Night was unprecedented in its size and scale. At least 12 people are known to have died but that figure is likely to rise. Newsnights David Grossman has spent the day at the scene. The first call to the fire brigade was just before 1am. This the first call to the Fire Brigade Wasjust before 1am. This man the first call to the fire brigade was just before 1am. This man was there and filmed what he and his friends saw. When i got there, One Fire Engine wasjust friends saw. When i got there, One Fire Engine was just arriving and unloading. They grabbed an axe from the back and i could see people. I went to the second floor to the corridors. I helped them out. It was smoky on the second floor. As i was coming out, the fire brigade coming up coming out, the fire brigade coming up through the front entrance. Georgia clarke is a key architect and tv presenter. I could not believe what i saw. The whole thing was on fire. I assume that it started on the other side which i cannot see, the east
To hold talks wit the main parties in Northern Ireland at downing street. Now on bbc news all the latest Business News live from singapore. She has done it us Interest Rates rise to their highest levels since the 2008 financial crisis but now what . Overall we continue to expect that the economy will expand at a moderate pace over the next few yea rs. Moderate pace over the next few years. And it is crunch time in the bidding warfor years. And it is crunch time in the bidding war for toshibas chip years. And it is crunch time in the bidding warfor toshibas chip unit but wary as japan, which has traditionally stood behind its troubled companies . Hello, welcome to Asia Business report. Despite lacklustre growth the American Central Bank has taken steps to cool the Worlds Largest economy, forging ahead with the second Interest Rate rise this year, signalling another is on the cards in 2017. The fed reserve, led by the chair, janet yellen, had plans to shrink the Bond Holdings and massive
The fed raises Interest Rates and says it will start unwinding its 4. 5 trillion stimulus programme. But is the us economy really Out Of The Woods . Plus roam if you want to. The eu scraps extra mobile charges for travellers from today after a decade long battle. But will users end up footing the bill anyway . Welcome to World Business report. Im sally bundock. Also coming up the end of an era forjapan inc. Toshibas set to sell off its Chip Division as it battles for survival. We start in the us where the central bank, the Federal Reserve, has raised the cost of borrowing, as was widely expected. Its the second increase in three months, and comes despite some fairly mixed data on the health of the us economy. Lets show you the details. The fed has raised its main Interest Rate by 0. 25 . That takes its target range to between 1 1. 25 the highest it has been since before the 2008 financial crisis. And its set to go higher the fed is forecasting one more increase this year. It also annou
At 10 00, we will get weekly crude inventory numbers from the u. S. Which are expected to drop. At 2 00, it will be the fed decision followed by Janet Yellens press conference 30 minutes later. We will bring you live coverage starting at 1 00 p. M. Today. First, we want to give you a preview of that decision. And so, we turn to mike mckee in washington. Mike, there is not much suspense on what they are going to do on the rate. What are we looking for . Mike it sounds like a cliche, but it is about what they do and not what they say. We will look at the soft patch to see why they need they feel the need to raise rates anyway. What are they going to say about unemployment . It is now below where they were projected in march. The cpi numbers could be very important, because they have to explain what is going on with inflation which has dropped off significantly. Is it going to continue to drop . If so, why do they think so . This all has to do with what wall street takes as its forecast.
Reference to the improvement we have seen in the labor market from just the past several months to the beginning of the year. They have done this before especially as they are winding down the bond program. If it does not satisfy what theyre looking for, they will extend the time and looking for and since the beginning, the labor was great here and we will raise rates and continue to do so. We continue to shout out to someone 18 months ago. That was your colleague. 18 to 24 months ago, they move around a little bit, but the slow growth environment in retail sales, is there any a 3 gdp out there for Morgan Stanley . Coming from the trump administration, you will have to take at least half of one percentage off here that remains to be seen. One thing we know for certain is Michael Mckee is a low Interest Rate person. A followup question to the chair bordered on route and i couldnt believe you said it. Translate that rest. What is a low Interest Rate person . Were donald trump was coming