correspondence sent this report. the december note on the us central banks asked meeting showed policymakers are feeling better about inflation. they agreed with investors that interest rates are at or near the peak of the cycle. they also agree it will come down this year. they offered no clues as to how or when that will happen. to remind viewers come at the federal reserve started raising rates in march 2022 to tame inflation. it is so 11 times, taking the benchmark rate to 5.5%. inflation by the time of the last meeting had dropped to 3.2% from a peak of 9.1%. meanwhile, new data out on wednesday showed the number of job openings in the united states fell to 8.79 million in november. this points to weaker demand for labour but is still well above pre covid levels. that is consistent with the fed s goal. to slow the economy without triggering a nasty recession. the feds first ratesetting meeting this year starting january 30. that disappointment is reflected in how us stoc
performance ahead of europe league cups match. there are growing hopes of another truce in gaza with the potential release of more israeli hostages. the united states says serious negotiations are taking place to secure a pause in the fighting between israel and hamas, designated a terror organisation by the uk government. the british foreign secretary, lord cameron, is in egypt today, calling for what he calls a sustainable ceasefire . meanwhile, israeli forces say they ve uncovered of hamas tunnels in the heart of gaza city with entrances connected to the homes of the organastion s leaders. here s our middle east correspondent yolande knell, and just a warning that you may find some of her report upsetting. in khan younis, drones and shelling are the soundtrack of this war. a new day in gaza brings no escape from the relentless bombardment. for little riyan, the attacks have taken a cruel toll. her uncle now cares for her in a local hospital. when herfamily s home was hit
this is a deal and it s good news, i believe, for the american people. the agreement prevents the worst possible crisis, a default for the first time in our nation s history. the two parties have untiljune 5th to reach an agreement to prevent the us government running out of money. our correspondent in washington jessica parker has more. this deal is set to raise the debt ceiling for two years. that s a big win for the white house. why? well, it means that, forjoe biden, who of course is seeking re election in the 2024 presidential race, he won t have to face this political drama, instability, brinkmanship, right in the run up to that presidential election, so he ll be pleased with that. but the republicans are trying to say they ve chalked up wins in terms of policy, so they are talking about, for example, kevin mccarthy, the house speaker, that there will be curbs on spending. he s talked about how there will be tougher work requirements for some people in receipt of food a
routes in the area. there have been concerned the israel hamas would widespread the region. these are two of the world s biggest choke points. the situation has come to a head because two big shipping companies, maersk, the container company and hapag lloyd another big shipping container company have both announced that they would stop sending shipping through the babar el mandeh strip. you have to make a longer passage through the cape of good hope, this might add nine days or six days to the united states. forships days or six days to the united states. for ships traversing from the atlantic to the pacific ocean through the panama canal there are additional issues, let s hear from the independent economist cornelia meyer. cornelia meyer. when you look at trade from cornelia meyer. when you look at trade from shanghai - cornelia meyer. when you look at trade from shanghai to - cornelia meyer. when you look at trade from shanghai to new| at trade from shanghai to new yor
plus speak to experts about what the leaders could achieve. and the cost of the queen s funeral is revealed we ll break down just how much the government spent on the historic event. live from our studio in singapore, this is bbc news. it s newsday. hi, there. it s 8:00 in the morning here in singapore, and 9am in hiroshima, japan, where the country s prime minister fumio kishida hosts his counterparts from the us, the uk, germany, italy, france and canada for the annual g7 summit. it s a packed agenda for the world leaders who ll be discussing the war in ukraine, the rising influence of china and the increasing tensions between china and the west over taiwan. the summit officially begins in the coming hours, but already deals have been struck. british prime minister rishi sunak was among the early arrivals, he s agreed a new defence and economic arrangement with japan. nick marsh is in hiroshima for us. with hiroshima for us. the french president emmanuel with the french p