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hello there. we start in the us, where the federal reserve has signalled the era of ultra cheap money is coming to an end sooner and faster than anyone was expecting. the world s most powerful central bank says it will stop pumping money into the bond market next march and may raise interest rates three times next year, with further rises to come. the us economy has recovered strongly from the pandemic and for the fed the big worry now is soaring inflation, which has hit a ao year high. samira hussain reports from new york. to know one s great surprise, fedi chairjerome powell is now saying that inflation is a problem he probably needs to address. now, the chair of america s central bank had already said back in november that we could no longer really describe inflation as transitory. while now, in this latest press conference after the fed policy meeting, mr powell was a great pains to admit that actually risks to persistent inflation have increased. persistent inflation ....
the us federal reserve will decide whether to raise interest rates later today, although they re expected to remain at 0.25% unchanged from march 2020. fed chairmanjerome powell is expected to plot a path of higher interest rates next year. economists polled by reuters expect the fed to raise interest rates in the third quarter of next year. last month the federal reserve outlined plans to withdraw the billions of dollars it has been pumping into the economy during the pandemic. since the start of the covid crisis, the us central bank has been buying $120 billion worth of bonds every month to help keep borrowing costs low. fed chairjerome powell said he expected economic growth to strengthen over the rest of the year. however, he said then the fed can be patient about raising interest rates. but inflation is raging in the us with annual inflation at rates not seen for a0 years. the latest figures show prices rose 6.8% in the year to november. and speculation is mounti ....
chinese property giants miss foreign debt payments, raising fears of a $300 billion hole in the financial system. we start with the impact of new covid restrictions in england. hospitality businesses are warning that they now face a collapse at their busiest time of the year. one trade body called so called plan b a body blow to pubs, restaurants and entertainment venues, already struggling. from monday, workers in england are being told to work from home if possible. that s raised fears of a slump in footfall in city centres. and from wednesday, an nhs covid pass or negative test will be needed to get into large venues like nightclubs. masks must be worn in most indoor public venues as of today. from birmingham, here s our business correspondent emma simpson. a city with a festive feel. busy, too. many in good spirits despite the latest restrictions. i despite the latest restrictions. ~ , restrictions. i think if it s coin: restrictions. i think if it s going to re ....
let s start in the uk because just over an hour ago, the new travel rules came into place. they will hope the it will stop the spread of the new omicron variant in the uk. all international travellers aged 12 years and over entering the uk are now required to show proof of a negative pcr or lateral flow test ta ken no earlier than 48 hours before departure. the news has dismayed the travel industry with some operators predict the tests could add between 400 to £800 onto the cost of a family holiday. let s talk this through with ian henderson, co founder of halo which is a pcr testing company. this means business is booming again for you presumably. it business is booming again for you presumably. business is booming again for you presumably. it has been a busy week you presumably. it has been a busy week and you presumably. it has been a busy week and yes you presumably. it has been a busy week and yes it - you presumably. it has been a busy week and yes it has ....
ruin the script. a warm welcome. let s start here in the uk, where the latest travel rule changes have been described by the travel industry as a hammer blow , with the business travel association warning livelihoods could be devastated . over the weekend, downing street announced new rules due to a rise in travel linked omicron cases. from 0a:00 gmt on tuesday travellers aged 12 and over will be required to show proof of a negative pcr or lateral flow test taken no earlier than 48 hours before departure. and nigeria will be added to the travel red list of countries from monday, which means uk or irish nationals returning from the country must quarantine in a hotel for ten days. so what do these new rules mean for the travel industry and travellers? joining me now is paul charles, who s the ceo of the pc agency. paul was also a former director at virgin atlantic. i know that your agency represents a huge number of the travel industry and you know what will happen with the l ....