and i'm currently smitten live in boston, where we are waiting a press conference with more information about that debris field —— carl nasman in boston. the bank of england becomes the latest central bank to raise interest rates, the highest for 15 years, to 5%. and ukraine's president zelensky says russian forces are considering launching a terror attack on the russian—controlled zaporizhzhia nuclear plant — a claim denied by the kremlin. we will be talking to the former ukrainian president. hello, i'm yalda hakim. welcome to the daily global, where we will bring you the top stories from around the world. the us coast guard says debris has been found in the search for the submersible which went missing in the north atlantic on sunday. five people were on board. the debris was found

by a remotely operated vehicle deployed in the search. the bbc has been told that the debris includes parts of the missing sub. the submersible was about 435 miles south of stjohn�*s, newfoundland, on a voyage to the wreck of the titanic off the coast of canada, when it lost contact. its exact whereabouts and the condition of the five crew onboard are unknown. with rescuers in a race against time to find the sub, it's thought that the on board oxygen supply may have run out. more ships are now in the area helping with the search. let's just run through what's been happening over the last few hours. two deepwater remotely operated vehicles have been scanning the sea floor. the us coast guard said on social media a submersible attached to the canadian vessel horizon arctic had reached the sea bed. another one, operated from the french research vessel atalante, has also been deployed. another remotely operated vehicle is on its way from jersey in the channel islands and is due to arrive later today.

the rov, called juliet, scanned the titanic wreck last summer. it spent 200 hours surveying the site, producing remarkable 3d scans of the wreck and its debris field. a teenager trapped on the missing titan submersible is a student in glasgow. suleman dawood, 19, is onboard the vessel with his father shahzada dawood, as well as three others. let's go straight to boston and our news correspondent carl nasman for more on the story. we have had some information, as i said, on the debris field. just bring us up—to—date on what we know. sure, let mejust bring us up—to—date on what we know. sure, let me just protect the scene. we are in boston. this is where the us coast guard has been correlating all of these international operations, really since sunday, when we first lost contact with titan, that vessel. we are expecting a news conference to take place shortly at the top of the next hour, 3pm local time, and that is when we

hope you can more details about what has exactly been found in the area around the titanic wreck site. so much international media interest in the story. we have crews to my left and right from all kind of different countries, but now the reaction coming from everybody here is, we had that hope yesterday and it seems like much less hope today, in terms of finding people alive. a debris field has been found. this again is an area where we originally believed that vessel to be, as it was descending to take a look at the ship wreck of the titanic, and now what we have learned, as you said, is coming from a group of experienced seafarers and deep—sea divers, the explorers club, and they have seem to have been really plugged into this investigation, this search and rescue operation, from the very beginning. many of them are friends with people actually on full survey say that included in that debris field, which was confirmed in a tweet earlier by the us coast guard, this information just coming from them, and it says that parts of the titan submersible

have been found in that debris field. they include the landing frame in the rear cover. if you can picture, and we haven't seen video and images of this vessel throughout the last few days, that landing frame would be a part on the bottom of the vessel and the rear cover would be at the back, and finding those two pieces according to experts, according to scientists and to those that are very experienced in this field, they say that that would at least indicate for now a catastrophic failure of the vessel. yet. as you say, in the last four days, there has been a lot of discussion around kind of scenarios, in this scenario really was right up there. as you say, we're still waiting for the officials to let know more information, but the bbc has received this information about this debris, the latest, and the fact that it does include parts of that subt. this isjust fact that it does include parts of that subt. this is just a fact that it does include parts of that subt. this isjust a really bleak situation, because of course

there was hope against hope, wasn't there, and again we have not heard there, and again we have not heard the official situation here on the bbc, but there was hope from the families, from the international media there, that these other scenarios, perhaps they were still waiting to find them, but that were running out of oxygen, it was a race against time. these were the other scenarios that were being explored. we have heard, since sunday, when these operations here were set up, and we began getting these briefings from the coastguard, there were the scenarios floating around and there were about three of them, and one would've been that the submersible might have just come up to the surface on its own. we know that it was built and designed with several ways to come back up to the surface in case of loss of communications, communication incidents happen brutally with those —— happen previously with this vessel. in those cases it came back

