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Transcripts For BBCNEWS World Business Report 20240706

giant has revealed results for the first quarter of this year. the last quarter before it had to be rescued by its swiss rival andy illustrate the scale of the crisis which was around the corner. betweenjanuary and march, credit suisse made a pre tax loss of nearly one and a half billion dollars and to add to its woes, a massive amount of deposits were withdrawn in that three month period. total output was nearly $69 billion and to remind you what happened next, there were fresh doubts about the stability of the wider banking industry, just a few weeks ago investors became increasingly fearful for the future of credit suisse, it was eventually bought by the swiss rival in what was described as an emergency rescue. the $3 billion price tag a mere fraction of what the bank would have been previously valued. this crop looked cross live to the head of investment at interactive investment. for being with us. what s interesting is that we also heard from credit suisse today that wi

Transcripts For BBCNEWS Verified 20240703

Helped ease overall price rises in many countries, but there are concerns that a jump in crude could once again stoke inflation. So, governments are seeking alternatives, while still trying to balance the short term need for oil. Those alternatives could also help tackle Climate Change and keep global temperature rises to 1. 5 degrees above pre industrial levels. Just last week, the International Energy agency renewed its assertion that no new gas and oil projects were needed if the world was to meet that goal. Opecs Secretary General told my colleague, sally bundock, that the group doesnt agree. We have always, at opec, talked about the concern we have for future under investments, as some have called for stopping investment in oil. We believe this is equally dangerous. This will lead to volatility in the future, possibly supply shortages. And therefore, we at opec have always advocated for the importance of continuing to invest in the oil industry, as we also invest in decarbonising

Transcripts for BBCNEWS World Business Report 20240604 10:34:00

joining us today. it s ten years now since the safety of bangladesh s garment industry was put into the spotlight after more than 1100 people died and thousands more were injured when the rana plaza factory complex collapsed. the disaster in the capital was the worst accident in bangladesh s history and exposed poor safety standards and regulation address questions over the responsibilities of big retail brands, given their push to keep prices for consumers as long as possible in the area of fast fashion. our south asian regional editor was based there at the time of the disaster and reported extensively on it for bbc news, but then and since then. thank you for joining us today. how is the anniversary being marked there? and what lessons have been learned, comedy thing? it what lessons have been learned, comedy thing?

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