i'm tom mackenzie in london.asa late seeing full-year organic revenue growth of seven to 8%, raising their outlook for organic revenue growth. in terms of the margins, four year underlying trading operating margins of 17%, in line with estimates. when it comes to first-half numbers, organic revenue numbers were a beat as well, an increase of 8.1%, the estimates were an increase of 7.3%. a beat on the first half in organic revenue, and a beat on pricing as well. a reminder that some of these big producer companies are able to pass on higher prices. they raise their pricing, organic revenue is a beat in the first half and they have raise their outlook for the full year organic revenue 7-8%. nestle appearing to steer the ship smoothly through this higher price environment at least for now. jerome powell said the federal reserve will press on with tightening to curb inflation while giving in -- officials flexibility. joining me now is the chief economist at payden & rygel. good morning and thank you for joining us, w

. >>> we want to bring in clay and mackenzie nichols now. their home was damaged in the flooding and they are nearby in a car. clay and mackenzie, i know you were having an issue hearing me earlier, i just want to make sure we're loud and clear. how are you doing this morning? >> yes, we can hear you. for the situation, you know, we're doing the best we can. first off i want to say our thoughts and prayers are with our family, our friends, and our community. this is an absolute devastating, completely -- just a devastating event. we're in a car. there's trees been cut off our house currently. i hope everybody can hear us loud and clear. >> we can. tell us about your community and what you experienced, what you went through when you realized you might have been in danger. >> so, you know, thursday morning when this happened, we woke up to a terribly loud banging sound on what we thought was someone knocking at door. the mountain behind our house had slid off, and it was rocks and boulders crashing into the house. so we got out of there quickl

cnbc.com technology reporter mackenzie sigalos is joining us with more. mac, how more of a chilling effect for the crypto winter >> that's a huge concern celsius filing for bankruptcy wasn't a surprise once a platform suspend withdrawals and freezing crypto cash, it ty typically was all over celsius was once one of the largest players in crypto lending. $8 billion in loans to clients and $12 billion in assets to market a lot of mom and pops were wrapped up celsius at 1.7 million customers as of last month the reason the platform captured so many users is because of the unbelievable returns interest bearing accounts were attractive yields as high as 17%. refere returns like that are not real we know one lawsuit where celsius is accused of functioning like a ponzi scheme. dom. >> mackenzie, we are seeing 3ac that is one you hear a crypto hedge fund that used to be a major one it is filing for bankruptcy. that has had a knock on for crypto users 3ac. that has been the bigger influence on confidence in crypto >> it seems all roads lead back to three arrows ca

i'm tom mackenzie. adding fuel to the fire. russia's gazprom plans to reduce gas flows to germany as european energy ministers gather to discuss contingency plans. alibaba will open its doors to mainland chinese investors by seeking a primary listing in hong kong. alibaba and soft bancshares surge. ubs second-quarter profit misses amid outflows of $12 billion. we will speak to the ceo this morning. we will recap with you those numbers. ubs, and disappointment to the swiss lender and a preview, a gauge of what to expect from the earnings from the european banking space. second-quarter net income coming in for ubs at -- estimates were $2.44 billion. the outflows primarily within equities. the investment banking part of the business also amiss. wealth as well, another miss. a dire set of results for ubs, linked to those concerns from their clientele about the volatility and recession fears. the bank says buybacks will continue in 2022. private clients are on the sidelines. we will have the interview with ubs' ceo. manus cranny wil

yesterday was super thursday for tom mackenzie. your first three or second?i think it was six executive interviews in a couple hours. more today. you are old-school at this stuff. i will throw it back to you. manus: look, it has been a big week for earnings. the consumer demand, you have unilateral -- unilever. in comparison you have luxury goods that remain in high demand. >> we are seeing continued inflationary pressures on our goods. >> we try to offer a good, better, best assortment so people who need a more value offering can find it. >> we are not sensitive to where people spend or what they spend on, only to how much they spend in total. >> we have not seen reduction in demand for mercedes. demand for us currently is strong. >> big brands, in some categories and some countries, we are seeing strengthening of private-label label market shares. >> we have multiple levers that help us to handle the inflation. we are very surgical and careful on how much pricing we take and where. tom: what is happening is manus cranny is spending on high-end luxury goods.

