u. s. dollar weakening. i'm and d v u. s. central bank approved it's biggest interest rate hike and 3 decades in attempt to rein in searching price inflation. with around the clock across the world, this is r t from the team and myself, you know me. hello and welcome to the program. at least 7 civilians have been killed in ukrainian rocket attacks over the past 24 hours in the loop. ganske republic is according to local officials. most of the casualties were in this the 2nd off. while the city of dun yes has also suffered another day of shelling reports a must have explosions, were heard thrive theory on thursday and elsewhere in the done yet republic, 14 residential areas are reported to have come under fire, leaving one mom dead on another wounded dpr officials say the shelling was conducted with the use of multiple launch rockets systems and yet has been enduring, continuous shelling by key forces among the targets earlier in the week. a maternity hospital and in key of french liter money will mccrory house call for a peace talks

u. s. central bank announces its largest interest rate hike and nearly 30 years after consumer prices reached a 40 year high in the u. s. will get more from our market expert. also on the show, thrushes gas prom blames repair delays for lower gas deliveries to germany. but berlin isn't buying it. we ask an energy expert, what the impact will be, and work less produce more can be done. british companies test drive a 4 day work week. i'm christy platt. this is d w. a business. the u. s. federal reserve has approved its largest single interest rate hike in almost 30 years. it's a signal that the central bank is serious about raining in the countries stubbornly high inflation. the 3 quarters of a percentage point increases the fed's largest since 199094 and higher than the half point hike into that. in recent weeks, economists, investors and investors began anticipating a more aggressive response after the latest data showed us, consumer prices grew at their highest pace in 40 years and may with costs

u. s. dollar. we can a d b u. s. central bank approved it's biggest interest rate hike and 3 decades in attempt to rein in searching price inflation.

u. s. dollar. we can indeed all the u. s. central bank approves its biggest interest rate hike in 3 decades into the.

u. s. central bank will be raising interest rates higher and more quickly than expected and not the worry is could push the u. s. economy into recession. a british judge has thrown out attempts to hold the deportation of refugees and migrants to rwanda, but more legal challenges are planned for 1st flight is shuttled to take off on tuesday. laura burton, mandy reports now. oh, a chorus of anger from protesters outside london's court. the heel as a judge gave the green lights to the 1st flight of refugees, migrants, true, wonder writes, good. say it includes people who had escaped war in afghanistan and syria and being flown more than 6000 kilometers away. will traumatize them further. they suffered incredibly, they see how many members killed, they've, they've had torture themselves and they are tired. but at the end of that heather, they're finding detention incredibly sharma, ty thing and thought of a fair. the deportation half way across the rate is absolutely terrifying for them . you k prime m

u. s. central bank has raised its key interest rate lock in the biggest one time increase in decades. the federal reserve raise the rates by 3 quarters of a percentage points pushing its benchmark rates. a range of 1.5 percent to 1.75 percent. the height which will affect consumer and business loans is the 3rd since march. and the biggest in the last 3 decades, professor economics jack rasmus questions, the hikes effectiveness on suggest that the worst is yet to come feel they've um, almost lost control of inflation and the markets and investors have been pushing the fed and the government to get more aggressive to raise rates. and that's what's really behind all this. but you know, it's interesting. i listen to jerome this morning, you know, and the chair, the chair and he indicated that, wow, this is really about doing something about demand driven inflation. and you ask, is the fed really can't do anything about supply? well, the problem is supply i'd problem is the commodities inflation that's going on now managed to do or to war in the sanctions. also has to do with supply chains

u. s. central bank analysis, its largest interest rate hike in nearly 3 decades. policy makers are struggling to get storing consumer prices under control and avoid recession. ah, hello everyone, i'm layla iraq. thank you very much for joining us. russian forces are advancing in their assaults on the key ukrainian city of samaritan. ask. a regional governor says ukraine is outmanned and outgunned for weeks very dynette scanned the surrounding area. have been the focus of russia's efforts to capture the entire dom bass region. the fierce fighting is taking a heavy toll on civilians. in the distance, the sound of russian shelling for the people in missy chance the twin city of seattle john. yet the chance to escape is getting smaller and smaller ukrainian police officers drive from house to house to find those who want to leave . but for many here it feels like they're giving up that town. you should be able to show that your partner, we weren't sure until it became unbearable. then i got sick long. she has an endless list of illnesses and i'm also sick to put away.

