Fed keeps interest rates unchanged despite Donald Trump pressure

The retaliatory tit-for-tat rise in tariff rates between the US and China has been cancelled, following talks in Switzerland and the so-called "reciprocal" tariff rate of 34% is lowered to 10%. It's a ceasefire on what has become a global trade war as markets are rising again, and container ships can set sail across the Pacific.But economically, who benefits more from this short-term ceasefire—Washington or Beijing?Britain's Prime Minister, Sir Keir Starmer has promised the government's new immigration measures will mean net migration falls "significantly" over the next four years.Keir Starmer unveiled plans to ban recruitment of care workers from overseas, tighten access to skilled worker visas and raise the costs to employers in an effort to curb near record net migration.

Join Roger Hearing ahead of this weekend's meeting in Switzerland of Chinese and American diplomats for trade talks this weekend. The stakes are high, as the outcome could reset the future of economic relations between the world’s two largest economies. Also, we hear how Chinese Auto makers, who struggle to sell vehicles in North America because of the import tariffs, are expanding rapidly in many markets around the world.And the government of Mexico is suing Google Maps over its decision to use the name "Gulf of America" instead of the longstanding "Gulf of Mexico".

Who is Pope Leo XIV? And how is he going to deal with the Vatican's finances?The US has agreed to reduce import taxes on a number of British goods - should we expect other deals on the way?The Spanish parliament is debating reducing the current workweek from 40 to 37.5 hours for over 12 million people, we hear why the Spanish business association thinks it's a bad idea.And not all of us have $200bn to give away, but Bill Gates does and he says he will. We find out why.You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.

The Federal Reserve chairman Jerome Powell said America's central bank would leave its key interest rate unchanged because of tariff 'uncertainty'. We hear from Gary Schlossberg, a global strategist for Wells Fargo Investment Institute and a former researcher at US Treasury and Federal Reserve.You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.

The Indian government says it has launched strikes on Pakistan and Pakistan-administered Kashmir in response to last month's deadly attack on tourists in India-administered Kashmir.Also, the presenter Rahul Tandon will look at the Chinese economy and find out what will happen with the trade negotiations.The Canadian Premier Mark Carney is in Washington trying to strike a deal with the US President. Carney says Donald Trump is "willing to negotiate" a new trade deal and drop the tariffs following "wide-ranging discussions" at the White House.Also, we look at the German economy after Friedrich Merz eventually elected German chancellor.And see why there are so many bets on who will be the next leader of the Catholic Church. You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.

OpenAI, the parent company of artificial intelligence service ChatGPT, has announced a new governance plan after a bitter power struggle over the business.US President Donald Trump has said he will hit movies made in foreign countries with 100% tariffs, as he ramps up trade disputes with nations around the world.The European Union has announced a five-hundred-and-sixty-million-dollar fund to attract foreign scientists. How will it work?Also, Rahul Tandon will find out why Met Gala event is so important for many investors.You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.

Voters are going to the polls in Australia to choose their next government following a hard-fought campaign during which living costs, climate concerns and the impact of Donald Trump's trade tariffs have featured strongly. Shares of Rockstar's parent company, Take-Two Interactive, tumbled by as much as 8% on Friday morning after it announced that it has delayed the launch by a year – to May 26, 2026. With the company being valued at around 40 billion US dollars, that is a lot of money being shaved off. The U.S. President Donald Trump repeated that he will revoke Harvard University's tax-exempt status, saying that "We are going to be taking away Harvard's tax-exempt status. It's what they deserve!" Harvard, which is already suing the Trump administration, said that this is unlawful. And Skype Will Shut Down on Monday, May 5, As Microsoft Shifts to Teams. Davina Gupta will hear from one of the creators of the Skype ringtone. Throughout the programme, we’ll be joined by two guests on opposite sides of the world – Peter Ryan, ABC's senior business correspondent who is in Australia, and Diane Brady, Executive Director of Fortune Live Media and Editorial Director of the Fortune CEO Initiative.

President Trump has sacked Waltz as national security adviser and nominated him to serve as ambassador to the United Nations.The US and Ukraine signed a minerals deal which President Zelensky says is an "equal partnership".As trade wars continue, we explore how businesses of all sizes are surviving. Will tariffs dominate Apple and Amazon's earnings? And how are small businesses staying afloat?Plus, why have Australian wine exports hit a record low? Andrew Peach speaks to a wine maker in Melbourne.

President Trump says tariffs on China “will not be anywhere near 145%” but won’t be removed all together. It follows US Treasury Secretary Scott Bessent saying he expected a ‘de escalation’ in US China tariffs.The International Monetary Fund has revised its global growth forecast in the wake of Trump’s tariffs, with the US expected to be hit hardest.And the boardgames industry is suffering the consequences of tariffs. A number of companies have launched a legal case against the Trump administration. Among them is Stonemaier Games, we speak to their President.

On the programme we are looking at Donald Trump's first 100 days in power, during which he has talked a lot about tariffs, and there have been many changes to trade policies. Rahul Tandon looks at the key important economic events of the initial 100 days and the way they have upended global trade. Also, Mark Carney is celebrating his election victory in Canada, although Canadian broadcaster CBC projects his party will fall just short of the 172 parliamentary seats needed for a majority.Throughout the programme, we’ll be joined by two guests on opposite sides of the world – Rebecca Choong Wilkins, Senior Asia correspondent for Bloomberg, and Tony Nash, CEO of Complete Intelligence.