Then go is widely believed to have committed suicide in 890. 00. The us fed leaves Interest Rates unchanged but leaves the door open for a later cut so what does that say about the American Economy and about the Central Banks independence from a pushy president. Also on the show the u. S. Hopes to bolster its coal power plants unveiling new rules that scrap of missions targets and will likely slow the ships renewables. And will take you to a school in a world gonna where the power of play is helping to keep the lights on. Welcome to business im Stephen Beard thanks for watching. The Federal Reserve has left the key lending rate unchanged in the 2. 25 to 2. 5 percent range but some fed officials apparently expect
a rate cut by the end of the year announcing the decision fed chairman Jerome Powell pointed to concerns over weakening Global Growth and volatile International Trade relationships just a day ago similar preoccupations prompted the European Central bank to signal that its ready
a rifle for traditional currencies mark zuckerberg is promising money for the modern world i believe that it should be as easy to send money to someone as it is to send a photo. so we re already testing this in india with about a 1000000 people it s been used a lot in the feedback so far is great and we re already working on rolling this out in a number of other countries later this year but the feedback from key financial figures in europe hasn t been so great french finance minister bruno lemaire says it s out of the question that libor should become a sovereign currency the governor of the bank of england mark carney has said it will need to be subject to the highest standards of regulation security is one of the biggest concerns what with facebook s record on protecting data point out it s not the most obvious organization to trust with your money facebook has to convince us that not only should we not worry about privacy concerns when we share stories
or when we browse the internet through the social networking but financial transactions are now safe as well that s a big that s a very tall order this rather humble looking on facebook in switzerland is the official registered home of libra facebook has promised to keep its house in order and avoid the volatility of other cryptocurrency by pegging libra to real assets and a number of government backed currencies still need to convince uses and financial leaders around the world the lever is backed by more than just look. european aviation giant air bus has sold 50 new long range planes to american airlines the deal announced at the paris air show is a major boost for the a 321 x.l. our model which was launched this weekend is yet to be built its a long range version of the popular single aisle a $320.00 and the order is set to heighten pressure on u.s. rival boeing which came to paris under a cloud after at 737 max jet was grounded worldwide following 2 deadly crashes.
plan in 2015 c o 2 emissions were forecast a full 30 percent by 2030 compared to 2005. the u.s. is deeply divided on climate policy coal mining regions hope to keep their jobs environmentalists are worried about climate change the state of new york has already announced it will file a lawsuit against trump s new energy plan facebook s plan to introduce its own digital currency called libra is facing a backlash and not just from anyone the g 7 the group of the 7 leading economies have given the plan the thumbs down french finance minister bruno lemaire insists that only governments can issue sovereign currencies yet central banks from the group to deliver a report on the facebook plan by mid july. could this be the governor of the world s next central bank when libor becomes usable across facebook s apps including instagram and whatsapp possibly as soon as next year it could well become