In business, the fed cuts rates but not enough for President Trump. He accuses Chairjerome Powell of having no guts, no sense, and no vision. Good to have you with us. It is now thursday. The week is whizzing by. A warm welcome to the programme, briefing you on all you need to know in global news, business, and sport. Also in business briefing, we take a look at huaweis latest smartphone. Its launched today, but due to the us ban its unlikely to have google apps. So wed like to know are you still interested . Tell us what you think. Just use the hashtag bbcthebriefing. Canadas prime Ministerjustin Trudeau has apologized for wearing brownface make up to a private school gala in 2001. Back then he was working as a teacher at that school. The photo obtained by Time Magazine shows mr trudeau at a party which was themed arabian nights. He is wearing a turban and robes with his face, neck, and hands completely darkened. Our north america correspondent david willis reports. The photograph appeared in a School Yearbook 18 years ago. Now its come back to haunt canadas Prime Minister. Pictured in robe and turban, brown paint on his face and hands, as Justin Trudeau. Turban, brown paint on his face and hands, asJustin Trudeau. The event, and arabian nights gala at the posh private school in vancouver where he was teaching at the time. In 2001, when i was a teacher in vancouver, they attended an end of year gala where the theme was arabian nights. Id dressed up in an aladdin costume and put make up on. I shouldnt have done that. I should have known better, but i didnt. And im really sorry. Asked if he should resign, mr trudeau had this to say. Sorry. Asked if he should resign, mr trudeau had this to sayli sorry. Asked if he should resign, mr trudeau had this to say. I think there are people who made mistakes in this life and you make decisions based on what they actually do, what they did, and on a case by case basis, i think. They did, and on a case by case basis, ithink. I deeply they did, and on a case by case basis, i think. I deeply regret that idid basis, i think. I deeply regret that i did that. They should have known better. But i didnt. The convocation of the picture comes just a week afterJustin Trudeau lost his Election Campaign and political rivals have been swift to condemn his actions launched. Well, its troubling. Really, its insulting. Anytime we hear examples of brown face or black facing, really, its making a mockery of someone really, its making a mockery of someone for what they live and what the lived experiences. Think he needs to answer for it. I think he needs to answer for it. I think he needs to answer the question why he did that. A politician of the instagram age, Justin Trudeau had carefully cultivated an image of a champion of canadas racial and ethnic minorities. A progressive on issues ranging from gender equality to indigenous rights. Now some are asking is that another side to him . I think is that sort of hypocrisy. Like right away the opposition came out tonight and said it was still racist to dress up in brown face in 2001. He is the son of one of this countrys most famous Prime Ministers. He had all the education any well. He was a teacher at the time. Its hard to understand how we couldnt conceive that that would be racist. Even though it was 18 or 19 yea rs racist. Even though it was 18 or 19 years ago. Justin trudeau had just started to pull ahead of his main rival in the polls with little over four weeks to go until the election. But this will mean for his re election prospects remains to be seen. Saudi arabia has produced what it says is wreckage which it claims proves iran was involved in attacks on two of its Oil Refineries at the weekend. The Defence Ministry unveiled parts from what it says are 18 drones and seven cruise missiles fired from a direction which it claims rules out yemeni rebels as the source. The us secretary of state has suggested the attacks were an act of war. The latest from our middle east correspondent quentin sommerville. Here is what saudi arabia failed to stop the remains of a swarm of 18 drones and seven missiles, a terrible miss that knocked out 5 of the worlds Global Oil Supply in an instant. The attack was launched from the north, and was unquestionably sponsored by iran. And, despite the pile of enemy debris before him, he praised saudi defences. Well, we are pretty proud about our air defence. 0ur air defence have intercepted, until now, almost 232 ballistic missiles. But what saudi arabia didnt say, as the United States has done, is that this was a direct attack from iran, and from iranian soil. Instead, it said it was sponsored by iran. These two bitter enemies have proxies throughout the region. Any direct escalation would spread like wildfire, and would be difficult to contain. Arriving injeddah today, the us secretary of state, mike pompeo, called the attack an act of war. Injune, the us blamed iran for these attacks in the gulf of oman. Last years abandoned nuclear deal and us sanctions have fuelled confrontation. Good morning, Prime Minister. Iraqs Prime Minister, speaking to the bbc, urged his neighbours to exercise caution. Well, i hope we dont go to attack they attack each other, really, because if we have an open war, it will not stop. This is a very dangerous war. This is not like any other wars. This was an attack with global implications. Tonight, President Trump and borisjohnson spoke and called for a united diplomatic response hardly fighting talk. Few want to run the risk of this