michelle fleury has the latest. michelle fleury has the latest from new york.one was the mention of an all—encompassing trade deal promised in the wake of brexiter. in its place, a commitment to co—operate on defence, trade, a deal on data protection and ways to regulate new ai technology. the uk prime minister hailed this approach as a better response to the challenges the two countries face. the economic relationship between our two countries has never been stronger. the trade is worth hundreds of billions of pounds, dollars, a year. over a million of our citizens in each other�*s countries work in each other�*s companies. in each other�*s countries. and that trade is growing as something like 20% last year. as part of the atlantic declaration, president biden pledged to give uk exporters access to critical minerals needed for electric car batteries. similar to an agreement the us made with japan. there is no reason why great britain will not play a major role in not only critical material but in investing in united states of america and all of our initiative

michelle fleury reports from new york-— michelle fleury reports from new york. , ., �* ., new york.en went on the road to make _ new york. joe biden went on the road to make his _ new york. joe biden went on the road to make his pitch _ new york. joe biden went on the road to make his pitch to - road to make his pitch to sceptical americans. the president _ sceptical americans. the president outlined - sceptical americans. the president outlined his i sceptical americans. the president outlined his economic vision for the future, and laid out how his policies have delivered so far.- out how his policies have delivered so far. today, the us has the highest _ delivered so far. today, the us has the highest economic - delivered so far. today, the us i has the highest economic growth rate, leading the world economies, since the pandemic. the highest in the world. applause and he spelled out what his economic policy was not. folks, let me say _ economic policy was not. folks, let me say this _ economic policy was not. folks, let me say this is _ economic policy was not. folks, let me say

from new york, michelle fleury. ask most americans how the world's biggest economy is doing and they may say things are going badly, but the data paints a different picture. the us economy grew 2% in the first three months of the year, almost double initial estimates. consumers spent more, exports held up and prospects for the second quarter also look better. the housing is market focused on recovery and subsidies for semiconductor and electric car plants kicking in. the challenge for the american central bank is keeping inflation trending down. data due out later on friday from us economist department is likely to confirm prices are cooling. but with inflation still stubbornly high, policymakers here, as in many other developed economies, aren't done raising interest rates. michelle fleury reporting. let's quickly show you how markets reacted. all major major intersystem 0k all major major intersystem ok but japanese nikkei all major major intersystem 0k butjapanese nikkei opening but japanese nikkei opening slight

michelle fleury, bbc news, collingwood, canada. fascinating to see how that works, isn't it? other main business stories. a court in germany has postponed him in a claim for damages against the of the main and see covid vaccines. —— anti. it was said to be the first claim in germany related to the pandemic. a woman says she suffered from pain, swollen legs and tiredness after getting thejob. buy on take is contesting the claim —— beyond this comes after an interview george soros did with the wall street journal when he did not want his foundation to be taken over by one of his children. when asked about his decision, he said he had earned it. a team is investigating a major data breach in india of people who have registered on a covid vaccination programme at work late. —— were leaked. it included dates of birth and phone numbers and among them are some prominent indian personalities and senior politicians. the cost of living crisis is impacted on people contributing to charity as volunteers and as donors. while 2022 was a record year for donations, many people are backing aw

michelle fleury there in washington, dc. the latest decision by america's central bank comes at a time when inflation is slowing but not as quickly as the federal reserve wants it to be. earlier, i spoke to blerina uruci of t.rowe price who gave us her take on the fed's latest move to pause interest rates. i think it's very important for the fed to take a look around and consider monetary policy lags, they tightened monetary policy very fast over the last 15 months. we are at a level with interest rates where businesses and consumers are feeling the pain and are feeling the tightening in monetary policy that we have received and now they have to be more considered about the pace at which they proceed from here. there is a clear sense of urgency and of the fact that more needs to be done to bring inflation down but at the same time doing this at a pace that the economy and markets can absorb it more gradually, so that they can keep the path to a soft landing still alive. the last time we spoke was last month and there was a b

