high interest rates are co ....