Earlier on friday, huge plumes of smoke could be seen rising from the capital of lebanon, after israel said it fired a series of rockets into beirut. The israeli Defence Force says it was targetting hezbollah s headquarters, as huge explosions leveled buildings in beirut s densely populated Southern Suburbs. Hezbollah S Leader, Hassan Nasrallah was reportedly the target of the explosions. Neither Israel Nor Hezbollah has formally confirmed his status. At least six people died in the attack and more than 90 have been injured according to lebanese officals. The embassy of iran which backs hezbollah called the attack a dangerous, game changing escalation. Our bbc teams on the ground describe the situation as chaos, with ambulances rushing to the scene through roads packed with people trying to flee. Our Correspondent Hugo Bachega has the latest from beirut. Scenes of war in beirut. Hezbollah s conflict with israel returning to its stronghold of dahieh, with a series of massive explosions
I m ritika gupta. Welcome to business today, live from New York, us shares have made a strong start this thursday as investors wrap their heads around Thatjumbo Half Percent cut in Interest Rates from the Federal Reserve and later comments from chairjerome powell. Was it a Panic Measure in response to a sharp slowdown in the economy . Traders remember similar moves just before the Dotcom Crash the Global Financial Crisis and the pandemic. Well, in his Press Conference Mr powell was keen to dispel any such negative thoughts. The us economy is in a good place and our Decision Today is designed to keep it there. More specifically the economy is growing at a solid pace. Inflation is coming down closer to our 2 objective over time and the Labour Market is still in solid shape. Our intention is really to maintain the strength that we currently see in the us economy. Lets bring in steven schoenfeld, ceo of financial Data Provider marketvectors here in New York. We see equities rallying today.
Caution at the Bank Of England. It keeps Interest Rates on hold but the governor tells us they are optimistic that Borrowing Costs are on the Path Down. Over on Wall Street though the party is back on. Shares hit a new Record High as the fed says the economys in a good place despite Itsjumbo Rate cut billion dollar breaks Australias Economy rides a wave of interest in surfing. It is the government fully with the sport . All those puns to come a little later in the programme. We start here in the uk where the bank of England Governor Andrew Bailey has said Interest Rates are now gradually on the Path Down despite the Banks Decision to keep the cost of borrowing on hold today. The banks main rate was left at 5 after it was cut last month for the first time in more than four years. The bank ratcheted up Interest Rates to try and control inflation which hit a peak of 11. 1 back in 2022. Since then inflation has been brought down significantly its sitting just above the banks target curre
Stay with us on Bbc News for continuing Coverage And Analysis from our team of correspondents in the uk and around the world. Good evening. More than 1,700 prisoners in england and wales have been allowed out ofjail early today as part of a new Government Scheme to try to ease prison overcrowding. They had been sentenced to up to 5 Years Injail and have served 40 of their time rather than the usual 50 . They are just the first wave to be released early. Around 2000 more will follow over the next two months. The government says those jailed for more than 4 years for serious violent offences, or for sex offences and domestic abuse are not eligible for early release and that every available measure is being taken to protect the public. Heres our Uk Correspondent daniel sandford. At wandsworth prison today. 0h . Inmates walking free early from their sentences, celebrating with their friends. Some Hiding Theirfaces as they left the jail. Lets go lets go home 0thers Making Up for lost time w
Unrest returned to the lebanese city of tripoli on thursday after overnight clashes between Security Forces and protesters that left one man dead Security Forces fired tear gas and crowds angry at the lack of compensation for workers during the coronavirus lockdown the protests started in the city on monday and are spreading to beirut and other areas. A court in germany has found a neo nazi guilty of assassinating regional politician. In the town of castle 2 years ago and sentenced him to life in prison newco was a member of Angela Merkels c. D. U. Party and had spoken out in support of refugees. This is the news from by lynn followers on twitter and instagram at news of visit our website w dot com folks. Ask yourself who among your family and friends has taken on more responsibility more work more burden since the coronavirus emerged well the answer for most of us women its estimated that one year of the pandemic has wiped out 10 years of job gains for women in a recession that some a