there were sharp losses in early trading, although banking stocks have since rebounded slightly. ubs is currently up 3.5% let s take a look now at how the markets are performing more broadly. trading began in the us an hour ago. we can see the dow is up, the snp 500 also on 5.2%. in asia and in europe, there was some initial fright taken by investors, particularly because certain bondholders in credit suisse have lost all the value of their investment, but by the middle of the trading day most european indices were trading positively again. now, one aspect of the deal was that any investor holding additional tieri bonds, or ati bonds, in credit suisse will get nothing. that s more than 15 billion euros written off. it spooked the whole ati bond market which is worth more than 200 billion euros. let s discuss this in more details with dan kemp, global chief investment officer at morningstar investment management. why is the burning of these bondholders so controversial? that
Rishi sunak pays tribute to the three british aid workers killed in the attack describing the deaths as an awful, awful tragedy as politicians in the uk call for an arms embargo. Dozens remain trapped in road tunnels in taiwan after the biggest earthquake there in 25 years. At least nine people have died, with more than 800 injured. And the president of botswana threatens to send 20,000 elephants to germany in a dispute over conservation. Time for a look at the Business News now. Good afternoon, a quick look at our top stories. Energy leaders are faced with multiple diverse challenges on the path to net zero. Amongst them are ensuring energy security, affordability and delivering wider economic goals right around the world. In particular, Global Energy systems are showing signs of deficiencies and strains everywhere. These are the findings of the 2024 World Energy Issues monitor, a Major International survey by the world energy council. Dr Angela Wilkinson is secretary general and c
World central kitchen released these pictures of the seven aid workers killed when a Convoy Carrying Staff from the charity was hit on monday. Three british men john chapman, James Henderson and james kirby were among them. They were working as security advisers. Israel said the strike was unintended and promised to investigate. The family Ofjames Kirby one of the three british nationals killed in the strike have released a statement. They said they were heartbroken and that. Weve also heard from the family ofjohn chapman. They said. The bbc has been hearing from james kirbys cousin adam mcguire. He was completely selfless, which explains why he went to gaza. His experiences in the british army when he served in bosnia and afghanistan, he served in bosnia and afghanistan, he knew the dangers, he was no fool. And people were telling him, this could be very dangerous for you. But he knew the dangers. He was selfless in that regard and he jUst Wanted To Help people. In that regard and he
Playinglls a hostile is and fighter jets if it was claimed in addition to produce in exercises. North korea increased its opposition in south korea. Global news 24 hours a day powered by more than 2600 journalists and analysts in 120 countries. This is bloomberg. Live from bloomberg bloombergs will hike in new york, im scarlet fu. Joe i am joe weisenthal. Matt i am matt miller. Scarlet Jabil Circuit case for connotative monitoring policy. Matt at a speech in new york, vice chair Stanley Fischer said Government Policies can hardly counteract the impact of the games that could be holding back u. S. Economy and weighing on Interest Rates. Tugofwar been in a lately over whether the company and continue to add subscribers or if it has hit a wall. Bank of America Today reporting its best Third Quarter for fixed income trading in five years, labonte trading revenue continue to be a bright spot for Goldman Sachs tomorrow. Scarlet lets look at where the major indexes stand. We are still down bu
Moral price to be paid for americas addiction to cheap stuff. Everything from clothes to food to gas, the cost is paid mainly by the men and women who sell cheap stuff. But struggle to pay their bills. Meanwhile, increasingly cheap technology is creating a shared economy that offers value and convenience to consumers, but it has potentially troubling consequences for limo drivers, hotel owners and others. Today i am going look at how some companies and cities are responding to the high cost of cheap. The then well look at some of the painful side effects of a world thats a wash in cheap oil and finally, ill examine how technology has made talk so cheap and powerful but social media has become a weapon of public shaming that can cost someone their job. But first, not everyone is satisfied with mcdonalds attempt to address of high cost of cheap. This week the burger chain said it will boost the minimum wage for 90,000 workers at stores it owns and operates. Average pay for those workers