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Transcripts For BBCNEWS World Business Report 20240706

let s now get down to business and the drama that let s now get down to business and the drama that has let s now get down to business and the drama that has been unfolding over the weekend in switzerland is dominating once again. they ve had fraught negotiations as the authorities, the central bank and leaders of two of its biggest banks tried to reach a deal to prevent another damaging financial crisis. late on sunday it was announced. the troubled bank credit suisse has been taken over by its rival ubs in a government backed rescue worth over $3.1 billion. that s less than half the value of credit suisse at the close of trade on friday. the deal s been widely welcomed, including by the bank of england, the european central bank and in the us. switzerland s central bank wanted to prioritise financial stability and protect the swiss economy. here s the chief executive of ubs. translation: it means we bring back stability translation: it means we bring back stability and

Transcripts For BBCNEWS BBC News 20240706

the washington declaration aimed at deterring an attack on seoul. the bbc s seoul correspondent jean mackenzie explained what this agreement involves. so this deal is the us stepping up its commitment to use nuclear weapons to defend south korea from north korea. you know, the us is responsible for south korea s defence and are always up implied it would use nuclear weapons if necessary but recently people here in seoul have questioned that commitment and they needed part of its submarines, armed with nuclear weapons to the peninsular. it will be stationed here continually but it will come periodically. they will form the joint nuclear planning group and this allows south korea to be more involved in understanding how and when the us would use its nuclear weapons. politicians here essentially have been kept in the dark with little understanding of what would actually trigger the us president to trigger the nuclear button on its behalf, but in return for these us commitmen

Transcripts For BBCNEWS BBC World News 20240707

protests spread across the world following the death in custody of a young woman in iran. # starry, starry night. # paint your palate blue and grey. and painting with words. why the hand written lyrics of this famous song could sell for more than $1 million. hello and welcome. the war in ukraine has dominated the united nations general assembly in new york. in his speech, president zelensky said russia must face just punishment for its aggression against his country. he called for a special war tribunal to hold russia accountable and for a compensation fund to make it pay for the war. the new british prime minister, liz truss, promised to sustain military support for ukraine for as long as it took. she said the international alliance remained strong and threats by the russian leader, vladimir putin, would not work. our un correspondent barbara plett usher has the latest. on the second day of the general assembly, there were some strong calls for nations to stand firm in bac

Transcripts For BBCNEWS BBC News 20240706

conditions and for some of us wintry showers as well. we are in this cold air mass, the wind coming in from the arctic. that is the picture for the arctic. that is the picture for the next few days, but notice these yellow colours waiting in the wings and that will sweep in during the end of the week. but now still quite a lot of clout in the east midlands and anglia and a few rain and showers coming out of that and more snow showers coming in, even to lower levels, in scotland, northern ireland and north west england. in that the temperatures are only two to three degrees. this evening, once the sun sets, those temperatures drop quickly and we are likely to see mist and fog patches in central areas, some rain and sleet in the far south west and icy conditions there. snow flurries in the north west as well. temperatures in the towns and cities down to 1 to minus six degrees. heading through the day tomorrow low pressure is sitting in the north sea and we have still got those

Transcripts For BBCNEWS BBC News 20240707

worth also. the high pressure is not shifting, it is keeping the weather fronts at bay. interestingly on this occasion, the hot air is notjust coming in from the south but also an easterly direction and the breeze will spread the heat into parts of wales and the south west of england as well, so some very high temperatures could be realised here through the week. these are today s temperatures, maybe pipping 30 degrees, but for most of us it is the low to mid 20s and any rain clouds our way to the north, orkney, shetland. south of that into tomorrow it stays clear. 16 degrees in london tomorrow, for most of us a are 12 or 13, in london tomorrow, for most of us a are 12 or13, but in london tomorrow, for most of us a are 12 or 13, but those temperatures will start to skyrocket across the south of the country. you can see clear skies from the south coast into the midlands, much of eastern scotland and ireland, widely around 30 degrees i think in the south east. more typically ar

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