Wednesday, July 26, 2023

Interest rates in US hit 22-year high

The United States Federal Reserve has raised interest rates to a 22-year high following a hotly-anticipated two-day meeting. 


The Federal Open Market Committee temporarily paused rate hikes last month — however on Wednesday it announced a quarter percentage point increase to a 5.25%-5.5% range, potentially rounding off the US central bank's most aggressive monetary tightening cycle in decades in a bid to tackle inflation


Benji Hyer reports from Washington DC. 


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Irish singer Sinéad O'Connor dies aged 56

Irish singer Sinéad O'Connor has died, aged 56.


Her family announced her passing in a statement, requesting privacy at this 'difficult time'.


The acclaimed performer released 10 studio albums and topped charts around the world.


Sally Patterson reports.


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Hunter Biden plea deal delayed

A plea deal that would see President Biden's son, Hunter, avoid jail
time has fallen through.

A judge in Delaware said she couldn't rubber stamp the agreement.

U.S. correspondent William Denselow reports from New York.

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Kevin Spacey Found Not Guilty Of Sexually Assaulting Four Men

Oscar winning actor Kevin Spacey has been found not guilty of nine sex offences at a court in London.


He wept as the verdict was announced at the end of the four week trial.


John Bevir (Beaver) reports.



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Sea water temperatures rise on the coast of Florida

Experts are warning of an environmental disaster in the ocean due to
the extreme heatwave conditions across the US.
Seawater along the tip of Florida has exceeded hot tub temperatures
threatening marine life and ocean ecosystems like coral reefs.
Jody Jacobs has those details.

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Six injured following New York crane collapse

Six people are injured after a crane collapsed in New York City.


A fire broke out on the machine on Wednesday near the Port Authority bus terminal in Midtown Manhattan.


Officials say 200 firefighters responded to the scene, and investigations are underway to determine what caused the incident.


Sally Patterson has more.


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Tottenham Hotspur owner indicted over insider trading

The owner of Tottenham Hotspur Football Club has been indicted by U.S.
authorities on charges of insider trading.

Joe Lewis is accused of using his access to corporate boardrooms to
help friends make millions of dollars on the stock market.

William Denselow reports from New York.

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Ghana abolishes the death penalty.


A major step in Ghana's criminal justice system as the West African country has abolished the death penalty.
It comes more than a decade after a recommendation by a constitutional review commission.
Human rights activists have commended the country for taking such a step.
Nabil Ahmed Rufai reports from Accra.

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US braces for another interest rate rise (Fed decision @ roughly 18G)

The United States Federal Reserve is poised to raise interest rates again on Wednesday following a two-day meeting. 


The Federal Open Market Committee temporarily paused rate hikes last month, but it's expected to announce a quarter percentage point increase to potentially round off the US central bank's most aggressive monetary tightening cycle in decades. 


With a look ahead, Benji Hyer reports from Washington DC. 


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Lloyds Half-year Profits Fall Below Estimates As Pressure Mounts On The Bank To Help Customers.

Lloyds Banking Group has reported lower than expected profits for the last 6 months. 


This has been attributed to Britain's poor economic climate, and saw Lloyds shares fall 5% in early trading on Wednesday after the announcement. 


Pressure is mounting on the bank to commit to more support for customers struggling with high interest rates.


Simon Gaitán reports… 


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Hunter Biden to Appear in Delaware Court

Hunter Biden is set to appear in court later today [WEDNESDAY] where he is expected to agree to a plea deal on federal tax charges and avoid prison time.


Republicans have criticized the probe into the President's son as being tainted by political interference.


Ira Spitzer reports.


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More than 1,800 terror attacks recorded in West Africa so far in 2023- ECOWAS


The Economic Community of West African States (ECOWAS), says terrorist attacks are increasing in the sub-region.

So far in 2023, more than one thousand, eight hundred cases of terror attacks have been recorded.

And while insecurity is worsening in the sub region, there are also concerns about political instability in some countries in West Africa.

Nabil Ahmed Rufai reports from Accra.

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Resident Doctors in Nigeria Begin Indefinite Strike

Resident Doctors in Nigeria have begun a total and indefinite strike.

The strike comes after they issued a two-week ultimatum to the government seeking improved welfare.

Correspondent Tesem Akende reports from Jos.

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Indian opposition parties move no-confidence motion against Modi government

Opposition parties, led by the Indian national congress have moved a no-confidence motion against the Narendra Modi led BJP government. 

They're demanding that the Prime Minister make a speech in parliament on the ongoing conflict in the north-eastern state of Manipur. 

Parliament proceedings have been continuously disrupted since last week over the opposition parties demand, which has so far been rejected by the government.

Shalu Yadav reports from Delhi. 


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Russian defence minister in North Korea as official visits resume after covid

Russia’s defence minister and a senior Chinese communist are the first official visitors to North Korea in public since covid started. 

Pyongyang closed its borders early in 2020.

They’ve arrived to help mark Victory Day on Thursday – the seventieth anniversary of the end of fighting in the Korean War of the nineteen-fifties.

Here’s Andrew Wood in Hong Kong. 



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Thousands Evacuated As Doksuri Pummels Philippines

Thousands of people have been evacuated from coastal communities in the Philippines as typhoon Doksuri sweeps through the region.

It's been called a super typhoon and is likely to hit China later in the week.

Patrick Fok reports.

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Anger as South Korea's top court rejects removing minister over deadly Halloween crush

South Korea's top court has ruled against a parliamentary vote to impeach the interior minister over what critics describe as a botched response to a Halloween crush in Seoul last year which claimed 159 lives.

The decision has triggered anger among victims' relatives.

Rebecca Bundhun reports.

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Tuesday, July 25, 2023

U.S. stocks rise again with Fed meeting in focus

U.S. stocks rose again Tuesday as traders await the Federal Reserve's
interest rate decision.

The Fed's two day meeting concludes Wednesday with the Central Bank
widely expected to raise rates once again.

William Denselow reports from New York.

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Joe Biden establishes monument for murdered black teenager

US President Joe Biden has signed a proclamation creating a National Monument for Emmett Till and his mother on what would have been his 82nd birthday. 


Emmett Till was black teenager who was lynched in 1955 — his death and the activist of his mother Mamie Till-Mobley helped galvanise the civil rights movement in America.


With more, Benji Hyer reports. 


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Tentative deal reached to avert postal worker strike

The United Parcel Service has announced it's reached a tentative
agreement with a teamsters union representing over 325,000 people.

The Union had threatened to strike if a deal wasn't reached this month.

William Denselow reports from New York.

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