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BBCNEWS World Business Report July 6, 2024

let us get down to business. we start with a fresh look at the banking sector and credit suisse in particular. early marketjitters in response to the ubs takeover of the swiss bank have eased. in asia today, most of the main stock markets are higher with japan closed for a public holiday. the major indices in europe and the united states also closed slightly up on monday. credit suisse is one of 30 crucially important banks in the global financial system and many fear its problems are an indicator of wider risks in the banking sector. so far this month, us and european banking stocks have fallen by 22% and 17% respectively, marking the biggest monthly falls since march 2020 when the covid pandemic hit the markets. here s michelle fleury with a look at how investors in new york responded. yes, there was guarded optimism on wall street following the shotgun marriage between ubs and credit grace that was hastily arranged by swiss authorities over the weekend. the dowjones ....

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BBCNEWS Outside Source July 6, 2024

intentionally or recklessly. and london s metropolitan police under scrutiny, a damning report find evidence of institutional racism, misogyny and homophobia . we start with an accusation from both china and russia that the united states is undermining global stability. it came on the final day of president s xi jinping state visit to moscow. there was plenty of pomp and ceremony. the chinese leader was treated to an orchestral rendition of the chinese and russian anthems, before moving in to the grand hall of the order of st catherine for talks. but consider the circumstances: with russia under heavy international sanctions and increasingly reliant on china. high on the agenda was the war in ukraine and beijing s12 point peace proposal to resolve the conflict, which vladimir putin said could be used as a basis to end the war. but the russian leader said the west had dissmissed the proposals as the basis for talks. we believe that many of the provisions and the peace p ....

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BBCNEWS Newsday July 6, 2024

live from our studio in singapore, this is bbc news. it s newsday. it s 7am in the morning in singapore and 2am in moscow, where president putin has wrapped up talks with chinese president xi jinping for a second day. the two leaders have been discussing what s been described as a peace plan for ukraine, put forward by beijing. president putin has also warned that if the uk goes ahead with a plan to supply ammunition to ukraine, then russia will be forced to respond. our russia editor steve rosenberg reports. take two world leaders. ..a dash of kremlin choreography. ..and you get this. the symbolism was clear. on the world stage, xi and putin, china and russia, are coming together to forge what they claim is a strong partnership. the talk at the table was about expanding cooperation, but equal partners they are not. russia, under pressure over its war in ukraine, is increasingly dependent on china. and vladimir putin is increasingly critical of the west. later, he slamm ....

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BBCNEWS The Papers July 7, 2024

the boss of the bank of england has told investors that its bond buying to stabilise pension funds will end on friday, despite pleas to extend it. the pound dropped sharply against the dollar to below $1.10 after andrew bailey s statement. and buckingham palace has announced that king charles will be crowned at westminster abbey on saturday the 6th of may. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are lord darroch, kim darroch, former uk ambassador to washington and ali miraj, columnist with the article tomorrow s front pages, starting with. the ft leads with the bank of england s latest intervention to buy government bonds but the bank s governor insists the emergency scheme will end by this friday. the i says the prime minister will try and quieten rebels in her own party with a cap on energy profits. the guardian reports that these companies will face a windfall tax. the telegraph leads on the fall in the value o ....

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BBCNEWS The Papers July 6, 2024

factory in china will significantly affect production of the phones and increase wait times ahead of the busy christmas holiday season. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are rachel cunliffe, the senior associate editor at the new statesman, and ali miraj, who s a columnist for the article. the metro leads on rishi sunak s debut on the world stage at the climate conference in egypt where he made a short speech, and features a photo of a warm embrace between the prime minister and french president, emmanuel macron. the guardian has a powerful lead story from cop with the prime minister of barbados mia mottley condemning richer countries for failing the developing world. also leading on cop, the i reports on the un and exploitation of resources, now, and refusing to cough up the money or helping those poor countries who feel the effects most or helping those poor countries who feel the effects most directly. ....

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