and we will try to watch those throughout the programme but we will also look at some of the top business stories because they are developments in banking. first republic has failed in the us but it has been rescued and of course there are concerns about the wider banking industry and another us bank has collapsed and that has caused shock around the world. first republic will be taken over byjp morgan in a deal orchestrated by regulators and it has been under pressure for weeks as customers withdrew cash over worries about its future amid a rapid increase in interest rates. these coming just after the collapse of silicon valley bank. first republic has seen the deposits it held full sharply by more than $100 billion of the lost confidence in the bank and the rescue deal now meansjp morgan will take over $203 billion worth of loans and other securities from first republic. amid concerns about the health of the wider banking system, thejp morgan boss said this has helped to st
abhorrent and had previously been unaware of the claims. we can speak now to laurie at the international communications and financial world affairs commentator. she s in west london for us this evening. good to see you. a rather strange statement, suspending key activities can i suppose you have to understand what the cbi does to make sense of that. maybe you could explain it to les. the cbi is really one of the bigger lobbying groups that polices between business and government. cbi has had a bit of a reputational hit, even before all of these allegations. we will get to those in a moment. a lot of people were wondering whether the cbi had become, had lost its effectiveness, given the last governments attitude towards business. rehabilitated itself a little bit, couple of the things that cbi had been looking for, like childcare provisions did make it into the last budget, but that seems a different era now. so many company picnic companies have deserted the cbi the last coup
welcome back. the justice secretary and deputy prime minister has gone, but he has not gone willingly. in an unrepentant resignation letter today, mr raab said he wanted to keep his word that he would stand down if the report found against him but he claims the process was flawed and that it sets a dangerous precedent. we will dicuss that further tonight, with our panel the global trade expert rebecca harding and from california, republican, lanhee chen who was policy director for mitt romney s presidential campaign. and we could hardly have a better panel, for our deep dive tonight, into the profound changes we are seeing in world trade. there is new global map that has emerged since february last year, on which countries are dividing into two distinctive trading blocks. what does that mean for you and me. also tonight we are keeping our eye on the us supreme court, a ruling expected in the coming hours on the abortion drug mifepristone, after a court in texas suspende
i m across the city at the kayll road, one of sunderland s warm spaces as at survey conducted on the half of the bbc say many people are delaying putting the heating on this winter to try to save cash. the other main headlines this morning: a report on failings in maternity care at the east kent hospitals trust is to be published families have been warned it s likely to be harrowing. good morning. a terrific turnaround from crystal palace they come from behind to beat wolves in the premier league, with wilfried zaha s winner sending them up to tenth in the table. we are in for another unseasonably mild day across much of the uk and we also have some rain pushing up the western side of the country. the sunnier skies will be in the outer hebrides and parts of the southeast. i will have all the details later. good morning. it s wednesday, 19th october. welcome to the national glass centre here in sunderland. we are here to talk about the rising cost of living and how it s af
pioneering a new way to launch rockets on board a ship. welcome to our viewers on pbs in america and around the globe. the russian president has ordered a full investigation into the explosion that destroyed part of his country s only road link to the occupied crimean peninsula. vladimir putin has also ordered the russian secret service to ramp up security on the kerch bridge. ukrainian officials have welcomed the explosion without officially admitting responsibility. our russia editor, steve rosenberg, reports. it is the bridge the kremlin built. and it was under attack. an explosion at dawn. this was the result. russian officials claim a lorry had been blown up here and that the fire then spread to a fuel train. whatever the cause, you could see the damage. this is the bridge that links russia to annexed crimea, and parts of the road had collapsed into the sea. later, investigators announced that three people had been killed. they have opened a criminal case. the i2 mile lo