Let me bring you two new lines coming in in the last few moments. Reuters news agency reporting that alerts are being sounded in more towns in northern israel. Warnings of incoming aircraft, i say aircraft, the thought is we are talking about drones. That is happening in the north, alerts in more towns in northern israel with warnings of incoming aircraft. We are keeping an eye on that, we have been talking to our correspondent on the borders with lebanon so well get the latest on that line. And diplomatically the Afp News Agency reports that china has urged, quote, an immediate ceasefire in a call with palestinian officials. That is coming from the Foreign Ministry in the last few seconds. If there are more details we will obviously return to those. Time for a look at the Business News now with ben thompson. Thank you, matthew. We will look through some of those top Business Stories right now. Economies around the world are assessing the potential fall out of the conflict between israel and gaza. First up, the us treasury secretary janet yellen. She says she continues to expect the us economy to have a soft landing, even though the fighting poses significant additional risks. Speaking this morning, ahead of the Imf World Bank meeting in marrakesh, ms yellen said washington was monitoring the potential Economic Impact of the escalating conflict. We stand firmly behind israel and are there to support israel in any way necessary. While we are monitoring potential Economic Impacts from the crisis, im not really thinking of that as a major likely driver of the Global Economic outlook. So we will see what impact it has. Thus far, i dont think weve seen anything suggesting it would be very significant. Lots of things remain uncertain. A little earlier, i spoke to gregory peters, co chief Investment Officer at pgim fixed income. He outlined some of the wider risks facing the us economy. It is clear there is lots of moving parts. It is too early to tell. But i think that Secretary Yellen is right that the trajectory has not changed, the us economy looks like it is heading to a soft landing but the risk of recession is still quite high, that is the challenge for Market Participants and economists at this point. The Market Participants and economists at this point at this point. The world economy, midway through at this point. The world economy, midway through what at this point. The world economy, midway through what is at this point. The world economy, midway through what is probably | midway through what is probably described as a fragile recovery after the effects of covid and a slowdown in countries like china, notably. How fragile is that recovery and is a shock like there is enough to derail a recovery . It is enough to derail a recovery . It is thought quite fragile, for sure. At this point in time i dont think it has an impact. We have yet to see it has an impact. We have yet to see it fully unfolds and if it has a meaningful impact on energy prices, but puts more pressure on inflation makes the Growth Picture even more fragile. We are in a way to and see mode and it is very hard to be clear weather this will have an impact or not as we have to see how it plays out. In new york, the trial of the ftx Crypto Exchange founder Sam Bankman Fried is underway. He has pleaded not guilty to fraud and conspiracy charges related to the collapse of ftx, the now bankrupt Cryptocurrency Exchange he ran. On the Witness Stand Today is a key member of his inner circle, caroline ellison, who is continuing her testimony from yesterday. Out north America Business correspondent erin delmore was at the courthouse and told me about the significance of caroline ellisons evidence. Caroline ellison is the star witness for the prosecution. This was reflected yesterday in the level of excitement at the court in an absolutely packed court. She is the former ceo of a Crypto Hedge Fund founded by Sam Bankman Fried and was personally close with the defendant. They dated off and on for a number of years and even lived together in a 30 million penthouse in the bahamas with executives from both companies. She told the jury yesterday that she and Sam Bankman Fried committed financial crimes together. She said they took billions of dollars from Ftx Customer Funds and used to pay for investment and to pay back lenders, she said they took billions of dollars. She has pleaded guilty and is working with the prosecution, Sam Bankman Fried has pleaded not guilty to fraud and conspiracy charges. It is an astonishing case, not only looking into what went wrong and where the money went but it could determine how crypto is regulated going forward. You were in court yesterday, did anything stand out to you as particularly remarkable . So much about this case centres on the relationship between the Research Company and ftx. The heads of each of those companies, Sam Bankman Fried and ellison, were personally close. She said she felt deferential towards him and awkward around him, that it was difficult for her to be dating her boss. She said she looked to him