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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 than many expected, with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed, Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent Ritika Gupta has the details. The Federal Reserve has deli ....
is now levelled at 1 1. despite a commendable batting performance from england, they were bowled out for 292, zak crawley top scoring with 73. india were impressive in their bowling, particularlyjasprit bumrah who took nine wickets. ravi ashwin also took 3 72 and is now on 499 test wickets. the series is poised at 1 1. stokes says he was encouraged by england s performance. i m happy with the way we went after that chase. that is exactly how we play cricket. when an opportunity presents itself and it s a pressure situation, i think that generally brings the best out of people. it doesn t always work, but there were a lot of times when we were on top of india and then india were able to produce something that then put them back on top. well, england won the opening test, before india took the second to level the series. it s well known that it s difficult to get a win in india, so india head coach rahul dravid has been complimentary of england s bazball approach. it is n ....
critical nato summit with ukraine s longstanding request for nato admission dividing the allies. it s been 100 days since russia detained reporter evan gershkovich whose mother is hoping for the best as her son sits in a russian prison. i rely on president biden s promise. bringing him back, i think, it s a team effort. good day, everyone. i m andrea mitchell in washington where today s monthly jobs report shows payrolls rising by 209,000 in june. indicating the labor market could be losing steam. the unemployment rate barely ticking down to 3.6%. this with treasury secretary janet yell. announcer: yellen in china trying to ease tensions between the two largest economies while criticizing beijing for its treatment of american companies. joining me now, dominic chu. first the jobs numbers. does this increase the possibility we could avoid a recession, even achieve a soft landing? the elusive soft landing. the jobs numbers just add more confusion to the americ ....
of our republic. the world s fifth oldest zoo bristol zoo gardens is set to close for the final time with the animals on the move to a new location. good afternoon. it is very nearly over voting in the conservative party leadership contest ends this afternoon. party members have until 5pm to choose either liz truss or rishi sunak to succeed borisjohnson the winner will be announced on monday before they take over as prime minister on tuesday. it s been an often bitter contest, lasting almost two months. whoever wins faces an agenda that includes a cost of living crisis and soaring energy bills. our political correspondent helen catt reports. good evening, thank you. it s fantastic to be here. for weeks, liz truss and rishi sunak have toured the country. good evening, it s fantastic to be here. here in darlington. it s fantastic to be here. here, in eastbourne. racking up miles, and, they hope, votes from conservative party members. i think liz truss is the right candi ....
a change in the law is set to give couples more say over wedding venues and ceremonies in england and wales. good afternoon. in the last hour, the met office has said that a new provisional uk temperature record has been set with 40.2 degrees registered at heathrow. if confirmed, it will mean that today is officially the hottest day in this country since records began. the previous record of 38.7 degrees was set three years ago. the met office had already said that last night was the hottest ever recorded in the uk, with temperatures failing to fall below 25 degrees in some places. network rail has issued a do not travel warning for anyone travelling through the zone covered by the extreme weather warning. the east coast main line out of london s kings cross is closed and there will be no thames link for great northern services running north from london all day. many other lines are subject to speed restrictions. the hot weather is also putting pressure on the nhs emergency ....