The Deadly Wildfires devastating maui has now killed at least 36 people. Their bodies discovered in the ruins of the raging inferno. Officials held a News Conference just a short time ago. Primary focus is to save lives. Prevent Human Suffering and mitigate property loss. That is what the counties were and are doing. What we do anticipate is additional requests and were already providing support for trying to get the communications back up, water distribution. Were hearing they may need more Law Enforcement official for federal and state Law Enforcement. So were working through that. The damage to the infrastructure, it is not just buildings, i mean these were Small Businesses that invested in maui. These were local residents and we need to figure out a way to help a lot of people in the next several years. School was destroyed. Many of the businesses, a church was destroyed. It will take years. Devastation was most serious in the town of lahaina, a tourist and economic hub with 9,000
historical rate hiking campaign hours the time to take a break and give the time to adjust to its actions that have pushed up the cost of borrowing for things like mortgages, business loans, and credit cards. the decision left the fed s benchmark at between 5% and 525%. for companies and consumers alike the pain may not be over. as fed chair jerome powell meekly during his press conference, with us inflation running above the bank s 2% target its job is not yet done. i bank s 2% target its “ob is not et done. ~ . , bank s 296 target its “ob is not yet amt yet done. i think, as anyone can see. yet done. i think, as anyone can see. not yet done. i think, as anyone can see, not a yet done. i think, as anyone can see, not a single - yet done. i think, as anyone j can see, not a single person yet done. i think, as anyone i can see, not a single person on the committee wrote down a rate cut this year. nor is it likely to be appropriate, if you think about it, inflation ha
Bank spring meetings, which could lead that kicked off on monday in washington. Our North America correspondent is there and has a preview of those meetings. High inflation continues to plague countries around the world. Central bankers are raising Interest Rates to try and slow down those price increases. As a result however, we have some of the weakest Growth Projections by the International Monetary fund since the 1990s. With the Worlds Finance Ministers and central bankers all meeting in washington this week the increasingly fragile Global Economy will certainly be the focus along with ways for countries to try and mitigate some of the negative impacts of those Interest Rate rises. The high inflation however is already having an impact on poorer countries, pushing them further into financial distress, given the uncertain Global Economic outlook the imf believes many more countries will be looking to the imf for help. Reporting outside the world bank and imf building. For more we ca
the government says it is a reasonable offer. the chief minister of the indian state of uttar pradesh appeals for calm after a former politician convicted of kidnapping is shot dead live on tv along with his brother. now on bbc news it s talking business. hello and welcome to talking business, with me, tadhg enright. let s have a look at what s on the show. can revenge spending save the world economy? after more than three years, lockdown is finally over for more than a billion people in china. they ve had time to stash trillions of dollars worth of savings. are they about to spend it travelling the world? and what s that going to mean for the rest of us? i ll be getting the lowdown on revenge spending with this top team steve odlan of the us conference board, tian lu from the economist intelligence unit in china, and gary barrowman, the man who literally wrote the book about the chinese tourist. and now people have got places to go, are they going to bejewel themselves
i ll be getting the lowdown on revenge spending with this top team steve odlan of the us conference board, tian lu from the economist intelligence unit in china, and gary barrowman, the man who literally wrote the book about the chinese tourist. and now people have got places to go, are they going to bejewel themselves to go there? wherever you rejoining me from around the world, i ll be finding out from the boss of pandora, the biggest jewellery brand in the world. wherever you rejoining me from around the world, once again a big hello and a warm welcome to the show. china was the first country to lock people down due to covid, and now it s one of the last to ease restrictions. following anti lockdown protests late last year, president she finally ended his zero covid policy, opening up cities and travel once more. that reopening was underlined in the last few weeks by president xi welcoming european leaders, including france s president emanuel macron, to the country, and