u. s. central bank isn't to lose it when it comes to raising interest rates at the moment. oh, actually not. in fact to give you an example of, of the e. c. b in europe is an example where they did not act fast enough of madame the guards press conference and said that we're going to be raising rates, but we're not going to do it until our next meeting. and what happened. the euro started to appreciate the interest rates in italy and greece started to, to blow out. and people started losing belief that the c v will contain inflation in europe, which by the way, is much worse than it is united states. so i think church or paul has done exactly the right thing by emphasizing to the rest of the world and to us investors and financial markets and us citizens. the man in the street, we are serious about containing inflation. we're going to do whatever it takes. ok, william the chief economist of american institute. thanks for your insights here today. that's rather me or the us house committee investigation, a capital riots is released a video of a tool that by republican congre

u. s. central bank drives of interest rates were dr. dollar, which drives down these foreign currencies, which raise their import prices even more. so it's like a perfect storm coming together here that's going to continue driving chronic inflation for a while. a perfect storm and aiden as certainly not good for household is across the u. s. and he said, perhaps the rest of the world, do you think at the moment that the white house of which is blaming russia for the crisis? it is a justified move? well, in our, you flip it around, a is russia to blame or sanctions? the blame is the war to blame is the fact that they can't or won't allow any, a grain shipped out of the black sea to blame in our, on the passenger side of the coin you're looking at when you want to lay blame. but it's, it's more than just the sanctions and so forth. sanctions are certainly a part of it and the war is certainly part of a certain commodities. but the problem is the supply chains and the problem is the lack of real solut

u. s. central bank is raised its key interest rates marking the biggest one time increase in decades. the federal reserve raise the rates by 3 quarters of a percentage points pushing its benchmark rate. a range of 1.5 percent to 1.74 percent. the height which will affect the consumer and business loans is the 3rd since march. and the biggest in the last 3 decades separately the u. s. has extended a waiver to allow certain energy related transactions with russian commits to take place until december, the 5th. that's the same day that you intends to start enforcing and embargo against to see born in ports of russian oil or seas. rachel blevins looks at whether the west initial approach to moscow is paid off. now when it comes to the numerous things shows that the u. s has imposed against russia, there appear to be more questions than answers starts to feel the impact of their own measures. just month after washington announced unprecedented sanctions against moscow. well, the media is now admitted that the binding ministration is concern about the effect . those measures are having at h

u. s. cetera. central and eastern 3rd of the u. s . seeing some very high temperatures at the moment, and that's gonna continue to go on through the next couple days. a cold front, the blue line on our chart here will slide its way up across the northern plays a warm front running down toward sand, new york. there, that's the warm sector and that's where we got that rule. searing heat, some very high temperatures. 36 celsius. therefore, chicago toronto around 30 degrees celsius, 37. therefore kansas city fresh weather up towards the northwest. let. how shall we say that will sink further south and east with, as we go on through the next couple of days that he really becoming concentrated across a deep south into that southeastern corner. so in that cold front, some live the showers long, the spouse of rain, and they'll run across the lakes into new england into east in canada, where it really does gather as we go on through thursday or cheap api, hide some showers there into central parts. the us down towards the south west the the mon

