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BBCNEWS World Business Report July 6, 2024

the ripple effects from the collapse of silicon valley bank on friday are being felt accross the world. the us government has now said it will ensure all svb account holders will be able to retrieve any funds they have on monday morning. a statement by the us treasury and federal reserve said the plan will ensure the resilience of the broader us banking system. meanwhile in the uk, the government is warning that up to 200 british start ups and technology firms, are at risk, following the collapse of svb. its british arm, svb uk, has helped with financing for numerous technology and life sciences companies. but it s now feared they won t be able to pay wages or suppliers. the government is due to announce what their plan is to help these firms effected before the markets in london open this morning. here s our business correspondent, marc ashdown. at silicon valley bank we deal in innovation. it s the cool bank for cool customers. the uk arm serves 3500 of the brightest ....

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BBCNEWS World Business Report July 6, 2024

and winds of change. cloud computing, augmented reality, and 100km/h yachts! how sailgp hopes to get the video game generation on board. this we start with the cost of borrowing because it is on the rise again. in the next few hours the bank of england and the european central bank are both expected to increase their main interest rates by half a percentage point to their highest in m years as they battle to bring inflation under control. good news for savers of course, but piling more pressure on businesses and many people with loans and mortgages. for the bank of england, it would be the tenth rise in a row and would take the cost of borrowing to 4% its highest since 2008. on wednesday the us federal reserve announced a quarter percent increase a much smaller rise than in recent months. but its chair, jerome powell, warned that it would not be the last. as samira hussain in new york reports after in new york reports a year of aggressive rate increases after a ....

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CNN Erin Burnett OutFront July 6, 2024

revealing interview, and confesses to being, quote, a terrible liar. and the latest on jimmy carter. i ll speak to one of his top white house advisers who helped engineer his rise from governor to president. let s go outfront. good evening. i m pamela brown in for erin burnett tonight. welcome to a special edition of outfront. and tonight, ready for anything, ukraine s military preparing for provocative acts by rucha to mark the one-year anniversary of its invasion. the warning as president biden made an unprecedented surprise visit to kyiv to meet with president zelenskyy, sending a painful reminder to putin of how his invasion plans have failed. the visit also stinging russian troops already dealing with major morale issues. a telegram account managed by russian military bloggers noting biden has done something putin has not, saying, quote, almost a year after the beginning of the special military operation, we are waiting in the russian city of kyiv for the p ....

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CNN CNN Newsroom Live July 6, 2024

support nearly a year after russians full scale invasion of ukraine. tennis top diplomat is expected in moscow, over fears that baiting might send lethal aid to support russia s war. then a massive 6.2 magnitude aftershock hits turkey, just two weeks after the devastating quake that left tens of thousands dead. so, it is just after eight in the morning, and in warsaw poland, where u.s. president, joe, biden is set to begin a two-day visit following a symbolic and highly secretive trip to ukraine. in the hours ahead, mr. biden will be meeting with the polish president in warsaw castle, as he marks nearly one year since russia s invasion of ukraine. and that falls a surprise trip to kyiv, on monday. a unprecedented presidential visit to an active war zone with no significant u.s. military presence. think about. that air raid sirens, in, fact could be near kyiv as he arrived. mr. biden walked alongside mr. zelenskyy, outside st. michael scott pedro and some winter sunshine ....

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BBCNEWS BBC News July 6, 2024

brindley and leads wrote to the premier league to question every ten s finances, at the time tamimi remember that they were involved in an almighty relegation struggle and everton ultimately stayed up among those huge celebrations that you could see at goodison park. but what the other clubs were questioning was that everton had posted losses of £370 million over a three year period. and under primarily rules, clubs are only allowed to post losses of £105 million over a three year period. now everton insisted they had complied with the rules. they said that a large amount of their losses were caused by covid and that those could be written off. everton had issued a statement saying that they strongly contested the allegations and say they are entirely confident that they remain compliant with the financial rules and they will robustly defend their position. the case will now be heard by an independent commission if everton are found guilty, they could face a fine, the ....

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