seems to us mackenzie zone instead of ivan kudri. it must be done because those people who helped ukraine - this is already our heritage and history. accordingly, we must engrave it in our memory and must mark it so that our descendants, our children over grew up with this and we explained to them why exactly this street is called by this name and why exactly this is necessary and what events took place for what it was. this must be a joe biden street in kyiv. and what do you think about the fact that here i am i can't remember which settlement at the moment, but there they renamed many streets and chose the names of non -cultural figures, for example vyshneva sadova medova, but the vast majority of streets were named with such neutral names that they were never decommunized, not russified, etc. the community has the right to make this decision. absolutely neutral names have nothing to do with it. although from my point of view, we in ukraine have a lot of cultural heritage that can be remembered and can be called by name so that i c

, thanks we appreciate it mackenzie segalos. >> microsoft, snap, netflix.you buy big tech? xtr trader will share a take ne another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities. >>> welcome back time for today's three stock lunch. three big tech analysts calls right ahead of the start of earnings season. ubs cutting netflix price target in half. microsoft outperform but dropping the price target to 305 a share. and jpmorgan reiterating snap as overweight despite the brutal stretch for the stock saying the company just needs time to re-establish credibility let's bring in scott nations, nationshares president and cio to trade these names

alexandra mackenzie, bbc news, glasgow.nistrators and fans calling for changes to cricketing institutions in scotland to eradicate racism in the game. he described tomorrow as being a milestone. tomorrow, we'll have a set of findings and recommendations, but that's when the hard work starts because we need to start taking action now. there's no leadership board in place. there's an interim chief executives been there is a group of people in leadership positions absolutely committed to the journey that needs to go ahead, and prioritising the actions and improvement that have led to racism in our game above many other things that we've prioritised ahead of it. what we also need to do is look at rebuilding trust amongst those who have now been brave enough to come forward but have perhaps given up on the fact that discrimination was just part of the game, and that means addressing past issues. it's notjust about implementing the recommendations. clearly, where there have been individuals that have caused discrimination, and th

alexandra mackenzie, bbc news, glasgow.mber of running out racism, a group of players, administrators and fans calling for changes to cricketing institutions in scotland to eradicate racism in the game. he gave me his reaction to the resignations. well, given the reasons that they've given, in particular that they didn't feel that they were in a position to take things forward, i think it's the right decision. we don't know what precisely will come tomorrow. they appear to have some inkling of it. but we need people fully committed. they have their own reasons for why they've come to that conclusion, but it's really important we're fully committed to making the changes, and therefore i think it's the right decision. we don't know the contents of the report until it's published tomorrow, but it's based on what you know from speaking to players, staff, those who are close to the game. what do you think we might learn from it about the stages of scottish cricket and the presence of racism within it? so, if the people that come

week in paris and now she's in prague where she's been following the prince and his entourage hi, mackenzie. >> reporter: hey, shep so a 700-year-old noble family in the czech republic had their castles and 20,000 cultural artifacts first stolen by the nazis, then by the communists and now this 27-year-old prince is turning to the blockchain to protect and preserve these historical objects >> when we first came back to the czech republic and restitution began, it was the wild west. we really didn't have any business plan whatsoever. >> reporter: restitution, or the process of restoring stolen items to their rightful owner, is not the fairy tale it's turned out to be it took 25 years and most of those castles and ancient artifacts were in terrible shape. but his family was determined to restore these recovered landmarks and open them up to the public that's when he decided to experiment with nfts as a way to raise funds. >> we try to bring people on the journey of philanthropy. we've taken a painting that needs restoration. it can be a hole in the canvas, it's damaged in some way and we crea

alexandra mackenzie, bbc news.hich offer information and support are available at bbc.co.uk/actionline — or you can phone forfree on 0800 077 077. our top story this lunchtime. the lioness is celebrate and inspire as they roll through to the final of the women's euroes, beating sweden 4-0. and still to come. the swedish invention set to revolutionise office life and cut carbon. coming up on the bbc news channel... dina asher—smith announces she won't be competing at the commonwealth games in birmingham. the former world champion says she's suffered a light hamstring strain. the queen's baton has arrived in birmingham, in preparation for tomorrow's opening ceremony of the commonwealth games. more than 5,000 athletes representing 72 nations and territories are competing in this year's games, which features the largest number of women and para—sport athletes in its history. reeta is in victoria square in birmingham for us. there's a gentle buzz of excitement building in the city — you can see behind me a platform buil