up. this time has not happen. a second scenario was a potential that the vessel was trapped. underneath the vessel was trapped. underneath the water, maybe entangled in the net, in the wreckage of the titanic itself. the third scenario experts were examining was that potentially, given that this is an expert mental vessel, that it has not been approved by some of the outside bodies that other submersibles often go through, there could've been a failure, there could have been some sort of leak or some sort of pillar of the hull itself and i would've led to a catastrophic implosion for the hearing from experts earlier today, they say that in that case, the five people known to be on board, he likely would've been instantaneous for them, many people saying if that is the silver lining that there would have been very little suffering in that case, but this is the third scenario and certainly one people were not looking for. we are waiting for that press conference coming up at 3pm and this will be led by the rear

admiral who has been at the forefront of this investigation from the very beginning. we ashley have not heard from him for many days, so it is interesting and notable that he will be leading this press conference —— actually have not heard. it should be taking place where we are at the us coast guard headquarters. they have been correlating this investigation and very clear with their key medications, so we will be waiting for that 3pm presser to understand more and get that confirmation and understand what nabian that debris field —— may be in. we understand what nabian that debris field -- may be in.— field -- may be in. we are still waitin: , field -- may be in. we are still waiting. but — field -- may be in. we are still waiting, but our— field -- may be in. we are stillj waiting, but our correspondent field -- may be in. we are still- waiting, but our correspondent john waiting, but our correspondentjohn sudworth has an overview of the developments and what has been happening. let'sjust have developments and what has been happening. let's just have a look. the search effort is intensifying, even as it becomes increasingly desperate, with the lost sub now well beyond the limit of its estimated air supply. and with confirmation that underwater robots have reached the sea floor, the us coast guard says it's evaluating the discovery of a debris

field close to the wreck of the titanic. for the first time, the bbc has heard from a co—founder of the company that owns this sub, asked whether there could have been a catastrophic failure. i can't speculate on what's going on currently, right now. what i do know is, regardless of the sub, when you're operating at depths like 3,800 metres down, the pressure is so great on any sub that if there is a failure, it would be an instantaneous implosion. and so if that's what happened, that's what would have happened four days ago. this video, shot by a mexican youtuber, shows the titan being launched on an earlier dive to the titanic, more than 3,000 metres below sea—level. 3,000! the footage, from last year, shows the sub temporarily losing communications.

and here on the left, paul—henri nargeolet, the former french navy diver missing on board the current mission. now also carrying three british passengers, the billionaire explorer hamish harding and businessman shahzada dawood and his teenage son suleman, questions are being asked about the safety of the craft. let's be straight, it's not looking good. 0xygen�*s obviously very low. it's notjust oxygen, because here's another safety issue — it can only be opened from the outside. so if it surfaced, they're still going to have oxygen problems. but still, more help is on the way. after technical difficulties loading a british underwater robot on to this us plane, it'll now go on a later flight. but at these depths around this iconic wreck and in pitch darkness, no—one's ever been in any doubt — the odds have always been stacked

against the possibility of a rescue. that wasjohn that was john sudworth with that report. let's go back to carl, who joins us from boston. moderately that report for this latest information about the debris and the bbc learning, we are being told the debris found in the search area of the missing titanic includes parts of the underwater craft. as that information has trickled into where you are, just give us a sense of the mood of what is going on there. it was an immediate mood shift. we first got that tweet a few hours ago, and immediately the media here sprung into action. you could feel a different amount of energy, because it has been an interesting scenario here. you have had on the one hand the time pressures here, we all knew that this vessel was equipped for about 96 hours, of oxygen, onboard,

