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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 ....
Joe lynskey, bbc news. ThIs programme contInues on bbc one. A genocIde and a declaratIon of war. So says hezbollah Imarsana.com/news/s-leader >S Leader of the Imarsana.com/news/explodIng-pagers >ExplodIng Pagers In lebanon. As Israel strIkes tonIght, Is It over for Imarsana.com ....
His comments came after a second day of explosions in lebanon this time involving walkie talkies used by hezbollah. Lebanon s health ministry says at least 20 people were killed in tuesday s walkie talkie explosions. More than 400 others were wounded. Hezbollah, coming to bury its dead in south beirut today. Casualties of a new chapter in middle east warfare. Killed not by air strikes, but by exploding pagers. Apparently, a message from mossad. Among the dead, an 11 year old boy. But even the mourners weren t safe. Explosion. Suddenly, the sound of another blast. Chaos and panic filling the street and a rush to evacuate one of the wounded. The authorities say this time, walkie talkies exploded, not just in beirut. Here, at a cell phone shop in the southern city of sidon. Israel is being blamed for the past 2a hours of unprecedented attacks. Sirens. Well, one more ambulance there passing by. We ve been seeing them in the last half an hour or so. Also fire brigade trucks. People have b ....