tom mackenzie reports.: in 2020, rising bond yields did not seem to bother the new ecb president. >> we are not here to close spreads. this is not the function, the mission of the ecb. tom: but times have changed. >> we will not tolerate fragmentation that would impair monetary policy transferred -- tom: what exactly is fragmentation? to christine lagarde and the european central bank, it means bond yields for some euro region nations such as italy blowing up. it needs to be avoided. remember the debt crisis when soaring yields for some nations almost destroyed the euro? back then, italian yields topped 7%. it took the former ecb president mario draghi's famous valid to quell the turmoil. today come interest rates are set to rise for the first time since 2011 to curb record inflation. italian yields have been climbing, recently passing 4%. in response, the ecb is building a gadget to keep the bond in line. how exactly it will work remains a secret. though, fragments have come out, such as ensuring it won't

a vast savannah that starts just east of contresa benji, mackenzie is a deputy coordinator events, the project which is funded by the european union. the idea behind the project is to create a sustainable supply of wood to turn into charcoal suki, develop ludwig people practicing. i grow forestry are doing it in a sustainable way. g law, they themselves plant the trees, operate their farms, and then cut the trees to create charcoal with their own trees they. so if you see it does a full cycle, you love a plant, they exploit, they replanting. cancer is one of the $260.00 farmers now operating and acacia plantation as part of the project. once they cater trees become mature after around 8 years, they are cut down the felt cases are covered over and then slowly band to produce charcoal. then in place of the acacia cornyn, cassava a planted and harvested when the soil is infertile. enough for the food crops acacia is planted again. the non native trees help replenish the soil with nitrogen, and the cycle of crop rotation begins again. the acacia plantations are a way of providing farmers w

alexandra mackenzie, bbc news.you can phone for free on 0800 077 077. the time is 6:15. our top story this evening: major disruption on britain's railways again, as tens of thousands of railworkers walk out — and there's another rail strike on saturday. i'm at victoria square in the heart of birmingham, where the final preparations are being made for the start of the commonwealth games 2022. coming up in sportsday on the bbc news channel: we hear from three—time commonwealth gold medallist adam peaty on his return from injury and what he hopes to achieve in the pool at the games. more than nine million people watched england make it through to the euros final last night, after thrashing sweden 4—0. tonight, the lionesses will find out who they'll face at wembley on sunday as france take on germany. it's the first major final for the england women since 2009. here's our sports news correspondent, laura scott. back to base and back to business for the lionesses after a triumphant night in sheffield... all the way acr

alexandra mackenzie, bbc news, glasgow.n fast since friday, and firefighters have struggled to get it under control. more than 6,000 people have been evacuated and ten homes have been destroyed. rianna croxford reports. explosive and extreme, engulfing thousands of acres of woodland. hundreds of firefighters struggle to tackle the blaze with help from above. thousands of people have fled the area. officials say ten homes have already been destroyed. this army veteran is spending his wedding anniversary waiting to see if he is one of those affected. a lot of memories, though. my family grew up there, my kids, and...| don't know. just sad. as smoke from the flames continue to billow, having built momentum over the past two days, officials in california have declared a state of emergency for the area. and though the fire is largely uncontained, firefighters remain hopeful. we're optimistic that we have, you know, great crews, they are on the ground and with the support with the aircraft that we will make progress with the fire

here's our scotland correspondent, alexandra mackenzie.review was commissioned by sportscotland last year, and it followed allegations of racism and discrimination, including claims from scotland's all—time leading wicket taker, majid haq. it was carried out by the equality and diversity group, plan4sport. more than 200 people came forward to give evidence, and some of the details of those testaments have been passed to police scotland. a cricket scotland spokesperson said, the cricket scotland board is truly sorry to everyone who has experienced racism in cricket in scotland. they said, "cricket should be a welcoming place for everyone, "and not somewhere that racism or any form of "discrimination takes place." they said they were not in a position to comment any further on the independent review�*s report, as they will not see it until it is published publicly on monday, but we understand it is expected to say there is evidence of institutional racism within the game of cricket in scotland. it's understood that sportscotland is very conc

