because they didn't lend money to greensill capital despite — lend money to greensill capital despitene. the wider issue certainly is fine. the wider issue certainly is very— is fine. the wider issue certainly is very concerning because it comes down _ is very concerning because it comes down to— is very concerning because it comes down to people jobs and also seo. we down to people jobs and also seo. we do need _ down to people jobs and also seo. we do need to— down to people jobs and also seo. we do need to keep some steel capability in our country because it's strategically important. from both of— it's strategically important. from both of those points for the government. it doesn't look at mike until now— government. it doesn't look at mike until now the governments willing to offer up _ until now the governments willing to offer up bailout to greensill capitai~ _ offer up bailout to greensill capital. liberty still. will have to see how — capital. liberty still. will have to see how this plays out on the back of this— see how this plays out on the back of this investigation.— of

he wants greensill capital to be treated like another creditor as others would be, and he doesn't think precedent, ithink. iloathed talk about lobbying, this is without precedent, i think.— talk about lobbying, this is without precedent, i think. what did he say on his way out. _ precedent, i think. what did he say on his way out, i _ precedent, i think. what did he say on his way out, i was _ precedent, i think. what did he say on his way out, i was the _ precedent, i think. what did he say on his way out, i was the future - on his way out, i was the future once? how the crown slips once you are out the door of number ten. he's not in government, is he? the bigger question is, you know, where does this leave government ministers, current serving ones, do they come out of this looking better because they didn't respond to the text messages?— they didn't respond to the text messaues? , ~' , ., messages? yes, i think they do. there is still _ messages? yes, i think they do. there is still a _ messages? yes, i think they do. there is still a long _ messages? yes, i think they do. there is

the uk�*s financial watchdog has opened a case into greensill capital.r lex greensill, revealing the extent of his lobbying for the firm. lex greensill says he takes full responsibility for the collapse of his company. responsibility for the collapse of his company-— responsibility for the collapse of his company. responsibility for the collapse of his coman . , ., ., his company. please understand that itake his company. please understand that i take complete _ his company. please understand that i take complete responsibility - his company. please understand that i take complete responsibility for i i take complete responsibility for the collapse of greensill capital. iron desperately saddened that more than 1000 very hard—working people have lost their jobs than 1000 very hard—working people have lost theirjobs at greensill capital. —— i am desperately saddened. i take full responsibility for any hardship being felt by our clients and their suppliers, and, indeed, investors in our programmes. it is deeply regrettable that we were let down by our leadi

the snp asked whether david cameron's work for the collapsed finance firm greensill capital had brokendavid cameron what was an adviserl for greensill capital has - reported, it had share options worth tens of - millions of pounds. does the 57 messages to senior officials that we're aware - of regarding greensill capital give any cause for suspicion. of impropriety, and will that be investigated - by an independent adviser? these issues are being looked at. there are reviews in train, and it would not be appropriate for me to comment on those until they have reported. i think all members of this house will want things looked at. they will want to ensure that we get to the bottom of these issues, and i hope too that we will look at the wider issues around gfg and the role of the snp in those matters. the steel company gfg was greensill�*s largest client — it was also lent money by the scottish government. a conservative said the national audit office had found no evidence that ministers interfered in ppe contracts. does my right honourable friend agree that throwing unsubstantiated mud

david cameron being questioned by mps later, 2:30pm over lobbying for greensill capital.pandemic as it hit, while he was also urging the government to give the company access to public funds? 50 there is an important question so there is an important question about the management of public money, so important things that mps will want to probe and there will be a few hours of questioning. thank ou, a few hours of questioning. thank you. damien- _ the uk government "profoundly regrets and is truly sorry" for the events surrounding ballymurphy in 1971, the northern ireland secretary has told parliament. he said this also extended to the families for the "additional pain" they have had to endure and at how investigations were handled. an inquest found ten people, who were shot in the wake of an army operation in belfast, were "entirely innocent". i want to put on record the government's acknowledgement of the terrible hurt that has been caused to the families of francis quinn, father hugh mullan, noel phillips, joan connolly, daniel teggart, joseph murphy, edward doherty, jo

