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hello there. we begin in the us where, in an extraordinary move to contain panic in the banking system, 11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic. shares in first republic plunged, as investors worry that it could be the next to fail. it follows the stunning collapse of two other specialist lenders, including silicon valley bank. samira hussain reports from new york. the collapse of two us banks have spooked investors who are now left wondering which bank could be the next to fail. that s been putting a ton of pressure on smaller regional banks. depositors at first republic have withdrawn billions of dollars and the regional banks share price has been cut in half. now the biggest of the american banks have stepped in, led by the likes ofjpmorgan and citigroup, 11 companies have agreed to make $30 billion of uninsured deposits in first republic. they have done this in the hope that it will be enough to shore u ....
Joining me now is professor howard yu, lego professor of management and innovation at imd business school in switzerland. thank you so much forjoining me, professor. if tiktok does represent a national security risk, what about everything else the world imports from china batteries, components, solar panels? china is everywhere, all over the world. china is everywhere, all over the world- the world. that is exactly ri . ht. the world. that is exactly right. because the world. that is exactly right. because if- the world. that is exactly right. because if tiktok,| right. because if tiktok, pusher and cute videos, cat videos, posts such a security risk a global economy is pose the biggest risk ever. the reality is the china and us trade hit an all time high. as he pointed out, things like electronics, consumer goods, chemical components, solar panel, wind turbines these are all imported from china so if we take such a strong stand on it tiktok then we basically need to rewire the ....
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