We start with the cost of borrowing, because the worlds most powerful central bank, the us Federal Reserve, has cut Interest Rates for the First Time Since the financial crisis more than a decade ago. The move disappointed financial markets, not to mention President Trump. They wanted a bigger cut or at least a clear signal that more cuts will come. But the move is part of a global trend of falling borrowing costs from europe to asia to south america as the Economic Outlook grows more uncertain. Lets show you the details. The fed cut its main Interest Rate by 0. 25 to a range of 2 2. 25 . Chairman Jerome Powell citing signs of a global slowdown. Last week European Central bank chief mario draghi made it clear it they are going the same way with markets expecting a rate cut in september along with more stimulus measures. Today its the turn of the bank of england. Its not expected to cut today, but markets are betting it will do so by december, amid rising risks of a no deal brexit. It w
On investors mines. Minds minds. Thousands of staff at Deutsche Bank are worried about their jobs, after confirmation that up to 18,000 posts worldwide are to be cut over three years. Its part of a radical reorganisation of the german lender which is shrinking its Investment Banking business. It hasnt said where jobs will be lost, but with almost 8,000 staff, london is the home to its biggest trading operation. Our Business Correspondent katy austin explains why the cuts are being made. 0nafairly long on a fairly long list of long term problems, the german backhand bead we re problems, the german backhand bead were falling share price, Money Laundering scandal. It had been widely expected to cut back its underperforming investment operations and today it is announced a radical reshaping plan which will see it significantly reduce its Investment Banking arm are stopping many of its Share Trading operations was up along the way, 18,000 jobs will go as a result, globally. That will go as
asset trading platform in the united states coinbase. this comes after they announced they would be suing they announced they would be suing the largest crypto exchange biance, accusing it of engaging in a web of deception by operating an illegal digital asset exchange and sending billions of dollars of customer deposits to a separate trading firm owned by its chief executive. biance said the accusations were misguided and they would defend themselves vigorously. we can speak to our reporter in new york. it feels like you said this, we did this, and they will defend themselves, but it shows how difficult it is to regulate something when technology is moving at such a pace. it is something when technology is moving at such a pace- at such a pace. it is important to take a step at such a pace. it is important to take a step back at such a pace. it is important to take a step back and at such a pace. it is important to take a step back and to - at such a pace. it is imp
Praised for bringing down the sky high murder rates and raising Economic Growth but critics say hes trying to tighten his grip on power eighty is after he supported a coup against the previous president. As the headlines just over this next up its inside story and ill have the news after you straight after that thanks for watching often are. A number of International Brands have pulled the ad for us from you tube its in response to a u. K. Investigation that found the video sharing site running ads next to inappropriate videos of children so how should we release online content this is inside story. With. Hello there and welcome to the program im laura caro you tube is the worlds most Popular Video sharing site one point five billion users watch and upload videos on the website which makes it a natural fit for advertises but the company has come under fire after a u. K. Based newspaper found out of its running alongside inappropriate videos of children and comments the times investigat
Countries have dubbed held efforts in combating terrorism with it militarily financially or in terms of political and intelligence cooperation and those are the headlines on aljazeera inside story is coming up next and a reminder you can always keep up to date with all the news on our website aljazeera dot com. A number of International Brands have pulled the ad for us from you tube its in response to a u. K. Investigation that found the video sharing site running ads next to inappropriate videos of children so how should we release online content this is inside story. Hello there and welcome to the program im nora you tube is the worlds most Popular Video sharing site one point five billion users watch and upload videos on the website which makes it a natural fit for advertises but the company has come under fire after a u. K. Based newspaper found out of its running alongside inappropriate videos of children and comments the times investigation found there were many videos of preteen