The fed raises Interest Rates and says it will start unwinding its 4. 5 trillion stimulus programme. But is the us economy really Out Of The Woods . Plus roam if you want to. The eu scraps extra mobile charges for travellers from today after a decade long battle. But will users end up footing the bill anyway . Welcome to World Business report. Im sally bundock. Also coming up the end of an era forjapan inc. Toshibas set to sell off its Chip Division as it battles for survival. We start in the us where the central bank, the Federal Reserve, has raised the cost of borrowing, as was widely expected. Its the second increase in three months, and comes despite some fairly mixed data on the health of the us economy. Lets show you the details. The fed has raised its main Interest Rate by 0. 25 . That takes its target range to between 1 1. 25 the highest it has been since before the 2008 financial crisis. And its set to go higher the fed is forecasting one more increase this year. It also annou
For a brexit heavy queens speech without a majority we talk you through whats at stake. Remember the romantic days of supersonic air travel . The days when the concorde was the choice of the jet set. Well its Back To The Future at the Paris Air Show. Welcome to World Business report. Im sally bundock, also in the Programme Toshiba has Just Announced who will buy its prized chip making unit. Well be live in tokyo for the latest. The British Government sets out its legislative programme for the coming year today, and the economy looks set to take centre stage. Ancient custom means its actually announced by queen elizabeth, hence the name of the occasion the queens speech. The recent general election left the governing conservative Party Without a parliamentary majority. So it is currently working on a deal to get the support of northern irelands democratic unionist party. But that minority status could limit how bold the government wants to be, at a time when Economic Growth in the uk is
Explain who the winners and losers. And how sleep became big business. Well meet the man behind a new generation of mattresses giving traditional bed makers nightmares. And as barbies long time boyfriend, ken, gets a makeover hes got new hair styles, body types, new clothes and new skin colours so today we want to know, what childhood favourite of yours should get a revival and makeover . Let us know, just use the hashtag bbcbizlive. Do get in touch about ken, plastic fantastic or not . Also any thoughts you might have about the stories we have including this one about uber. Travis kalanick, the Chief Executive of the Ride Hailing Service uber has resigned following demands from five major investors. Last week he said he was taking indefinite leave of absence after a series of scandals hit the company. Its battling allegations of harassment, discrimination, and corporate misconduct. This is a story that has been getting more and more intense in recent weeks, recently published we re re
Torture, and the murder of hostages in syria. a usjudge has thrown out a motion to overturn the conviction of ghislaine maxwell for sex trafficking, for her role in helping jeffrey epstein sexually abuse teenage girls. maxwell sought a retrial after one of the jurors in the case admitted he had falsely stated he was not a victim of sexual abuse. andy vesey understands the owner of the dodgers baseball team is thought to be the preferred bidderfor the preferred bidder for the chelsea football club. the head of a mosque in the afghan capital, kabul, says at least 50 worshippers were killed in a powerful explosion that struck just after friday prayers, thought to be by a suicide bomber. but taliban authorities in the country say only 10 people died. it s the latest in a spate of attacks during the muslim
The international olympic committee later today. i echo the prime minster s thanks to - later today. i echo the prime minster s thanks to all - later today. i echo the prime minster s thanks to all staffl later today. i echo the prime i minster s thanks to all staff for has the honour to announce that the their minster s thanks to all staff for their help during this last year. i games of the 35th 0lympiad very their help during this last year. i very much are awarded to. their help during this last year. i very much welcome the government s ..brisbane, australia! applause levelling up agenda to ensure economic freedoms are enjoyed by every economic freedoms are enjoyed by every person across our four nations every person across our four nations. hastings and rye is being 0ur correspondent, shaimaa khalil, joins me now from sydney. held back, nations. hastings and rye is being it was an actually quite difficult held back, prevented from achieving its potential largely or partly