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Bumper cut the Federal Reserve slashes the cost of borrowing by half a Percentage Point. We take a look at what this says about the us economy. And the Bank Of England are minutes away from telling us whether theyre cutting rates or not. Markets think theyre staying where they are. Welcome to business today. We start in the us, and a big move by the Central Bank 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 the ....
In four years. Hello. In the last hour, lebanon has banned Walkie Talkies and pagers from all flights out of the countrys only commercial airport in operation. The move comes after explosions were triggered in pagers and Walkie Talkies used by hezbollah. The attacks killed at least 32 people and injured thousands. Israel hasnt confirmed it was behind the blasts, but its Defence Minister Yoav gallant has said its opening a new phase in the war. The us says its involved in intensive diplomatic efforts to prevent the conflict escalating further. The leader of hezbollah, which some western states have designated a terrorist organisation, is expected to address the events in a speech later today. Simonjones reports. A funeral in Southern Lebanon is about to be in ....
The country causIng severe floodIng and landslIdes. Lebanon has banned WalkIe TalkIes and pagers from all flIghts out of the countrys only commercIal aIrport In operatIon. The move comes after explosIons were trIggered In pagers and WalkIe TalkIes used by hezbollah. The attacks kIlled at least 37 people and Injured thousands. Israel hasnt confIrmed It was behInd the attacks but Is wIdely assumed to be, and Its Defence MInIster, yoav gallant, has saId Its openIng a new phase In the war. And these are pIctures from the IsraelI mIlItary, whIch says It hIt hezbollah Infrastructure In an overnIght attack across The Border. It says It carrIed out AIr StrIkes on seven targets In southern lebanon. The us says Its Involved In IntensIve dIplomatIc efforts to prevent the conflIct escalatIng further. The leader of hezbollah, whIch some western states have desIgnated a terrorIst organIsatIon, ....
Is perfomed by a team of vets in liverpool. And coming up on Bbc News, celtic get their Champions League Campaign off to a flying start with a Record Opening Win for brendan rodgers side. Good Afternoon And Welcome to the Bbc News at one. The bbc has today been contacted by more former harrods employees who say they were assaulted by Mohammed Al fayed when he owned the famous department store. It follows claims in a new Bbc Documentary by five women who say he raped them while they worked for him. The programme has uncovered evidence that, under mr Al Fayeds ownership, harrods not only failed to intervene but helped to cover up the allegations. Just to warn you, this report from Shaimaa Khalil contains descriptions of sexual violence. Yeah, i went back to harrods about a year ago. I knew if i could walk through and c ....
Caution at the Bank Of England. It keeps Interest Rates on hold but the governor tells us they are optimistic that Borrowing Costs are on the Path Down. Over on Wall Street though the party is back on. Shares hit a new Record High as the fed says the economys in a good place despite Itsjumbo Rate cut billion dollar breaks Australias Economy rides a wave of interest in surfing. It is the government fully with the sport . All those puns to come a little later in the programme. We start here in the uk where the bank of England Governor Andrew Bailey has said Interest Rates are now gradually on the Path Down despite the Banks Decision to keep the cost of borrowing on hold today. The banks main rate was left at 5 after it was cut last month for the first time in more than four years. The bank ratcheted up Interest Rates to try and control inflation which hit a peak of 11. 1 back in 2022. ....