so let s get down to business and we begin in the us where the world s most powerful central bank wraps up its monthly meeting later. it s a given the federal reserve will increase the cost of borrowing. the question is by how much. with recent inflation data flashing red the sentiment on wall street has been grim. on monday the s&p 500 entered a bear market after the index fell by more than 20% from january s recent high. our north america business correspondent, michelle fleury, has more from new york. this minnesota petrol station is letting customers know they share their frustration. skyrocketing fuel prices have helped drive up inflation, currently at a a0 year high. customers, our car coming up, ate her at her corolla and gets fuel and at $80, you can t know how much it hits home to people. how much it hits home to ”eole. ,, . , how much it hits home to n-eole. , . , ,, people. gas prices in the us hit a record people. gas prices in the us hit a record of people.
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down significantly on monday as well all these markets on wall street. all eyes will be on how markets react when the federal reserve makes its decision, much of which is priced in, pricing and a 0.75% rise in the cost of borrowing. let s get some of the day s other news. europe s gas supplies suffered a double blow on tuesday after a major us liquefied natural gas export terminal said it would be offline for at least three months and russia said it would cut flows through a key route to germany. the twin threat to european gas imports shows the ongoing vulnerability of the continent to supply disruptions as it tries to reduce its reliance on russian gas. european benchmark gas prices jumped more than 15% on tuesday. now to south korea where unionized truck drivers have ended their nationwide strike after reaching this a tentative agreeement with the transport ministry. the government has agreed to extend their minimum wage system as they face a rise in fuel prices. the eight day strik
issued an apology to the elderly florida couple whose address he retweeted as belonging to george zimmerman. last night he retweeted i deeply apologize for the mclane family for tweeting their address. leave them in peace. some fans may want to stash extra cash in san francisco. they have stopped offering a deal in that city. they ended a promotion because of the high cost of doing business. some say it s about the new minimum wage system of $10.24 that may contribute to the problem. finally two schools of southern virginia were on high alert after man with a fun was spotted nearby. we learned two wasn t a threat but a zil war reenactor. he was speaking to a history class that he brought a rifle as a problem. they continued with the normal scheduling when they discovered the man was doing a job. should religious group on campus open up the leadership