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Transcripts For BBCNEWS Outside Source 20240706

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

Transcripts For BBCNEWS World Business Report 20240707

Another day and another announcement is expected from the chancellor, this time about the timing of his Medium Term Plan for the economy. As Kwasi Kwarteng says, he is listening and the much awaited detail on his radical measures to boost Economic Growth will now come sooner, possibly this month. The government had previously insisted the fiscal plan would still be published on November The 23rd despite the market chaos that came with the announcement of the chancellors mini budget. On monday, he revealed a plan to drop the uks highest rate of tax for top earners would no longer go ahead and addressing his party conference, he acknowledged shortcomings in the initial presentation of his economic plans. Ifi if i can be frank, i know the plan put forward only ten days ago has caused a little turbulence, i get it, i get it. We are listening and have listened and now i want to focus on delivering the major parts of our growth package. Because with Energy Bill Skyrocketing and a Painful Cov

Transcripts For BBCNEWS World Business Report 20240707

another day and another announcement is expected from the chancellor, this time about the timing of his medium term plan for the economy. as kwasi kwarteng says, he is listening and the much awaited detail on his radical measures to boost economic growth will now come sooner, possibly this month. the government had previously insisted the fiscal plan would still be published on november the 23rd despite the market chaos that came with the announcement of the chancellor s mini budget. on monday, he revealed a plan to drop the uk s highest rate of tax for top earners would no longer go ahead and addressing his party conference, he acknowledged shortcomings in the initial presentation of his economic plans. ifi if i can be frank, i know the plan put forward only ten days ago has caused a little turbulence, i get it, i get it. we are listening and have listened and now i want to focus on delivering the major parts of our growth package. because with energy bill skyrocketing and

Transcripts For MSNBCW Way 20240702

mar-a-lago is worth $18 million. mar-a-lago is worth probably 15 to 100 times more than that and it s a terrible thing. at the end of the day the documentary evidence demonstrated that, in fact, he falsely inflated his assets to basically enrich himself and his family. he continued to persistently engage in fraud. the numbers don t lie. donald trump as new york attorney general letitia james after another combative day in court for the former president. we ll recap trump s testimony and get expert legal analysis in just a moment. also ahead israeli prime minister benjamin netanyahu continues to reject calls for a cease-fire but appears to be open to some pauses in the gaza offensive. plus, it is election day in america. we ll break down some of the key races across the country. good morning and welcome to way too early on this tuesday, november 7th. eit is election day. don t forget to vote. i m jonathan lemire. thanks for starting your day with us. and we ll begin

UBS Rehires Sergio Ermotti As Its CEO To Oversee Credit Suisse Merger

UBS Group AG has called back its former Chief Executive Officer Sergio Ermotti to lead the Swiss banking giant amid the new challenges and priorities it faces following its planned acquisition of troubled domestic rival Credit Suisse Group AG.

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