and he's trying to position coursera as a low-cost way to level up >> we've been work working with mackenzieo identify jobs that don't require a college degree or any priorwork experience that can be done online and the skills can be done online and mackenzie's estimate is 75 or so of these entry-level jobs are there, if you can get skilled for them and generally speaking, you know, they pay pretty well and even the 20 professionals that we have on coursera is 1.6 million job openings today in the u.s so there's definitely a lot of job opportunity for people with the skills and you can learn the skills online. >> tomorrow's job's report will give us insight into next month's labor market and it will depend in part of whether there are enough trained people, and trying to figure out the right models to teach people quickly and remotely >> in many ways, we are still in the early days of online learning and just today "the wall wall street journal" had a feature piece to provide online courses that are not up to their standards standards and leaving customers feeling a little burned. there seem

mean for the broader ecosystem and consumers that might be looking to pick something up, or not mackenzie now i keep wondering are there more counter parties at risk here and how is that going to affect how people feel about the opportunity versus risk in crypto what are you hearing as you have conversations. >> that's the question everybody is asking because we learn about a new counter party that was exposed to three arrows capital, for example, then you have celsius and voyager, the one working with your mom and pop investor so the days of double digit annual returns are likely a thing of the past because the yields weren't real in the first place and this is not -- celsius was a major player, less than a year ago it had $25 billion of assets under management now it's accused of operating like a ponzi scheme the other problem with this idea of easy money no longer being a thing in the crypto ecosystem is some of the lending platforms were keeping up with the returns by investing their own funds into other platforms doing the same thing so it was this very dangerous knock on effect. >>

as juno bus as shots shamar las mackenzie's daddy kinda boss bruce dennis, shawn douglas falconer. what i'm one of the guy named him. mister kent misses he could pony her. nanny's honey. what asked me is any suffering thought he thought he shouldn't kill michelle. ah those half the soul was a pet shall be able to reach out of a staffer my don't our he called bully accomplice job. my gosh. yes. barnett. good young jin chang here missile me tired. he genji power was got my act. barbara said alba wagon for john edge godaddy shed merge, and hon. i left him a call car, give site my sub id or or do like to shut down? honda b o, georgia got home would be sure to read norah would buffle caucus? sure, sure. good megan kalki. all could i talk canada? i'm, what's a good army, but i, i would in border that authority are fondest on. oh boy, yes. so that is on that don't want the name on, on, on, on and on an honest hawk, on my own. what the moment pulled it up. it's no luck with us. the hung up on a song in and it had actually mission and love us. i mean matter to me and my daughter said more t

for the j actually air missouri the near ski as they can their car while in mackenzie emma with her arm as they make of key and our summer our idea on the songs are you know, kind of ammonium. we shocked once upon album, where he jo on i actually though the 0, the shade to the january thoughtfully that awful, a call. so matter they bought command, amazon sch, key e as out of 5 as you can, the gagner for acts good thing, kid. tusky law mechanics offset my fatty axon with you, a yaks. lot of the doubt on job for the much help. make any that committee for hanging pieces go or the jang, so our leg and pezora vicki. she measure well, you got to be sort of me lazy them out. now tell what i'm miss up. that was the one with the ag farm on a jang though. that mission was love, task official, i'm go mission holling channel, much closer to sort of fisher current generation. i know my son in fleshless, or you can contact me here. i'm who. mm hm. okay. could you ameco now if you're nagging one can native bank because you're already. oh, but it could be a but you don't wanna push up her martha may if

as juno bus a shot to pass shamela las mackenzie's daddy kinda boss bruce dennis from douglas falconer, who are the amount of the canadian mr. care? mrs. kim tony, her nanny's honey. what acme is any subtle. i thought it says you should have katie, michelle. ah lucy has the soul rosa pension been each other mother asked after my daughter i will you call bully? i got this job my gosh. yeah. barnett. good. yeah. really jitter. jang year missile me tired. he genji part was got wacked. barbara had other wagon for john edge garaged mot, margin one afternoon at called curb curbside months of it. i would do. would like to ship that hon. um. oh, be sure to get home with the shorter nora would buffle cobra. sure. sure. good megan, good hockey. all could i talk canada? i'm what's a good army, but i, i would in border that of thought easier, farthest on. oh yes. so that is gone. gone up on the, on, on, on and on the plan and so on to my own. what the moment pull that up is no luck with us. that hung up on a song in and it had actually michelle and love us. i mean mother to me and my daughter, son

mackenzie gore of san diego gave up three runs in 3 1/3.wood wound up tossing seven shutout innings with

