The fed raises Interest Rates and says it will start unwinding its 4. 5 trillion stimulus programme. But is the us economy really Out Of The Woods . Plus roam if you want to. The eu scraps extra mobile charges for travellers from today after a decade long battle. But will users end up footing the bill anyway . Welcome to World Business report. Im sally bundock. Also coming up the end of an era forjapan inc. Toshibas set to sell off its Chip Division as it battles for survival. We start in the us where the central bank, the Federal Reserve, has raised the cost of borrowing, as was widely expected. Its the second increase in three months, and comes despite some fairly mixed data on the health of the us economy. Lets show you the details. The fed has raised its main Interest Rate by 0. 25 . That takes its target range to between 1 1. 25 the highest it has been since before the 2008 financial crisis. And its set to go higher the fed is forecasting one more increase this year. It also annou
Mike pence, spent a career known as very calm, not someone who jumps known as very calm, not someone whojumps into a conversation, he was aggressive tonight because he knows he has lingering in the single digits, he wanted to underscore his events on january six to certify the election, he wanted to speak to religious voters, especially in iowa. the pence campaign believe if he gets a bounce in the iowa caucuses, that will catapult him further in the process. he talked about his personal faith in the process. he talked about his personalfaith in a very vivid way, and tim scott of south carolina, talking up his own biography, his humble roots. , , . ~ own biography, his humble roots. . ,, .,~ ., roots. and speaking of mike pence s role roots. and speaking of mike pence s role on roots. and speaking of mike pence s role on january - roots. and speaking of mike pence s role on january six, | pence s role on january six, there was an interesting exchange when all the candidates were
Known as very calm, not someone who jumps known as very calm, not someone whojumps into a conversation, he was aggressive tonight because he knows he has lingering in the single digits, he wanted to underscore his events on january six to certify the election, he wanted to speak to religious voters, especially in iowa. the pence campaign believe if he gets a bounce in the iowa caucuses, that will catapult him further in the process. he talked about his personal faith in the process. he talked about his personalfaith in a very vivid way, and tim scott of south carolina, talking up his own biography, his humble roots. , , . «i own biography, his humble roots. . ,, ., «i ., roots. and speaking of mike pence s role roots. and speaking of mike pence s role on roots. and speaking of mike pence s role on january - roots. and speaking of mike pence s role on january six, | pence s role on january six, there was an interesting exchange when all the candidates were asked if he was right
Time when you must be struggling to make sense of it all, what can you offer the community here by way of words of reassurance and comfort. thank you. i mean, ifound it hard to explain it to my own children yesterday, he met david on several occasions. a seven year old and a nine year old child trying to get their head around why this man that had loved their community and met with them had now gone. you know, i spared them the details, but in the way that he had, it is so tragic. to be fair, david had a strong christian faith of his own. it was well spoken about at the vigil, at the catholic church yesterday. and i was able to share my reflections on him and his personalfaith, the way that that interacted with him and the politics he had and shared. i guess for us it is extremely difficult in the immediate aftermath of such a tragedy to speak words of hope, but this morning my inbox is full of church ministers and