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Bumper cut the Federal Reserve slashes the cost of borrowing by half a Percentage Point. We take a look at what this says about the us economy. And the Bank Of England are minutes away from telling us whether theyre cutting rates or not. Markets think theyre staying where they are. Welcome to business today. We start in the us, and a big move by the Central Bank 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 ....
In four years. Hello. In the last hour, lebanon has banned Walkie Talkies and pagers from all flights out of the countrys only commercial airport in operation. The move comes after explosions were triggered in pagers and Walkie Talkies used by hezbollah. The attacks killed at least 32 people and injured thousands. Israel hasnt confirmed it was behind the blasts, but its Defence Minister Yoav gallant has said its opening a new phase in the war. The us says its involved in intensive diplomatic efforts to prevent the conflict escalating further. The leader of hezbollah, which some western states have designated a terrorist organisation, is expected to address the events in a speech later today. Simonjones reports. A funeral in Southern Lebanon is about to be i ....
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 ec ....