Wednesday, September 18, 2024

Fed cuts interest rates by a half-point

The US Central Bank has taken the leap to cut interest rates for the first time in four years.

It went with the bigger move of reducing the cost of borrowing by 50 basis points. And the Fed signalled another 50 point rate cut before the end of the year. 

Our Washington correspondent Kate Fisher reports


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UN General Assembly calls on Israel to withdraw from the Occupied Palestinian Territory

The United Nations General Assembly has adopted a Palestinian-drafted
resolution that demands Israel end "its unlawful presence in the
Occupied Palestinian Territory" within 12 months.
The resolution received 124 votes in favor, while 43 countries
abstained and Israel, the United States and 12 others voted no.
Jody Jacobs reports from the United Nations in New York.

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U.S. Central Bank due to cut interest rates by either 0.25 or 0.5%

The Federal Reserve is expected to do something on Wednesday they haven't done in four years – cut interest rates - because inflation is coming back in line with their goals, and there has been a weakening US job market in recent months.

Officials are due to announce at 2 pm local time how much they are lowering the cost of borrowing by either 0.25 or 0.5 basis points.

Caroline Malone reports.



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US urges calm after Lebanon pager explosions

US Secretary of State Antony Blinken has called for de-escalation in
the Middle East after thousands of pager exploded in Lebanon killing
at least 12 people.

He's been meeting with Egypt's president in Cairo to discuss ongoing
negotiations for an Israel-Hamas ceasefire and the release of
hostages.

Nick Harper reports from Washington.

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RADIO: MPOX FUNDING APPEAL

INTRO:


The United Nations Children's Fund, (UNICEF) has launched an appeal for 58.8 million dollars to deal with the rising cases of mpox in 6 African countries where children are most affected. More than 400 children under 15 are reported to have died of the viral disease in the Democratic Republic of Congo alone this year. Chris Ocamringa has that report from Kinshasa..

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EU court annuls Google $1.5 bn fine

A European court has ruled that Google does not have to pay a fine
worth more than 1.5 billion dollars.

The antitrust case dates back to a suit brought by the European
Commission back in 2019.

William Denselow reports from Brussels.


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Ukrainian drone attack causes massive explosions in Russia's Tver region

A Ukrainian drone attack on Wednesday triggered a massive explosion in Russia's Tver region near the site of an ammunition depot. Authorities said some residents were evacuated and schools were cancelled. 

Megumi Lim reports from Kyiv  

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UK Inflation Remains Above Target Rate

Inflation in the UK was unchanged last month at 2.2 percent. 


The cost of fuel fell, as did prices at restaurants and hotels… but there was a jump in the price of air travel, especially to European destinations.


Inflation remains above the Bank of England's target rate of 2 percent, but well below the highs of just over 11 percent in October 2022.


Business commentator Declan Curry says the attention now turns to when interest rates are likely to be cut…



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Hungary prepares for possible flood

In Hungary, the Danube River is swelling to near-record levels, raising concerns about potential flooding across major cities.

Officials say flood defense measures are stronger than ever, but the threat remains serious.

Pablo Gutierrez Reports 

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Islamabad summons Afghan diplomat over alleged disrespect to Pakistani National Anthem

Intro:

Pakistan has lodged a diplomatic protest with Afghanistan, accusing the country's acting consul general of disrespecting the Pakistani national anthem.

This is only the latest flashpoint between the two neighbours.

Following the Taliban's takeover of Kabul, diplomatic ties between the two countries have plummeted, with both sides blaming the other for the resurgence of terrorism in their regions.

Hira Mustafa has more.

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Man in India hospitalised with mpox symptoms as country remains on alert

A man who travelled from the UAE to India has been hospitalised after developing symptoms of mpox.

India is on alert after the World Health Organization classified the outbreak as a global health emergency.

Rebecca Bundhun reports from Mumbai.

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ISRAEL DECLINES TO COMMENT ON PAGER ATTACK

Israel is declining to comment on claims it was behind an attack in Lebanon, which saw handheld pagers used by the armed group Hezbollah explode.

At least nine people were killed and nearly 3000 injured on Tuesday.

It appears to have been a sophisticated, remote attack targeting militant group Hezbollah, which is vowing 'retribution' against Israel.

Former CIA officer Christopher Burgess says the possibility of infiltrating pagers has always existed.

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Voting begins in Kashmir's first regional elections in a decade

Intro:

Indian administered Jammu and Kashmir is holding what is the first of three phases of polls.

Voters are queuing up to elect members to the state's legislature in what is the first local election in the region in a decade.

It's also the first election since India's only muslim majority province was stripped of its autonomy and special rights in 2019 - in a move the Indian government said was necessary to curb unrest there.

Correspondent Ishan Garg tells us about what's on the voters' minds from a polling booth in Kashmir. 

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Virus-free.www.avast.com

US officials head to China for talks amid overcapacity concerns

INTRO: A group of senior US officials is traveling to Beijing this week for a round of high-level meetings to raise concerns over China's manufacturing overcapacity.

The planned meetings are the fifth gathering of an economic working group formed by both governments last year to enhance communication at a time of heightened competition between the world's two largest economies Laura Westbrook reports

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Tuesday, September 17, 2024

Republicans shoot down I.V.F. protection bill, again

Senate Republicans have blocked a bill that would offer new protections for in vitro fertilization. It's the second Democrats have tried - and failed - to get the measure passed.  Toni Waterman has more.

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State of Palestine presents it resolution before UN General Assembly

The State of Palestine has officially introduced a draft resolution
before the United Nations General Assembly demanding Israel end "its
unlawful presence in the Occupied Palestinian Territory" within a
year.
Addressing the Assembly on Tuesday, the Palestinian Ambassador
insisted that Israel's impunity needs to end.
Jody Jacobs reports from the United Nations in New York.

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Instagram introduces stricter rules for teens

Social media platform, Instagram, will automatically make teenagers' accounts private and give parents more control, under revamped rules.

It's the company's most significant move yet to manage how minors use Instagram as congress seeks to impose regulations on the industry.

US correspondent Kate Fisher reports 


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UK Foreign Secretary says climate action will be at centre of UK Foreign Policy

The UK's Foreign Secretary has vowed that climate action will be at the centre of UK foreign policy. 

David Lammy called climate change a greater threat than terrorism, and pledged to create a new Global Clean Power Alliance. 


Simon Gaitán reports. 


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US Fed meets with rate cut expected

The US Federal Reserve's two-day meeting is underway, which is
expected to result in the first interest rate cut for almost four
years.

It comes after several sets of data have shown inflation has cooled
and hiring has slowed.

Nick Harper reports from Washington.

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Sean 'Diddy' Combs charged with sex trafficking in NYC

Sean Combs, known as P Diddy, has been charged with sex trafficking in New York City.


The music mogul was arrested on Monday evening local time.


Combs is accused of creating and running a 'criminal enterprise' through his business empire, spanning decades, according to prosecutors.


His lawyers say he will plead not guilty, telling reporters he's innocent of these charges.


Sally Patterson reports from New York.


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