Our north america business correspondent ritika gupta has the details. The 0. 5 percentage cut brings its key interest rate, the federal funds rate down to between 4. 75 and 5%. It comes amid signs of inflation in america is continuing to fall while thejob market america is continuing to fall while the job market remains strong even as unemployment has risen this year. The strong even as unemployment has risen this year. risen this year. The labour market is risen this year. The labour market is actually risen this year. The labour market is actually in risen this year. The labour market is actually in solid| market is actually in solid condition and our intentions with condition and our intentions with our condition and our intentions with our policy move today is to keep with our policy move today is to keep it with our policy move today is to keep it there. You can say that to keep it there. You can say that about to keep it there. You can say that about the whole econo
And conflict. And we speak to a professor of japanese history about how accurate the hit series shogun is. We start this hour in the middle east, where at least 20 people have been killed and hundreds injured in a new wave of attacks in lebanon this time it s walkie talkies that have been detonated. The latest blasts come just 2a hours after pagers used by the armed group hezbollah exploded simultaneously across the country killing at least 12 people and leaving more than 3,000 in hospital. Iran which backs hezbollah has described the attacks as mass murder. Hezbollah is blaming israel and has vowed to retaliate. Israeli defence minister yoav gallant says the country is opening a new phase in the gaza war and the centre of gravity is shifting to the north. 0ur senior international correspondent 0rla guerin sent this report from beirut. Hezbollah, coming to bury its dead in south beirut today. Casualties of a new chapter in middle east warfare. Killed not by air strikes, but by ex
the reaction in asia so far has been mixed. Our north america business correspondent ritika gupta has the details. The federal reserve has delivered a super sized interest rate cut aimed at bolstering the us labour market. The 0. 5 percentage cut, the first in over four years, brings its key interest rate, the federal funds rate, down to between 4. 75 and 5%. It comes amid signs inflation in america is continuing to fall, while the job market remains strong, even as unemployment has risen this year. The labour market is actually in solid condition and our intention with our policy move today is to keep it there. You can say that about the whole economy. The us economy is in good shape, it s growing at a solid pace, inflation is coming down. The labour market is in a strong pace. We want to keep it there. In addition, the committee setting rates released its latest forecast which showed policymakers expecting to cut rates by a further 0. 5%. That would us interest rates below 4. 5% b
His comments came after a second day of explosions in lebanon this time involving walkie talkies used by hezbollah. Lebanon s health ministry says at least 20 people were killed in tuesday s walkie talkie explosions. More than 400 others were wounded. Hezbollah, coming to bury its dead in south beirut today. Casualties of a new chapter in middle east warfare. Killed not by air strikes, but by exploding pagers. Apparently, a message from mossad. Among the dead, an 11 year old boy. But even the mourners weren t safe. Explosion. Suddenly, the sound of another blast. Chaos and panic filling the street and a rush to evacuate one of the wounded. The authorities say this time, walkie talkies exploded, not just in beirut. Here, at a cell phone shop in the southern city of sidon. Israel is being blamed for the past 2a hours of unprecedented attacks. Sirens. Well, one more ambulance there passing by. We ve been seeing them in the last half an hour or so. Also fire brigade trucks. People have b