Giant us steel have fallen sharply, after President Biden weighed in to oppose a near 15 billion takeover of the firm by a japanese company. Us steel is based in pittsburgh, pennsylvania a key battleground in this years election. The takeover deal, agreed in december, has caused major controversy there. But any move to block it could raise tensions with japan a vital ally for the us as it tries to counter the growing power of china. From new york, erin delmore reports. President biden is taking a stand against a deal in the making. Us steel, an american company, is set to be bought by nippon steel, a japanese company. But President Biden says that us steel should stay in the us. L115 says that us steel should stay in the us in the us. Us steel the stronger in the us. Us steel the stronger america in the us. Us steel the stronger america is in the us. Us steel the| stronger america is made in the us. Us steel the stronger america is made here. The president praised the iconic 123 year o
Wall street was being red on tuesday, bank stocks leading the way. Shares in Goldman Sachs fell 2 . The catalyst was moodys downgrading the Credit Rating on several small and me us banks, including mmt and pinnacle financial. The red flag is raised by the Ratings Agency including a potential recession as well as problem so to the commercial real estate set up. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft was reported results after the us market close, ebbo s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in road sharing. Rivi and posted a narrower loss than expected and raised its Production Guidance for the full year.
hello i m sumi somaskanda. welcome to our show. let s take you straight to live pictures from hiroshima, where world leaders are meeting for the g7 summit. at the moment we know that they have already arrived as nick marsh just mentioned, have already arrived as nick marshjust mentioned, we have seen some of the leader is going on, they are expected to exit now and lay a wreath at the hiroshima peace memorial park and there we see them, president biden and the japanese prime minister fumio kishida there as well. the european commission president ursula von der leyen just behind them. again, this is a poignant moment as we just heard from nick marsh there and there of course we saw all of there of course we saw all of the leaders, rishi sunak and the leaders, rishi sunak and the german chancellor olaf scholz. we also see the french president emmanuel macron there and the european council president shall michelle as well as the italian prime minister. we see all of those leader
conflict at its doorstep, either through a belligerent north korea or china s increased aggression against taiwan. and the world s most famous shipwreck, the titanic, we ll show you the first full sized sd scan that s been created. welcome to bbc news, broadcasting to viewers in the uk and around the world. there ve been dramatic scenes in northern italy, after 1a rivers burst their banks, flooding 23 towns. at least eight people died, after parts of the emilia romagna region saw, half a metre of rain injust 36 hours. the extreme weather comes as scientists warned that the world will almost certainly experience its hottest year on record within the next five years. here s our climate editor, justin rowlatt. remember last summer? temperatures in england breached a0 degrees celsius for the first time, driving wildfires and helping make 2022 the hottest year ever recorded in the uk. and we can expect even hotter weather worldwide in the coming years, according to the world meteo