Report with sally. Panic on the high street it was britains first bank run in 150 years. But a decade on, have the lessons of Northern Rock been learnt . Plus, the oil age may be ending, but what comes next . Toyota is betting on hydrogen. We will be hearing from the european boss at the frankfurt motor show. Hello and a warm welcome. I am sally bundock. This is World Business report. We start with an uncomfortable anniversary for the financial industry here in the uk. Exactly ten years ago today the bbc broke the news that high Street Lender Northern Rock had been forced to ask the bank of england for help. What happened next was an early sign of the Global Financial crisis to come. It had huge implications for the industry and led to major changes, but some say not nearly enough. So if we have a look at the scenes that were all over the screens. These were Northern Rock branches all around the uk. The news sparked the first run on a british bank in 150 years, with savers queuing to t
Reporter it is one to ship to be a beautiful fall as the weekend temperatures in the 80s and for the bonus and a location. Reporter an Oakland Police scandal another Oakland Police chief and gone and a varied and record mirror speaking down first it was a sex scandal involving officers and and is call or and then the of a systematic his girlfriend for a police force. Reporter . Weve seen and from Police Chiefs come and go in visibly angry mayor libby shaft faced the press once again this week. Reporter allegis can to walk the department involved risks Text Messages sent between africanamerican of the officers and is one person as currently on leave act and the others to send or receive the text message will face punishment as well. Reporter she was recording of the appointment of the city administrator the fourth person just over which is in charge of the zero complete department his resignation came during an investigation of allegations that Police Officers access to come under a hug
Murder makes his debut as a host on Russian Television as the kremlin tries to unite the country against a common enemy. Aaron joined us. This man, the chinese ecommerce giant goes public this week. Well take a look at why some western firms are very worried about alibabas move on to u. S. Soil. Its midday here, where Foreign Ministers have gathered to come up with a unified strategy. About 40 countries, including ten arab states, have signed up to a coalition to fight the militant group. It has sieged large swaths of territory in Eastern Syria and across northern and western iraq. This summit comes off the back of a whirlwind tour by u. S. Secretary of state john kerry, and also after the killing of another western hostage on the weekend. The french president Francois Hollande has been speaking at the summit. He has described Islamic State as a global threat. Translator this terrorist movement has attacked the weak and the most vulnerable. Women and children. This terrorist movement h
Are working conditions any safer. And on trial for bribery. Formula 1s billionaire boss appears in a german court. Chinas government insists it owns a group of disputed islands in the east china sea, not japan. Beijing made the statement after president obama backed tokyo in the dispute, and he is currently on a state visit to japan as part of a regional tour. Mike viqueira reports from tokyo. Reporter in tokyo president obama said what the japanese waited to here, that america would fight on their side if a dispute over islands escalates. Let me reiterate, article 5 covers all territories under japans administration. Including the senkakku islands. China has a different name, diaoyu island, and claimed them as their own, leading to confrontation. President obama knocked down a perception that he want to contain the riding power. A secondlargest economy and trading partner. We want to encourage a peaceful china. Wednesday night the Prime Minister shinzo abe treated mr obama to dinner a
Recently there was a tragic Airline Disaster in San Francisco. As an investor, i always want to try to find lessons that help you conceptualize. Talking about asiana air and San Francisco and the crash that took three lives and hundreds of people were injured. It teaches you that sometimes things do not go well, from a stock perspective. Boeing stocks did not really get hit on that news. Asiana Airlines Stock dead. As an investor a creates a potential opportunity. It is petroleum have the oil spill in the stock went from 60 to 30 in the gulf of mexico. At 30, the stock was a screaming mind. There is environmental damage, there is destroyed equipment and animals dying. From the stock perspective, trying to take advantage of the scenario whether its something that goes wrong. On top of that, there is the personal tragedy and mall. We have all known someone who has died way too early. We also know someone who has been disabled and ultimately that is what were talking about. Asiana airline