Summary: Rishi Sunak defends his strategy to tackle inflation in an exclusive interview with ITV News, stressing responsible borrowing . Sunak acknowledges the role of the government in curbing inflation and highlights the potential negative impact of excessive borrowing on long-term economic stability . Sunak discusses the effects of interest rate rises and emphasizes the importance of sustainable pay increases tied to productivity growth. Sunak confirms the government's commitment to the triple lock policy for pensions and expresses his intent to support individuals facing inflation -related pressures. Sunak addresses ca...

Summary: The UK economy faces concerns as initial data shows an unexpected rise in June's inflation rate to 4.2%. Job numbers indicate potential hesitance by the Bank of England in raising interest rates . Unemployment reaches levels not seen since October 2021 amid recent events like Wilco's administration. Average hourly earnings grew by 8.2% in June, aligning with expectations of further interest rate increases. The uncertain monetary policy outlook hinges on upcoming consumer price inflation figures. Sterling reacts positively to data release, impacting currency performance. Future economic trajectory depends on up...

Summary: Central banks face a significant week with crucial interest rate decisions. The Federal Reserve is expected to raise rates and provide insights through the press conference. The European Central Bank will likely indicate ongoing commitment to supporting economic growth. The Bank of Japan is anticipated to maintain its short-term interest rate target. Global markets closely monitor these decisions for potential currency shifts and investor reactions. Central banks wor...

Summary: Migrants on the Bibby Stockholm barge face challenging living conditions , including overcrowding and limited access to basic facilities. Despite the difficulties, migrants demonstrate resilience and courage in their pursuit of safety and stability. Humanitarian organizations and authorities are working to improve the situation by enhancing living conditions and processing asylum claims . ...

China's Xi Jinping tightens grip with unprecedented third term In one of China's grandest locations, it's staged one of its grandest shows. Nearly 3,000 delegates from across the country gathered here for China's version of the opening of parliament. Access in here is rare, controlled as it is closely guarded. In perfect unison, they welcomed their leader. Xi Jinping didn't take the lectern himself, but in a way, this weekend was all about him. His Cabinet of Allies confirmed his third term as President ratified. But listen closely to his outgoing second in command, just a hint that it's not all been plain sailing. The economy maintained stability in overcoming difficulties, and the main development tasks of the year were basically completed in a complex environment with many changes. The Chinese economy has shown strong resilience. In theory, they vote on le...

Windsor Framework has received a 'cautious welcome' in Northern Ireland All right, let's get the view now of Michelle O'Neill, because this time last week all the talk was of the PM's deal with the EU over the Northern Ireland protocol. This seemed to get a decent enough reaction from most parts, but of course the big question is what do the DUP do, the largest unionist party in Northern Ireland? They say they won't rejoin power sharing if they're not happy. Well, the largest party at Stormont is Shinfeng, and its leader there would have been First Minister. That's Michelle O'Neill. She joins us live now. Thank you very much for being on the programme this morning. Has Rishi Sineq negotiated a good deal for Northern Ireland? Well, I think we've all had the best part of a week now to reflect on the deal, and I think it's fair to say that the ...

Summary: The Conservative Party is divided over the impact of green policies on political votes. The upcoming by-election in mid-Bedfordshire will likely serve as a significant electoral test. Some Tories believe that toning down the party's green agenda might attract more voters. The Liberal Democrats are seeking a middle ground between climate action and economic concerns. Craig McKinney, Tory MP, suggests a more cautious approach to climate action, emphasizing domestic gas and nuclear power. ...