michelle fleury reporting.gang thought to be based in russia has a claimed that it is behind the hacking of payroll data affecting companies around the world including the bbc, boots and british airways. the group is called clop and it is threatening to publish the stolen information if the victims do not e—mail them by the 14th of june. josh kennedy—white is an expert in cyber technology with division x global and he explains why this is not your typical cyber attack. so it is a file transfer software used by hundreds of companies, including the bbc, to encrypt files. as we know the russian speaking ransomware group clop have claimed responsibility for the theft. it doesn't mean they have done it but microsoft has attributed data theft in similar operations. it appears what clop have done is deploy a zero day vulnerability to carry out this attack. within a supplier to move it. the uk hr payroll provider called zellis. and this is very interesting and we are seeing much more of these sort of attacks so zero da

michelle fleury, bbc news, collingwood, canada. shehbaz sharif, says the first shipment of discounted russian oil has arrived in the country, calling it a new beginning in bilateral relations. a russian tanker carrying 115,000 tonnes of crude docked in karachi on sunday and is being unloaded. it's part of a new deal between moscow and islamabad. what does this deal mean? the prime minister there saying the beginning of a new relationship between pakistan and the russian federation but it is a controversial relationship. it but it is a controversial relationship.— but it is a controversial relationship. but it is a controversial relationshi -. , ., relationship. it is indeed, due to the invasion _ relationship. it is indeed, due to the invasion of _ relationship. it is indeed, due to the invasion of ukraine, - relationship. it is indeed, due to the invasion of ukraine, various| the invasion of ukraine, various sanctions from the west especially on oil exports. now russia has turned to developing countries like india and china and no

michelle fleury reports.olicy makers you have been raising rates since march last year to make it more expensive to borrow money. our goal is to slow the rapid increase in prices without cooling down the economy so much that people start to lose theirjob and with the most recent data showing signs inflation is easing, the federal reserve is expected to leave rates unchanged injune. charles unchanged in june. charles lieberman, unchanged injune. charles lieberman, who has worked at the new york fed and its chief investment officer at advises capital management explained. the fed has tightened policy dramatically and quickly, basically a five percentage point increase over a little more than a year. that is huge, historically it's an enormous increase and i think there is one view that the fed should wait to see the impact of what they have done stop any break may be short—lived, us inflation running above the 2% target of the fed so the pain from higher borrowing costs to companies and consumers is likely not

that was michelle fleury.w is pete earle, economist and research fellow at the american institute for economic research. markets are pricing in a 93% probability that the fed will hold interest rates steady today. if we just take it, which if wejust take it, which is always slightly concerning, if we take it is a given that this was going to happen, what next? what is the medium term picture for interest rates? where are they going to go and how are we going to know? 50 i they going to go and how are we going to know?— going to know? so i think toda 's going to know? so i think today's cpi _ going to know? so i think today's cpi number - going to know? so i think today's cpi number was l going to know? so i think - today's cpi number was mostly good news from the federal reserve's perspective, as the video before mentioned this was the 11th straight month where we have seen the price decline. this number is good for a skip not a pause. i think the fed will likely not take any action today but is more likely to

from new york, michelle fleury reports.and shein to online shopping platforms have become hugely popular in the united states, especially with gen z he consumers. but as that popularity has grown, so too has scrutiny. over the ties to china, the country where the two countries started out. a congressional report claims the two companies had recently violated us import laws. us lawmakers warning that there was a risk that products sold by temu have been made with force to be your labour. the report as a result of an ongoing investigation that barred the import of forced import of beaker labour. temu said it is not as long as they are sent directly to consumers and are valued at under $800. the criticism of these two fast fashion giants are a reminder, it seems the cost of doing business in the us given political tensions right now is greater scrutiny of the supply chains. in other news this morning the ftc has faced off with the tech giant microsoft in court. meanwhile, a senate subcommittee has asked the key figures of a pr

the bbc�*s north america business correspondent michelle fleury reports from outside the federal reserven washington dc. since march 2022, interest rates in america have gone up 5%. that's an enormous amount in a short period of time. on wednesday, policymakers inside here all agreed, given its historic rate hiking campaign. now was the time to take a break and give the economy time to adjust to its actions that have pushed up the cost of borrowing for things like mortgages, business loans and credit cards. the decision left the fed's benchmark rate unchanged in a range between 5% and 5.25% percent. but for companies and consumers alike, the pain may not be over. as fed chairjerome powell made clear during his press conference with us, inflation still running well above the bank's 2% target. its job is not yet done. there was not a rate cut this year— there was not a rate cut this year nor— there was not a rate cut this year nor is _ there was not a rate cut this year nor is it likely to be appropriate if you think about it. inflation has not moved down _ it. inflation has not moved down

