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BBCNEWS BBC News July 6, 2024

hello and welcome to the programme. the financial times is reporting that ubs has offered to buy credit suisse for up to $1 billion dollars, although bloomberg reports that credit suisse sees that as vastly undervaluing the bank. the swiss banking giant had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. it had been offered an emergency credit facility of more than $50 billion dollars by switzerland s central bank, but that had not prevented a sharp fall in its share price. our business correspondent marc ashdownjoins me now. where are we up to with these negotiations? ﬁst where are we up to with these negotiations? where are we up to with these negotiations? where are we up to with these ne . otiations? ., ., negotiations? at the moment we have not heard anything negotiations? at the moment we have not heard anything new negotiations? at the moment we have not heard anything new for negotia ....

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BBCNEWS BBC News July 6, 2024

we ll have a special report. hello, very warm welcome to the programme. the financial times is reporting that ubs switzerland s biggest bank has agreed to buy credit suisse for more than two billion dollars. there s been no confirmation yet of whether the offer has been accepted. it s thought an earlier offer of $1 billion was considered too low. the swiss banking giant had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. it had been offered an emergency credit facility of more than $50 billion by switzerland s central bank, but that had not prevented a sharp fall in its share price. our business correspondent marc ashdownjoins me. we spoke a little earlier. it s not offering to billion. offering to billion. they have aareed offering to billion. they have agreed that offering to billion. they have agreed that figure. offering to billion. they have agreed that figure. it s - offering to billion. ....

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BBCNEWS World Business Report July 6, 2024

is the industry ready? plus: the bitter row brewing at starbucks. its former boss denies illegal union busting in a tense appearance before the us senate. and players ready. a $180 billion industry, 45 contenders. who will smite the opposition at tonight s bafta games awards? hi there. powering up britain that s how the uk government is describing its new strategy to reach net zero carbon emissions by 2050. it s expected to promise £20 billion in funding for carbon capture technology, more investment in nuclear and help for householders to insulate their homes and install heat pumps. it comes after a legal challenge by environmental campaigners led to a ruling by the uk s high court that the government s previous plans were inadequate. friends of the earth, one of the campaign groups, has already described the latest policies as dangerously lacklustre and lacking on climate action. here s what the minister in charge grant shapps had to say. i think is the flipside ....

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BBCNEWS World Business Report July 6, 2024

and the cost of living crisis that has triggered. but there are signs of hope are starting to emerge. in the last few hours we ve had the latest monthly inflation figures out of spain and that the pace of prices rises fell to an annualised pace of 3.1% in march when using the measure that allows comparison with other countries. that s a big drop from february s 6% and was mainly due to lower energy costs, with food prices also falling. and in germany, europe s biggest economy, there was also a big drop. by the same measure inflation has now fallen to 7.8% as businesses and households benefited from lower natural gas prices. joining me live now is the spanish economist professor santiago carbo valverde, from the university of valencia. what is causing such a big fall in inflation in spain? lowering vat has helped bring down some of the prices of the food and agricultural prost products. we also have what is called a competition or factor. last march, inflation is compute ....

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BBCNEWS Newsday July 6, 2024

in brutal trench warfare. get in here and get down. those two russian shells that have just come in, i think it s tank fire. and tier gas and dozens of arrests in paris as protests across france against plans to raise the pension age continue into a ninth day. live from our studio in singapore this is bbc news. it s newsday. it s 8am in singapore, and 8pm in washington, dc where the boss of tiktok has been in the hot seat, defending the social media app during a us congressional hearing. around the globe, an estimated 1.5 billion people use tiktok every day and more than a 150 million of them are in america. several governments and even big companies have advised their staff to take care when using it. shou zi chew insisted data would never be given to the chinese communist party, but did accept that data is currently accessible to staff in china. it led to some angy exchanges on capitol hill as nomia iqbal reports. even before he arrived shou zi chew was on ....

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