the temperature up here in the alps is rising by about twice the global average. it s already increased by 2 degrees celsius. and 20 years since the us led coalition invaded iraq to topple dictator saddam hussein, we look at the legacy. hello and welcome to bbc news. the world s financial markets have reacted with unease following last night s emergency takeover of the troubled swiss bank credit suisse. shares in credit suisse fell by more than 60% this morning after european markets opened and the value of banking shares across europe have dropped sharply. credit suisse was bought by rival swiss bank ubs in a deal brokered by the swiss government over the weekend. here s the chief executive of ubs explaining the rationale behind the deal. translation: it means we bring back stability and security for credit suisse clients, but also that we keep the reputation of the swiss financial centre high. and finally it means we are stemming the turmoil in the international financial
been falling during friday s trading as investors weigh up what stresses and problems may lie within them. concerns were sparked at the beginning of this week when switzerland s biggest bank ubs was forced to rescue its rival credit suisse. but fears seemed to ease as policymakers and politicians offered their ressaurances that their were no wider problems after the recent failures of two us banks. as you can see here, stock markets across europe are down. other banks to suffer on friday include barclays and natwest here in the uk as well as germany s commerzbank and spain s banco de sabadell. so the german chancellor has again been trying to reassure investors. translation: the banking system is stable in europe and the european union has supervisory structures in various areas, including the euro area, which have enforced strict rules and it has now proved its worth and enables us all to say that european bank supervision and the financial system are robust and stable. patr
Google deals a blow to huawei the chinese Smartphone Maker loses access to critical features of googles Android Operating System well hear what consumers have to say. Also on the show start ups try cutting in on the highly competitive razor blade industry. And bangladesh wants foreign inspectors out of its clothing factories well tell you what the countrys Supreme Court says. Welcome to your business im Stephen Beardsley in berlin thanks for joining us google has barred the worlds 2nd largest Smartphone Maker huawei from using many of its products its a big blow to the Chinese Company last week the Tropic Ministration limited the amount of business American Companies can do with while away googles move means while we now loses its license for the Android Operating System and for popular google apps such as google play g. Mail and you tube. There is dismay in europe at the news that many google services
will no longer be available on who are with smartphones in rome businessman argue op
Oil futures prices settled slightly lower on Friday (Jun 14) after a survey showed deteriorating US consumer sentiment, but prices rose 4 per cent for the week as investors weighed forecasts for solid demand for crude oil and fuel in 2024.