Keeping the us economy ticking. Americas central bank could announce a reversal of the most ambitious Stimulus Programme in history. Central mexico has been struck by an earthquake, which has killed at least 140 people, with many more missing. The 7. 1 magnitude quake brought down dozens of buildings in the capital, mexico city, including a school, where children are believed to be trapped. The Afp News Agency has quoted a Government Official that said that there are over 20 children and four adults that are said to have died at one school in mexico city. The emergency services, helped by hundreds of volunteers, are sifting through the rubble by hand, searching for survivors. James cook reports. Sirens in mexico city they are struggling to save lives. This is one of the most densely packed places on earth. More than 20 Million People live here, and this earthquake has hit them hard. Translation we left, and when we left, the building started collapsing. I mean, 30 seconds after we left
Last months election, following its decision to void uhuru kenyattas victory. His supporters staged protests outside the court in nairobi yesterday. Now its time for World Business report. Merging metals. Tata steel and thyssenkrupp are set to combine to create the second largest steelmaker in europe. Keeping the us economy ticking. Americas central bank could announce a reversal of the most ambitious Stimulus Programme in history. Welcome to World Business report. Im sally bundock. Also in the programme, this is climate week in new york city samira has been talking to Company Bosses there about the battle against Climate Change under a sceptical president. But first, the bbc understands that tata steels european operations and german steel manufacturer thyssenkrupp have agreed the first stage of a deal to merge. The two companies have been in negotiations since last year when tata halted the sale of its uk business. Talks had stalled over tatas huge pension liabilities. But now theyre
G Re Nfell Tower donations made to the victims of the Grenfell Tower fire are not reaching survivors quickly enough, according to campaigners in west london. Also Holiday Hold Ups where in the uk sees the longest delays . Passengers heading off from gatwick are worst affected, as Research Reveals how long travellers spend twiddling their thumbs at airports. Ready for the end of an era . Usain bolt will run his final competitive race this weekend at the World Athletics Championships. Good morning. Its friday, 11th august. Im ben brown. Welcome to bbc Newsroom Live. The us Defence Secretary, james mattis, says america is still trying to use diplomacy to resolve the growing tension with north korea and that war would be catastrophic. His remarks contrasted with those of President Trump, who said his threat to unleash Fire And Fury against north korea might not have been tough enough, but secretary mattis insisted diplomatic efforts were yielding results, though Military Options were ready
Freezing output to give prices of those. Tata steel under investigation in britain. An internal audit showed a lapse and procedures. Follow me on twitter rishaadtv, dont forget to include trendingbusiness. China markets underway at the bottom of the hour. Singapore, taiwan, malaysia starting off. Started with dollaryen. It has been the story going back to the first of april. In fact, just a few minutes ago, we were below the 108 handle against the u. S. Dollar. Briefly above that level at the moment. Analysts if the boj will start to intervene, chances are according to most, not yet. Chance of intervention is quite low according to the bank of singapore. Level look at the average where analysts think the boj might step in, 100 dollaryen. At this level, that would mark the confirmation that the psychology around the currency has completely changed, so watch this very closely. Which brings me to the Japanese Equities session, 15,000 617 is your level here. Will the strength and the japan
We are checking markets in the asiapacific. Stocks gaining a 10th of 1 . New Zealand Dollar continues to strengthen on the weaker u. S. Dollar. Counting down to openings. Futures and sydney pointing to a lower open, but flat on the session. , but wee how it goes did see a selloff in australia on friday. Onck out that aussie dollar the back of u. S. Dollar weakness. When we talk about strength, lets take a look at japan. This is the level right now. At the 18 month high, and worrying exporters and the boj. Futures in chicago pointing to a higher open as oil climbs as well. Yen, searching last week to the highest level since 2014. This is a rally that has confounded most currency strategist. Were taking a look into this. Theres one to you that says we should be looking at the yen through the prism of the bond market. , traders,estors everyone scrambling to explain this meteor ascent for the japanese currency. Through at make sense lot of metrics. Theres no indications that abenomics is t