the ripple effects from the collapse of silicon valley bank on friday are being felt accross the world. the us government has now said it will ensure all svb account holders will be able to retrieve any funds they have on monday morning. a statement by the us treasury and federal reserve said the plan will ensure the resilience of the broader us banking system. meanwhile in the uk, the government is warning that up to 200 british start ups and technology firms, are at risk, following the collapse of svb. its british arm, svb uk, has helped with financing for numerous technology and life sciences companies. but it s now feared they won t be able to pay wages or suppliers. the government is due to announce what their plan is to help these firms effected before the markets in london open this morning. here s our business correspondent, marc ashdown. at silicon valley bank we deal in innovation. it s the cool bank for cool customers. the uk arm serves 3500 of the brightest new te
business correspondent, nick marsh. nick, great to see you. what details do we have about what president biden announced? he: didn t really say much in the end, to be honest. he said there is more work to be done when it comes to the indo pacific economic framework. i would say that s a bit of an understatement. we have been talking about this agreement, it s not even a properfree trade agreement, it s not even a proper free trade agreement, let s not forget. we have been talking about it for about a year and a half. still no consensus reached. i think the latest stumbling block was on securing an agreement on workers rights and environmental protections. i think itjust goes to the heart of what s been achievable and not achievable at this apec summit on the diplomatic front, there has been considerable between china and the progress us, the mood music has been positive, the economic issues are much harder to unpick. the united states knows that china dominates this region a
to end ballistic missile tests, that have raised tensions across east asia. wang yi has met with the us secretary of state rex tillerson, at a gathering of ministers from south east asian countries, and in a few hours, more security meetings will take place. yogita limeye‘s report from seoul, contains flash photography. putting on a united front at a meeting of south east asian nations, in manila. the us secretary of state, rex tillerson, is on a mission. america wants more countries to isolate north korea, a day after all 15 members of the un security council voted to ban exports from pyongyang. the sweeping measures were even backed by china, north korean‘s ally and the top trade partner. translation: the chinese side urge the north koreans to calmly handle the un security council resolutions and not do anything unbeneficial, such as a missile launcher or nuclear test. at this meeting between south korea s foreign minister, kang kyung wha, and mr tillerson, the two lead
it s 8am in singapore, 1am in the morning in london, and 8am in manila, where china s foreign minister has urged north korea to end ballistic missile tests that have raised tensions across east asia. wang yi has met with the us secretary of state rex tillerson, at a gathering of ministers from south east asian countries, and in a few hours, more security meetings will take place. yogita limeye‘s report from seoul contains flash photography. putting on a united front at a meeting of south east asian nations, in manila, the us secretary of state, rex tillerson, is on a mission. america wants more countries to isolate north korea, a day after all 15 members of the un security council voted to ban exports from pyongyang. the sweeping measures were even backed by china, north korean‘s ally and top trade partner. translation: the chinese side urge the north koreans to calmly handle the un security council resolutions and not do anything unbeneficial, such as a missile launcher
State subsidies are in Brussels’ cross hairs as the world’s largest windpower producer exports low-cost turbines to quench global demand for clean power.