arguing for now failed greensill greensill capital to take part emergency loans last year.mergency loans last year. he is silent- this _ emergency loans last year. he is silent. this is _ emergency loans last year. he is silent. this is a _ emergency loans last year. he is silent. this is a painful— emergency loans last year. he is silent. this is a painful day. - silent. this is a painful day. admitting at the start that he could have acted differently, but he... nothing i did was against the rules, but it would be better to only use the most formal means of contact by a letter. . , , ., the most formal means of contact by a letter. , ., ., ., a letter. last year, david cameron a- ealed a letter. last year, david cameron appealed to _ a letter. last year, david cameron appealed to colleagues _ a letter. last year, david cameron | appealed to colleagues repeatedly. lobbying... a message to the chancellor, saying that... and then his old friend, michael gove. is the treasury rejected a request but one which has now gone hunter was allowed to give out millions of pounds throu

please understand that i bear complete responsibility for the collapse of greensill capital. very hard—working people have lost theirjobs at greensill. over three hours, he struggled to convince sceptical mps. mr greensill, are you a fraudster? no, ms mcdonagh, iam not. frankly, it smacks of- fraudulent behaviour and it franks of the sort of stuff- we saw conducted by the likes of madoff in the financial - crisis — that's what it smacks of. it doesn't smack of a proper. process where people can get supply chain finance - that is reliable and credible. ms ali, when i started greensill, no member of this committee or, indeed, i think almost any institution, had heard of supply chain finance. now, every majorfinancial institution in the world offers it as a product. what would you say to them that makes it clear that it wasn't a fraud, because i think that's the heart of what you are being held to account for here. certainly. we were using data inside corporate systems to allow the customers or suppliers that they had to — for us to be able to unlock capital using that informati

please, understand that i bare complete responsibility for the collapse of greensill capital. 000 very hard—working people have lost their jobs at greensill. the former city minister, lord myners, has expressed concerns about greensill. he'd had a meeting with the firm. he told us that when he left the meeting, when he'd gone down and was thinking about it, into his mind came the idea that what was going on here was, lam paraphrasing, a ponzi schemes he describes. you have discredited his evidence. you've tried to - discredit his evidence. who should be relieved, lord myners, or you? i who's lying? who is not telling us the truth here in this committee? - the public deserve to know the truth, mr greensill. - i have told the community the truth today. i was very surprised to hear the evidence that lord myners provided to this committee two weeks ago. it is not consistent with my recollection of the events. the reason giving during the lobbying as far as we know, for these approaches to the treasury, the bank of england and so on was that you were going to be helpful to the busin

the uk's financial watchdog has opened an investigation into the collapsed finance firm greensill capitaltime about what happened. he says he takes complete responsibility for its collpase and insists there has been no loss to the british taxpayer. it comes as the treasury committee published texts from david cameron revealing the extent of his lobbying for the firm. our business editor simonjack is with me. there were dozens of texts, more than 40? �* ., ., , ., than 40? blizzard of texts and e-mails to _ than 40? blizzard of texts and e-mails to the _ than 40? blizzard of texts and e-mails to the most _ than 40? blizzard of texts and e-mails to the most senior . than 40? blizzard of texts and - e-mails to the most senior people in e—mails to the most senior people in government and the civil service, lobbying him to grant his employer, greensill capital, access to government backed covid rescue loans, including right at the top of the treasury. one he sent to rishi sunak reads, hi, david cameron here, can i have a very quick word at some point? orany time can i have a very quick word at

liberty steel and its gfg alliance has been in really serious trouble since greensill capital went bustous or irregularities in terms of the invoicing from that company. now let's turn to india. 343,144 new coronavirus cases have been reported in the last 24 hours, along with 4,000 more deaths. it brings the total number of coronavirus cases in india above 24 million. the country is fighting against a second wave of the virus, spurred by variants and also a slow vaccine roll—out. hospitals buckling under the pressure to treat patients amid a chronic shortage of beds and medical oxygen. the bbc understands that legislation brought in by the indian government, is preventing non—profit organisations from supplying oxygen concentrators to those who need them the most. there's all the machines package it. the foreign contributions registration act was amended at the height of the first wave of the pandemic last year. sima kotecha reports. the horror continues to unfold in india as coronavirus batters every corner of the country. story after story of losing loved ones. now those trying to hel

vicderbyshire former prime minister david cameron faces questions from mps about his links to greensill capital a major ovarian cancer screening programme has failed to show any reductions in deaths. hello and welcome to bbc news. the deadly conflict between israeli forces and palestinians has continued overnight, despite appeals for calm from political and religious leaders. hamas fired more rockets into israel in response to heavy israeli air strikes in the densely populated gaza city. some 67 palestinians and seven israelis have now been killed since the violence flared at the start of the week. and it's been reported that all flights are being diverted from tel aviv airport. courtney bembridge has this report — and a warning there are some flashing images. it was another night of explosions in gaza city, as heavy israeli air strikes and palestinian rocket fire continued. in the tel aviv suburb of lod, palestinian protesters torched a synagogue and confronted motorists. translation: they heard my accent was not arab. - they ran up to my car and started throwing stones. i was lucky there were

