LIVING STANDARDS CONCERNS AFTER UK 'BUDGET'

Economists are warning the UK government's autumn statement has piled further pressure on so-called "squeezed middle" households.

The Resolution Foundation found that tax rises will mean typical households face a 3.7 percent hit to their incomes.

Chancellor Jeremy Hunt says his measures will help to tackle inflation and restore public finances.

Liberal Democrat Baroness Susan Kramer says many will really feel the pinch.

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Drugs "evergreening" clause in India-UK FTA attracts criticism

Intro:

India-UK Free Trade Agreement is attracting controversy after the medical journal Lancet said one of its clauses could hurt the National Health Service in the UK.

A leaked draft showed that the agreement allows companies to refile patents for medicines – after making small changes to it – a process known as evergreening.

Ishan Garg has more from New Delhi.

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Australian study confirms medical cannabis safe for children with autism

A new Australian study has found medicinal cannabis is a safe and effective treatment for children with autism.

 

12 children with autism were given medicinal cannabis as part of a trial run by the Monash Children's Hospital, with two experiencing complete or near remission of their symptoms. 

Shaun Bindley reports 

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COURTESY AIR NEWS MEDIA - AUSTRALIA 

N Korean ICBM believed to have landed inside Japanese waters

Japan’s Prime Minister believes a rocket launched by North Korea has landed inside Japanese waters.

Officials says the projectile appears to be an intercontinental ballistic missile and are investigating further. 

Chris Gilbert reports from Tokyo. 

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Potentially game-changing fentanyl vaccine developed in Texas

Researchers at the University of Houston say they have created a fentanyl vaccine - in what could be a major breakthrough in the fight against opioid addiction.

The shot would block the drug from entering the brain, blunting the euphoric "high" users get and preventing overdose deaths.

Toni Waterman has more from Texas.

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Pelosi to step down as historic House speaker, as Republicans take over majority

U.S. House Speaker Nancy Pelosi has announced she will step down as Democratic leader, but stay on to represent her San Francisco district in Congress.

She made the announcement as the Republican party took enough seats to gain control of the House after the midterm elections.

Caroline Malone reports from Washington.

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Dutch court convicts three over MH17 downing

A Dutch court has convicted three men over the downing of Malaysia Airlines flight MH17 Ukraine in 2014. One Ukrainian suspect and two Russians were handed life sentences, while another was acquitted. But none of the defendants have been extradited and they are unlikely to face any jail time. Julia Chapman reports from Amsterdam.

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WORKERS PROTEST AT STARBUCKS

Workers at some 100 Starbucks are striking.
They are protesting against what they say is the illegal retaliation
against their union organising.
Jody Jacobs has more...

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Business confidence in Europe at lowest level in 30 years: survey

Business confidence levels in Europe look to be at their lowest in thirty years, according to a new survey by Eurochambres, the association of European chambers of commerce and industry.

The survey, based on responses from 42,000 companies in 25 European states, shows business confidence for 2023 is worse than during COVID-19 lockdowns or during the global financial crisis.

Rosie Birchard is our reporter in Brussels.

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JEREMY HUNT SETS OUT UK AUTUMN STATEMENT ON FINANCES

UK finance minister Jeremy Hunt has set out tens of billions of pounds (dollars) in tax rises and spending cuts to try and stabilise the country's finances.

Opposition parties say the Conservatives are responsible for 'crashing the economy'.

Olly Barratt reports from London.

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Black Sea Grain Initiative extended

The Black Sea Grain initiative has been extended for a further four
months easing fears over global food shortages.

The deal was set to expire this weekend but issues over the supply of
fertilizer from Russia remain unresolved.

William Denselow reports from United Nations headquarters in New York.

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UK Chancellor sets out spending plan

The UK government has set out its plan for stabilising the economy, which will see millions of people pay more in tax.

Presenting his Autumn Statement, Chancellor Jeremy Hunt confirmed the UK is now in recession.

Under his plans, more people will pay the top rate of income tax, while the energy industry will be hit with an expanded windfall tax.

The Chancellor called for 'public spending discipline', but committed more funding for the National Health Service and education.

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US faces divided Congress for next two years

The US faces a divided Congress for the next two years, after the
Republicans clinched a narrow majority in the House of
Representatives.

Even though the Democrats retained the Senate, the expectation is
gridlock for Democratic President Joe Biden's domestic agenda.

Nick Harper reports from Washington.

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Deal allowing exports of Ukrainian grain to be extended

A deal which allows Ukraine to export grain through the Black Sea has been extended, two days before the landmark accord was set to expire. 

The agreement, under which a protected sea corridor was created so agricultural exports from several Ukrainian ports could resume, was first reached in July after wartime blocades threatened food security globally.

Rosie Birchard reports.

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UK Launches $100m Fund to Support Women-owned Enterprises in Nigeria

INTRO

The UK government has launched a $100 million program to provide direct funding to women-owned enterprises in Africa's biggest economy.

The funds will be accessed through the First Bank of Nigeria.

Ajeck Mangut reports from Abuja

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UK GOVT SETS OUT TAX HIKES AND SPENDING CUTS

The UK government's setting out its plan for stabilising the economy and reducing inflation.

Chancellor Jeremy Hunt's Autumn Statement contains tens of billions of dollars in tax hikes and spending cuts.

The Bank of England's warned the UK is probably already in recession.

Torsten Bell is from the Resolution Foundation - which aims to improve the lives of lower-income households - says it's partly about reassuring financial markets.

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Verdict due in trial over downing of MH17

A Dutch court will rule today in a criminal case over the downing of Malaysian Airlines Flight MH17. The plane was shot down over Ukraine in 2014, killing all 298 people on board. Julia Chapman reports from Amsterdam.

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India adopts USB-C as universal charger after EU

Intro:

India is adopting a European Union-style common charger policy for smart devices in the country.

Industry bodies have agreed to a phased rollout – making it eventually mandatory for all smartphones, tablets, and laptops in the country to come with USB-C-type chargers.

Ishan Garg tells us more from New Delhi.

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Xi and Kishida set to meet for the first time

Chinese leader Xi Jingping and Japanese prime minister Fumio Kishida are set to meet for the first time on the sidelines of the APEC meeting in Thailand on Thursday night. 

The two leaders have only ever spoken one time and are meeting amidst heightened tensions concerning China’s military activity near Taiwan. 

Chris Gilbert reports. 

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Former Australian PM Rudd Says China is "Crab-Walking" out of Covid Zero

Former Australian Prime Minister Kevin Rudd says China is "crab-walking' its way out of its Zero Covid strategy.

Speaking at the Bloomberg New Economy Forum he also predicted China would make major changes to its approach by the middle of next year.

Patrick Fok reports.

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