Good afternoon. In the last hour, Rachel Reeves has used her fIrst Labour Conference Speech as chancellor to promIse that therell be no return to austerIty. After weeks of warnIngs about the dIre state of the publIc fInances, she trIed to convey a brIghter message, sayIng she Is optImIstIc about the uks economIc future. She was brIefly heckled by one protestor at the start of her speech. Our polItIcal correspondent Helen Catt reports. As you can see behInd me, people are stIll fIlIng out from the Conference Hall where Rachel Reeves gave her speech In the last hour or so. A much traIled speech, very antIcIpated because, as we know, there has been crItIcIsm about the gloomy outlook that the chancellor and the PrIme MInIster have been talkIng about. So durIng her speech today, we had the Chancellor Attempt today, we had the Chancellor Attempt to Inject some optImIsm, talkIng about the brItaIn that she hoped to buIld for the future. There were some focus on what labour had already done In
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
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We will have more on all of those stories coming up. First, lets cross and catch up with the sport headlines. Sarah mulkerrins is there. Matthew, good evening. Lets start at the cricket at trent bridge, where australia are Chasing 316 to beat england in the first of five one day internationals. England won the toss and decided to bat with Ben Duckettjustifying his elevation to opener with 95 off 91 balls. He set up a good platform, didnt get to his century, with groans around the ground when he fell to marnus labuschange. England then failed to really capitalise on that platform they lost the last eight wickets for 102 runs, all out for 315. It is australia at the crease despite losing mitchell marsh, Travis Head is leading the Way And Hasjust reached his half century off 50 balls. Australia currently 96 2. Chasing 316. It might be thursday, but with the new Champions League format, there are games tonight, with arsenal in action. Good news for Theirfans Bukayo Saka is available to pla