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BBCNEWS BBC News July 6, 2024

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 ....

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BBCNEWS BBC News July 6, 2024

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 ....

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BBCNEWS Outside Source July 7, 2024

her predecessor, borisjohnson, left downing street earlier this morning. we have some in depth analysis of the claims he made in his final speech later in the programme. in that final address at the downing street podium, he also urged the conservative party to unite behind his successor. it s time for politics to be over, folks. it s time for us all to get behind liz truss and her team, and her programme, and deliver for the people of this country. and behind me, here on downing street, we ve seen ministers we see brandon lewis going into number ten there. we heard boris johnson earlier, calling for conservatives to get behind liz truss and her team. and we re learning more about what her team is as the evening goes on because liz truss is in the process of appointing cabinet, that s why we re seeing a range of conservatives going in through the door and bit by bit, we are learning who liz truss s top will be. top team will be. we are getting details all the time of ....

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BBCNEWS BBC News July 7, 2024

for an immediate general election we don t have to go on like this. we can have stability and an economy that works for working people. that s why we need a general election. i m shaun ley. in other news today. the uk chancellor vows to do anything necessary to protect the economy, with government borrowing up and people shopping less a warning the health and social care system in england is gridlocked and unable to cope with the demand putting vulnerable people at risk. and we meet the first wild bison to be born in the uk for thousands of years. welcome to bbc news coming to you live from westminster. senior conservatives hoping to become prime minister have begun seeking support from fellow tory mps. liz truss resigned yesterday, though remains in downing street until a successor is appointed. speaking outside downing street, liz truss said she could not deliver the mandate on which she was elected. there will now be a fast tracked leadership election to decide who wil ....

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BBCNEWS The Papers July 7, 2024

hello, and welcome to our look ahead to what the papers will be bringing us tomorrow. with me are aubrey allegretti, political correspondent at the guardian, and former trade minister lord digbyjones. tomorrow s front pages, starting with. the telegraph leads on penny mordaunt pushing liz truss into third place in the conservative leadership race. so does the i, which says the trade minister is rattling her rivals. the times predicts she may even be the ultimate victor of the contest, with her grassroots popularity outstripping rishi sunak s. meanwhile, the mail says the tory right was under pressure to get behind third place candidate liz truss. the sun focuses on the narrowing race with the headline the six factor . the mirror has a different spin by accusing the candidates of ignoring the cost of living crisis, claiming people are using washing up liquid to clean their hair. meanwhile, the ft says inflation in the us is piling the pressure on the federal reserve, ....

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