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BBCNEWS Outside Source July 6, 2024



and his supporters. we start with the troubled global banking sector. european markets have closed down more than three percent, spooked by a major sell off of shares in the swiss banking giant, credit suisse. coming days after the collapse of us based silicon valley bank, it s prompted fears of a full blown crisis in the sector. let s take a look at the damage at the close in europe today. shares in credit suisse plunged to a record low, falling 24%. that came after its biggest investor said it could not give the bank any more financial help. here in the uk, the insurer prudential tumbled 10%, and the high street bank barclays, 8%. the plunge by banking stocks left london s ftse 100 down almost 4% at its lowest level this year. it was the index s worst one day performance since the start of the covid 19 pandemic. taking a closer look at credit suisse today was the second day of sharp falls for its shares after the swiss bank yesterday disclosed that its auditor had i ....

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BBCNEWS BBC News July 7, 2024



robbie williams was talking to colin patterson. time for a look at the weather. here s darren bett. let me entertain you for the next two and a half minutes. not many songs i could have chosen, a few dodgy titles there. we will be warming up in the next few days mainly because the wind direction is changing, more of a southerly breeze. later in the week, a band of rain will come down from the north west, from the atlantic, and it is this cloud here that will bring the rain. that is continuing to thicken, still a long way off. ahead of that, i thin a band of cloud threatening rain in the north west. many parts still have cloudy skies like yesterday. thin in places, a bit of sunshine around, especially across southern counties of england, parts of wales and northern ireland. most places will be fine and dry, 17 19 c, warmer than yesterday. this evening and overnight, a lot of cloud will break up, so clearer spells developing. still the potential for some rain up, so clear ....

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BBCNEWS BBC News July 7, 2024



world powers condemn the self styled referendums being held in parts of ukraine on whether to join russia the home secretary tells police chiefs that common sense policing must take priority over diversity and inclusion initiatives as she sets out her priorities for her crime cutting agenda. hello and welcome. the government has defended its sweeping range of tax cuts from criticism that they favour the better off. the chancellor kwasi kwarteng s package of measures include scrapping the top rate of income tax for the highest earners and reducing the basic rate by a penny moves the government say will promote growth. the institute for fiscal studies says the richest who pay the most tax will benefit most. our political correspondent helen catt reports. it s an all out attempt to grow the economy with the biggest tax cuts in four decades. at spitalfields market in east london, they are taking stock of a mini budget that s signalled a massive shift in political dire ....

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