Its not am here and then agnez, we are now entering the final phase of the first criminal trial of a former President Donald Trump is inside that courtroom there on the right side of your screen as the prosecution spinal and maybe most important witness, Michael Cohen is about to retake the stan moments ago, the judge we are warmer. Shawn, just informed the court that he does expect Closing Arguments will not happen this week, but he does expect them to happen next tuesday because there is no chance of a verdict this week come to see it as a special live cover. On Kaitlan Collins in new york. An object Saverin Washington in minutes testimony resumes with a third day of crossexamination from Michael Cohen, the former trump you would all fix her turn witness for the prosecution. Todd blanche trumps attorney will again ask the questions. The trump attorney landed several notable blows on cohen underlining seeming inconsistencies and cohens memory at one point, Blanche Accused Cohen of inv
The fed raises Interest Rates and says it will start unwinding its 4. 5 trillion stimulus programme. But is the us economy really Out Of The Woods . Plus roam if you want to. The eu scraps extra mobile charges for travellers from today after a decade long battle. But will users end up footing the bill anyway . Welcome to World Business report. Im sally bundock. Also coming up the end of an era forjapan inc. Toshibas set to sell off its Chip Division as it battles for survival. We start in the us where the central bank, the Federal Reserve, has raised the cost of borrowing, as was widely expected. Its the second increase in three months, and comes despite some fairly mixed data on the health of the us economy. Lets show you the details. The fed has raised its main Interest Rate by 0. 25 . That takes its target range to between 1 1. 25 the highest it has been since before the 2008 financial crisis. And its set to go higher the fed is forecasting one more increase this year. It also annou