plus the crypto crash deepens. could it spell disaster for el salvador s multi million dollar gamble on bitcoin? we start in the us where the federal reserve has announced the biggest rise in borrowing costs in 28 years. the fed raised its key interest rate by three quarters of a percent and signalled more big increases are on the cards. as our correspondent michelle fleury reports, from washington, it s battling to control the worst inflation in four decades. intensifying its five figure inflation which is currently at a a0 year high reserve raised its key interest rate by three quarters of a percentage point to a range of 1.5 to one and three quarters of a percent, move that will push up borrowing costs for and company. us interest rates haven t been hiked by this much in one go since bill clinton was in the white house in 199a, the size of the mood something federal chair reflected on during his press conference. clearly the 75 basis point is an unusually large one a
operation against hamas in gaza s biggest hospital al shifa in gaza city where thousands of civilians are believed to be sheltering. in a statement the idf says is conducting a ground operation in gaza to defeat hamas and rescue hostages. israel is at war with hamas, not the civilians in gaza, it says. we re just getting details mark correspondence in gaza who was hearing that israeli soldiers are now inside shifa hospital and eyewitness told us reporter rushdi abualouf saying that is really fight a smoke from that caused people to suffocate. he said soldiers vandalised the specialised surgical department and contact with him was cut off. it comes after the white house and pentagon confirmed there is an intelligent supporting israel s claim that hamas and the palestinian islamichhad are operating from tunnels under hospitals including al shifa. they say they are storing weapons there. hamas denies the claims and his court for an international committee to come in and inspect
opened pat hospital. the reason, animals are given all the care they need forjust 25 cents. the only catch is that has to be paid for with bitcoin. the pat hospital is the latest idea from the government to get people to embrace bitcoin. it s been nine months since the country s cyrptocurrency loving president made bitcoin an official legal tender alongside the us dollar. many businesses now accept this digital currency that started on niche internet forums. the novelty has created an uptick in so called bitcoin tourists and the idea is spreading. the central african republic has also made it bitcoin legal tender. for el salvador, bitcoin take up is led by a highly marketed and heavily subsidised app called chivo.
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