arguing for a now failed city firm, greensill capital, to take part in emergency loans last year. weeks of relative silence. and so, too, has he. this is a painful day. admitting at the start he could have acted differently but adamant he did nothing wrong. nothing i did was in breach of the rules, but on the wider test of what is appropriate, as i've said previously, it would be better to use the most formal means of contact via a letter. david cameron went to work for greensill after leaving office. last year he appealed repeatedly to former colleagues for the firm to be part of a scheme giving out emergency loans. lobbying is allowed but it's meant to be transparent. and there were nearly 60 attempts to get in touch. a message to the chancellor... and then his old friend michael gove. the treasury rejected the request but greensill, which has now gone under, was allowed to give out millions of pounds of government backed loans to a separate scheme. mps this afternoon were determined to wrinkle david cameron's smooth reputation. do you not feel you have demeaned yourself by what

greensill capital has since gone bust. we've just heard from lex greensill for the first time.addened that more than 1000 very hard—working people have lost theirjobs 1000 very hard—working people have lost their jobs with 1000 very hard—working people have lost theirjobs with greensill. remember, david cameron lobbied hard to get access to government funding less than 12 months before it collapsed. but some have raised questions about how david cameron approached those in power. public office should not become the platform _ public office should not become the platform for private gain. i don't really _ platform for private gain. i don't really think former ministers and former— really think former ministers and former prime ministers should be engaged — former prime ministers should be engaged in lobbying for particular commercial companies when they are lobbying _ commercial companies when they are lobbying their successors whom they know very _ lobbying their successors whom they know very well and could have access to them _ know very well and could have access to them it'

suspected fraudulent trading and money laundering, including its financing arrangements with greensill capitalwas an adviser. let's speak to our business correspondent theo legget. theo, what's prompted this sfo investigation? the sfo would not say precisely. it tells us it is investigating suspected fraud, fraudulent trading and money laundering in relation to financing and conduct of the businesses of the gupta family group lies. there have been lots of speculation around the gupta group in recent weeks. it is a loose conglomerate of metals companies around the world, with 35,000 employees, 5000 of which are in the uk, including liberty steel, and they've had a close financing relationship with greensill capital. one of the allegations made in the financial times recently concerned invoices that were being presented by the gupta group companies to greensill in exchange for loans so this was evidence of money owed to them so according to the financial times there are questions over the authenticity of some of these invoices, but companies named on them said they had no dealings with them said

and money laundering in connection with invoices sent to its major finance or the now bankrupt greensill capital. green says implosion has rocked britain's business and political classes former prime minister david cameron was grilled by lawmakers about his lobbying for the company this week right i said there's a strong argument that having a fool of prime minister you gauge on behalf of any commercial interest no matter how laudable motives and cools can be open to misinterpretation perhaps that's especially so when the communication systems we will use in the heat of responding to a crisis of text. rather than the more formal approach of right now group his empire is facing the heat criminal scrutiny and it still needs to secure financing to replace green still and protect its employees around the world. ella take a look at some other business stories making headlines. in northern japan is now under a state of emergency juta the spread of covert 19 people there won't be able to eat out and must avoid nonessential travel to other prefectures also face tighter restrictions. air b.n. b. has post

arguing for a now failed city firm greensill capital to take part in emergency loans last year. too has he. this is a painful day. admitting at the start he could have acted differently but adamant he did nothing wrong. nothing i did was in breach of the rules. but on the wider test of what is appropriate, as i've said previously it would be better to use the most formal means of contact via a letter. david cameron went to work for greensill after leaving office. last year he appealed repeatedly to former colleagues for the firm to be part of a scheme giving out emergency loans. lobbying is allowed but it's meant to be transparent. and there were nearly 60 attempts to get in touch. a message to the chancellor... and then his old friend michael gove. the treasury rejected the request but greensill, which has now gone under, was allowed to give up millions of pounds of government backgrounds to a separate scheme. mps this afternoon were determined to wrinkle david cameron's smooth reputation. do you not feel you have demeaned yourself by whatsapping your way around whitehall? what

