campaign is on his mind while on this trip to scotland and ireland. he says a victory for him would make america greater than ever before. he said earlier we will be leaving for scotland and ireland soon in order to inspect my great properties there. the second largest bank failure in history unfolds in the us as regulators shut down first republic bank and sell its assets tojp morgan. and solving london s housing crisis how one community is building its own solution selling affordable housing to locals. welcome to world business report, i m ben thompson. also in the programme we re going to take a look at the state of the commerical property sector, in the post covid world. but first. let s start in the united states, where us regulators have closed down first republic bank, and sold the troubled lenders assets tojp morgan. it was one of six banks that submitted bids to buy first republic, at an auction run by regulators. it makes it the second largest retail bank failure
if climate change is not prioritised, we are all doomed, that is the dire warning from the head of the un. a sharp rise in the number of people crossing the channel in small boats more than 38,000 have arrived in the uk this year. and millions of children used to watch this every dayjust before the six o clock news. as the bbc turns 100, we look back at children s tv over the decades. and on bbc london. day one for prime minister rishi sunak coming on the bbc news channel, liverpool and tottenham in testing delicate touching distance of the knockout stages. good evening. rishi sunak has appeared before mps in parliament on his first full day as prime minister and announced yet more unravelling of liz truss s plans for growth. the ban on fracking in england is back in place after it was briefly lifted by the former prime minister. the government s economic statement due to be delivered on monday has now been pushed back by almost three weeks to november 17th. and the decis
with them and they lend the money out but they also borrow money from the market on lined that out. when interest rates are so low the margins are barely there at all and when you have interest rates where they are better or a bit higher they are better or a bit higher they don t make any money. then over they don t make any money. then over the last ten or 15 years they have been loading to the property market which is pretty weak indeed and ec further concern. 0ne which is pretty weak indeed and ec further concern. one other element, in days gone by when you took money out of a bank you went to kew and now you click and take it straight out so 100 billion comes out of a bank in a few seconds and that means regulating a bank is much more needing a faster reaction than ever before. we needing a faster reaction than ever before. ~ . ~ ., before. we will talk about the commercial before. we will talk about the commercial property - before. we will talk about the commercial proper
after the mini budget. but could the chancellor use the extra time to explore wider options? rather than cuts to spending on services, could the spotlight shift, say, to higher taxes on businesses who ve benefited from the recent turmoil on energy and financial markets? whatever is revealed next month, the prime minister knows economic stability means more than navigating the current crisis. it will mean boosting long term prosperity in a way that s evaded many of his predecessors. darshini, thank you. there s been another sharp rise in the number of people crossing the channel in small boats this year. more than 38,000 people have already made the journey to the uk compared with 28,500 last year. and of the migrants who arrived