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more on all of that later this hour. but first the critical decision set to drop soon from the federal reserve. and cnn business correspondent rahel solomon is here with us. walk us through what is to come in the next hour or so and why it really matters. >> so the expectation is that chairman powell will raise rates about three quurs of a percent. that is not one to one in terms of borrowing costs. we won't see borrowing costs raise 75 basis points. but it does influence all of the categories. so costs will continue to go up. >> and i want our viewers to enter understand what this r...

china has fired missiles near taiwan in a show of force against nancy pelosi's visit to the island. and the bank of england makes its biggest rise in interest rates for nearly thirty years — while saying the uk's headed, for recession. a court in moscow has sentenced the us basketball player, brittney griner, to nine years in prison on charges of drug smuggling. she was also fined $16 thousand. here's ms griner arriving at the court for the sentencing. the olympic gold medallist was detained in february at an airport near moscow when cannabis oil vape cartridges were found in her l...

that the country's top civil servant, simon case, will not resign or be sacked over the pa rtygate controversy. iam i am alive here at downing street, bringing you the very latest on the sue gray report and what it means for borisjohnson and his government. —— i am live. ukraine says its donbas region is facing a massive offensive from russian forces, with attacks on all sides. we report from the front line. and the takeover of chelsea football club is approved. a deal worth £4.25 billion will see a consortium led by american businessman todd boehly become the new owners. hello ...

It is unclear how many israeli hostages would be released under this proposal the Israeli Media has put the figure at 33 in return for the release of an unspecified number is he says he is hopeful hamas will accept what he described as a very generous proposal. Hamas has before it a proposal that is extraordinarily, extraordinarily generous on the part of israel. And in this moment, the only thing standing between the people of gaza and a ceasefire is hamas. They have to decide and they have to decide quickly. The British Foreign secretary, David Cameron also in riyadh said the deal on the tab...

And hamas after weeks of stalemate between the two sides. Egyptian media is reporting that a hamas delegation has left cairo and will return with a response to a Gaza Ceasefire proposal. It is unclear how many israeli hostages would be released under this proposal the Israeli Media has put the figure at 33 in return for the release of an unspecified number of palestinian prisoners. Us President Joe Biden has been speaking with the leaders of egypt and qatar who have been mediators. The us Secretary Of State Antony Blinken who is in saudi arabia said he is hopeful hamas will accept what he desc...