the uk's financial watchdog has opened an investigation into the collapsed finance firm greensill capitalonsibility and insists there has been no loss to the british taxpayer. it comes as the treasury committee published texts from david cameron revealing the extent of his lobbying for the firm. the former prime minister will appear before the same mps on thursday. our business editor simonjack is with me. there simonjack is with me. were a lot of texts, more ti 40 there were a lot of texts, more than 40 of them. there were a lot of texts, more than 40 of them-— 40 of them. what is revealed is a very intense _ 40 of them. what is revealed is a very intense bout _ 40 of them. what is revealed is a very intense bout of _ 40 of them. what is revealed is a very intense bout of lobbying - 40 of them. what is revealed is a | very intense bout of lobbying over 40 of them. what is revealed is a i very intense bout of lobbying over a period last year from very intense bout of lobbying over a period last yearfrom march, april and may on behalf of his then new employer, greensill capital, and it is

probe into the gulf family group alliance business empire and its financing arrangements with greensill capital the alliance owned hundreds of companies across the world it's the family business of steel tycoon sanjay gupta. steel aluminum mining financial services and real estate those are just some of the interests of the companies owned by the group the family group alliance sanjeev gupta empire employs 35000 people around the world and accounts annual revenues of $20000000000.00 now it's under investigation by britain's serious fraud office the charges include suspected fraud and money laundering in connection with invoices sent to its major finance or the now bankrupt greensill capital brain cells implosion has rocked britain's business and political classes former prime minister david cameron was grilled by lawmakers about his lobbying for the company this week write to me we've said there's a strong argument that having a former prime minister gauge on the heart of any commercial interest no matter how laudable the motives and cause can be open to misinterpretation perhaps that's especia

cameron's select committee appearance, where he defended his lobbying of ministers on behalf of greensill capital same story, the metro says the former pm travelled to cornwall on lex greensill�*s private jet whilelobbying the government. the guardian goes with the cameron story — but also has an image from that stand—off between protestors and immigration enforcement officers in glasgow. the yorkshire post says local restrictions may be imposed, due to the recent spread of the indian variant. the pm is under pressure to up vaccination rates in worst affected areas, according to the mirror. the mail takes a swipe at prince harry, over comments he made to a us podcast about the royal family. there's a similar look to the sun, which says the duke of sussex has blasted his father's parenting. so let's begin... terrifying thing for any parent when the child comments on the parenting skills. the independent and this is the worrying question about what happens with this new variant. we are told that the vaccines will help protect us from getting seriously ill. but nonetheless there is some anger at lea

can i move on to your decision a few years after you left office to go and work with greensill capital of, as i said in the treasury secretary video, i had some problem in charity— secretary video, i had some problem in charity work with alzheimer's and dementia. _ in charity work with alzheimer's and dementia, and i wanted to do some business _ dementia, and i wanted to do some business interests as well. i took quite _ business interests as well. i took quite a _ business interests as well. i took quite a long time to make up my mind, _ quite a long time to make up my mind, but— quite a long time to make up my mind, but what i thought was interesting about greensill was there _ interesting about greensill was there is— interesting about greensill was there is a — interesting about greensill was there is a core product of going to bil there is a core product of going to big businesses and saying, let us pay your— big businesses and saying, let us pay your supply chains immediately and then— pay your supply chains immediately and then you pay us after 60 or 90 days, _ and then you pay

wouldn't accept that for one second because the in the end cameron's lobbying was unsuccessful greensill capital collapsed in march this year after its insurers withdrew their cover that's jeopardized $5000.00 steelmaking jobs in the u.k. because the bank was key lender to the firm liberty steel one former minister has told m.p.'s greensill had elements of a ponzi scheme something david cameron rejects and while he accepts he should only have gone through official channels he says he broke no rules the team barbara al-jazeera these are the al-jazeera headlines of his whole robin in doha israel is continuing its bombardment of gaza are ignoring international calls the calm $113.00 palestinians have been killed since monday including $32.00 children hundreds of families are taking shelter in un run schools in northern gaza to escape israeli artillery fire israeli prime minister benjamin netanyahu says the offensive won't stop until peace returns as i know we've moving in. as it will we will collect a very high price from her mouth and the rest of the terrorist organizations and we will continue to

