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hello and welcome to audiences in the uk and around the world. we begin in the us where the central bank is expected to increase interest rates by another 75 basis points today which would be the fourth consecutive increase of this size. many are hoping for signs the federal reserve may soften its approach in the months ahead with markets anticipating a 0.5% rate rise in december. so what s different within the us economy that would lead the fed to change its current course? here s michelle fleury. since march the federal chair hiked the rate by three percentage points, in so doing caused more expensive loans on everything, from houses to cars and credit cards, so far they have done so without any damaging slowdown in job have done so without any damaging slowdown injob or growth wealth creation. the trouble is there is no sign of a living rolling off with consumer prices, inflation still high at over 8% and still the fed has focused on. and until it sees inflation c ....
our correspondent, graham satchell reports. a long night of last minute wrangling in dubai as delegates embarked on golf buggy diplomacy to reach an agreement. and finally a new draft text with slightly tougher language. the sticking point has always been the future of fossil fuels. the hope from many here was that this cop would agree to phase out the use of fossil fuels by 2050. the first draft agreement listed measures that countries could use to reach net zero. that was described as grossly insufficient. the new draft being scrutinised now calls on countries to transition away from fossil fuels to enable the world to reach net zero by 2050. chanting: fossil fuels phase out! for climate change activists, that won t be enough. it doesn t compel countries to act. scientists agree that without significant global action to dramatically reduce the use of fossil fuels, the consequences will be catastrophic. but the difficulty with cop is that all countries need to agree the te ....