Caution at the Bank Of England. It keeps Interest Rates on hold but the governor tells us they are optimistic that Borrowing Costs are on the Path Down. Over on Wall Street though the party is back on. Shares hit a new Record High as the fed says the economys in a good place despite Itsjumbo Rate cut billion dollar breaks Australias Economy rides a wave of interest in surfing. It is the government fully with the sport . All those puns to come a little later in the programme. We start here in the uk where the bank of England Governor Andrew Bailey has said Interest Rates are now gradually on the Path Down despite the Banks Decision to keep the cost of borrowing on hold today. The banks main rate was left at 5 after it was cut last month for the first time in more than four years. The bank ratcheted up Interest Rates to try and control inflation which hit a peak of 11. 1 back in 2022. Since then inflation has been brought down significantly its sitting just above the banks target curre
Over Tomas Mahach winning in an hour and 44 minutes. Draper is guaranteed to face an australia next either the tenth seed Alex De minaur orjordan thompson. Earlier, there was a bit of a surprise in the womens draw when the unseeded Karolina Muchova knocked out the fifth fifth seed jasmine paolini. Muchova, whos back from a long injury lay off, made use of her strong serve to beat the French Open and wimbledon finalist 6 3 6 3. Despite the defeat, paolini was happy with a year where she also won the olympic doubles. This year went really good, but this moment, its both the finals. Of course, happy moments, the Gold Medal as well. I think im really proud of all of this kind of moments. I really enjoyed. Its day five of the paralympics in paris and it started with a flurry of Triathlon Medals a day later than planned after a drop in the Water Quality for the swimming in the seine forced a postponement. But it was better late than never for Home Favourite jules ribstein, who took gold in t
From china. This is on top of the most favoured nation tariff of 6. 1 already slapped onto chinese produced evs that are imported into canada. Now, the government also intends to apply a 25 tariff on imports of steel and aluminium products from china. Canadas finance minister, chrystia freeland, says these measures were about protecting domestic producers. The reality is china has an intentional state directed policy of overcapacity and oversupply, designed designed to cripple our own industries. Talk to the steel sector. Talk to the aluminium sector to understand how effective that has already been. We simply will not allow that to happen to our ev sector. The auto tariffs bring canada in line with its southern neighbour. The us introduced 100 tariffs on chinese made evs in may whilst the eu is also imposing higher tariffs. It comes after Us National Security advisorjake sullivan, whos en route to beijing, touted the need for a united front on tariffs when he met Withjustin Trudeau an
Question though they really werent we were incredibly disappointing if today they said at eight oclock, its a new t shirt. It today they said at eight oclock, its a new tshirt. Today they said at eight oclock, its a new tshirt. It was expected. The only question its a new tshirt. It was expected. The only question was its a new tshirt. It was expected. The only question was where its a new tshirt. It was expected. The only question was where they. The only question was where they were playing and for how long. There was chat about them doing ten wembley dates, more than the eight taylor swift did. Of course those things have to be booked a very long time in advance. Its ending up they are doing four wembley dates, four in manchester, a couple in cardiff, edinburgh, a couple, and also a couple in dublin. And then thats it, they are not going to europe. So i imagine there will be a lot of people that want to go. I imagine there will be a lot of people that want to go. There will be a lot
Its a move that could exacerbate Trade Tensions between western countries and china. From october, canada will impose 100 tariffs on Electric Vehicles from china. This is on top of the most favoured nation tariff of 6. 1 already slapped on to chinese produced evs that are imported to canada. The government also intends to apply a 25 tariff on imports of steel and aluminium products from china. Canadas finance minister, chrystia freeland, said these measures were about protecting its domestic producers. The reality is china has an intentional, state directed policy of overcapacity and oversupply, designed designed to cripple our own industries. Talk to the steel sector, talk to the aluminium sector to understand how effective that has already been, and we simply will not allow that to happen to our ev sector. The auto tariffs bring canada in line with its southern neighbour. The us introduced 100 tariffs on chinese made evs back in may, whilst the eu is also imposing higher tariffs. It