To the string of low Inflation Readings that we had in the second half of last year. The recent data have clearly not given us greater confidence and instead indicate that its likely to take longer than expected to achieve that confidence. Todays remarks highlight the different paths being taken by Central Banks around the world, with the european Central Banks Christine Lagarde reaffirming that the ecb was still on track to cut rates. Many people expect the ecb will cut rates injune. Now, the timing of the first rate cut here in the United States this cycle has become a subject of much debate from main street to wall street to the campaign trail. The fed had previously signalled it intended to cut rates several times this year from a 23 year high of 5. 5 . Us stocks fell after mr powell spoke. Heres how Stock Markets fared in the us after mr powells comments. The s p 500, nasdaq and the dow closed slightly lower. The federal reserve s next policy meeting will start at the end of april
Compared to the last asessment in january. Its big concern is about inflation the rate at which prices are rising. On the global measure the imf is using, it thinks it will be 2. 8 by the end of this year and warns that getting inflation back to their 2 target should be the priority for central banks. For many politcians thats been a key concern as they try to ease Cost Of Living pressures for people around the world. Heres the imf s chief economist. The Global Economy continues to display remarkable resilience with Growth Holding steady and inflation declining. But many challenges still lie ahead. Global growth was 3. 2 in 2023 and is expected to remain at that level both in 2024 and 2025. This represents a 0. 3 percentage point upgrade from our 0ctober projections for 2024, with stronger activity than expected in the us, china and other large emerging markets, but weaker activity in the euro area. 0ur correspondent Michelle Fleury is following this from new york. Lets begin by talkin
Borussia dortmund are 2 1 down after losing to Atletico Madrid in the first leg. For this second meeting, dortmund will be without forward sebastien haller, who has has been ruled out with a recurrence of his left ankle injury. Lets take a look at all the second leg fixtures for the quarterfinals. Later on tuesday, barcelona host Paris Saint Germain at the nou camp, while Atletico Madrid are in germany to play borussia dortmund. On wednesday, Manchester City and real madrid will meet at the etihad. Its 3 3 from the first leg. And Bayern Munich host arsenal its 2 2 from their first leg. Well, england captain harry kane scored a penalty for bayern in the first leg and hes been speaking to the media today. It is no secret that the club set out to win the champions league, every season, so there is an expectation and if you look at our performances this year, there has been a different type of performance in the champions league, we have been together more, willing to do more on the pitch,
Just take us through what shed been hearing at the inquiry this morning. Its building on a theme that started last week from senior managers at the post office. Today it was david miller He Were Benchley became the Chief Operating Officer of the post office. He started his officer in 1970 as a trainee. He was a Project Director of the Horizon It System and its implementation. He was in charge of how it was tested, how it was implemented in the late 19905. How it was implemented in the late 1990s. This mornings evidence was about how that testing wind, and there was off line testing, and there was off line testing, and there was off line testing, and there was live testing with Sub Postmasters. He was questioned about some of the bugs and faults that came up before the system was rolled out across the country. The inquiry heard that during the testing, some of these bugs, including the issue of how cash balances could be effectively changed in the accounts, how it had come to light even
Lawmakers deepfake themselves . In the argentinian elections, we saw both candidates using ai generated images, making themselves look like heroes. And should ancient artefacts stay in a museum, or be taken home . Its a hot topic right now, but alasdair s been looking at a digital halfway house. The cool thing about ar is you can see it as it looks now, but also how it will have looked in the past. Exactly, how it originally looked, right . Welcome to mobile World Congress or mwc. With1. 4 billion phones sold a year thats 28 phones a second its no Wonder Industry Events like these in barcelona take place, and im excited to see whats happening. From the honor magic v2, with its Ground Breaking slimness less than one centimetre when folded. Its so thin and so lightweight, this one. To motorolas latest design that rolls round your wrist, and lenovos laptop with a transparent display all the biggest names are here, fighting for my attention. One of the major Talking Points of the tech worl