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BBCNEWS BBC News July 6, 2024

hello and welcome to bbc world news. the government of switzerland says that the country s biggest bank, ubs, has taken over its troubled rival credit suisse in an emergency measure designed to protect the swiss economy. fears about the possible collapse of credit suisse sparked falls in stock markets around the world over recent days, and raised fears of another global financial crisis. the rescue deal follows a weekend of emergency talks between the two banks, after credit swiss saw its value plummet over the past week. the swiss national bank said the deal was the best way to restore the confidence of financial markets and to manage risks to the economy. our geneva correspondent imogen foulkes explains the significance of this merger on the global stage. it s early days. but i don t think it s going to be easy. ubs is the bigger of the two, but both of them are already huge. if you lookjust in switzerland, both of them have at least one branch, more in a big city lik ....

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BBCNEWS BBC News July 7, 2024

we start with news that will have implications for europe s energy supply this winter. the russian energy giant gazprom says it has found a new problem in its key gas pipeline to europe, which had been due to reopen on saturday. gazprom says it s detected an oil leak in a turbine on the nord stream one pipeline, meaning it will remain closed for an indefinite period. the pipeline has already been completely shut for three days for what gazprom described as maintenance work. moscow denies weaponising energy supplies in retaliation for western sanctions. russia s move to keep the nordstream pipeline closed may or may not be linked to a decision by the g7 group of the world s leading democracies to put a cap on how much they pay for russian oil, in a bid to hit moscow s ability to finance the war in ukraine. the price of oil has risen sharply since the invasion, meaning its revenues have gone up even as some countries cut back on the amount of russian oil they import. ....

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BBCNEWS BBC News July 7, 2024

hello and welcome to bbc news. after weeks of debate, voting has closed in the conservative party leadership race. after 2 months of campaigning, and 8 initial candidates whittled down to 2, we ll find out on monday whether liz truss or rishi sunak has been chosen by party members to be the next leader and so prime minister. here s our political correspondent ben wright: after a long, rancorous campaign, it s now time to count the ballots. just 160,000 tory party members are picking their next leader, the next prime minister. and the challenges facing them are huge. they were spelt out today by the current chancellor. he is backing liz truss, presumed frontrunner. there are no easy options. we have war on our continent. we havejust come through a pandemic. but this economy is resilient. how will they handle soaring inflation? i borisjohnson s ejection from office injuly triggered a stampede of wannabe successors. tory mps had the job of picking two final candidates. s ....

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BBCNEWS World Business Report February 6, 2017

Report. Going going gone the Chinese Investor is hungry for business in europe and the us but billions of Dollars Worth of deals are cancelled we reveal why. A new white knight for takata but investors are not impressed so what now for the japanese airbag maker . Welcome to World Business report. Im Sally Bundock also in the programme more us tech giants submit their legal documents condemning trumps labour restrictions. The political events of 2016 may have ignited an unprecedented period of uncertainty for the Global Economy but one thing that appears to remain unaffected is the growing appetite of Chinese Investors. Last year inflows into the us incre ....

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BBCNEWS BBC News June 4, 2024 22:06:00

Of illegally deporting thousands of children from occupied parts of ukraine to russia. james landale, bbc news, kyiv. let s get more now on our top story, and switzerland s biggest bank, ubs, has agreed to take over its troubled rival, credit suisse. i m joined now by cornelia meyer, an economist and head of business consultancy mrl corporation. she s been following news of the banking deal today. thanks forjoining us. can you take us through this deal? ihell thanks forjoining us. can you take us through this deal? us through this deal? well it has not been decided, us through this deal? well it has not been decided, it us through this deal? well it has not been decided, it is us through this deal? well it has not been decided, it is a - us through this deal? well it has| not been decided, it is a shotgun marriage, the brokers, the swiss regulators and the swiss government. ubs is buying credit suisse for $3.25 million, million dollars, ....

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