u. s. federal reserve raising interest rates yet again. but will it be enough to stop the fastest inflation in decades? i'll speak to a next, but also coming up. what's europe's loss could be asia gain? india and russia team up to bush trade between the 2 nations, the aim, replacing europe as russia's key trading partner and heat waves sweeps parts of china. some companies are looking to cash in the business. stay cool. at that time again, the w business welcome. it's the most aggressive monetary tightening since 1981, the u. s. federal reserve raising interest rates by 75 basis points. and it's the 4th rate hike this year. the u. s. central bank is battling to tamp down on raging inflation, which is running at its fastest for 40 years european markets reacting to the news today, leaping in the morning to the highest level in 7 weeks. that's after the chairman of the fed predicted future rates rises, would be less aggressive than previously thought is what he had to say. we do see that there are 2 sided risks. there would be the risk of do

u. s. federal reserve raising interest rates by $75.00 basis points, and it's the 4th rate hike this year. the u. s. central bank is battling to tamp down on raging inflation, which is running at its fastest for 40 years european markets reacting to the news today, leaping in the morning to the highest level in 7 weeks. that's after the chairman of the fed predicted future rates rises, would be less aggressive than previously thought is what he had to say. we, we do see that there are 2 sided risks. there would be the risk of doing too much and, and, you know, imposing more of a downturn on the economy than, than was necessary. but the risk, the risk of doing too little and leaving the economy with this entrenched inflation, it only raises the cost. if you fail to deal with it. in the near term, it only raises the cost of dealing with it later. or who better to break this down force than your kramer chief economist comments bank. thank you very much for joining us young. and 1st of all, your reacti

u. s. federal jury that convicted him of contempt of congress. the campaign strategist was found guilty on 2 counts of criminal contempt for defying subpoenas from the committee investigating last year's ryah's at the u. s. capital. thank you . i want to thank sort by thinking the jury respect their decision today. steve bannon was defiant in his remarks to reporters following his conviction in u. s. federal court immediately indicating he plans to appeal the rulings. we may have lost the battle here today. we're killers as war. this employee hold the u. s . committee investigating the january 6th insurrection at the u. s. capital asked bannon to provide documents and testify in person about efforts to overturn the 2020 election. bannon ignored both subpoenas, so the case was referred to the justice department and however, the committee did obtain leaked audio of bannon discussing the president strategy to declare victory no matter what an erudite at a public hearing this week. let's listen and with a victory in it, that was neither with the democ

u. s. capital. thank you. i want to say so by thinking the jury were respect their decision, ada. steve bannon was defiant in his remarks to reporters following his conviction in u. s. federal court immediately indicating he plans to appeal the rulings we may have lost the battle here to day warnock oler's us war. this employee told the u. s. committee investigating the january 6th insurrection at the u. s. capital asked abandoned to provide documents and testify in person about efforts to overturn the 2020 election. bannon ignored both subpoenas, so the case was referred to the justice department. and however, the committee did obtain leaked audio of bannon discussing the president strategy to declare victory no matter what an erudite at a public hearing this week. let's listen in with a victory. it was a need for with the democratic more of our people early that town, their vote in may. and so they're going to have a natural disadvantage in front. they get better friends with warner. so when you wake up wednesday morning is going to be far. and of course, 4 days later president trump declared victory when his own campaign advisers told him he had absolutely no basis to do

u. s. federal reserve raises rates yet again by 3 quarters of a percentage point this time. it's the 2nd significant rate hike in as many months as the fed steps up. it's battle against inflation. also on to show love tons of workers go on strike throughout germany. the airline has counseled almost all flights in to and out of the country will pay go up, or will the planes stay down and more on labor? i mean, amazon workers in the us are pushing for unionization, but it's a difficult journey, or us correspondent has this story. this is the w business. i'm janelle dumas on while gun. the u. s. federal reserve has raised its benchmark interest rate by 3 quarters of a percentage point. it's the 4th rate hike the sir as the fed fights to rain and reject inflation in the country. here's what fed chief to rome. powell had to say. we do see that there are 2 sided risks. there would be the risk of doing too much and, and you know, imposing more of a downturn on the economy than, than was necessary. but the risk, the risk of doing too little and leaving the economy with this entrench

u . s. federal reserve raising interest rates by $75.00 basis points and is the 4th rate hike this year. the u. s. central bank is battling to tamp down on raging inflation, which is running at its fastest for 40 years european markets reacting to the news today, leaping in the morning to the highest level in 7 weeks. that's after the chairman of the fed predicted future rates rises, would be less aggressive than previously thought is what he had to say. but we do see that there are 2 sided risks. there would be the risk of doing too much and, and, you know, imposing more of a downturn on the economy than, than was necessary. but the risk, the risk of doing too little and leaving the economy with this entrenched inflation, it only raises the cost if you fail to deal with it. in the near term, it only raises the cost.