for all major decisions, ran them all by him, and the most stunning moment in the courtroom is when she was asked to identify the defendant in the courtroom, she took about ten seconds, maybe more, to do so, standing up, turning her body, craning her head before saying i see him there in a suit, which was stunning for two people who lived and worked together and dated, but they have not seen each other since the collapse of ftx. The latest on that trial from new york, we will keep you up to date with that, it could have far ranging implications for how crypto is regulated in future. British airways says its suspended operations to and from tel aviv over safety concerns. Today, the airline diverted a flight from london to tel aviv, not long before it had been due to reach the israeli city. Ba says its monitoring the situation in the region closely. All flights have been suspended until wednesday afternoon at one of englands busiest airports after a fire caused the partial collapse of a multi storey car park. An eyewitness at luton airport, north of london, reported hearing loud explosions from cars going up in flames and said the fire took hold at incredible speed. Some developing news from the United States related to the p in the middle east, the Transportation Secretary in the country, now working with us airlines to try to continue services to and from israel. Many countries around the world have been monitoring the safety situation very closely and updating us on that continuing it safe to so. Ea suspending flights to and from tel aviv. In the United States the Transportation Secretary is trying to find ways the airlines can continue flights safely to and from israel. Big questions about that, but work going on behind the scenes. Continued coverage of events in the middle east is coming up for you on bbc news. Around the world and across the uk, you are watching bbc news. Lunchtime in bristols city centre and you would think this is the only Sandwich Shop in town. Business is brisk and they are keeping out of the door. It is not hard to see why. It is so good, value for money whites, £8 for a sandwich like that, cant go wrong. Whites, £8 for a sandwich like that, cant go wrong cant go wrong. Nobody needs convincing cant go wrong. Nobody needs convincing about cant go wrong. Nobody needs convincing about the cant go wrong. Nobody needs i convincing about the sandwiches, cant go wrong. 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Israel has said up to 150 people were taken captive when hamas launched its surprise attacks, hamas says it has hidden and unsafe places and tunnels within gaza. These are the law live pictures in gaza, another large explosion, a plume of smoke on the horizon. In terms of the hostages, hamas has threatened to kill them if civilian homes are bombed by israel without warning. The bbc has a team ofjournalists looking at what the situation is like and where the hostages could be. Thank you mccamley has the analysis. We are speaking to family members. This womans family said they spoke to her as she was running away from militants at the music festival, they say she broke her leg, fell over and now they simply do not know where she is. She over and now they simply do not know where she is where she is. She explained to us that there was where she is. She explained to us that there was a where she is. She explained to us that there was a lot where she is. She explained to us that there was a lot of where she is. She explained to us that there was a lot of bombs where she is. She explained to us that there was a lot of bombs and shooting everywhere, you could hear yelling and shooting. In shooting everywhere, you could hear yelling and shooting. Yelling and shooting. In norway, this grandmother yelling and shooting. In norway, this grandmother had yelling and shooting. In norway, this grandmother had spoken. Yelling and shooting. In norway, this grandmother had spoken to | this grandmother had spoken to norwegian journalists. This grandmother had spoken to norwegianjournalists. She said her Daughter In Law and some of her children managed to escape that after four days she has not heard from her sun or grandson i did this interview you can see she is clearly distraught. Translation i interview you can see she is clearly distraught. Translation distraught. Translation i dont know if he has distraught. 