there were sharp losses in early trading, although banking stocks have since rebounded slightly. ubs is currently up 3.5% let s take a look now at how the markets are performing more broadly. trading began in the us an hour ago. we can see the dow is up, the snp 500 also on 5.2%. in asia and in europe, there was some initial fright taken by investors, particularly because certain bondholders in credit suisse have lost all the value of their investment, but by the middle of the trading day most european indices were trading positively again. now, one aspect of the deal was that any investor holding additional tieri bonds, or ati bonds, in credit suisse will get nothing. that s more than 15 billion euros written off. it spooked the whole ati bond market which is worth more than 200 billion euros. let s discuss this in more details with dan kemp, global chief investment officer at morningstar investment management. why is the burning of these bondholders so controversial? that
fredricka reynolds used to do all the flowers for the weddings, but in an instant, that key part of her business was snatched away. they rang me on the thursday before the asylum seekers came on the monday, and cancelled all my weddings for the foreseeable. that s a huge amount of work and income to me. and she told me it s notjust the loss of thousands of pounds. me and my boys used to go swimming every saturday there. i ve got two little ones and every time we drive past there, they want to go swimming and, unfortunately, that s closed now. because of the small boats crossing the channel, the number of asylum seekers in hotels has gone from 3,000 to 51,000 in just three years. it s the government policy that almost no one is in favour of not even the government and it s costing the taxpayer £6 million a day. daniel sandford, bbc news, kegworth. more than 100 metropolitan police officers, who are being investigated for domestic abuse or sexual misconduct, are being allo
and return to israel. in the past hour, french president emmanuel macron said he would head to doha to push for a new truce. he said israel s goal of destroying hamas risked decades of war . this is the scene looking across northern gaza. a convoy of humanitarian aid has crossed into gaza for the first time since thursday. palestinian red crescent said it received the convoy. fighting restarted on friday morning after the seven day ceasefire, with the sides blaming each other for the collapse of the truce. a spokesman for the israeli military said they were now hitting hamas targets all over the gaza strip. there have been israeli air strikes in north western gaza and khan younis in the south where hundreds of thousands of people fled earlier in the war to escape fighting. this is live, outisde nasser hospital khan younis, a city in southern gaza. the hamas run health ministry say at least 193 people have been killed and more than 650 people injured since fighting restarte
their gas after months in advance. qatar, the world s biggest natural gas supplier, cautioned some of these numbers saying that some of the factors involved in this where week economy in europe and a mild winter. with the energy minister saying the worst is yet to come. europe s biggest economy germany has entered into recession after contracting by 0.3% in the first three months of the year. as the economy continues to be hit by a surge in energy prices in the wake of russia s war in ukraine. the economy contracted by 0.5% in the last three months of 2022 giving two consecutive months of negative growth the definition of a technical recession. three of britain s most prominent trade union leaders have given the bbc exclusive access to follow them behind the scenes through an unprecedented year of industrial action. the two part bbc panorma series follows the leaders of the royal college of nursing, the national union of rail,