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US economy shrinks for second quarter in a row

The latest data unofficially marks the start of a recession.

The latest data unofficially marks the start of a recession. Many other countries would class two quarters of decline as a recession, but the US uses different criteria. We get analysis from Sarah House, senior economist at one of America's biggest banks, Wells Fargo.

Diageo is one of the world's biggest drinks firms, and it published its latest results today. The company grew both sales and profits. We speak to CEO Ivan Menezes and ask how Diageo is beating the cost of living crunch.

Inflation in Turkey could reach an eye-watering 90% this autumn, according to the country's central bank. What does that mean for business owners, and what can they do? We get the views of Ozer Bener, who runs a manufacturing firm in Ankara, and Arev Sebechi, who runs a clothing firm.

And as the 22nd Commonwealth Games kick off tonight with the opening ceremony at Birmingham's Alexander Stadium, we get a sense of the atmosphere there from the 大象传媒's Rob Mayor, who's at the festival site in the heart of the city centre in Victoria Square.

(Picture: Groceries at a supermarket till. Credit: Getty Images)

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27 minutes

Broadcast

  • Thu 28 Jul 2022 14:32GMT