Skip to main content

tv   BBC News  BBC News  August 27, 2022 1:00am-1:31am BST

1:00 am
this is bbc news. i'm rich preston. our top stories: millions forced from their homes and warnings of more severe flooding in pakistan — a national emergency is declared. it's been more than ten days of heavy rains and yet the streets of sukkur are still flooded. this is one of the main roads linking this community to the outside world. the court document used to justify a search of donald trump's florida home is released by the usjustice department, but it's heavily redacted. combatting the fastest rise in prices in nearly four decades, the us central bank promises to fight inflation, but warns it will be painful. # hold me closer tiny dancer...
1:01 am
and, did she do it again? what the critics said about britney spears�* comeback single with eltonjohn. hello and welcome to bbc news. a national emergency�*s been declared in pakistan, after almost 1,000 people died following severe monsoon flooding that began injune. more than 33 million people have been affected by the country's heaviest rainfall in decades. hundreds of thousands of homes have been destroyed, and thousands of people have taken refuge in relief camps. the worst affected areas are in the provinces of balochistan and sindh in the south, from where our correspondent pumza fihlani sent this report.
1:02 am
moving to higher ground, families wade through the water with the only belongs they can salvage. in southern pakistan, many streets have turned into rivers. families have set up tents on the few roads are still visible. it has been more than ten days of heavy rains and get the streets of sukkur are still flooded. this is one of the main roads linking the community to the outside world. many of the people in this community say they have lost their homes to the floods. they moved to slightly higher ground and managed to set up temporary shelter. they said to me they are worried about more rains coming and they do not know how long they will be able to stay here. just behind is where their homes used to be. from up above, devastation as far as the eye can see. balochistan and sindh have suffered the
1:03 am
greatest destruction. homes and infrastructure reduced to rubble. the provisional government has been distributing aid but they are appealing for help. this family has lived here for more than 50 years and their home was destroyed within minutes. translation: we destroyed within minutes. translation:— destroyed within minutes. translation: we have lost everything- _ translation: we have lost everything. all _ translation: we have lost everything. all our - translation: we have lost | everything. all our belongings are gone. the only thing we managed to save is our lives. the water's mite has taken not just homes, businesses as well. into this video, new hotel, one of the largest in the area was brushed away in minutes. the owner told us he watched hopelessly as it came down. it is becoming clear to the people trapped in these remote communities that the worse is far from over communities that the worse is farfrom over and communities that the worse is far from over and yet all many can do is sit and hope, hope that the coming storm will be a
1:04 am
little more forgiving. it is a vulnerability many have never imagined. the us justice department has made public some of the information which led the fbi to search donald trump's florida home. it's published a redacted version of the sworn statement, or affidavit, outlining the evidence which the department produced to get a search warrant. these documents are normally kept sealed. the affidavid says there was probable cause to believe that there are additional documents with classified information still at mar—a—lago, and there is also probable cause to believe that evidence of obstruction will be found at the premises. the affidavit�*s conclusion makes the case that there is probable cause to believe that evidence, contraband, fruits of crime, or other items illegally possessed, in violation of three federal statutes would be found on the premises. donald trump has denied any wrong—doing. 0ur north america correspondent anthony zurcher
1:05 am
is at west palm beach, in florida, and gave us more details on the investigation. thejustice department has now pulled back the curtain ever so slightly into the criminal investigation over handling classified documents and presidential records here at mar—a—lago. in its 32 affidavit, that was heavily redacted, the justice department said one of the reasons why they thought there were still classified documents being kept in an unsecured location here in mar—a—lago was because documents given by the president and his associates to the national archives earlier contained over 100 instances of classified information mixed in amongst magazine articles, newspaper clippings, photographs and other paraphernalia, as well as 25 items marked top secret, that included human intelligence gathering, foreign surveillance and court ordered domestic surveillance. the justice department also relied on witness testimony as part of its request, but none of that witness testimony was made public. it was redacted and the reason
1:06 am
thejustice department gave for this was because they thought that if the identity of the witnesses were made public, they can be open to harassment or even physical intimidation, and that future witnesses may be more reluctant to come forward if they see this kind of chilling effect. there's also the concern among the justice department that any revelations could lay out a roadmap for future obstruction of the investigation. now, donald trump has had a lot of legal concerns since he's left the white house, but this one because it's a criminal investigation may be rapidly moving up to the top of that list. well our north america correspondent chi chi izundu has been gauging reaction in the us, and shejoins us now from washington. what has been the reaction of these in the us?— these in the us? let's start first with — these in the us? let's start first with donald _ these in the us? let's start first with donald trump - these in the us? let's start - first with donald trump because he react to angrily, issuing a statement shortly after the affidavit was unsealed think it was heavily redacted. he also
