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by huge increases in borrowing. cubans give their verdict on legalising same sex marriage and whether gay couples can adopt in a landmark referendum that s divided the nation. as hundreds of russians flee the country to avoid president putin s partial military mobilisation, we go live to moscow to speak to nikita khrushchev s granddaughter about the conflict in ukraine. and nasa prepares to crash a probe into an asteroid to see how difficult it would be to stop a space rock from hitting earth. hello and welcome. giorgia meloni, who s set to become italy s first female prime minister, has called for unity and promised to govern for all italians. projected results in the general election show victory for a coalition led by ms meloni s far right party, brothers of italy. the democratic party have already conceded, and in herfirst speech after her triumph, she said the voters had indicated their desire for a centre right government. leigh milner reports. it s a historic m ....
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 ....