In other developments, hezbollah s Deputy Chief says it is ready for an israeli Ground Offensive and will keep up the fight against israel. The group will choose a successor at the earliest opportunity after the assasination of the Groups Leader, Hassan Nasrallah, by israel on friday. These are the live pictures from the same area. You can see the smoke still rising. Well, we had been able to see some of the smoke rising over the city. A Planejust Landing there. But that is the scene there. But that is the scene there in beirut. There is some of the smoke after that wave of israeli strikes has been continuing. 0ur Correspondent in beirut, hugo bachega, has the latest from there. In beirut, eyes on tv to watch hezbollah s number two, naim qassem, who spoke for the first time since the assassination of the Groups Leader by its greatest enemy, israel. And he was defiant. Speaking from an undisclosed location, he said the killing of Hassan Nasrallah last week was a big blow. But he tried t
I m ritika gupta. Welcome to business today, live from New York, us shares have made a strong start this thursday as investors wrap their heads around Thatjumbo Half Percent cut in Interest Rates from the Federal Reserve and later comments from chairjerome powell. Was it a Panic Measure in response to a sharp slowdown in the economy . Traders remember similar moves just before the Dotcom Crash the Global Financial Crisis and the pandemic. Well, in his Press Conference Mr powell was keen to dispel any such negative thoughts. The us economy is in a good place and our Decision Today is designed to keep it there. More specifically the economy is growing at a solid pace. Inflation is coming down closer to our 2 objective over time and the Labour Market is still in solid shape. Our intention is really to maintain the strength that we currently see in the us economy. Lets bring in steven schoenfeld, ceo of financial Data Provider marketvectors here in New York. We see equities rallying today.
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
Diverting forces, resources And energy towArds the north. These events confirms thAt there is A serious risk of A drAmAtic escAlAtion in lebAnon, And everything must be done to Avoid thAt escAlAtion. Hello And welcome. On the context in the next hour. After A second dAy of deAdly explosions Across lebAnon, tArgeting hezbollAh, well be live injerusAlem, lebAnon And wAshington. IsrAeli leAders sAy theyre opening A new phAse in the wAr, And the Centre Of GrAvity is shifting to the north. Well Ask whAt does thAt meAn . Also on the progrAmme the us CentrAl BAnk goes big with its first Interest RAte Cut in four yeArs, lowering its key Lending RAte by hAlf A PercentAge Point. And who is briefing AgAinst the LAbour Chief of stAff Sue GrAy And why . As the bbc is told she eArns more thAn her boss the prime minister. We stArt in lebAnon, where theres been A fresh wAve of explosions Across the country, which hAve killed At leAst 1A people, with more thAn A50 injured. HAnd held rAdios or WAlkie TA
Joining me tonight are political Strategist And Commentator Rina Shah and columnist for the i and former Labour Executive Director of Policy Andrew Fisher first , the latest headlines. Israels Defence Minister has said the military is opening a new phase in the war, and will be diverting troops and resources northwards. Yoav gallant was speaking to troops at an airbase near the border with lebanon. It comes as 14 people have been killed and at least a50 injured in further explosions across lebanon involving Walkie Talkies. The us Federal Reserve has cut Interest Rates by half a Percentage Point in its first reduction since the pandemic. It puts the Central Banks benchmark Lending Rate at between 4. 75 and 5 , sharply lowering the cost of borrowing with less than 50 days to go until the us president ial election. The Foreign Office has summoned the russian ambassador to the uk over the expulsion of six british diplomats from moscow. A spokesperson Accused Moscow Of Making malicious and