UK Prime Minister hopes to restore confidence in economy

British prime minister Liz Truss is meeting the UK's independent fiscal watchdog on Friday after days of market turmoil.

Chancellor Kwasi Kwarteng will also sit down with the head of the Office for Budget Responsibility one week after his mini-budget was announced     . 

Liz Truss and Kwasi Kwarteng have continued to defend their plans for the economy, despite widespread backlash.

Sally Patterson has more in London.

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TRUSS HOLDS TALKS WITH OBR

UK Prime Minister Liz Truss is holding talks on Friday with the independent fiscal watchdog after criticism of her government's tax plans.

The Office for Budget Responsibility has confirmed that it could have produced a draft economic forecast in time for the so-called mini-budget last week - but the Chancellor didn't ask for one.

That decision has been blamed in part for turmoil on financial markets.

Former Conservative minister Ed Vaizey says Chancellor Kwasi Kwarteng must make his next update to plans much earlier than the planned date of November 23rd.

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Australia – Covid isolation mandate to end

Covid isolation rules will be scrapped within a fortnight, but Australia's peak medical body believes the move will have "dangerous consequences". 

Bringing an end to mandatory isolation has been the key topic of discussion amongst the countries state and territory leaders at the countries National Cabinet meeting. 

Shaun Bindley reports. 

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COURTESY AIR NEWS MEDIA - AUSTRALIA 

N Korea fires more missiles after Harris visits DMZ

North Korea fired two more ballistic missiles following the departure of US Vice President Kamala Harris from South Korea.

As part of her East Asia tour, Harris visited the heavily armed border between North and South Korea, where she criticized Pyongyang.

Dave Yin reports.

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U.S. stocks plunge to lowest since November 2020

U.S. stocks erased gains on Thursday…as recession fears returned to Wall Street.

The Dow Jones is back in bear market territory, after a short-lived
relief bounce sparked by the Bank of England's bond-buying move.

Gabrielle Fahmy reports from New York.

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Biden warns of "substantial loss of life" from Hurricane Ian

US President Joe Biden has warned there is likely to be "substantial
loss of life" following Hurricane Ian's devastating path through
Florida.

The category-four storm caused severe flooding, high winds and storm
surges across the US state.

Biden has declared it a "major disaster" and approved federal disaster funds.

The President also warned that a high death toll is likely.

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The President tried to console those in Florida who have been impacted
by the hurricane.

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The President said people are still sheltering from the storm.

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UN Secretary General condemns Russia

United Nations Secretary General, Antonio Guterres has condemned plans
by Russia to declare the annexation of occupied parts of Ukraine.
Guterres says the annexation has no legal standing and goes against
the United Nations charter.
Russian officials have said Moscow will proclaim the annexation of the
four Ukrainian states within days following referendums held in those
regions earlier this week.

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U.S. President declares major disaster in state of Florida

U.S. President Joe Biden has declared a major disaster in the state of
Florida, in the wake of hurricane Ian.

It's sending federal funds to the state to help relocate millions of
residents who have been forced out of their homes.

Gabrielle Fahmy reports.

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UK PM LIZ TRUSS DEFENDS HER GOVERNMENT'S TAX CUTTING MINI-BUDGET

The UK Prime Minister Liz Truss has defended her government's decision to cut taxes - saying Ministers took action at a difficult time. The so-called 'mini-budget' delivered by the Chancellor Kwasi Kwarteng last week had been designed to encourage growth - but economists predict interest rates and inflation could now rise faster than expected. Laura Makin-Isherwood reports from London.

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Cost-of-living strike action in France

Major strike action taking place in France / today/ on Thursday / 29 September.

Three of the main unions are calling for salary increases in the face of Europe's runaway inflation, along with a halt to pension reform.

Ross Cullen reports from Paris.

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FOURTH LEAK DISCOVERED ON NORD STREAM PIPELINES: REPORTS

The German Interior Minister has said the country needs to prepare for quote "unimaginable" threats to energy infrastructure after several explosions hit key gas pipelines running from Russia to Germany. 

The cause of the blasts remains unclear - but Russia has called suggestions it was responsible "predictable and stupid." It comes amid reports that a fourth leak on the pipelines has now been discovered. 

From Berlin, Trent Murray has more. 

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UK GOVT STICKING WITH ECONOMIC PLAN

UK Prime Minister Liz Truss says her government is sticking to its economic plan despite turmoil on financial markets.

The British pound hit a record low on Monday after a so-called 'mini budget' of tax cuts and extra borrowing.

The opposition Labour Party says Parliament needs to be recalled and parts of the plan dropped.

But Chief Secretary to the Treasury Chris Philp says it's an appropriate response to global conditions.

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India's Supreme Court rules unmarried women have equal rights to legal abortion

In a groundbreaking judgement, India's Supreme Court has ruled that all women are entitled to a legal abortion, regardless of their marital status.

The court said that depriving unmarried women of the right to abortion was a violation of their fundamental rights.

Rebecca Bundhun reports from Mumbai.

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Japan and China mark 50 years of normalized relations

Japan is marking 50 years of diplomatic ties with China amidst ongoing land disputes, economic rivalry, and rising tensions over Taiwan.

The two countries ended war in 1972 but relations have been fraying in recent years. 

Chris Gilbert reports from Tokyo 

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S Korea receives approval for mission to NATO

South Korea has received formal approval from NATO to set up its first diplomatic mission to the military alliance.

Already a NATO partner country, South Korea's new mission will fall to its embassy in Brussels, where NATO's headquarters are located.

Dave Yin reports.

IN: Allies of the North
OUT: set up a mission.
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South Korea prepares for Kamala Harris to visit DMZ

South Korea is making final preparations to escort US Vice President Kamala Harris to the Demilitarized Zone at the border with North Korea. Her visit on Thursday comes hours after Pyongyang test-fired ballistic missiles off its east coast.

Richard Kimber reports.

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Hurricane Ian makes landfall in Florida

Florida's governor Ron De Santis is warning that "nasty" days are ahead as Hurricane Ian makes landfall in the US state.

Forecasters said cities at the heart of the storm were facing extremely dangerous winds and rains, as officials warned it was too late to evacuate in some places.

Our US correspondent Kate Fisher reports

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U.S. stocks bounce back as Treasury yields dip

The S&P 500 snapped a 6-day losing streak Wednesday.

U.S. markets enjoyed a welcome break from the sell off that's gripped
them since the federal reserve embarked on another round of aggressive
interest hikes to fight inflation.

Gabrielle Fahmy reports from New York.

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State Department says "tremendous progress" made in talks with Pacific Island leaders

US officials say that "tremendous progress" has been made in negotiations with Pacific Island leaders as President Biden hosts them for a first White House summit.

But the State Department would not disclose whether the Solomon Islands has dropped its opposition to a planned declaration that the White House hopes will be unanimously supported by the time the 2-day summit ends.

The State Department spokesman is Ned Price.

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US accuses Russia of "complete fabrication" in Ukraine referenda

The Biden administration is joining Europe in condemning the outcome of 4 referenda held by Russia in regions of Ukraine controlled by Russian forces,

The Kremlin says the people there overwhelmingly voted in favor of joining Russia.

With the US reaction, State Department Spokesman Ned Price.

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