Effective bankruptcy in the next few years unless the Funding System is reformed. A report by the local Government Information Unit has Found Services like parks, Leisure Facilities and libraries are at risk of being cut, while council tax could rise in some areas. Our reporter Vincent Mcaviney has more. Yay well done. Alex is about to turn 18, and on top of the regular worries parents have about their children, mum, sylvia also has to think about alexs autism and the extra support he needs to gain independence. Support thats under fire for her and other families as Birmingham City council struggles with financial difficulties. What you get is families that are on their knees with a trauma presentation, traumatised kids, and they never get decent outcomes. Theyjust end up constantly trying to get the basics, which everybody else s child gets naturally. And its Notjust Birmingham thats struggling. Across the country, councils are warning that front line neighbourhood Services Like parks
We opened a 5 yearold deadly shooting case in the south bay after developing new leads. After being without a police chief more than a year, the city of oakland might be one step closer to naming its next top cop. Residents. Want to hear from them for the first time and form happening tonight. From the areas local news station. Youre watching the kron. 4 morning far. Well, good thursday morning thank you weigh in with his bright and early for the kron. 4 morning news. Here on thursday, february 29th. Im reyna harvey. All right. Well, we want to start this morning with a check of weather john shrable. John, youve actually been preparedness for the storm and it is inching closer was sprinkling on my ride into work. Yeah, a few sprinkles. Misty areas out there so far. Really just the first signs of this change of pace that is really going to grip us here in the bay area. But in extreme impact up in the Sierra Nevada where that snow is going to be falling. Unprecedented plea heavy over the
Dose of stimulus since 1990. Amazon aims to capitalize on chinas fascination with all things japanese. Coming to you live from our u. S. And asia headquarters. Betty i am betty liu in new york. It is sunday evening. We begin with breaking news just crossing the bloomberg from south korea. Current account surplus for june coming in wider than the prior month at 12. 17 billion. This is after it widened to more than 10 billion in may. We will watch for trade data for july coming out in an hour. Pmi later today. We will see how things go. So far, stocks heading south in new zealand. After funollar flat fonterra maintain that milk price. Its still up in the air what the central bank will do. The aussie dollar at . 75. The yen climbing 3 after the boj disappoints. Territory today, stocks seeing a pullback today. Governor kuroda throwing the ball back into shinzo abes court. Lets go back to our top story in asia. Spree, back its buying snapping up assets from club med , but now focused on get
Manus were crammed waiting for the drop of beer in the glass. We have the fed numbers. Never far from a work function is anna edwards. The probability of a rate hike in the United States falls from 48 . That is basically what the white line is. The probability is dissipating. Lightly down she goes we dropped 1. 7 last week. Most of that was on friday. The fed governor is on this morning saying that the market is too complacent on rates. Anna all of that increasing appetite overnight for risk assets. Lets get to these heineken numbers. Heinekens interim dividends have come in at 0. 52 euros. That had 7 million euros, the thirdlargest brewer in the world. Previously said that asia was going to be the place that was going to the driving the sales growth amid stagnant sales markets in europe and a weakening consumer environment in russia and nigeria. Lets is a sector get to the estimate numbers. The profit in the first half excluding items. 977 million euros, just a fraction below the esti
Im francine lacqua. Lets get to the markets. But we are getting a little bit of data. This is a picture from eurozone manufacturing for july. The survey was 51. 9. We got plus 52. This is the picture for today. You can see banks on the backside of those stress tests a little bit lower. I wanted to show you yen went up. 34. To four european stocks gaining a touch. Lets get straight to bloomberg first word news with nejra cehic. Nejra data on chinese manufacturing in july has left analysts scratching their head. Both gauges little significant this year in chinas important manufacturing sector. Ber will emerge with didi that is according to people familiar. They say the new company will be valued at 35 billion. Business loans and u. K. Are set to shrink to the lowest in more than a decade since weaker economic prospects are following the brexit total will thet and a number markets have recovered from the shock of brexit. In managing director said strange and said the eu and the backlash t