and money laundering in connection with invoices into its major finance or the now bankrupt greensill capital. green sills implosion has rocked britain's business and political classes former prime minister david cameron was grilled by lawmakers about his lobbying for the company this week right i said there's a strong argument that having a former prime minister gauge on behalf of any commercial interest no matter how laudable motives and cause can be open to misinterpretation perhaps that's especially so when the communication systems we will use particularly in the heat of responding to a crisis of text for an hour rather than the more formal approach of right now who does empire is facing the heat criminal scrutiny and it still needs to secure financing to replace green still and protect its employees around the world now let's take a look at some other business stories making headlines hokkaido in northern japan is that under a state of emergency due to the spread of covert 19 people there won't be able to eat out and must avoid nonessential travel to other prefectures also face tighter

sheet i wouldn't accept one second because the in the end cameron's lobbying was unsuccessful greensill capital collapsed in march this year after its insurers withdrew their cover that's jeopardized $5000.00 steelmaking jobs in the u.k. because the bank was key lender to the firm liberty steel one former minister has told m.p.'s green still had elements of a ponzi scheme something david cameron rejects and while he accepts he should only have gone through official channels he says he broke no rules the team barbara al-jazeera these are the al-jazeera headlines of his whole rambling.

stocksbridge as part of restructuring plans, following the collapse of its main financial backer, greensill capitaleljobs are at risk. mr gupta's global steel business is also under investigation by the serious fraud office. lancashire police say a gas explosion that killed a young child was caused by a gas pipe which had been cut inside a neighbouring property. two—year—old george hinds died in the blast in heysham just over a week ago. his parents and two others were also injured. officers say they're now treating it as a criminal investigation. the bbc board has announced a review of the corporation's policies on editorial matters and whistle—blowing following the dyson report into the circumstances surrounding the interview with diana, princess of wales in 1995. the chairman, richard sharp, says the board will look at the culture of the bbc to assess the effectiveness of policies and practice. he also confirmed there will be an investigation into why the journalist involved, martin bashir, was rehired in 2016. let's turn to today's news on the pandemic. the latest government figures show 2,439

that it's investigating what it called the "potentially criminal" collapse of the finance firm, greensill capitalavid cameron, worked for the firm, and lobbied ministers and officials to give greensill government business. when the regulator appeared before mps, he was asked if mr cameron had provided the firm with respectability. do you think that, to some extent, lex greensill�*s and use of people like david cameron covered up some of these more nefarious activities? and sort of meant that people, actually, they would become anything but? i am not on a position to comment on anything... following direct contact with the firm, not with any adviser. it's useful, but the day before you give us evidence, you announced to you were actually looking into the reasons. of the collapse. why weren't you looking into it earlier? i wrote to the committee on the 4th of may. in reliance to the chair letter, investigations have been going on since significantly before then. nikhil rathi — and the committee's due to take evidence from david cameron on thursday. members of the house of lords were promised some f

it says, "i'm riding to the rescue with supply chain finance — which is the business model of greensill capitald lex greensill." "my newjob, redacted, redacted, redacted, black, black." "see you with rishi for an elbow bump orfoot tap, love, dc." now, one of the things he was asked this afternoon was, why did you say "love, dc"? and actually we might hear that clip. we will, because then he was being quizzed today by two different parliamentary committees, so we've had about 19 hours of david cameron on television today. and it's the first time that david cameron has talked publicly and extensively about his role, which is why, if you've been following this story, today was a really important day. but i think really what was notable was actually the embarrassment level for him today, rather than it revealing a whole cache of new information about exactly what's happened with greensill. so, gavin, just an opening thought from you about how awkward this is for a former prime minister, and then we'll have a listen to some of the things that he said. yeah, i think you summarised it really well. it

he lobbied ministers and senior civil servants on behalf of the collapsed financial company, greensill capitalmoney, power, and how it moves around. ., ~ , around. the former prime minister used his phonebook_ around. the former prime minister used his phonebook to _ around. the former prime minister used his phonebook to push - around. the former prime minister used his phonebook to push the i around. the former prime minister l used his phonebook to push the case for his employer along to the treasury, to the bank of england. arguing for an outfield city farm green silk capital to take part in emergency loans last year. they became an's role was hidden from view. but texts and e—mails emerged after weeks of relative silence, so too has he. after weeks of relative silence, so too has he— too has he. this is a painful day. admitting _ too has he. this is a painful day. admitting at _ too has he. this is a painful day. admitting at the _ too has he. this is a painful day. admitting at the start _ too has he. this is a painful day. admitting at the start he - too has he. this is a painful day. a

