A signal we are entering a new phase of our economy and our recovery. I believe it is important for the country to recognise this progress because if we do not, progress made will remain locked in the fear of negative mindsets that dominate our economic outlook since the pandemic began. Investors are cheering the federal reserve s rate cut. Here in asia, japan s nikkei 225 index added around 1. 5% in early friday trading. Us stock markets have also jumped, with the dowjones industrial average and s&p 500 rising to new all time highs. The bbc s ritika gupta has more from new york. Us stocks reached a fresh try and the 500 rose 17% extending the year again to 20% and the dowjones surged over 200 points topping 42,000 for the first time in the majority of industry groups closed out the session higher and big tech outperform dusty rate spurred investors to investors to return to a risk on mood and tesla gained 4%. Stocks traditionally tied to economic growth also jumped traditionally tied
Made a lot of concessions to boeing over the years in various ways, and it seems to be there is a lot of frustration on the union s side and they voted i think 96% to actually go on strike, which is greater than the percentage of voters for the last stroke in 2008. So certainly a very concerning thing for boeing s management and customers. Boeing has a new ceo. The challenges seem to be numerous for him. What do you think his priorities are going to lie, the strike is front and centre. In his career he is known as really good at dealing with workers and working as a team and this will certainly be a very early test of his leadership at the company, and if he can bring the company through, really minimise the time of the strike because of course the impact of the strike, if he can deal with it relatively quickly, then that will be very good for him but of course the longer this goes on the more of a challenge this will be for boeing and it will raise more questions about whether he migh
A packed crowd took in the latest Iphone Launch at Apple Headquarters in a helicopter california. They were all here to see this. Ceo Tim Cook says the Iphone 16 is the first to be built from the ground up for artificial intelligence. The software is integrated into host of applications across the iphone. Take this Photo Editor allowing you to remove people from the background and this tool which helps rewrite your E Mails. There is an upgrade to The Voice assistant, which can now take written commands and is said to work better with natural spoken language. For now Apple Intelligence features will not be available in the eu as executives find themselves in the middle of a dustup with regulators over the digital markets act. The features will, however, be available in the uk. That is when they are released. The Test Version will start with the roll out in the us next month with more coming of the year. When it becomes available analysts say they are keen to use ai available analysts sa
funerals are being held for the 2a soldiers killed in israel s deadliest day since the war began in gaza. there has been intense fighting around khan younis, israel says it has surrounded the southern gaza city. could i hostage deal close, though? reports that israel has proposed a two month pause to negotiate prisoner exchanges with himars. the us and uk carry out joint strikes against houthi targets in yemen for the second time in two weeks. hamas. and oppenheimer leads the oscar nominations with 13 but barbie s margot robbie and director greta gerwig miss out. time for a look at the business news now with lu kwesa burak. it afternoon, lukwesa. could afternoon. good afternoon. we start here in the uk with the government s finances because the amount it had to borrow last month was far less than expected. that has raised hopes the chancellor, jeremy hunt, may have extra room to cut taxes when he announces his spring budget in march. a lot of it is down to lo
are the latest shipping companies to abandon the red sea area. the suez canal handles more than a tenth of the world s trade, but it s particularly vital for the movement of goods between asia and europe. the alternative is a long and expensive detour around the cape of good hope at africa s southern tip. because of the disruption, the cost to ship a container from china to the mediterranean has risen 44% this month alone. that s according to the online shipping marketplace, freightos. swedish homewares giant, ikea, is just one of the companies now warning of delays and possible availability issues for some of its products. shops in europe are already well stocked for christmas, but logistics experts warn there could be shortages in the new year if the crisis continues. we ll hearfrom one of the shipping companies in the moment, but first, let s get the background from our analysis editor, ros atkins. on the 19th of november, houthi rebels from yemen was an attack on the red