u. k. over the next couple of weeks as these are traditional and updated and ceremonies are held and out there adapted to that to the times. but yeah, you have this today is about the proclamation of the session, which means telling everybody we have a new tang and that's what's now being done through different parts of london and then out across the u. k. and to other parts of the world to kind of build by i think you told me from roy, it's a bit about the perpetuation of the monarchy and institution. the french have the saying, the king is dead long live the king because it's not an individual. it's an institution, that's exactly it, and that is a prayer that king charles is job. i mean that's what his mother spent her entire life. all this sense of duty. all these ideas about serving the people was all about and maintaining the monarchy. a sense of consistency for the country, but really maintain the monte date they saw. i mean, she must have seen dozens of different countries turning republi

u. k. over her 70 years. on the throne and of course across the globe. so at the moment we, these bells are still ringing and then we will, there will be other events as well. for example, there will be an event at hyde park, a gun salute hyde park is the big part right in the center of london. so there will be a gun salute in memory of the queen and other events that will be happening throughout the day. now you mentioned, of course, the 70 years the longest, raining monarch, queen elizabeth, just to take walk us through a little bit reminders through some of the, the high points of her rain. well, she came to the throne in 1952 when britain still had an empire and oversee she, she passed away when birth no longer had an empire. so there have been enormous changes across that whole the whole of the united kingdom, from having being a global presence to now being a middle ranking power. i think it's fair to say. so from that point of view, just what has happened to the u. k. the changes have been phenomenal, but also globally, i mean, she, she witnessed

u. k. over the last couple of days is smashed more sanctions on what they say were russians an. busy involved in the organisation of what they called is illegal referendum with respect to the fighting in the east. no, let up there. some interesting developments overnight. certainly, according to the ukrainians, they saying that they've got the russian forces very much on the back foot in the town of lee man, that is a town north of slavery answer in donates an o blaster of great st components because of its railway networks that are an as an as a railway hub, we also know that there is ongoing fighting in various areas across ganske and donates. and as i said, sir portfolio yesterday, the presidential advisors saying that this change is absolutely nothing. and he was keen to quote his president zalinski saying, but the number one priority on a military level at this moment for ukraine is donnette sco blast ukrainians, only control around 40 percent of donetta. and the reason why that is the number one priority according to a portfolio, is because he says that is russia's number

u. k. over the last couple of days at wet weather, or grassy slide a little further eastward. so seen some heavy rain there coming into the low countries in germany. eastern parts of france in some really wet weather across that eastern side of europe as well through ports of poland, easing across into ukraine and remain. here they go for the u. k is fine and dry for the most part, one or 2 shower, still acquisition parts of england. scott and will be dry and fine. i think london, she stay drive little on the cloudy side. through the remainder of santa day, we go on into sunday more the way of sunshine there for england and scotland western parts. we'll see some heavy rain sliding through the northern islands, western side of island, seeing some heavy burst if rain. some went by the 2 coming into work much of wales law. she dry by the state across the low countries pushing across france, spain and portugal essentially settled and sunny a few shows still there in the central parts of europe. with wet weather, which was the far east. i saw an official outline of the journey. thi

u. k. for over a 150 years and to 1997, the queen and colonial rule as do fresh memories for people. here the queen visited hong kong, twice before hanover local people, gave her a nickname, the boss, lady in cantonese, showing a sense of special connection and, and to today because to see her footprints in hong kong like the coin with her face da collating here. and of the social facilities named after her after her death, many people talk to social media and consulate to mourn and pay respects for many people on the quinn, represent the good old times of hong kong. because hong kong has transformed from a small town to one of the most successful international cities during her reign and hong kong people attribute on the success to the social infrastructure built by the colonial government. like the public education, our judiciary and financial system. and this kind of legacies has made our, the queen a very special place in hong kong people's heart. in germany, the british royal family is popular, although germany abolished its own monarchy more than a century ago. queen elizabeth

