the firestorm came through the banyan trees and ijust helped everybody i could along the way. virgin galactic is currently orbiting the earth with a former olympic athlete and mother and daughter on board. these are the latest pictures from the take—off of that flight. it is coming towards the latter stages, we will bring you more on that on the programme. bayern munich agreed a deal in principle with tottenham for their specific harry kane.

time for a look at the business news now with marc ashdown. hello, this is world business report, i'm marc ashdown. we start in the us, where the all important inflation data is just out. prices inched up injuly, but less than expected. the consumer price index, a key inflation figure, rose 3.2% compared to a year ago. it was running at 3% injune, so on the face of it, the pace of price rises has ticked up again. but the markets had expected a bigger increase, so could today's figure be good news? and could it be enough to persuade the federal reserve to leave interest rates unchanged next month? let's bring in our north america business correspondent michelle fleury. firstly, talk us through the reasons behind this uptick. inflation had been easing gradually, why has it gone up? some of this has to do with comparisons of where we were last

year and the way the data is compiled but some of it is things like rising housing costs and stuff like rising housing costs and stuff like that. i think broadly speaking if you talk to most economists, they think the economy, the world's largest economy continues to move in the debt right direction and if anything they are pretty optimistic after this report hoping that it means the federal reserve might not have to raise interest rates any further as it tries to team inflation because when you strip out things like food and energy costs which tend to be more volatile the underlying picture looks pretty good and that is why you are seeing traders on wall street reacting positively in the markets rose on the news. ,, . , , ., ., ., the news. quite a few bits of data, an hinu the news. quite a few bits of data, anything else _ the news. quite a few bits of data, anything else grabbing _ the news. quite a few bits of data, anything else grabbing you - the news. quite a few bits of data, anything else grabbing you that. the news. quite a few bits of data, | anything else grabbing you that will cheer investors? the anything else grabbing you that will cheer investors?— cheer investors? the underlying -icture cheer investors? the underlying icture is cheer investors? the underlying picture is that _ cheer investors? the underlying picture is that prices _ cheer investors? the underlying picture is that prices are - cheer investors? the underlying picture is that prices are doing l picture is that prices are doing pretty well computer where they were. still not back, things still

cost a bit more than what the fed would like to see. but when you job market and growth figures and data, it is moving in the right direction. i hate to keep saying that it is why people an interest rate hike have gone down. that was something that policymakers had left on the table, saying there might be another on the cards before the end of this year. now people say this data because that into question. fire now people say this data because that into question.— now people say this data because that into question. are we heading towards more _ that into question. are we heading towards more of _ that into question. are we heading towards more of an _ that into question. are we heading towards more of an expectation i that into question. are we heading i towards more of an expectation that this cycle will pause and that we are maybe done or possibly homeowners having to brace for the autumn? ., ,., .,, homeowners having to brace for the autumn? ., ., , ., autumn? some reason i lost a bit of our autumn? some reason i lost a bit of your sound — autumn? some reason i lost a bit of your sound but... _ autumn? some reason i lost a bit of your sound but... in _ autumn? some reason i lost a bit of your sound but... in terms - autumn? some reason i lost a bit of your sound but... in terms of - autumn? some reason i lost a bit of your sound but... in terms of the i your sound but... in terms of the curve are — your sound but... in terms of the curve are we _ your sound but... in terms of the curve are we expecting _ your sound but... in terms of the curve are we expecting this - your sound but... in terms of the | curve are we expecting this pause your sound but... in terms of the i curve are we expecting this pause or are we, do homeowners need to brace themselves for bad news potentially?

