how one woman turned freebies for the famous into a multimillion dollar branding business. hello there. we start here in the uk where the government is under pressure to tackle a chronic shortage of workers when it publishes its budget next week. it is adding to wage pressures pushing up inflation and holding back economic growth. soaring childcare costs have priced many people, usually women, out of the workforce. post brexit restrictions on foreign workers have added to the problem. and many older people have simply decided they can afford to retire early. our economics editor faisal islam has the story. get back to work the economy needs you. not to be taking walks on a monday morning, but to be at work. that s one government message to people such as mike, who retired at 5a during the pandemic from managing software programmers in cambridgeshire. let s go for a walk! it s wonderful. i can t believe it s two years already, to be honest. it s absolutely flown by.
trouble in the valley? financial stocks slump as investors move to withdraw their deposits from silicon valley bank, a key lender to start ups. and the uk grows more healthily than expected injanuary but the government warns there s still a long way to go to restore stability. welcome to world business report, i m tadhg enright. we start in the us with a story causing some worries on financial markets. silicon valley bank has been trying to reassure its clients their money is safe after a 60 per cent collapse in its share price since wednesday. svb has been a key lender to many tech start ups the likes of airbnb and linkedin but questions have been raised about its financial health after it launched a huge share sale to raise money. joao da silva has the details. svb dropped massively overnight as the bank revealed it lost $1.8 billion and the folio of securities valued at around $21 billion. as a result of those losses, the bank was forced to rage cash by a huge share sa
the race for a gop presidential nominee. for the first time since the invasion of ukraine began, russian officials could be facing war crimes charges. reuters and new york times reporting the international criminal court is planning to open two cases and issue arrest warrants for a number of people. something that ukraine has been asking for for some time. in just moments labor department will release a key inflation report revealing just how much consumer prices rose last month. biggest thing to watch for is what the federal reserve is going to do. are they worried about the fragility of the banking system and being able to handle more rate hikes. good morning, everyone. welcome in to cnn this morning. banks across america struggling with the fallout from the largest bank failure since the 2008 financial crisis. stocks of more than two dozen regional banks plummeted yesterday, even after president biden took emergency action to ease panic. we re keeping a
the goal overall will be to instill confidence in the american banking system. federal regulator said depositors will have access to their money today. the measures have effectively waived $250,000 insurance and of $220 billion in assets uninsured. at least 29 companies were impacted by svp collapse like pinterest, fitbit, ziprecruiter to name a few. the same has been done for new york signature bank, which was shut down over the weekend pure treasure secretary janet yellen said the action does not equal bailing out the banks. we are in the middle of a financial crisis. if you were investors and owners of systemic, large banks that were built out and we are certainly not looking to reform put in place and that means we will not do that again. but we are concerned about depositories ever focused on trying to meet their needs. ceo of pershing square eckman agrees this was not a bailout in terms of how the term has been used as of recently mainly because taxpayer funds will
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