and in half an hour, two people are arrested at a demonstration in kings cross station this evening, as police prepare on newsnight at 10:30pm, as hezbollah s hassan nasrallah stops short of declaring all out war on israel over gaza, a pentagon spokesman tells us a broader regional conflict has been deterred. good evening from jerusalem. israel has this evening said it struck an ambulance in gaza city, which it said was being used by hamas. the health authority, which is hamas run, says it was part of a convoy carrying wounded people from the besieged north to the south of the territory. israel began bombing gaza after hamas, designated as a terrorist organisation by the uk government, killed more than 1,400 people in israel and kidnapped over 200 others. the health ministry in gaza says more than 9,000 people have been killed in the strip since then. today, the leader of the lebanese islamist group hezbolah, which is also classed as a terrorist group by the uk government, ma
election, france s new president emmanuel macron looks set to win a landslide in the country s parliamentary elections. can he pushed through the major reforms that you promised voters, including cutting spending and overholding france s strict laws. do you still trust the politicians? do they deliver on their promises? or do they just say what you want to hear to win your vote? let us know, use the hashtag bbc business live. a very warm welcome to the programme. do get in touch with your thoughts. the prime minister has formed a new government, and today she will be holding her first cabinet meeting says the election. senior ministers reappointed by theresa may have publicly given hubbard backing, but several are reported to have demanded greater influence in return for their support. meanwhile, the uncertainty caused by the general election has led business confidence in the uk to sink through the floor. that is according to a lobby group that did according to a lobby group
now it s time for world business report. hit by the eu profits fall at google‘s parent company alphabet, after a huge fine levvied by the european union. and bitcoin what s it for? well, now you can use the cryptocurrency to pay for art. all will be explained. welcome to world business report. i m rachel horne. in a minute sharanjit will tell us how sk hynix increased its profits by more than 500%. three of the world s most valuable internet firms release their latest numbers this week. the biggest by far is google‘s alphabet, which has just reported a 21%jump in revenues. that was better than expected but there was less cheer on the when it came to earnings. net profit fell 27.7% to $3.5 billion. hitting the bottom line was a $2.7 billion fine issued by the european commission injune. it ruled the firm abused its power by promoting its own shopping comparison service in it s search results. google says it may appeal. but, alphabet‘s shareprice fell 3% in after hour
we ll be talking to the winners and losers. and who would you trust with your bank account. we will need one london digital bank that promises a new way of managing your money. we ask what would be the one thing you change about the bank you use, cheaper loans, better interest rates, faster service? let us know. .just use the hashtag bbcbizlive. hello and welcome to business live. good to have you with us. banking is dominating the programme today, get in touch with your thoughts. we are talking about europe s biggest bank, hsbc. one of the world s biggest banks, hsbc, has reported its latest set of earnings and if you re a shareholder you are going to be very pleased with what they have to say today. the bank made a pre tax profit of $5.28 billion in the second quarter of the year that s more than the $4.6 than the $4.6 billion that analysts were expecting. hsbc announced a share buyback of up to $2 billion as it looks to make the most of its huge cash pile. the move will