hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far the markets seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. and other stocks are up too. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly
hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far things seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly and remove their funds from banks
the story any specific plans. ads, the story any specific plans. slight correction, the water that has been proposed to kill them is actually at minus three degrees, so icy and a method used, kind of used all over the but increasingly being seen as not good for welfare, so you ve got various organisations including the world 0rganisation you ve got various organisations including the world organisation for animal health, who does not recommend it as a method of killing. you also have supermarkets like tesco and morrisons moving away from accepting fish that are killed in this way. that is the method of slaughter that has been revealed in these documents, if this octopus farm goes ahead. the wider context is that 0ctopus are eating all over the world, many people love eating them. but people are starting to understand how intelligent they are! what these documents do reveal is that there are certain issues and these animals are solitary by nature
this is bbc news broadcasting in the uk and around the globe. our top stories. european markets rally after the swiss national bank bails out credit suisse to save it from collapse. uk chancellor, jeremy hunt, insists his budget will get people back to work and won tjust benefit the rich saving for retirement. the leaders of south korea and japan meet for the first time in 12 years, seeking to set aside historic differences. check before you travel rail workers in the rmt union strike again over pay, jobs and working conditions. a plan to build the world s first octopus farm in spain s canary islands raises concerns among scientists over the welfare of the famously intelligent creatures.