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
all eyes on belfast this evening, where the architects of the good friday agreement are toasting 25 years of peace. there s a concluding dinner at hillsborough castle tonight, which we will dip into. no prospects of peace in ukraine. we are going to discuss a new report from denmark today which suggests russian assault ships, disguised as fishing trawlers and research vessels, that are threatening infrastructure in the north sea. we will talk more generally about bullying within the workplace and how we now define it. the sacked boss of the cbi has told the bbc his reputation has been totally destroyed by the allegation he is facing. and no let up in the cost of living. inflation is still a problem for all the advanced economies, a problem exacerbated here in the uk by the weak pound, which makes imports much more expensive. all that to come. but we start in belfast rishi sunak, is attending a gala dinner tonight, the final event in a week of commemorations marking 25 years
a year, with businesses also in line for help. it s expected to be funded by £100 billion of government borrowing. in germany, the government has already brought in subsidies for low income households along with other measures, costing about about 60 billion euros which is £51 billion. injanuary, the french government forced the state owned energy provider to cap wholesale price rises to 4% for a year and they also brought it other measures. that s all expected to cost 45 billion euros which is £38 billion. but of course today we ll find out more about the support there you go, darling. this lunch club in peterborough provides much needed help for people struggling with cost. it s not uncommon that i get to the last two weeks when i waiting for the 15th when i m going to get paid and i ve got barely anything. the basic necessities. i don t get paid until next week and i ve literally got £4 of electric left, so i ve got to scrabble around because i m on a prepaid metre. i
brown stuff in the water and it s very sort of like foamy. if it starts getting foamy, you get out quick. game, set and match, williams! and no farewell yet for serena williams after winning herfirst round match at the us open. and coming up in the sport later in the hour on the bbc news channel. scott parker pays the price for bournemouths the 9 0 defeat at anfield, e s the first maangerial sacking of the premier season. good afternoon and welcome to the bbc news at one. six of the uk s largest pub and brewing companies are warning that the industry s likely to be hit by a wave of closures in the coming months because of rising energy prices. unlike households, businesses aren t covered by an energy price cap, and the fear is there could be higher costs of as much as 300%. in an open letter to the government, bosses are calling for the energy price cap to be extended to businesses. with more, here s theo leggett. a pint in a pub is part of the fabric of life in britain, but
she upset the dynamic of the hierarchy in the royal family just by existing . good afternoon. the united nations has launched an emergency appeal for almost £140 million, to help pakistan deal with devastating floods that have killed hundreds of people. the un secretary general, antonio guterres, says the country was facing a monsoon on steroids that s left millions homeless. provinces like sindh and balochistan in the south are the worst affected, but mountainous regions in the north west have also been badly hit. our correspondent danjohnson has the very latest. so much of sindh province now lies under water after weeks of torrential monsoon rain. a third of the country has been affected, and so many people here have lost absolutely everything. translation: our houses - were destroyed by rain and floods. everything sank in water. we couldn t save our household, except for a few things. now we are sitting here in the open. translation: the rainwater came, our houses go