michelle fleury, bbc news, collingwood, canada.pandemic highlighted the need for bosses to be more proactive when it comes to the mental well—being of their staff, but loneliness is an issue that is difficult to tackle. 0ne estimate suggests it can be costly — an estimated £2.5 billion a year to uk businesses — so addressing this mental health issue is imperative but many leaders are unsure how. live now to mimi nicklin, author, podcaster and founder of the empathy everywhere organisational training platform. good morning to you, mimi. is this something that you have actually helped business leaders with, the issue of loneliness among their staff? absolutely. and i think one of the biggest sort of misunderstandings of what it is is that people think that loneliness is the absence of people but actually, loneliness is the absence of connection. so that is absolutely something that leaders can build on, can work on, can create in their workplaces when they look at areas such as culture, connectivity and communication in the workplace

that is michelle fleury.er at morningstar investment management. good morning to you. it is a big gamble, isn't it, a lot can happen between now and november of next year when americans go to the polls in the fed is saying it may increase interest rates a few more times.- rates a few more times. well, hello, sally. _ rates a few more times. well, hello, sally, you are right. - rates a few more times. well, hello, sally, you are right. it. hello, sally, you are right. it is a big gamble taking credit for what's going on and suggesting it is going to carry on a very uncertain times is a big gamble. i imagine that is what politics in the us is all about. president biden is right that the us does have a very strong economy at the moment. it's the strongest of the g7, the richest nations in the world. and that's no mean feat. but it reflects some really big economic risks that both the biden administration and also the federal reserve has taken over the last years to stimulate the economy post covid and that of co

let's hear now from michelle fleury in new york. let's hear now from samira in new york. we've been hearing about al and whether there should be more regulation. now rishi sunak is heading to washington to say to president biden, if we are doing it, the uk needs to play big role in this. �* ., ., , . , this. and part of that pitch is auoin to this. and part of that pitch is going to be _ this. and part of that pitch is going to be that _ this. and part of that pitch is going to be that the - this. and part of that pitch is going to be that the uk - this. and part of that pitch is going to be that the uk can i this. and part of that pitch is i going to be that the uk can play this intermediary role between the united states and eu. it still has some economic relations with china. that really puts the uk in a unique position to be able to play to this kind of leadership role. mr sunak said that there is no firm or concrete plans here and as it's very much a meeting of throwing ideas on the wall and is finding out if there is some way in which we can come together and find s

from new york michelle fleury reports. they may well tell you things are going are they may well tell you things are going badly the data however paints a different picture of the us economy grew 2% in the first three months this year that is almost double initial estimates. consumers spent more experts held up and prospects for the second quarter also look better. with the housing market focused on recovery and subsidies for semiconductor and electric car plans beginning to kick in. the challenge for america's central bank is to keep inflation trending down. date are due out later this friday from the us commerce department is likely to confirm prices are cooling. but with inflation still stubbornly high, policy makers here as in many other developed countries are not done raising interest rates. let's show you how investors reacted to that latest data which should other than expected data out of the united states. there are hopes and out of the country might avert a recession. you can see all of the main industries durin

my colleague michelle fleury has more. policymakers inside here.merica's central bank, have been raising interest rates since march 2022 to make it more expensive to borrow money. their goal — to slow the rapid increase in prices without cooling down the economy so much that people start to lose theirjob. and with the most recent data showing signs that inflation is easing, the federal reserve is expected to leave interest rates unchanged injune. charles lieberman, who has worked at the new york fed and who's now chief investment officer at advisors capital management, explained the rationale. the fed has tightened policy quicklx _ the fed has tightened policy quickly. a increase in excellent bit over a year and that — excellent bit over a year and that is— excellent bit over a year and that is huge, historically it's a enormous increase and i think is a lot, — a enormous increase and i think is a lot, there is one view that— is a lot, there is one view that the _ is a lot, there is one view that the fed should wait to see the impact of what they h