u. k, getting bills are going up 10 salt. and on top of that, you've got the inflation now inflation in the, in the u. k. just went over time percent for the 1st time and he is and the rest of europe, or just about to going to double digit. and this is going to get worse as the teaching bills joe up and i think trusts, i mean the u. k. getting bills are going to tennessee. and on top of that, you've got the inflation 9 inflation in the, in the u. k. just went over time percent for the 1st time and he is and the rest of europe, or just about going to double digit. and this is going to get worse as the teaching bills joe up. and i think this is a strategy he's just going to take so much pain to make the prices of the consumers, the money to pay for that certainly doesn't want to be extremely painful. status love isn't put in, in a way or another, pushing people to look for alternatives, renewables and for the europeans in a way or another to move forward to new suppliers they could do business with for the longer run it was already announced a trying to find another supplier that european union going to jump from you all

u. k. over breakfast related policy, that's not the role of the u. s. president. i think that the u. k. prime minister should call him out. all man. no, god, no, thank you very much for your use this evening. thank you. my pleasure. thank you. more flooding is expected in southern pakistan. the release of water from the country's largest lake engine is of cut through the embankments of lake mon, shot to reduce the volume of water, but its threatening to flood properties downstream. as dozens of villages line its path, lake montreal, its west of the indus river in the southern sind province, and is dangerously full following the countries record one soon reigns, 100000 people were already displaced. they've been several deliberate breaches of an ex, banks to protect more densely populated areas and cha, struggles to districts, do, and jump surer, and about 80 percent of the region is under water. the military is helping with evacuations and residents remaining near the lake using machinery to strengthen embankments. to avoid a devastating over spill come out. harder has more from the

u. k. for over a 150 years until 1997. the queen and colonial rule as to fresh memories for p ppo . here the queen visited hong kong, twice before hanover local people, gave her a nickname, the boss, lady in cantonese, showing a sense of special connection and, and to today because to see her footprints in hong kong like the coins with her face dark, elating here. and of the social facilities named after her after her death, many people talk to social media and constantly to mourn and pay respects for many people on the queen represents the good old times of hong kong. because hong kong has transformed from a small town to one of the most successful international cities during her ring and hong kong people attribute on the success to the social infrastructure built by the colonial government. like the public education, our judiciary and financial system. and this kind of legacies has made our, the queen a very special place in hong kong people's heart. and we'll have continuing coverage of king charles's proclamation ceremony. but now let's take a look at some of the other stories m

u. s. dollar before partially recovering. its up fell nearly 5 percent as markets opened in asia on monday. the couple concerns grove over the u. k. economy. often it's, do you go from until unveiled major tax cuts? lebanon's parliament, us postal national budget for 2022. it approved the spending plan. as protest has gathered in the capital bay routes the country faces an unprecedented economic crisis. with many people falling into poverty. over the last 3 years, l 0 said a honda who's out that protest, i guess like this one has become more frequent as the country's economy has been in free fall since late 2019. the protesters behind me are retired soldiers. they came here, they tried to storm the parliament, they managed to break through the security court on briefly before they were pushed back. and now negotiations are underway with a number of m. p. 's. they are saying that they are receiving guarantees that their retirement salary as it is known will be increased by $33.00 times. and that's retired soldiers will be exempted from income tax. and they're also saying that these guarantees will most likely be accepted. why the

u. k. for over a 150 years until 1997. the queen and colonial rule as do fresh memories for people here. the queen visited hong kong twice before hanover local people, gave her a nickname, the boss, lady in cantonese, showing a sense of special connection and, and to today because to see her footprints in hong kong like the coins with her phased her collating here and of the social facilities named after her after her death, many people talk to social media and constantly to mourn and pay respects for many people on the queen represents the good old times of hong kong. because hong kong has transformed from a small town to one of the most successful international cities during her ring and hong kong people attribute on the success to the social infrastructure built by the colonial government. like the public education, our judiciary and financial system. and this kind of legacies has made the queen a very special place in hong kong, people's heart alice, the got some other stories making headlines around the world. you and she found 2 in your gutierrez says, flats that have left half a 1