wouldn't accept that for one second because the in the end cameron's lobbying was unsuccessful greensill capital collapsed in march this year after its insurers withdrew their cover that's jeopardized $5000.00 steelmaking jobs in the u.k. because the bank was key lender to the firm liberty steel one former minister has told m.p.'s green still had elements of a ponzi scheme something david cameron rejects and while he accepts he should only have gone through official channels he says he broke no rules the barber al-jazeera . greece is welcoming taurus from the us and european union so long as they're vaccinated or have a negative covert 19 test but the move comes weeks ahead of the rest of the e.u. at a time when the country is desperate for tourism related income. as more. corfu is one of greece's most popular islands for holidaymakers with 2 and a half 1000000 visitors here in 2019 the talk was about over tourism no longer last year's tourism revenue fell by 3 courses because of covert 19 and because tourism is the main industry 8 in 10 people were left unemployed and dependent on state aid man

uk's financial watchdog has opened an investigation into the collapse of liberty steel backer greensill capitalauthority said potentially criminal allegations had been made about the circumstances of the financial firm's failure. it comes as former prime minister david cameron faces questions over lobbying for greensill. australian airline qantas has delayed its plans to resume international operations. the carrier had planned to begin flying overseas again from october 2021 and was selling tickets for most of its network beyond that date. but it now says that the restart date has been pushed back to december. uber and lyft are set to offer free rides to anyone travelling to or from covid—19 vaccination sites in the us. they will be available within the next two weeks through the taxi firms' apps until 4july as part of government efforts to increase vaccine take—up, the white house announced on tuesday. more than 40% of the members of the american chamber of commerce in hong kong are considering leaving the financial hub, with most claiming the state's sweeping national security law makes them

inquiry will include the firm's financing arrangements with the now—collapsed finance company greensill capitaly the end of the year. it's building new warehouses in tyne and wear, south yorkshire, leicestershire, wiltshire and kent. the bbc�*s religion editor, martin bashir, is stepping down from his role following major heart surgery last year. the 58—year—old journalist is best known for his high—profile interviews with michaeljackson and princess diana, but has come under scrutiny over allegations that mocked—up bank statements had been used to secure an interview with the princess. the bbc is to conduct an internal inquiry into the claim. prince harry has spoken publicly again about his life as a member of the royal family, saying he wants to "break the cycle" of "pain and suffering" he experienced while growing up, to spare his own children. the prince was speaking in a podcast, in which he compared his life as a royal to being in a zoo. buckingham palace and clarence house declined to comment. 0ur royal correspondent, nicholas witchell, has more. they did their best to walk in step for t

wouldn't accept that for one second because the in the end cameron's lobbying was unsuccessful greensill capitalcollapsed in march this year after its insurers withdrew their cover that's jeopardized $5000.00 steelmaking jobs in the u.k. because the bank was key lender to the firm liberty steel one former minister has told m.p.'s green still had elements of a ponzi scheme something david cameron rejects and while he accepts he should only have gone through official channels he says he broke no rules the barber al-jazeera . so this is out there these are the top stories and israel has intensified its aerial bombardment of gaza killing a mother and her 3 sons $119.00 palestinians including $31.00 children have been killed since the offensive began on monday will have massed fired another $220.00 rockets towards israel hitting the city of ashkelon at least 8 people have died in israel since the conflict escalated the israeli military is deploying troops and military hardware and has plans for a ground offensive.

said britain is considering all options for liberty steel after the collapse of its main lender greensill capitalwhich employs 3,000 people in britain — is planning to sell its stocksbridge plant as part of a restructuring. addressing mps, mr kwarteng was asked what support the government could offer to local communities. mr gupta promised that none of our steel plants would close on his watch, but after the serious fraud office descended on his empire, the workforce is afraid for their future. now the liberty steel plant in tredegar puts food on the table and pays the mortgage is of my constituents and across the country, 5,000 families rely on the company. we now need the government to ensure that these plants remain open and crucially provide the finance to bridge any transition period should a new buyer or estate purchase be necessary and of course work with the trade unions to test the commitment of any new buyers. if promises are broken, will the secretary of state step in with the finance to support our steel communities? the honourable gentleman will remember that mr gupta asked myself an