crisis raging out of control. Quentin sommerville, bbc news, beirut. Lets brief you on some of the other stories making the news. The Prime Minister of finland, who currently holds the eus rotating presidency, said the uk has two weeks to set out its brexit plans. After meeting the french president , antti rinne said the two agreed the proposals should be produced in writing by the end of september. This position has not yet been agreed with other eu nations. The israeli Prime Minister, benjamin netanyahu, has cancelled a planned trip to new york to address the Un General Assembly next thursday as he tries to stay in power following tuesdays general election. No party is in a position to form a majority government. A tanker has exploded following a massive fire at a chemicalfactory in istanbul. Metal pieces rained down on passers by following the blast. Its not yet know what caused the fire in the district of tuzla. Strong flames and smoke impeded the work of firefighters. India has announced a complete ban on e cigarettes with immediate effect. The government says they pose a health risk, particularly to young people, and are being used as a style statement. Few people vape, currently, in india, but the country has more than 100 million adult smokers, making it a huge potential market for e cigarettes. Business briefing is coming up in 20 minutes. Will be live to mumbai to get more on that story eye just mentioned. And we are focusing on the latest actions on the part of the latest actions on the part of the Us Federal Reserve, the most powerful central bank in the world. The Us Federal Reserve has cut Interest Rates again, by a quarter of a percentage point, citing a Global Economic slowdown and trade tensions. President trump has been pressuring the central bank for Lower Borrowing costs to boost the us economy and weaken the dollar. So was he happy . N ot exa ctly. Heres what he had to say on twitter i think we are quite clear on his thoughts on the matter. Jane foley, senior fx strategist at rabobankjoins me now. Good morning, jane. Good morning. Interesting the response from President Trump. We knew he would Say Something of the back of the press c0 nfe re nce Say Something of the back of the press conference from Jerome Powell. He did. It is not the first time he has criticised the Us Federal Reserve. We stand back and think why is he doing this . And perhaps there area is he doing this . And perhaps there are a few reasons for this. First of all, we know there is a us election next year. We know there are risks ofa us next year. We know there are risks of a us recession next year. Perhaps he is lining up the fed to be the fall guy come that election he can say it wasnt my fault, it was the federal reserve. There is Something Else going on as well, it is the trade war. There is a lot of pressure in washington, on both sides of the house, or the president to be quite strong against china. And, of course, if the fed were to cut Interest Rates more than many people would say it allows the president to be even more hawkish with respect to trade. It balances out some of those Downside Risks to the economy from trade wars, if he we re the economy from trade wars, if he were to cut rates a little bit more. Again, possibly he wants the fed to do more on that side, on Interest Rate cuts, so he can stand up to china a little bit more. What impact does this have on the us dollar . That is really helpful, or not, as the case may be to the us as it tries to export more, and as it deals with imports and this trade imbalance they have got. The fed has cut Interest Rates twice this year. If you look at economics textbook that would say that if a country cuts Interest Rates the currency wea ke ns cuts Interest Rates the currency weakens and that should be good for exports. Unfortunately, in real life, can be a little more complex. That would be generally what you would expect from a small economy. In the case of 2019 what you have is a lot of banks around the world cutting Interest Rates. 0ther Central Banks have cut Interest Rates more aggressively, but also especially for the us, the dollar is the dominant currency in the International Payment system. What we have is a lot of people demanding dollars, just because it is used, for instance, for overseas loans. A lot of people in overseas countries. No matter what the fed does it remains a strong compared to other currencies. Thank you, jane, finau. Jane will be back later for the news briefing. We have so much to discuss. Now we focus on other news to discuss. Now we focus on other news for now. The Trump Administration has announced it is revoking californias ability to set its own emissions standards on cars. The president claimed in a tweet that the move would allow manufacturers to produce far less expensive cars for the consumer, while at the same time making the cars substantially safer. This will lead to more production, he suggested. The governor of california has described the president s claim as factually inaccurate, and the state has begun a legal challenge as Gareth Barlow reports. Los angeles, americas second largest city is known for its sweeping skyline, hollywood sign, and in the past, smog. In the 1970s, as cars choked the street and the emissions choked via, the state was allowed to set its own tough environmental standards. Allowed to set its own tough environmentalstandards. Now, though, donald trump has reversed that. In a series of tweets he said the Trump Administration is revoking californias federal waiver on emissions in order to produce filers of cigars for the consumer, while at the same day making because substantially safer. Old and highly polluting cars will be replaced by new extremely environmentally friendly cars. There will be very little difference in emissions between the california standard and the new us standard. The president also claimed the move would create the manufacture of more jobs and cars. The governor of california, gavin newsom, disagreed. Its about the oil industry. It is not about the car manufacturer, is not about the car manufacturer, is not about the car manufacturer, is not about consumers, its not about their health. It is not about our economy. Its about oil companies. 