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We start here in the uk, with travel worries for thousands of Airline Passengers as pilots at europes biggest budget carrier, ryanair, walk out on strike at the height of the Summer Holiday season. The action by ryanairs uk based pilots began at a minute past midnight and will run until midnight tomorrow, the busiest day of the year for air travel. Ryanair is due to carry over a quarter of a Million People on more than 1700 flights from the uk over the 48 hour period. Its drafting in extra pilots and has promised to operate a full schedule of flights to and from uk airports. But it says it cant rule out small delays or changes to flights. Its telling passengers to check their sms or email or the compa nys website. More industrial action by uk pilots is planned between the 2nd and the 4th of september, unless an agree ....
Theyve been charged with murder, but what should happen to them has become a huge topic of debate in russia. Boris johnsons diplomatic tour of europe continues, as the uk Prime Minister tries to convince european leaders to renegotiate the brexit deal. Yesterday he met with Angela Merkel in berlin, and today he met with emmauel macron in paris. We are 70 days away from the brexit deadline and still no agreement has been made. Mrjohnson began his meeting on a positive note. I want to be absolutely clear to you, emmanuel, to the french people, that of course i want a deal. And i think we can get a deal in a good deal. I was powerfully encouraged by our conversations last night in berlin with our mutual friends. And i know that with energy and creativity, and application, we can find a way forward. The problem for borisjohnson remains the same as the one that was faced by theresa ....
For a no deal brexit. Now on bbc news, live to singapore for Asia Business report. A cutting response. The fed lowers its Interest Rates for the first time in more than a decade, but the us president and Investors Show their disappointment. Indias Smartphone App economy. How young social media stars can earn more than engineers and lawyers. Smartphone economy. Hello and welcome to Asia Business report, im sharanjit leyl. We start with the us, because the Federal Reserve has cut its main Interest Rate for the First Time Since the financial crisis. ....
The Federal Reserve is widely expected to trim Interest Rates today for the First Time Since 2008. The only question is by how much. Some believe in a 50 basis point cut, as fed Chairmanjerome Powell has voiced growing concerns about the us economy. Especially inflation, which has remained stubbornly below the feds 2 target, despite unemployment being at the lowest in nearly 50 years. But lately a majority of economists seem to favour a 25 point cut, with another one following in the coming months. And maybe as many as three next year. So why cut at all . Lowering borrowing rates makes it easier for businesses to get loans to invest in new projects, and for consumers to buy homes, cars and other items, which creates demand that keeps the economy humming. M ....