one weekend in march, and now we ll see two cultures colliding. there are likely to be manyjob losses, staff will be bracing for those. however, as you say, the boss of ubs has said, look, we have a lot of opportunities here as well, and of course it does mean that ubs is able to access key markets in wealth management that it would have taken years to do had it not taken over credit suisse. and of course the deal reached with the swiss government effectively for the government to back around $10 billion of losses that it could see when it sells of chunks of credit suisse s business, will have helped sweeten this deal. it is going to have a fight on its hand but arguably, credit suisse s footprint does mean that that is probably going to be easier to at leastjoin the fight now that it has all of these assets under management and of course, has already established partnerships around the world. so certainly that will be the ambition. it s a big ambition. i don t think necessar
it s quite a tough market to be in. london attracting more new international tech companies than any other global city and that s not through lack of trying. a lot of countries trying to get those companies to set up there and yet london it seems is leading the way. i think the statistics that came out from london last week to tell the story about london s position, particularly in europe but globally. also the last decade in the digital age, how far it has progressed. i still start saying valuation of tech companies in the uk were $70 billion and that is now up to $621 billion. it shows the whole market specifically is growing but so is the uk. ~ ., ~ ., ., ., ., the uk. we talked a lot about it on the uk. we talked a lot about it on the programme. the uk. we talked a lot about it on the programme, ai, the uk. we talked a lot about it on the programme, ai, rishi - the uk. we talked a lot about it on the programme, ai, rishi sunak- the programme, ai, rishi sunak touching on it ther
his original proposal over the next eight years. this bipartisan proposal, a working plan, has 1.2 trillion of spending over eight years. biden s original had 621 billion for transportation. this working proposal has $312 billion for the same subject. of course, president biden s plan would pay for by raising corporate tax rates. now, this working draft suggests that paying for it in a couple of different ways, including redirecting unused covid relief money, which is something that the white house has consistently said is a non-starter. but listen, if president biden does agree to go forward with this framework, it would give him something that he long, long campaigned for, which is a major piece of bipartisan legislation. either way, democrats in the senate have already started laying the groundwork to go it alone if things do not work out. remember, any piece that they try to go alone using that process called reconciliation is
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