the first republic shares after it suffered a huge fall in deposits plus setting up a rum distillery in scotland. a business minded couple tells us about the importance of location when setting up a new business. welcome to the business. welcome to the business report. shares in the us bank have fallen by more than 20% in extended trading.

that comes after the embattled endo revealed it suffered a huge file and deposits the first quarter. it became under pressure after other banks collapsed last month. we have more from new york. normally when a companies earnings for a quarter are released executives hold a call with analysts where they take questions but that was not the case for first republic bank. executive spoke for about ten minutes and then took no questions. it is perhaps an indication ofjust how bad things had become at the regional bank. during the first quarter, it lost $102 billion in customer deposits. that's way more than half of the $176 billion it had on hand at the end of last year. after

at the end of last year. after a silicon valley bank and signature bank were taken over by federal regulators while the street worried that first republic could be the next bank to go down. since it has similar clients to silicon valley bank. people in the start—up space. 0n valley bank. people in the start—up space. on monday the bank said it cut about a quarter of its staff and slash executive compensation. they stay in the us because shares of fox corporation have also fallen about 3% following news that one of the most controversial figures in that one of the most controversialfigures in us broadcasting, the tv host tucker carlson has left the fox news channel. the departure comes just days after the media conglomerate agreed to pay almost $800 million to settle a defamation lawsuit in which he played a starring role. he shows the highest rated cable news in the key 25—54 age group on the most watched cable news network. shares in bed bath & beyond ended more than 35% lower. it comes after the home goods retailer filed for

bankruptcy protection. it became popular in the 19905 as a go to shopping de5tination a go to shopping destination for newlyweds and expecting couples but demand has fallen 5harply couples but demand has fallen sharply in recent years as its strategy to sell mart 5tore branded products failed. what disney has started a second round of lay—offs a5 disney has started a second round of lay—offs as part of an earlier announced restructuring expected to result in 7000 job losses. the media giant has been under pressure as its traditional television and film bu5ine55 drink5 while its streaming unit continue5 bu5ine55 drink5 while its streaming unit continues to post big lo55e5. streaming unit continues to post big losses. the chief executive announced a five and have billion cost—cutting drive backin have billion cost—cutting drive back in february and he said the firm needed to streamline its business. we haveju5t learned that south korea's economy has managed to avoid a recession. gdp growth date of rece55ion. gdp growth date of the first quarter came in at 0.3%. of course, we have been

talking about the slowing demand for semiconductor chip5 demand for semiconductor chips which power everything from our phones to spacecraft of course south korea is one of the biggest producers of them and that slowdown has been affecting the economy. experts have been declining for the six months and it is estimated that, in the first 20 days of this month, the country was make outbound shipments have fallen by 11% compared to last year and shipments of chips are down by more than a third in the month of march. a senior economist at amg says a down cycle in the global tech sector is affecting south korea's chip makers. you make there are two factors we have to think about. supply side of the effect which is now currently, too much. so probably it will take a couple of quarters to unload those inventory and then the production cycle will turn around. ,, , ., around. secondly, looking at the “w“ — around. secondly, looking at the export data _ around. secondly, looking at the export data and - around. secondly, looking at the export data and chips, i the export data and chips, actually, chips to china is the

single most important however, not only are chips to china is weak but we are also seeing chip exports to taiwan, the us and europe are all declining. which means that we believe that the global it investment cycle is turning to a down cycle is turning to a down cycle after, during the pandemic ever, they had increased a lot of their investment, so probably this will also lead to weak chip demand for a while. i'd make you mention to china which is a hugely important market for chip producers as well but of course there have been some tensions, haven't there? between washington and china, beijing. but also involving japan and other countries it comes to semiconductor exports. yes, that is true. the current chip down sector is more driven

by global weakness of falling demand and chips rather than the tension between the us and china. however, going forward, this will have more significant impact in the coming months. this could be a warning, though, for asian economies which rely so heavily on exports and in particularfor south korea and others like taiwan, a very specific industry like chips. yes, that is one of— industry like chips. yes, that is one of the _ industry like chips. yes, that is one of the major— industry like chips. yes, that is one of the major risks - industry like chips. yes, that is one of the major risks forl is one of the major risks for taiwan and korea's economy. however, for a career, actually, the domestic demand cycle is also going to bottom out so probably on gdp, overall gdp will be bound in the second half of next year and also we believe the reopening of china is going to boost some of the exports. the interregional

