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hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far the markets seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. and other stocks are up too. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very q ....
hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far things seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly and remove their funds from ....
through his controversial pension reforms. we start with increasing warnings from western governments over the use of the chinese social media platform, tiktok. today the british government banned it on all government and civil servants devices. take a listen. we re also going to ban the use of macro when devices. we will do so with immediate effect. mr speaker, this is a precautionary move. we know that there is already use of tiktok across government, but it is also good cyber hygiene. on the face of it the app might not look like a threat to national security. it s exploded in popularity as a platform to share short videos of viral dances and comical voice overs. and has become a part of today s youth culture. tiktok claims to have more than one billion monthly users worldwide. and last year it was the most downloaded app in the world. the app is owned by the chinese company byte dance. and that s what s worrying governments. because the app can collect data store ....
rachel: we should have you guys wear that will: right now they re going, more? if has the camera not cut off yet? [laughter] pete: we have a renaissance fair on fox square. rachel: i will just say if i showed that to my son patrick and you guys have met him, he s 6 going on 7, like, he d be all in. he d be, like, we re going to see that? yes. pete: absolutely. rachel: because that s kind of what he does in the living room with himself pete: i know. he wants to fight his sisters, but they re not really interested. will: is that a time period that does it for you? the. rachel: i love it. pete: for some reason, my mom loves that time period. she d take us to the remember nance fest renaissance festival every year. we kind of made fun of her for it, but it s an escapism rachel: yeah. i ve never been to one ril. will: i don t know if you can hear it at home rachel: if you go to one, you re, like, immersed in this, and you re like pete: yeah, it s a village. you ....
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