u. s central bank misjudged the risk of high inflation. lawmakers interest hikes intended to control inflation. could lift unemployment numbers . we have a labor market that sort of unsustainably hot and we have. we're very far from our inflation. we really need to restore price stability get inflation back down to 2% powell says of inflation slowed, the fed would not be as quick to lower interest rates this time around. at the white house. lucas tomlinson, fox news. this is fox news at six big day for bay area firefighters. several fires pop up this afternoon from the ground in the air. it's been an aggressive firefight. as firefighters worked to save homes and progress is being made . good evening. once again, everyone i'm mike mibach heather holmes. we have team coverage tonight as crews are making inroads on several fires , and we want to start by giving you an overview fire near pleasant and ridge west of 6 80. it started about 1 45 this afternoon. it is being hit by firefighters from the ground and the air and has burned about 65 acr

u. s. border. many off from venezuela, central america, and the caribbean. the u. s. house committee has heard harrowing testimony from 11 year old survivor of last month's school shooting in texas. 19 children and 2 teachers were killed during the masika in your val day. he shot brain knows them to me, and i thought you didn't come back to route for blood. i mean, what did you, can you put the lawyers? they finally got the teachers coming on. i hope i will need help and and in the hours of that testimony, the house of representatives voted in favor of restricting the purchase of semi automatic weapons. 2 people aged 21 and over. they also once a band, the sale of some ammunition magazines where the measures have no hope of becoming law as they won't overcome opposition in the senate. ukraine says russia is demanding unreasonable conditions to allow grain exports. turkey has hosted the russian foreign minister for talks on receiving shipments of grain truck ukrainian ports. ukraine is one of the world's biggest exporters, said he never says russia is happy for ships t

u. s cetera. central and eastern 3rd of the u. s . seeing some very high temperatures at the moment. and so that's gonna continue to go on through the next couple days, a cold front, the blue line on our chart here will slide its way up across the northern plays a warm front running down toward sand, new york. there. that's the warm sector and that's where we got that rule. searing heat, some very high temperatures. 36 celsius. therefore, chicago toronto around 30 degrees celsius, 37. therefore kansas city fresh weather up towards the north west. let. how shall we say that will sink further south which and east was as we go on through the next couple of days that he really becoming concentrated across a deep south into that southeastern corner so well not cold fronts. him lie, the showers long, the spouse of rain, and they'll run across the lakes into new england, into east and canada where it really does gather as we go on through thursday or cheap api hide some showers there into central posse, us down towards the south, west the the monsoon range here use wet wet. come again. what

and it will gradually push up towards bermuda, making way for some storms to across central parts of the u. s. cross a central place, these 2 systems, grassy, make their way further east was as that one pulls away. this next one runs across the plains around the higher valley, pushing down little further south with so some live a storms coming in across this particular part of the west eating up into ontario to that eastern side of canada. possible, as if localized flooding here violent winds, and we could see the alternate. i mixed in another system. following on behind, i would towards the west, it stays warm and dry for the most part. similar pitcher as we go on into choose, they'd, lassie settle. at least for the time big and i shower say we're grassy, make the way across the plains. see where to whether they're eating towards eastern seaboard, but for the time being stays hot and dry. new york 26 and dc getting into the thirty's once again. now the trial and about system of alex that will continue to feed wet weather across a good part of cuba east. not as a sherry. ah frank assessments,

u. s. many from venezuela central america on the country. now on thursday, a u. s. congressional committee will begin public hearings into the capitol hill attack and january last year, supporters of then president donald trump stormed the building. encouraged by his false claims that the election he lost was stolen on as your castro report, ah, a congressional panel led by democrats has been investigating the january 6th right now after conducting nearly a 1000 interviews and collecting 250 terabytes of data. the panel will finally begin to reveal its findings to the public. trop, was prepared to seize the presidency and likely to invoke the insurrection act and declare martial law. so we're going to tell the whole story of everything that happens. thursday will be the 1st of several public hearing. will featured my witnesses and previously unseen videos from january 6. i think people would want to see some new information and particularly new striking information about tom's at all. mat, videotape depositions of trumps. daughter and son in law may be shown at th

