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The reaction in asia so far has been mixed. Our North America Business correspondent Ritika Gupta has the details. The federal reserve has delivered a super sized Interest Rate cut aimed at bolstering the us Labour Market. The 0. 5 percentage cut, the first in over four years, brings its key Interest Rate, the federal funds rate, down to between 4. 75 and 5 . It comes amid Signs Inflation in america is continuing to fall, while the Job Market remains strong, even as unemployment has risen this year. The Labour Market is actually in solid condition ....
A second day of explosions in lebanon, this time involving Walkie Talkies used by hezbollah. Lebanons Health Ministry says at least 20 people were killed in Tuesdays Walkie Talkie explosions. More than 400 others were wounded. Our senior international correspondent, orla guerin, reports from beirut. His polo coming to bury its deadin his polo coming to bury its dead in South Beirut today. Casualties of a new chapter in Middle East warfare. Killed not by airstrikes but by exploding pages. Apparently a message from mossad. Among the dead, an 11 year boy. But even the mourners were not safe. Suddenly, the sound of another blast. Chaos and panic filling the street and a rush to evacuate the wounded. The authori ....
Point to 3. 5 . So have those eurozone nations turned a corner on inflation . Joining me now is charles younes, deputy chief Investment Officer at financial Analysis Company fe info. Good to have you with us. Make that link for us. We saw that cut earlier in the week, and it seems as though it backs up that decision they made earlier. Yes, i fully agree with you on that point. The ecb has been very clear, they have been slow in Cutting Rates, and really it is about inflation. So the number given this week confirms that the ecb needs to be very slow in Cutting Rates. It that the ecb needs to be very slow in Cutting Rates. Slow in Cutting Rates. It also su ....