ah for to j, i'd say a majority near ski as they can their car while mackenzie emma with her arms. they've made of key in our summons. our idea on the songs where, you know, i am among michelle, once upon albany, where you go on, i actually though the 0, the shade to the january, lee, that awful cole, you start matter the book, command, amazon sch, key e as verifiable as you can. the gag never acts good of thing. kit tusky lamb will come back after my funny axon with you, a yak, sorted out on july for the much hop. make any that committee for hanging. c pieces go or the jang, so our law zagan for sort of the key to make sure you got to be sort of me. leslie now tell what i'm missing. that was the one with the ag farm on a jang though. that mission was love, task official. i'm go mission holling channel, much closer to sort of fisher current generation. i know my son in fleshless, or you can contact me here. i'm who. mm hm. okay. good job. i'm eco now is your mega lunch. i'm committed because you're already, oh, but it could be a but you don't wanna push up her martha may if i don't

for the j hocksey air, missouri, the near ski as they come back are well in mackenzie m over almost they've made of key and our summer. so i idea on the stand by, you know, kind of among the shock once a panel where he jo on i actually though the other senshi to the january softly that awful cobble. so matter. they bought command, amazon sch, key e as out of 5 as you can, the gag equifax good of theme kit tusky them can like offset my fatty axon with you, a yak sorted out on your hold for the much help make any that committee for hanging . c pieces go or the jang, so our la zagan pezora the key to make sure you got to be sort of millicent them. what i'm missing that was the one with the ag farm on a jang though. that machine was left tassels to show them gl mission. helene. gentlemen, who showed those fisher cartoon are shut on my son in fleshless notion. because the commission i'm this is human creature. i'm. he co now is genetic. one can made him cry because you're already. oh, but it could be a but you don't wanna push up her. martha may i found out about those shem as the more shall, ri

my name is more now, was that penny is that also known as mackenzie amberin. diane, i'm a senior and i live in wu jim, who rides that economy, capital city of monday. the name was changed from the symbol read through june gra, after the independence of the country, and this place is called plaza and the panels at the top. we have our hero, the one who fought for our independence. in 1962, the prince. louis worker saudi. come with me. i'm gonna show you around. i'm going to take you through the c t. my favorite place is where i liked to eat how people leave. we're our leg to we leg with . i'm going to show you one of my favorite restaurants, which those local food called my my solo a will be speaking with. this is the plate. this is it. i can say most of the food they make here. you can find below can find me. you can find okay, and can only be found in our lake, the lakes, and they, me cock which is the 2nd deepest leak in the world after league. baker is really, really a villa . this is individual. we're a city market, also known as see your niche market. you can find everything you

jazz jumped on the padres mackenzie gore in the second inning.ra strada gets things started with a runner on that is a two run homer stratus seventh of the season, and it is two to nothing. and there would be much more of that. one inning later, it's wilmer floors with a runner on that one's over the center field wall for four. nothing lead in the first of two homers on the day for flores, the giants get out of san diego with a 12 to nothing route. and it was a nice day for the age yesterday against houston, but things returned a little more to form today against the leaders in the west. a butterfly a little off course if it's finding its way to pacific grove great day for pitcher paul blackburn, who found out that he was named in the american league all star team just two to nothing used to leading the seventh when corey lee came to the plate with the bases loaded his drive off austin pruitt fair down the left field line that scores two for nothing. the astros got one more in the inning lead. the former cow star got his first three major league

alexandra mackenzie, bbc news.ers were having to say as a result of what they had heard nicky disclose. b. result of what they had heard nicky disclose. �* , ., , ., , disclose. a huge number of people called in and _ disclose. a huge number of people called in and only _ disclose. a huge number of people called in and only a _ disclose. a huge number of people called in and only a few _ disclose. a huge number of people called in and only a few of - disclose. a huge number of people called in and only a few of them i disclose. a huge number of people | called in and only a few of them got on air. they couldn't fit everyone in. we've always known there is a huge number of people who suffered abuse in childhood and many never speak out. one of the key things is to make it easierfor people speak out. one of the key things is to make it easier for people to talk about these things. the more people talk about it as nicky has bravely done now, the easier it becomes for other people who are wondering may be what happens

