Caution at the Bank Of England. It keeps Interest Rates on hold but the governor tells us they are optimistic that Borrowing Costs are on the Path Down. Over on Wall Street though the party is back on. Shares hit a new Record High as the fed says the economys in a good place despite Itsjumbo Rate cut billion dollar breaks Australias Economy rides a wave of interest in surfing. It is the government fully with the sport . All those puns to come a little later in the programme. We start here in the uk where the bank of England Governor Andrew Bailey has said Interest Rates are now gradually on the Path Down despite the Banks Decision to keep the cost of borrowing on hold today. The banks main rate was left at 5 after it was cut last month for the first time in more than four years. The bank ratcheted up Interest Rates to try and control inflation which hit a peak of 11. 1 back in 2022. Since then inflation has been brought down significantly its sitting just above the banks target curre
Hello, im azadeh moshiri. We start this hour with the latest on the electronic Pager Explosions in lebanon. Multiple reports say that israels mossad Spy Agency placed explosives in thousands of hezbollah pagers, before they detonated across lebanon on tuesday. So far, Israel Hasnt commented. The united states and the us im have called for calm and the russian Foreign Ministry said the aim of the attack was to provoke a big war, and there was, in the Middle East. 11 people have died and almost 3000 people were wounded. Lebanon says hundreds are in a critical condition in hospital. Some were blinded. 0thers lost fingers all required amputations. Separately, israeli and us sources say israel detonated the pagers earlier than planned, fearing that hezbollah had become aware of the plan. In another Development Police Have visited the offices of a company in taiwan, as the pagers seemed to carry a taiwanese brand. The boss of the company, Gold Apollo, has denied any involvement in the attack
SImultaneously exploded across lebanon In what appeared to be a sophIstIcated remote attack. Hezbollah, whIch has Been desIgnated a TerrorIst OrganIsatIon by the uk, Israel and other western countrIes, has called It the bIggest securIty breach. At least nIne people dIed and nearly 3000 were Injured. Blasts were reported In supermarkets, homes and on the streets of the country, whIch shares borders wIth Israel and syrIa. Lebanons Health MInIstry says 200 people are In a crItIcal condItIon and that hospItals are beIng Inundated wIth the wounded. 0ur Correspondent Graham satchell reports. It was an audacIous, unprecedented attack. All across lebanon, thousands of pagers explodIng at the same tIme. Many were on the street. Some, lIke here, In peoples homes. Some In supermarkets. Emergency servIces struggled to cope wIth the scale of the attack. Thousands of hezbollah members sufferIng InjurIes In the same Instant. Israel hasnt commented, but few have any doubts about Its role. So how was I
Of Thousands Ofjobs for other programmes leaving the state. Our business correspondent, theo leggett, joins us now. As we heard, this is Notjust A grievance about rejecting a 25 pay rise, this is problem going back over 15 years, what is the history . We have seen in this vote which was absolutely emphatic, 96 of both pulled voted for the strike shows the depth of feeling between the workforce against management and how little trust there is between the workforce and bowing management. As you say, that does go back a long time because in past renegotiations of Contracts Bowing was in a strong position and it went into these negotiations threatening to remove production from the pacific Northwest Area and take it into other states. That went down very badly with Boeing Workers in the region who are to accept reduced terms and conditions including the removal of Pension Schemes and those resentments have remained. Over the past few years as well while boeing has been trying to mmp while