there is an expectation that maybe they will pause or that what markets and investors are hoping for as a result of this data. as for policymakers, they have said they are data dependent and will continue to study it and based on that this does look better. the thing for americans like now is that even though prices have been slowing down and beginning to cool, they still feel under pressure and so there is that sense if you look at credit card debt in america the new york federal reserve said it hit $1 trillion for the first time ever. that does spell some bad news, it dispels some pressure for consumers and i think that might give the federal reserve room if they wanted to hit pause and stop raising rates. as ever, thank you disney is raising prices and expanding adverts on its streaming service in a bid to try and revive the business. the entertainment giant has been struggling because of a drop

in revenue from tv ad sales. and blockbusters like the new indianjones film haven't exactly lit up the box office. earlier, i spoke with georg szalai who's the global business editor at the hollywood reporter and asked him more about what sorts of changes customers will see in the coming weeks and months. the company is trying to roll out its ad—supported package which is already open in the us but you will see that coming out in europe at the end of the year. november is going to be the big date there. so what you will see, if you are struggling to pay what you are currently being charged, you might want to downgrade but you know in return watch some ads. which is good for disney because it makes more money from those ad—supported packages. but at the same time, people are going to pay £3 more a month, starting later this year as well, because the company says we have been creating so much value people should pay more for what they currently have. disney also facing some obstacles, some big issues,

i'm thinking the hollywood writers and actor strike and also streaming now is a huge competitive business. just talk us through the factors at play here. yes, the company is battling on all fronts like a lot of companies in hollywood these days. what bob iger who returned to save the company late last year, he is trying to make more money from streaming by cutting costs on one hand side which might mean fewer new content pieces for fans of the company like some of the viewers. at the same time, getting more money from people who sign up with a streaming service and the ideas that may be in the next couple of years the company will finally make a profit. it's lost more than $10 billion over the last few years in streaming and a lot of other companies have been doing the same. and the writers strike is a big challenge and the actors strike as well. we might see content running out sooner or later for hollywood, so they really have to make peace here. of course the ceo had that investor call yesterday, it must have been a tricky one for him. did he have any good news to share?

he was trying to play the diplomacy card. he recently made a fairly aggressive comments that did not go over well with a lot of the labour units in the us so he tried to say, hey, i am personally committed, i am going to spend more time trying to figure things out and maybe reach out and hand an olive branch to the labour units so we will have to wait and see if he manages to do so by the end of the year. let's turn our attention to sri lanka now, because it's betting its future on tourism. the country was brought to its knees just a year ago by the worst economic crisis in its independent history. after a $3 billion bailout from the international monetary fund, the government is counting on tourist money to shore up its foreign currency revenue. ar—chana shukla reports. the tide has begun to turn in sri lanka. the pristine beaches here are again buzzing with surfers,

waiting to catch the perfect wave. in this town on the eastern coast of sri lanka, the peak of the economic crisis coincided with their main tourist season, hitting local businesses hard. and this surfing destination is still picking up the pieces. this surfing instructor is back to giving daily lessons to tourists, a respite from last year, when the economic crisis forced him into fishing to support his family. but he says a full recovery is still distant. due to the price change we are struggling a lot. we have to put the price up for the surf lessons and accommodation but still we pay quite a lot of money for the electricity bill and for other basic needs. crowded beaches and busy hotels are promising signs for sri lanka's tourist trade, its biggest foreign currency earner. tourism revenues are up 30% from last year.

when i came last year, there were few shops open and here was almost no people. to see now difference, it's amazing. so many new places have opened up and the businesses are coming back and many tourists are coming back. it's a good atmosphere now. some of the bigger players are more optimistic about navigating the recovery. the recovery so far - is quite magical for us. the emirates, the qatar, - the singapore airlines, air india — all these big carriers are coming. back and increasing their frequency to the country, along i with our national carier, to the country, along - with our national carrier, sri lankan. however, very high cost of borrowing and a migration of the country's skilled workers, from chefs to housekeeping staff, remains a major worry. i can't see a lot of— new developments happening, construction happening,

until the cost of- borrowing comes down. most of our chefs are now- in australia, new zealand, canada. so, our biggest losses were in the kitchen, . then we lost engineering staff, we lost financial staff. - many say the crisis has set the country back by five years, leaving behind significant gaps which will take some time to be filled again. here in the uk, brits are spending on last minute getaways in other news.... wilko, the uk high street homeware retailer, has collapsed into administration putting 12,000 jobs at risk. the chain has been unable to find emergency investment to save its 400 shops across the uk. the firm's boss, markjackson, said management had "left no stone unturned" in its attempts to save the business.