1:07 am
then turned focus to the judge who allowed the unsealing, saying judge was wine hard should never have allowed the break in of my home and called it a witch hunt. what is interesting is largely the whiteness we have been getting from the republican party who, when the fbi first went into search donald trump is macomb, republicans came out in force condemning the action, calling it politically motivated, they called it a witch hunt, that this was all steps to try and prevent donald trump from running potentially as president in 202a. this time around very little has been said from the republican party candidates and one governor said, "i would caution folks not to draw too many conclusions. nancy pelosi the house speaker said it is great that she now knows how at
1:08 am
risk the national security was. the white house will not be drawn on any kind of comment with regards to today's unsealing but president biden was asked about how document are read when they are taken home and he says when he would take them home, he would rock them in a room, would have military present when it is done, when he's done that taken away by the military.— away by the military. thank ou. soaring prices are inflicting hardship and stretching the budgets of many around the world. trying to contol inflation has become a key concern globally, including in the us. on friday, the chair of america's central bank, jerome powell, warned that fighting the fastest rise in prices in nearly four decades would be painful to households and businesses. our business correspondent michelle fleury explains.
1:09 am
jerome powell in his widely anticipated speech effectively said that the federal reserve, america's powerful central bank, was not done, that it would would continue to raise rate and would remain elevated for a long time. for investors this was i was possible use. they would have hoped that he pull things back, things looking a bit brighter but in fact it was the opposite and as a result you saw the us market falling sharply, all are down around 3%, the dowjones tumbling 1000 point in one day. part of the fear they have is not just part of the fear they have is notjust higher rates but this idea, if the fence gets it wrong, you could potentially keep the us economy into recession if growth stalls. it is no surprise that mr powell reference bold vodka, the fed chairman during the 80s who as a result of higher rates was forced to raise rates and teat
1:10 am
the us into recession. jerome powell is trying to make this point, that it is worthy to avoid that. nina trentmann is bureau chief at the wall streetjournal, in new york. she joins us live now. good evening. good to see you. we will come to the painful families and is this in a moment but talk us through in a bit more detail what the fed is trying to achieve here? the fed ist in: trying to achieve here? the fed is trying to _ trying to achieve here? the fed is trying to achieve _ trying to achieve here? the fed is trying to achieve something l is trying to achieve something which is reasonably complicated, which is attempting down inflation while attempting down inflation while a hard landing economy, while avoiding a recession. it is not necessarily clear if the us is in recession already or not. we have seen two consecutive quarters of negative growth but we are still waiting to see if there is official confirmation as to whether this is a recession or not which is about
1:11 am
the fed is trying to avoid. inflation remains pretty high, affecting ordinary citizens, businesses, basically everyone in the system, and it very much remains to be seen, a, if raises in interest rates we have seen in recent months are sufficient or if the fed will move to increase rates further. jerome powell today indicated that the federal reserve is prepared to do so, that it wants to avoid having to be raising rates further and that is of course one thing we are waiting for in the coming months with more fed meetings to come. 0ur months with more fed meetings to come. our rates going up further? i guess we can assume, yes, but also by how much and what would be the cadence with
1:12 am
which the central bank keeps raising rates. investors as we had default from your colleague, were disappointed today with major markets in the us selling off. previously there were signs from the fed that we would see us slowing in interest rate raising next year but it does not seem likely based on what we have heard from jerome powell today. if these rates do we did go up, as you assume they would, is that a short—term or long—term effect on america? a short-term or long-term effect on america?- a short-term or long-term effect on america? well, jerome powell indicated _ effect on america? well, jerome powell indicated today _ effect on america? well, jerome powell indicated today that - effect on america? well, jerome powell indicated today that it - powell indicated today that it is in that for the longer game in terms of raising rates and that he would or the federal reserve would consider increasing rates until they see an impact on inflation, so, that to me sounds as if, if necessary, this is going to go on for a while longer stop of
1:13 am
