clean up the aviation industry? we get airborne to find out. we start in the us where the central bank has raised the cost of borrowing to its highest level in m years as it tries to rein in soaring prices. the federal reserve hiked its benchmark rate by three quarters of a percentage point to a range of between 3% and 3.75%. the feds chair, jerome powell, warned there were more rises to come, but said there is no painless way to get inflation under control. households and businesses here in the uk are also braced for more expensive borrowing with the bank of england widely expected to announce a hefty rate rise in the next few hours. more on that in a moment. first, let s hearfrom our us business correspondent michelle fleury in new york. the message from the federal reserve unmistakable, we are here to fight inflation, this is the first time us central bank has raised interest rates and smudged in response to prices rising at the fastest pace for four decades, prices r
simply by taking the guns away from mass shooters before they commit mass shootings. it s not complicated. it s such an obvious solution that you had to think about why we weren t already doing that. who doesn t want to prevent mass shootings? only the gun lobby, everybody else cares about children. americans say they want red flag laws. why wouldn t they? like supporting black lives matter or fighting climate change or getting the covid shot or standing with the brave people of ukraine. red flag laws seem like one of the ideas that no decent person could possibly oppose. you want crazy people to have guns? of course you don t. who would? so naturally, you are for a red flag laws. you may soon get red flag laws across the country. what would that mean if we do? to things you should know. first, red flag laws will not end mass shootings. but red flag laws will end due process. due process is a simple concept but it s the key to everything good about america. in our system of j
To chris wright, the man responsible for signing Spandau Ballet. The New York Times is offering people a brexit tour of london. It is the brexit means brexit tour. Were asking you today whats your most memorable tour and was it that expensive . Just use the hashtag bbc Business Live. Hello and welcome to Business Live. We start with the worlds second biggest car maker, toyota, which has just reported its latest set of financial results. Its not good news. Full year profits are down 21 . This is the first time in five years that the company has reported a drop in earnings. Our correspondent Rupert Wingfield hayes is in tokyo. Rupert, what more can you tell us about the figures . Good morning, rachel. It is a fall for toyota as expectedment more than expected, but its still, you know, if profits of 16 billion are bad then it is a problem that a lot of companies would like to have, but thats a fall to 1. 83 trillion yen and there is expectation that it will fall again this Financial Year
Indian equities soared to new closing highs, the rupee firmed up and bond yields fell to two-year lows on Monday as investors cheered the likelihood of the Bharatiya Janata Party (BJP) returning to power with a strong majority, based on exit poll numbers.