alabama reported its strongest growth in two years, a focus on low—cost product seems to be attracting customers. they posted revenue of $32 billion up 14% from the same period last year but that was hit by strict covid lockdown is. the shares are up 6%. around the world and across the uk, this is bbc news. keeping it clean, this is the clean eco—museum tent, a place to show off community projects that have been going on in preparation. these squares were knitted and crocheted by people in the area then decorated by local schools to celebrate place names, building excitement across the generations. it has been buzzing for months. everybody, you look around you when you travel

through and you will see all the artwork and the signs and banners and everything. it is a massive community event. they cheer in welsh. but welsh government says it is doing its bit to support with a core grant of £1 million and one—off grants of £1.75 million towards making the festival more inclusive, with free admission for low—income families. the sun was shining for one of the eisteddfod ceremonies this morning and the weather is due to keep improving. many of us here are hoping that wellies can stay in the car for a few days. you're live with bbc news. pack to those amazing pictures from the virgin galactic space flight which hasjust landed in new mexico. it blasted off 19 minutes ago and separated from the carrier plane. let me show you those, roughly at the altitude of 311,000 feet and

wanted separately will see. there it goes, the rockets boosting and then went for about one minute like this at quite extraordinary speeds. we heard about a little early at the g force on board for those passengers that takes them 85 kilometres above the earth right to the urge of earth and you just got a glimpse from inside unity showing the passengers and hopefully you will see when they get to 85 kilometres at the moment of weightlessness you will see them on from their seats and that weightlessness they have trained for but it is one of those really remarkable moments for the tourists,

the reason i am making this trip into space. and you see there as you get a sense they are of the earth that they can see, that is the moment i was describing, a thumb goes up and there they are. zero gravity and they begin to float around. it only lasts for a couple of minutes within that rocket ship but clearly they are loving every second as they tear out of the windows as well, it is that zero gravity chance to see the earth. and we heard our guests earlier talking about that moment that all astronauts talk about where they looked back at the earth, they see the curvature of the s, it is quite a sight and we saw those pictures are little earlier here and that is why they are there with their noses pressed to, that is exactly what i

was describing, the shot of what they can see obvious and then it has not been a huge amount of time at that altitude but it is come to an end with a landing here and every part of this operation has gone like clockwork, it started on time, and here we are about to have the wheels back on the ground after that 90 minute space flight. those three space tourist, a mother and daughter and an 80—year—old and we saw all of them in those picturesjust revelling, enjoying every moment of it. we know thatjon goodwin paid around a quarter of $1 million for his ticket back in 2005. he has parking but determined to make this trip. —— he has parkinson's. he has done it, the second person with parkinson's to make a trip like this and alongside her mother and daughter who won their tickets in a

competition but were absolutely telling the media over the last few days how much they were looking forward to it in terms of breaking barriers and they have completed that space flight as they come to a standstill there back in the new mexico desert. 90 minutes to the very edge of space. virgin galactic, that mission completed their and you can see the clapping, fists, they have really loved every minute. we will have more on that story here later on the programme. just take you through some of the pictures from the last 90 minutes. a state of emergency has been declared in ecuador after a candidate in this month's presidential election was shot dead outside a campaign event in the capital. the country's president suggested that organised crime was to blame for the killing, but says the election will go ahead as planned. this report, from frankie mccamley, contains some pictures of the attack.

holding a political rally in the capital, quito, fernando villavicencio vows to root out corruption and take a tougher approach to the growing number of gangs in the country. after he's led out, flanked by his security and helped into a car, dozens of gunshots are fired. gunshots. the presidential candidate is shot three times. in the building behind him, panic ensues. people desperate to find cover wherever they can. in the chaos, nine other people are injured, including two police officers. translation: i was behind my brother, and at that moment i it was like a glow—worm of bullets. i went to a bathroom vent, crawling. the shooting lasted so long. taken to a nearby hospital where the candidate was pronounced dead, protesters gathered overnight as one of the largest gangs in ecuador,

los lobos, claimed responsibility. it was only last week that the 59—year—old said he and his team had been threatened by a gang, which has raised questions about his protection. translation: this murder, - we don't understand where the police were, where the police protection was, knowing that fernando had danger of threats. with less than two weeks to the election, the country's president, who's not running for office again, has declared a state of emergency. translation: the armed forces from this moment are mobilized. throughout the country to guarantee the safety of citizens, _ the country, and the freel and democratic elections. despite being a relatively safe and stable country in latin america, crime in ecuador has been on the rise, driven by colombian and mexican drug cartels. and this is the third politician to be killed in recent months, fuelling concerns surrounding the safety of other candidates and the strength of the gangs.

