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BBCNEWS BBC News July 6, 2024



shares in the swiss banking giant credit suisse fall to a record low as investors remain worried after the collapse of silicon valley bank. a high court in pakistan orders police to halt their operation to arrest former prime minister imran khan until thursday, following clashes between police and his supporters. conflicting accounts from washington and moscow as a us drone crashes into the black sea after an encounter with russian fighter jets. and a small number of wolves settle in belgium for the first time in more than 100 years as numbers rise across europe. hello. we start here in the uk where the chancellorjeremy hunt has been setting out his budget, pledging to build for the future . the uk economy is set to shrink this year, but it is no longer expected to enter a recession. mr hunt also says the inflation forecast is to fall from above 10%, to just under 3% by the end of 2023. but the labour leader, sir keir starmer, accuses the government of dressing up s ....

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MSNBC Morning Joe July 7, 2024



messages, the house select committee investigating the capitol insurrection wants by tomorrow. plus, after a wild week on wall street, earning are rolling in and this morning from some of the world s biggest companies such as goldman sachs and bank of america. cnbc s andrew ross sorkin is breaking down the latest number as we get them in. and we ll explain why democrats are very upset with joe manchin. it is groundhog day. it is getting old. and we ll play for you president biden s response to reporters when asked about his fist bump when saudi arabia s crown prince. we ll also talk about the actual visit to saudi arabia. but first, the damning new report about the police response to one of the deadliest school shootings. systemic failure is the way it was described in a new preliminary report written by the texas house of representatives, the report also details how nearly 400 law enforcement officials responded to the mass shooting and basically waited outside a ....

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BBCNEWS World Business Report July 7, 2024



we begin with the cost of energy and steps being taken across europe to prepare for winter. germany is keen to push forward in reducing its dependence on russian gas supplies as concerns continue over whether russia could completely shut down gas flows into europe. germany s chancellor olaf scholz is in canada and has just signed a deal to form hydrogen supply chains with canada. this is seen as a positive step forward but it does not offer an instant fix as it will take some time to get the right infrastructure in place. to talk us through what s at stake. i m joined by nathan piper, head of oil & gas research at investec. thanks gas research at investec. so much for being on th! programme. thanks so much for being on the programme. so, initially it sounds positive, it is the right step for germany to take but how long will it all take to get gas through this form? to get hydrogen to be any sort of significant replacement for natural gas is going to take decades stoppi ....

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BBCNEWS BBC News June 4, 2024 17:16:00

Able to handle the withdrawals. their clients, which were tech clients, were looking to take out their money and they were trying to sell these bonds that they had, their treasuries, which had fallen considerably in order to plug that hole. it wasn t working. a similar thing is happening in credit suisse. their clients are looking to withdraw their funds for different reasons. there is the same problems of the bond holdings that are not enough that will be able to plug that hole. there are concerns over liquidity. this is all the result of these high interest rates that we ve seen. we ve seen central bank in europe and the federal reserve hiking interest rate that historically fast rates. those concerns that have been lingering about, can the financial systems cope with this? starting to show there are some cracks now appearing in the system. there are some cracks now appearing in the system- in the system. thank you very much for that. that s in the system. thank you very much for ....

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BBCNEWS World Business Report June 4, 2024 04:44:00

Actually pause hiking interest rate at some point and even cut interest rates next year, but that could prove to be a bit too premature and that is why we are saying these market moves yesterday and the end of the week becausejerome powell, the week becausejerome powell, the fed chair reiterated that raising interest rate is the way to go forward, there is no stopping that. way to go forward, there is no stopping that- way to go forward, there is no stopping that. and in terms of the global stopping that. and in terms of the global picture, stopping that. and in terms of the global picture, the - stopping that. and in terms of the global picture, the us - the global picture, the us seems to be and a slightly better position, doesn t it? last month we saw one measure of inflation come down, slightly the impression we are getting is that there seem to have more control on prices there. ~ , ,., , have more control on prices there. ~ , , ,, there. absolutely. the us gasoline there. a ....

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