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Transcripts For BBCNEWS BBC News 20240706

a month before the attack. one of the strongest storms ever recorded in the southern hemisphere rips through mauritius and madagascar twice and is now heading for mozambique for the second time. it may have broken the record as the longest lasting cyclone in history, on record, it s been a named tropical cyclone now for 33 days. hello to our viewers on pbs and around the globe. we start in the us, and regulators have shut down silicon valley bank, a major lender to tech companies, after it ran into financial trouble. worries triggered a sell off on global financial markets. it s the largest banking failure in the us since 2008. james clayton has been explaining how it happened. this will go down in silicon valley history, certainly one of the most stressful days for silicon valley founders in modern times. we have spoken to people today who have been able to withdraw their money from silicon valley bank, and some who haven t. one person i spoke to said they put in a wire requ

Transcripts For BBCNEWS BBC News 20240706

record levels of deforestation in february. one of the strongest storms ever recorded in the southern hemisphere rips through mauritius and madagascar twice and is now heading for mozambique for the second time. we start in the us, and regulators have shut down silicon valley bank, a major lender to tech companies, after it ran into financial trouble. worries triggered a sell off on global financial markets. it s the largest banking failure in the us since 2008. james clayton has been explaining how it happened. this day will go down in silicon valley history, certainly one of the most stressful days for silicon valley founders in modern times. we have spoken to people today who have been able to withdraw their money from silicon valley bank, and some who haven t. one person i spoke to said they put in a wire request yesterday, they waited nearly 2a hours and eventually found that they had got the money, but we spoke to another person who said they have tried and tried and tr

Transcripts for BBCNEWS BBC News 20240604 05:06:00

doesn t break out and things are done over the weekend. hopefully they are working feverishly. remember what happened in the uk to northern rock. there was no deposit insurance at all, and on monday morning alistair darling announced that all deposits were guaranteed. the difference with northern rock, actually people stood outside the banks, lined up to try and get their money out. the worry here, certainly don t want to spread panic, but what we learned in 2008 was banks in florida were connected to banks in london and germany and japan and everywhere else in the world, so the worry is this is a domino that will develop. just briefly, professor, will this impact the trajectory now of interest rates? as you say, the governor of the central bank in the united states, jay powell, will have to discuss the situation this weekend. the thinking was that rates

Transcripts for BBCNEWS BBC News 20240604 04:06:00

it s quite a lot of money but they are much less regulated, and undertrump, they are much less regulated, and under trump, regulations were reduced. one of the people pushing hard for it was the ceo of this bank. so they are not so subject to regulation, but the reality is the central bank and the treasurer dunnett yellen and jay powell over this weekend have to make sure panic doesn t break out and things are done over the weekend. hopefully they are working feverishly. know what happened in the uk to northern rock. there was no deposit insurance at all, and on monday morning alistair darling announced that all deposits were guaranteed. the difference with northern rock, actually people stood outside the banks, lined up to try and get their money out. the worry here, certainly don t want to spread panic, but what we learned in 2008 was banks in florida were connected to banks in london and germany and japan and everywhere else in the

Transcripts for BBCNEWS BBC News 20240604 05:25:00

the amazon, and deforestation there went up by a staggering 99% in a year. figs there went up by a staggering 99% in a year. there went up by a staggering 99% in a year. as long as they don t reach 99% in a year. as long as they don t reach the 99% in a year. as long as they don t reach the entire - 99% in a year. as long as they don t reach the entire region, | don t reach the entire region, illegal deforestation will ramp up. illegal deforestation will ramp u - . illegal deforestation will ramp u -. , , illegal deforestation will ramp u. , , illegal deforestation will ramp u . , , , ., ., up. the numbers paint a difficult up. the numbers paint a difficult picture - up. the numbers paint a difficult picture for - up. the numbers paint a - difficult picture for president lula da silva. after years of surging deforestation under his predecessorjair bolsonaro, he pledged to end illegal logging. we just left behind pledged to end illegal logging. wejust left behind a government

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