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 banks
when relations were particularly several between japan when relations were particularly several betweenjapan and south korea back in 2019, japan sought export reductions in some of the chemical south korea needs to build it semiconductors. we knew from the south koreans are going into this meeting that this was the key priority for them today. this was the concrete thing that they want it sorted, we have heard thatjapan has agreed to lift these restrictions on south korea, on these chemicals coming into south korea, and as a result, south korea has agreed to withdraw the complaint it had been to the world trade organization. this is a small amount of progress and hopefully there will be more to come, the summit was really about the two sides trying to re establish some of the trust that has been broken over the years. another thing we heard the leaders say was that they have agreed to meet more frequently in each other s countries, so resuming the diplomacy we would expect to see from