quarter of this year the bank s last quarter before it had to be rescued by swiss rival ubs. and they illustrate the scale of the crisis which was around the corner. between january and march, credit suisse made a pre tax loss of nearly $1.5 billion. to add to its woes, a massive amount of deposits were withdrawn in the three month period. total outflow was nearly $69 billion. and to remind you what happened next, when there were fresh doubts about the stability of the banking industry a few weeks ago, investors became increasingly fearful for the future of credit suisse. it was eventually bought by its swiss rival, ubs, in what was described as an emergency rescue. the $3 billion price tag was a mere fraction of what the bank would have previously been valued. let s get more now from russ mould, investment director at aj bell. worryingly for the bank, desposits are still being withdrawn. how significant is that? hello, yes, they did say they feel that the outflows are st
the cost of a shipping container has slumped since last year. is it a warning sign of a global recession on the horizon? well, we start here in the uk, if you can see me, i am at a slight distance. i m going to sit back down. the cameras aren t playing with us nicely this morning, so let s sit back down and we will start the programme again. let s pretend that didn t happen, shall we? 0k. welcome to the programme. we start in the uk whether has lodged a controversial new push for oil and gas exploration in the north sea. nearly 900 blocks are offered exploration with as many as 100 licences to be awarded. the government says it will burst energy security and support skilled jobs. but the decision is at odds with international climate scientists who say fossil fuel projects should be closed down, not expanded. it comes as households are warned they could face a rolling electricity blackouts this winter if problems with gas suppliers deteriorate further. national grid, overseei
hello and welcome. the uk is today taking delivery of liquefied natural gas, or lng, shipped all the way from australia. it s part of europe s preparations for the winter at a time when gas supplies from russia are under threat because of the war in ukraine. the uk is home to three of the largest lng terminals in europe, and this delivery could be consumed across europe. australia doesn t usually sell gas this far afield, and it s signalled that it might have to limit its exports because of its own supply problems. joining me now is james huckstepp, head of emea gas analytics, s&p global commodity insights. thanks very much for being with us today, james. how much of a problem solver is this shipment? problem solver is this shiment? , , , shipment? the shipment is really part shipment? the shipment is really part of shipment? the shipment is really part of what - shipment? the shipment is really part of what we - shipment? the shipment is really part of what we have | rea
combatting china. president biden will spend the next days in south korea before heading to japan to meet with leaders there. before returning home to d.c. on tuesday, he ll attend a meeting of the quad leaders. which includes japan, india, and australia. and in ukraine, russian forces are stepping up attacks on the eastern donbas region. at least 12 people were killed and 40 injured after russia unleashed new rounds of shelling in a key city in luhansk. one of the few ukrainian strong holds standing in the way of russia seizing full control of the don bass. the attacks could be a precursor to a larger drawn out battle. president volodymyr zelenskyy called the strikes, quote, brutal and completely pointless. willie. meanwhile, the u.k. ministry of defense has released new information reporting the battle for mariupol has left the russian military weakened. the fierce fighting against ukrainian troops who held out inside of that steel plant has depleted russia s ranks and re
That corresponds to the winds. But the power would be turned off several hours before the winds. Everyone needs to get prepared today and before tomorrow afternoon. Pg and e customers are being told this outage could last at least several days. It could be shorter, and hopeful loi hopefully it will be. This is to prevent another catastrophic wildfire, as you get a look at the conditions here from sky 7. Its just impossible to contend with, and youre dealing with this both in Northern California as well as Southern California, where they have raging fires down there as well. Right. This is the kincaid fire, which has burned, certainly, a lot. It exploded overnight again, its now at 21,000 acres. And we have 49 structures that have been destroyed. We know that 21 are homes and 28 are outbuildings or i should say were, because they are no more. And you can see the spot fires. They keep spreading as the
embers pick them up. Although today is not terribly windy. So firefighters were trying