hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far the markets seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. and other stocks are up too. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly
hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far things seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly and remove their funds from banks
supporters in prague petr pavel said it was time to return those values to politics. now on bbc news. new hope in hard times: fighting the cost of living crisis. you want a piggy back? are you going to be superman, are you? nobody can afford to keep up with anything. i don t know how i ll cope, i really don t. it s autumn 2022, and anita s got troubles. troubles from every direction. absolutely shattered. i m constantlyjust lying in bed and just thinking about how am i going to pay this? how am i going to pay that? i m trying to make you a den. money is beyond tight. try that, brett. for little brett and his two older sisters, the outside world can feel scary. there s a monster out there. what monster? a huge one. a huge one? oh my goodness. for his mum, the monsters are getting real. i ve always managed with the money i get, me benefits and the money that i earn from work. i ve always just managed to manage, but ijust can t do it at the minute. it s the gas, the electricit
and guitarist tom verlaine, who s died at the age of 73. he founded the legendary art rock band television famous for their seminal debut album marquee moon. you re watching bbc news. now it s time for new hope in hard times: fighting the cost of living crisis. you want a piggy back? are you going to be superman, are you? nobody can afford to keep up with anything. i don t know how i ll cope, i really don t. it s autumn 2022, and anita s got troubles. troubles from every direction. absolutely shattered. i m constantlyjust lying in bed and just thinking about how am i going to pay this? how am i going to pay that? i m trying to make you a den. money is beyond tight. try that, brett. for little brett and his two older sisters, the outside world can feel scary. there s a monster out there. what monster? a huge one. a huge one? oh, my goodness. for his mum, the monsters are getting real. i ve always managed with the money i get, me benefits and the money that i earn from work.
troubles from every direction. absolutely shattered. i m constantlyjust lying in bed and just thinking about how am i going to pay this? how am i going to pay that? i m trying to make you a den. money is beyond tight. try that, brett. for little brett and his two older sisters, the outside world can feel scary. there s a monster out there. what monster? a huge one. a huge one? oh my goodness. for his mum, the monsters are getting real. i ve always managed with the money i get, me benefits and the money that i earn from work. i ve always just managed to manage, but ijust can t do it at the minute. it s the gas, the electricity, the bills, and then the cost of the food that went up. how are you supposed to live, man? bottom line, anita s working. she s got a family. she s got no money. do you want some to eat, sweetheart? this is the first time i ve actually had to say, can you help us? tough times. but as we ll see, there s also hope and help. there s a lot to go through today