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rate cuts by september from its current level of 5.25% to 5.5%. however, stubbornly high prices and a hotjobs market pushed back that timing. now citing better than expected economic data, it appears the federal reserve is getting closer to following in the footsteps of the european central bank and is preparing to cut rates, although mr powell did warn americans might have to get used to higher borrowing costs, suggesting that rates are likely to settle at a higher level than before the pandemic. in other news, there has been leaked data from disney, according to the wall streetjournal. the data came from disney s slack channels and included details on employment candidates and ad campaigns. disney has told the bbc that it is investigating the matter. china has reported slower than expected growth in the second quarter. that data was released as top leaders gather in beijing for a plenum meeting, where they are likely to discuss ways to revive a stagnating economy. the ....
hello and welcome to our viewers in the uk and around the world. we ll bring you the latest in a moment, but first.. myanmar s military authorities have warned that armed authorities have warned that forces day is being celebrated armed forces day is being celebrated by the country. this is a large parade which marks the anniversary of the foundation of the army. lots of firepower is on show here. previous processions, and we have seen this already, have shown troops will. .. have seen this already, have shown troops will. which can be seen there, a lot of armoury is welcome including tanks, jets and missiles, and also a fly passed by the army chief and the june fly passed by the army chief and thejune to head. he may well be speaking, but this is a really big show of strength by the military. you remember remember, of course, that the country at the moment is in the midst of some turmoil. this is since february the 1st when the generals ousted and detained the civil ....
in europe today, markets will be watching closely the european central bank s decision later on the cost of borrowing as it tries to balance record high inflation and the increasing the risk of stagflation and slow growth. if we look at inflation across the eurozone, last month, its rate hit a new record high of 7.5%, up from nearly 6% in february. the european central bank president christine lagarde isn t ruling out interest rate hikes this year but thejob of managing borrowing costs across the eurozone isn t easy with some member countries in a very vulnerable place.so with inflation surging to new records in the us and uk and central banks raising rates, will the ecb be forced to act? let s talk this through with carsten brzeski global head of macro for ing research. lovely to see you again. what do you think the cbd will do today or announce? i do you think the cbd will do today or announce?- today or announce? i don t think they today or announce? i don t th ....
giant us steel have fallen sharply, after president biden weighed in to oppose a near $15 billion takeover of the firm by a japanese company. us steel is based in pittsburgh, pennsylvania a key battleground in this year s election. the takeover deal, agreed in december, has caused major controversy there. but any move to block it could raise tensions with japan a vital ally for the us as it tries to counter the growing power of china. from new york, erin delmore reports. president biden is taking a stand against a deal in the making. us steel, an american company, is set to be bought by nippon steel, a japanese company. but president biden says that us steel should stay in the us. l115 says that us steel should stay in the us- in the us. us steel - the stronger in the us. us steel - the stronger america - in the us. us steel - the stronger america is - in the us. us steel - the| stronger america is made in the us. us steel - the - stronger america is made here. ....
paid for by spending cuts and tax rises elsewhere? and with a general election imminent, how will the budget go down beyond westminster? i m in newcastle hearing from local businesses and community leaders about what they want from the budget and getting their reaction to what the chancellor announces. yes, it s budget mike day. the day has finally arrived. one of the few remaining set pieces were the government gets the opportunity to set out its agenda before the general election. whenever that happens. we will talk about speculation on a date later. it will be important to hear how the chancellor, jeremy hunt, presents the decisions that he makes today, because we have heard quite a lot about what is going to be in this budget. let s give you a flavour of that on some of the front pages. the times, jeremy hunt seeks to win over voters with £900 tax cut. a combination of 2p cut in national insurance now, and in the autumn, when he announced it. asi as i say, we will certai ....