Human tragedy there likely will be significant economic disruption and it is the policy makers ability to respond complicated by this world were living in with high inflation. In the past with conflict between israel and gaza are the central bank is often lowered Interest Rates but they havent been able to do that at they havent been able to do that at the moment because inflation is high so they have instead been focused on supporting their currency. Not beyond that there are broader global obligations i think the real concern is that the conflict missing now could escalate into stack to include iran which many have been reporting has been providing support and sympathy for the attacks. If iran gets dragged into a race this could have much more serious impacts on the Global Markets and pushed oil prices up even higher. Yes. The Global Markets and pushed oil prices up even higher. Prices up even higher. Yes, it is that contagion prices up even higher. Yes, it is that Contagion Effect p
Won the rutherglen and Hamilton West by election, in whats being seen as a key test of the partys ability to regain seats in scotland. Its candidate Michael Shanks secured just under 18,000 votes, more than double the total for katy loudon of the snp, who came second. The poll was triggered by the removal of the former snp mp Margaret Ferrier after she broke covid lockdown rules. 0ur scotland correspondent lorna gordon was at the count. Michael shanks, Scottish Labour Party, 17,000. Cheering. This was a stunning victory, widely forecast but not with a swing as big as this. It forecast but not with a swing as big as this. ,. ,. ,. , as this. It is time for change. That chan. E as this. It is time for change. That Change Cannot as this. It is time for change. That Change Cannot come as this. It is time for change. That Change Cannot come fast as this. It is time for change. That Change Cannot come fast enough. | as this. It is time for change. That Change Cannot come fast enough. But one
Here in bbc news. Eight residents of a florida nursing home have died after Hurricane Irma knocked out its power and air conditioning, when it hit the state on sunday. 115 other residents of the home were evacuated, a number of them were in critical condition. Police are now conducting a criminal investigation into the deaths. Sarah corker reports. A state of emergency at a nursing home in florida. Without air conditioning since Hurricane Irma hit, four days ago, police say the deaths at the home in hollywood hills, north of miami, may be related to high temperatures inside the building. A tragedy described by one florida senator as inexcusable. 115 elderly and vulnerable residents, some in significant distress, were taken to safety on wednesday. At this time we have other patients in critical care. Right now the building has been sealed off and we are conducting a criminal investigation inside. We believe as this time, it may be related to the loss of power in the storm, but we are co
Report with sally. Panic on the high street it was britains first bank run in 150 years. But a decade on, have the lessons of Northern Rock been learnt . Plus, the oil age may be ending, but what comes next . Toyota is betting on hydrogen. We will be hearing from the european boss at the frankfurt motor show. Hello and a warm welcome. I am sally bundock. This is World Business report. We start with an uncomfortable anniversary for the financial industry here in the uk. Exactly ten years ago today the bbc broke the news that high Street Lender Northern Rock had been forced to ask the bank of england for help. What happened next was an early sign of the Global Financial crisis to come. It had huge implications for the industry and led to major changes, but some say not nearly enough. So if we have a look at the scenes that were all over the screens. These were Northern Rock branches all around the uk. The news sparked the first run on a british bank in 150 years, with savers queuing to t
And its Rate Decision day in the uk today will we see a split in the vote to raise rates after a week of strong inflation data and falling unemployment numbers . What will it mean for rates . And from fishmonger to anti establishment media mogul well be speaking to the man behind the register website about hisjourney, and how he competes with the likes of facebook and google. And as the bank of england issues its new £10 note with jane austen on the back, we want to know, is cash still king for you . Do you still use cash . Let us know just use the hashtag bbcbizlive. A p pa re ntly apparently we have to give that £10 note note back, so no coffee on sally later. Exactly ten years ago today the bbc broke the news that high Street Lender Northern Rock had been forced to ask the bank of england for help. What happened next was an Early Warning that the Global Financial crisis was in meltdown. Those events prompted major changes in the Financial Services industry, but some say the subseq