u. k paused for a minute of silence to remember the only monarch that most i've ever known. it was a minute observed across the country. prime minister lives trusts, and others all over the u. k. paused for a moment of silence in honor of queen elizabeth with lanterns, iconic, big been also mocking me occasion. by remaining silent earlier there were more hectic, scenes with people rushed to get into the queue to see the queen lying in state before it finally closed. they made you happy? yes. th, i lay, but he changed. i was, he didn't turn up very stressed. he'll get his hand on the phone, but we're here. tens of thousands of corners had queued over the final day to get their chance to see the queen's coffin. at one point, the white time had become so long that authorities advised people not to come. but despite the white and the cold q as were upbeat is one in a lifetime. so he's an experience is history exam really pratt that we plan to later world leaders also came to pay their respects to the light coin. but the political figures, dignitaries, and royals arriving in the british capital didn't have to wait in line. among those who visited london's westminster hall

u. k. so the government is facing a lot of backlash over this. o and bigots. regina actually grow dramatic reaction on the markets in the u. k. and also from the pound in response to this, what exactly has been going on? exactly, the pound has really fallen, plunged down to record lows against the dollar. and at the same time it's more, it's more expensive now also for the government to borrow an international market. so that reflects an uncertainty of the market. whether this is really the right strategy and we had the nobel prize winning economist for crew, man and, and, and he has said that britain is now trading like a developing country. where a perceive fiscal response of irresponsibility is undermining confidence and the value of the currency. so that reflects one of the critics of this really very, very bald strategy of the u. k. government ok, very at mass in london for us. thank you very much. now to some of the other global business stories making the news singapore has passed hong kong to become a his most important financial hub. according to the g

u. k. so the government is facing a lot of backlash over this. oh and bigots. regina actually grow dramatic reaction on the markets in the u. k. and also from the pound in response to this, what exactly is been going on? exactly, the pound has really fallen, plunged down to record lows against the dollar. and at the same time it's more, it's more expensive now also for the government to borrow on international market. so that reflects an uncertainty of the market. whether this is really the right strategy and we had the nobel prize winning economist for crew, man and, and, and he has said that britain is now trading like a developing country. where perceive fiscal responses, irresponsibility is undermining confidence and the value of the currency. so that reflects one of the critics of this really very, very bald strategy of the u. k. government. ok, barry at mass in london for us. thank you very much. now to some of the other global business stories making the news. singapore has passed hong kong to become a his most important financial hub. that's according to

u. k. no, it certainly is. and there like the rest of the u. k. a lot of people of tens of thousands laying flowers over the past few days. and of course, that distinction about the northern ireland goes like this. there's a division politically, ethnically, religiously, in this country. it's a quarter of a century since there was peace after the 30 year conflict. and then, of course, a whole series of attempts to heal the divisions. and now the royal family were involved in that the queen especially shaking hands with martin mcguinness, a former i r a leader back in 2012. that made a massive difference to the way britain del with ireland, the commitments by republicans to actually stay peaceful and then develop and now an extraordinary political development. we have our, the shin fame, which was once the political wing of the ira and the biggest party and it's vice president. and now the 1st minister designate here, now she originally st. condolences. she's wearing back black when she actually made those condolences and the speech in support of the royalty and what they've done for northern ireland. ma

the interesting thing is it's not just scott's, we have seen people from all over the u. k. and also people from all over the world have been here a paying their respects. some people from other parts of the you k have said that they felt it was actually better for them to come here to pay their respects. because the chances of being able to do it in london would be much more difficult because the city's going to be very, very crowded. a lot of the international people, lot of the foreign visitors who were here, what already in the country. and those that we spoke to felt that they regarded it as a privilege to be able to come here and pay their last respects to the only monarchs that they have ever known for the united kingdom. indeed. okay, now rob mattson will leave you there. and adam burton, they will turn our sites south. it's because the queen's coffin will be arriving at the royal air force base area of north hold shortly before 7 p. m u k. time. and that's just outside london, and the state hers will take the queen's coffin, then into central london all go paul's mar

u. s. dollar before partly recovering. it plunged 95 percent of markets opened in asia on monday. the dive comes as concerns of growing over the u. k. economy offer its new government unveiled, major tax cuts. investors have been unnerved on a huge amount of money, the government borrowing to funds that package. but let's go live now to need bach, who joins us from outside the london stock exchange. so need this look so very much like a massive economic gamble. yeah, good morning. carrie, it's a hugely worrying for the investment climate here in the united kingdom because all of this means that the money in people's pockets and starts to, to dwindle. and it means that faith and trust of the british economy dwindles with it as well. just to give you the latest figures on the pound. so the dollar, it appears as if the pound has rallied quite significantly from the low seen the asian markets over 9. so it currently stands at $1.07 a foul to about $1.00. and $0.04 and the asian markets as a sat overnight for that, still slightly low lower from what it was late on friday. so the numbers all going in the right direction. but given how lo