u. s. has been central america's top trading partner, but it's not facing a new challenge from china. we spoke with a coordinator for the cuba and venice will a solidarity committee who sees the area is now actively demonstrating more opposition to us dominance. there. i believe is more than just cuba, venezuela, and you can either posing problems for us had germany, even though a good number of the nations of latin america attended the summit of exclusion of bivens. they still announce and declared in this summit, they were not happy with what was taken place, and it's a warning. it's a warning from argentina, from other leaders who said, you cannot continue this. the fact that the u. s. was hosting the summit of the americas, did not give it the right to decide who belong mexico, with lopez is saying, now we speak as a latin american nation as a latin american nation on behalf of all of latin america and the caribbean. and why love is over, as the most significant figure refused to attend the summit of the americas. that will probably have some repercussion. but i think what's happe

u. s. is absolutely central to percent. as you know, us presidents going back decades, you have been pushing for what's called burden sharing and not getting it until this war began. and now we have seen this massive turn around, even by a country like germany that has never fulfilled that goal to say it will do so in future. finally, to turkey, you asked, we're told that there was some arm twisting. turkey has not been part of the us fighter jet program for some time now. apparently with suggested that that freeze out would continue unless turkey came around on finland and sweden and indeed that has occurred. now let's go back to terry that in madrid. we were talking about the u. s. at the significance of the u. s. input here in this decision. but just remind us how important is the, was militarily a for nato, and will the you wish to carry the biggest burden in this expansion of capabilities? well, the usaa shoulders most of the burden it gets funds 70 percent of, of nato's budget. at the moment, and this is something tha

atlantic, and it will gradually push up towards bermuda, making way for some storms to across central parts of the u. s. cross, a central place. these 2 systems gradually make their way further east was as that one pulls away. this next one runs across the plains around the higher valley, pushing down little further south with so some live storms coming in. across this particular part of the west easing up into ontario to that eastern side of canada. possible as if a localized flooding here, violent winds. and we could see the or tornado mixed in another system. following on behind, over towards the west, it stays warm and dry. for the most part, similar picture as we go on into tuesday law, she settle at least for the time big. and those showers say we're grassy, make the way across the plains. see whether whether they're easing towards eastern seaboard, but for the time being it stays hot and dry. new york at 26 and dc getting into the thirty's once again. now the trial and of our system of alex that will continue to feed wet weather across a good part of cuba east. not as a sherry. ah, the on the st

u. s. for example, the central bank estimates that with every $10.00 rise per barrel inflation increases by north point 2 percentage points. the effect is inevitably felt the most petrol pumps. passenger vehicles account for a quarter of the oil used worldwide. and higher oil prices directly hit the pockets of consumers and businesses. all is also used in jet fuel freight and the chemical industry in asia demand for oil is actually rising. especially in industries like shipping evasion, freight and petra chemicals which haven't made much progress in switching to turn to fuels. when oil prices fall, it can help economies recover. think of it like a global tax cut, helps airlines, collier's supermarkets and other businesses benefit from lower transport costs for white house correspondent can be how kit joins as live with. kimberly, what's been the u. s. response to effects announcement at the white house press secretary, karen jean pierre, responded in a statement saying that the united states is welcoming the increased output of some 200000 barrels over the next to 8 weeks. and in fact, is g

u. s. many from venezuela central america, and eastern ukrainian city of sabera donnette skus, now mostly under the control of russian forces after weeks of fighting. but the governor abena, hans christian says the cities industrial zone is still held by ukrainian troops. said yeah, guy day says battles continue on the streets and accused russian forces of destroying many buildings. satellite imagery from maxwell technologies shows significant damage, and so there are done yet and a neighboring city. even though the niche, kiev added on and has remained the epicenter of fighting the bars at the end of the $100.00 and 5th day of the log scale war, we are defending our position and inflicting of the picnic and losses on the enemy . the 1st is very dread told and difficult to fight perhaps, nor is one of the most difficult battle during these will. i am thankful to each and every one who is defending in this direction. to a great extent, the fate of the bus is being decided there would now mean all the crane says russia is demanding unreasonable conditions to allow grain exports. turkey has hosted

