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Transcripts For BBCNEWS BBC News 20240706

welcome to our viewers on pbs in america and around the globe. a group of big american banks has injected $30 billion into a smaller regional bank, first republic, which had been seen as at risk of failure. it comes as fears grow of a crisis in the global financial sector. shares in european banks hit a two month low after the eurozone s central bank hiked interest rates by 0.5%. our north america correspondent peter bowes has more. this clearly is a big boost. there were fears he could go underjust like silicon valley bank did last week, and this $30 billion from 11 major banks that includejp morgan chase, citigroup as well, crucially important to keep first republic alive because first republic alive because first republic is a very prominent bank here in california in los angeles, over the last few days we have seen people queueing outside to take their money, their investments out of that bank and placed them with other larger banks, such as been their concern that it cou

Transcripts For BBCNEWS Newscast 20240706

under your pillow, what are your thoughts? 50 under your pillow, what are your thoughts? under your pillow, what are our thou~hts? ., , your thoughts? so we have been on day two. your thoughts? so we have been on day two, today, your thoughts? so we have been on day two, today, thursday, . your thoughts? so we have been on day two, today, thursday, of| on day two, today, thursday, of the budget. the big picture thing is that some of the think tanks, westminster s brains beyond government have been crunching through it and they have concluded what many a newscaster will know as the kind of bleeding obvious really, but they presented in the spreadsheet and the rest of it, which is that times are really tough people, that wages are squeezed, living standards are squeezed, living standards are squeezed, living standards are squeezed, that household income is squeezed and will be for a while, that the tax burden is the highest it has beenin burden is the highest it has been i

Transcripts For BBCNEWS BBC News 20240706

11 of america s biggest private banks have stepped forward with a $30 billion rescue package for the troubled first republic bank. fears had been growing that the regional lender might be at risk of failure as a result of market turmoil. our north america correspondent peter bowes has more. well, this clearly is a big boost. there were fears it could go underjust like silicon valley bank did last week, and this $30 billion from 11 major banks that includejp morgan chase, citigroup as well, crucially important to keep first republic alive, because first republic is a very prominent bank here in california, in los angeles. over the last few days, we have seen people queueing outside to take their money, their investments out of that bank and place them with other larger banks, such has been their concern that it could go under. there has been a ripple effect, if you like, throughout the banking communities, and a ripple effect that we have seen really now go right across the wo

Transcripts For BBCNEWS HARDtalk 20240706

earlier, the uk, the us and the european commission announced similar bans over security concerns. the chinese owners bytedance deny passing users information to the chinese government. now on bbc news, hardtalk. welcome to hardtalk. i m stephen sackur. ever since the failure of the so called oslo process to deliver a lasting israeli palestinian peace, that conflict has been a matter of mutual recrimination and sporadic violence. but now, the conditions seem ripe for something different, something worse. israel has the most far right government in its history. palestinian disillusion with the status quo seems to be stoking militancy. my guest is palestinian politician, physician and civil rights activist mustafa barghouti. what, if anything, can the palestinians do to improve their situation? mustafa barghouti in ramallah, welcome to hardtalk. thank you. nice to be with you. thank you. good to have you on the show. let s start with the situation in the west bank, where you si

Transcripts For BBCNEWS BBC World News 20240706

hello and welcome. new zealand s government has become the latest to ban tiktok on devices with access to its parliamentary network, due to security concerns. this is because of fears that the chinese owned app passes information about users to the chinese government, something the owners, bytedance, deny. earlier on thursday, the uk followed the united states, and the european commission, in banning the app from sensitive government devices. china says it s a politically motivated decision, not one based on facts. our news reporter, azadeh moshiri, joins us now. why governments are so worried? given by lbs is a chinese company that owns tiktok, governments are concerned that user could be violated and uses personal information can be passed on to the chinese government bytedance. but bytedance and tiktok deny this, saying there is nowhere the chinese government can get its hands on the data, but this is why governments are so concerned, it is because the extent of data t

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