exports. the interregional exorts. ., ., exports. the interregional “porte— exports. the interregional exorts. ., ., ., , , exports. now to india because, like many _ exports. now to india because, like many countries _ exports. now to india because, like many countries it - exports. now to india because, like many countries it has - like many countries it has started evacuating its citizens from crisis hit sudan. ships and aircraft are now on standby to help bring them back home. several indian companies have a presence in the company and it is home to several thousand indian nationals. we report from new delhi and india's economy concerned because of the ongoing conflict. well, india has been looking at the situation with a great deal of concern. , , ., ., concern. this is one of the dominating _ concern. this is one of the dominating headlines - concern. this is one of the j dominating headlines here concern. this is one of the i dominating headlines here in the country and we have been seen several updates that have been coming in from official government handles on social media. updating the public about the efforts the government is currently undertaking to try and bring indians back to safety from sudan. india's foreign minister said that around 500 indians have already reached part sudan of an indian ship is waiting and indian air force aircraft

is currently also on standby in jeddah in saudi arabia as well. 0ther jeddah in saudi arabia as well. other countries like saudi arabia and france have been getting out evacuations as well as their citizens helping other countries as well, evacuating their citizens. fighting continues to rage on between the army and apparel of military force in sudan. there are significant indian business interest there. india's crude oil supply the 0ngc had invested nearly $2.3 billion in the early 2000 is in the oil industry in sudan. apart from that, we also have several indian companies having a presence in sudan and this ranges from various fields right from pharmaceuticals to auto, to steel, mining as well as energy. in fact, of the big names in the pharmaceutical industry are big companies and when it comes to auto—makers who have companies who have a presence. so all of these factors are making it even more

crucial that india monitor the situation very closely. location, location and location is what they save in it comes to choosing your home but does this also apply to setting up your own business? well, that is certainly what one business minded couple thing. we spoke to them about why they chose to relocate from london to scotland to set up a rum distillery. scotland to set up a rum distillery-— distillery. when you are starting _ distillery. when you are starting a _ distillery. when you are starting a new- distillery. when you are | starting a new business, finding a rate location is everything. —— make the right location. so back in 2017, we made the bold decision to move our young family 400 miles from london to

livingston, which is on the outskirts of edinburgh, in scotland. outskirts of edinburgh, in scotland-— outskirts of edinburgh, in scotland. ., ., ., scotland. scotland in general is the centre _ scotland. scotland in general is the centre of _ scotland. scotland in general is the centre of distilling - scotland. scotland in general is the centre of distilling in l is the centre of distilling in europe _ is the centre of distilling in europe. the whiskey industry is massive — europe. the whiskey industry is massive and it is very collaborative. their expertise has been _ collaborative. their expertise has been invaluable in as setting _ has been invaluable in as setting up our business and it being — setting up our business and it being a — setting up our business and it being a success. the quality of the water _ being a success. the quality of the water is really important for this— the water is really important for this kind of operation and the water— for this kind of operation and the water scotland is absolutely excellent. it is perfect _ absolutely excellent. it is perfect for brewing and for distilling. my perfect for brewing and for distilling-— perfect for brewing and for distillinu. g ., , , ., distilling. my family is from jamaica and _ distilling. my family is from jamaica and rome - distilling. my family is from jamaica and rome is - distilling. my family is from jamaica and rome is from i distilling. my family is from i jamaica and rome is from the caribbean, globally known and appreciated. but we are flying the flag for scottish rum because rum can be made anywhere around the world. the choice vacate our rum distillery in scotland means that we have the options to have a brand—new frontier for a run. have a brand-new frontier for a run. , . ~' have a brand-new frontier for a run, , ., " ., ., ., " have a brand-new frontier for a run. , ., ~ ., ., have a brand-new frontier for a run. lets take a look at japan. the overall—

