Hi there, thank you for being with us. We begin with some Breaking News from the brazilian city of belem, where leaders of eight South American countries which share the amazon have been meeting for a landmark summit. The leaders have issued a joint declaration, saying they have established a new alliance, aimed at preventing the amazon from reaching a point of no return. But leaders appear to have stopped short of pledging an end to deforestation by 2030, as brazils president lula, who is hosting the event, had hoped. Our South America Correspondent Katy Watson reports from para, which is the state with the highest Deforestation Rate in the country. Virgin forest still exists here in the amazon, but every day the illegal loggers get closer. From up high, you can see the damage done, the large patches of land totally cleared. This part of brazil has the highest rate of deforestation in the country. Underjair bolsonaro, Illegal Logging soared. President Lula Da Silva has promised to fix
Shares in Goldman Sachs fell 2 . The catalyst was moodys, downgrading the Credit Rating on several small and medium sized us banks, including mnt bank and pinnacle financial. The red flags raised by the Ratings Agency included a potential recession, as well as problems tied to the commercial real estate sector. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time, americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft, which reported results after the us market closed. Uber s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in ridesharing. Meanwhile, Electric Vehicle maker rivium posted a narrower lost than expeted and raised its Production Guidance for the full year. Meanwhile, Nin
but liz truss remains under pressure from the markets and her own mps. at a press conference in downing street, she acknowledged the market turmoil and said a rise in corporation tax would now go ahead. it is clear that parts of our mini budget went further and faster than markets were expecting. so the way we are delivering our mission right now has to change. called back from washington only to be fired the now former chancellor kwasi kwarteng in office for less than six weeks. his replacement, the former health secretary, jeremy hunt. he is the fourth uk chancellor since the summer. ~ , ., , ., summer. the prime minister has now been two planks summer. the prime minister has now been two planks of summer. the prime minister has now been two planks of her summer. the prime minister has now been two planks of her programme i summer. the prime minister has now| been two planks of her programme for government and her chancellor. the question tonight is can she surviv
Gathered behind me here, and we are waiting at this Convention Centre in birmingham for the official final declaration, so at the moment all we know is that Labour Sources are saying that they have won. If that is the case, that would be a huge coup for the party and for sir keir starmer, the incumbent conservative mayor andy street is still hoping, it has been hoping for a third term here, and it was very fought race, and throughout the day, both partys sources have been telling me that they believed it was a knife edge, they believed it was a knife edge, the result here. But as we are hearing from the labour party now, they believe they have pulled it off, and Richard Parker, their candidate, has won. I was down on the floor five minutes ago, Richard Parker was down there as were other members of the labour party, Jess Phillips mp as well. They had all just go down on the floor, we didnt really know why, but they all seemed fairly positive. Could that have been the first sign before