u. s. federal reserve raising interest rates yet again. but will it be enough to stop the fastest inflation in decades will speak to an expert also coming up? what's europe's loss could be asia's gain? india and russia team up to boost trade between the 2 nations. the aim, replacing europe as russia's key trading partner. and heat waves sweeps parts of china. some companies are looking to cash in the business to stay cool. at that time again, the w business welcome. it's the most aggressive monetary tightening since 1981 the u. s. federal reserve raising interest rates by $75.00 basis points, and it's the 4th rate hike this year. the u. s. central bank is battling to tamp down on raging inflation, which is running at its fastest for 40 years. european markets reacting to the news to day, leaping in the morning to the highest level in 7 weeks. that's after the chairman of the fed predicted future rates rises would be less aggressive than previously thought. he is what he had to say. we do see that t

u. s. federal reserve announces a huge interest rate hike to tackle rising inflation. mid fears of a recession. the u. s. says it's ready to make a substantial offer to secure the release that brittany granite and whole whelan were both detained in russia. one yes, and his appointment for is president fights for his political survival as he faces allegations of corruption. ah, ah, well, hundreds of people broken to a rugs parliament to protest against the nomination of a new prime minister that their supporters of influential shia cleric looked out. al sutter, who does not want to mohammed al sudanese to be the country's next leader. there's been a political deadlock in iraq ever since. on october his election last month, supporters decided resigned visits and parliament m dot al sutter's tweeted about the protest describing it as a revolution of reform and rejection of corruption. he said the message has been delivered. you have terrified the corrupt in power protest as in baghdad. first stormed r

u. s. but since then, the u. s. federal reserve has increased them 3 times and an efforts to fight record inflation as well. the 1st was in march, which came just after russia's invasion of ukraine, but the c, b, me more captured 0 percent. borrowing a negative interest rate on bank deposits. the federal reserve then made a further 2 hikes in may and june, to not point them 5 and 1.5 percent, while the c b once again, catch it all on hold. so 2 very different approaches from the central bank. let's cross to our financial correspondent in frankfurt. asher tosh, pandey, and talk a little bit more about this ashed of say, how much pressure has e c. b been under 2 increased rapes? well, tremendous. a tremendous pressure. and i, i can bet your rod that he wouldn't want to be increasing regard shoes at this point in time. i got to understand, and you mentioned that, that most of the central banks are the peers of easy be, have already raise the rates. and if sir they raised at 3 or 4 times on an average, including the federal res

u. s. but since then, the u. s. federal reserve has increased them 3 times in an effort to fight record inflation there. the 1st came in march, just after russia invaded ukraine, than the federal reserve made a further to hikes in may and june to point 75 percent. then to 1.5 percent, well, easy be rates just stay the same. that was until now with this height of 50 basis points or half a percentage point. now for more on this, let's hear from our financial correspondent in frankfurt, ashatash pan day. i asked him, how much pressure the e c b was under to hike rates were tremendous sir. tremendous pressure, and i again bet you know that he wouldn't want to be increasing luggage shoes at this point in time. i got to understand, and you mentioned that most of the central banks are the beers of the easy be, have already raise the rates. and if sir there is a 3 or 4 times on an average, including the federal reserve, which went ahead with a $75.00 basis point a mammoth height i just last month. and it might just do again a 75 ba

u. s. federal department of energy found that transporting passengers via hyper loop can save up to 20 percent of the energy consumed in air travel, or by personal vehicles. some experts claim hyper loops would save even more. many companies around the world are working on their own models. and initially, hyper loop technology was developed by space saxon ellen mosque. in 2015 must decided to open source all the research done at space x and let student groups around the world compete and developing the concept even further. while the sat in his classmates participated in the contest in one best design, which is now being built at this, the layer rose facilities so that the little boy is of who went through this job here is 12 made as long as the hype. we use it to try a different hyperlink models in low pressure, and as soon as we can obtain different pressure levels with an electric comp with and then we also have solar panels on top. and over here with these panels, we generate the energy that's

u. s. but since then, the u. s. federal reserve has increased them 3 times in an effort to fight record inflation. that 1st came in march, just after russia invaded ukraine. then the federal reserve made a further to heights in may and june to point 75 percent. then to.

