Time for a look at the Business News now with marc ashdown. Hello, this is World Business report, im marc ashdown. We start in the us, where the all important Inflation Data is just out. Prices inched up injuly, but less than expected. The Consumer Price index, a key inflation figure, rose 3. 2 compared to a year ago. It was running at 3 injune, so on the face of it, the pace of price rises has ticked up again. But the markets had expected a bigger increase, so could todays figure be good news . And could it be enough to persuade the Federal Reserve to leave Interest Rates unchanged next month . Lets bring in our north America Business correspondent michelle fleury. Firstly, talk us through the reasons behind this uptick. Inflation had been easing gradually, why has it gone up . Some of this has to do with comparisons of where we were last year and the way the data is compiled but some of it is things like rising Housing Costs and stuff like rising Housing Costs and stuff like that. I
Beijing has reacted angrily saying it s gravely concerned about the order. A spokesman for the Chinese Embassy in washington said the curbs seriously undermine the interests of chinese and American Companies and investors. But republicans have said the restrictions don t go far enough. From new york, Michelle Fleury has more. This is a new front in the tech war between two global superpowers. The restrictions prevent American Private equity and Venture Capital firms from investing in high tech sectors in china such as quantum computing, Artificial Intelligence and advanced semiconductors. The goal is to stop us capital and know how from speeding up the development of technologies that could help china develop weapons for use against america in a military conflict. It would also require firms making investments in a broader range of sensitive Chinese Industries to report that activity. Potentially laying the ground for more restrictions on investments down the road. The regulations aren
Kilometres up, and the rocket will cause go to the Edge Of Space, where there is zero gravity and weightlessness for a few moments. Those are the live pictures as they start that 90 minute live lets bring in dr stefania soldini, senior lecturer in space engineering. She is in liverpool and also watching these pictures. Is in liverpool and also watching these ictures. ,. ,. , these pictures. How excited are you to see a mission these pictures. How excited are you to see a mission like these pictures. How excited are you to see a mission like this these pictures. How excited are you to see a mission like this get these pictures. How excited are you to see a mission like this get off to see a mission like this get off the ground . It is always very exciting to see and witness such an exciting flight, so for people, all eyes are on the tv at the moment, really. find so for people, all eyes are on the tv at the moment, really. Tv at the moment, really. And it terms of a tv at the moment, r
As it could have been, certainly not as restrictive as the rumours suggested it would be when the Administration First announced announced it was considering Something Like this. You know, it really only targets new investments into chinese firms, and only chinese firms that derive more than 50 of their revenue from sensitive sectors like ai, quantum computing, and advanced semiconductors. And that is far more narrow than we couldve seen because last october, the administration talked about a broader range of industries that were National Security sensitive and would require either Export Controls or some sort of investment restriction, or both. As michelle mentioned, businesses get a say in this what kind of reaction are you expecting from American Companies . Well, American Companies that have been investing in these will not like this and will push back, and try to seek implementation that is as narrow as possible. Itll be a back and forth conversation, im sure, and ultimately the a
Vegas casinos. Places tens of thousands of Dollars Worth of bets in recent weeks. But why he did this, they simply have no clue. They know he has been acquiring weapons over the past several months. He has bought at gun stores in nevada, possibly outside the state as well. That part of nevada he is from, mesquite, is right on the border. So he could go to other states to try to buy weapons and have them sent back to the gun dealers in nevada 20 do it legally. But The Big Question here is how did he acquire automatic weapons. Youve heard the sounds on the videos of these rapid shots. Machine guns are illegal in the u. S. But its possible to buy conventional semiautomatic weapons, meaning they fire every time you pull the trigger, but just one round and convert them. But that Conversion Process can make the weapons illegal. So the authorities are trying to figure out how he managed to get
his hands on these automatic weapons. He had some of those in the room. He had Sniper Rifles with sc