Rate rises around the world

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As the Bank of England and the European Central Bank raise interest rates, following the lead of the US Federal Reserve, we get market reaction and the thoughts of a former member of the ECB. We get the latest from Nigeria as the country copes with fuel shortages. And the head of one of Europe’s most important tech companies has told the BBC he's concerned that the world market for microchips could be badly disrupted if further restrictions are put on their exports to China. Our reporter Matthew Kenyon tells us what ASML Chief Executive Peter Wennink has had to say. (Picture: A general view of the Bank of England (BoE) building in London, Britain, August 4, 2022. Credit: REUTERS/Maja Smiejkowska/File Photo)