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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 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 ....
will be finding out what people make of the chancellor s announcement. there s big changes to pensions to encourage people like doctors to stay in work butjeremy hunt s plans prompt accusations his budget favours the rich. check before you travel. rail workers in the rmt union take part in another strike in their discpute over pay, jobs and working conditions. no miracle in madrid for liverpool as they lose their second leg against real and are knocked out of the champions league humbled 6 2 on aggregate. and we hear from kate middleton s childhood piano teacher, who s written a song for the nation to sing on king charles s coronation day. good morning. a much milder day for most of us today, compared to yesterday, but it is going to be cloudy with some showers, and longer spells of rain at times. the chancellor, jeremy hunt, insists his budget will get people back to work and won t just benefit the rich saving for retirement. his comments come after labour criticised his pla ....
daffodils in wales. and there is plenty of wet weather, muddy foot pads in lancashire and across the south west of england with rain across scotland as well. not a lot is set to change as we head through the rest of this week and into the start of next. still cloudy, mild and a lot more wet and windy weather to come in the forecast. this is today. you can see the rain starting today. you can see the rain starting to ease across scotland with a brisk south westerly wind and another cold front pushing slowly across england giving outbreaks of rain. south westerly wind, brisk towards western coasts dragging on mild air so temperatures away from the far north west of scotland are higher than they were yesterday. this afternoon in more detail without picks of rain across central and southern england was not the best of us sunshine today in north east england and temperatures peaking between 11 and 15. much higher than they were yesterday. all of that much milderfeeling they ....
and japan meet for the first time in 12 years, seeking to set aside historic differences. the european central bank has hiked interest rates by half of 1%, despite the impact of rising rates on the banking sector. it comes as central banks and governments around the world are nervously watching whether the crisis surrounding credit suisse will develop into a global banking crisis. shares in credit suisse have stabilised after the swiss national bank offered it a funding lifeline. so how did we get here? credit suisse was already in trouble before its biggest investor saudi national bank announced on wednesday that it could offer no more financial support. that lead to its share price plummetting by 30%. late wednesday the swiss central bank said it would provide financial support to the tune of $54 billion us dollars. that has reassured the markets for now but concerns remain about contagion from the collapse of the two us banks last week. it is all quite complex, it is ....
rescue crews on both sides of the border continue the frantic search for survivors. also, tensions rising between the united states and china after the biden administration shot down that chinese spy balloon saturday afternoon and criticism from top republicans for the president s decision not to shoot it down sooner. all this as the president puts the final touches on his state of the union address when he s expected to tout his accomplishments including a better than predicted campaign and a preview of his election campaign. good day. as a tragedy of epic proportions is unfolding in turkey and syria, a massive 7.2 earthquake taking nearly 2,000 lives already and devastating commercial and residential areas of both countries. there are also nearly 10,000 people injured and possibly hundreds more still trapped under the rubble from decimated buildings as the aftershocks rip through the region and hinder rescue efforts. those are live pictures in southern turkey of a r ....