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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 ov ....
Social media. Hello, well come everyone, sandra smith in new york. We have made it to wednesday, rich. Rich we have indeed, im rich in for john roberts. According to documents, white house officials asked facebook if it could provide special access to tools that would target users hesitant to take vaccines and spreading misinformation. Sandra also show Biden Administration officials berated facebook employees for not sharing enough data and alluded to the site being more difficult to deal with than other social media platforms. Rich Hillary Vaughn is live on capitol hill. Hillary, did the white house try to have more control on covid content on facebook than it originally claimed. Thats the big take away from the documents that we obtained. Really publicly the white house was claiming they were just trying to help facebook combat misinformation on their platform. Behind ....
hilda heine is the former president of the low lying and vulnerable marshall islands. in a letter to the cop president seen by the reuters news agency she said reporters of the uae s reported ambitions were deeply disappointing and undermined the integrity of the cop presidency. in dubai, world leaders are dealing with warnings that we are nowhere near where we need to be to curb global warming. in the opening speech, the un secretary general said the earth s vital signs are failing . and king charles urged global leaders to rise to this unmissable opportunity with a sense of emergency. but when it comes to cutting down on fossilfuels, cdp formerly known as the carbon disclosure project argues that there isn t one major oil or gas company that has plans in place to phase them out. sherry madera is the ceo of cdp. i asked her if carbon capture will play a big role in the the future. i think carbon capture is one of the areas that we need to think of togeth ....
wind and solar energy. before we get to those business stories, reminding of our breaking news. a temporary truce between israel and amassing gaza, that s lasted for seven days, has now expired. it ended at seven, local time, five o clock here in london. israel s military says it has resumed combat against i maths in the gaza strip and has accused the palestinian group of violating the terms of the truce and firing towards israeli territory. these are life pictures taken from gaza into southern israel. hamas you can see their plumes into the skyline explosions can be heard. the military also said a rocket was fired towards gaza towards israeli territory around an hour before the truce was scheduled to expire. the israeli military saying hamas had indeed violated the pause inviting. returning to the business news for the day. faster than a porsche, and tougher than bullets that s the boast of tesla boss elon musk about the company s cybertruck. and on thursday he ma ....
guests were shown videos of the truck resisting a hail of bullets racing a sports car in sharp contrast to what happened two years ago where stuff was thrown at the window and the window broke. pulling huge loads before the first customers got to drive their purchases away. one us magazine has called the project musk s adolescent video game fantasy . but tesla hopes the cybertruck with its controversial design will grab attention in an increasingly crowded market for electric vehicles amid a tough consumer environment. michelle fleury has more. the road he hasn t been easy. the last time elon musk took to the stage to promote the electric car company s cybertruck, its windows ended up being smashed. for two years later, as the company starts delivering the futuristic product to buyers, the problem has been fixed with customers there in person at the tesla factory in austin, texas to collect their cybertrucks and elon musk put on a show to mark this historic m ....