and smashed, but not trashed. why more of us are fixing rather than replacing our damaged devices. we ll be getting a masterclass in gadget repair. hello. let s return to our top story it s exactly a year ago today that russia launched its full scale invasion of ukraine, beginning europe s biggest conflict since world war ii. tens of thousands killed on both sides, and an estimated 13 million people displaced from their homes or made refugees abroad. the economic impact has been global with soaring energy and food prices fuelling a cost of living crisis around the world. for russia, sanctions and growing isolation from internationalfinance. more on that in a moment. and for ukraine itself a struggle to stave off economic collapse. unfortunately, the damage done by russian aggression for ukraine is tremendous. last year, we lost particularly more than 30% of our gdp. we suffered a lot. we lost part of our territory. but we are still capable, we re still able and we still c
the ripple effects from the collapse of silicon valley bank on friday are being felt accross the world. the us government has now said it will ensure all svb account holders will be able to retrieve any funds they have on monday morning. a statement by the us treasury and federal reserve said the plan will ensure the resilience of the broader us banking system. meanwhile in the uk, the government is warning that up to 200 british start ups and technology firms, are at risk, following the collapse of svb. its british arm, svb uk, has helped with financing for numerous technology and life sciences companies. but it s now feared they won t be able to pay wages or suppliers. the government is due to announce what their plan is to help these firms effected before the markets in london open this morning. here s our business correspondent, marc ashdown. at silicon valley bank we deal in innovation. it s the cool bank for cool customers. the uk arm serves 3500 of the brightest new te
Climate change. This is about 30 seconds early minutes. Gabriela good morning. How are you . Welcome to this historic event where the president s of idb and the world bank will share with us their vision for development and also the importance for Multilateral Development banks working together. My name is gabriela frias. Im a business journalist for cnn and i am delighted to be moderating this conversation. Were honored to have you and those following this live transmission. And now i would like to welcome to the stage idb president Ilan Goldfajn and World Bank President ajay banga. [applause] hello. How are you . Very well. This is a historic moment, so im delighted to be here talking to you. First things first, youre both relatively new in your roles, you both come from the private sector, and you both want to mobilize more capital to achieve more development. Why is it so important right now . President goldfajn. Im going to let him go first since hes been in the job longer than i
Priorities for Economic Development for the caribbean and latin america. It included access to Digital Technology and application and the impact for climate change. This is about 30 minutes. Gabriela good morning. The p i am a business journalist for cnn and i am delighted to be moderating this conversation. My name is gabriela frias. Im a business journalist for cnn and i am delighted to be moderating this conversation. Were honored to have you and those following this live transmission. And now i would like to welcome to the stage idb president Ilan Goldfajn and World Bank President ajay banga. [applause] hello. How are you . Very well. This is a historic moment, so im delighted to be here talking to you. First things first, youre both relatively new in your roles, you both come from the private sector, and you both want to mobilize more capital to achieve more development. Why is it so important right now . President goldfajn. Im going to let him go first since hes been in the job l
Are not seeing a bigger reaction . Julie there was a bigger reaction when he opened, but it has since abated. It seems like nothing will stop the engine of this rally or small moves on a daily basis. That is what we are seeing today. Stocks are bouncing up a lows of the session. If you look at the groups in the s p 500, we have got about half even between green and red on the screen. Even the declines are now updating to some extent. Telecom stocks leading. Health care continuing its run in a particular group. We have Consumer Staples tech and energy in the red, for not having as much of an influence. Financials are on the unchanged line. Financials were earlier in one of the worst performing spots. One of the things tied up in the financials has been the bond market. We have seen steep selling earlier in the day. Buying in the bond market. Bonds earlier saw a drop in field of his as much as five basis points. It is now three basis points. Earnings are a big topic of conversation and t