welcome to our viewers on pbs in america and around the globe. meta has announced it will reinstate donald trump s facebook and instagram accounts, two years after he was suspended, following the capitol riots. nick clegg, the president of global affairs, has laid out the reasons for the decision on the meta website. he says: and that: well, the former us president has also given his reaction on his own social media platform, truth social. saying that: he goes on to say that: well, joining me now for some analysis is our north america correspondent, peter bowes. hi, peter. give us a background overview of the story and by donald trump got banned from meta in the first place. it trump got banned from meta in the first place. the first place. it goes back to january the first place. it goes back to january 6th, the first place. it goes back to january 6th, 2021, - the first place. it goes back to january 6th, 2021, the | the first place. it goes back. to january 6th, 2021,
From new york, heres the bbc s north America Business correspondent, michelle fleury. Stubborn inflation pushes back the timing of the first rate cut. The Us Federal Reserve voted to keep its Benchmark Lending Rate at a 23 year high on wednesday. Officials have said they want more certainty that inflation is under control before they Lower Borrowing costs. They do not have that yet. Here is chair, jerome powell, during his press conference. The economy has made considerable progress towards our dual mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. W
Leading to the company having to pay out compensation to customers and slowdown its production of its 737 max. Its also being investigated by Aviation Regulators and the Us Department ofjustice. The figures tell us that revenues were down by 8 . Lets cross to new york now to erin delmore, our north America Business correspondent. Its not a surprise given boeing has beenin its not a surprise given boeing has been in the news so much lately are not in a good way. If anything may be the surprising thing is that the results were little better than expected. Expectations were low and thatis expected. Expectations were low and that is after a door blew out of a Jet Injanuary and in the resulting months that has slowed production for the plane maker. They reported a First Quarterly revenue drop in seven quarters and cashman was higher in the First Quarter but a little better than expected. The defence business was also a bit better than expected and the Service Business had good margins. Thos
Hello. Good to have you with us. I am sally bundock. Lets now dissect the top business stories. We start in the us where tesla has revealed the biggest slump in earnings in more than a decade as the road gets increasingly rocky for the electric car industry. Tesla made profits of 1. 1 billion in the first three months of the year. Thats a fall of 55 on this time last year. Revenues were 9 lower and both numbers were worse than investors had been expecting. But tesla shares which have taken a pounding this year jumped around 11 in after hours trade after the company promised quicker progress on new more affordable models. From new york, heres erin delmore. Its been a rocky road fit for this year. High Interest Rate that taking a bite out of consumer Purchasing Power and pushing big purchases out of reach. Competition with china especially over electric vehicle maker byd is heating up. Sales have been falling and so has its stock. It up. Sales have been falling and so has its stock. So h
Bbc our horses have returned to the barracks and are undergoing veterinary care. Three soldiers are in hospital receiving treatment and their injuries are not deemed to be life threatening. The bbc understands a fourth person was injured who was a cyclist and a member of the public. Plenty more on the bbc news website on that. Those alarming scenes we saw earlier today in central london. I think we can show you the pictures . No, while we wait for business ben thompson is here. Letsjust wait for business ben thompson is here. Lets just show you that auction thats going on in vienna at the moment, that painting that had been found. Very unusual apparently. The auction is just starting for that painting and you can see it on the left of your screen. This painting that has been found and its supposed to be extremely significant and very unusual. They are expecting it to reach somewhere between 30 million and 50 million. So a huge amount expected and we will wring you that when we have it.