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BBCNEWS BBC News July 6, 2024

11 of america s biggest private banks have stepped forward with a $30 billion rescue package for the troubled first republic bank. fears had been growing that the regional lender might be at risk of failure as a result of market turmoil. our north america correspondent peter bowes has more. well, this clearly is a big boost. there were fears it could go underjust like silicon valley bank did last week, and this $30 billion from 11 major banks that includejp morgan chase, citigroup as well, crucially important to keep first republic alive, because first republic is a very prominent bank here in california, in los angeles. over the last few days, we have seen people queueing outside to take their money, their investments out of that bank and place them with other larger banks, such has been their concern that it could go under. there has been a ripple effect, if you like, throughout the banking communities, and a ripple effect that we have seen really now go right across ....

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BBCNEWS BBC World News July 6, 2024

hello and welcome. new zealand s government has become the latest to ban tiktok on devices with access to its parliamentary network, due to security concerns. this is because of fears that the chinese owned app passes information about users to the chinese government, something the owners, bytedance, deny. earlier on thursday, the uk followed the united states, and the european commission, in banning the app from sensitive government devices. china says it s a politically motivated decision, not one based on facts. our news reporter, azadeh moshiri, joins us now. why governments are so worried? given by lbs is a chinese company that owns tiktok, governments are concerned that user could be violated and uses personal information can be passed on to the chinese government bytedance. but bytedance and tiktok deny this, saying there is nowhere the chinese government can get its hands on the data, but this is why governments are so concerned, it is because the extent of ....

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BBCNEWS World Business Report July 6, 2024

hello there. we begin in the us where, in an extraordinary move to contain panic in the banking system, 11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic. shares in first republic plunged, as investors worry that it could be the next to fail. it follows the stunning collapse of two other specialist lenders, including silicon valley bank. samira hussain reports from new york. the collapse of two us banks have spooked investors who are now left wondering which bank could be the next to fail. that s been putting a ton of pressure on smaller regional banks. depositors at first republic have withdrawn billions of dollars and the regional banks share price has been cut in half. now the biggest of the american banks have stepped in, led by the likes ofjpmorgan and citigroup, 11 companies have agreed to make $30 billion of uninsured deposits in first republic. they have done this in the hope that it will be enough to shore u ....

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BBCNEWS BBC News July 6, 2024

that was the goal which took chelsea into the quarter finals 2 1 on aggregate. benfica are through to the last eight of the champions league after a 7 1 aggregate win over club brugge. rafa silva opened the scoring for the home side before goncalo ramos got himself on the scoresheet in first half stoppage time. ramos quickly added a second shortly after the break to put benfica three up on the night. a flurry of goals would follow, with bjorn meijer grabbing a late consolation for brugge with this superb finish three minutes from time. the former croatia defender slaven bilic has been sacked as manager of watford, in the championship. the side have won just once in their last 8 games, as they attempt to return to the premier league. it s a 9th manager in less than four years for the second tier club, who are now outside the playoff places, in 9th position. bilic had been there forjust over 5 months. former sheffield united and middlesbrough boss chris wilder has taken o ....

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BBCNEWS BBC News July 6, 2024

out in full, so everybody knows the facts. but all in all, this has been a terrible tragedy and there are still questions to be asked as to why and how this car came to be around the corner here, in a crash site on its own and wasn t discovered for almost 48 hours after the crash took place. uefa, the governing body of european football, will refund liverpool fans who had tickets for the champions league final in paris last year. a recent independent report owned uefa ball primary responsibility for the chaotic scenes before the game against real madrid where fans were pennedin against real madrid where fans were penned in and sprayed with tear gas outside the star to france as was delayed by 36 minutes. uefa says the scheme covers all of the liverpool fc ticket allocation for the final. a court heard today how nine year old olivia pratt korbel was killed by a gunman in what was described as a ruthless pursuit of a man who was his intended victim. olivia was fatally wounded ....

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