. -- dowjones. let's no november 2020. -- dowjones. let's go to _ november 2020. -- dowjones. washington now to speak to our north america correspondent david willis. bankers may describe this as frothy but it is much more serious than that, the third straight fall in two weeks? and everything to do with inflation, resulting in large part from russia's invasion to ukraine, pushing up energy prices, affecting the bigger coronary of europe, germany and others as well. resulting from that, rises in consumer goods in the shops, which is worrying a lot of the chairman of the central banks around the world, including the federal reserve, whose chairman, jerome powell, this week announced another rising interest rates to try and cool down of the economy and cool down of the economy and bring down prices. the fear though is that in cooling down the economy it could be pushed into recession, and fears of a global recession are speaking the financial markets right now. the dowjones closed today down i.6%, its lowest point this year, and as far as the prospects of a global recession are

oil prices slumped on friday, the pound crashed against the dollar, and wall street's dowjones indexest level since november 2020. earlier, i spoke to our north america correspondent david willis. this has everything to do with inflation, resulting in large part from russia's invasion of ukraine, pushing up energy prices, affecting the bigger economies of europe, germany and others as well. now, resulting from that, rises in consumer goods in the shops, which is worrying a lot of the chairmen of the central banks around the world, including the federal reserve, whose chairman, jerome powell, this week announced another rise in interest rates in an attempt to try and cool down of the economy and bring down prices. the fear, though, is that in cooling down the economy, it could be pushed into recession, and fears of a global recession are spooking the financial markets right now. so, the dowjones closed today down 1.6%, its lowest point this year, and as far as the prospects of a global recession are concerned, analysts at one of the main american banks, the investment bank goldman sac

oil prices slumped on friday, and wall street's dowjones index fell to its lowest level since novembertion, resulting in large part from russia's invasion of ukraine, pushing up energy prices and the effects the economies of europe. resulting from that, rises in consumer goods, in the shops, and that's worrying a lot of the chairman of the federal central banks around the world, including the federal reserve, whose chairman this week announced another rise in interest rates in an attempt to cool down the economy and bring down prices. the fear, though, is that in killing down the economy it could be pushed into recession, —— cooling down. it is fears of a global recession that this book in global markets. down 1.6% today, the lowest this year. as far as the prospects of a global recession are concerned, analysts said one of the main american banks goldman sachs are focusing today a recession is not only inevitable, the question they said it'sjust only inevitable, the question they said it's just the timing, the magnitude or the length of such a global recession. a search for survivors

and so the dowjones closed today, down 1.6%. that's its lowest point this year.ion are concerned, analysts at one of the main american banks, the investment bank goldman sachs, were forecasting today that a recession is not only inevitable, the question, they said, is just the timing, the magnitude or the length of such a global recession. the headlines on bbc news... well powers condemn the self—styled referendum is being held in parts of ukraine on whether to join russia. britain's chancellor defences tax cuts aimed at boosting economic growth saying they are fair for all. some markets around the world have fallen amid growing fears of a global recession. back to our story on ukraine. ukrainian mp for 0desa 0leksiy goncharenkojoins me now. voting is under way in these four regions of ukraine, whether they should join russia. what is your reaction, what are you hearing about this referendum is being held right now, do they seem fair and open to you? now, do they seem fair and open to ou? , ., . ., 4' now, do they seem fair and open to ou? , ., ., ., ~ ., you? fi

the dowjones industrial average and the s&p 500 both shed i.7%.r three quarters of a percentage point to its highest level in ia years, and signalled more monetary tightening ahead as it combats inflation. several people have reportedly been killed in iran and authorities restricted access to the internet as protests continued for a fifth day over the death of a woman while in custody. mahsa amini was arrested by the morality police last week, accused of not wearing a headscarf. demonstrations have been reported in more than 50 cities, since the funeral with some women burning their headscarves and cutting their hair in public. the new york attorney general has announced she is suing former president donald trump, three of his children and his real estate business, the trump 0rganization. letitia james said a three—year investigation showed that mr trump's business repeatedly used false statements to get banks to lend them money on favourable terms. 0ur north america correspondent nada tawfikjoins me now live from new york. great to get you on the