run. lets take a look at japan. the overall market _ run. lets take a look at japan. the overall market is - run. lets take a look at japan. the overall market is not - run. lets take a look at japan. | the overall market is not doing too badly, up byjust over half a percent but we are watching japanese banking shares after first republic shares were falling almost 20% overnight. it shows japanese banking shares under pressure as that is it for the show. thanks for watching. a natty little gadget. but for something so small its impact is huge. it something so small its impact is hue. ., ' is huge. if i turn it off, then i turn is huge. if i turn it off, then i turn it _ is huge. if i turn it off, then i turn it back _ is huge. if i turn it off, then i turn it back on _ is huge. if i turn it off, then i turn it back on again. - is huge. if i turn it off, then i turn it back on again. jeffl i turn it back on again. jeff is one of— i turn it back on again. jeff is one of the _ i turn it back on again. jeff is one of the first - i turn it back on again. jeff is one of the first people to use the key one which is now being trialled at a hospital in cambridge where staff admit patients have been surprised by the results. it

patients have been surprised by the results-_ the results. it was a surprise to me as _ the results. it was a surprise to me as well— the results. it was a surprise to me as well because - the results. it was a surprise to me as well because it - the results. it was a surprise to me as well because it has| to me as well because it has such a quick effect and actually, a lot of the drugs that people need to take to treat the conditions have a lot of side effects. flit treat the conditions have a lot of side effects.— of side effects. of a 13,000 eo - le of side effects. of a 13,000 people are _ of side effects. of a 13,000 people are on _ of side effects. of a 13,000 people are on the _ of side effects. of a 13,000 people are on the waiting i of side effects. of a 13,000. people are on the waiting list so jeff is people are on the waiting list sojeff is one of the lucky ones. 0perating sojeff is one of the lucky ones. operating a scooter would have been unthinkable without training a new puppy, now a walk in the park. teenagers could be more at risk of rare diseases because the number of people getting jabs at school has dropped since the pandemic. health bosses say 69% of 13 or 14—year—olds had a job. that is 7% less than the previous year. the number of meningitis vaccines has also gone down.

every individual not fully protected does have a risk particularly from meningitis. the concerns we have a when people start to mix, start to go to university.— people start to mix, start to go to university. the advice to check in with _ go to university. the advice to check in with your _ go to university. the advice to check in with your school - go to university. the advice to check in with your school or i go to university. the advice to | check in with your school or gp and make sure you are up to date. less than a third of 18 to 24—year—olds want the monarchy to continue in britain, according to a new poll. ahead of king charles's coronation at the bbc commissioned the survey asking people if they would rather the monarchy carried on if they should be replaced with an elected of state. there are still overall support for the youngest group, compare the result to 2013 and there's definitely been a shift. does not necessarily _ definitely been a shift. does not necessarily something l definitely been a shift. does not necessarily something i | definitely been a shift. does - not necessarily something i was invested in. not necessarily something i was invested in-_ invested in. the only person i know who _ invested in. the only person i know who supports _ invested in. the only person i know who supports the - invested in. the only person i - know who supports the monarchy as my _ know who supports the monarchy as my gran — know who supports the monarchy as my gran and she loves it. will— as my gran and she loves it. will leave _ as my gran and she loves it. will leave you with ten seconds of a blazing show. crowds of disneyland in california

watched a 45 foot dragon prop catch fire. nobody was injured. you can hear crowds gasping during the live performance where mickey mouse usually saves the day. you are all cut up saves the day. you are all cut up now. have a good night.

hello, i'm will perry from the bbc sport centre. coming up on the programme: time's up for tottenham's interim manager christian stellini afterjust four games — he's sacked following their 6—1 thurmping at newcastle. and a former spurs boss could be on his way to chelsea, with the club said to be in advanced talks to appoint mauricio pochettino. tottenham have sacked interim manager cristian stellini after less than a month in thejob. it follows their 6—1 thrashing at newcastle in the premier league on sunday. former spurs midfielder ryan mason, who had a spell in charge whenjose mourinho left in 2021, takes over as caretaker.

in a statement, chairman daniel levy said...