course, there is always this lagging effect between interest rate increases and inflation and, so, iwould rate increases and inflation and, so, i would assume this is something that will continue for a while longer and this is also what i am hearing from finance achieves at large us corporate. their expectation is very much that this environment of raising rate and increasing financing costs for companies will continue for a while longer, which is why many companies have actually taken action and refinance earlier this year and last year because they knew this was likely to come and also because the expectation is that this rate raising environment we are currently in is not necessarily going to abate anytime soon. talk us through the impact of this on businesses and also on american families. {lin american families. on businesses, _ american families. on businesses, it - american families. on businesses, it is - american families. on businesses, it is very l american families. q�*i businesses, it is very much of those businesses that have
1:14 am
floating rate debt that you will see an impact stray —— straightaway. you see finance costs go up reasonably soon because the financing costs they have a basically adjusting to raising rates on an immediate basis, whereas if you have fixed rates, then that is only going to impact you when you look to refinance that debt and when your creditors or bondholders are wanting to see higher rates, so it is a bit of a mixed picture. large us culprits have large fixed debts which means impact is likely going to be felt sooner but smaller size businesses and also those that do not have very good credit ratings because they rely more on loans and also more on a floating rate that will stop overall, it is fair to say that this is
1:15 am
something american businesses have felt, are feeling and will likely feel going forward. the families and consumers, it is a very broadly felt effect as well. we have seen it in the supermarket and elsewhere, that the prices are higher and it is a perception shed for people also looking to get mortgages and elsewhere we are seeing the impact of high prices but also the impact of higher interest rates for example for mortgage rates for example for mortgage rates going up this year. they recently went down again and now they are back up again. the same is true for loans and other financing same is true for loans and otherfinancing instruments other financing instruments where banks otherfinancing instruments where banks are passing on higher interest rates to consumers so that is something that americans are feeling on a very wide range of transactions they are pursuing. irate very wide range of transactions they are pursuing.— they are pursuing. we will leave it there. _
1:16 am
they are pursuing. we will leave it there. thank - they are pursuing. we will leave it there. thank you | they are pursuing. we will. leave it there. thank you very much. . ~ leave it there. thank you very much. ., ~ i. leave it there. thank you very much. ., ~ ., ., here in the uk, households have been warned that energy bills will soar by 80% in october for tens of millions of people, causing real hardship for many who are already struggling with a steep rise in the cost of living. the bbc�*s business editor simonjack reports. abby dezso is a single mum living in ipswich. the energy price rise will hit her hard. she has a part—timejob which earns her £1000 a month, but her energy bill is going up from £80 to £250 in october, which she will struggle to find. is there anything you can cut? honestly. . . no. as she looks at her stretched budget, her primary concern is for her children. you don't want them to go without, so as long as they're fed, that's my main priority. as long as i've fed them, i don't really mind. if i can sort them out, i'm happy with a bit of toast,
1:17 am
that doesn't bother me. but you just know that they're going to end up going without. announcing the new prices this morning, the regulator said it would fall to government to help households face this crisis. the truth is, this is beyond the capacity of the regulator and the industry to address. so, what we are saying today is look, we have ten days now until we have a new administration, and we have a new prime minister and a new ministerial team. what i am clear about is the prime minister, with his or her ministerial team, will need to act urgently and decisively to address this. households in england, scotland and wales will get a £400 discount on bills, and people on qualifying benefits are eligible for an additional £650 from october under support already announced. there's a separate scheme for northern ireland. today, the prime minister said his successor would provide more. there's a pipeline of cash coming through over the next few months and through the autumn and winter, but that is clearly now going to be augmented,
1:18 am
increased, by extra cash that the government is plainly going to be announcing in september. while the labour leader said prices needed to be held where they are now. we need to have a freeze on those energy prices, do not let them go up to those levels, and pay for that in part by a windfall tax on the oil and gas companies on those excess profits. so, how on earth did we get here? well, this is how. this is the wholesale price of gas. it's not controlled by government or companies or regulators, it's driven by international supply and demand. you can see there, the russian invasion of ukraine, which sent it rocketing, and it soared again in recent weeks as countries scramble to buy up supplies of gas before the winter. and it's those wholesale prices driving our bills — that's the big chunk in blue there. now, liz truss has promised to suspend this little green bit down here — that's the social and environmental policy cost. rishi sunak says he'll cut the yellow bit there — that's vat on fuel.
