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bbc news. studio in singapore, this is bbc new- welcome to bbc news. our top story today: the us defence secretary says he had a rare phone call with his russian counterpart in the aftermath of a collision between a russian fighterjet and a us drone. the race is now on to recover the wreckage of the drone which is thought to be 1,200 metres deep in the black sea. russia has also said it will try to find the wreckage. meanwhile, america s top general said the whole incident was a result of russia s increasingly aggressive behaviour in the area. us defence secretary lloyd austin gave this update earlier. asi as i have said repeatedly, it is important that great powers be models of transparency and communication. the united states will continue to fly and to operate wherever international law allows. and it is incumbent upon russia to operate as military aircraft in a safe and professional manner. our diplomatic correspondent, james landale, has this report from kyiv. thi ....
In banking. in other words, there are issues of interconnectedness, there are issues of which other backs, for instance in europe, would be exposed to credit suisse, and that s where the european banks in general including eurozone banks come into question, not mentioning even asian banks. the market is very nervous for risk contagion and that s the issue that we need to wait and see if another 2a hours, 48 hours to see what emerges. hours, 48 hours to see what emerges- emerges. that was fariborz moshirian, emerges. that was fariborz moshirian, professor - emerges. that was fariborz moshirian, professor of - emerges. that was fariborz . moshirian, professor of finance and banking at the university of new south wales, speaking to me a little earlier. the british chancellor, jeremy hunt, has pledged to build for the future in his first budget, promising it will deliver economic growth. he told mps that the country s financial forecast has improved, and the economy will avoid going i ....
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