it was a minute observed across the country as prime minister list trusts and others all over the u. k. paused for a national moment's silence in honor of queen elizabeth with london's iconic big ben ring out to mark the occasion. tens of thousands of mourners had been queuing for a final day to see the queen's coffin as she lives in state. on sunday morning, the wait time had become so long that authorities advised people not to come. but despite the weight and the cold q as will a beat you can tell is in reference to gavin said i for this is, this is a magical mom forever. and is a big achievement for all those features. stay in this with the weather that we're father and how cold it's been. it is when in a nice name. so he's and experience is history. sam really frankly be planted later . wild leaders have also come to pay their respects to the late queen. among those heading to london's westminster hall was u. s. president joe biden. just one of the hundreds of leaders who have arrived in the british capital ahead of monday's state. funeral london's police force is already gearing

and it was always going to bring crowds and crowds of people from all over the u. k. from abroad as well, who as he, they want to come and be part of this moment of history as the casket, making its way down the mouth. again, the procession being led by king charles queen's eldest son, now controls the 3rd with his 3 siblings, princess anne, prince andrew, and prince edward. and then all said king charles as 2 sons, prince william and prince harry also worked walking in that procession window last thursday. the age of 96, spite her age it was quite unexpected. and in these last days as being a real national morning, people have come together. she was brought from balmoral castle in scotland where she died to edinburgh, where again thousands of people lined the streets to pay their respects in a very moving moment when her children afford children stood god around her coffin in the cathedral in edinburgh as people members of the public file true to say their good byes. she was then flown down to london. they spent last night in buckingham palace amendment for the royal

it was a minute observed across the country. prime minister lids trusts, and others all over the u. k. paused for a moment of silence in honor of queen elizabeth with london's iconic big been also mocking the occasion. by remaining silent earlier there were more hectic scenes. the people rushed to get into the queue to see the queen lying in state. before fine closed. you happy? yes. to try to try and drive as he didn't feel good on the phone. but when the 10s of thousands of foreigners had queued over the final day to get the chance to see the queen's coffin. at one point, the white time had become so long that authorities advised people not to come. but despite the white and the cold q as were upbeat when in a lifetime experience this history, really front of the plaza, world leaders also came to pay their respects to the late queen. but the political figures, dignitaries, and royals arriving in the british capital didn't have to wait in line among those who visited london's westminster hold with us president joe biden fight and also paid a visit to buckingham palace, where he signe

u. k. in the commonwealth. over the course of 70 years, queen elizabeth the 2nd came to embody the idea of monarchy in this country, a symbol and a person woven into the fabric of daily life. for those here now on the streets outside, buckingham palace, a last chance to say goodbye, transferred to the state, hers the coffins, progress flowed again as it neared wind to cancel. so long, meticulous planning. this was a day of undeniable beauty that images grand and intimate insides and ga chapel. the service of committal british history separated into royal ages, the jacket b in the george and the victorian each defining a particular time a particular society. the merciful goodness of the lord and jury for ever and ever . the 2nd elizabethan age was so long and so such change it seems to defy that kind of definition. it is now, though ended the queen load into the royal vault. ah, days ago he would have some this and now it's sung for him. later away from the cameras would come the final burial service. closest family

u. k. in the commonwealth. over the course of 70 years. queen elizabeth the 2nd came to embody the idea of monarchy in this country, a symbol and a person woven into the fabric of daily life. for those here now on the streets outside, buckingham palace, a last chance to say goodbye, transferred to the state, hers the coffins progress flowed again as it neared winter council. so long the meticulous planning. this was a day of undeniable beauty, but images grand and intimate. in science and ga, chapel, the service of committal british history separated into royal ages, the jacket b in the george and the victorian each defining a particular time a particular society, the merciful goodness of the lord and jury for ever and ever. the 2nd elizabeth an age was so long, and so such change, it seems to defy that kind of definition. it is now though, ended the queen load into the royal vault. ah, days ago he would have some mis anthem. now it's sung for him. later away from the cameras would come the final burial service closest family laying to res

