hello, i m with your top business stories. should one of britain s most influential newspapers be owned by the abu dhabi royal family? that s a question the uk government has been grappling with since the 169 year old daily telegraph agreed to a major investment from a uae backed firm late last year. redbird imi is backed by shekih mansour bin zayed al nahyan who also owns manchester city football club. the deal has been put on hold until later this month while uk media regulators examine it. but the man leading the bid, the former boss of cnn jeff zucker, has dismissed concerns about editorial interference by the gulf government at the telegraph and its sister magazine the spectator. speaking exclusively to our business editor simonjack, he said the deal will provide much needed investment in uk journalism. we think it is a two terrific brands that have been under invested in for a long time and is a great opportunity to export these brands, to invest in these brands, br
bank failures, silicon valley bank and signature bank. christine romans, what is happening with credit suisse is different, but it s also spooking thing market. it is. so this is european banking fears that are now spreading back into an already fragile and vulnerable u.s. system. credit suisse down 20% to a record low. several european bank shares are halted in european trading. so that s just feeding into the worry about rising free agents and fragilely in the world. dow futures down 1.5%. if this holds this would take away the rally in yesterday. nasdaq, s&p futures also lower here. the regional banks that bounced back in the u.s. yesterday a sign of stability, a sign of relief, a mixed performance. first republic shares in premarket trading up a little bit. some of the other banks are down and again what folks are really zeroing in here is what are the exposure to these banks, these long-term treasuries, long-term securities that are going to be hard to sell in the near
northern ireland secretary says he will call an election on the 28th of october to if the stormont executive has not been convened. there were more than 3 thousand heat related deaths in england and wales this summer with more than 250 excess deaths a day recorded during the hottest period and we ll find out later which city will host next year s eurovision song contest the competition will be held in either liveprool or glasgow in place of ukraine social care providers are warning millions of people could be left without support unless there s a complete overhaul of the system. care england, which represents independent providers, says services for people who can t look after themselves, must be restructured or the nhs will be on its knees. the government says it s investing £5 billion in social care in england over the next three years. jeremy cooke reports. are you all right? have you been in the shower? for wendy, it is the first call of the day. i have got some
still more classified documents at the private club, closed quote. that signals there was potentially additional material there of interest to the u.s. government, even after trump turned over those 15 boxes to the national archives earlier this year. and last night, the director of the fbi chris rwray refused o answer questions about this search. he expressed real concern surrounding violent threats against fbi agents. take a listen. any threats made against law enforcement including the men and women of the fbi as with any law enforcement agency are deplorable and dangerous. and this morning, cnn has learned that some within the justice department believed that the department should have provided a public statement on the search. so let s start right there with our cnn senior justice correspondent evan perez. evan, we have been talking a lot this week about the real escalation from a meeting that investigators had back in june, with trump lawyers at mar-a-lago, leadin
we start with the soaring cost of living because prices here in the uk are now rising at the fastest rate in a0 years. the annual rate of inflation hit 9% in april up from 7% in march, driven bya bigjump in energy bills. britain s finance minister, chancellor of the exchequer, rishi sunak is warning of tougher times ahead as pressure grows on him to take action. our economics editor faisal islam has more. when prices rise this fast it hits everyone, the fracture seen on every street, office and household in the country, including in lancashire. she recently ran her business, after the pandemic she finds money running out as bills get more expensive and even essential things become too expensive. essential things become too “pensive- expensive. gas and electric because i expensive. gas and electric because i got expensive. gas and electric because i got in expensive. gas and electric because i got in arrears - because i got in arrears because i got in arrears beca