and yet we only had to be patient and yet we only had to be patient and we had to wait to try and find out the details that were coming in. it is a remote site, is about 900 miles off the coast of the united states, so there was very little information coming in except for just yesterday, when we heard news that might have been some noises picked up underneath the ocean. but whenever there is news, and this certainly was big news today, you could just tell there was already immediate sense that could be something. we've also been accustomed to getting these press, just coming in at about 1pm local time, and when we heard this press conference would be held at about 3pm, there was some speculation, maybe there are more details here to come, maybe this is an important update, and now everyone be circling around that press conference as we wait for that to begin in less than an hour, but the world's media truly is here. this is where these operations are being coordinated in this massive, international search and rescue operation, and this potentially could be a very big update indeed.—

potentially could be a very big update indeed. potentially could be a very big udate indeed. . . ., update indeed. thanks so much for writin: is update indeed. thanks so much for writing is up _ update indeed. thanks so much for writing is up to _ update indeed. thanks so much for writing is up to date _ update indeed. thanks so much for writing is up to date there, - update indeed. thanks so much for writing is up to date there, and - update indeed. thanks so much for writing is up to date there, and as| writing is up to date there, and as you say, we waiting for that press comfort and about 50 minutes' time —— for bringing us up to date. we will be bringing it to you, our audience, here on bbc news. now for the rest of the day's news. here in the uk, the bank of england has become the latest central bank to raise interest rates. the bank raised the base rate by half a percentage point to 5%. that's a bigger change than was anticipated and the highest rate for 15 years. it means higher monthly mortgage payments for about one and a half million people and will also raise the cost of other borrowing. the bank of england, like many central banks around the world, is trying to curb soaring prices for consumers and bring down inflation. we're joined by sushil wadhwani. he's a former member of the bank of england's monetary policy committee and a current adviser to the chancellor, jeremy hunt. thank you so much forjoining us, mr wadhwani, on your programme —— on the programme. just your reaction to this interest rate hike? i the programme. just your reaction to

this interest rate hike?— this interest rate hike? i welcome it. ithinkthe — this interest rate hike? i welcome it. i think the principal— this interest rate hike? i welcome it. i think the principal they - it. i think the principal they utilised was a stitch in time saves nine. it was very important for them to get ahead of market expectations, and essentially create a cycle of wages chasing prices higher, and demonstrating their resolve, i think this was a good move, and at least the initial market reaction has been an encouraging one, in that if you look further out, longer—term yields, for example, ten year yields, for example, ten year yields, actually fell on the day. they are going to be many people in this country you're going to feel the pinch of this. it is much more than anticipated?— the pinch of this. it is much more than anticipated? yes. and that is regrettable. _ than anticipated? yes. and that is regrettable, but _ than anticipated? yes. and that is regrettable, but think _ than anticipated? yes. and that is regrettable, but think about - than anticipated? yes. and that is regrettable, but think about it - than anticipated? yes. and that is| regrettable, but think about it like a medicine, where if you take a more aggressive dose of medicine today,

you forestall the need for taking even more of it later on, and there by you avoid even nastier side effects at a later stage. [30 by you avoid even nastier side effects at a later stage. do you think this will _ effects at a later stage. do you think this will be, _ effects at a later stage. do you think this will be, this - effects at a later stage. do you think this will be, this is - effects at a later stage. do you think this will be, this is the i effects at a later stage. do you | think this will be, this is the end of it? ., ., ~' think this will be, this is the end of it? ., ., ~ , ., ., of it? oh, no, no. ithink it is too earl to of it? oh, no, no. ithink it is too early to assess, _ of it? oh, no, no. ithink it is too early to assess, but _ of it? oh, no, no. ithink it is too early to assess, but i _ of it? oh, no, no. ithink it is too early to assess, but i think- early to assess, but i think this could represent the beginning of the end, and it is a much better move than another 25 point move with no commitment to what happens beyond. remember that pipeline inflation pressures are diminishing anyway. if you look at producer prices, rather than consumer prices, they have been coming down quite nicely, and with some appropriate time lag, you would expect consumer prices to follow. so i think ahead of the curve at this point was very sensible, and arguably they should have done that

