Joe Biden makes economic pitch in major speech

US President Joe Biden is seeking to re-introduce his vision of middle-class American prosperity in a major speech in Chicago.

His plan — branded by the White House as 'Bidenomics' — is aimed, the administration says, at rebuilding the economy "from the middle out and the bottom up, not the top down."

Our US Correspondent Benji Hyer reports. 

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British water companies seek to raise bills by 40%

British water companies are seeking to increase household water bills by as much as 40% by the end of the decade.

They've told the industry regulator they need extra cash to improve infrastructure in order to prevent sewage being dumped into the country's waterways.

Declan Curry has more.

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Banking Sector in Focus as Fed Releases 'Stress Test' Results

The Federal Reserve will release the results of its annual 'stress tests' for US banks later today. [WEDNESDAY]

The tests come on the heels of the collapse of three regional lenders earlier this year.

Ira Spitzer reports.

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World Bank Says 101 Million Nigerians in Need of Succour This Year

The World Bank says about 7.1 million Nigerians would plunge into poverty if the government fails to provide palliatives for them.

This follows the removal of subsidies on petroleum products in the country.

Correspondent Tesem Akende reports from Jos.

Take Radio

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South Koreans just got one or two years younger

 CUE: Millions of South Koreans woke up this morning (Wednesday) to find themselves one or two years younger.

The country has abandoned a traditional system dating back centuries for giving people’s ages, to fall in line with the rest of the world.

Here’s Andrew Wood – who used to live in South Korea – to explain

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France reacts to riots after teenager shot dead by police

More than 20 people have been arrested in France after overnight riots in towns across the Paris capital region, sparked by the killing of a teenager by police on Tuesday.

24 police officers were also injured responding to the unrest.

Ross Cullen reports.

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Indian drug maker used toxic industrial chemicals in cough syrup: Report

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Reports say Indian drug maker Marion Biotech used industrial-grade chemicals instead of pharmaceutical-grade materials in its cough syrup that's been linked to the death of 19 children in Uzbekistan.

Indian officials are currently investigating Marion, which has denied any wrongdoing.

Ishan Garg has more from New Delhi.

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UK GOVT TO MEET REGULATORS OVER PRICES

The UK finance minister's meeting consumer watchdogs (On Wednesday) to discuss whether they could do more to limit price rises.

Chancellor Jeremy Hunt wants to know if the energy, water and communications watchdogs believe companies are profiteering amid high inflation.

It follows research by the Trussell Trust showing one in seven people in the UK faced hunger last year because of a lack of money.

Helen Barnard from the charity says it's hearing of more and more people running out of options.

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U.S. stocks rise on strong economic data

Strong economic data out Tuesday helped boost sentient on Wall Street
during trading hours.

And investors were also buoyed by some positive comments out of China.

William Denselow reports from New York.

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Epstein’s suicide blamed on jail’s negligence and misconduct

Disgraced financier Jeffrey Epstein's suicide followed a series of
negligent behaviors and mismanagement at a federal jail in Manhattan.

That's what a U.S. Justice Department's inspector general's report,
released nearly four years after his death, has concluded.

Gabrielle Fahmy reports.

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Climate change made US heat dome five times more likely

With temperatures topping 120 degrees Fahrenheit in some parts of the
US, scientists have found human activity is making these extreme
weather events more likely.

Southern US states have been under a heat dome for the last few weeks.

Nick Harper reports from Washington.

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Malaria cases in Texas and Florida prompt CDC alert

The Centers for Disease Control and Prevention has issued an alert after a number of cases of malaria were detected in Texas and Florida. It's the first time in 20 years that the mosquito-borne infection is spreading locally in the United States. And experts warn things could get worse. Toni Waterman has more.

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French president focuses on policies for Marseille in three-day visit to southern city

The French president has outlined new measures to tackle organised crime, along with policies focused on education and the school system, during a three-day trip to the southern French city of Marseille.

Ross Cullen reports.

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Recording linked to Trump classified document case emerges

A number of U.S. media outlets have obtained an audio recording that
appears to reveal Donald Trump looking through classified documents
after leaving office.

The former president has pleaded not guilty to federal charges
relating to his handling of sensitive materials.

William Denselow reports from New York.

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Cleaner flips switch, destroying years of research

A cleaning company is being sued after one of its employees destroyed
decades of groundbreaking research by shutting off a lab freezer.
The incident took place at the Rensselaer Polytechnic Institute in
Troy, New York back in 2020.
The institute's legal team claims the company that employed the
cleaner failed to adequately train their employee.
Jody Jacobs has that story...

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ECB President Christine Lagarde warns that inflation is still "too high"

The President of the European Central Bank says inflation in the Eurozone is still "too high" and "is set to remain so for too long."

Christine Lagarde was speaking at the ECB's Forum on Central Banking in the Portuguese resort town of Sintra.

Giles Gibson has been following the conference from Rome for us.

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Ugandan Police Hands over 11 More Bodies of ADF Attack After DNA Tests

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Ugandan Police have handed over 11 more bodies of students who were burnt beyond recognition to their parents after their DNA results were matched.  

At least 37 students and 5 locals were killed at a school near the border with DRC by suspected Allied Democratic Forces terrorists.

Isabel Nakirya reports

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AUDI EXECUTIVES GIVEN SUSPENDED SENTENCES OVER DIESELGATE

Three former executives at the Volkswagen Group have been given suspended sentences for their role in the diesel emission scandal. 

The closely watched trial follows a multi-year investigation into the role Volkswagen subsidiaries Audi and Porsche played in the scandal which wiped billions from the company's share price and rocked the German auto industry. 

From Berlin, Trent Murray has more. 

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Nigeria Needs $34.5 Billion Investments to Bridge Electricity Gap by 2030

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Nigeria would need to invest $34.5 billion to provide electricity access by 2030. That's according to a report by the Renewable Energy and Energy Efficiency Association-Alliance.

The country has struggled to meet the electricity needs of its population of over 200 million for decades averaging a distribution of 4,000 megawatts per day.

Correspondent Ajeck Mangut reports from Abuja

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India's PM Chairs High Level Meeting to Review Manipur Ethnic Violence

Nearly two months since ethnic clashes first broke out in India's north eastern state of Manipur, the region remains tense with more than 40,000 security forces still deployed there.

On Monday, India's Prime Minister chaired a high-level meeting where he was briefed on the security situation in the state.

More than a hundred people have died and over 40,000 people displaced in the region since the clashes first began in early May.

Sreoshi Mukherjee reports...

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