u. s. for example, the central bank estimates that with every $10.00 rise per barrel inflation increases by north point 2 percentage points. effect is inevitably felt the most petrol pump. passenger vehicles account for a quarter of the oil used worldwide. and higher oil prices directly hit the pockets of consumers and businesses. oil is also used in jet fuel freight and the chemicals industry. and asia demand for oil is actually rising, especially in industries like shipping a v ation freight and petra chemicals which haven't made much progress in switching to alternative fuels. when oil prices fall, it can help economies recover. think of it like a global tax cut helps airlines whole is supermarkets and other businesses benefit from lower transport costs. dominic cane has more from belin, what's been agreed is effectively to accelerate what had been planned for the month of september, and to divide it extra as it were into july and august. so that you have this boost in production which has been agreed which will take place in july and august . the interesting thing is that going into thi

u . s. is going into recession, particularly because the central bank is hiking so aggressively. i actually don't think we need to worry about that in the next 12 months. mainly because of the health of the u. s. consumer and the consumer drives about 70 percent of growth in the u. s. households have massive cash balances. so to businesses, for that matter, there are 11 and a half unfilled jobs in the u. s, so i can't see the labor market really deteriorating massively. any time too soon, that being said, you know, the next 12 months, i think we'll continue to slow the 12 months after that. or when i think we need to worry about a recession as rates go up even higher, making the i m f has also said that the world economy still has a buffer against recession. is that what you referring to full employment? people saving, still intact and so on. that's right. so there is a huge cash buffer, particularly across the u. s. economy, given how big the stimulus measures were, the government pushed out 2 and a half trillion dollars into household bank accounts. and so the bottom core tile b

u k. ah, the cost of living keep sliding higher and now central banks have sprung into action. the u. s. federal reserve, the bank of england and swiss national bank all increase their key interest rates and the european central bank has indicated it will move in a similar direction in july targeting inflation as the central banks main goal. and it helps to maintain price stability, but it's not been working. we've seen protests around the world over the higher cost of food and services in the past week. a little inflation can be a good thing if everyone salary rises at the same pace as prices. but they haven't been so let's look at why inflation has been going up around the world. recently. they're all prices which have slumped at the start of the pandemic. but demand has rocketed since the war and ukraine has effected this to be crude had an 8 year high . and of course, petrol is more expensive. the cost of everyday items has risen since 2020. many people had more disposable income to spend on household goods during locked downs. firms of struggle to keep up with demands. and let's not

u. s. so then use that as a springboard to, to penetrate into central asia, also knowing in into china, so of, so the u. s. has always had the gold, you know, either it's either on the surface searched, working just below of destroying russia, of, of eliminating it as a global power, reducing it to a minor satcher pi. and, and that's what we're seeing now. i mean, russia doesn't. russia doesn't trust the west for a good reason, because the roof west is out to, to cut russia down. garland, the same thing to you because i thought this is all about democracy. ok. i said, i always hear, you know, we have to make these countries democratic whole by the way as we speak right now you crane is a military hunter. and if the during this week, the last major opposition party was banned and now there's one television station. but they keep talking about democracy, garland go ahead in washington. well, and that's pretty much absurd in that the united states over through the government of ukraine and install the puppy government. and so how could you both overthrow and control the country and argue that

and we could see that rain edge across central areas moving their way to central areas of the u. s. by the time we get into sunday. now if we take a closer look at that southeast corner, now this system is from the remnants of hurricane agather strengthening once again, and could become a tropical storm pulling across florida. we have got warnings out, not just here, but also for the likes of cuba. and the bahamas, as this system works, its way ne, bringing very heavy rain here. by the time we get in to sunday, the bahamas will get a drenching from that system. now, behind it, it is looking a little dryer for southern parts of mexico, which is the few showers across the yucatan peninsula. ah, oh, i know. ah, wherever you go in the world, one airline goes to make it for you. exceptional cat. all right, ways going places to go. ah ah, you're watching al jazeera, a reminder of our top stories. this our, the chairman of the african union says, russian president putin has promised to ease grant exports from russian controlled ukrainian ports. mackey sal says african countries are facing