sooner. ~ , ., , ., ~ arguably they should have done that sooner. ~ , ., ,, ~ , arguably they should have done that sooner. ~ , ., ~ , ., , sooner. why do you think it is worse in this country _ sooner. why do you think it is worse in this country than _ sooner. why do you think it is worse in this country than it _ sooner. why do you think it is worse in this country than it is _ sooner. why do you think it is worse in this country than it is in, - sooner. why do you think it is worse in this country than it is in, say, - in this country than it is in, say, the euro zone or the us? 50. in this country than it is in, say, the euro zone or the us?- in this country than it is in, say, the euro zone or the us? so, i think there are these _ the euro zone or the us? so, i think there are these two _ the euro zone or the us? so, i think there are these two reasons. - the euro zone or the us? so, i think there are these two reasons. one i the euro zone or the us? so, i think there are these two reasons. one is| there are these two reasons. one is we have had more labour market difficulties than elsewhere, and thatis difficulties than elsewhere, and that is related to us losing workers who either took early retirement during the pandemic or due to long—term sickness, and our numbers in both those categories are much worse than elsewhere. any second reason is brexit. what brexit has done is, obviously, it restricted the supply of workers of the introduced investment, and therefore brought down productive capacity, and thirdly, it increased import prices. so if you put the supply—side factors together, it is essentially making our inflation problem much more challenging than

it might have been. qm. problem much more challenging than it might have been.— it might have been. 0k, mr sushil wadhwani, _ it might have been. 0k, mr sushil wadhwani, thank _ it might have been. 0k, mr sushil wadhwani, thank you _ it might have been. 0k, mr sushil wadhwani, thank you very - it might have been. 0k, mr sushil wadhwani, thank you very much l it might have been. 0k, mr sushil. wadhwani, thank you very much for joining us here on the programme. thank you. around the world and across the uk, this is bbc news. bbc news, bring you different stories from across the uk. the county durham community, replete with pubs, caf s, shops, but what this town no longer has is a bank for stub barclays this town no longer has is a bank for stub ba rclays was this town no longer has is a bank for stub barclays was the last branch open here, until they closed in april, and that has made local people and businesses very angry. there's a lot of people still don't have online banking, like myself. i don't. . have online banking, like myself. i don't. barclays says the closure was a response — don't. barclays says the closure was a response to _ don't. barclays says the closure was a response to change _ don't. barclays says the closure was a response to change to _ don't. barclays says the closure was a response to change to customer. a response to change to customer behaviour, with fewer people rely on a branch, more banking online stub so with many other banks closed or closing, is this part of the answer, a banking hub? if closing, is this part of the answer, a banking hub?— a banking hub? if you cannot use online banking, _ a banking hub? if you cannot use online banking, debt— a banking hub? if you cannot use online banking, debt service - a banking hub? if you cannot use online banking, debt service is i online banking, debt service is really— online banking, debt service is really important, particularly liked communities like this, where there a lots of— communities like this, where there a

lots of people that we know that use cash and _ lots of people that we know that use cash and don't use internet banking. but with_ cash and don't use internet banking. but with so— cash and don't use internet banking. but with so many branches shutting up but with so many branches shutting up shop, many are still left feeling short—changed. for more stories from across the uk, head to the bbc news website. you're live with bbc news. of course, we are following the developments with that missing submersible. we have been reporting to you, in the last hour or so, that the us coast guard says a debris field was discovered within the search area by and are 0vi, near the titanic, and in the last half an hour or so, the bbc has been told that the debris found in the search area of the missing titanic submersible includes parts of the underwater kraft —— an rov. we are following the story very closely, we're also waiting for press comforts and about 45 minutes' time. they will bring us up—to—date with

that developing situation, so do stay with bbc news. let's go to the rest of the day's news. to ukraine now, and president zelensky says ukrainian intelligence believes russia is considering carrying out a terrorist act at the occupied zaporizhzhia nuclear plant, involving the release of radiation. fears for the safety of the power plant have been exacerbated by the destruction of the kakhovka dam, which provided cooling water for the plant. president zelensky said details were being passed onto allies and the relevant international bodies. the kremlin spokesman, dmitry peskov, dismissed mr zelensky�*s claim. meanwhile, world and business leaders have been in london over the last two days, discussing ways the international community can help with the country's reconstruction, even as russia's war rages on. and there's a lot to rebuild. cities, towns and villages have been dessimated, roads, bridges and hospitals blown up. and earlier this month, the kakhovka dam in the russian—controlled area of southern ukraine has been destroyed, unleashing a flood, causing millions of pounds of damage to the environment.

