Whether to cut Interest Rates from five percent. Hello, im martine croxall. We begin with the latest in the Middle East, following two days of explosions in lebanon. The united states says its involved in intensive diplomatic efforts to prevent the conflict between Israel And Hezbollah escalating further. The comments come after explosions triggered in pagers and Walkie Talkies used by hezbollah killed at least 32 people and injured thousands. The leader of hezbollah, which some western states have designated a terrorist organisation, is expected to address the events in a speech later today. Israel hasnt confirmed it was behind the blasts, yet the Defence Minister Yoav gallant has said its opening a new phase in the war, with the centre of gravity shifting to the north. Our reporter simonjones has more. A funeral in Southern Lebanon is about to be interrupted. Explosion an explosion, injuring a hezbollah soldier, causing panic and fear. Screaming in beirut, another blast caused by a w
Change Interest Rates from five percent. The decision, expected at midday, comes after inflation, showing the rise in consumer prices, remained at 2. 2 Per Cent last month. The Central Bank in the united states lowered Interest Rates by half a Percentage Point Yesterday the first cut for more than four years. Lets speak to our Business Correspondent peter ruddick. What is the expectation with the Bank Of England . I knew you will ask me that. I am not a betting man but the one thing we can predict is it is going to be a close decision. The last time the nine Person Committee voted five to four, as close as you can get to cut Interest Rates last time to the 5 level they are now, a quarter of a Percentage Point change. Why will it be so although there is disagreement really among the committee and economic experts about how sticky, how stubborn Inflation Price rises are, there is agreement that the trend is Price Rises and the rate of inflation is coming down but relatively slowly, relat
Welcome, im martine croxall. We begin with the latest in the Middle East, following two days of explosions in lebanon. The united states says its involved in intensive diplomatic efforts to prevent the conflict between Israel And Hezbollah escalating further. The comments come after explosions triggered in pagers and Walkie Talkies used by hezbollah killed at least 32 people and injured thousands. The leader of hezbollah, which some western states have designated a terrorist organisation, is expected to address the events in a speech later today. Israel hasnt confirmed it was behind the blasts, yet the Defence Minister, Yoav Gallant, has said its opening a new phase in the war, with the centre of gravity shifting to the north. 0ur Reporter simonjones has more. A funeral in Southern Lebanon is about to be interrupted. Explosion an explosion, injuring a hezbollah soldier, causing panic and fear. Screaming In Beirut, another blast caused by a walkie talkie. Explosion a new form of technol
Bumper cut the Federal Reserve slashes the cost of borrowing by half a Percentage Point. We take a look at what this says about the us economy. And the Bank Of England are minutes away from telling us whether theyre cutting rates or not. Markets think theyre staying where they are. Welcome to business today. We start in the us, and a big move by the Central Bank in cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a Percentage Point bringing it down to between 4. 75 and 5 . A drop larger than many expected with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Fede
Stop it is a new situation. The stop it is a new situation. The Champions League is the best the Champions League is the best competition in the world so everyone i think is ready, wants so everyone i think is ready, wants to so everyone i think is ready, wants to play, and hopefully it goes wants to play, and hopefully it goes in wants to play, and hopefully it goes in the right direction. Last years Europa League Runners Up Bayer Leverkusen Kick off their Champions League campiagn away at feyenord. After going unbeaten in the bundesliga last season, xavi Alonsos Side have already lost a game this Season But Alonso is relishing being back amongst europes elite. Champions league, it is really special, it is the big one, it is the one that everyone wants to play, and im really delighted we are back in this competition. We have a great, challenging season ahead of us and it is starting here tomorrow. It is going to be a big challenge playing against feyenoord in a great stadium, a great