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the global monetary pivot — that was what some commentators were declaring on wednesday, after the us federal reserve said it had probably finished raising interest rates, and signalled it was planning to start cutting them next year. but clearly, neither the european central bank nor the bank of england got the memo. they left their rates on hold and said it was too early to talk about cutting them. in fact, here in the uk, three members of the bank of england monetary policy committee actually voted to raise the interest rate above its current level of 5.25%. the bank is worried ...

the economy is coping with the cost—of—living crisis when we get first—quarter gdp figures in just over an hour's time. it's expected to have continued growing by 0.2% in the first three months of the year. hardly booming, but a far cry from the record—breaking recession that the bank of england was predicting six months ago. on thursday, the bank announced a major rethink of its forecasts, saying the uk will now avoid going into recession. but it warned that the battle to get soaring prices under control is taking much longer than expected. the bank also raised its main inte...

by about twice the global average. it's already increased by 2 degrees celsius. 20 years since the us—led coalition invaded iraq to topple dictator saddam hussein, we look at the legacy. hello and welcome to bbc news. the world's financial markets have reacted with unease following last night's emergency takeover of the troubled swiss bank credit suisse. shares in credit suisse fell by more than 60% this morning after european markets opened and the value of banking shares across europe have dropped sharply. credit suisse was bought by fellow swiss bank ubs after a deal brokered by...

how one woman turned freebies for the famous into a multimillion—dollar branding business. hello there. we start here in the uk where the government is under pressure to tackle a chronic shortage of workers — when it publishes its budget next week. it is adding to wage pressures — pushing up inflation — and holding back economic growth. soaring childcare costs have priced many people, usually women, out of the workforce. post—brexit restrictions on foreign workers have added to the problem. and many older people have simply decided they can afford to retire early. our econo...

to $1 billion, although bloomberg reports that credit suisse sees that as vastly undervaluing the bank. the swiss banking giant had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america's silicon valley bank. it had been offered an emergency credit facility of more than $50 billion by switzerland's central bank, but that had not prevented a sharp fall in its share price. our business correspondent marc ashdownjoins me now. an urgency around these talks in switzerland to try and facilitate this takeover by ubs.— this takeover by ubs. yes, the ...