one of those at the conference was the former ukrainian president petro poronshenko. he's just returned to ukraine. hejoined us now live from he joined us now live from you hejoined us now live from you can. thank you so much forjoining us here on the programme. you were just in london, you've arrived back in your country, butjust tell us a little bit about this recovery conference and what came out of it. first of all, i want to think great britain, your government, prime minister sunak, for the great hospitality and fantastic organisation of the conference —— i want to thank. because of you, today and yesterday, the whole world speaks about ukraine, things about ukraine and ruining russian ek dictation. this is... the great speech of the day of the conference, the president, which not only gives the

opportunity for the financial support made by the european union but also to open the door again for ukrainian future membership in the european union... d0 ukrainian future membership in the european union...— ukrainian future membership in the european union... do you think it is premature. — european union... do you think it is premature. given — european union... do you think it is premature, given that _ european union... do you think it is premature, given that the - european union. .. do you think it is premature, given that the war- premature, given that the war continues, to be at the stage talking about reconstruction of ukraine? ., �* , .,~ , ukraine? no. because we need to keep the liuht ukraine? no. because we need to keep the li . ht at ukraine? no. because we need to keep the light at the — ukraine? no. because we need to keep the light at the end _ ukraine? no. because we need to keep the light at the end of _ ukraine? no. because we need to keep the light at the end of the _ ukraine? no. because we need to keep the light at the end of the tunnel. - the light at the end of the tunnel. now we need to concentrate everything to support ukrainian armed forces, but war is not the reason to provide the reform, and with that situation, reform of the building of civil society, fighting for democracy, for freedom, building of civil society, fighting for democracy, forfreedom, a lot of reform for the public sector, rule of law, independent court, the activity of the anti—corruption infrastructure and many, many others, was the same key issue as

the security. with that situation, it is extremely important that we have a great condition for all the financial package. we should move the country to the european union, to the democracy. this is the sense why ukrainian people protect the country from the russian aggression... country from the russian aggression. . ._ country from the russian - aggression. . .- investment, i aggression... jus. .. investment, i think that — aggression... jus. .. investment, i think that was _ aggression... jus. .. investment, i think that was a _ aggression... jus. .. investment, i think that was a prominent - think that was a prominent discussion.— think that was a prominent discussion. �* ., , ,. , , ., discussion. and was there discussion around corruption? _ discussion. and was there discussion around corruption? because - discussion. and was there discussion around corruption? because i- discussion. and was there discussion around corruption? because i spoke| around corruption? because i spoke to president zelensky yesterday, and he said that one of the things he wants to deal with and tackle within ukraine is the problem of corruption.— ukraine is the problem of corrution. ., ., , ., corruption. that was a seminal messa . e corruption. that was a seminal message from _ corruption. that was a seminal message from the _ corruption. that was a seminal message from the top - corruption. that was a seminal i message from the top participant corruption. that was a seminal - message from the top participant of the conference, including the german foreign minister. they said that if we do not demonstrate effective

achievement of the anti—corruption structure, fight it, the door to european union, torture nature be closed, and with that situation would be decisive. return back the electronic decoration... turn back the responsibility, we should effectively demonstrate ) c and accountability. we must show that every penny is paid by the western taxpayers is used exactly in the most efficient way —— we should effectively demonstrate transparency. 0therwise effectively demonstrate transparency. otherwise we do not have this support. this is our form of cooperation. fine have this support. this is our form of cooperation.— of cooperation. one of the other thins of cooperation. one of the other things president _ of cooperation. one of the other things president zelensky - of cooperation. one of the other things president zelensky said i of cooperation. one of the other| things president zelensky said to of cooperation. one of the other - things president zelensky said to me yesterday, president poronshenko, is that the gains of the counteroffensive so far are slower