u. s. federal reserve and strengthened euro against the dollar. the key aim is to bring down record inflation in your resume. however, the rise has been met with concern in parts of europe with higher levels of debt among them. italy, where news came on the same day as its prime minister, mario druggie announced his resignation. well, let's discuss this further with kramer. his chief economist at comments bank enjoys us frankfort. good. have you on the program? good that you can hear us. this rate's rise is always going to have a different impact on some of the 19 members of yours and that is on others. isn't it? well, on the other end you have to see yes, yes, it be delivered yesterday at 50 basis points rated, but the deposit rate of the c b, it's still at 0 percent. therefore, monetary policy is still very, very expansionary. therefore, i think it's far too early to say that this may be a problem for, for any country, this should not be a problem for any country and interest rate of 0 percent. but does it set a precedent that could see further

u. s. federal reserve and strengthened euro against the dollar. the key aim is to bring down record inflation in your resume. however, the rise has been met with concern in parts of europe with higher levels of debt among them. italy, when news came on the same day as its prime minister, mario druggie announced his resignation. well, let's discuss this further with kramer. his chief economist at comments bank enjoys us for frankfort. doing good. have you on the program? good that you can hear us. this rates rise is always going to have a different impact.

u. s federal reserve and strengthened euro against the dollar. the key aim is to bring down record inflation in the euro zone. however, the rise has been met with concern in parts of europe with higher levels of debt among them. italy where news came on the same day as its prime minister, mario druggie announced his resignation. well, let's discuss this further with yolk kramer. his chief economist.

u. s. federal reserve is increasing its key interest rate by 3 quarters of a point to 2.5 percent. the increase is part of an aggressive drive to control soaring inflation. but francis has reaffirmed an apology to canada's indigenous people in a meeting with communities and the province of quebec. the head of the roman catholic church has asked for forgiveness for decades of abuse. carried out a church run residential schools. these condemned policies of forced assimilation carried out of the institutions. gun battles have erupted in the haitian capital between water believe to be armed gangs. the street fights on wednesday are thought to be a battle over the territory. in the center of portal, france has been a spiky gang violence as president, juvenile, noisy, was assassinated last year. one of the u. k. is most respected, independent scientists, and the creator of the so called gaia hypothesis has died on his 103rd birthday. james love, luke was known for his theory that the earth is a single se

u. s. makes a substantial offer to russia to secure the release of basketball that brittany greiner and former us marine port wheeler, the u. s. federal reserve hikes interest rates again to curb inflation. but fears of recession remain born 300 dead and hundreds of kilometer roads washed away by heavy flooding in pakistan. ah, hundreds of people stormed iraq's parliament on wednesday to protest against nomination of a new prime minister. they were supporters of the influential shia cleric, mach todd asada. he says he does not want mohammed as to donny to be the next prime minister. laura burton manley has more. oh, a show of descent in the heart of police, good decision making in baghdad. ah, protesters taking over the speakers plan an m p 's benches. the support is that the influential shia cleric booked out of santa. he says he does not want mohammed of the dunny to be the next prime minister. and his supporters and mikey, attempting tooth this over the phone, is brenda supporters from other provinces, the storm, the green zone, the ottoman church in good numbers. it seems to me that there is no escalating this protesting movement,

u. s. federal reserve decided to increase its key interest rate for the 4th time this year. as part of an aggressive plan to curb inflation, leyden is urging congress to pass the inflation reduction act. he says it will lower inflation by reducing health care costs, investing in renewable energy and taxing the rich. this bill requires the largest corporations to begin to begin to pay toward their fair share and taxes my put in place a 15 percent corporate minimum tax. now i know you've never heard me say this before or come as a shock to you, but 55 of the fortune 500 companies paid no federal income tax in 2020. and i only heard me say that about 10000 times. but the fact is, they paid no taxes on an income, collective income over $40000000000.00. well, guess what? this bill ends there. ukrainian officials say russia has launched massive missile attacks on the regions of kia and shown here. areas that hadn't been targeted in weeks. he was regional governor says the settlement in the chicago distri

