the ripple effects from the collapse of silicon valley bank on friday are being felt accross the world. the us government has now said it will ensure all svb account holders will be able to retrieve any funds they have on monday morning. a statement by the us treasury and federal reserve said the plan will ensure the resilience of the broader us banking system. meanwhile in the uk, the government is warning that up to 200 british start ups and technology firms, are at risk, following the collapse of svb. its british arm, svb uk, has helped with financing for numerous technology and life sciences companies. but it s now feared they won t be able to pay wages or suppliers. the government is due to announce what their plan is to help these firms effected before the markets in london open this morning. here s our business correspondent, marc ashdown. at silicon valley bank we deal in innovation. it s the cool bank for cool customers. the uk arm serves 3500 of the brightest new te
which has won 7 oscars, including best picture, best director and best actress for michelle yeoh. the us government announces a rescue plan to suppot businesses affected by the collapse of the silicon valley bank. pressure grows in the uk for a similar offer. now let s talk about china, because the country has a new premier, lee tsiang , who took his oath of office at the week end, promising to make his country even more prosperous, despite a challenging economic situation. mr lee is expected to be in charge of an economy that s facing a real estate crisis, debt problems and us sanctions. so what will his appointment mean for the country s economy? joining me now is nick marro, globaltrade analyst at the economist intelligence unit what do we know about lee tsiang and his plans for china? hejust completed a
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