Hello. Im sally bundock. The United States says its involved in intensive diplomatic efforts to prevent a further escalation in the conflict between Israel And Hezbollah in lebanon. The national Security Spokesman John Kirby said the White House didnt believe the crisis could be solved by additional military operations. He was speaking after a second day of explosions across lebanon triggered in Walkie Talkies used by hezbollah. More than 32 People have been killed, thousands have been left injured. Israel hasnt confirmed it was behind the blasts. But the Defence Minister Yoav gallant said it was opening a new phase in its year long war, with the centre of gravity shifting to the North. Our reporter simonjones has more. A Simon Jones has more. A simonjones has more. Funeral in Southern Lebano is a funeral in Southern Lebanon is about to be interrupted. An explosion injuring a hezbollah soldier, causing panic and fear. In beirut, another blast caused by a walkie talkie. A new form of te
In cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a percentage point, bringing it down to between 4. 75 and 5 . A drop larger than many expected, with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed, Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Federal Reserve has delivered a super sized Interest Rate cut aimed at bolstering the us Labour Market. The 0. 5 percentage cut, the first in over four years, brings its key Interest Rate, the federal funds rate, down to between 4. 75 and 5 . It comes amid Signs Inflation in america is continuing to fall, while the Job Market remains strong, even as unemployment h
Bumper cut the Federal Reserve slashes the cost of borrowing by half a Percentage Point. We take a look at what this says about the us economy. And the Bank Of England are minutes away from telling us whether theyre cutting rates or not. Markets think theyre staying where they are. Welcome to business today. We start in the us, and a big move by the Central Bank in cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a Percentage Point bringing it down to between 4. 75 and 5 . A drop larger than many expected with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Fede