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Transcripts For BBCNEWS BBC News 20240706

hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far things seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly and remove their funds from banks

Spanish seafood giant seeing improved demand as inflation eases

Spanish seafood giant seeing improved seafood demand as inflation eases

Controversy Surrounds Plans for First Octopus Macro-Farm

The first-ever octopus macro-farm in Spain's Canary Islands has sparked a contentious debate among animal advocates and scientists.

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Here you will find the top viral daily news, a synopsis of the stories, and links to each article to read the full story.