1:19 am
so, little wonder there are calls for much more support than currently are on offer, especially as the industry experts who got today's number right have been saying that bills could hit over £5,000 injanuary and over £6,000 in april. back in ipswich, people at a local community centre were shocked and angry. it's actually made me feel ill, physically ill, to hear that figure. it's even higher, i think, than we were expecting. it's a nightmare, and most people can't afford it. i think of families. i'm a pensionerand i've got to struggle. it's almost an unimaginable| number, you know, the sort of price of bills that - we're going to be facing come january as well. have you contacted us before? at the local citizen's advice, many are seeking help for the first time. i asked the chief executive nicky willshere how she felt about the winter ahead. terrifying. i mean, i'm really worried about families and households, whether they're single households or not. the cost of energy is unbearable now,
1:20 am
without it going up. i don't know how households are going to manage, i can just see that demand on our services and other voluntary sector services are going to go through the roof. most people's heating isn't on yet, and there is every reason to postpone that moment as long as possible. simon jack, bbc news. let's get some of the day's other news. in his nightly address, the president of ukraine, volodymyrzelensky, has said that the situation at the zaporizhzhia nuclear power plant, which is occupied by russia, remains dangerous. the plant was temporarily disconnected from the power grid on thursday for the first time. mr zelensky once again demanded that the un nuclear watchdog visit the plant as soon as possible. the suspended thai leader prayut chan—o—cha has said he will continue in his role as defence minister. his comments on twitter are his first direct address to the public since a court ordered him to cease his duties as prime minister while it reviews his term limit. the constitution stipulates a term limit of eight years for the prime minister,
1:21 am
and the main oppostion party argues he took power in a coup in 2014. the american pharmaceutical company, moderna, is suing rival firms pfizer and biontech for patent infringement in the development of the first covid vaccine approved in the united states. the company says pfizer copied mrna technology developed by moderna years before the pandemic. tigrayan rebels in northern ethiopia say government forces have conducted air strikes on the region's capital, mekelle. according to a local hospital official there, at least four people, including two children, have been killed, though that has yet to be confirmed. this latest incident marks the third consecutive day of fighting in the region, bringing a five—month ceasefire to an end. 0ur reporter in addis ababa is kalkidan yibeltal. he gave us this update. the fighting broke out after five months of neutrality,
1:22 am
so progress and developments in terms of access to aid, as well as a possible peace deal. the fighting is escalating ratherfast. we understand there is intense fighting on the ground between the government and tigrayan forces. and now this report comes that there have been air strikes in mekelle, the capital of tigray. the government forces have not addressed these accusations directly, but they released a statement warning people in tigray to stay away from military targets. this could be warehouses or training facilities. so that seems to suggest that air strikes could be part of this ongoing war. the remains of what could be the largest dinosaur ever discovered in europe are being excavated in a back garden in portugal. the fossilised skeleton of a sauropod was discovered in the central city of pombal in 2017, when a man began building work on his house. sauropods were the biggest of all dinosaurs and the largest land
1:23 am
animals to have ever lived. palaeontologists say the huge reptile was about 12m tall — about 39 feet — and 25m or 82 feet long. britney spears has released her first single since being freed from her conservatorship, the legal arrangement which saw her father control most aspects of her life for more than a decade. the song is a duet with eltonjohn, based in part on his 1972 hit tiny dancer. our music correspondent, mark savage, has been taking a listen. # hold me closer...#. the unmistakable sound of britney spears. # 0h! # hold me closer, tiny dancer...# this is the first time fans have heard new music from the singer since 2016... free britney now! ..and it's the first since she was freed from a 13—year legal arrangement that stopped her making basic decisions about
1:24 am
her personal life. what am i going to do now that the conservatorship's over with? speaking on instagram last year, britney said that returning to music might not be her first priority. i'm just grateful, honestly, for each day and being able to have the keys to my car and being able to be independent and feel like a woman. and owning an atm card, seeing cash for the first time, being able to buy candles. it's the little things for us women, but it makes a huge difference. it was music legend eltonjohn who eventually tempted the star back into the studio. # and i think it's going to be a long, long time...# he was planning a follow—up to cold heart — a duet with dua lipa that became a global number one last year — and it was his husband, david furnish, who suggested getting britney on the track. they met in los angeles this summer to record it, and elton previewed the song to diners at a french restaurant earlier this week.
