The US cuts interest rates

The US central bank has cut interest rates for the first time since 2008. We talk to Randall Kroszner, Professor of Economics at the University of Chicago Booth Business School and a former member of the Fed's Board of Governors. As climate change brings extremes, we hear how weather data can boost business profits. Leon Brown is chief meteorologist of the Weather Company, and explains how its data gets used by companies. Jon Weaver is head of marketing for the south coast resort of Bournemouth, and tells us an inaccurate forecast of rain for a public holiday weekend last year led to a 40% decline in visitors. And professor John Selker of the Trans-African HydroMeteorological Observatory discusses the potential benefits to farming and industry of an increase in the number of weather stations pumping out publicly available data on the continent. Plus our reporter, Elizabeth Hotson heads to the British Library to find out about a scheme there aimed at helping entrepreneurs set up a business. Pic description: US Federal Reserve Chairman Jerome Powell
Pic credit: Andrew Caballero-Reynolds/AFP/Getty Images