The trade implications. Scotlands only Oil Refinery is to close with a cost of 400 jobs the Unite Union calls it an act of industrial vandalism. And Credit Crunch why are so many Women Led bUsinesses cancelling Expansion Plans because they are unable to access finance . Well speak to one big bank trying to address that. Live from london, this is bUsiness today. Im mark lobel. The Aircraft Maker Boeing is awaiting news from its workforce on whether its accepted a four Year Pay Deal which could lead to a walkout of up to 33,000 workers. The deal 25 over four years has been backed by the workers iam union, but many employees are not happy with the terms. A result s expected very shortly and could lead to Strike Action in the coming hours. That would affect production of the companys 737 and 737 max aircraft. Heres our North America BUsiness correspondent ritika gupta. Breaking news on the subject. Boeing workers have voted to strike after rejecting a Pay Offer backed by their own union. T
brought by a computer repair man. the decision sparked a year s long scandal inching closer to the oval office. dana: the laptop is at the center of the federal probe. the five year investigation culminated in a plea deal for two miss demeanor but a whistleblower said the charges should have been much stronger. the evidence that we collected during it still met the elements of the criminal violations and everyone participating agreed that document went forward with everyone s concurrence. results in this deal? yeah. bill: that whistleblower reacted to evidence suggesting hunter used his dad as leverage in business negotiations saying he tried to follow the money but was repeatedly stopped dead in his tracks. so that s the crux of one of the issues here is that we weren t allowed to ask questions about dad. we weren t allowed to ask about the big guy. we went allowed to include certain names and document requests and search warrants. bill: team fox coverage today
acknowledging he took those documents and claiming he had every right to take them. under the presidential records act, which is civil, not criminal, i had every right to have these documents. in other words, whatever documents a president decides to take with him, he has the right to do so. it s an absolute right. this is the law. independent legal experts say that s not true. it could hurt him at a trial. is he betting on an election victory for republicans and getting the case dropped? i will speak to former top cia attorney jeff smith about the legal strategy. are more republican politicians, including some rivals, now willing to criticize donald trump s handling of national secrets? the handling of classified materials is a very serious matter. i had a chance to review the indictment over the weekend. this indictment contains serious charges. i can t defend what is alleged. the former president has a right to his day in court. i know he pled not guilty. i will
A move that was expected. The current cost of borrowing now sits at five to 5. 25 , the highest in 16 years. But is the fed finally done with rate hikes . The bbc s Samira Hussain reports from new york. Inflation remains stubbornly high to try and get the cost of living back down to more normal levels. The federal reserve, americas central bank, has raised Interest Rates ten times in a little over a year. And now it seems it may be ready to perhaps take a pause. The committee will take into account the cumulative tightening of Monetary Policy, the lags with which Monetary Policy affects Economic Activity and inflation and economic and financial developments. We will make that determination. Meeting by meeting. The rate rises have slowed Economic Growth in the United States by making it more expensive to borrow money. And inflation is starting to come down. But there have been some unexpected Knock On Effects of the rate hikes. They played a part in the Banking Crisis where three banks
stories and we started in the us. congressional leaders are due to meet with president biden for emergency talks on how to deal with the debt ceiling. reports are coming in the treasury secretary janet yellen has been personally calling chief executives to warn them of the dire consequences a default could have on the us and the global economy. so how did washington get here? samira hussain has been investigating. first of all, this debt ceiling crisis is actually a political crisis, itjust happens to hinge on a must pass piece of legislation to save the country from economic catastrophe, so what is happening here? major consequences for the economy. the us could default on the economy. the us could default on the dead in a metabolic. weeks on the dead in a metabolic. weeks to on the dead in a metabolic. weeks to go before the federal government weeks to go before the federal government is weeks to go before the federal government is unable - weeks to go before the fed