at an annual rate of half a percent injuly, although the price of services has continued to rise. that s raised hopes that after 11 hikes in the cost of borrowing, the fed may have won the battle against soaring inflation. all eyes now are on official employment numbers for august out later today. the fed will want to see a continued slowdown in hiring and pay rises. we certainly got an indication from thejobs report we certainly got an indication from the jobs report and from the adp report that the jobs could be weaker than anticipated, which would be good because that implies the fed might not need to raise rates september or november. also unemployment rate remaining very low and the hourly wages actually being equal to or less than last month, so again, inflationary pressure is probably coming down. let s speak to joshua mahony, chief market analyst at scope markets. has the fed nailed this? has it achieved a possible dream soft landing for the us economy, tackling infla
it is eight in the morning in singapore and eight in the evening in baltimore, were six people are presumed to have died after a container ship struck a bridge, bringing it crashing down. search teams have now suspended they work for the day. it s thought the ship lost power and the crew on board were helpless as it headed toward the supports of the francis scott key bridge. this is the moment the huge container ship struck the bridge. as you can see, it triggered a reaction with several of the spans falling into the water. the crew had been able to send a warning ahead of the collision, meaning vehicles were barred from entering the bridge, potentially saving dozens of lives. moments ago, the us coast guard shared this update. i would like to announce tonight that based on the length of time that we have been on the search, the extensive search efforts that be put into it, the water temperature, that at this point, we do not believe that we will find any of these individuals
it s 9am in the morning here in singapore, and 9pm in the evening in baltimore, where six people are now presumed to have died, after a container ship struck a bridge, bringing it crashing down. so far, only two people have been rescued. this is the scene live in baltimore, where the search and rescue operation has now been suspended and it will now be moving to a recovery mission. it s thought the ship lost power, and the crew on board were helpless as it headed towards the supports of the frances scott key bridge. this is the moment the huge container ship struck the bridge. as you can see, it triggered a reaction with several of the spans falling into the water. the crew had been able to send a warning ahead of the collision, meaning vehicles were barred from entering the bridge, potentially saving dozens of lives. the us coast guard shared this update a short while ago. there is an announcement tonight that based on the length of time that have gone into the search, the e
more dry weather and more sunshine. some showers and again on the hills they are likely to be wintry in nature. a breezy day, but light winds. temperatures 8 13 c, north to south. that leads us into the easter weekend itself. fewer showers around on saturday. sunday looks like we could see some rain later in the day coming into southern england, pushing north overnight and getting into scotland on easter monday. relief in store better news on the cost of living, as uk grocery prices rise at their slowest pace in over two years. but when, if ever, will they start to fall? plus, a roller coaster ride why the cost of your day out could be going up, and down, and up again, as surge pricing comes to a theme park near you. welcome to world business report. i m ben thompson. we start with the economy here in the uk because there is some better news on the soaring cost of living. a retail industry report has found that grocery prices are rising at their lowest level in more th
hello i m matthew amroliwala. welcome to verified live three hours of breaking stories and checking out the truth behind them. the un secretary general has said nothing justified what he called the collective punishment of the palestinian people in gaza. speaking at the un s human rights council in geneva, antonio guterres accused member states of turning a blind eye to international law, the geneva conventions and even the united nations charter. his comments came, hours after israel s prime minister, benjamin netanyahu, said a ground invasion of rafah where 1.5 million palestinians are sheltering would go ahead, whatever happens in hostage negotiations. the israeli military has now presented the war cabinet with a plan for the evacuation of palestinian civilians from rafah. the us has previously warned israel that an offensive, without proper planning, would be a disaster . one of the development. the palestinian government which administers parts of the is