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5 Things You Need To Know, Today, on Thursday 11th May 2023
5. Disney says its flagship streaming service lost 4m subscribers in the first three months of the year amid a wider cost-cutting drive.
At the same time the Disney+ platform narrowed its losses by $400m (£316.5m).
4. Google has announced it is rolling out generative artificial intelligence (AI) to its core search engine.
The move comes after Microsoft incorporated GPT-4 into its Bing search engine earlier this year.
3. British property surveyors reported a drop in demand in April as new buyers turned more cautious ahead of the Bank of England's latest expected interest rate increase.
The Royal Institution of Chartered Surveyors (RICS) said its measure of new buyer enquiries fell to a net balance of -37 in last month from -30 in March, the lowest since January.
2. People in the UK lost £1.2bn to fraud in 2022, the equivalent of £2,300 every minute, according to bank industry group UK Finance.
It said around three million scams took place - slightly less than the previous year - with frauds involving payment cards being the most common.
1. The Bank of England is widely expected to raise interest rates for a 12th consecutive time today as it tries to stop prices rising so quickly.
The Bank rate is forecast to go up from 4.25% to 4.5% following a meeting of the Monetary Policy Committee.