trouble in the valley? financial stocks slump as investors move to withdraw their deposits from silicon valley bank, a key lender to start ups. and the uk grows more healthily than expected injanuary but the government warns there s still a long way to go to restore stability. welcome to world business report, i m tadhg enright. we start in the us with a story causing some worries on financial markets. silicon valley bank has been trying to reassure its clients their money is safe after a 60 per cent collapse in its share price since wednesday. svb has been a key lender to many tech start ups the likes of airbnb and linkedin but questions have been raised about its financial health after it launched a huge share sale to raise money. joao da silva has the details. svb dropped massively overnight as the bank revealed it lost $1.8 billion and the folio of securities valued at around $21 billion. as a result of those losses, the bank was forced to rage cash by a huge share sa
is at its lowest level for almost 50 years, according to figures released this morning. the chancellor kwasi kwarteng will meet the treasury select committee to bring you his economic plans. we will have updates about shortly. a hearing is under way at the supreme court on whether scotland can call an independence referendum without the consent of the uk government. there is at the wreck of the mary rose. it has come to the surface and it s exactly a0 years since henry viii s flagship the mary rose was raised from the bottom of the solent after 437 years under the sea. we can now go straight to the nato secretary generaljens stoltenberg to his reaction on those russian strikes in ukraine yesterday and today. we strikes in ukraine yesterday and toda . ~ . today. we will further increase the -rotection today. we will further increase the protection of today. we will further increase the protection of our today. we will further increase the protection of our critical p
countries. they have for many years promoted the right to criticise power and protect the fundamental rights of citizens. they have made an outstanding effort to document war crimes, an outstanding effort to document warcrimes, human an outstanding effort to document war crimes, human rights abuses and the abuse of power. together, they demonstrate the significance of civil society for peace and democracy. this year s peace prize is awarded to human rights advocate from belarus. the russian human rights organisation and the ukrainian human rights organisation centre for civil liberties. ales bialiatski was one of the initiators of the democracy movement which emerged in belarus in the 19805. which emerged in belarus in the 1980s. he has devoted his life to promoting democracy and peace will development in his home country. he founded the organisation meaning spring in 1996 in response to the controversial constitutional amendments that gave the president dictatorial, there s