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hemisphere ripped through madagascar twice and now heads to mozambique for a second time. it to mozambique for a second time. , ., , ., ~ time. it may have broken the record as time. it may have broken the record as the time. it may have broken the record as the longest - time. it may have broken the record as the longest lasting| record as the longest lasting cyclone in history on record. it has been named tropical cyclone now for 33 days. a named tropical cyclone. hello and welcome to bbc news. we start in the us, where regulators have shut down silicon valley bank one of the major lenders to tech companies and start ups in what s the largest banking failure in the us since the 2008 financial crisis. our north america tech correspondent james clayton has been explaining how it happened. well, this is one of those days that will go down in silicon valley history and it s certainly one of the most stressful days for silicon valley founders in modern times. we v ....
left mauritius and madagascar and is likely to reach mozambique for a second time on saturday, forcing residents there to take shelter. you are watching bbc news. now and bbc news, talking movies the oscars preview. and this programme contains flashing images. alo from california. i am tom brooke and welcome to talking movies and our review of hollywood s because night of the year, the oscar ceremony. well everything everywhere all at once dominate proceedings? all quiet on the western front could have an impressive oscar night showing. a smorgasbord of films for picture. big budget blockbusters like avatar: the way of water and top gun: maverick and smaller ida s movies such as tar reaching for prizes. adam hollywood boulevard, different views on which bridget would win. i would avatar to win. which bridget would win. i would avatar to win. tom | which bridget would win. i - would avatar to win. tom thumb was great- would avatar to win. tom thumb was great. tom w ....
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For silicon valley founders in modern times. we ve spoken to people today who have been able to withdraw their money from silicon valley bank and some who haven t. one person i spoke to earlier said they put in a wire request yesterday. they waited nearly 2a hours and eventually found out they had got the money out. but we spoke to another person, who says they have tried and tried and tried and they simply haven t been able to withdraw any funds. they said they actually physically came down to one of these branches to try and get the money out. it s been an incredibly stressful time if you re a start up. now, the federal deposit insurance corporation has essentially taken over this bank and they are literally in there now advising customers what to do, and the hope is is that they will be able to withdraw their funds on monday, but that is no certainty around that claim at all and when you speak to people who haven t been able to get their money out, it is a time of deep, deep concern ....
Tech sector and it would not take a genius to work out but if the tech sector is in trouble and the central bank is raising rates, banks that lend to tech companies are likely to be in trouble. and that s really where we are, not least because these banks that we are looking out, it is one bank, the silicon valley bank and there are others that we worry about, but they really have not those of biker for have not diversify their portfolios and put their money in crypto and start ups in the high tech sector so they are vulnerable but listeners, i was listening and it reminded me exactly of what happened at northern rock. on the monday, the bank started to lose money and essentially, the website crashed on wednesday and the chancellor of the exchequer had to work out, he has to do something over the weekend because the bank is going to have to open and markets will open on monday and i think that s the really big deal. ....