representatives of the world bank involved, well, that is, there was a wide enough involvement and the mackenzie company was preparing it there is one of the best strategic companies in the world with this plan that is why it is really what everyone burned and with and and it gave its results so when there is a huge number of experts almost all of them were involved thank you for supporting the desire they joined then after that it is very difficult to re-criticize when you did one way or another my contribution, this plan now, as for the goods , once again, what do you know really well? we are usually accustomed, especially to war, for some reason to think that europeans or our international partners are such wise and respectable people, and ukrainians, well, this is what they think of as the m-marshru-less syndrome worth why, in this case , the assessment of ukraine's progress, especially during the war, was high enough, almost all the speakers and officially and unofficially noted that they were surprised that a country that is in a full-scale war when every institution, including to receive

here's samuel mackenzie, but few do very good afternoon seconds for my music. every time she releases new contents and i'm always looking forward to every or her new releases. and for the questions, i would like to know what have you in the projects who should be experts in the us or quinn, don't com, e p n for the 2nd one, which debbie, any african? so as time goes on, which of course, after the u. s. it's all just going to going on brilliant salad as a brilliant video. i like the he mentioned my last e p most recent e t, which is called queen on com. well, to answer your question, samuel, if you're watching right now, i actually am on my american tour, which is for my, my most recent album, which is called empress m a. d c had a toy 2 days ago. i'm moving on to new york and houston as far as that, i'm african tor that will be after college season. i really me, caldwell to be over. so let's say maybe 2022 by god's grace. and there will be always more music. and collaborations with people over here. oh, so many corporation questions. all right, let me, let me g

standing up, jumped on the padres mackenzie gore in the second inning.o strata gets things started with a runner on the second. that's a two run homers strategy seventh of the season. two nothing game, there would be much more where that came from. one inning later, it's wilmer flores, with a runner on that went over the center field wall for four. nothing lead the first of two homers on the day for floors. the giants get out of san diego with the 12 to nothing route. was a nice day for the age yesterday against houston, but things returned a little more to form today. still always good feeling when you had the ball park on a sunny day and a good day for picture paul blackburn, who found out he was named to the american league all star team, he's played the astros tough trailing to nothing in the seventh inning, but houston loads the bases and then corey lee rips one down the left field line of austin pruitt. two runs come home, and it is forward and i think a 2nd and 3rd and then in the eighth, kyle tucker launches one still just out of the reach. bolt

report findings of institutional racism in the scottish game. 0ur scotland correspondent, alexandra mackenzieetter of resignation. now, they said they had taken initial steps to deliver a resolution to the issues of racism, but they also said that this was a huge challenge for an organisation like cricket scotland. now, the board has said that they hadn't seen the full report, but they were committed to implementing the findings of that report, which is due out tomorrow. but they said they had become aware of certain proposals which they wrote about in their letter of resignations and they said that that included time scales and actions to be carried out that would make things unachievable for them to do. so, they said it was time for them to step aside. but the board also said it was truly sorry to anyone who had experienced racism of any kind in cricket in scotland. russia has admitted it carried out yesterday's missile attack on ukraine's port of 0desa, just a day after signing a deal to unblock shipments of grain through the black sea. moscow said it hit a military ship. ukraine has decli

alexandra mackenzie, bbc news.n our top story, the rail strikes taking place it has been another very difficult day for anyone wanting to move around the country. there has been claim and counter—claim from the unions and the government today. it's been difficult at times to know which claims are true, and which aren't. we can speak now to alanjones, industrial correspondent for the press association news agency. we have had another day through from aslef for another strike on a saturday. what is your assessment of are the two sides still very far apart? are the two sides still very far a art? ~ , are the two sides still very far aart? ~y ,, are the two sides still very far aart? ,, , , , apart? my assessment is, is this caettin apart? my assessment is, is this getting worse? _ apart? my assessment is, is this getting worse? hardly _ apart? my assessment is, is this getting worse? hardly a - apart? my assessment is, is this getting worse? hardly a day - apart? my assessment is, is this| getting worse? hardly a day

alexandra mackenzie, bbc news.ficials with the california department of forestry said the fire had behaved unlike any other they had seen. aaron martinez was out of town with his family when he found the oak fire was nearing his home. by the time they got back, all the roads were closed because the fire was spreading too quickly. the bbc�*s james clayton returned to the property with the martinez family to see what was left. this was the martinez family's favourite place in the world. they called it shangri—la. their home has now been obliterated. aaron has returned to assess the damage. this was my house... this is where i felt the safest. this is where my office was, my television, my computer, books, and binders. there's just nothing... it's a picture frame, it was a glass frame. i had family pictures in it. it's all the stuff that can't be replaced that hurts. grandmother's writing, pictures... oh, god. even old answering machines that we saved that we stopped using just so that we could hear grandparents�* voi