0ver economy. Its about oil companies. Over a dozen other states have adopted californias stricter standards and the Democratic State has already taken steps to block the effo rts has already taken steps to block the efforts of the republican president. 0ur communities are screaming for help to address the climate crisis. Unlike the Trump Administration, we dont run scared. And so whether it is Climate Change or an administration recalcitrant in taking on its responsibilities, we are prepared to leave, we are prepared to fight. Until the court cases have been completed, there is no knowing if Donald Trumps efforts will blow over or if the environmentally progressive state will have to take a new course. Gareth barlow, bbc news. Stay with us on bbc world news. Still to come japans rugby players hope to make home advantage count as they prepare for the world cups opening game against russia. 30 hours after the earthquake that devastated mexico city, rescue teams still have no idea just how many people have died. There is people alive and there is people not alive. We just can help and give them whatever weve got. A state funeral is being held for princess grace of monaco at the church where she married prince rainier 26 years ago. It looked as though they had come to fight a war, but their mission is to bring peace to east timor, and nowhere on earth needs it more badly. The governments case is being forcefully presented by monsieur badinter, the justice minister. Hes campaigned vigorously for the abolition, having once witnessed one of his clients being executed. Elizabeth seton spent much of her time at this grotto, and every year, hundreds of pilgrimages are made here. Now that shes become a saint, its expected that this area will be inundated with tourists. The mayor and local businessman regard the anticipated boom as just another blessing of st elizabeth. Youre watching the briefing. 0ur headlines canadas Prime Minister, Justin Trudeau, has apologised after Time Magazine uncovered a picture of him wearing brownface make up at at party 20 years ago. Saudi arabia has produced wreckage of drones and missiles which it says proves iran was involved in saturdays attacks on two Oil Refineries. Cheating is a major problem in video games, and it is becoming increasingly lucrative. A teenage hacker has told the bbc how he can make thousands of dollars a month by hacking games and selling cheats. It comes as four alleged hackers were arrested last week in china for similar offences. 0ur Cyber Security reporter joe tidy has more. This game shouldnt be this easy, but i am playing with cheats, hacks that alter the way gameplay is to give me extra abilities. Cheat hacks have become a major problem in competitive gaming. But who are the hackers behind them . You could get in some serious trouble for this. Yeah. If ubisoft decides to go after you because of copyright infringement, youre in for a tough time. In fact, four chinese hackers just like him were recently arrested for creating and selling cheats. Police say they made 1a0,000 being arrested. This teenage hacker, we will call him lukas, runs a small operation from the netherlands. His business can still make almost £1500 a week. It was only a hobby. I could make a lot of money on it. I know some customers that are actually in the top, top ranks. By using our product. So hang on. Some of the top ranked level players in this game use your cheats . Yes. Apparently there are even a few people that use it in, like, propertournaments. Lucass cheats are currently undetected, but players using other hacks have been caught red handed. What has this the sports star tries to delete the evidence during a live high profile tournament. He was banned and sacked from his e sports team. Look at that. We have loaded it up and i can see much further. You can shoot completely, and when i shoot someone, it hurts them a lot more. This is a completely different game now. Cheating in gaming is almost as old as gaming itself, but things have changed a lot since the early days. Back then, a few cheat codes would affect the Single Player or maybe a group of mates. But now gaming is online, it is global, and it is highly competitive, and a lot of people are saying that cheating has got out of control. It is spoiling it for millions of players. This is a gaming streamer. For them it could be a lot of fun, like i won the round, but they didnt get a fair shot at all. Games can last half an hour, that is health an hour of game time that has been wasted. Acres of pergamon go recently got a game shutdown. Ubisoft, the makers of this game, say they are committed to tackling the issue, and used several tools to detect peters pokemon go. But the way the cheat industry is moving is making it even harder to police. Cheats are being sold in enc