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BBCNEWS Asia Business Report July 6, 2024

that comes after the embattled endo revealed it suffered a huge file and deposits the first quarter. it became under pressure after other banks collapsed last month. we have more from new york. normally when a companies earnings for a quarter are released executives hold a call with analysts where they take questions but that was not the case for first republic bank. executive spoke for about ten minutes and then took no questions. it is perhaps an indication ofjust how bad things had become at the regional bank. during the first quarter, it lost $102 billion in customer deposits. that s way more than half of the $176 billion it had on hand at the end of last year. after at the end of last year. after a silicon valley bank and signature bank were taken over by federal regulators while the street worried that first republic could be the next bank to go down. since it has similar clients to silicon valley bank. people in the start up space. 0n valley bank. people in the s ....

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BBCNEWS World Business Report July 6, 2024

so let s get down to business and turmoil in the banking industry is back. shares in the us regional lender first republic dropped more than 20% in extended trading on monday after it revealed it suffered a huge drop in deposits during the first quarter. first republic came under intense pressure after silicon valley bank and signature bank collapsed last month. samira hussain has more from new york. normally more from new york. when a company is earnings normally when a company is earnings for a quarter are released executives hold a call with analysts when they take questions, that wasn t the case for first republic, executive spoke for about ten minutes and then took no question. it is perhaps an indication ofjust how bad must have become at the regional bank. during the first quarter, it lost hundred and $2 billion in customer deposits, thatis billion in customer deposits, that is way more than half of the $176 billion it had on hand at the end of last year. after at the ....

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BBCNEWS World Business Report July 6, 2024

president in us history asks a divided nation to assess his achievements of the first term. there is much to debate. sweeping economic legislation and the recovery after the pandemic at the foreign policy front, marshalling the western alliance to support ukraine, but there s also the withdrawal from afghanistan on his record and high inflation that continues to undercut the efforts to stage an economic revival across the country. with all of that in mind, we can speak to michelle in new york. this announcement was not met with surprise but has it been met with surprise but has it been met with much enthusiasm? if with surprise but has it been met with much enthusiasm?- with surprise but has it been met with much enthusiasm? if you go by the polling. with much enthusiasm? if you go by the polling, there s with much enthusiasm? if you go by the polling, there s a with much enthusiasm? if you go by the polling, there s a sense - with much enthusiasm? if you go by th ....

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BBCNEWS Business July 3, 2024

This comes, of course, after an incident injanuary this year, when an unused door blew out soon after take off on an Alaska Airlines 737 max, sparking multiple investigations into boeings safety culture. Boeing ceo, dave calhoun, who took over in 2019, after the previous boss was fired, has announced hes leaving at the end of the year. But who will take on the role, now described by some as the toughestjob in Corporate America . Some shareholders want to see a new face from outside the firm. And there is another bone of Contention Boeing Has disclosed mr calhoun was awarded a pay deal of almost 33 Million Dollars this year up 45 on last year. Thats despite a steep fall in the share price. He may not get the full amount of share options, though, if he doe ....

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BBCNEWS BBC News July 2, 2024

after marine le pen s far right national rally party triumphed in the first round of snap parliamentary elections. president macron has called for centre and left wing parties to unite ahead of the next round of voting, which will determine who controls the country s national assembly. according to the interior ministry, national rally and its allies gained 33% of the popular vote. the leftwing new popular front came second with 28%. president emmanuel macron s centrist alliance reached 20%. with this report, here s our paris correspondent andrew harding. cheering. a dramatic win yesterday for france s national rally. the party was, for years, considered too extreme for most french voters, with its anti immigration, eurosceptic platform and its links to the kremlin. but, last night, the rn, as it s known here, secured more than a third of all votes. the party s leader is marine le pen, who has her eye on winning the french presidency next. she told the country it had nothing ....

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