by the monetary policy decision by the federal reserve it is announced and has kept rates unchanged but not without leaving the door open to an increase before the end of the year. officials are feeling more optimistic about growth in the world's largest economy, but also saying they expect rates to stay higher for longer. this saying they expect rates to stay higherfor longer. this is how wall street reacted to the news, all three major us stock indices retreating in the wake of the announcement. michelle fleury has more from new york. the us federal reserve left interest rates steady between my 5% and 5.5%, its highest level in over two decades, as it weighed up its next steps. officials at america's central bank signalled they are prepared to hike one more time this year, they also don't expect to cut rates as much next year, as they have suggested perhaps in the past. it was explained why central bankers were moving toward holding rates higherfor holding rates higher for longer. holding rates higher for

loner. ., . , holding rates higher for loner. ., , longer. economic activity has been stronger _ longer. economic activity has been stronger than _ longer. economic activity has| been stronger than expected, stronger than we all expected. and so what you are seeing is that this is what people believe as of now will be appropriate to achieve what we are looking to achieve, which is progress toward our inflation goal.- is progress toward our inflation goal. central bank now preject _ inflation goal. central bank now project higher - inflation goal. central bank now project higher growth | inflation goal. central bank. now project higher growth and lower unemployment for next year. if they are right for the us will have avoided a long recession. the decision gives policymakers more time to assess whether they have done enough over the last 18 months to tame inflation. the fed began lifting interest rates from near zero in march 2022. central banks here in asia keep a close tab on the fed always because the us interest rates strongly influence exchange rates against the dollar and fred newman who covers economies in asia extensively for a hsbc spoke to me recently of the us policy across the world is not

a primary concern for the fed. it is that our money, your problem, in the sense that the us economy is doing well and according to the chair of the federal reserve, probably leads to a higher interest rate for longer. the problem for asian central banks is that that lead to a stronger dollar and weaker local currencies and that is not always a welcome thing because of course we kept local currencies increase imported inflation, leads to higher inflation, leads to higher inflation and ties the hand of asian central bankers. they may want to be easing at some point in the next few quarters. they may not be able to, they may have to do further interest because because of higher us interest rates for longer stop right there is a wide gap in interest rates between the fed and china and japan, how is that affecting monetary policy in these countries? we have seen weak economic growth in

countries such as china. the currencies reflecting that, but to some extent there is still a case for monetary easing in china, their interest rates should go lower but because currency is weakening there is a bit of hesitation to cut interest rates to fast and that is how the us dollar plays into this and how this decision constrains a bit of the chinese central bank monetary policy decision, and you see a similar process injapan, as well. i have already started to tighten monetary policy a little bit at the margin and that would not have been necessary if the federal reserve had not gone so aggressively the last two years. aggressively the last two ears. ., aggressively the last two ears. . , , ., ~ ., years. fred newman speaking to me earlier _ years. fred newman speaking to me earlier about _ years. fred newman speaking to me earlier about the _ years. fred newman speaking to me earlier about the impact - years. fred newman speaking to me earlier about the impact of l me earlier about the impact of the federal reserve decision and other asian economies. let's turn our focus to another issue that is being faced by the world's a economy, the us, which is the ongoing strike by the auto workers affecting some of the country's largest car

manufacturers. detroit's big three auto—makers and the united auto workers remain far apart in labour negotiations. they are now less than 48 hours before the union deadline to try to make some sort of significant progress, else the striker is likely to escalate with new work stoppages. aside from pei, one of the main concerns of striking autoworkers in the us is the growth of electric vehicles. which they say will end up causing heavyjob losses. currently that is a field being led by china, whose dominance in critical materials and supply chains has allowed them to make high—tech and affordable electric vehicles. how did this happen, and how much should american autoworkers be thinking about china? ourasia autoworkers be thinking about china? our asia business correspondent nick marsh went to a dealership in singapore and sent this report. it is said that by the end of this decade, a third of all electric vehicles will be made by chinese manufacturers. now

this is a byd, they havejust become the biggest ev makers in the world and it is that kind of thing that has got european governments on edge and also got striking american workers worried. the question is, should they be? unlike in the us, china's ev should they be? unlike in the us, china's ev industry is a real mixed field. you have the traditional heavyweights, the new kids on the block, all the companies in between and these guys here, for example have been around about 20 years. in the beginning there were some pretty generous if short lived government subsidies. a healthy business environment and really, hungry middle—class that wanted to buy ev. that all combined to make a real ev starter culture and all that competition has helped to drive new technology and it has also helped to push the prices down.

it stimulates more in narration, foster innovation as well as continuous optimisation. it also creates the common ground of the supply chain and spikes the consumers changing their minds and moving towards a ev. i changing their minds and moving towards a ev.— towards a ev. i have come down one floor — towards a ev. i have come down one floor and _ towards a ev. i have come down one floor and i _ towards a ev. i have come down one floor and i have _ towards a ev. i have come down one floor and i have found - towards a ev. i have come down one floor and i have found the l one floor and i have found the overseas competition. the question is whether american workers at places like ford should be worried about chinese electric vehicles. at the moment, the truth of the matter is that chinese evs barely make a dent in the us market. that's not to say it couldn't happen one day. the head of the body that represents the automotive industry in america likes to talk about a goldilocks zone. so if you force people to buy evs too fast, and the car—makers are not ready, then americans will buy cheap chinese ones. if you go too slowly than you give china even more of a head start. so from

