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Transcripts For BBCNEWS Breakfast 20240704

Begins, cheltenham roar, is the festival begins, kicking off four days of racing. Begins, kicking off four days of racing, culminating in the gold cup on friday on friday. Good morning. A fairly on friday. Good morning. A fairly cloudy day for most of us today. Patchy light rain in the north. Heavy rain in the south. The temperature continues to climb in the next few days. Details later in the programme. Good morning. Its tuesday, 12th march. A long awaited report into Veterinary Services will be published this morning, after concerns pet owners are facing expensive bills when paying for treatments. The Competition And Markets Authority launched the review last year, and has previously said that fees were rising faster than other goods and services during the cost of living crisis. Nina has the details. Good morning. Are you paying too much to care for ....

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Transcripts For BBCNEWS BBC News 20240706



it s been 20 years since the us led coalition began its war in iraq to topple the dictator saddam hussein we ll assess the legacy. and valencia s streets come to life for a five day festival celebrating the spanish city s culture history and people. switzerland s biggest bank, ubs, has agreed to take over its troubled rival, credit swiss. the rescue deal follows a weekend of emergency talks between the two banks, after credit swiss saw its value plummet over the past week. banking regulators hope the deal will restore confidence to the financial markets. credit suisse had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. here s the swiss president speaking at a press conference. on friday, the liquidity outflows and market volatility showed it was no longer possible to restore the necessary confidence, and that the swift and stabilising solution was absolutely necessary. this solution is a ....

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Transcripts For BBCNEWS BBC News 20240706



a group of big american banks has injected $30 billion into a smaller regional bank, first republic, which had been seen as at risk of failure. it comes as fears grow of a crisis in the global financial sector. shares in european banks hit a two month low, after the eurozone s central bank hiked interest rates by a half of 1%. us treasury secretary janet yellen insists the us financial system remains sound, despite a series of bank collapses. let s cross to los angeles, and speak to our north america correspondent, peter bowes. peter bring us up on what the latest is and what is going on. it clearly is a big boost for first republic was that there were fears it could go under just 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 alive, because first republic is a very prominent banker in california, in los angeles, ov ....

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Transcripts For BBCNEWS BBC News 20240706

and a small number of wolves settle in belgium for the first time in more than 100 years, as numbers rise across europe. hello and welcome to bbc news. in pakistan, authorities have temporarily stopped the operation to arrest the former prime minister imran khan. police have clashed with his supporters outside his residence in lahore. unrest has continued through the night, after the authoroities made another attempt to arrest him, enforcing a court order. imran kahn accused the authorities, of acting outside the law. pakistan s information minister said the government had nothing to do with the move, but the court was only trying to enforce the arrest warant in connection with a corruption case. carrie davies reports. police have now left the stretch by zaman park. the police might have left but the remnants of what happened here have not lost can see the charred remains of burned chairs, rocks on the floor. we know from eyewitnesses that there were rocks and sticks used by ....

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Transcripts For BBCNEWS Outside Source 20240706



and his supporters. we start with the troubled global banking sector. european markets have closed down more than three percent, spooked by a major sell off of shares in the swiss banking giant, credit suisse. coming days after the collapse of us based silicon valley bank, it s prompted fears of a full blown crisis in the sector. let s take a look at the damage at the close in europe today. shares in credit suisse plunged to a record low, falling 24%. that came after its biggest investor said it could not give the bank any more financial help. here in the uk, the insurer prudential tumbled 10%, and the high street bank barclays, 8%. the plunge by banking stocks left london s ftse 100 down almost 4% at its lowest level this year. it was the index s worst one day performance since the start of the covid 19 pandemic. taking a closer look at credit suisse today was the second day of sharp falls for its shares after the swiss bank yesterday disclosed that its auditor had i ....

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