Hello. Straight to cyprus with these live pictures of the first ship that would use this new maritime aid corridor being loaded with essential humanitarian supplies to be taken from cyprus to gaza. This is expected to open the the first time in the next few hours, European Commission president Ursula Von Der Leyen said yesterday that they expected everything to be ready. It would take several days for the ship to actually make the journey to gaza. It was announced yesterday, and as you can see, they are continuing to loaded ready for departure. The aid is urgently needed the Hamas Run Health Ministry in gaza said 23 people have died from Malnutition Injust ten days. The un says a quarter of gazas population is on the brink of famine, and children are starving to death. The sea corridor i was mentioning earlier is a joint venture, the us, the uk, United Arab Emirates as well, who have been responsible for some of the airdrop aid happening so far, and of course cyprus have been playing t
Traders were also encouraged by new Inflation Data forjanuary that showed the smallest increase in goods and Services Prices for three years. That has added to bets that the Federal Reserve is on track to start cutting Interest Rates injune. Our north America Business correspondent Erin Delmore Reports from new york. All three of the major us Stock Indexes closed out february with a bang. The Tech Heavy Nasdaq Hit an all time high and it is the first time we have been able to say that since november 2021. Another new high for the s p 500. Both indexers enjoyed their best february high for the s p 500. Both indexers enjoyed their best february since 2015. The Dowjones Industrial Average for its part was up as well. That makes february the fourth straight month in the green for wall street and the Leap Day Boost was helped by some new Inflation Data. Well, the market today is reacting to a favourable continuation of inflation coming down in a trend towards the Federal Reserve s target.
right now, house republicans fail to impeach the border boss, fail to deliver an ally in need and they will fail to advance an immigration deal that they themselves demanded. plus an appeals court reveals that donald trump is not immune from prosecution. had what might the supreme court say. and the chair of the republican national committee offers to quit amid tension from trump. good morning to our viewers in the united states and around the world. i m kasie hunt. it s wednesday, february 7th. it s 5:00 a.m. here in washington, where house republicans were delivered a dramatic and really embarrassing defeat on the house floor last night. they failed in their efforts to impeach homeland security secretary mayorkas over his handling of the southern border. the resolution is not adopted. there was so much uncertainty over who would support the effort and three house republicans ultimately decided to vote with democrats against this. those three congressmen brought th
military sources say there are several casualties and injured, with the syrian observatory for human rights putting the number of dead at four. since the war in gaza broke out in october, israel has escalated its attacks on what it says are iranian backed militia targets. we ll have more on this story as it develops. let s turn to the us where a federal court of appeal has ruled that donald trump does not have presidential immunity and can be prosecuted on charges of plotting to overturn the 2020 election. the former president had argued that his executive immunity meant he should not face charges for criminal acts. but the three judge panel rejected that claim. mr trump is expected to appeal against the ruling. our correspondent gary o donoghue has been following the story from washington. of all the cases donald trump is facing, this is the most serious one. it deals with those accusations that he tried to overturn the 2020 election. now, he argued that he had immunity fr
a semiconductor superpower. our asia business reporter monica miller has more. it is a major setback. prime minister narendra modi has made chip making a top priority for india s economic strategy in pursuit of what they say is a new era of electronics making. it doesn t get much bigger than foxconn, which makes roughly 70% of apple s iphones. india estimates that its semiconductor market could be worth $63 billion by 2026. now, we need to go back a little bit to explain how this partnership happened. that was in september 2020 to the taiwanese firm and the indian mining giant agreed to this deal. and part of it was because foxconn was looking at the situation then, which had strict covid restrictions in china, where a lot of these phones are made. they are also concerned about the geopolitical tensions we ve mentioned many times on this programme between the us and china. so it was looking to partner up, which is with the country which is now the largest in the world. but un