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
through his controversial pension reforms. we start with increasing warnings from western governments over the use of the chinese social media platform, tiktok. today the british government banned it on all government and civil servants devices. take a listen. we re also going to ban the use of macro when devices. we will do so with immediate effect. mr speaker, this is a precautionary move. we know that there is already use of tiktok across government, but it is also good cyber hygiene. on the face of it the app might not look like a threat to national security. it s exploded in popularity as a platform to share short videos of viral dances and comical voice overs. and has become a part of today s youth culture. tiktok claims to have more than one billion monthly users worldwide. and last year it was the most downloaded app in the world. the app is owned by the chinese company byte dance. and that s what s worrying governments. because the app can collect data stored on t
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
The Unraveling of Swiss Giant’s Financial Empire Credit Suisse, was a leading Swiss financial institution that traces its origins back to 1856 when its…