our north america business correspondent michelle fleury has hopes of a full free trade deal were dashedetime ago because it was clear that biden had been interested in that. there were noises for some time that we might get something more about an alliance against external threats to economic security and furthering ambitions on net zero. while this might seem like a pick and mix trade alliance, little bits here when it comes to talking about protecting supply chains, a little bit about making it easier to swap data between us and american firms and a little bit here about green energy and nuclear, it is very much tied together in looking at what of those common threads. the password to our economic security and supply chain resilience, along with net zero ambitions. there are various games to be had here. it symbolises the modern face of international trade. it is less about tariffs and bring it on taxes on goods we sell across borders and making sure your interests are protected. frankly, there is quite a way to go with this one, this is the start of a very long process. one, this is

michelle fleury has the latest from new york.was the mention of the all—encompassing trade deal promised in the wake of brexit. as place, a commitment to cooperate on defence, trade, a deal on data protection and ways to regulate new ai technology. the uk prime minister held this approach as a better response to the challenges the two countries face. . ., ., . challenges the two countries face. ., . ., ., , , face. the economic relationship has never _ face. the economic relationship has never been _ face. the economic relationship has never been stronger. - face. the economic relationship has never been stronger. the . has never been stronger. the trade — has never been stronger. the trade is — has never been stronger. the trade is worth hundreds of billions _ trade is worth hundreds of billions of pounds or dollars a year. — billions of pounds or dollars a year. over_ billions of pounds or dollars a year, over1 million of our citizens— year, over1 million of our citizens in— year, over1 million of our citizens in each country w

has been slow against boeing by a small us company. 0ur north america business correspondent michelle fleuryolorado company is accusing boeing of a cover—up to generate company profit. boeing has responded saying this lawsuit is rife with an accuracy and they will vigorously defend against in court. is this case about? wilson aerospace said it was hired by boeing between 2014 and 16 to attack engines to an asset to return humans to the moon. but according to the complaint was filed in seattle, boeing terminated the contract and produced versions of its intellectual property that were not only flawed, but created safety risks but with the lives of astronauts at risks. david wilson, president and founder of wilson aerospace, describe those as beyond despicable. they are seeking damages from boeing for use of its trade secrets. �* ., , , , secrets. bashir fleury. fires in canada — secrets. bashir fleury. fires in canada have _ secrets. bashir fleury. fires in canada have caused - secrets. bashir fleury. fires| in canada have caused flights to be delayed after resulting in reduced ability new yo

let's speak to our north america business correspondent michelle fleury., happy friday. what is going on in canada? the canadian what is going on in canada? tue: canadian parliament what is going on in canada? t'ta: canadian parliament passed what is going on in canada? tt2 canadian parliament passed this law which requires tech companies to pay a licence to put news articles on their websites. we have already seen some reaction from both companies, facebook said it would withdraw all news from both the platforms it owns, facebook and instagram, google said it was disappointed that it had offered other alternative solutions to this particular law and they had been rejected at every turn. meanwhile the canadians determined to try and protect the integrity of the news market and that is why they have taken this action. the the news market and that is why they have taken this action.— have taken this action. the voices are tellin: have taken this action. the voices are telling me _ have taken this action. the voices are telling me i _ have taken this action.

michelle fleury is in washington for us. is good to see you. see you. what is the murder there like? _ is good to see you. what is the murder there like? what - is good to see you. what is the murder there like? what are i is good to see you. what is the - murder there like? what are analysts saying they are expecting? —— what is the mood there like? the?i saying they are expecting? -- what is the mood there like?— is the mood there like? they will take a break _ is the mood there like? they will take a break from _ is the mood there like? they will take a break from raising - is the mood there like? they will| take a break from raising interest take a breakfrom raising interest rates, many think. if you look back at the last year or so, interest rates in america have gone up about 5%, an enormous amount to see rates go 5%, an enormous amount to see rates 9° up 5%, an enormous amount to see rates 9° up by 5%, an enormous amount to see rates go up by over such a short period. so there is a sense that perhaps it make sense to take a break and see

michelle fleury has more from new york.ance needs no introduction, founded in 2017 by changpeng zhao, also known as cz, today it is the world's biggest platform to buy and sell bitcoin and other cryptocurrencies. it is also increasingly under pressure. the securities and exchange commission malzieu's main regulator, has filed i3 judges against the company and as billionaire creator, accusing it of artificially inflating its trading volumes, breaking the law by failing to restrict us customers from using its global platform, and of misleading investors about its market surveillance controls. it also allegedly misused customer funds, it also allegedly misused customerfunds, diverting some customer funds, diverting some to customerfunds, diverting some to companies controlled by cz, one of crypto's most high—profile moguls. it comes as the us has pledged to use its laws more aggressively to oversee the crypto industry. it also follows the collapse of rival trading platform ftx. in response, the company said it was disappointed

