interest rate by 0.25% to a range of between 2.25% percent and 2.5%. the move comes despite recent turbulence on financial markets, and signs that growth is slowing, not to mention ongoing criticism by president trump, who wants cheaper borrowing to support the economy. the fed has now raised rates nine times since 2015. it says it expects to raise them again twice next year, not three times as it was previously predicting. this has been thejustificiation, as far as the fed s concerned. us growth has been recovering strongly since the financial crisis, with unemployment now the lowest in almost half a century. but the recent slowdown means there is a growing debate about where interest rates should be, as michelle fleury reports from the federal reserve in washington, dc. the us economy just the us economyjust got the thumbs up the us economyjust got the thumbs up from policymakers inside here, america s central bank, when they decided to raise its key interest rate by 0.25%
in the markets. and we ll be getting the inside track on health tracking apps the founder of diabetes.co.uk will tell us how he built a community of over half a million members. sorry is the hardest word. the retailer anthropology apologise after it sold good that imitated an artist s designs without her permission. we are asking you today with the company has done you wrong, how has it said sorry? let us know just use the hashtag bbcbizlive hello and welcome to business live. we are going to start with the world s most valuable company apple. later on today the tech titan will revealjust how much money it s made in the last three months. a strong set of numbers would not only boost the business itself, but the whole sector and markets too. let s take a look at some of the numbers they re mind boggling. apple is valued at over a trillion dollars. 12 zeros after its name. only 16 countries in the world are bigger than apple. so it s no wonder that apple makes up 4% of
comes into effect. the trump administration will slap 10% duties on another $200 billion of chinese goods, taking the total to $250 billion. the rate is due to increase to 25% from january unless a deal is reached. china is hitting back with taxes on another $60 billion of us imports, meaning it s now targeting us products worth a total of $110 billion. but it may not stop there. donald trump has warned that chinese retaliation would trigger phase three tariffs on the remaining $267 billion worth of chinese imports to the us. beijing has less ammunition, thanks to america s $375 million trade deficit with china. thanks to america s $375 billion trade deficit with china. but it could resort to other measures such as making life more difficult for us companies operating there. the imf has warned that an escalation could shave 0.5% off global growth by 2020. for america, this is mostly seen as just punishment for china abusing wto rules and stealing foreign technology for ye
it s been a long week for barclays‘ ceo jes staley and it ends with him fooled into replying to an email he thought was sent by the bank s chairman but was actually from a prankster. we ll tell you what he wrote later, but first we want to know have you ever sent an email to the wrong person? just use #bbcbizlive. hello and welcome to business live. we start in europe s economic powerhouse, because in the last half hour germany has released gdp figures for the first three months of the year, and they show an economy that s accelerating. it grew 0.6% on the previous quarter. that translates to an annual rate of 1.7%. it s being fuelled by global demand for the country s exports, like cars and machinery. but it s not all cause for celebration. let me show you why. last year germany clocked up its biggest ever trade surplus, that s how much more it exports than it imports. at $275 billion, germany has one of the biggest trade surpluses in the world. it s a source of tension wi