over the black sea. britain becomes the latest country to ban the chinese owned video sharing app tiktok from government mobile phones. the uk government has reached an agreement with health unions over a new pay dealfor nhs staff in england. the deal aims to bring to an end a winter of industrial action which has seen nurses, ambulance staff and physiotherapists all go on strike. the offer includes a rise of 5% for the next financial year starting in april and covers all nhs staff except doctors, who are on a different contract. for this year staff have been also offered a one off payment. members will now be consulted over the coming weeks and strike action paused. the uk health secretary steve barclay has been speaking in the last few minutes, here s what he had to say. the government has made a formal offer, just come at a meeting, i m pleased they ve agreed to recommend to their members, it will be for a 5% pay rise next year, 2023 24, but also an additional lump sum
and his supporters. we start with the troubled global banking sector. european markets have closed down more than three percent, spooked by a major sell off of shares in the swiss banking giant, credit suisse. coming days after the collapse of us based silicon valley bank, it s prompted fears of a full blown crisis in the sector. let s take a look at the damage at the close in europe today. shares in credit suisse plunged to a record low, falling 24%. that came after its biggest investor said it could not give the bank any more financial help. here in the uk, the insurer prudential tumbled 10%, and the high street bank barclays, 8%. the plunge by banking stocks left london s ftse 100 down almost 4% at its lowest level this year. it was the index s worst one day performance since the start of the covid 19 pandemic. taking a closer look at credit suisse today was the second day of sharp falls for its shares after the swiss bank yesterday disclosed that its auditor had identif
mischievous asia s richest man hits back against us traders who raised doubts about his finances, wiping $10 billion off his companies share prices. and never too late to influence why brands are seeking out older people to push their products hello. we start here in the uk, where in a few hours time the government s finance chief chancellor of the exchequerjeremy hunt will announce plans to boost the economy and tackle the country s poor productivity. central to those plans, freeing the city of london s giant insurance firms from eu rules on how much cash they have to keep in reserve. they say it could release 100 billion pounds to invest in things like clean energy and infrastructure. mr hunt will also warn against an attitude of declinism amid accusations from business that post brexit uk is in danger of getting left behind in an increasingly competitive world economy. the future looks very uncertain because you have that ira, the 350 billion dollars been spent in
we begin in the us, where time is ticking for tiktok. the chief of the social media app shou zi chew was grilled by us lawmakers over a range of issues, mostly related to the company s chinese ownership. his appearance before the congressional committee comes after the biden administration threatened to ban the social media app if the company s chinese owners didn t sell their stakes. tiktok is wildly popular in the states it has 150 million american users, which includes almost five million businesses. well, our north america business correspondent michelle fleury has been following the story in washington dc and sent this report. it was never going to be easy but from it was never going to be easy but from the moment the committee chairman opened the hearing. committee chairman opened the hearing, calling for tiktok to be banned in the united states, there be banned in the united states, there was be banned in the united states, there was no let up. the tiktok ceo