around 0.32%. some reprieve, but will it last? rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing in and looking at at this point. the market has not entered a panic mode, as we have seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now it is a logistical rerouting, what we re seeing, and not kind of that panic and fear that we re going t
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
around. ., , ., . around. the level of economic activity is around. the level of economic activity is likely around. the level of economic activity is likely to around. the level of economic activity is likely to be - around. the level of economic activity is likely to be flat - around. the level of economic activity is likely to be flat and | activity is likely to be flat and wilful folsom time. this morning, two big connected wilful folsom time. this morning, two big connected questions, - wilful folsom time. this morning, two big connected questions, can | wilful folsom time. this morning, i two big connected questions, can we afford to solve the climate crisis or can we afford not to act? for some time. joining me this morning is labour s shadow climate change secretary, ed miliband, and the chancellor of the duchy of lancaster, basically the prime minister s right hand man, oliver dowden, the leader of the liberal democrats, sir edward davey, is here, and so is