their point of view, it is about getting the pace just right. nick marsh reported. let's look at tourism in asia and the hotspot of thailand, where the new government is eager to revive its tourism industry to try to help boost the economy. the land of smiles as it is called has been welcoming back many visitors from the region, except those from china. but last week thailand decided to change that by waving tourist visa requirements for arrivals from china for the next few months at least. earlier on that i spoke to hannah pearson, who told me she wasn't sure that such measures would be enough to convince chinese tourists to return.— tourists to return. chinese market is _ tourists to return. chinese market is very _ tourists to return. chinese market is very important l tourists to return. chinese i market is very important for thailand. in 2019, chinese international arrivals accounted for almost 30% of total arrivals to thailand. right now it is up 12%. so to get that market back is really important. will the visa waiver

scheme do that?— scheme do that? with the flan um: scheme do that? with the flagging chinese - scheme do that? with the | flagging chinese economy, scheme do that? with the - flagging chinese economy, do you feel that thailand should also be looking at other countries, as well? absolutely. i think the _ countries, as well? absolutely. i think the indian _ countries, as well? absolutely. i think the indian market - countries, as well? absolutely. i think the indian market is - countries, as well? absolutely. i think the indian market is a i i think the indian market is a really high potential market for them and want that again the prime minister is talking about looking at how to incentivise indian travellers to come in. and in reality, the southeast asian market, the neighbours, one of the biggest markets right now, malaysia is the biggest source market into thailand. the only thing that is a bit different is of course the spend. when you have particularly these cross—border tourism, you tend to find those travel patterns are a bit different to those who are flying internationally, the once flying intent to stay longer, therefore they are spending more when they are in the country itself. hannah pearson speaking to me a short time back. alexa got a bit smarter because amazon has given its famous voice

assistance device and upgrade with generative artificial intelligence. the plan is to try to attract more users to what has been an unprofitable product so far. after the update alexa will converse more naturally and answer questions like the start time for football games and even recipe ideas. it will also be able to compose and recite poetry. amazon demonstrated this at their annual product launch in arlington, virginia. as before we go let's me ask you if you have ever looked at your credit card bill and found out your children have been making in game purchases when playing the online video game fortnite? if the answer is yes and you are based in the us then you might be able to claim a refund. a us regulator accused the game of tricking players into making unintended purchases and breaching privacy. just last year, fortnite developer epic games agreed to pay $245 million in refunds and now the federal trade commission has

begun the process of contacting 37 million people to alert them to the compensation. thanks for watching and do stay with bbc news. bbc news — bringing you different stories| from across the uk. stunning natural beauty, but it comes at a cost. the popularity of areas like the llyn peninsula for second homes and holiday lets is one of the reasons people often can't afford to buy in their own communities. gwynedd council wants fewer second homes, and to force people to have planning permission to own one in future. but it admits that might lower house prices, which could hit current homeowners. there's a feeling, well, you know, why — why are the council doing this to my property? and it's very easy to take it personally. changes to planning laws mean councils have more control over property use.

second—home owners here already pay much more council tax, and now gwynedd wants to use a so—called article 4 direction to bring in new rules. it says there's a huge housing crisis, and will use whatever tools it can to let people live in their own communities. theyjust need to do something because there are whole villages where it's just empty. we've been coming on holiday to this area for years and we've been going to the same cottage. but now the council—tax thing has tipped her over the edge, the owner, and she's no longer going to let it out to holidaymakers any more, so she's put it up for sale. if the council decides to press ahead with the controversial move, it will come into force a year from now. for more stories from across the uk, head l to the bbc news website. hey, i'm dylan with the catch up. tonight, climate policy shake—up, the big issues affecting teens, and wrestling

on a japanese bullet train. first up, the prime minister has announced changes to some of the uk's biggest climate policies. they were originally put in place to help us reach net zero by 2050 — that's a target of no longer adding to the total amount of greenhouse gases, such as carbon dioxide and methane, in our atmosphere. rishi sunak said that goal is still in place, but he announced some changes to the government's policy that will impact us all. he pushed back the ban on the sale of new petrol and diesel cars by five years, to 2035. he scrapped plans to add extra taxes to meat and flying. and he increased grants to help people switch to more energy—efficient boilers in their homes. the labour party said if it wins the next election it'll bring back the ban on new petrol and diesel cars to 2030. next up, a new survey conducted for the bbc has found over a third of teens say comparing themselves to others on social media creates anxiety in their lives.

44% also said they don't feel safe walking alone on a street. the poll spoke to over 2,000 people aged 13 to 18. some say they want to see stronger community guidelines to help tackle bullying on social media. some good news, though — 66% of those surveyed said they feel positive about the future. and finally, i'm leaving you with ten seconds of wrestling on a bullet train. two professional wrestlers went head—to—head in front of passengers on this train injapan. i guess that's one way of figuring out who gets a seat. that's it from me — you're all caught up.

hello and welcome to sportsday — i'm marc edwards. seven goal thriller at the allianz arena — bayern bring out the big guns beating man united 4—3. spain's world cup winners are back in training as the country's football federation sacks its general secretary. and italy produce a stirring second—half comeback to beat uruguay at the rugby world cup.

hello, and thanks for joining us on sportsday. only one place to start and that's the champions league where there were plenty of tasty ties to tuck into — none more so than in munich, where two of the biggest and most succesful european clubs went head to head in their opening match of this year's competition. it was raining goals in germany, bayern beating man united 4—3. the bundesliga side looked to be cruising after goals from leroy sane and serge gnabry. united pulled one back before harry kane added a third from the penalty spot for bayern. it was a frantic ending — three goals in the last seven minutes. a casemiro brace for united sandwiched by a mathis tel goalfor bayern. but munich 4—3 winners. late drama, although significantly fewer goals for another european giant. real madrid leaving it very late indeed, jude bellingham scoring in the 94th minute to give them a 1—0 victory