is a sense of quiet confidence, but we are not there yet. and blizzard conditions in unexpected places in america as a cold weather front hits california and other southern states. more than 43 people, including a baby, have died after a boat carrying migrants sank in rough seas off the southern italian mainland according to the coastguard. dozens of bodies were found on a beach near a seaside resort in the calabria region, with others found in the waters nearby. rescuers are still searching for survivors, after the vessel which was thought to be carrying at least 120 people reportedly broke apart near the coastal town of crotone. the coastguard says 80 people are known to have survived but a a large search and rescue effort continues on on land and at sea. the italian prime minister, giorgia meloni, has released a statement through her spokesperson it says she expresses her deep sorrow for the many human lives cut short by human traffickers, and adds it is inhuma
of becoming president. and blizzard conditions in unexpected places in america as a cold weather front hits california and other southern states. more than 43 people, including a baby, have died after a boat carrying migrants sank in rough seas off the southern italian mainland according to the coastguard. dozens of bodies were found on a beach near a seaside resort in the calabria region, with others found in the waters nearby. these pictures from the italian coastguard were filmed in darkness, early on sunday morning and you can see the wreckage of the boat. one local official has suggested as many as 150 people had been onboard. rescuers are still searching for survivors, after the vessel reportedly broke apart near the coastal town of crotone. the coastguard says 80 people are known to have survived but a large search and rescue effort continues on land and at sea. this report from richard galpin. continues on land and at sea. this is all that remains of the woo
hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far the markets seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. and other stocks are up too. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly
hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far things seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly and remove their funds from banks