Ait news hour at 8pm
You're looking for the latest news at 8pm! Here's a summary of the top stories:
Breaking News
- The US and China have reached a tentative trade deal, with both countries agreeing to reduce tariffs and increase trade. The deal is expected to be signed in the coming weeks.
- A powerful earthquake has struck the Philippines, killing at least 10 people and injuring many more. The quake was centered in the island of Mindanao and caused widespread damage.
- The UK has announced plans to introduce a new points-based immigration system, which will prioritize skilled workers and reduce the number of low-skilled migrants.
International News
- The European Union has imposed sanctions on several Russian officials and entities over their involvement in the poisoning of opposition leader Alexei Navalny.
- The United Nations has condemned the recent violence in Yemen, calling for an immediate ceasefire and humanitarian aid to be delivered to affected areas.
- The Australian government has announced plans to increase funding for mental health services, following a report that found one in five Australians are experiencing mental health issues.
Domestic News
- The US Federal Reserve has cut interest rates for the third time this year, in an effort to boost the economy and stimulate growth.
- The US Department of Justice has announced charges against several individuals and companies involved in a massive fraud scheme, which allegedly defrauded investors of millions of dollars.
- The California wildfires have continued to spread, with thousands of people forced to evacuate and several towns under mandatory evacuation orders.
Business News
- The Dow Jones Industrial Average has closed above 29,000 for the first time, driven by strong earnings reports from major companies.
- The US dollar has strengthened against several major currencies, following the trade deal announcement and interest rate cut.
- The tech giant, Apple, has announced plans to launch a new streaming service, which will compete with Netflix and other popular streaming platforms.
That's all for now! Stay tuned for more updates throughout the evening.