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welcome to bbc news broadcasting to viewers in the uk and around the world. we start with some breaking news officials in washington say us and british forces have carried out another wave of strikes against houthi targets in yemen. it s the latest action against the iranian backed group, which has been attacking commercial shipping in the red sea in response to israel s war against hamas. president biden and the british prime minister rishi sunak have been discussing the crisis on the phone. our defence correspondent jonathan beale gave us this update. is the second time that this coordinated action has taken place. it happened ten days ago when british jets from raf akrotiri in cyprus, which i think probably would have been involved again, took part with american led strikes against the houthis, specific going over command and control and sites also where they have been storing, manufacturing drones and missiles, which they have been using to target merchant shipp ....
more than 3/10 of a percent. this is what they call a bull run. the market s been on the upswing since october 2022, and it s thanks to a few tailwinds. among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it s been able to cool inflation without tipping the economy into a recession. that s called a soft landing and it s buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22 year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it s a different story for the chinese stock markets, which have been struggling in the new year. chinese premier li qiang pledged to take forceful and effective action to support market confidence. shares in mainland china and in hong kong have been h ....
us and british forces have carried out another wave of strikes against houthi targets in yemen. it s the latest action against the iranian backed group, which has been attacking commercial shipping in the red sea in response to israel s war against hamas. president biden and the british prime minister rishi sunak have been discussing the crisis on the phone. our defence correspondent jonathan beale gave us this update. remember, this is the second time that this co ordinated action has taken place. it happened ten days ago when british jets happened ten days ago when britishjets in cyprus, which i think probably would have been involved again, took part with american leader strikes against the houthi, specifically going against, control and also size where they have been storing, manufacturing drones and missiles, which they had been using to target merchant shipping in the red sea. the hope was that the initial set of strikes on 12 january would stop them but they have ....
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