alexander mackenzie _ temperatures again. alexander mackenzie at _ temperatures again.o. what will be crucial in this round —— at four pm. rishi sunak is ahead in this last round and it looks like he will be on the final list of two. what will be crucial will be to see what happens to kemi badenoch's vote. she was eliminated, 59 votes you got any last round, how many will go to liz truss, how many to penny mordaunt, and which of those willjoin rishi sunak on the final ballot? and tony membership will decide over the summer we get the result on september five. but the result on september five. but the polling we have had so far would indicate a rishi sunak would lose to both liz truss and penny mordaunt ian watson reports. any regrets, prime minister? boris johnson clearly thought if he had any they were too few to mention. attention was already turning to who might replace him. but the prime minister seemed less interested in this than the rest of westminster. mr speaker, i'm not following this thing particularly closely. he claimed any leadership candidates could beat

our scotland correspondent alexandra mackenzie has more on this story.is review was commissioned by sports scotland last year, and it followed allegations of racism and discrimination, including claims from scotland's all—time leading wicket taker. it was carried out by the equality and diversity group plan for support, more than 200 people came forward to give evidence, and some of the details of those testimonies have been passed to police scotland. a cricket scotland spokesperson said that cricket scotland board is truly sorry to everyone who has experienced racism in cricket in scotland will stop they said cricket should be a welcoming place for everyone and note somewhere that racism or any form of discrimination takes place. they said they were not in a position to comment any further on the independent reviews report as they won't see it until it is published publicly on monday. we understand they are expected to say there is evidence of institutional racism within the game of cricket in scotland. it's understood that sports scotland is extremely

report findings of institutional racism in the scottish game. 0ur scotland correspondent, alexandra mackenziesgow. so, what's behind these resignations? well, the board of directors resigned this morning with immediate effect. we have seen that letter of resignation. they said they had taken initial steps to deliver a resolution to the issues of racism. but they also said that this was a huge challenge for an organisation like cricket scotland. the board had said that they hadn't seen the full report, but they were committed to implementing the findings of that report, which is due out tomorrow. but they said they had become aware of certain proposals, which they wrote about in the letter of resignation is. and they said that that included timescales —— resignations. and actions to be carried that would make things unachievable for them to do. so they said it was time for them to step aside. but the board also said it was truly sorry to anyone who had experienced racism of any kind in cricket in scotland.— cricket in scotland. thanks, alexandra. _ the two candidates left in the race to become

i am tom mackenzie. outflows mount. ubs reports weaker than expected profits as the investors poll money. -- pull money. gazprom-- plus, china tech lives stocks as alibaba announces plans for a primary listing in hong kong. let's take a look at futures. the corporate story in asia is around alibaba and the inflows they could see from the mainland on the back of that decision to list in hong kong. futures pointing lower by .2% after modest gains yesterday. the gas story in front as well as the earnings stories. the ftse 100 futures pointing higher on the back of higher energy and basic resources. the ftse 100 taking up marginally. as we weigh up the impact of the pricing around energy. it was the decision by russia to further restrict the gas flows yesterday. it will kick in from wednesday. from 40% to 20% and the european ministers are meeting today for an emergency summit on the response to that risk. earnings front and center. we had a beat from unilever and easyjet. in terms of the ftse 100, .4% and the ibex lower by

tom mackenzie is in london. tom: hike but by how much? the ecb is set to raise rates for the first time in a decade. the question, 25 or 50 basis points? italy's government teeters on the brink as mario draghi's attempt to resurrect his coalition collapses. turning on the taps, nord stream says gas shipments from russia have restarted. prices tumble. there was optimism in the early parts of this morning on the news of gas supply coming through from nord stream 1. it is the year of italian politics that is central, and you are seeing losses of 0.4%. it was a modestly positive day on wall street, more of an earnings story. the ftse 100 is currently flat. the ftse 100 currently down 0.1% . we will keep an eye on italian assets. after a passionate speech from mario, there was a bid for italian assets, then a selloff. the cac quarante is down 0.4%. let's switch over and see how things are playing out. there has been a sharp selloff on the back of the trading that started today, yields up. the price is lower on the italian 10 year. it is still

