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BBCNEWS World Business Report July 6, 2024

the chairman of the bank has said he is truly sorry for taking the company to the brink of bankruptcy. credit suisse was taken over last month by its rival, ubs, in an emergency deal backed by the swiss government. shareholders were not consulted about the takeover. let s go live now to switzerland and speak to our correspondent, imogen foulkes. it is interesting if you eat so what has come out of this meeting, the boss they are apologising and also a collapse entirely would have been bad news for the country and therefore this was the least bad option. therefore this was the least bad 0 tion. . , , therefore this was the least bad otion. . , , ., option. that is right. it s a blustery option. that is right. it s a blustery day option. that is right. it s a blustery day in option. that is right. it s a| blustery day in switzerland option. that is right. it s a - blustery day in switzerland but there is a tornado of anger blowing through credit suisse s agm. it ....

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BBCNEWS BBC News July 6, 2024

has died at the age of 91. he was the longest serving chancellor of the 20th century, before he resigned in 1989 over thatcher s choice of economic advisor. political figures have been paying tribute to him. prime minister rishi sunak tweeted this: one of the first things i did as chancellor was hang a picture of nigel lawson above my desk. he was a transformational chancellor and an inspiration to me and many others. my thoughts are with his family and friends at this time. the current chancellorjeremy hunt said: nigel lawson was a rarity amongst politicians, someone who transformed our thinking as well as transforming our economy. since he stepped down as chancellor, his shoes have been impossible to fill but he inspired all his successors, leaving the country more prosperous and enterprising. and former prime minister borisjohnson wrote: nigel lawson was a fearless and original flame of free market conservatism. he was a tax cutter and simplifier who helped tran ....

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BBCNEWS BBC News July 6, 2024

by russia s invasion of ukraine. in response, moscow says the finland nato alliance increases the risk of conflict and that it will strengthen its military presence in the region. the head of the military alliance, jens stoltenberg, is calling finland s accession a historic moment. here s what he said earlier. in a few hours we will welcome finland as the slst member of our alliance. this will make finland safer and nato stronger. on this very day in 1949 the washington treaty, nato s founding treaty, was signed in washington, and it s hard to imagine a better way of celebrating our anniversary than to have finland becoming a full member of the alliance. nato s foreign ministers meet at a pivotal time for our security. we see that president putin s war of aggression against ukraine grinds on. we will meet in the nato ukraine commission with the foreign minister where we will address how to sustain and ramp up support from nato allies to ukraine. both the urgent needs, b ....

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BBCNEWS BBC News July 6, 2024

if it falls, it would be the first russian victory of note in more than six months. 0ur diplomatic correspondent, james landale, reports from kyiv. munitions explode this is bakhmut, or at least what s left of it, after some of the fiercest fighting since russia invaded ukraine. for more than six months, as the bbc has reported, ukrainian forces have held off a ferocious onslaught, but now russian commanders are growing increasingly confident, including the leader of the mercenaries known as the wagner group, which have been at the heart of the assault. translation: we have - almost surrounded bakhmut. there s only one road that remains in and out of the city, the pincers are closing. before, we were fighting against the professional ukrainian army, but now we fight against old men and boys. ukrainian forces are still defending the city, street by street and reports suggest reinforcements are being sent in, but these russian troops say the ukrainian army is destroying b ....

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BBCNEWS BBC News at One July 6, 2024

of children in the uk. charities condemn the govenment for holding back half the money it promised to spend on the social care workforce in england. hundreds of former football and rugby players take legal action, claiming they weren t reasonably protected from head injuries. why life could get easier for air passengers, with the rules on carrying liquids to be relaxed. and the belfast boy awarded the freedom of the city for inspiring changes to the laws on donating organs. coming up on the bbc news channel. british boxer amir khan is banned from sport for two years after testing positive for a prohibited substance following his fight against kell brook last year. good afternoon. donald trump is preparing for his historic court appearance in new york today, when he ll become the first former us president to face criminal charges. he denies allegations that he paid hush money to the porn star stormy daniels before the 2016 presidential election. mr trump, who wants to ru ....

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