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Transcripts For BBCNEWS Breakfast 20240706

145,00018 to 21 year olds haven t claimed cash from government child trust funds. if you were born between 2002 and 2011, we ll let you know where to find it. in sport, one incident, three red cards how fulham went from 11 players to nine and lost their manager in a0 crazy seconds during their fa cup defeat to manchester united. and it is the spring equinox today so can we finally say goodbye to winter? the week gets off to a mild but soggy start for some. all the details here on breakfast. it s monday 20th march. russian president vladimir putin is preparing to host his chinese counterpart, xijinping, in moscow. the visit is the first by china s premier since russia invaded ukraine last year. it will see meetings between the two leaders as mr putin, isolated from the west, looks to bolster his relationship with a vital ally. 0ur russia editor steve rosenberg reports. putin and xi. they call each other partners and friends. and right now, the kremlin leader needs all th ....

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Transcripts For BBCNEWS BBC News 20240706



by about twice the global average. it s already increased by 2 degrees celsius. 20 years since the us led coalition invaded iraq to topple dictator saddam hussein, we look at the legacy. hello and welcome to bbc news. the world s financial markets have reacted with unease following last night s emergency takeover of the troubled swiss bank credit suisse. shares in credit suisse fell by more than 60% this morning after european markets opened and the value of banking shares across europe have dropped sharply. credit suisse was bought by fellow swiss bank ubs after a deal brokered by the swiss government. here s the chief executive of ubs explaining the rationale behind the deal. translation: it means we bring back stability and security for credit suisse clients, but also that we keep the reputation of the swiss financial centre high. and finally it means we are stemming the turmoil in the international financial markets. these three goals are very, very important to u ....

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Transcripts For BBCNEWS BBC News 20240706



the temperature up here in the alps is rising by about twice the global average. it s already increased by 2 degrees celsius. and 20 years since the us led coalition invaded iraq to topple dictator saddam hussein, we look at the legacy. hello and welcome to bbc news. the world s financial markets have reacted with unease following last night s emergency takeover of the troubled swiss bank credit suisse. shares in credit suisse fell by more than 60% this morning after european markets opened and the value of banking shares across europe have dropped sharply. credit suisse was bought by rival swiss bank ubs in a deal brokered by the swiss government over the weekend. here s the chief executive of ubs explaining the rationale behind the deal. translation: it means we bring back stability and security for credit suisse clients, but also that we keep the reputation of the swiss financial centre high. and finally it means we are stemming the turmoil in the international fin ....

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Transcripts For BBCNEWS BBC News 20240706

of thousands of asylum seekers, but few can be as strangely located as this wedged as it is between a retirement village and a golf course. to provide beds for more than 51,000 asylum seekers and rising the home office has booked out hotels in seaside resorts and cities, in villages and the countryside, at airports and on golf courses anywhere they can find willing hotel owners. there are 395 hotels in all 363 in england and 20 in northern ireland but far fewer in the other two nations ten in scotland and only two in wales. the leicestershire village of kegworth is one of the latest places to have the local hotel s business model changed overnight to housing asylum seekers. yew tree lodge was the local wedding venue, swimming pool and gym as well as bringing in business from the nearby east midlands airport. but that all changed last month. fredricka reynolds used to do all the flowers for the weddings, but in an instant, that key part of her business was snat ....

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Transcripts For BBCNEWS World Business Report 20240706



there were sharp losses in early trading, although banking stocks have since rebounded slightly. ubs is currently up 3.5% let s take a look now at how the markets are performing more broadly. trading began in the us an hour ago. we can see the dow is up, the snp 500 also on 5.2%. in asia and in europe, there was some initial fright taken by investors, particularly because certain bondholders in credit suisse have lost all the value of their investment, but by the middle of the trading day most european indices were trading positively again. now, one aspect of the deal was that any investor holding additional tieri bonds, or ati bonds, in credit suisse will get nothing. that s more than 15 billion euros written off. it spooked the whole ati bond market which is worth more than 200 billion euros. let s discuss this in more details with dan kemp, global chief investment officer at morningstar investment management. why is the burning of these bondholders so controversial ....

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