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the swiss central bank has agreed to provide a loan of more than $50 billion to the troubled banking giant, credit suisse, if needed. shares in the bank have plunged 24%, sparking a wider sell off in european stocks, which closed down more than 3%. it comes days after the failure of silicon valley bank in the us. our correspondent, michelle fleury, has more. hopes michelle fleury, has more. the problems of us bar would hopes the problems of us banks would stay in the us haven t panned out, shares in switzerland is second largest bank credit suisse dropped 20% to record lows, should point out credit suisse is a bank which has been in turmoilfor years as one wall st analyst ported a slow moving car crash will stop to new things have happened speaking investors, it has material we in its financial reporting and its top back ruled out lending it any more money, all of this is adding to concerns about the global banking system, in an attempt to stabilise the troubled lender ....
a very warm welcome to the programme. we begin here in the uk. it is the morning after that budget. the chancellor has insisted his first budget is transformational and will get people back into work. jeremy hunt set out major changes to pensions and benefits, as well as an expansion of free childcare in england, all designed to boost economic growth. the new pension tax rules will allow higher earners to save more into their pensions, tax free. the opposition labour party has said it s the wrong priority for the wrong people. emma simpson reports. at this nursery in south east london working parents like charlie love the idea of 30 hours of free childcare for those nine months and over in england. her daughter, dorothy, will hopefully qualify. will hopefully qualify. other to - line, will hopefully qualify. other topline, ecstatic, will hopefully qualify. other topline, ecstatic, i ve - will hopefully qualify. other topline, ecstatic, i vejust i topline, ecstati ....
we ll be live injerusalem. british counter terrorism police take over the investigation into a firebomb attack at an immigration centre, as the government vows more radical policies to tackle growing numbers crossing the channel: the scare was very significant and we are, i m afraid, singer asylum system being overwhelmed by the numbers choosing to cross the channel. a week till the us mid term elections, we report from arizona where republican politicians who say the 2020 election was stolen, are running for office: we are expecting to hear from bolsonaro. let s have a look at what s happening at the palace and all the votes counted, lula 150.9% against his arch rival mr bolsonaro 49.i% against his arch rival mr bolsonaro 49.1% and so, a very tight margin. and mr bolsonaro possible supporters are simply not accepting it. there blockading roads and protests. we are waiting to hear if bolsonaro will concede defeat and we are waiting for 46 hours and will go back to l ....
elections suggest the far right have made historic gains. voters turned out in strength at the highest level for a0 years for the snap polls called by president macron last month. a decision that shocked many and spooked financial markets, raising questions over the stability of the eurozone s second largest economy. a quick recap of those exit poll results. marine le pen s far right national rally party came top with more than a third of the vote, followed by a surge in support for the left wing coalition with around 28% of the vote. and president macron s centre right alliance of parties relegated to third place. final results won t be known for another week with a second round of voting next sunday. joining me now is sonia renoult, rates strategist at abn amro bank. hello and welcome to the programme. first off, give us your reaction to those results in the markets reaction as well. , , , ., well. yes, the results were not reall a well. yes, the results were not ....
and he ll be leading our coverage throughout the evening. hello, christian. good evening, welcome to brussels. the room is filling up quite nicely, around 1000 journalists here from around 1000 journalists here from around the world to report on the elections. and down there are some very nervous party officials. in the next hour we will start to get the first national estimates of the 27 countries that have been looting. have been the voting. 21 of the 27 countries voting today, until late afternoon although polls in italy, which has 76 seats in the parliament not due to close until 11:00 tonight. it does feel a little bit like the eurovision here, we have presenters on the stage from time to time warming up. each country will report as we go through the night. this is the end of a journey for us. we have been covering the campaign for eight weeks now, we have been to the netherlands, france, spain, germany, poland, before we arrived here in belgium. and although the issu ....