stocksbridge as part of restructuring plans following the collapse of its main financial backer, greensill capitalrisk. mr gupta's global steel business is also under investigation by the serious fraud office. a completely blind man has had his vision partially restored through a ground—breaking new therapy. it involved giving the surviving cells in his retina the ability to make light—sensing proteins normally found in algae. after several months, his eyes started sending electrical signals to the brain — enabling him to "see" simple objects again. manchester city picked up the premier league trophy yesterday — this morning they were back in training ahead of what could be the biggest week in their history, when they play in the champions league final on saturday. for phil foden it all feels like a dream — aged just 20, the midfielder has become one of the hottest properties in english football. he has been speaking to our sports editor dan roan. he's the homegrown talent who has become one of football's best young players. 2a hours ago, phil foden was picking up his third premier league winners'

prime minister david cameron is defending his intensive lobbying for the now collapsed greensill capitalring nearly four hours of interrogation by two parliamentary committees, cameron denied he was motivated by a big greensill paycheck. investigations are underway on whether senior members of the government gave the former prime minister any special favors. global news 24 hours a day, on-air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. annmarie: laura -- anna: laura wright in london. let's take a look at some of the things on our agenda. at 12:30 p.m. u.k. time, the ecb publishes the account of april's policy meeting, when christine lagarde pushed back against suggestions that they were thinking of scaling back stimulus. a little bit later at 1:30 p.m. u.k. time, we will have the figures for u.s. retail sales for the month of april. what echoes of that strong cpi number will we see in the data? later, robert kaplan takes part in a discussion hosted by the university of texas school of business. a really

former pm david cameron is to face questions from mps over his lobbying for collapsed firm greensill capitalirline to trial a coronavirus test that displays results within 25 seconds. the scheme will see flight and cabin crew taking a ultra—rapid covid—i9 antigen test. results will be compared against their standard test results in the hopes that it could play a role in opening up travel. our correspondent victoria fritz told us more. it sounds like the thing that everyone has been looking for. some kind of trade off between a pcr test, which is seen as the gold standard in terms of accuracy, but it takes time and is relatively expensive, and a lateral flow test, which people up and down the country will be familiar with. the ones that are quite rapid, i suppose, half an hour, a little bit like a pregnancy test. however, they do suffer from problems with accuracy, particularly with people who are asymptomatic. with a lateral flow test, what it is looking for is antigens. it is looking for a specific protein associated with coronavirus. now, this particular test, pelican test, it comes from a

greensill capital financed the deal. i assets, double what he paid. i think there were questions as to whether the scottish government were cautious enough with tax—payer funds, given gfg group were able to raise so much extra cash for themselves. there is also the question of land. sanjeev gupta gave an undertaking to undertake part of the vast estate that came with the smelter to community ownership, locals say he hasn't. i ownership, locals say he hasn't. . . , ownership, locals say he hasn't. ., ., , ., ~ hasn't. i am angry, and like most of— hasn't. i am angry, and like most of the _ hasn't. i am angry, and like most of the local— hasn't. i am angry, and like most of the local people . most of the local people feeling very powerless. we put in a plan for the land which would have supported the community. and now we haven't got that, and sanjeev gupta has reneged on his promise. the scottish government told us it had intervened to save a strategic asset and to protect hundreds ofjobs. sanjeev gupta has kept the smelt

sheet i wouldn't accept one second because the in the ed cameron's lobbying was unsuccessful greensill capital collapsed in march this year after its insurers withdrew their cover that's jeopardized $5000.00 steelmaking jobs in the u.k. because the bank was key lender to the firm liberty steel one former minister has told m.p.'s green still had elements of a ponzi scheme something david cameron rejects and while he accepts he should only have gone through official channels he says he broke no rules the team barbara al-jazeera that russia is sending an actor and a film director where no movie crew has been before their mission is to make the 1st feature film in space using the international space station is a studio. president and director clear mission penco will begin training for the expedition later this month with takeoffs scheduled for october. this is observed these are the top stories and israel has intensified its aerial bombardment of gaza killing a mother and her 3 sons 109000 palestinians including 31 children been killed since the offensive began on monday. a mass fired another 2.

the company has substantial debts after the collapse of its main financial backer, greensill capital.anjeev gupta snapped up specialist steel—makers convinced he could be the man to save them. but to fund his plans, he entered into a complex financing agreement with a company called greensill capital — the same firm who was at the centre of a recent government lobbying row involving former prime minister david cameron. they went bust in march, raising big questions about how gupta's steel business could survive but he told the bbc he was certain jobs were safe. all our steel operations in the uk, one after another, was in the process of shutting. it's hard work which means they now have a viable future. it's still a tough journey ahead, the uk has many disadvantages, the uk steel industry has been decimated for the last few decades. we still have a lot of work to do, i'm not going to give up in the uk. as long as i am in charge, my plants will stay open. but who believes him now? the british government refused to supply £170 million bailout overfears about the transparency of the bill

