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Transcripts For BBCNEWS World Business Report 20240706

let s update you on the fallout following the collapse of silicon valley bank. injapan today shares in its biggest banks have dropped sharply as global markets react to the banking sector sell off in the us. despite a promise from us president biden that his government would do everything needed to maintain stability. on monday americans were lining up outside their branches to access their funds. some venture capitalists in california were seen taking out their money in cashier cheques worth millions of dollars. the volatility sparked by the collapse of svb has led to speculation the federal reserve will now pause its plans to keep raising interest rates, designed to tame inflation. our north america business correspondent, michelle fleury, reports from new york. what the hammock in the us banking sector means for the broader economy is to be seen but it s taking calculations about how america s fight against inflation maeve plouffe. economists at goldman sachs no longer exp

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Transcripts for BBCNEWS World Business Report 20240604 05:42:00

known, because of its benefit to american companies but it s benefiting vw? benefiting vw? absolutely. the ve benefiting vw? absolutely. they ve changed benefiting vw? absolutely. they ve changed how - benefiting vw? absolutely. l they ve changed how quickly benefiting vw? absolutely. - they ve changed how quickly in light of the inflation reduction act which has been announced which gives you an idea of subsidies they can look at for batteries. they are eight to ten billee dollars in europe of battery plants, hitting around $20 million of support. you see the appeal from that angle but you also see the appeal from the fact that if you wanted to tap into the american market, producing locally, readily heavily incentivised. this locally, readily heavily incentivised. , ., , incentivised. as ambitions in that direction. incentivised. as ambitions in that direction. i incentivised. as ambitions in that direction. i was - incentivised. as ambitions in that direction. i was going i

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