Cut of half a Percentage Point on wednesday has spurred investors sending us markets into record highs. Traders cheered the Central Banks big call cutting the main Interest Rate to between 4. 75 and 5 . Opening the door with a bang on the first rates Easing Cycle in more than four years. President biden hailed the move as good news for consumers but said there was more work to be done in taming inflation. Lets be clear. The fed lowering Interest Rate is not a declaration of victory, its a declaration of victory, its a declaration of victory, its a declaration of progress. Its a Signal Weve entered a new phase for a colony and are recovery. I believe its important for the country to recognise this process because we dont, the progress we made will remain locked in the fear of negative mindset dominating our economic outlook since the pandemic began. Fed officials have made it clear that this cut was only the beginning and investors seem to have liked what they heard. For more, lets get
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Hello, im azadeh moshiri. We start this hour with the latest on the electronic Pager Explosions in lebanon. Multiple reports say that israels mossad Spy Agency placed explosives in thousands of hezbollah pagers, before they detonated across lebanon on tuesday. So far, Israel Hasnt commented. The united states and the us im have called for calm and the russian Foreign Ministry said the aim of the attack was to provoke a big war, and there was, in the Middle East. 11 people have died and almost 3000 people were wounded. Lebanon says hundreds are in a critical condition in hospital. Some were blinded. 0thers lost fingers all required amputations. Separately, israeli and us sources say israel detonated the pagers earlier than planned, fearing that hezbollah had become aware of the plan. In another Development Police Have visited the offices of a company in taiwan, as the pagers seemed to carry a taiwanese brand. The boss of the company, Gold Apollo, has denied any involvement in the attack
Hello, welcome back. Lets turn to the deadly floodIng thats hIt Central Europe. At least 21 people have dIed In the czech republIc, romanIa, austrIa, and poland. The clear up operatIon Is underway In the PolIsh CIty of nIIsa, where more than 40,000 resIdents had to evacuate to hIgher ground. Than 40,000 resIdents had unusually heavy raInfall has caused extensIve damage across a huge area, wIth the storms set to move onto Italy next, wIth Flood Alerts In place for most of the country. Sarah raInsford reports from poland. ThIs Is now the only route to safety from another PolIsh Town cut off by the floods. Boats sent to the rescue of those whod called for help as the Water Rose In theIr homes. The very edge of town Is now the only dry spot left. How much water . Really, so hIgh . Yeah. Scary, scary. Yeah. One of the rescuers descrIbed It he saId untIl around about 4 00 In the mornIng, they were tryIng to reInforce the RIver Bank to stop It from floodIng, but the Water Burst through and It