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as $54 billion from the swiss central bank. is it enough to calm fears of a new financial crisis? plus: rates rethink. will market turmoil force the european bank to scale back a rise in the cost of borrowing later today? and the generation x factor. why the over 50s have the skills so many employers want, but aren t applying for thejobs. let s now get down to business. we start here in the uk, where households and businesses are weighing up whether they will be better or worse off following the chancellor of the exchequer s first budget. jeremy hunt wants to kick start a stagnating economy that s lagging behind its rivals across the developed world. the big focus getting more people into work and tackling the labour shortage that has left more than a million job vacancies unfilled. there will be more free childcare and changes to benefits and pensions. but there will be no tax cuts for individuals or businesses. companies still face a rise in corporation tax from 19% to 25 ....
you how the markets fed overnight. as you can see on the screens, the dowjones and s&p 500 closed higher thanks to the energy sector index which surged after the announcement. inflation concerns have been tempered by expectations the us central bank could end its monetary tightening campaign. still, an oil output cut will mean higher prices. my colleague has more. many analysts colleague has more. many analysts believe colleague has more. many analysts believe that - colleague has more. many analysts believe that they | colleague has more. many - analysts believe that they want to keep the price above $80 a barrel, even hovering around $90 a barrel. a higher price of oil has wide ranging implications. it will make producing goods more expensive for companies and if prices stay high for a while it will have an impact on the price of gasoline, and as many countries around the world are fighting high inflation, this move but opec could make this more difficult and the ....
a u turn from russia freeing up grain export is rejoined three days after pulling out. a move which risked worsening global hunger. a move which risked worsening global hunger. and the us central bank announces its fourth straight three quarters of a point rate hike. today raise the policy in dress rate by .75 points and we continue to anticipate on growing dues ongoing raises will be appropriate. huge breakthrough in ethiopia. the government and tigrayan rebels have agreed to a truce to end two years of civil war. the conflict has left millions of people in desperate need of aid. peace talks facilitated by the african union have been taking place in south africa. this is the mediator. the two parties in the ethiopian conflict have formally agreed to the cessation of hostilities. ina in a statement posted online ethiopians prime minister said. this is what the representative of the to grand said. we this is what the representative of the to grand said. the to g ....
markets around the world take dive as warnings of a recession are all but inevitable. and, a tearful farewell for one tennis s greats. roger federer plays his final competitive match. welcome to our viewers on pbs in america and around the globe. officials in four russian occupied regions of ukraine have been holding self declared referendums on whether to become part of the russian federation. the kremlin supports the votes, just as it did after the annexation of crimea, the ukrainian territory which was invaded in 2014. but the government in kyiv and western countries have condemned the referendums, saying they are just a sham, and that they will never be recognised. these are the four areas where voting is being held. they include occupied parts of luhansk and donetsk in the east, and zaporizhzhia and kherson, in the south and cover around 15% of ukraine s territory. votes are are expected to run until tuesday, and the result seems almost certain to go in moscow s fa ....
Its calling on the uns top court to reject south africas appeal. Meanwhile, south africas lawyers accused israel of behaving with legal impunity something israel denies. Israel is escalating its attacks on palestinians in gaza and in so doing he is wilfully breaching the binding orders of this court. Israel similarly breaches the binding resolutions of the United Nations security council. We had posts nations security council. We had posts that israels army is the most had posts that israels army is the most moral army in history and we the most moral army in history and we have heard denials that there and we have heard denials that there is and we have heard denials that there is famine in gaza. Four months. There is famine in gaza. Four months, people, particularly in the west. Months, people, particularly in the west, have appeared unwilling to accept that the accusations are true. Our correspondent, anna holligan, sent us thi ....