michelle fleury explains. joe biden went on the road to make his pitch to sceptical americans.resident outlined his economic asian for the future and laid out what his policies have delivered so far. ., , his policies have delivered so far. ., ._ ,, ., , far. today, the us has the hithest far. today, the us has the highest economic - far. today, the us has the highest economic growth i far. today, the us has the - highest economic growth rate, leading the world economies, since the pandemic. the highest in the world. find since the pandemic. the highest in the world.— in the world. and he also spelt out what is _ in the world. and he also spelt out what is economic - in the world. and he also spelt out what is economic policy - in the world. and he also spelt| out what is economic policy was not. ., _ out what is economic policy was not. ., , out what is economic policy was not. ., not. folks, let me say this as clearly as _ not. folks, let me say this as clearly as i — not. folks, let me say this as clearly as i can. _ not. folks, let me say this as clearly as i can. trickle-do

live now to new york and our reporter michelle fleury. hi michelle.d to have done here. 50. or is alleged to have done here. so, there are or is alleged to have done here. 657, there are these or is alleged to have done here. srr, there are these 13 or is alleged to have done here. s513, there are these 13 charges filed by there are these 13 charges filed by the securities and exchange regulator, which is wall street's main regulator. amongst the things you are seeing included here are the allegations that it artificially inflated trading volumes. that it didn't stop its us customers from accessing its global platform, so that was it in violation of us securities laws. and that it acted in many ways as an illegal trading platform. there was also a mishandling of customer funds, platform. there was also a mishandling of customerfunds, even in some cases funds being transferred to companies of which the company ceo and founder actually controlled. these are very serious obligations and come at the time of mounting legaljeopardy for this mounting legal j

saturday due to the poor air quality in the capital. 0ur north america business correspondent michelle fleuryew york for us. i mean, you do get a sort of slight, very mild stinging sensation in the eye, and you can smell it. but nowhere near the levels that we were seeing yesterday early afternoon. that was, i think, when we saw the peak of that orange haze. and in fact, i can tell you right now, in the distance you should be able to see the statue of liberty over my shoulder. it's still hazy enough i think that it's probably hard to make out, but trust me it is there. and i think that's kind of where we're at right now. it has improved, but it still remains hazardous. people are talking about the air quality index. it is above 150, and that's considered hazardous. yesterday, though, we saw the mayor of new york saying it had reached a level of 484, the highest in the history of or at least since the �*60s. and so there was these warnings that people should stay indoors, avoid being outside and wear masks when possible. it is very blade runner, isn't it? let me ask you this. i read somewhere

here's michelle fleury in new york.sk most americans how the world wide web largest economy is doing and they may well tell you that things are going badly. the data however paints a different picture. the us economy grew 2% in the first three months of this year. that is almost double initial estimates. consumers spend more, exports held up and prospect for the second quarter also look better with the housing market focused on recovery and subsidies for semiconductor and electric car parts beginning to kick in. the challenge for america's central bank is to keep inflation trending down. data due out later this friday from the us commerce department is likely to confirm prices are cooling. but with inflation still stubbornly hire, policymakers here as in many other developed economies are not done raising interest rates. susannah streeter is senior investment analyst at hargreaves la nsdown. susannah, biden is obviously on a re—election campaign. but if we look at his economic track record as president, how successful h

the federal reserve wants time to assess the impact of rate hikes so far. 0ur michelle fleury has moreince march 2022, to make it more expensive to borrow money. their goal, to slow the rapid increase in prices, without calling down the economy so much that people start to lose their jobs. much that people start to lose theirjobs. and with the most recent data showing signs that inflation is easing, the federal reserve is expected to leave interest rates unchanged in june. leave interest rates unchanged injune. charles lieberman, who has worked at the new york fed and is now chief executive officer at advisers capital management explained the rationale.— rationale. the fed has tightened _ rationale. the fed has tightened monetary i rationale. the fed has - tightened monetary policy quite dramatically very quickly. basically a five percentage point — basically a five percentage point increase over a little more _ point increase over a little more than a year. and that is huge — more than a year. and that is huge. historically, it is an enormous increase, and i think there _ enormous inc