police in the west midlands are treating — police in the west midlands are treating a — police in the west midlands are treating a fire _ police in the west midlands are treating a fire as _ police in the west midlands are treating a fire as arson. - police in the west midlands are treating a fire as arson. described as ieritain's _ treating a fire as arson. described as britain's longest _ treating a fire as arson. described as britain's longest pub _ treating a fire as arson. described as britain's longest pub was - treating a fire as arson. described. as britain's longest pub was largely destroyed and bulldozed which the local council says was unauthorised, unacceptable and possibly unlawful. what's left of the 250—year—old pub has now been searched by a specialist fire service dog that can sniff out accelerants used in arson. it's now a crime scene, with police confirming they believe the fire was started deliberately. this is what "britain's wonkiest pub" used to look like —

an 18th century landmark, famous for its leaning walls, that became a favourite with tourists and locals. people in the black country want answers. access was blocked to the fire brigade. we need answers as to why that happened and how the fire started and who started the fire and for what reason. and we also need answers on why they demolished what was left of the site. the crooked house pub caught fire late on saturday night. on monday, footage emerged of the remainder of the building being demolished. the local council says it didn't agree to this and are investigating if it was unlawful. police say they understand the shock and upset from local people, and are leading the criminal investigation. the bbc has approached the owners of the pub for comment but has not received a response. some historical organisations have called for it to be reconstructed. but others believe that's unrealistic and that this damage is too severe to pick up the pieces now. louisa pilbeam, bbc news.

the latest twists and turns on that story. northern ireland's chief constable, simon byrne, has said that dissident republicans claim to be in possession of details of thousands of officers and staff which were released online by mistake. he said that claim had not been verified. at a news conference alongside assistant chief constable chris todd, mr byrne said he was "deeply sorry" about the data breach and that a key priority was now remaining alert to officers' safety and welfare. i and the senior team apologise unreservedly for what has happened. you can only imagine the sort of inconceivable horror as people started to realise that maybe a loved one is being put injeopardy by what what they are seeing. i've personally spoken to officers and staff across the organisation, as you possibly have done yourselves, and realised that there are a range of emotions from people being somewhat pragmatic about...

"well, they already know who i am because i am a neighbourhood officer", through to people being anxious, frustrated and really angry. and we need to work carefully with the staff associations and trade unions to give that message of reassurance. and also, in due course, as things start to settle, to remind people that there is a valuable and valid career here and that we are taking steps to protect your personal information. let's speak to sinn fein'sjerry kelly. in terms of what you have heard from the chief constable, your reaction. to heard from the chief constable, your reaction. ., , , _, reaction. to put this in context it was a colossal _ reaction. to put this in context it was a colossal breach, _ reaction. to put this in context it was a colossal breach, this - reaction. to put this in context it was a colossal breach, this is - reaction. to put this in context it| was a colossal breach, this is the full extent of the psni personnel, up full extent of the psni personnel, up to 10,000 police officers and civilian staff. the threat came in

or word of the possible threat came in as we were in the meeting and it is a claim which is on whatsapp and these are dissidents, there has been an attack in the last few months on an attack in the last few months on a detective chief inspectorjohn caldwell, trying to murder him so it has to be taken seriously, very seriously but to see this as an organisation, one ones involved will also use the fact that they use the leak which was not deliberate, it was human error as well as a systemic and they would use that as another way of threat. the police have to take this as at least a potential or a potential threat and as we were in the meeting of senior was in touch with every member of the police service to bring this bad

