welcome to our viewers on pbs in america and around the globe. the swiss central bank has agreed to provide a loan of more than $50 billion to the troubled banking giant, credit suisse, if needed. shares in the bank have plunged 24%, sparking a wider sell off in european stocks, which closed down more than 3%. it comes days after the failure of silicon valley bank in the us. our correspondent, michelle fleury, has more. hopes that the problems of us banks would stay in the us have not panned out. shares in switzerland second largest bank credit suisse dropped to record lows. we should point out that credit suisse is a bank that has been terminal for years. credit suisse is a bank that has been terminalfor years. as one analyst put it it has been a slow moving car crash. two new things have happened to spook investors. the bank said there was material weakness in its financial reporting and its top supporter ruled out lending it any more money. all this adds to concerns about
a very warm welcome to the programme. we begin here in the uk. it is the morning after that budget. the chancellor has insisted his first budget is transformational and will get people back into work. jeremy hunt set out major changes to pensions and benefits, as well as an expansion of free childcare in england, all designed to boost economic growth. the new pension tax rules will allow higher earners to save more into their pensions, tax free. the opposition labour party has said it s the wrong priority for the wrong people. emma simpson reports. at this nursery in south east london working parents like charlie love the idea of 30 hours of free childcare for those nine months and over in england. her daughter, dorothy, will hopefully qualify. will hopefully qualify. other to - line, will hopefully qualify. other topline, ecstatic, will hopefully qualify. other topline, ecstatic, i ve - will hopefully qualify. other topline, ecstatic, i vejust i topline, ecstatic, i v
baraputri told us more. early in the morning indonesians were shocked by the deaths of dozens of people at a stadium in malang city, called kanjuruhan stadium. that night there was a match between two football club rivals and looking at the history of the unruliness of the supporters of both football clubs, the match that night was only allowed to be attended by the home supporters, which was the arema football club. arema that night lost the match and then not long after the game ended, supporters went onto the pitch to express their disappointment while players were still there. the fans actions were met by force by the police, and witnesses said that the police punched and kicked the supporters and the supporters fought back. the tension escalated.
arema that night lost the match and then not long after the game ended, supporters went onto the pitch to express their disappointment while players were still there. the fans actions were met by force by the police, and witnesses said that the police punched and kicked the supporters and some supporters fought back. the tension escalated. after that the police fired tear gas not only on the supporters at the pitch but also at the people on the stands. this caused people to run and scramble to find the exit gates, only to find that they were locked. this caused the deadly stampede. in the end, 135 people were killed at the stadium and at the hospitals, and more than 600 people were injured. and this is one of the deadliest stadium tragedies in the world s football history. german football fans clashed with italian police on wednesday evening, after eintracht frankfurt
says. rise of china and as china says. it rise of china and as china says. it is rise of china and as china says, it isjust becoming impossible to ignore. thank you to ou impossible to ignore. thank you to you both impossible to ignore. thank you to you both very impossible to ignore. thank you to you both very much. - in indonesia verdicts will be handed down on thursday for three police officers charged with negligence over a deadly stampede in a football stadium last year. indonesia s human rights commission has said police officers firing tear gas into the crowds was the main cause of the fatal stampede at kanjuruhan stadium, in which 135 people were killed. early in the morning indonesians were shocked by the deaths of dozens of people at a stadium in malang city, called kanjuruhan stadium. there was a match between two football club rivals and looking at the history of the unruliness of the supporters of both football clubs, the match that night was only allowed to be a