welcome to our viewers on pbs in america and around the globe. the swiss central bank has agreed to provide a loan of more than $50 billion to the troubled banking giant, credit suisse, if needed. shares in the bank have plunged 24%, sparking a wider sell off in european stocks, which closed down more than 3%. it comes days after the failure of silicon valley bank in the us. our correspondent, michelle fleury, has more. hopes that the problems of us banks would stay in the us have not panned out. shares in switzerland second largest bank credit suisse dropped to record lows. we should point out that credit suisse is a bank that has been terminal for years. credit suisse is a bank that has been terminalfor years. as one analyst put it it has been a slow moving car crash. two new things have happened to spook investors. the bank said there was material weakness in its financial reporting and its top supporter ruled out lending it any more money. all this adds to concerns about
the swiss central bank has agreed to provide a loan of more than $50 billion to the troubled banking giant, credit suisse, if needed. shares in the bank have plunged 24%, sparking a wider sell off in european stocks, which closed down more than 3%. it comes days after the failure of silicon valley bank in the us. our correspondent, michelle fleury, has more. hopes michelle fleury, has more. the problems of us bar would hopes the problems of us banks would stay in the us haven t panned out, shares in switzerland is second largest bank credit suisse dropped 20% to record lows, should point out credit suisse is a bank which has been in turmoilfor years as one wall st analyst ported a slow moving car crash will stop to new things have happened speaking investors, it has material we in its financial reporting and its top back ruled out lending it any more money, all of this is adding to concerns about the global banking system, in an attempt to stabilise the troubled lender the sw
a very warm welcome to the programme. we begin here in the uk. it is the morning after that budget. the chancellor has insisted his first budget is transformational and will get people back into work. jeremy hunt set out major changes to pensions and benefits, as well as an expansion of free childcare in england, all designed to boost economic growth. the new pension tax rules will allow higher earners to save more into their pensions, tax free. the opposition labour party has said it s the wrong priority for the wrong people. emma simpson reports. at this nursery in south east london working parents like charlie love the idea of 30 hours of free childcare for those nine months and over in england. her daughter, dorothy, will hopefully qualify. will hopefully qualify. other to - line, will hopefully qualify. other topline, ecstatic, will hopefully qualify. other topline, ecstatic, i ve - will hopefully qualify. other topline, ecstatic, i vejust i topline, ecstatic, i v
good morning, everyone. you can see poppy and don are in new york. we re going to begin this hour with breaking news. minutes ago we just got dramatic new video from the pentagon released by the military where you can see a russian fighter jet approaching the back of the american drone that has now been down for about 4,000 to 5,000 feet in the black sea. in this video, you can see where the russian fighter jet is going up to this american drone. it is dumping fuel on it. that s what you re seeing on the video as it s approaching here. then the jet goes away. it comes back and dumps more fuel. then it hits the american drone. it clips the drone. that is when you see the color bars there ultimately, of course, this is what led up to the downing of this drone that we have been following all week since this happened thcht interaction that happened on tuesday lasted for over half an hour. now, of course, that u.s. drone was forced to be downed in the black sea. general millie sai
we can t afford to be able to put her in nursery for some days a week so i can go back to work. so it s quite difficult really, but announcing this sounds really promising. big changes to pensions too to encourage people to stay in employment, but the chancellor s plans prompt accusations that his budget favours the rich. also on the programme tonight. markets fall in europe and the us amid concerns about the troubled banking giant credit suisse. it s a lovely ball through to benzema. break s here for vinicius. then benzema. and there s no miracle in madrid as liverpool are knocked out of the champions league. and coming up in the sport, but you left the best of the action from snakes champions league clashes, it is mission improbable liberal pool and nurture it, find out how they fare against the defending champions. liverpool. good evening. the chancellor, jeremy hunt, has pledged to build for the future in his first budget, promising it will deliver growth. he told mp