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BBCNEWS World Business Report July 6, 2024

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 ....

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BBCNEWS BBC News July 6, 2024

fredricka reynolds used to do all the flowers for the weddings, but in an instant, that key part of her business was snatched away. they rang me on the thursday before the asylum seekers came on the monday, and cancelled all my weddings for the foreseeable. that s a huge amount of work and income to me. and she told me it s notjust the loss of thousands of pounds. me and my boys used to go swimming every saturday there. i ve got two little ones and every time we drive past there, they want to go swimming and, unfortunately, that s closed now. because of the small boats crossing the channel, the number of asylum seekers in hotels has gone from 3,000 to 51,000 in just three years. it s the government policy that almost no one is in favour of not even the government and it s costing the taxpayer £6 million a day. daniel sandford, bbc news, kegworth. more than 100 metropolitan police officers, who are being investigated for domestic abuse or sexual misconduct, are bein ....

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BBCNEWS Unspun World with John Simpson July 7, 2024

that this will bring us closer to nuclear war? in the event that those territories are attacked by ukraine, we ve been warned that the nuclear doctrine applies. russia s way of fighting its war with ukraine has been pretty chaotic so far. but does that mean that vladimir putin might actually be pushed aside at some point? the youngsters, they are going to start questioning this policy and this worldview pretty soon, especially when we see the failures on the front line and more body bags arriving into the country. and kenya has a new president, a village lad who has made it to the very top. but how worried should we be about all the allegations of corruption against him? he called himself, styled himself as the hustler who rose from nothing. but that puts a lot of pressure mr ruto, because he has to deliver. so, russia s referendums in the four areas of ukraine that it s taken over have resulted in votes to join russia which are estimated at up to 99.2%. i suppose if yo ....

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BBCNEWS The Context with Christian Fraser July 7, 2024

picture on casualties. the danger is real, to state the obvious, please obey all warnings and directions from emergency officials. tonight with the context, the former labour mp caroline flint and the former senior adviser to george w bush ron christie. hello, welcome to the programme. by every measure, the kremlin s war in ukraine is a collosal failure. after six months of conflict russia has a tenuous hold in the east, it has full control ofjust one city, kherson. and for that, they have sacrificed their economy, and tens of thousands of russian soldiers. but tomorrow, in moscow, they will try to justify it, as a liberation. in red square, they have built a stage, for a ceremony, in which they will officially add, four ukrainian territories to russia. in moscow, president putin, will meet his kremlin appointed administrators from those regions, who claim ukrainians voted overwhelmingly to be subjugated. it promises to be a kafkaesque performance, but then so was the premi ....

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BBCNEWS World Business Report July 7, 2024

the cost of a shipping container has slumped since last year. is it a warning sign of a global recession on the horizon? well, we start here in the uk, if you can see me, i am at a slight distance. i m going to sit back down. the cameras aren t playing with us nicely this morning, so let s sit back down and we will start the programme again. let s pretend that didn t happen, shall we? 0k. welcome to the programme. we start in the uk whether has lodged a controversial new push for oil and gas exploration in the north sea. nearly 900 blocks are offered exploration with as many as 100 licences to be awarded. the government says it will burst energy security and support skilled jobs. but the decision is at odds with international climate scientists who say fossil fuel projects should be closed down, not expanded. it comes as households are warned they could face a rolling electricity blackouts this winter if problems with gas suppliers deteriorate further. national grid, ov ....

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