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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. The bbc has been told that Sir Keir Starmer s Chief Of Staff received a Pay Rise after the election which means she is now paid more than the Prime Minister. Sue gray asked for and was given a salary of £170,000 £3,000 more than the pm and more than any cabinet minister. 0ur political correspondent, henry zeffman, has more. I knew that there were tensions at the top of government and this Storys Existence in some way from Chris Mason and me attests to those, but my phone has practically blown up in the hours since we published this story yesterday, with people across Whitehall And W ....
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 ....
Monitoring a speech from the Hezbollah Leader, Hassan Nazrallah, giving his first public response to two days of attacks in lebanon using sabotaged Communication Devices. The number of people killed has risen to 37, with over 3,000 wounded. The Hezbollah Leader accused israel of being behind the operation, which he said crossed a red line. Oi or humanely with me is ou or. Humanely r security with me is our Security Correspondent frank gardner. Some of what he says is true, some of what he says is true, some is not. They are in real trouble, they are trashed, they in real some is not. They are in real trouble, they are trashed, they are in no position to fight a are in no position to fight a ....