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BBCNEWS World Business Report July 6, 2024

so let s get down to business and turmoil in the banking industry is back. shares in the us regional lender first republic dropped more than 20% in extended trading on monday after it revealed it suffered a huge drop in deposits during the first quarter. first republic came under intense pressure after silicon valley bank and signature bank collapsed last month. samira hussain has more from new york. normally more from new york. when a company is earnings normally when a company is earnings for a quarter are released executives hold a call with analysts when they take questions, that wasn t the case for first republic, executive spoke for about ten minutes and then took no question. it is perhaps an indication ofjust how bad must have become at the regional bank. during the first quarter, it lost hundred and $2 billion in customer deposits, thatis billion in customer deposits, that is way more than half of the $176 billion it had on hand at the end of last year. after at the ....

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BBCNEWS World Business Report July 6, 2024

let s start in the us, where there is growing footsteps. 0k. let s get started, shall we? the cameras do not want to play ball but i can walk back to this position. let s start in the us, where there is growing nervousness in financial markets over the possibility the us could default on its debt. a stand off in congress over plans to lift the federal debt ceiling which is currently at an eye watering $31.4 trillion has led to the cost of buying insurance against a us government default has moved to its highest level in more than a decade this month. so, later today, the republican speaker of the house kevin mccarthy will give a speech at the new york stock exchange, where he s expected to lay out the conditions republicans want democrats to agree to in exchange for movement on the debt ceiling. it sounds like a stand off. scott anderson is chief economist at bank of the west in san francisco. welcome to the programme. what will kevin mccarthy say? what is he goin ....

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BBCNEWS BBC News July 6, 2024

a new agreement called the washington declaration aimed at deterring an attack on seoul. the bbc s seoul correspondent jean mackenzie explained what this agreement involves. so this deal is the us stepping up so this deal is the us stepping up its commitment to use nuclear weapons to defend south korea from north korea. you know, the us is responsible for south korea s event and are always up implied it would use nuclear weapons if necessary but recently people here in seoul have questioned that commitment and they needed part of this deal is the us is going to send one of its armed with nuclear weapons to the peninsular. it will be stationed here continually but it will come periodically. they will form the joint nuclear planning group and this allows south korea to be more involved in understanding how and when the us would use its nuclear weapons. politicians here essentially have been kept in the dark with little understanding of what would actually trigger the ....

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BBCNEWS BBC News July 6, 2024

the washington declaration aimed at deterring an attack on seoul. the bbc s seoul correspondent jean mackenzie explained what this agreement involves. so this deal is the us stepping up its commitment to use nuclear weapons to defend south korea from north korea. you know, the us is responsible for south korea s defence and are always up implied it would use nuclear weapons if necessary but recently people here in seoul have questioned that commitment and they needed part of its submarines, armed with nuclear weapons to the peninsular. it will be stationed here continually but it will come periodically. they will form the joint nuclear planning group and this allows south korea to be more involved in understanding how and when the us would use its nuclear weapons. politicians here essentially have been kept in the dark with little understanding of what would actually trigger the us president to trigger the nuclear button on its behalf, but in return for these us com ....

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BBCNEWS Sunday with Laura Kuenssberg July 6, 2024

just as mr hunt was on his feet. his opponents claim the changes to pensions he s bringing in are a bung for the mega rich. why are we bringing the pensions relief in for the wealthiest in society next month, but those who are really, really struggling with the cost of living now have to wait until next april? and living standards for everyone are still on the slide. yet there s a chipper mood among ministers these days, so we have one big question this morning are there signs that the tories are getting back on track? the man who needs to make sure the government gets things done cabinet minister oliver dowden is with us. labour s lisa nandy will be here too. she s criticised the budget, but how would labour raise our living standards? it s been a terrible week for the snp. we ll hear from one of the contenders to replace nicola sturgeon in the top job, kate forbes. and georgia harrison, the presenter, now campaigner, is here. her bravery put her ex partner behind bars, ....

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