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For the Iam Union explained why members had rejected the proposed contract and voted for strike action. While there were many important things that were in this offer, it didnt make up, it didnt bridge the gap for 16 years, from 2008, and going through two extensions and the threats ofjob loss. You know, stagnated wages, Cost Shift on healthcare, and many other issues, and especially relocation of thousands of jobs for other programmes leaving the state. Lets get the latest with our business correspondent, theo leggett. There is more to this than just rejecting a 25 pay rise, isnt there . There are grievances Dating Back over 15 years and a lot of history to others because absolutely a list goes back a long ....
let s ta ke let s take a look at how the stock market is doing. flat to high. trading at a 33 year home. the last quarter it outperformed any major global indices partly because investors are hopeful about japan s economy. nobuko kobayashi, from professional services firm, ey, explains. yes, it beat expectation by one point which is quite phenomenal. if you peel down, break down the difference, the positive surprise comes especially from the investment in private sector. the personal consumption, which was considered to be jumping up, was in line with expectation, but particularly on the business side, it was a positive surprise. i want to ask you about consumer spending because we have been talking about how japan has never really had inflation for many decades and now, having one, albeit much lower compared to other parts of the world, and yet wages have not been growing as much as expected, so why is consumer sentiment quite strong? consumer sentiment, i think, tempo ....
cities and towns, this after severe storms ripped across oklahoma and parts of the central u.s. this morning, more than 50,000 without power in the region. at least nine tornadoes touching down in oklahoma and kansas. wind gusts equivalent to a category 3 hurricane about 120 miles an hour battering texas. ahead, the latest on the storm s and what s to come. plus, at least two people are dead, three others wounded after a drone attack in ukraine. this as the u.s. is now warning that china will face penalties if beijing provides russia with drones and ammunition, as u.s. intelligence indicates, to aid russia s ongoing invasion of ukraine. we do begin this hour with the latest on those severe storms and tornadoes. cnn s senior national correspondent, ed lavendera is in norman, oklahoma. cnn meteorologist chad myers standing by with the latest forecast. we want to begin with you, ed. some pictures there, just alarming. tell us what you re seeing on the ground. reporte ....
let s get down to business now. in just a few hours, the federal reserve america s central bank will make a decision on interest rates. it s pretty clear the cost of borrowing will go up but the question is, byjust how much. our north america business correspondent samira hussain reports from new york in the united states the cost of living has hit the highest level in more than a0 years. everything is more expensive. in the last year, the cost of food and vegetables is of more than 8%. today, £1 of beef is $5. last year it was $a.a0. the price of petrol has skyrocketed by 60%. and this is not a uniquely american problem. great prices are soaring around the world. the federal reserve, like other central banks is raising rates to curb inflation. here on wall street most people believe the policymakers will raise by .75%. but there are those believe the fed may adopt a more aggressive policy and raise the rates by a full percentage point. such is the urgency of combating r ....