_ the capital markets are operating well for greensill but _ the capital markets esponse —— in their response to my letter to them i fca in my response —— in their- response to my letter to them said after the _ response to my letter to them said after the onset _ response to my letter to them said after the onset of _ response to my letter to them said after the onset of the _ response to my letter to them said after the onset of the pandemic. response to my letter to them said after the onset of the pandemic in| after the onset of the pandemic in march _ after the onset of the pandemic in march there — after the onset of the pandemic in march there was _ after the onset of the pandemic in march there was widespread - after the onset of the pandemic in. march there was widespread distress in financial— march there was widespread distress in financial markets _ march there was widespread distress in financial markets across _ in financial markets across financiat _ in financial markets across financial services - in financial markets across financial services firms

prime minister david cameron is defending his intensive lobbying for the now collapsed greensill capitalduring nearly four hours of interrogation by two parliamentary committees, cameron denied he was motivated by a big greensill paycheck. investigations are underway whether the government did the prime minister any special favors. global news 24 hours a day, on-air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. annmarie: thanks so much. annabelle droulers in hong kong. president biden hails what he caused a great milestone as public health officials say fully vaccinated americans can stop wearing masks. but in the u.k., a little bit more of an anxious feeling on what's going on with variant from india. there's a divergence across the transatlantic. that's coming up next. this is bloomberg. ♪ ♪ >> and today, with the cdc's guidance in terms of the relaxation of mask requirements, we think it's again going to be a big catalyst for growth and actually being able to put the number of people in our parks that w

financial conduct authority formally launches an investigation into green seal capital -- greensill capitalequities are down. it is the stoxx 600 down by 2.3% , but look at what is happening in travel and leisure. some of that is travel, and some of that is leisure. evolution gaming taking a big hit on the back of some insider selling, but nevertheless, the big airline stocks nevertheless under big pressure. not just tech. other sectors in the mix, too. alix: here in the u.s., we are still seeing a lot of that downside. take a look at the philly semi index, down by over 2%. it surpasses 50 and 100 day moving average yesterday, so breaking some key technical levels. if you want to take a look at the tech momentum trade, that stock just down by 0.6%. assets are about $20 billion, so totally reversible over the last few months for arc innovation, discontinuing that scene. all of that having to do with the supposedly inflation, reflation narrative. i think we are more inflation than reflation at this point. i do want to highlight the three year yield. we do get about a $58 billion worth of thre

financial conduct authority formally launches an investigation into green seal capital -- greensill capitalis the stoxx 600 down by 2.3% , but look at what is happening in travel and leisure. some of that is travel, and some of that is leisure. evolution gaming taking a big

as it's revealed that former prime minister david cameron sent dozens of texts lobbying for greensill capitalthe i, reporting that mr cameron sent 47 messages to ministers and officials trying to get treasury funding for greensill — a finance firm that employed him. do you want to kick off on this one was social care? that's on the front of the mail. it's fair to say that this is a particular bullet that for whatever reason a succession of governments have dodge. it's almost one that none of the parties can hold their head up with pride about. labor. sheet, the liberal deborah and conservatives dodged it and the conservative have dodged it until now. but is this promise written in the paperwork the paper in which the queen wrote it even if the paper was part to make?— queen wrote it even if the paper was art to make? ~ part to make? well, he has committed himself, the — part to make? well, he has committed himself, the prime _ part to make? well, he has committed himself, the prime minister— part to make? well, he has committed himself, the prime minister in - himself, the prime minister in p

and money laundering in connection with invoices sent to its major finance or the now bankrupt greensill capital greenfields implosion has rocked britain's business and political classes former prime minister david cameron was grilled by lawmakers about his lobbying for the company this week right we said there's a strong argument that having a former prime minister you gauge on behalf of any commercial interest no matter how laudable motives and cools can be open to misinterpretation perhaps that's especially so when the communication systems we will use particularly in the ija responding to a crisis of text for an hour rather than the more formal approach of right now goup his empire is facing the heat criminal scrutiny and it still needs to secure financing to replace green still and protect its employees around the world. now let's take a look at some other business stories making headlines hokkaido in northern japan is that under a state of emergency due to the spread of covert 19 people there won't be able to eat out and must avoid non essential travel to other prefectures also face tighte