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 quickly
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
pressures will require a stronger response than we perhaps in august. manchester united and england footballer mason greenwood is charged with attempted rape, engaging in controlling and coercive behaviour, and assault. more than a0 turkish miners are now known to have died following an underground explosion dozens of others were injured. and rugby league world cup hosts england get off to a flying start, crushing samoa in the opening game of the tournament at st james s park good afternoon. the new chancellor of the exchequer, jeremy hunt, who has refused to rule out public spending cuts, and said taxes may have to rise. mr hunt appointed yesterday after kwasi kwarteng was sacked from the job said mistakes had been made by the government and warned of difficult decisions ahead . and in a further problem for the government, the governor of the bank of england has predicted that in order to combat inflation uk interest rates may have to rise even higher than expecte
a powerful explosion has rocked a shopping centre and caused a fire in armenia s capital, yerevan, leaving one dead and 20 injuried. prosecutions for breaching covid restrictions have been dropped for six people who attended a vigil in london for sarah everard last year. a warm welcome to viewers in the uk and around the world. 70 charities and community organisations in the uk have written to the two conservative party candidates vying to be its next leader and the next prime minster, urging them to show compassion and leadership in dealing with the cost of living crisis. tomorrow, labour is expected to call on the government to freeze the energy price cap this autumn to help people deal with the rising cost of living. here s our political correspondent, david wallace lockhart. with energy bills expected to continue rising, 70 charities have written to the two candidates to be the next prime minister, calling for £1,200 of government support to help low income families make
the french philosopher who was responsible for getting france and perhaps the world to intervene there. he s just back from tripoli. then as another baseball season comes to a close in america, we sit down with michael lewis, the author of moneyball, to talk about baseball and its lessons for business and life. but first, here s my take. regular gps watchers will know that i was in tehran last week to interview president mahmoud ahmadinejad. you can go to our website and watch excerpts of the interview. but being in iran made me think it abouot our policy toward that country which strikes me as being stuck in a time warp. you will remember that early in the 2008 presidential campaign, barack obama signaled that he was going to have a different foreign policy than george bush, less black and white. and he chose as his example, iran. he argued that simply pressuring the country was not a policy, and obama offered to talk to iran s leaders to try to establish a dialogue a