this is bbc news. it s newsday. welcome to the programme. we start in sudan where the united nations is sending its top aid official to help co ordinate relief efforts. it comes as the agency s humanitarian coordinator in sudan says that the situation there is turning into a full blown catastrophe warning that more than 800 thousand people may flee the country as a result of the ongoing violence. meanwhile, fighting continues in the capital khartoum despite a ceasefire agreed by both sides. evacuation flights are still taking off from port sudan on the red sea today. those not able to leave there by plane are taking boats across tojedda in saudi arabia. our correspondent andrew harding reports. on sudan s coast, the scramble to escape goes on. with airlifts ending, foreign nationals register for a boat ride to safety. this morning, some 300 of them arrived here injeddah, saudi arabia, having crossed the red sea from port sudan. all sorts of embassies on hand to claim th
let s start in the us where some of the worlds leading money managers are warning the collapse of another american bank could lead to a credit crunch and an economic slowdown. constrained lending as a result of stricter banking regulation could stifle credit to the us economy at a critical time. we ll get an expert view on this in a moment but first here s my colleague samira hussain on the collapse of first republic. as of monday, first republic customers turning up at their bank are in fact customers ofjp morgan chase. the signs above will soon change. first republic had been under pressure since the collapse of silicon valley bank and signature bank two months earlier. last week, first republic revealed deposited had removed $100 million in the space of a few months. customers feared their money was not safe. investors became convinced that it too was about to fail. riding to the rescue of america s distressed financial system, the boss of america s biggest bank, jamie dim
washington, where the us debt ceiling fight is heating up, with both sides showing no room for compromise yet on an issue that impacts the global economy. us treasury secretary janet yellen has issued a letter to congressional leaders, warning the us could run out of cash byjune 1st. that s prompted president biden to call a meeting with the top leaders in congress next week seen here. in the letter, yellen warned: speaker mccarthy responded to yellen in a statement, saying: the republican controlled house passed a debt ceiling bill last week that includes steep spending cuts. senate democratic majority leader chuck schumer announced a process to pass a clean bill with no cuts just hours ago. meanwhile, a little relief in the banking sector. wall street giantjp morgan chase took over the troubled first republic bank in a 10 point 6 billion dollar deal brokered by regulators. hey seized first republic early on monday, after efforts to rescue the bank fell through over the we
room for compromise yet on an issue that impacts the global economy. us treasury secretary janet yellen says the us could run out of cash byjune 1st, prompting president biden to call a meeting with the top leaders in congress next week. in a letter to the leaders today, yellen warned: speaker mccarthy responded to yellen in a statement, saying: the republican controlled house passed a debt ceiling bill last week that includes steep spending cuts. senate democratic majority leader chuck schumer announced a process to pass a clean bill with no cuts just hours ago. meanwhile, a little relief in the banking sector. wall street giantjp morgan chase took over the troubled first republic bank in a $10.6 billion deal brokered by regulators. they seized first republic early on monday, after efforts to rescue the bank fell through over the weekend. the failure of the bank is the second largest in us history, and the third in the country since march. samira hussain has more. as of mond
live from our studio in singapore this is bbc news. it s newsday. welcome to the programme. we start in sudan, where the united nations is sending its top aid official to help co ordinate relief efforts. it comes as the agency s humanitarian coordinator in sudan says that the situation there is turning into a full blown catastrophe warning that more than 800,000 people may flee the country as a result of the ongoing violence. meanwhile, fighting continues in the capital khartoum despite a ceasefire agreed by both sides. evacuation flights are still taking off from port sudan on the red sea. those not able to leave there by plane are taking boats across tojeddah in saudi arabia. 0ur correspondent andrew harding reports. 0n sudan s coast, the scramble to escape goes on. foreign nationals register for a boat ride to safety. this morning, some 300 of them arrived here injeddah, saudi arabia, having crossed the red sea from port sudan. all sorts of embassies on hand to claim