shares of mufg, mizuho and smfg were all down around 8% in trading. the nikkei exchange was down over 2% overall. here in europe, we ve seen credit suisse drop another 5% in early trading. on monday, major us banks lost around $90 billion in stock market value, bringing their loss since svb s collapse to nearly $190 billion. many are now speculating the federal reserve will pause its plans to keep raising interest rates, designed to tame inflation. we re nowjoined by greg swenson, who is an international investment banker and founding partner at brigg macadam. good to have you with us. let s pick up good to have you with us. let s pick up on that thought about rate because that progressive increase increase in interest rates has been one of the things cost for the collapse in svb. will the federal reserve be looking at this closely? i think the key word is maybe. goldman sachs came out yesterday suggesting that they would pause and not raise rates at the next meeting, but tha
which is marking 25 years since the signing of the good friday agreement. the historic peace deal largely ended decades of violence in northern ireland. but prime minister rishi sunak says efforts must be intensified to restore the power sharing government that was central to the deal. it collapsed in the fallout from brexit and now the political dysfunction and security concerns are threatening to overshadow the historic milestone. rishi sunak willjoin the us president, joe biden, on a visit to northern ireland on tuesday to commemorate the good friday agreement. a few minutes ago, the us national security council spokesperson, john kirby, told the white house press corps how much this trip means to president biden. president biden will head to ulster university to deliver remarks marking the tremendous progress since the signing of the belfast good friday agreement 25 years ago. and he ll underscore the readiness of the united states to preserve those gains and support no
of vacancies in adult care. president biden casts his vote in the crucial us mid term elections. how much power will the republicans regain? and tributes to the veteran actor leslie phillips, who has died at the age of 98. and coming up on the bbc news channel, cash injection or complete sale? liverpool s owners say they are considering inviting new shareholders. we ask what that might mean for the premier league club. good evening and welcome to the bbc news at six. there s been widespread criticism over comments made by one of the ambassadors for qatar s world cup who said fans travelling to the tournament will have to acceppt his country s rule among them a ban on same sex relationships saying homosexuality was a result of damage to the mind. the controversial tournament kicks off in less than a fortnight in the gulf state. the former fifa president sepp blatter now says the decision to award it to qatar was a mistake . our sports correspondent jane dougall has more.
good evening and welcome to bbc news. it s been a tough day that s how the chancellor began his speech to the party faithful at the conservative party conference this afternoon. it follows a dramatic u turn this morning when the government suddenly dropped its plan to scrap the 45p top rate of income tax. only yesterday, the prime minister had insisted the tax cut would stay except in scotland. but now kwasi kwarteng says criticism of the measure had become a huge distraction that had drowned out other measures announced in the government s so called mini budgetjust 10 days ago. his change of heart followed mounting opposition among tory mps to the tax cut. our political editor, chris mason, reports. first thing this morning, things are moving. and fast. the planned tax cut for the highest paid is being junked. the government has blinked. it was an ambitious plan, and we talked to lots of people up and down the country. i saw the reaction. we considered what to do w
had a long day and travel and a big day the next day so we put our pyjamas on and were really in the festive mood. and then we went to sleep. our security guy woke me up and said you our security guy woke me up and said you need to calljohn. and i remember my immediate thought beingm i remember my immediate thought being. who has died? you know. being. who has died? you know, because when you ve woken up know, because when you ve woken up in know, because when you ve woken up in the know, because when you ve woken up in the middle of the night and been told to call someone you obviously know it is going to be you obviously know it is going to be bad you obviously know it is going to be bad news. and i said, you to be bad news. and i said, you to listen to be bad news. and i said, you to listen to to be bad news. and i said, you to listen to me, someone has broken to listen to me, someone has broken into the property and i m trying to get to the bottom of wh