live from london, this is bbc news. avoiding another banking crisis: us regulators race against the clock to find a buyerfor troubled first republic bank, whose shares plunged last week. more protests in france as unions call for further strike action against the government s pension reforms. and solving london s housing crisis: we ll tell you how one community is building its own solution by selling affordable housing to the locals. hello. i m mark lobel, here with your top business stories. let s start in the united states, where us regulators are racing to find a buyer for the troubled first republic bank. the federal deposit insurance corporation has reportedly asked six banks to bid for the lender, and wants a deal in place within the next 2a hours. shares in first republic plunged last week after it admitted customers had withdrawn $100 billion in deposits in march. at that time, its competitor silicon valley bank had collapsed, prompting fears of a wider banking crisis
disaster. a ceasefire has been extended for 72 hours but has failed to stop it clashes. the un secretary general is sending an envoy to sudan to co ordinate operations. fighting has entered iii week. extracts can link you to counter the capital despite the truce aimed at allowing civilians to flee. the army said it was attacking the city to flush out its paramilitary rivals rapid support services. more than 500 deaths have been reported with the true number of casualties much higher. millions more remain trapped in khartoum. the first aid flight has arrived in the country. the international committee of the red cross said a plane landed at port sudan with a tons of relief supplies including health kits for hospitals. joining me now to discuss the humanitarian side to this conflict is craig recommend, the chief of aid international. what is the current humanitarian situation there? the situation is grave indeed. we are very worried about the supply you just reference. we are w
weather max second largest economy grew faster and expected in the first quarter, thanks to robust consumer spending after lockdowns were lifted, but factory output has lagged due to weak global growth and this raises questions about the sustainability of china s recovery. we have a market strategist here, she says the numbers show how uneven china s recovery has been. it is numbers show how uneven china s recovery has been. recovery has been. it is a recovery has been. it is a pretty dire recovery has been. it is a pretty dire set recovery has been. it is a pretty dire set of - recovery has been. it is a l pretty dire set of numbers. recovery has been. it is a - pretty dire set of numbers. it has against come down below expectations but the bigger shockis expectations but the bigger shock is on the manufacturing side, it kind of shows how uneven the recovery is in china. i think two things are really worth noting here, first we are coming from a strong first quarter whe
to use health services wisely. it s seven in the morning in singapore, and 1:00 in the morning in the sudanese capital, khartoum where the two rival military factions have announced a new ceasefire, but are showing no sign whatsoever of stopping their fighting in the capital khartoum. the united nations and african union are warning that the people of sudan are in dire need of a humanitarian truce. thousands of people are still trying to get out of the country. our africa correspondent, andrew harding, has been speaking to some of them. we are crossing the red sea, heading towards the coast of sudan. a night time rescue mission organised by saudi arabia s navy. it s not quite dunkirk, but many warships and ferries are now involved in this giant evacuation. tight security as the lights of port sudan gleam on the horizon. we head to shore on a smaller tug boat, to the edge of a country consumed by conflict. we arejust coming in now to port sudan. it s a huge place and a big cit
report found that mr sharp failed to properly disclose his involvement in facilitating a loan of almost $1 million for the uk s former prime minister borisjohnson. this morning mr sharp released this statement. have a listen. missed to store s view is that while i did breach the government s code for government appointments he states very clearly that a breach does not necessarily invalidate an appointment. indeed, i have always maintained breach was inadvertent and not material which the facts he lays out substantially at mr heppinstall. the secretary of state consulted with the bbc board who support that view. nevertheless, i have decided that it is right to prioritise the interests of the bbc. i feel that this matter may well be a distraction from the corporation s good work where i had to remain in post until the end of my term. i have therefore this morning resigned as the bbc chair to the secretary of state and to the board. state and to the board. that s richard sh