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BBCNEWS Business Today September 20, 2024

In cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a percentage point, bringing it down to between 4. 75 and 5 . A drop larger than many expected, with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed, Jerome Powell says the us economy is in good shape and they intend to keep it that way. 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 ov ....

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BBCNEWS Business Today - NYSE Opening Bell September 20, 2024

I m ritika gupta. Welcome to business today, live from New York, us shares have made a strong start this thursday as investors wrap their heads around Thatjumbo Half Percent cut in Interest Rates from the Federal Reserve and later comments from chairjerome powell. Was it a Panic Measure in response to a sharp slowdown in the economy . Traders remember similar moves just before the Dotcom Crash the Global Financial Crisis and the pandemic. Well, in his Press Conference Mr powell was keen to dispel any such negative thoughts. The us economy is in a good place and our Decision Today is designed to keep it there. More specifically the economy is growing at a solid pace. Inflation is coming down closer to our 2 objective over time and the Labour Market is still in solid shape. Our intention is really to maintain the strength that we currently see in the us economy. Lets bring ....

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BBCNEWS The World Today with Maryam... September 20, 2024

Welcome to the World Today an hour of international news from the bbc. Israel has launched fresh air strikes in Southern Lebanon as the leader of hezbollah a proscribed Terrorist Organisation by the some western governments was giving his first public reaction to the wave of attacks across lebanon. At least 37 people have been killed and thousands injured by Exploding Pagers and Walkie Talkies. Hassan nasrallah described the attacks as a massacre and said it could be called a declaration of war. Here the Foreign Secretary is urging british nationals to leave the country while commercial flights are still operational. Our chief international correspondent, Orla Guerin has this report. Israeli Fighter Planes flying low Over Beirut this afternoon. Dominating the skies. Carefully timed, as sheikh Hassan Nasrallah was making a televised address. He admitted hezbollah had suf ....

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BBCNEWS The Context September 20, 2024

To identify and remove any deceptive material. It is the first state in the nation to pass such legislation. Is it the new benchmark . Some of this stuff obviously fake, some of it designed to poke fun. But look how these ai memes of cats and ducks powered the pet eating Rumour Mill in america with dangerous consequences. It is a problem too in china. How does the Communist Party retain social order, in a world where the message can be manipulated . Beijing is pushing for all alto be watermarked. And is putting the onus on the creators. And from politics to branding theres no bigger brand than taylor swift. Hijacked by the former president , who shared fakes images of her fans, endorsing him, it affects us all. With me as ever in the studio our regular commentators and ai presenter stephanie hare. And from w ....

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BBCNEWS The Context September 20, 2024

To go back to their homes. And that requires a secure environment. Joining me tonight are nadine batchelor hunt, Politics Reporter at politicshome and wills robinson, assistant Politics Editor at dailymail. Com. First the latest headlines. The leader of hezbollah has called the attacks on the groups pagers and Walkie Talkies in lebanon an unprecedented blow. But he claimed their effect had been limited, saying the leadership had survived and hezbollah s Communications Network was unscathed. Israel says its Military Chief has approved Battle Plans for its northern front, a move the defence minister, yoav gallant, says presents opportunities and risks. There are reports the idf wants to wrest control of So ....

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