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She had this message. Translation i ififiiiii 15yearold daughter. She had this message. Translation message. Translation i will do an hint , message. Translation i will do anything. We message. Translation i will do anything, we will message. Translation i will do anything, we will do message. Translation i will do anything, we will do anything message. Translation i will do anything, we will do anything to l message. Translation i will do l anything, we will do anything to get you back. To what your Hostage Takers tell you. Be strong, you are heroes, the whole country is behind you and Everyone Else who has been held hostage, Everybody Loves you. Been held hostage, Everybody Loves ou. , been held hostage, Everybody Loves ou. ,. , been held hostage, Everybody Loves ou. ,. ,. , you. There are people and families the bbc and you. There are people and families the bbc and our you. There are people and families the bbc and our partners you. There are people and families the bbc and our partners have you. There are people and families the bbc and our partners have not| the bbc and our partners have not been able to contact yet. The Charity Side Planets Reports on facebook that its founder has been missing since october the 7th. It is important to note that when we see footage like this, disturbing footage like this, disturbing footage of people being taken, we dont know what has happened to them or what condition they are in or where they are. The complexity of that has been highlighted in the case of this german tourist. She was reported to have died following on from this footage that was released but appear to show her body in the back of this track, but since this footage and batch reporting, her mother has spoken to german media to say she believes is alive. If you want to follow the story online we have correspondences from across the world updating the live page, head to bbc news for more. The latest from the red cross, five of their members have been killed in gaza as a result of what is happening, no exact timeframe in terms of weather this was today also on saturday but confirmation that five of their members have been killed in gaza. I was only saying about 20 minutes ago that the un beside nine staffers working for the Un Palestinian Refugee Agency have been killed in their air strikes Refugee Agency have been killed in theirairstrikes in Refugee Agency have been killed in their air strikes in gaza since saturday. The latest in terms of the impact it is having on the eight workers on the ground, and if we can get more, we will return to the edge. Earlier, i spoke to the bbc� s diplomatic correspondent, paul adams who was in gaza in 2014, the last time israel ventured into the territory. So i arrived atjust at the end of the air strikes and just as the Ground Operation got under way. That was a pretty terrifying experience and all the signs so far this time around are that this is being done on an infinitely bigger scale. The destruction already wrought on parts of gaza is, as weve seen, pretty awesome. The last time i checked on the rising death toll, if around 1,000 palestinians have already been killed since saturday, thats almost half as many as died in six weeks of the 2014 operation, so that gives you some idea of what were talking about. The other thing, and this is thinking back to what bel trew was just talking about, what you experience is vast numbers of people on the move. I met families in 2014 who had moved not once, not twice but three times each time trying to escape the fighting, because every time they moved, it came closer to them and it becomes more and more untenable. If this is going to be conducted on the kind of scale that we are anticipating, notjust to break up hamas, to render its military infastructure irreparable, but to uproot the political oraginsation altogether, then it is likely that we are going to see much, much worse destruction. Mark regev, he was on newsnight, we played the clip earlier, he gave a little glimpse of that in that interview, in terms ofjust how much change they think they want to see before this actually ends. Yeah, they want to create a whole new paradigm, they want a gaza without hamas. And after what happened on saturday, clearly the popular pressure and the International Support for such an objective is overwhelming, and that gives Benjamin Netanyahu a very substantial following wind. But how practical is it, though . I suppose that is the only obvious question. It will be insanely difficult. This is an organisation that has built up over 30 years, it is deeply embedded in the gaza strip, both militarily, right there, embedded within the civilian population, but also politically. Some of its key leaders are abroad, not in gaza. Clearly the israelis will try to kill as many of those as they can. Whats left once you have destroyed it, you have a captive population, 2 Million People who are ungoverned because hamas is the governing structure also in gaza at the moment. So talk of re occupying gaza, at least temporarily, seems like a very real possibility. As for the destruction, i have read Israeli Military commanders saying if palestinians have to live in tents for the foreseeable future, then so be it. In terms of what we have heard from western capitals, you touched upon it but all of them talking about the barbarity of the attacks, talking about israels right to defend itself and that gives space for Benjamin Netanyahu, but, ultimately, over the coming days, if not already, your assessment on the pressure he is under with all those hostages, as well, the whole of the situation, the attack on saturday . I think hes clearly under enormous pressure to act, and to act quick