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 the markets seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. and other stocks are up too. 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
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
majority of workers, they have the most votes in this. if they get behind us, then this could get through. if other small unions don t recommend this, for example unite, that might not matter. at this stage it s not clear whether all the unions are going to recommend this offer to their membership. my sense is that the unison, gmb unions will probably get behind this. but it s a big question whether the membership are going to think that is good enough. there is a lot of anger out there. and why is it a sense of suddenly more serious talks now? i was interviewing a key union leaders fought some time, so be it for them, it was completely obvious obvious, that they were offering olive branches to the government that were not being taken up. what changed? that were not being taken up. what chanced? ~ , ., ~ that were not being taken up. what chanced? ~ , ., ,, . changed? why do we look like we re closer to a hat changed? why do we look like we re closer to a hat deal chan
nasa prepares to make a second attempt later to launch its most powerful rocket to the moon, five days after technical problems scuppered the first. and, serena williams is defeated in the third round of the us open in new york, in what is likely to be her last competative match. now on bbc news, borisjohnson: departing downing street, looking back at borisjohnson s time in number 10, from brexit to the coronavirus pandemic, partygate and the russian invasion of ukraine. a warning that this programme contains flashing images. six weeks ago, a typhoon fighterjet took off from an raf base in lincolnshire. its co pilot just announced he was about to become britain s ex prime minister. after three happy years in the cockpit, and after performing some pretty difficult if not astonishing feats, i am now going to hand over the controls, seamlessly, to someone else. i don t know who. boris johnson believes in the great man theory of history, and he thinks he is that great man, li
in the next three to five hours. mourners have paid their respects to the last soviet leader, mikhail gorbachev, who was buried in moscow, this afternoon. a £2 cap on bus fares across england for three months from january is announced by ministers in the hope it will help people cope with the rising cost of living. a to me, it is a no brainer. there is no point taking the car and then paying for parking fees and everything. it is costing me £15, normally, for a trip, for a day ride for myself and then a day ride for my children. it is extortionate. this will help with millions ofjourneys through the toughest months of the winter, when we know things are going to be tough. and i think it will help attract people to the bus, particularly at a time when fuel costs are so high. russia s main pipeline transporting gas to europe through germany will now not reopen as planned. russian state energy firm gazprom said it had found an oil leak in a turbine on nord stream 1, meaning it