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Transcripts For BBCNEWS World Business Report 20240706

hello there. we begin in the us where, in an extraordinary move to contain panic in the banking system, 11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic. shares in first republic plunged, as investors worry that it could be the next to fail. it follows the stunning collapse of two other specialist lenders, including silicon valley bank. samira hussain reports from new york. the collapse of two us banks have spooked investors who are now left wondering which bank could be the next to fail. that s been putting a ton of pressure on smaller regional banks. depositors at first republic have withdrawn billions of dollars and the regional banks share price has been cut in half. now the biggest of the american banks have stepped in, led by the likes ofjpmorgan and citigroup, 11 companies have agreed to make $30 billion of uninsured deposits in first republic. they have done this in the hope that it will be enough to shore up conf

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Transcripts For BBCNEWS BBC News 20240707

the final two candidates should be known by the end of next week. the government is refusing to let parliamentary time for labour s notion of no confidence. they are choosing to play politics with the wedding of the notion and could be debated as the business of the day. let s speak to steve reid, the shadowjustice secretary. very good to have you here on bbc news. i am curious as to the timing of this no confidence motion, why table this vote of no confidence in the government under borisjohnson after we know that borisjohnson is resigning? why didn t labour tabled this before? we resigning? why didn t labour tabled this before? ~ ., ., , , ., this before? we have only ust found out that the this before? we have only ust found out that the conservative this before? we have onlyjust found out that the conservative party - out that the conservative party intends to prop up in office, for another two months, a prime minister who they have now admitted is unfit for office,

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Transcripts For BBCNEWS BBC News at Ten 20240707

executed detainees and murdered unarmed people in afghanistan. the heatwave is expected to hit a peak on monday as temperatures rise towards 35 degrees in parts of the uk. in sri lanka, the president flees the countryjust days after protesters storm his palace. and the extraordinary impact of the deepest, most detailed view of the universe ever seen. and coming up on the bbc news channel. england are bowled out for 110 as they slumped to a miserable io wicket defeat against india in the first one day international at the oval. welcome to the bbc news at 10:00pm. the first round of voting for the new leader of the conservative party will involve eight conservative mps, with the final two candidates selected before the end of next week. so the next prime minister will be one of these. from left to right nadhim zahawi, rishi sunak, suella braverman, tom tugendhat, penny mordaunt, kemi badenoch, jeremy hunt, and liz truss. any candidate attracting fewer than 30 votes tomorrow

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Transcripts for BBCNEWS World Business Report 20240604 05:44:00

let s see what s going on in the market. let s see how the asian markets are faring today. we seen a rally following wall street where us stocks are finishing higher with shares of first republic reversing course from earlier in the day to gain after reports, and then confirmation that the country s biggest banks were discussing a joint rescue. treasury secretary janet yellen also told a senate committee that the banking sector was sound and that, americans can feel confident that their deposits will be there when they need them. joining me now is gervais williams, head of equities, premier miton. has this problem been ringfenced? i don t think it has been typically ring fenced. i don t think it has been typically ring-fenced. further banks will typically ring-fenced. further banks will go typically ring-fenced. further banks will go into typically ring-fenced. further banks will go into some - typically ring-fenced. further. banks will go into some trouble but generally we w

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Transcripts for BBCNEWS BBC News 20240604 19:38:00

instead of getting helped, she got a criminal record. her words have been revoiced to protect her identity. victims were being identified as child prostitutes. once you have been convicted, that label will never leave you. prosecutions are damaging to your life. some children went to prison for not paying the fines. convictions should be completely expunged. there are 47 recommendations which are made in the report, including that the borough council and police should set up a joint task force which should report back annually, that counselling should be provided for victims and that money for specialist teams should be ringfenced. i do hope it s going to bring closure for a lot of people, but i also really hope it s going to open a lot of doors for other people. another survivor, who s known as holly archer, has set up the holly project in telford to help other victims of child sexual exploitation. for the likes of myself and other survivors who have sort of gone

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