u. s. the u. s. federal reserve has raised its benchmark interest rate by 3 quarters of a point to 2.5 percent as its highest level since 2018 increase as part of an aggressive dr to tame high inflation. why cannot, has the latest for us from washington d. c. the chairman of the federal reserve, jerome paul discussed that very issue, he wouldn't be drawn on whether they were going to be further hike increases this year. he hinted that there may be, but would not state specifically he said, come september when the fed meets again and just then a decision will be taken on the available data at the fed has made very clear that the whole point of this is to drive down the inflation rate, which is now over 9 percent. the fed insists it's got to get inflation down to at least 2 percent. and this is the aim. this is the intention of this interest hike. now, this is the 4th in this year, 2.5 percent is the highest that the interest rate has been since 2018 or some have welcome this. the markets have actually sold in

u. s. federal reserve is increasing its key interest rate by 3 quarters of a point to 2.5 percent may increase as part of an aggressive drive to control. soaring, inflation is really forces of use tear gas against palestinian protesters rallying against the establishment of an illegal settlement. near the village of people, harris and the occupied west bank, demonstrators raised the palestinian flag enchanted slogans near the settlement of bark on those the headlines these continued, he had an order 0 after rebel geeks. we don't simply focus on the politics of the conflict. it's the consequence of war, the human suffering that we report on. it is one of the most serious about the violence in recent years. we brave bullets and bomb because we give voice to those demanding freedom the rule of law and will always include the views from all sides . digital technology of his intimacy, amazement, and even longer. nice with the ability to g, but he has had calculations in our pockets. it seems we discover

u. s. and the eurozone began the year at similar levels. but the u. s. federal reserve raised its key rate 3 times since then. to try and tame stubbornly high inflation or the e. c. b kept it's rate steady unless we're expecting a smaller e. c. b increase from the banks expected to raise rates again in september, the cb president christine the god said the larger the 1st step was made with the risk of inflation in might we expect inflation to remain undesirable the high for some time, owing to continued pressure from energy and food prices and pipeline pressures in the pricing chain. higher inflation pressures are also stemming from the depreciation of the euro exchange rate. but looking further ahead, in the absence of new disruptions, energy cost should stabilize and supply bottlenecks should ease christy thompson from d. w 's business departments can explain what all this means. welcome, christie. we know consumer prices in europe at any d, t around the world going through the roof. will this at rate increase? bring them down. yeah, i mean, as you just said,

u. s. federal reserve tries to attain inflation bank raising the rates again. and it's for one of the respect left football player presentations you will ever see. ah, we cannot say hot, dry and dusty anymore for the middle east for the middle of summer unusual. i know, but look at this, this cloud is already brought some rain to you, a even few spots of rain up in gutter. the average rain focus time here in doha is 0. and the same is true for q 8. she ross gets one little bit, it's a c. any rain at all forecast is time he is quite unusual though. mostly it's just clarity the empty quarter. and oh man sla should catch this persistent drizzle. so this shouldn't happen at all. but throughout 30 friday and saturday that rain all spread out through iran were given, the likelihood of big dampers could produce some flash flooding. and it last into saturday and even cross is possible to queue weight. as i said, the average range for, for july is 0. now our way from is in dublin area. things look about nor will i have to say. and this may be some good news. in fact, th

u. s. federal reserve increased interest rates for the 4th time. this year. will biden's urging congress to pass the inflation reduction acts saying it will low inflation by reducing health care costs and taxing the rich. this bill requires the largest corporations to begin to forget to pay toward their fair share and taxes. i put in place a 15 percent corporate minimum tax. now i know you've never heard me say this before or come as a shock to you, but 55 for the fortune 500 companies paid no federal income tax in 2020. and i only heard me say that about 10000 times. but the fact is, they paid no taxes on an income correct? in income, over $40000000000.00. well, guess what? this bill ends there. ukrainian officials say russia has launched massive missile attacks on the regions of kia from churney have areas that hadn't been targeted in weeks. here was regional governors as a settlement and budget versus gov districts about 20 kilometers from the capitol city center was hit early on thursday. russian troops withdrew from the key of region. months ago, after f