u. k. favor some countries over others. mr. lee is more equal than others. yeah. this stems from a leaks coffee from downing street. remember, the prime minister of britain has only just been elected by a 1000 of the population by tory body members. and it's not buckingham palace saying this leaked memo says because of security, the world leaders are going to have to go by bus and guy. so there are lots of leaks from different embassies in and, and apparently to the german publication political saying, we can't do this and i presume. and he said, that seems to be this regulation is joe by people saying presidents, happy to go by bus, but he's over 18. so if there's a way to avoid it, we will try given us media. huge proportions of it depicts joe biden to someone who is suffering some kind of illness in taking the bus. probably the best idea well, we've already seen some seen some heated reactions that the ceremonies taking place are unreasonably costly in a country suffering from an economic crisis. after all, do you think it's fair to say, or do you think it's fa

you know, we've heard tribute over the last year back of the time the platinum did leave a president and manual macro described to the golden thread that connected the u. k . and france over the last 7 years. and that despite the fact that the recently, british french government capital, right, what he was alluding who's the fact that she is the and as you are just going to jump in there a 2nd, i just want to explain what we're seeing on our screen right now. everybody in a 2nd at the say we're looking down the model and the kids come on his ways just left bucking, pallets and voice on roots to the be now are low with the rest of the roof. i'm, you know, be writing shortly for the break distance from where he is now to this point here. it controls, of course, after his mother's life described to the cherished sovereign and much loved mother making c. i'm looking down the street comparatively flushing like a big rank of police motorbike to i'm sure they'll be with us very soon while we wait for them in terms of the way charles is performed in these haiti days since his mother. it's extraordinary. with james earlier about, just the difficulty that he would

u. s. dollar before partly recovering. it fell nearly 5 percent as markets opened in asia on monday. it comes as concerns of growing over the u. k is economy, or to which do government unveiled, major tax cuts. investors have been on nerved by the huge amount of money that the government is borrowing to fund that package. i'll just here is, need barca tells us more now about what this means for the british economy. given the pound, plummets is a value to $1.04 for over nice is reflected in asian markets when the markets opened. here in london, it did ratty slightly, and now stands at around $1.07 the pixie $100.00 index is up marginally as well by 17 points decimal point 2 percent. but given how far the pound did plumb about plummets over the last 24 hours, it's hugely spooked investors. it's deep be worried. consumers on the long term projection of all of this is that they could well be parity between the pound and the dollar. before the year is through warm forecast is suggested that there is a 60 percent chance of that happening in the next few months. and what does this mean? well, it could be massively significant for both

u. s. dollar before partly recovering, it fell nearly 5 percent as markets opened in asia on monday. it comes as concerns a growing grow rather over the u. k. is economy, the government unveiled major tax cuts on friday. the lebanon's government has passed its budget for 2020 to approve. the spreading club is protested gathered in the capital pavement. and those are the headlines. we'll have more news for you on the 0 of the inside story next. ah, will italy have his 1st female prime minister right when coalition that by georgia, maloney is set to take a majority of seats in parliament. that'll pave the way for the country's 1st bar, right government since world war 2. so what will that mean for italy and europe? this is inside school. ah, her walk them to the program on hasn't seek of italy appears to be on course to elect its 1st female prime minister and 1st far right leader. since benito mussolini, the coalition will be led by georgia, maloney who's credited with giving her party the meteoric rise. it needed to win a national election. analysts say her uncompromising attitude has struck a chord with frustrated electorate who see malone

she always presides over in the u. k, but she did not do it this year. prince charles did it. instead, she would always, for example, go to the remembrance day celebrations of the wrong words. but remembering those who died in the 1st and 2nd, well pause and other was as well. she would always lay of reef. again, she wasn't able to do that. and even at the great celebrations for her 70th birthday, her 70th year of it, sorry 70 years on the throne. she wasn't seen particularly often at that huge event either. so i think that's all very telling that things have been not been good for a while. but this, as i say, is the very 1st time that fucking policy issued something which is quite so serious concern, as you say, on medical supervision. and now we just wait, and it comes to ward the end of a week that has been very busy for the queen as carl mentioned, i'm sure, seeing off her 14th prime minister boris johnson in that transfer of power over to liz trust, i mean, what you make of helmet that might have contributed. yeah. and she obviously should have done that in buckingham pal