1:25 am
# hold me closer, tiny dancer...# released at midnight, the song's already had a warm welcome. "i hope she gets all the support in the world, after the hell she's been through," said one fan online. critics weren't so kind, with the telegraph calling hold me closer "one of the most pointless records in pop history", although the guardian said the song was "filled with power and poignancy. " writing on twitter, britney said she was "overwhelmed" to be singing with one of her heroes. # hold me closer, tiny dancer...# her fans hope that this will be the first of many new songs. mark savage, bbc news. a reminder of our top story: an estimated 33 million people in pakistan have been affected by the biggest floods in living memory. the water is so deep in some areas that the land looks like an ocean, and several railway and road bridges have been washed away. more than 900 people have died due to extreme
1:26 am
weather across pakistan since june. you can reach me on twitter — i'm @richpreston. thanks for watching, see you soon. hello. we ended the week with some fairly quiet weather, and that's how it's going to continue into the weekend. and, of course, for many of us, it is the august bank holiday weekend. here's the summary — plenty of sunny spells on offer, a few showers too. but it will become breezy, particularly by monday, and really quite cool on the north sea coasts. but at the moment, the weather is quiet. weather systems out at bay in the atlantic. there's a chance that this weather front will brush the north—west of the uk through the course of saturday. but this is what it looks like early hours of saturday, clear spells in many areas bar the odd local shower. temperatures, 15 celsus in london, around eight celsius in the lowlands of scotland. so here's that weather front, which will brush parts
1:27 am
of northern ireland and the western isles of scotland, just spits and spots of rain here and there. but i think through the afternoon, sunny spells will give way to showers in a few areas, perhaps the pennines, central england, in the south too. and saturday also sees the notting hill carnival or the return of the notting hill carnival since before covid. so, here, sunny spells in london and a small chance of a shower. 0nto the forecast for sunday, and again, anotherfine day, i think fine weather for most of northern ireland and the western isles of scotland as well. best temperatures, i think, in south—western parts of the uk, 25 celsius for cardiff, closer to the low twenties there on the north sea coast. now on monday, we are going to see this high pressure strengthening across the uk, and also around it, we'll develop quite a strong breeze blowing off the north sea, which will drag in some low cloud. so from the aberdeenshire coastline, the northeast, all the way to east anglia, possibly the kent coast, it may actually turn quite cloudy.
1:28 am
in this situation, coastal areas really will be quite chilly. the best of the weather will be out towards the west, and again, the highest temperatures here, perhaps around the mid 20s for cardiff. but if you are in scarborough, for example, it could only be 16 celsius with a keen breeze off the north sea. how about the week ahead? with high pressure in charge, the weather, again, is not looking bad at all. very little rain in the forecast with steady temperatures in the mid 20s in the south, the high teens in the north. have a great weekend.
1:29 am
1:30 am
this is bbc news. the headlines: the authorities in pakistan have issued emergency warnings of severe flooding in the north—west of the country, as the heaviest monsoon rains in decades continue. near the city of quetta, homes, railway tracks and road bridges have been washed away. the usjustice department has released the legal evidence used to justify the unprecedented search of donald trump's florida home. large parts of the affidavit were blacked out to protect witnesses and the integrity of the ongoing investigation. mr trump has called the operation a witch—hunt. stock markets in the us ended the week sharply down, following tough comments by the head of the central bank. the federal reserve chairman warned that controlling inflation was the key to combating the fastest rise

58 Views

info Stream Only

Uploaded by TV Archive on