i'm tom mackenzie in london. big banks and big oil dominate the week with inflation, supply chains and the energy crisis in focus. it is bad week, the fomc gears for another jumbo hike with inflation at a 40 year high. the latest survey says the mission to tame prices may drive the u.s. economy into a ditch. stocks selloff. futures in asia are down. despite the fact that there was relief in the real estate sector on potential plans to support that sector. weaker data out of the u.s. towards the end of the week in terms of business activity, back to level last seen at the front end of 2020. we are expecting 75 basis points from the federal reserve but will they hike into a recessionary environment, how far and fast can jay powell end of the team go? the ftse 100 down .2%, we continue to watch the two contenders to take over from boris johnson. there is a televised debate later this evening between rishi sunak and liz truss. let's see how things are playing out across asset. it is risk off, you have a move into tre

i'm tom mackenzie in london. the week starts risk on, central banks take center stage, the ecb battles to restore credibility with its first rate hike in a decade. the political alliance propping up mario draghi's government in italy crashes down. plus, investment rif, china getting the cold shoulder from global investors as president xi's policies backfire. let's check on the futures after a decent day on wall street friday, for the week european equities ended marginally lower but the s&p 500 ended up more than 1.5%. teachers with gains of the .8% despite concerns about the politics of italy. we look ahead to the ecb's decision on thursday. economists expecting 25 basis points from the ecb, the boj expecting their decision the same day. that was a 100 gaining .4%, a rebound in iron ore and copper. china pledging to support the economy and officials weighing on banks to ensure liquidity for property developers as the mortgage strike continues. the ftse 100 gaining, the cac 40 gaining by .6%, and in spain gains o

in tom mackenzie in london, gina martin adams joins me on set. our top stories, u.s. cpi scorches at 9.1% as the treasury curve inverts two levels not seen since 2000. king dollar pummels the euro to parity. market see a 50-50 chance of a historic 100 basis point move as inflation piles pressure on the fed. plus, rebound on the ropes, job projections show the eu slashing its gdp forecast amid surging prices and an energy crisis. let's check on the futures than as investors in europe weigh up that red hot inflation print out of the u.s. now expectations that we could get 1% on july 26 from the fomc. the ftse 100 lower by .1%, it will take time for markets to settle into position. we are looking in italy and the idea that maybe the stability of the technocrat mario draghi is starting to crumble, there is essentially a confidence vote later today in the italian parliament. italian btp's already trading lower. spanish ibex down .6%, but cac 40 down .3%. in the u.k., we watch the fallout, at least the jockeying amongst those hoping to take over the conservative party as pr

background, they jumped to $ 2,350 per 1,000 cubic meters, according to the consulting company wood mackenzis, europe will only be able to fill the storage by 75-80% before the door of winter, germany has allocated an additional 15 billion euros to purchase gas on the market for storage. this, too, pushed prices up for fuel exports from russia in june. in ruble terms, it amounted to 633 billion. this is 40% less than than a month ago. in may, sales exceeded a trillion rubles. hungary wants to buy an additional 700 million cubic meters of gas from russia, the hungarian prime minister viktor said, we are negotiating with russia to purchase an additional 700 million cubic meters of gas, the deal can be signed during the summer, and then we will be safe, in the meantime, russian gas has returned to latvia the main operator of the country's gas transmission system in will purchases fuel, but not directly from gazprom a through an intermediary, the head of the igor skalvis companies pay everything in euros. let me remind you that gazprom converted the calculations into rubles, they refused to name

i'm tom mackenzie in london and here are your top stories. energy crisis, the iea's birol warns of more pain to come. >> the world has never witnessed such a major energy crisis. we may not have seen the worst of it yet. tom: euro battered, the currency edges closer to parity as economic concerns turbocharge the dollar. plus, lockdown peers return. covid cases in shanghai add to anxiety over china's recovery. let's check in on the futures as the story around china weighs on the markets in asia. you are seeing that pronounced, shanghai cases and concerns that -- futures are -- floss is stateside on the nasdaq of 1%. the ftse currently down .8%. we continue to watch the energy complex as well. we will focus on oil shortly. comments from the iea's fatih birol on the possibility of worchester, on the energy crisis. -- worse to come on the energy crisis. the spanish ibex is lower by 30 points, down .4%. let's see how things are playing out across assets. we are looking at futures stateside, the cpi print is out tomorrow. the guidance on what that