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
for a week to pay everything. i ust don-t have mi don t have it. and nyambe lewis vau:han don t have it. and nyambe lewis vaughanjones don t have it. and nyambe lewis vaughan jones in don t have it. and nyambe lewis vaughan jones in the don t have it. and nyambe lewis vaughan jones in the studio - don t have it. and nyambe lewis vaughan jones in the studio in i vaughanjones in the studio in london, also in the news this hour. harrowing and callous, a damning report is published into maternity care at east kent hospital trust. the chief investigator says women were not listened to. 202 families that came forward. in 97, deaths, injuries or other harm could have been different if care had been given to the standards accepted nationally. russian president vladimir putin declares martial law in the four regions of ukraine which were annexed last month. they will be expected to work with russia to boost their war effort. good afternoon. figures show that cost of living is ri
vinnitsya for us. give us the latest at this hour. reporter: this is across the street from the blast site. this streetcar, you can see all the windows are blown out. they re trying to figure out how they re going to move it, if it still runs at this stage and how they re going to get it out of here. i ll take you over here. this is called the house of officers. it is actually a concert venue, a theater. it s obviously from the soviet era, quite old. this building was completely gutted on the inside. we can actually walk past the lawn, and you can see inside, bits of it. they are still at least they were a few minutes ago still hosing down parts of it, some of the hottest spots. they re trying to dismantle parts of it. i want to take you over here for one second. people have started to lay flowers here, stuffed animals as well, and the reason why is because earlier in the day, there was a photo that was put out by the foreign minister and other officials showing a strol
victory. and the short, she referred to their, former pence chief of staff, marc short, who testified before the grand jury, the federal grand jury. greg jacob as well they are on the right of your screen. served as a top lawyer to the former vice president. he also testified. which doesn t confirm the prosecutors are planning to make the former president s campaign to pressure mike pence into doing his bidding part of the case against him, but short and jacob s testimony, also with wet griffin just said, might suggest is, as does the washington post reporting yesterday that federal prosecutors have asked hours a detailed questions about the fake elector scheme. news of cassidy hutchinson s cooperation is also suggested because what you can tell prosecutors about former president appearing willingness to turn a mob, some of them he knew to be armed, on the capitol, and then refused to call them off. consider what she s already said to the house select committee. i was in
6 and who has helpful information. do you believe you share responsibility? i believe i did my i don t think think job to the best of my abilities. i don t think we re in a recession. and we re having to cut back a lot just to get by. it is thursday, july 28, 9:00 a.m. here in london, 4:00 a.m. in washington where the u.s. president is now testing negative for covid and coming out of isolation. only to face a deluge of critical domestic and foreign policy challenges. decisions joe biden makes could impact his presidency in the months to follow and his legacy in the years to come. his administration remains under intense pressure to rein in inflation and has a very vested interest in the historic hike to the interest rate. abroad biden is dealing with a new showdown over taiwan and as well as complex communications with moscow. the u.s. government has been loudly condemning russia s aggressive actions in ukraine, but also made a surprise offer to the kremlin on wed