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BBCNEWS World Business Report July 6, 2024



let s now get down to business and the drama that let s now get down to business and the drama that has let s now get down to business and the drama that has been unfolding over the weekend in switzerland is dominating once again. they ve had fraught negotiations as the authorities, the central bank and leaders of two of its biggest banks tried to reach a deal to prevent another damaging financial crisis. late on sunday it was announced. the troubled bank credit suisse has been taken over by its rival ubs in a government backed rescue worth over $3.1 billion. that s less than half the value of credit suisse at the close of trade on friday. the deal s been widely welcomed, including by the bank of england, the european central bank and in the us. switzerland s central bank wanted to prioritise financial stability and protect the swiss economy. here s the chief executive of ubs. translation: it means we bring back stability translation: it means we bring back stability ....

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BBCNEWS World Business Report July 6, 2024



that s the warning vfrom the head of america s central bank, the federal reserve. jerome powell warned more action might be needed to stabilise prices and keep inflation in check. many had been expecting another quarter percent rise in interst rates when the fed meets later this month, but after those comments, there are predictions that the rise could be even bigger. that s been enough to spook investors. it sent us financial markets tumbling. the dow, nasdaq and s&p 500 all saw a sell off after powell s comments. similar story in asia with hong kong s hang seng. and here s our north america business correspondent samira hussain to explain what it all means. last year, the federal reserve raised interest rates at the fastest rate since the 1980s, and it seemed to have helped inflation a little. but that labour market, it remains resilient. the lastjobs report showed a blockbuster increase of more than 500,000 jobs added injanuary. that s why the fed chair, jerome powel ....

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BBCNEWS BBC News July 6, 2024



hello and welcome. finland will become the 31st member of nato later on tuesday. the application to join the western military alliance was prompted by the invasion of ukraine by russia, with which finland shares a long border. our diplomatic correspondent, paul adams, has this story. finland only said it wanted to join nato last year. this afternoon, its flag will be raised at the headquarters in brussels, the quickest accession process in nato s recent history. president putin went to war against ukraine with a declared aim to get less nato. he wanted nato to remove our forces, our structures, from all allies that havejoined after 1997, meaning all allies in central and eastern europe. and he wanted nato to make it absolutely clear that nato s door was closed for any new membership. he s getting the exact opposite. he s getting more nato presence in the eastern part of the alliance, and he s getting two new members, with finland and sweden. finland s long frontier with ....

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BBCNEWS BBC News June 4, 2024 08:05:00

Political criteria for nato membership, then land is a strong and mature and liberal democracy, and mature and liberal democracy, and people that like there is a strong and defensive military system for a strong state so it is an asset for a strong state so it is an asset for the alliance just as the alliance is an asset for fenland. it is a two way street but what will change militarily for finland? i do not think too change militarily for finland? i gr not think too much will change. of course, nato is notjust about the atlantic treaty, it s about the organisation in nato. then land will have a full seat at the table. its military planners and civilian security planners, diplomats and defence officials will be fully involved in nato planning and contingency planning for security across the alliance and security in northern europe so this is very good news notjust northern europe so this is very good news not just for fenland northern europe so this is very good news notjust for fen ....

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BBCNEWS World Business Report June 4, 2024 05:53:00

Or elsewhere, it is actually good news notjust for the whistleblower but also for business, isn t it? it whistleblower but also for business, isn t it?- business, isn t it? it is absolutely business, isn t it? it is absolutely brilliant - business, isn t it? it is absolutely brilliant for | absolutely brilliant for business because what could be worse for a business and having people within it who are behaving in a criminal way or in ways that damage the reputation or the clients of the organisation. businesses need to know quickly and when they know quickly and urgently they know quickly and urgently they can do something about it. and so this is the first whistleblowing week in the uk, what are you hoping to achieve apart from raising awareness which we are doing right now? i m really gratefulfor which we are doing right now? i m really grateful for the fact you re raising awareness. what this also shows is our government is finally waking up to the importance of whistleblowing and ....

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