let s start with a major resignation in the world of banking. the boss of credit suisse antonio horta osorio has stepped down after being investigated by the bank s board for breaching covid 19 quarantine rules. horta osorio had only been in the role for eight months and had promised to restore the swiss bank s reputation following a spate of high profile scandals. credit suisse has already announced axel lehmann will be its new chairman. joining me now is russ mould, who s a investment director at aj bell. good morning to you. for those of us good morning to you. for those of us in good morning to you. for those of us in financial news we know this man of us in financial news we know this man very well, a former ceo this man very well, a former ceo of this man very well, a former ceo of lloyd s and other banks. are you ceo of lloyd s and other banks. are you surprised to hear this? in a way it is a terrible shame because mr horta osorio did a fantasticjob at b
president xi jinpeng to visitng us president xi jinpeng visiting us business leaders as he tries to breathe fresh life into the world s second biggest economy. that s despite the continuing tensions between the us and china. on tuesday, china complained to the world trade organisation about what it says are unfair subsidies the us is giving to electric carmakers. and recently washington said it was investigating possible national security risks of cars made in china. these are just the latest in a series of troubles which mean trade between the world s two biggest economies fell 17% last year to $575 billion. the domestic challenges facing china s econonomy have led beijing to set a target of 5% for growth this year. and so it desperately needs investment from abroad, even though that shrank 8% last year. here s a bit of what president xi told those visiting us chief executives. translation: differences will always exist, this - is because people are different, and even peopl
but it is still above the target the bank of england sets itself of 2%. and people across the country are still feeling the effects of higher prices despite claims by the prime minister that the economy is on the road to recovery. let s cross live now to chris williamson, chief business economist at s&p global market intelligence. always good to see you. we will find out if there is any move. while we are not expecting the headline figure to change, we might start to get a sensejudging on figure to change, we might start to get a sense judging on the rating split whether we are going to see those rate cuts many have already factored in. those rate cuts many have already factored in- factored in. indeed, yes, it is all ofthe factored in. indeed, yes, it is all of the communication factored in. indeed, yes, it is all of the communication we - factored in. indeed, yes, it is all of the communication we are - factored in. indeed, yes, it is all- of the communication we are
hello and welcome. we begin today in the us. president biden has condemned the killing of four people at a birthday party in alabama this weekend as outrageous and unacceptable . the country s latest mass shooting happened at a 16th birthday party in the town of dadeville. on sunday night, people gathered for a vigil to remember the victims of the shooting. 28 other people were injured, several critically. so far, there s been no information whether any suspect was killed or arrested. jessica parker reports from dadeville. what happened 7 confusion and fear the almost routine eruption of gun violence in america but uniquely devastating for a small community in rural alabama after a shooter opened fire at a 16th birthday party. police tape quietly hiding what you then can hear, the sound of horror and grief. wailing. four lives were lost in the tragic event that occurred here in dadeville. as far as the injuries, there are 28 individuals that were injured during the cou