and smaller than is desired. can you give us an update on how things are going with the counteroffensive? first of all, you can compare the russian counteroffensive in december, standing in front of bakhmut, andy two weeks counteroffensive operations now —— and the two weeks of ukrainian counteroffensive. we've already taken the seven villages and go up to eight km ahead. and this isjust the beginning. this isjust the reconnaissance by fire. this is defining what is the most promising direction of ukrainian attack, and we have a fantastic general, and all our experienced general, don't inspect big result. don't expect it,

to be disappointed. this is not a movie, hollywood or ukrainian, this is very, very heavy fighting. but i am absolute confident about the future success of ukrainian armed forces, which was created by... since the year 2014. please keep going with support. this victory, this success, cannot happen without f-165, this success, cannot happen without f—16s, without air defence, without the electronic warfare system, without the sanctions, by the way, an executive yesterday the european union adopted the 11th package of the sanctions, and we have another very important thing. not less important than the offensive on the south and east of ukraine. we have an advance which happened in vilnius, this is the nato summit, so please, this is important.

membership about the future membership of ukraine in nato. without that, it will be no peace, no victory, no sustainable. president petro poronshenko, thank you forjoining us on the programme for that was the former ukrainian president there. we will be following the breaking and everything story there on the submersible, the missing submersible. the bbc has been told the debris found in the search area of the missing titanic submersible includes parts of the underwater craft. we are following the story very closely. we will be bringing you more updates from our correspondents on the ground, both in the united states and here in london. hello there. it's going to be heating up over the next few days and turning much more humid as well. now, today, we've had a few heavy and thundery showers

across england and wales. those will fade away. if we look out in the atlantic, though, this cloud is going to be coming in, and that will bring with it some outbreaks of rain eventually later in the night across northern ireland, heading over the irish sea and affecting western scotland by the morning. and ahead of that, it's going to be quite a warm night as it becomes dry in other areas, but there are some warmer and more humid nights to come, more uncomfortable nights to come, over the weekend. as we head into friday, though, this rain in northern ireland replaced by some heavy showers, patchy rain runs across scotland, affects the north—west of england and across wales. but towards the south—east, many areas, i think, here will be dry. this is where we'll see the best of the sunshine developing and it's going to be very warm again. temperatures easily into the mid 20s. cooler further north and west, where we've got the cloud and chance of some rain. a bit misty over the hills as well. some of that cloud will be pushing its way down into trent bridge for day two of the women's ashes. but it should stay dry and there will be a bit of sunshine at times — maybe not quite as warm as it was today, mind you.

by the time we get to saturday, most of the rain will have gone. we're left with a lot of cloud. there'll be a few showers, mainly running northwards across scotland. we should see the cloud thinning and breaking. more sunshine coming through. that's going to give the temperatures a boost as well. getting into the mid 20s for scotland and northern ireland, could be close to 30 degrees in the south—east of england. not only are temperatures rising, it's getting more humid. it could be a little uncomfortable if you're going to be sleeping in a tent over the next few nights, but it should be dry until sunday, i think, at glastonbury, where we could see some showers in the afternoon. but that heat and humidity is building ahead of some weather fronts that will bring some rain, that humid air coming in from continental europe. but this weather front here is going to change things during the second half of the weekend, in time for next week. we're looking at heavy, thundery rain for northern ireland. that �*ll push its way into western scotland, across wales, into western parts of england. eastern areas still dry until later in the day. this is where it's still very warm, hot and humid as well, but to the west, things will be turning cooler and fresher

as the rain comes in, and particularly after the rain. that rain will have swept through overnight. and then we're into something more unsettled for next week. showers never too far away and things are going to be a little cooler.

this is bbc news, the headlines. the bbc has been told the debris found in the search area of the

missing tended and tenex found in the search area of the the us coastguard says debris has been found in the search