clean up the aviation industry? we get airborne to find out. we start in the us where the central bank has raised the cost of borrowing to its highest level in m years as it tries to rein in soaring prices. the federal reserve hiked its benchmark rate by three quarters of a percentage point to a range of between 3% and 3.75%. the feds chair, jerome powell, warned there were more rises to come, but said there is no painless way to get inflation under control. households and businesses here in the uk are also braced for more expensive borrowing with the bank of england widely expected to announce a hefty rate rise in the next few hours. more on that in a moment. first, let s hearfrom our us business correspondent michelle fleury in new york. the message from the federal reserve unmistakable, we are here to fight inflation, this is the first time us central bank has raised interest rates and smudged in response to prices rising at the fastest pace for four decades, prices r
Back on track with targets like ending extreme poverty and tacking climate change. And president s and Prime Ministers will take the opportunity to seize the global spotlight including us President Joe Biden who arrived On Sunday Evening in new york. To talk about all of this and what we can expect from the week ahead, im joined now from new york by michael bociurkiw, Global Affairs analyst and Non Resident Seniorfellow at the atlantic council. Lets talk about who is not going to be there, rishi sunak, emmanuel macron, and modi, xi jinping. Quite a list. What do you make of those absences . Quite a list indeed. Un Secretary General laid it down and says this isnt a chauffeur vanity fair. Show for vanity fair. Id more leaders are using that excuse, that they are very busy, so they are sure show up in certain summits. In the case of rishi sunak, if reporting is to be believed, he is not only very busy but afraid to be called out at the un Climate Summit for not performing well enough on
Like ending extreme poverty and tacking climate change. Tackling. And president s and Prime Ministers will take the opportunity to seize the global spotlight, including us President Joe Biden who arrived On Sunday Evening in new york. Earlier i spoke to michael bociurkiw, Global Affairs analyst and non resident Senior Fellow at the atlantic council, about what we can expect from the week ahead. Lets touch on whos not going to be there. First french president Emmanuel Macron, british Prime Minister rishi sunak, xi jinping, Vladimir Putin, indian Prime Ministerand jinping, Vladimir Putin, indian Prime Minister and arranger modi, among others. It is quite a list. What do you make of those absences . Yes, it is quite a list indeed. Well, the un Secretary General played it down and says this isnt a show for vanity fair. Whoever comes, he will engage with them. But im finding World Leaders are using more and more of that excuse, that they are very busy, so they are show up at certain summits
Like ending extreme poverty and tacking Climate Change. And president s and Prime Ministers will take the opportunity to seize the global spotlight, including us President Joe Biden who arrived On Sunday Evening in new york. Earlier, i spoke to michael bociurkiw, Global Affairs analyst and non resident Senior Fellow at the atlantic council, about what we can expect from the week ahead. Lets touch on whos not going to be there. French president macron, british Prime Minister rishi sunak, chinese president xijinping, russian president vladimir putin, indian Prime Minister narendra modi, among others. It is quite a list. What do you make of those absences . Yes, it is quite a list indeed. Well, the un Secretary General played it down and says this isnt a show for vanity fair. Whoever comes, he will engage with them. But im finding World Leaders are using more and more of that excuse, that theyre very busy, so they are show up at certain summits. In the case of the uk Prime Minister, if re