ECB hikes rates to 2.5%

The European Central Bank has raised its key interest rate to 2.5%, as it steps up efforts to bring inflation under control. Will be taking a look at the kind of impact this is having and will other central banks follow suit.

Oil as hit over a hundred dollars a barrel, with jet fuel costs in some parts of the world pushed even higher.

And the Chinese telecoms giant Huawei goes on trial in New York.

Presenter: Luke Wilson

Producer: Barbara George