hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far things seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly and remove their funds from banks
majority of workers, they have the most votes in this. if they get behind us, then this could get through. if other small unions don t recommend this, for example unite, that might not matter. at this stage it s not clear whether all the unions are going to recommend this offer to their membership. my sense is that the unison, gmb unions will probably get behind this. but it s a big question whether the membership are going to think that is good enough. there is a lot of anger out there. and why is it a sense of suddenly more serious talks now? i was interviewing a key union leaders fought some time, so be it for them, it was completely obvious obvious, that they were offering olive branches to the government that were not being taken up. what changed? that were not being taken up. what chanced? ~ , ., ~ that were not being taken up. what chanced? ~ , ., ,, . changed? why do we look like we re closer to a hat changed? why do we look like we re closer to a hat deal chan
we start in the us, where the british tech tycoon mike lynch has been cleared of fraud charges in a san francisco court. once hailed as a uk bill gates, mr lynch was facing fraud charges over the $11 billion sale of his software firm, autonomy, to hewlett packard back in 2011. mr lynch had been accused of inflating the value of his firm ahead of the sale a jury has found him not guilty on all counts. our north america business correspondent erin delmore has the details. when autonomy was sold to hewlett packard 13 years ago for $11.1 billion, it was one of the top 100 public companies in the uk. the sale marked the la rgest ever takeover of a british technology business. but hewlett packard later wrote down the company s value by more than $8 billion, leading to criminal charges that mike lynch had defrauded hewlett packard by inflating the value of autonomy. the businessman was extradited from britain to the united states to stand trial on the charges, which could have put
mr modi set to form a government with the help of a coalition of smaller parties that may make it harderfor him to push through economic reforms. today the central bank has is due to make its latest call on the cost of borrowing which currently sits at 6.5%. 0ur correspondnet archana shukla has been there for all the drama and joins me now from mumbai. just take us through what happened this week and where market sentiment sits right now. ~ . . . market sentiment sits right now. ~ ., , , ., now. well, it has been a roller-coaster now. well, it has been a roller-coaster ride - now. well, it has been a roller-coaster ride for i now. well, it has been a. roller-coaster ride for the roller coaster ride for the indian markets. we started with quite a big high on monday after post poll predictions showed that prime minister modi s ruling party would have a thumping majority but they fed it was split and we can to the market. it crashed on tuesday, losing more than 6% on the benchmark. near
holding up the pictures of those hostages. october the 7th, holding up the pictures of those hostages. 0ctoberthe 7th, of course, 1200 people were killed by hamas gunman. hamas is a designated terrorist organisation by many western governments. israel has since vowed to crush hamas in a devastating military campaign in which the hamas run gaza health ministry say more than 23,000 people have been killed. 0ur correspondnet wyre davies reports. a solemn commemoration in tel aviv as israel marked its most traumatic period since independence 75 years ago. an almost collective sense of grief as thousands gathered to mourn the dead of october the 7th and especially to support the families of those abducted to gaza 100 days ago. of those abducted to gaza 100 days auo. , ., ., , ., of those abducted to gaza 100 days auo. . ., ., ,., , ago. there s three generations of my famil that ago. there s three generations of my family that have ago. there s three generations of my family that have