news on top of other bad news obviously when the breach happened would did not give any addresses, it could be more easily, easy for these dissidents and others to pick out, to find out where the people lived. so it is... in to find out where the people lived. so it is... , ., to find out where the people lived. so it is..._ its- so it is... in terms of... its magnitude- _ so it is... in terms of... its magnitude. in _ so it is... in terms of... its magnitude. in terms - so it is... in terms of... its magnitude. in terms of - so it is... in terms of... its - magnitude. in terms of safeguarding officers was there _ magnitude. in terms of safeguarding officers was there any _ magnitude. in terms of safeguarding officers was there any detail - magnitude. in terms of safeguarding officers was there any detail about . officers was there any detail about how that might be done over the coming weeks and months? figs how that might be done over the coming weeks and months? as the chief constable _ coming weeks and months? as the chief constable had _ coming weeks and months? as the chief constable had part _ coming weeks and months? as the chief constable had part of - coming weeks and months? as the chief constable had part of that - chief constable had part of that there, they all have to be dealt with, some officers would know their names and things like that, they are in the community, they know them etc and on the other hand if you are working in surveillance or undercover work, then you would not want anybody to know so... however

the occupational health if you like, the occupational health if you like, the duty of care, i cannot see that they were prepared for such a magnitude which affects in one way or another every member of the service. therefore they set up a group and will have to bring another group and will have to bring another group to do that and work their way through it. when they started that, the claim they immediately went back to everyone and so they can take the questions and they will work their way in that. the capacity to actually do something as big as this and that is what they need to do and thatis and that is what they need to do and that is what the emphasise they should do. hate that is what the emphasise they should do. ~ ., ., that is what the emphasise they should do-_ that is what the emphasise they should do. ~ ., ., ., , should do. we are out of time but thank ou should do. we are out of time but thank you for— should do. we are out of time but thank you for your _ should do. we are out of time but thank you for your time _ should do. we are out of time but thank you for your time speaking | thank you for your time speaking about this. we will have more in a

moment. for many parts of the uk, it feels as though summer has made a return. the warmest weather we've seen for some time but it may not last all that long because on the satellite picture we can see this stripe of cloud out to the west, a weather front that will bring something of a change. ahead of that, a feed of southerly winds and some warm air spreading across the uk. feeling quite humid actually in places. while we will continue to see some spells of sunshine, there are some quite large areas of cloud around and one or two showers breaking out. some across wales, some parts of england, more cloud generally rolling into northern ireland with a strengthening breeze. but in the best of the sunshine, highs of 27 or 28 degrees. i mentioned that weather front out to the west, that is going to make its move as we head through this evening and tonight, bringing some outbreaks of potentially heavy and thundery rain across northern ireland, up across scotland. some patchy rain into northern england, not very much rain further south but a fair amount of cloud on what will be a pretty

warm and muggy night. 16 or 17 degrees the low for some of us. here is our weather front moving its way eastwards, lingering in the north of scotland, quite a soggy day to come across parts of the northern isles. then it's a mixture of sunny spells and showers. some of the showers will be on the heavy side. could see more generally cloudy weather clinging on across the south—east corner. still quite warm across parts of eastern england but turning cooler and eventually a little bit fresher from the west. then we head into the weekend with this area of low pressure quite close by. this is going to bring some showers or some longer spells of rain, particularly across the north and the rest of the uk. on saturday, outbreaks of heavy rain at times across scotland, northern ireland, northern england, parts of wales. further south and east, not as many showers, more in the way of sunshine and still some relative warmth, 2a degrees in norwich. cooler and quite breezy further north and west and then as we head into sunday, again it is a story of sunny

spells and showers. some of the showers heavy, possibly thundery but not as many down towards the south and east. temperatures north to south, around 18 to 22 degrees. as we head into next week, we will continue to see some showers at times. but there are some signs that things might start to warm up again towards the end of the week.

live from london. this is bbc news. emergency services continue to battle wildfires as they tear through the hawaiian island of maui, 36 people have died and many others talk

about terrifying escapes. the firestorm came through, it took everything with it. ijust ran out to the beach, and i ran south, and ijust helped anybody i could along the way. virgin galactic — is back on the ground after a successful first space flight for paying customers. the craft orbited earth with a former olympic athlete — and a mother and daughter on board. northern ireland's chief constable says dissident republicans claim to be in possession of details of thousands of officers and staff — accidentally released online. and in football transfer news — bayern munich agree a deal �*in principle' with tottenham — for striker, harry kane.

hello, i'm matthew amroliwala, welcome to verified live, three hours of breaking stories, and checking out