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
Chinas richest man heads to detroits uluru is small American Business tallulah small American Businesses. And how do you keep track of 1. 2 billion people . We look at the new biometric identification system. Welcome to Asia Business report. Im sharinjit leyl. Most americans have never even heard of alibaba even though its a Household Name right here in asia, so the giant has gone to detroits. Its a first major eventin to detroits. Its a first major event in the us since it debuted on the New York Stock Exchange two yea rs the New York Stock Exchange two years ago, but the challenge is both to introduce and convince americans to introduce and convince americans to use the platform. Alibaba has to use the platform. Aliba ba has come to use the platform. Alibaba has come to america with a bang. The Chinese Commerce giant is here to show businesses what the company is all about and how it can bea company is all about and how it can be a gateway to the chinese market. The harder sell of co
Unprecedented details of her president ial campaign. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang. This is Bloomberg Technology. Amazon beats on revenues, but a big miss on earnings is dragging the stock down after hours. What the Second Quarter scorecard means for the bottom line and founder jeff bezos. Plus, twitters flatline. It beats on revenues and earnings in the Second Quarter, but did not move the needle on user growth. We will discuss its prospects for a turnaround. And samsung unscathed despite the crises within over the first half of the year. Business is booming for the korean conglomerate. How it is within striking distance of apples top spot as the worlds most Profitable Company. Dipping inon afterhours trading due to disappointment with its financial guidance, especially its projection of a financial loss in the coming qua
Unprecedented details of her president ial campaign. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang. This is Bloomberg Technology. Amazon beats on revenues, but a big miss on earnings is dragging the stock down after hours. What the Second Quarter scorecard means for the bottom line and founder jeff bezos. Plus, twitters flatline. It beats on revenues and earnings in the Second Quarter, but did not move the needle on user growth. We will discuss its prospects for a turnaround. And samsung unscathed despite the crises within over the first half of the year. Business is booming for the korean conglomerate. How it is within striking distance of apples top spot as the worlds most Profitable Company. Dipping inon afterhours trading due to disappointment with its financial guidance, especially its projection of a financial loss in the coming qua
Transgender individuals serving in uniform has not and will not change until defense secretary james mattis has not received receives policy direction from the white house. The chair of the joint chiefs of staff says they will continue to treat personnel with respect. Hillary clinton has unveiled the title of her new book, what happened. It hits the shelves september 12. The 2016 president ial nominee says for the first time she is , letting her guard down and promises to reveal unprecedented details of her president ial campaign. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang. This is Bloomberg Technology. Amazon beats on revenues, but a big miss on earnings is dragging the stock down after hours. What the Second Quarter scorecard means for the bottom line and founder jeff bezos. Plus, twitters flatline. The struggling Network Beats on re