to the uk from france face delays at calais of up to six and a half hours. coming up in sport. arsenals title hopes are alive again. they are two points clear of manchester city with a game in hand at the top of the english from your league. english premier league. western leaders have put forward a unified front in their support for ukraine, days before the first anniversary of the russian invasion. a meeting in germany of foreign ministers from the g 7 richest countries agreed to tighten sanctions against moscow and quickly provide more weapons to kyiv. the uk prime minister rishi sunak said that the sovereignty and security of every nation was at stake in the war. we was at stake in the war. need a military strategy fo ukraine we need a military strategy for ukraine to gain a decisive advantage on the battlefield to win the war in a political strategy to win the peace. to win the war ukraine needs more artillery, armoured vehicles and air defense. so now is the moment t
hello and welcome to bbc world news. western leaders have put forward a unified front in their support for ukraine, days before the first anniversary of the russian invasion. a meeting in germany of foreign ministers from the g 7 richest countries agreed to tighten sanctions against moscow and quickly provide more weapons to kyiv. the uk prime minister rishi sunak said that the sovereignty and security of every nation was at stake in the war. we need a military strategy for ukraine to gain a decisive advantage on the battlefield to win the war and a political strategy to win the peace. to win the war ukraine needs more artillery, armoured vehicles and air defence. so now is the moment to double down on our military support. when putin started this war he gambled that our resolve would falter. even now, he is betting that we will lose our nerve, but we proved him wrong then and we will prove him wrong again. together we are delivering as much equipment in the next few months a
let us get down to business. we start with a fresh look at the banking sector and credit suisse in particular. early marketjitters in response to the ubs takeover of the swiss bank have eased. in asia today, most of the main stock markets are higher with japan closed for a public holiday. the major indices in europe and the united states also closed slightly up on monday. credit suisse is one of 30 crucially important banks in the global financial system and many fear its problems are an indicator of wider risks in the banking sector. so far this month, us and european banking stocks have fallen by 22% and 17% respectively, marking the biggest monthly falls since march 2020 when the covid pandemic hit the markets. here s michelle fleury with a look at how investors in new york responded. yes, there was guarded optimism on wall street following the shotgun marriage between ubs and credit grace that was hastily arranged by swiss authorities over the weekend. the dowjones indust
important to the global economy but its also seen as one of the most polluting. it s responsible for about 2.5% of the carbon emissions that are warming the planet. that and noise pollution is why the dutch government is trying to cut the number of flights at amsterdam s schiphol airport by more than 10%. and it s defending its plans in court today. but of course airlines aren t happy. the likes of klm, delta and easyjet are behind the legal action. they ve invested heavily in what is the third busiest airport in the world for international passengers. our correspondent anna holligan is outside the dutch parliament. this is quite an interesting case being watched around the world, because lots of governments are in a similar situation. tell us what are the arguments both sides are laying out in court today. this could be seen as precedent setting around the world. seen as precedent-setting around the world. , seen as precedent-setting around the world. 3 , seen as precedent
we start with the latest market action and as the trading day began in asia the pound started to slide down nearly 5% at one point against the us dollar that s on top of the 3.6% dive on friday. investors are running for the exits as fears mount the new government s shock and awe tax plans for the uk economy are too big a gamble. on friday the chancellor, kwasi kwarteng, announced historic tax cuts, and the biggest increase in borrowing since 1972 to pay for them. there is now calls for the bank of england to take emergency action to calm rattled markets and bolster sterling. so let s look at how the pound is trading now. it has been hovering around just over $1.05 but one hour ago we were looking at the pound buying $1.03 so it has recovered a tiny bit but not much and you can see that the markets in asia are fairly mixed and we have the price of oil edging lower as well. joining me now is simon french, chief economist at panmure gordon. is at panmure gordon. this what