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giant has revealed results for the first quarter of this year. the last quarter before it had to be rescued by its swiss rival andy illustrate the scale of the crisis which was around the corner. betweenjanuary and march, credit suisse made a pre tax loss of nearly one and a half billion dollars and to add to its woes, a massive amount of deposits were withdrawn in that three month period. total output was nearly $69 billion and to remind you what happened next, there were fresh doubts about the stability of the wider banking industry, just a few weeks ago investors became increasingly fearful for the future of credit suisse, it was eventually bought by the swiss rival in what was described as an emergency rescue. the $3 billion price tag a mere fraction of what the bank would have been previously valued. this crop looked cross live to the head of investment at interactive investment. for being with us. what s interesting is that we also heard from credit suisse today that wi
Bombardment . Israel and egypt wont allow the bbc to report from inside gaza but bbc news has obtained exclusive access to footage filmed by an american doctor recently returned from the north of the territory, where the crisis is most acute. Fergal keane sent this report you may find parts of it distressing. This is the story of a doctor who travelled to hell. Desperate voices cry out. Sam attar went to help people trapped by war. He usually works in a Hi Tech Hospital in chicago. In gaza, his skills and mental strength will be tested to their limits. Immediately upon crossing the border, we were met with the familiar Stench Ofjust millions of people packed on top of each other, living together. In some pockets, the air you breathe, you feel like youre decaying, just breathing it, because there are just so many people. The crisis is constant. Lives in the balance. The wounded and the lost. Woman cries. The mother who will not leave the side of her dead boy. Amin, amin you have no ct s
Both Beat Expectations on earnings and revenue, thanks in no small part to investments in artificial intelligence. One Stand Out Spot for alphabet was google cloud revenue, whichjumped 28 in 01. A lot of Generative Ai Tools that rely on the cloud to reach customers. Alphabet announced some good news for investors, its first ever dividend of 20 cents per share, and first ever dividend of 20 cents pershare, and an first ever dividend of 20 cents per share, and an additional 70 billion buy back. That initially sent shares into double digits after the bell. And for microsofts part, its Intelligent Cloud Division delivered greater revenue than expected thanks to Microsoft Partnership but with openai, the creator of chatgpt. Shares rose on the news. And together, they should go some way through restoring confidence in the tech sector which was shaken wednesday after metas stock fell after its own Earnings Report and after the market was rattled by slowing us gdp and stubborn inflation. In ot
Opinion | How Egypt became an essential destination for Chinese investment scmp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scmp.com Daily Mail and Mail on Sunday newspapers.