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and now the sport. we will start with some transfer news. arsenal have agreed a deal with chelsea for around £65 million for the forward kai havertz. chelsea bought him from bayer leverkeusen in 2020 for a deal worth around 71 million pounds. mikel arteta is looking to stregthen his squad arsenal had a second bid for west ham captain declan rice turned down this week. manchester city have agreed a deal with chelsea to buy mateo kovacic. the croatian midfielder willjoin the treble winners for an initialfee of £25 million with a further £5 million of potential add—ons. kovacicjoin...

behind the alibaba single - our asia correspondent. he was behind the alibaba single stay l behind the alibaba single stay phenomenon in 2009 and has been the chief executive for about eight years and he has been the chairman for around four years but now he is stepping down and he willjust focus on heading up the company's new cloud computing unit which is going to work on artificial intelligence. it is all part of the company's broader pivot away from e—commerce and online shopping is what made it its fortune but in recent years sales have been sluggish and the value of the compa...

during his press conference. with us inflation running still well above the bank's 2% target, it'sjob is not yet done. i think, as anyone can see, not a single person on the committee wrote down a rate cut this year, nor do i think it is at all likely to be appropriate if you think about it. inflation has not really moved down. it has not so far reacted much to our existing rate hikes, and so we're going to have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday's decision ushers in a new phase in the fed's...

wissam—al—tawil managed many operations in the south of the country. israeli strikes have killed 249 palestinians and injuring a further 510 in the past 24 hours according to the hamas run health ministry and this comes as the top diplomat from america antony blinken is back in the middle east meeting officials in the uae, saudi arabia and israel. further talks on the conflict in gaza. our correspondent sent the very latest. the scale of gaza's humanitarian crisis clearly visible along its southernmost border. hundreds of thousands are now crammed into tents. after fleeing their ...

historical rate hiking campaign hours the time to take a break and give the time to adjust to its actions that have pushed up the cost of borrowing for things like mortgages, business loans, and credit cards. the decision left the fed's benchmark at between 5% and 525%. for companies and consumers alike the pain may not be over. as fed chair jerome powell meekly during his press conference, with us inflation running above the bank's 2% target its job is not yet done. i bank's 2% target its “ob is not et done. ~ . , bank's 296 target its “ob is not yet amt yet done. i think, as an...