hello and welcome to bbc news. i have the top stories. with british supermarket prices spiralling fast, rishi sunak is promising more seasonal visas for farming. promising more seasonal visas forfarming. that promising more seasonal visas for farming. that story coming up for farming. that story coming up later on. but first, one of the world s biggest car makers, stella ntis, which produces vauxhall cars here in the uk, has urged the government to renegotiate part of its eu trade deal or run the risk of making the business unsustainable. stellantis, whose brands also include peugeot, citroen, chrysler and fiat, says its concerns are related to electric vehicles. stellantis says the surge in the cost of raw materials has made some of the conditions of the post brexit deal signed in 2020 are no longer achievable. our economics editor faisal islam has the story. electric vehicle manufacturing is supposed to be the future of the car industry, replacing these conventional cars, b
giant has revealed results for the first quarter of this year. the last quarter before it had to be rescued by its swiss rival andy illustrate the scale of the crisis which was around the corner. betweenjanuary and march, credit suisse made a pre tax loss of nearly one and a half billion dollars and to add to its woes, a massive amount of deposits were withdrawn in that three month period. total output was nearly $69 billion and to remind you what happened next, there were fresh doubts about the stability of the wider banking industry, just a few weeks ago investors became increasingly fearful for the future of credit suisse, it was eventually bought by the swiss rival in what was described as an emergency rescue. the $3 billion price tag a mere fraction of what the bank would have been previously valued. this crop looked cross live to the head of investment at interactive investment. for being with us. what s interesting is that we also heard from credit suisse today that wi
very much remain unchanged. thank you very much for remain unchanged. thank you very much forjoining - remain unchanged. thank you very much forjoining us - remain unchanged. thank you | very much forjoining us today. around the world and across the uk, this is bbc news. around the world and across the uk, this is bbc news. busy a1 and north yorkshire police cameras recorded jason ryder driving in poor conditions at speeds of 140 miles an hour, the police pursuit which began in harrogate lasted 17 minute and ended near of the a1 where police employed a stinker device to stop the speeding car. . , ., . , car. vehicles done, vehicles done. car. vehicles done, vehicles done- the car. vehicles done, vehicles done. the crown car. vehicles done, vehicles done. the crown court - car. vehicles done, vehicles| done. the crown court heard car. vehicles done, vehicles - done. the crown court heard how jason wright done. the crown court heard how jason wright had done. the crown court h
there are three things which is cost, the uncertainty involved with brexit and also the fact that we don t have good infrastructure. after the pandemic, cost, raw material costs and energy costs used to produce the vehicles. secondly, brexit, companies are worried to invest unless they get more clarity on whether there are future experts subjected to an additional tariff. and also, we don t have good infrastructure here because there hasn t been a good strategy so far to produce these electric vehicles. you need to have good locally sourced content, you need to have a factory, the chemicals to hold the supply chain. these other factors that is holding back the uk industry. is holding back the uk industry- is holding back the uk indust . g . ., ~ , ., industry. 0k, janet, thank you very much industry. ok, janet, thank you very much for industry. 0k, janet, thank you very much forjoining - industry. 0k, janet, thank you very much forjoining us. - the us government is rapidly closing
they can t increase the debt by, which, in this case, would be about 25% of what they intend, and otherwise, the world just mostly goes on. the most important expenditures continue because they are characterised, military, air traffic control, all that stuff, and they prioritise what they deem to be the least important stuff. the fact is if you go through the history of this, and my expertise is capital markets, not social policy, when you go through the history of this, not all the time, but most of the time, capital markets do great in that period, 2018 19 which people forget, the stock market went through the roof the whole time. ., ., ., time. kevin, we have to leave it. time. kevin, we have to leave it- thank time. kevin, we have to leave it- thank you time. kevin, we have to leave it. thank you for time. kevin, we have to leave it. thank you forjoining - time. kevin, we have to leave it. thank you forjoining us . it. thank you forjoining us with your thoughts today. japan h