the reaction in asia so far has been mixed. Our north america business correspondent ritika gupta has the details. The federal reserve has delivered a super sized interest rate cut aimed at bolstering the us labour market. The 0. 5 percentage cut, the first in over four years, brings its key interest rate, the federal funds rate, down to between 4. 75 and 5%. It comes amid signs inflation in america is continuing to fall, while the job market remains strong, even as unemployment has risen this year. The labour market is actually in solid condition and our intention with our policy move today is to keep it there. You can say that about the whole economy. The us economy is in good shape, it s growing at a solid pace, inflation is coming down. The labour market is in a strong pace. We want to keep it there. In addition, the committee setting rates released its latest forecast which showed policymakers expecting to cut rates by a further 0. 5%. That would us interest rates below 4. 5% b
viewers. i m max foster. bianca is off for the day. but just ahead this is the first time we re seeing this scare happening in washington. the white house and both sides of pennsylvania avenue going to grasp the consequence of what is happening right now. stop playing games, stop blaming somebody else. we got 30 daysys to do it. and a simple request that turned in to a violent situation. and we don t know where he is and we don t have any tips. writers in hollywood are underpaid. there is a tremendous amount of content, but they are not getting the compensation that they want. at some point they have to take a stand. live from london, this is cnn newsroom with max foster and bianca nobilo. and it is tuesday, may 2, 9:00 a.m. in london, 4:00 a.m. in washington where u.s. secretary janet yellen is asking congress to overt what could become a global catastrophe. and she warns that the u.s. could default by june 1. and she says that the impact could rob not
the power grid. also, i m going to be hearing from a leading business voice on how private companies have managed to keep doing business in a war zone and how they re supporting their staff through it all. many thousands of homes and buildings have been destroyed by russian bombs. so how will ukraine afford to rebuild when the fighting stops 7 the european bank for reconstruction and development will play a leading role, and its president tells me that the work has already begun. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, ukraine, it s been suffering for a year now. it s 12 months since russia invaded because of what president putin said was a need to demilitarise and de nazify that country. and in that time, thousands have died as ukraine continues to valiantly defend itself. but it s also come at a huge economic cost for both ukraine and the rest of the world. and that s one of the reasons why western a
ukraine s vast farms were feeding the world, but the country is now reliant on billions of dollars of help just to get through every month. ukraine s finance minister tells me how he s kept the economy functioning despite the missiles and the deliberate targeting of infrastructure, including the power grid. also, i m going to be hearing from a leading business voice on how private companies have managed to keep doing business in a war zone and how they re supporting their staff through it all. many thousands of homes and buildings have been destroyed by russian bombs. so how will ukraine afford to rebuild when the fighting stops? the european bank for reconstruction and development will play a leading role, and its president tells me that the work has already begun. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, ukraine, it s been suffering for a year now. it s 12 months since russia invaded because of what p
who remains in a critical condition in hospital. millions of nigerians have been voting in their country s most competitive election since military rule ended there more than two decades ago. china s plans for peace in ukraine cause ripples around the world president zelensky says he wants to hear more and the leader of russia s key ally belarus announces plans to fly to beijing. you re watching bbc news. now it s time for talking business. hello, everybody. a very warm welcome to talking business weekly with me, aaron hazelhurst. with me, aaron heslehurst. let s go and take a look at what s on the show. counting the cost of war as ukraine marks a year since the invasion, we re going to take a look at the toll it s taken on the economy. ukraine s vast farms were feeding the world, but the country is now reliant on billions of dollars of help just to get through every month. ukraine s finance minister tells me how he s kept the economy functioning despite the missiles and