u. s. supreme court has rule that the central gun laws in new york state to violate this 2nd amendment right to bear arms must be relaxed. kristin salumi has more from new york arrest for gun crimes in new york or at a 28 year high, a racially motivated shooting in the city of buffalo. recently left 10 people dead . and now gun control activists say the violence is only going to get worse. the supreme court has ruled new york's law requiring anyone who wants to carry a concealed handgun show what's known as proper cause is unconstitutional. justice clarence thomas wrote the 63 page decision. he says, the constitution protects an individual's right to carry a handgun for self defense. outside the home. the decision was based on a case brought by the new york state rifle and pistol association. criminals are the ones that are causing the crimes in the cities, not, not legal, gun owners, not lawful people, because it's a decision. new york elected officials were bracing for and they didn't hold back their criticism at the court's decision. this decision isn't just reckless. it's reprehensible,

u. s. for example, the central bank estimates that with every $10.00 rise per barrel inflation increases by no point 2 percentage points. the factors inevitably felt most petrol pumps, passenger vehicles account for a quarter of the oil used worldwide. and higher oil prices directly hit the pockets of consumers and businesses. one is also used in jet few freight and the chemicals industry in asia demand for oil is actually rising. especially in industries like shipping a v, a sion freight and petra chemicals travel made much progress and switching to alternative fuels. when oil prices fall, it can help economies recover. thanks for like a global tax cut helps airlines whole is supermarkets and other businesses benefit from lower transport costs. for koby, commonly as a senior analyst at energy intelligence, he joins us live now from washington. d. c. thanks very much for being with us. how much difference do you think it'll make to supply to have this decision? the why? well, thank you for having me. the 1st thing that i, i think it's very important to understand about the decision that ope

and we could see that rain edge across sensual areas moving their way to central areas of the u. s. by the time we get into sunday. now if we take a closer look at that southeast corner, now this system is from the remnants of hurricane agather strengthening once again, and could become a tropical storm pulling across florida. we have got warnings out, not just here, but also for the likes of cuba. and the bahamas, as this system works, its way ne, bringing very heavy rain here. by the time we get into sunday, the bahamas will get a drenching from that system. now behind it, it is looking a little dryer for southern parts of mexico, with just a few showers across the yucatan peninsula. ah, i from mother to daughter, an ancient croft kept alive by a bustling matriarchy. news from start to finish. all traditions intertwined with new designs, making this family's place unique and to new z as rich tapestry. the threat on a da 0 ah ah. hello again. this is al jazeera. let's remind you of the main news. the south ukraine's president followed him as landscape as marked $100.00 days since w

u. s. should respond to the appeals of the secretary general human rights acts. humanitarian agencies and other policies by unconditionally returning africa overseas assets as soon as possible. so $7000000000.00 in off gone the central bank assets were frozen by the u. s. does. after the taliban took control of the country last august. in february this year, the u. s president signed an order to release those assets. however, the money is yet to be dispersed on when it says it's supposed to be divided between monitoring groups in afghanistan and the fund for $911.00 victims former off gun president. how may i because i, it has demanded that the u. s. returns all the money back to the african people. i've gone journalist below, so worry, says the u. s. does not have the right to take money away from the african people. the united states can simply not rob the african people at the civil $1000000000.00 and say we're giving it to the victims of the $911.00 victims. you know, i mean it's also important that people like myself, lost all of my savings money that i had trusted banks with. so it is incredibly important to clarify that the people put the money, the money belongs to people who understand to businesses. you kn