BBCNEWS World Business Report June 4, 2024 04:39:00
Fed chairjay powell has formally been sworn in to begin a second four—year term. the head of the us central bank has pledged to tame the country's highest inflation in a0 years without tipping the economy into recession. he's promised to keep pushing on rate hikes until there is clear and convincing evidence that inflation is dropping. mr powell was first nominated for his first term by former president donald trump. a big shakeup at china's ride—hailing giant, didi global. stockholders, which include the likes of softbank and uber, have voted to delist didi from the new york stock exchang...