u. s, the federal reserve is increasing its key interest rate by 0.75 percentage points to 2.5 percent. the u. s. central banks been raising the cost of borrowing since march to try to control rising inflation. being reports of multiple missiles strikes and ukrainian capital, keith, air raid sirens, have been how to caused the city and air defenses of believe to have been activated . well, that's good morning with john henry who's in keith forest. what's the latest on this, john? what we've learned from bella vision authorities that 25 rockets have been fired from their soil. many of them, 9 of them landed engineers that is north of key, but others landed in the cave region. and then there were also strikes near harkins into gooey of, and we also have learned that the city of odessa has a fire. we don't know what the cause of that is. so on. what is the 1st statehood day here in ukraine? it has been celebrated with fire. that is, of course, not how the ukrainians planned to celebrate it. those rockets came largely from belarus and hark, it has been struck day after day after day. and if

u. s. federal reserve is increasing its key interest rate by 0.75 percentage points to 2.5 percent. the u. s. central bank has been raising borrowing cost since march to try to rain in rising inflation. u. s. secretary of state's anthony lincoln's as a substantial offer will be made to secure the release of basketball player britney griner. and for me, u. s. marine pool whelan, they're both county detained in russia. he says he'll speak to his russian count upon sag love. rob in the coming days, risen issue that's a top priority for us. release of americans all will greatly brian law attain and must be allowed to come all substantial proposal on the table weeks ago. facilitate the release. our government segregated repeatedly and directly on that proposal. it owns the conversation to follow up personally and i oh gosh, resolution. well, the russian foreign minister sag elaborate was in ethiopia and for the 2nd leg of his tor, on the african continent. lover of his aiming to reassure nations hit hard by the global grain shortage. millions of people across africa have been left without

u. s. federal bureau of investigation has detained a person of interest falling a massive manhunt in highland park town during the us independence day parade. at least 6 people were killed in the incident with dozens more winders. ah, local police spokesperson said 2022 year old roberts e criminal. the 3rd may have been involved in the shooting, which also injured several children. the incident took place despite a large police presence along the parade route. the gunman triggered chaos and panic with official saying he allegedly fired into the crowd with a high powered rifle. bring him on that story as and when we get it. it appears that many us independence day celebrations in the country were muted with many even opting to forego. fireworks is rising, inflation hits customers. my colleague union o'neill discussed the issue with artes . rachel bobbins really does seem like almost a different world when you look at just one year ago. and you know, when it comes to the united states, you have ameri

u. s. federal bureau investigation has detained a suspect falling among hunt mass shooting in highland park town during a u. s. independence they parade. at least 6 people were killed in the incident with dozens more wounded. ah, local police spokesperson said 22 year old roberts. the cream of the 3rd has been arrested in connection with the shooting, which also injured several children. wisdom took place despite a large police presence along the parade route. official said he allegedly fired into the crowd from a rooftop with a high powered rifle. as always, we'll bring you more in the story as and when we have it. there's many us independence day celebrations in the country were muted with many even opting to forego fireworks as rising inflation. it's consumers, my colleague, you know, neo, discussed the issue with our team rachel bobbins. i really does seem like almost a different world when you look at just one year ago and you know, when it comes to the united states, you have americans that a

u. s. federal government said they would release a little more than $50000.00 doses of monkey pox vaccine immediately to various cities throughout the united states. and about $750000.00 doses are expected to be made available by the end of this summer. but many health officials worry it could be too little, too late. we would need to be vaccinating wildly, and we would need to be doing that several weeks back. it's reported to multiple states throughout the last 50000 doses right now. it's not, it's not very much. there is only a short window to stamp it out before it spreads even further. my worry is, if we don't deal with this outbreak here, and now, especially in a city like new york, then we might be seeding a pandemic which is then endemic. and that is the worst case scenario. everyone wants to avoid. gabriel is rondo al jazeera new york. ah, this is out there. these you top stories. russian missile strikes and killed at least 19 people and wounded dozens of others near the ukrainian port cit