The fed raises Interest Rates and says it will start unwinding its 4. 5 trillion stimulus programme. But is the us economy really Out Of The Woods . Plus roam if you want to. The eu scraps extra mobile charges for travellers from today after a decade long battle. But will users end up footing the bill anyway . Welcome to World Business report. Im sally bundock. Also coming up the end of an era forjapan inc. Toshibas set to sell off its Chip Division as it battles for survival. We start in the us where the central bank, the Federal Reserve, has raised the cost of borrowing, as was widely expected. Its the second increase in three months, and comes despite some fairly mixed data on the health of the us economy. Lets show you the details. The fed has raised its main Interest Rate by 0. 25 . That takes its target range to between 1 1. 25 the highest it has been since before the 2008 financial crisis. And its set to go higher the fed is forecasting one more increase this year. It also annou
And weighing 65,000 tonnes the royal navys new Aircraft Carrier prepares for its first sea trials. And coming up in the sport on bbc news, formula 1 championship leader Sebastian Vettel is urged to calm down after being penalised for a collision with rival Lewis Hamilton in azerbaijan. Good afternoon, and welcome to the bbc news at one. Its taken 18 days but a deal has now been done between the dup and the conservatives which will guarantee the partys support for theresa mays minority government. In whats described as a 2 year confidence and supply arrangement, the Prime Minister has the backing of the dups 10 mps, after losing her majority in the general election. But while dup leader Arlene Foster has successfully negotiated a deal worth a billion pounds, she faces some perhaps tougher talks ahead parties in belfast have raised concerns that the dup tory deal has undermined the negotiations on restoring devolution at stormont and the deadline for those to succeed is thursday. 0ur Pol
In liverpool. will do the one underneath. government cover up led to grenfall. quite a dramatic allegation but a very disturbing when we think of things like bsc which was down to deep regulation. a decision to say that animals could be fed the offal from other animals would clearly increase the risk. there was paint is deep regulation. another they re saying the use of clotting wasn t improperly regulated was down to governments of all persuasions over the last 30 years. the long running inquiry into the events the long running inquiry into the events of the long running inquiry into the events of grenfall, you sense is now hunting events of grenfall, you sense is now hunting the events of grenfall, you sense is now hunting the very basic issues here had their questions being asked, were had their questions being asked, were the had their questions being asked, were the real risk covered up? yes by successive governments. was
I heard any hospitalisations so far. indeed, i heard harriet s figure of 200, 300 cases i heard harriet s figure of 200, 300 cases of i heard harriet s figure of 200, 300 cases of this variant so far. then i saw this cases of this variant so far. then i saw this times front page, then i heard saw this times front page, then i heard actually 200, 300 is in us to eight heard actually 200, 300 is in us to eight underestimate might be as many as a thousand. then to decompress me still further as a thousand. then to decompress me still further i as a thousand. then to decompress me still further i read that professor neil ferguson is very concerned about neil ferguson is very concerned about what s happening, suggested doubling about what s happening, suggested doubling time of three days or less. so doubling time of three days or less. 50 yes, doubling time of three days or less. 50 yes, the doubling time of three days or less. so yes, the story is very concerning but hi