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rates to a 15 year high at 4.5% as it continues its fight against high inflation. and donald trump calls for republicans to let the us default on its debt rather than give way on biden's spending plans. hello. a warm welcome to the programme. this is world business report, i'm ben thompson and we are going to start in the uk where the bank of england has raised interest rates for a 12th consecutive month. all of that as it tries to fight high inflation. uk interest rates were raised by 0.25%, while the bank said inflation would fall sharply in april but not as far or as fast as it pr...

Cars, don't they? it is want everybody to be making electric cars. don't they?— cars, don't they? it is true, we have to cope — cars, don't they? it is true, we have to cope with _ cars, don't they? it is true, we have to cope with the - cars, don't they? it is true, we l have to cope with the regulation cars, don't they? it is true, we - have to cope with the regulation and with the rules of all the countries we operate in. that is for granted. the point is that, you know, there is the technology that is always evolving, you saw what happened a few weeks ago, the approval of a fuel, carbo...

One place we have begun to take action is at the agency in charge of regulating drilling and issuing permits. known as the minerals management sf. over the last decade this agency has been emblematic of the hostility. a philosophy that says corporations should play by their own rules and police themselves. >> stocil matters segment. john usually objects tot t federal government intruding on private industry. in fact, there is a new gal tday lop poll out saying 40 percent p of americans want bp heading the oil in the gulf. here is now john stossel. thfailed philosophy that regulation is bad and...