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
with only around one in ten services running, as 50,000 workers stage a walk out in the biggest rail strike so far over pay and conditions. the action is getting stronger and the public is behind us so we are committed to it, we want a resolution and if the government can change their attitude, we can get a resolution very quickly. making landfall in the us for a second time hurricane ian strikes south carolina with heavy rain and powerful winds after leaving a trail of devastation in florida and cuba. and, demand for world cup stickers reaches fever pitch in argentina as a shortage of cards kicks off massive queues while others come up with some inventive alternative ways of filling their album. hello and welcome if you re watching in the uk or around the world. president volodymyr zelensky has said that ukraine remains determined to liberate all of its territory, despite vladimir putin s declaration that four occupied regions are now part of russia. in his nightly address
over the drone, these pictures are from the us air force, we hope to speak to our defence correspondent to get more analysis on what we are seeing and what its implications are. passengers are being warned to check before they travel today, as rail workers in the rmt union take part in another strike over pay, jobs and working conditions. between a0 and 50% of services are expected to run but there will be wide variations. here s our transport correspondent katy austin. sharon from grimsby relies on the train to get to specialist medical procedures in london every few months. today s strike meant rearranging an appointment. i was very cross, really upset and i just wish they d get it sorted. thousands of rail workers, such as guards, are walking out at companies which operate train services. many operators will run a very limited service. the rmt has rejected a 5% pay rise for last year and 4% this year and it opposes some
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