our north america business correspondent michelle fleury has been looking at the details.the mention of an all—encompassing trade deal promised in the wake of brexit. in its place, a commitment to co—operate on defence, trade, a deal on data protection and ways to regulate new ai deal on data protection and ways to regulate new al to ology. the uk prime minister failed this approach is a better response to the challenges the two countries face. . ., ., . challenges the two countries face. ., . ., ., , , face. the economic relationship between our — face. the economic relationship between our two _ face. the economic relationship between our two countries - face. the economic relationship between our two countries hasl between our two countries has never been stronger. the trade is worth hundreds of billions of pounds or dollars a year, over a million of our citizens and each other�*s countries working at a other companies, the largest investors in each other�*s countries and the traders growing up something like 20% last year. figs traders growing up something like 20% last

our us business correspondent michelle fleury has been at the federal reserve in washington and sents this. since my 2022, interest rates and america have gone up 5%, —— much. that is an enormous amount in a short amount of time. since then, policymakers here all agreed given its historical rate hiking campaign hours the time to take a break and give the time to adjust to its actions that have pushed up the cost of borrowing for things like mortgages, business loans, and credit cards. the decision left the fed's benchmark at between 5% and 525%. for companies and consumers alike the pain may not be over. as fed chair jerome powell meekly during his press conference, with us inflation running above the bank's 2% target its job is not yet done. i bank's 2% target its “ob is not et done. ~ . , bank's 296 target its “ob is not yet amt yet done. i think, as anyone can see. _ yet done. i think, as anyone can see. not _ yet done. i think, as anyone can see, not a _ yet done. i think, as anyone can see, not a single - yet done. i think, as anyone j can see, not a single person yet done. i th

our north america business correspondent, michelle fleury, is in new york for us.t has been. yes. as you can see, the sky is not orange as it was this time yesterday. but it is still very difficult. you should be able to see over my shoulder the statue of liberty. what we have seen over pretty much a lot of the east coast of the us right now is this kind of heavy air quality, the result of wildfires in canada. it's affecting more than 75 million americans and it is causing considerable disruption as people try and go around their daily lives but also for employers and businesses and retailers and restaurants and for those at the airports where we have seen more delays today because of poor visibility. haifa seen more delays today because of poor visibility-— poor visibility. how long will this last? those _ poor visibility. how long will this last? those wildfires _ poor visibility. how long will this last? those wildfires are - poor visibility. how long will this last? those wildfires are still- last? those wildfires are still burning in canada but is this thing g

our north america business correspondent michelle fleury is in new york for us.t the mass gone? you do get a slight _ it feel without the mass gone? gm. do get a slight singing sensation in your eye and you can smell it but nowhere near the levels we were seeing yesterday early afternoon. that's when we saw the peak of that orange haze. in the distance you should be able to see the statue of liberty over my shoulder and it is still hazy enough that it's probably hard to make out but it is there. i think that's where we are at right now. it has improved but it remains hazardous. people are talking about the index and its above 150 and that is considered hazardous. yesterday we saw the mayor of new york saying it had reached a level of 484, the highest since the 60s. there were these warnings that people should stay indoors and avoid being outside. it stay indoors and avoid being outside. , , �* ., outside. it is very blade runner. i read somewhere _ outside. it is very blade runner. i read somewhere that _ outside. it is very blade runner. i read somewhere that jo

live now to new york and our north america business correspondent, michelle fleury. the decision to — what's the thinking here? the decision to do _ what's the thinking here? tie: decision to do nothing was unanimous. the reason is if you go back to the start of march 2022, ever since then the macro to policymakers behind me have basically increased raise their key inch mark rate, and enormous amount inch mark rate, and enormous amount in a short period of time. so they decide that this was an inappropriate ornament to curb inflation, to take a break and look at the impact of the actions on the economy. it has pushed a borrowing cost everything from mortgages to business loans to credit cards. all that has gone up so they want to sort of take a moment and see how it is working and how the job is going. that said, the pain for consumers and businesses is likely not over. with that laster had a a0 year high. always a difficult balancing act. by keeping those prices under control but also not trying to dampen the economy too much. how much optimism is they're looking ah