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been chasing this property bubble, and in order to create this bubble, offering very very high returns and it works for quite a while because property prices were going up and everybody was sort of a win win for everybody. the everybody was sort of a win win for everybody-— for everybody. the property developers _ for everybody. the property developers could _ for everybody. the property developers could throw - for everybody. the property developers could throw up i developers could throw up buildings that people thought that they needed, and investors would get the returns of ten...

day of the temporary truce with hamas. whilst 39 palestinian women and children were released from israeli prisons. hamas and president biden have said they would like to see an extension of the current four—day truce but the israeli prime minister has maintained that his country will return to war. our senior international correspondent orla guerin has more. rejoicing in israel after the darkness of recent weeks. the latest group of hostages freed from gaza waved to supporters as they are welcomed home. both israel and hamas are signalling their deal could be extended to free more...

britain's ecomomy is expected to have gone into reverse — shrinking by 0.1%. and if that continues for the rest of the year — two quarters of negative growth — that would constitute a recession. the bank of england has raised the cost of borrowing to a 15—year high, to try to rein in soaring prices, and that's weighing heavily on many businesses and households. on thursday, official data showed a steep jump in the number of people falling behind on mortgage payments. our cost—of—living correspondent, colletta smith, reports. good morning, donna speaking, how may i help? w...

Business news live from singapore. 20 years since hong kongs hand over to china is its economy better or worse off . And it has been two decades since the Asian Financial crisis we look at the philippines and why it did better than its regional neighbours in riding out the turmoil. Good morning, asia. Hello, world. Thank you forjoining me for this friday edition of Asia Business report. Im rico hizon. As we told you on newsday this weekend marks 20 years since hong kong saw the end of British Colonial will. Chris patten was the last governor of hong kong, which is one of the major financial hu...

As cabin crew prepare to strike, just weeks after an it crash that stranded thousands. Are cost cuts taking their toll on the Airlines Image . Plus, from the Sick Man Of Asia to one of the regions Fastest Growing economies. We report from the philippines, 20 years on from the Asian Financial crisis. Welcome to World Business report. Im rachel horne. We start with more problems for british airways. Thousands of passengers are learning that their flights have been cancelled because of an unprecedented 16 day strike by some cabin crew, which begins tomorrow, july 1st. On thursday, ba said most fl...