downing street. less trust has to hit the ground running with relief, a millions of families all over the u. k. facing crippling energy bills as from january triple the cost, she's going to put together some sort of plan to freeze those bills. it will cost billions of dollars for now. she's hiring and firing. one of the 1st to go was dominic rob, who was deputy prime minister in the last government. he was a supporter for which he, sooner and not only that, he described the tax plans and his trust as intellectual suicide, quasi quite sang. he's going to be appointed chancellor of the finance ministry of the u. k. he's a key ally and he's also sharing the ideologies of less trust in growing the economy and cutting taxes. james cleverly is the current education secretary in the last government and he will be promoted to foreign secretary dealing with russia's invasion of ukraine and the european union. there major issues, he'll face sweller. barava mon is going to be home secretary, the interior minister. she will be dealing with a host of internal issues, domestic issues. the key point to these

we're just rolling over the existing agreement that the u. k. enjoyed as a member of the european union and those new trade agreements were far from beneficiaries for the u. k. self. so here record was poor and if he used to continue down this path for the 6 intellectually dishonest in effect proposition and global future exist far away from the closest neighbor and trading partner, then i don't expect my success. the key ease in re engaging that they have to be on the union constructively building across economic and political relationship. because our challenges are common and only join solutions can actually get us out of the current deal political situation that we're in, rod in london. what about the so called special relationship with us? president biden has been critical over the northern ireland protocol issue. where, where do you see the relationship with washington heading? so continue, is he primarily embarrass johnson? always shoes, relations with america. bigger, i suspect least trust is going to do the same, in part because it's a

over yet. and the u. k. new prime minister lives trust has begun announcing her cabinet of her living. her 1st speech with prime minister. she promised to tackle a host of challenges there, including the cost of living crisis, labor unrest, and soaring energy prices. walking into a multi pronged crisis. but the you case, 4th prime minister in 6 years is undeterred. we will transform britain into an aspiration nation with high paying jobs, say streets, and where everyone everywhere has the opportunities they deserve. i will take action this day and action every day to make it happen as prime. and despite her optimism, trust, acknowledged, urgent measures are needed to deal with soaring costs that are fueling a cost of living crisis. and these business labor unrest will also be high on the agenda. i will dr. referral, i will take action this week to deal with energy bills and to secure all future energy supply. but it's not just the economy. earlier in the day trust traveled north, where she was formerly appointed as prime minister by the queen at her residence in scotland. the nation wi

u. k. government, they've risen to over 4 percent. and that's huge because if you remember just a year ago yield, don't any government bonds were below one percent. and now we are about 4 percent, that's a very substantial increase in interest rates, which is going to be felt throughout the economy because loads and loads of long term rates are based on those yields. why is this affecting the pound so much? why? why? why is the pound fallen so protect precipitously and in the last few days? but the one reason, of course, is that inflation now used to be a little bit higher. now remember of course that we had a budget mini budget, which not only of course, injected this extra money into the economy, but also gave the amounts of money that would be needed for an electricity price freeze, which was introduced also by the new government. um, but of course we hadn't heard some of the details now that the electricity price raised itself should be bringing inflation down quite significantly by possibly 4 percentage points. so the bank of eng

u. s. dollar before partly recovering, it plunged nearly 5 percent as markets opened in asia. on monday, the drive comes as concerns growing over the u. k. economy after its due government unveiled major tax cuts. investors have been unnerved by the huge amount of money that the government is promising to borrow of fund that package. mark households, the chief economist and global strategist at 80 m investor services international. he joins us now live from london. before we get into the, the whys and wherefores mark, i just want to know whether you think this downward trend for the pound will continue. it recovered in slightly in european trade. but are we likely to see piracy with a dollar? do you think in the next few weeks again to be hovering round this level for a little while? what we've done in terms of re pricing the u. k. interest rate so much higher than a us dollar interest rate introduces a risk premium, which probably will attract people because as much as right interest rates have gone up are not still not very high. and we are on a basis where people will feel happier, that the risks are sufficiently priced in by that i