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
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Its rapidly modernising. Known as the land of two seas, you are never far from the coast. Ah, so refreshing. For the longest time, many of its ancient stone towns have been rapidly declining. But now the call s going out around the world for people to live, buy and invest here. This is unbelievable. Look at these views. This is totally unique, and a rooftop pool, forfree, from the government. Come on. But how will it keep that balance between staying authentic and affordable. Buongiorno buongiorno, buongiorno . Whilst opening up to the world . This week, im in puglia. Now ive travelled a lot through italy. I love this place. Theres great food, theres great wine. But this is my first trip into the heel of the country. In recent years, the area has become more popular with tourists, but also with the government, thats been trying to entice people back to live in the south. So im in a town called presicce acquarica, and here, theyre offering people 30,000 euros to buy a home. Sounds like
President zelensky has repeatedly called for permission to use the weapons on targets across the border. He claims it is the only way to end the war. Our political editor, chris mason, has sent this report from the white house. I think the next few weeks and months could be crucial. What does President Biden make of russias threats against the west . I dont think much about that. This is the Blue Room of the white house, the president , the Prime Minister and their team spoke here for about an hour and a half. The war in ukraine dominated the conversation. Afterwards, Sir Keir Starmer wouldnt be drawn on whether he had persuaded the president That Authorising Ukraine To Fire Western Missiles at russia was a good idea. Instead, he said. Theres only One reason were having these discussions and thats because putin has illegally invaded ukraine and the quickest way to resolve this, obviously, lies through what putin actually does. Because its for him to end this, but we are having the disc
The trade implications. Scotlands only Oil Refinery is to close with a cost of 400 jobs the Unite Union calls it an act of industrial vandalism. And Credit Crunch why are so many Women Led bUsinesses cancelling Expansion Plans because they are unable to access finance . Well speak to one big bank trying to address that. Live from london, this is bUsiness today. Im mark lobel. The Aircraft Maker Boeing is awaiting news from its workforce on whether its accepted a four Year Pay Deal which could lead to a walkout of up to 33,000 workers. The deal 25 over four years has been backed by the workers iam union, but many employees are not happy with the terms. A result s expected very shortly and could lead to Strike Action in the coming hours. That would affect production of the companys 737 and 737 max aircraft. Heres our North America BUsiness correspondent ritika gupta. Breaking news on the subject. Boeing workers have voted to strike after rejecting a Pay Offer backed by their own union. T