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and winds of change. cloud computing, augmented reality, and 100km/h yachts! how sailgp hopes to get the video game generation on board. this we start with the cost of borrowing because it is on the rise again. in the next few hours the bank of england and the european central bank are both expected to increase their main interest rates by half a percentage point to their highest in m years as they battle to bring inflation under control. good news for savers of course, but piling more pressure on businesses and many people with loans and mortgages. for the bank of england, it would be the tenth rise in a row and would take the cost of borrowing to 4% its highest since 2008. on wednesday the us federal reserve announced a quarter percent increase a much smaller rise than in recent months. but its chair, jerome powell, warned that it would not be the last. as samira hussain in new york reports after in new york reports a year of aggressive rate increases after a ....
time, stjames park will be bouncing for the champions league. the equation for newcastle tonight is a simple one, they have to win and even then that might not be enough if paris saint germain beat dortmund. notice that milan s maps is pretty much the same. newcastle win at psg don t and newcastle will go through. but for a hotly debated penalty in paris a fortnight ago, newcastle s destiny would be in their own hands. but their manager still feels they have nothing to lose. i still feels they have nothing to lose. ~ , , lose. i think being under the lights here is always lose. i think being under the lights here is always a lose. i think being under the lights here is always a very lose. i think being under the lights here is always a very special. - lose. i think being under the lights | here is always a very special. under the lights, champions league, with something to play for and with everything to gain. i think that has got to be our way of looking at it. i think ....
Developments are encouraging we will need substantially more evidence to be confident that inflation is on a sustained downward path. inflation is on a sustained downward ath. ., , downward path. now the fed is not declaring downward path. now the fed is not declaring victory downward path. now the fed is not declaring victory over - not declaring victory over inflation. it is taking a measured tone but they do say that a dis inflationary process has begun. for those on wall street hoping for interest rate cuts to start this year, mr powell made it clear that he expect to keep rates high through all of 2023. but seemingly there is a little more optimism when it comes to pulling off a soft landing for the us economy. getting inflation back to its 2% target without plunging the country into recession. let s talk to 0liver faizallah from the brokers charles stanley here in london. good morning. if we start with the fed before we move onto of england and europe, your thoughts on what ....