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BBCNEWS BBC News July 6, 2024

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 q ....

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BBCNEWS BBC News July 6, 2024

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 ....

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BBCNEWS Out of the Shadows July 6, 2024

translation: we shouldn t have to hide it any more. ﬁn translation: we shouldn t have to hide it any more. hide it any more. on putting one of the hardest hide it any more. on putting one of the hardest stories hide it any more. on putting one of the hardest stories about hide it any more. on putting one of the hardest stories about my - hide it any more. on putting one of the hardest stories about my life i the hardest stories about my life out there the hardest stories about my life out there and the hardest stories about my life out there. and it s the hardest stories about my life out there. and it s petrifying. - that was literally just that was literallyjust minutes after i gave birth to him. he was just so young. i was only ia years when i met him. he was ten years olderfor me, and from when i met him. he was ten years older for me, and from that moment he began grooming me. at the time, i didn t see it for what it was. i thought that s how love we ....

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BBCNEWS Breakfast July 6, 2024

will be finding out what people make of the chancellor s announcement. there s big changes to pensions to encourage people like doctors to stay in work butjeremy hunt s plans prompt accusations his budget favours the rich. check before you travel. rail workers in the rmt union take part in another strike in their discpute over pay, jobs and working conditions. no miracle in madrid for liverpool as they lose their second leg against real and are knocked out of the champions league humbled 6 2 on aggregate. and we hear from kate middleton s childhood piano teacher, who s written a song for the nation to sing on king charles s coronation day. good morning. a much milder day for most of us today, compared to yesterday, but it is going to be cloudy with some showers, and longer spells of rain at times. the chancellor, jeremy hunt, insists his budget will get people back to work and won t just benefit the rich saving for retirement. his comments come after labour criticised his pla ....

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BBCNEWS World Business Report July 6, 2024

that s the message sent by the european central bank as it ploughs ahead with plans to raise rates, despite sluggish growth in the eurozone, and turmoil in the banking sector. the ecb s main interest rate was hiked by 50 basis points to 3.5% as it tries to keep a lid on rising prices. but the language from policymakers has begun to strike a new note, dropping a reference, used in previous statements, to the need to raise rates significantly going forward. agnese ortolani is a europe analyst at the economist intelligence unit. so, we have had this rate rise within the last hour. give us a sense of what this tells us. they don t seem to be overly concerned about the banking sector. yes indeed, about the banking sector. yes indeed. the about the banking sector. yes indeed, the ecb about the banking sector. 13; indeed, the ecb decided about the banking sector. yes indeed, the ecb decided to go ahead with this, because it is related to inflation the euro zone, so it is ....

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