Executive of amazon. And the hero who inspired a nation Queen Elizabeth leads the tributes to captain sir tom moore, whos died at 100. We look at his legacy. A very warm welcome to the programme. Scientists from the World Health Organization have visited a Virology Institute in the chinese city of wuhan which some us officials have said may have been the source of the coronavirus global pandemic. Subsequent checks indicated that none of the Gene Sequences of covid 19 match the viruses held by the institute. Live now to wuhan, and our correspondent, Stephen Mcdonnell. Tell us about this visit and what has been going on . 50. What has been going on . So, this visit to what has been going on . So, this visit to the what has been going on . Srr, this visit to the Wuhan Institute of virology is probably the most contentious part of the who to china because the previous us government, the Trump Administration had said that perhaps the coronavirus had escaped from a lab inside this facility.
The tech giants in the us are dominating the business agenda today. Jeff bezos is stepping down as amazons Chief Executive. The Online Retail giants founder will move to become the compa ny s executive chairman. He will be replaced as ceo by andy jassy, the current boss of amazons Cloud Computing business. And this comes as the firm reported 386 billion in sales in 2020, thats up 38 on the year before. Their profits almost doubled, rising to 21. 3 billion. So whats been the reaction to the news bezos is stepping to the side, and what do we know about the new boss . Duncan howe is e commerce strategist at cheil uk, which is a Digital Marketing and advertising agency. Duncan, welcome to the programme. Executive chair man still means he will have a lot of control and very much involved in and is on, but it is the day to day responsibility. What do you think about this move . I responsibility. What do you think about this move . I think it is a bit of think about this move . I think it is
lets now get down to business. the biggest interest rate rise since 1989. that s what we are awaiting from the bank of england in just a few hours time as it battles to control soaring prices. the bank is widely expected to raise its benchmark rate from 2.25% to 3% pushing up the cost of mortgages, credit cards and loans. it comes as america s central bank the us federal reserve raised its main rate by three quarters of a percentage point and warned borrowing costs will have to go higher than many are expecting. michelle fleury has this from new york. this is the fourth time in a row that the us central bank has raised interest rates so aggressively, with another hike possible in december. the rapid pace of increases is in response to prices that have been rising at their fastest pace in four decades. now, as the race to beat inflation continues, the question for everyone is, will mr powell and his colleagues really keep up this pace? in its statement, for the firs
Hello. Good to have you with us. I am sally bundock. Lets now dissect the top business stories. We start in the us where tesla has revealed the biggest slump in earnings in more than a decade as the road gets increasingly rocky for the electric car industry. Tesla made profits of 1. 1 billion in the first three months of the year. Thats a fall of 55 on this time last year. Revenues were 9 lower and both numbers were worse than investors had been expecting. But tesla shares which have taken a pounding this year jumped around 11 in after hours trade after the company promised quicker progress on new more affordable models. From new york, heres erin delmore. Its been a rocky road fit for this year. High Interest Rate that taking a bite out of consumer Purchasing Power and pushing big purchases out of reach. Competition with china especially over electric vehicle maker byd is heating up. Sales have been falling and so has its stock. It up. Sales have been falling and so has its stock. So h
for me the for the people that came to help, it was really just all in a day s work situations like this really show everyone and certainly showed us in this instance just how much all of us out in the world depend on all of you and again, i want to thank the crew from medic 24 firefighter hayden campbell, firefighter, paramedic, atom iq, and fire inspector paramedic, kimberly booser, who helped bring gray into the world. i got to be reunited with them over the weekend and i also learned when i spoke to adam and his crew, they were just as happy as i was to have a friendly female face on that crew. thank you. to kim for taking charge because man, she did. we also do want to just take a moment to thank all of the first responders here in the district of columbia, but across the country that all of us trust with our lives every day, because you really have no idea when you might need to make that call and having those people on the other end of the line makes all the difference