we start in the us, where the british tech tycoon mike lynch has been cleared of fraud charges in a san francisco court. once hailed as a uk bill gates, mr lynch was facing fraud charges over the $11 billion sale of his software firm, autonomy, to hewlett packard back in 2011. mr lynch had been accused of inflating the value of his firm ahead of the sale a jury has found him not guilty on all counts. our north america business correspondent erin delmore has the details. when autonomy was sold to hewlett packard 13 years ago for $11.1 billion, it was one of the top 100 public companies in the uk. the sale marked the la rgest ever takeover of a british technology business. but hewlett packard later wrote down the company s value by more than $8 billion, leading to criminal charges that mike lynch had defrauded hewlett packard by inflating the value of autonomy. the businessman was extradited from britain to the united states to stand trial on the charges, which could have put
decision next week. how has it all come together, how is it signalling what might happen next? i signalling what might happen next? ~ , next? i think definitely the markets are next? i think definitely the markets are taking - next? i think definitely the markets are taking into - markets are taking into consideration that rate cuts still on the horizon. that is definitely one of the factors that have been taking place and playing around this momentum we have been getting on the stock markets and hitting records. primarily that we have been getting from the risk taking side that they are still on rate cuts on the horizon. the when it comes to some, hotter than expected. let s not forget how we got the pmi on the server side of things but on the other side we saw last week on the manufacturing side are prin that was significantly on the lower and expectations and especially getting into deeper contractionary territory so it is getting a bit complicated but naturally, given there are s
thatis still rate cuts on the horizon, that is pushing up the risk taking side of things. the risk-taking side of things. the ecb and canada risk taking side of things. the ecb and canada turning the tide on rate cuts, this mantra of keeping them higherfor on rate cuts, this mantra of keeping them higher for longer may be waning, do you think, and that may be playing on the mind of the fed. pare and that may be playing on the mind of the fed. mind of the fed. are not necessarily. mind of the fed. are not necessarily. if mind of the fed. are not necessarily. if anything l mind of the fed. are not. necessarily. if anything they were probably more dependent on what the fed is doing then the fed is trying to take from other central banks. if anything, they needed to proceed given that they were navigating their economy, their economies were navigating different terms which is why they forgot to get ahead in terms of rate cuts but i don t think that will have a play or a stake in what