shery: we're watching hsbc and we have this recent rebound, given hong kong's importance for hsbc, whatnk definitely that's encouraging for hong kong banks. one thing i would say for the net interest is long growth in asia has been premed absent recently you know china's recovery has been delayed, and also, maybe at the beginning of the year we were hoping for a strong rebound in fee income after china pandemic closing last year. and that basically has that happened yet. that being said, definitely, hsbc is benefiting from widening net interest margins, and i think it appears to be a recovery trends. what management is trying to do is, it deals with criticism as an activist investors saying, this is a fundamental turnaround. the question for hsbc is whether this is a cyclical turnaround or whether a fundamental turnaround that would bring up returns for many years. haidi: when it comes of the broader micro headwinds facing greater china as a whole, because we are also starting to see the growth momentum for hong kong we get a little as well, how does that particularly plain to the busin

so while hsbc who's given birth.ile hsbc does this stuff that stonewall approves of, but many others might think are actually pretty excessive and may give offence to mothers who want to be called mothers rather than parents who give birth the same bank sucks up to the totalitarian chinese communist government. now up to the totalitarian chinese communist government . now the communist government. now the chinese government is one of the most brutal governments in the world. it locks up its opponents . it arrests people for having religious beliefs. and what it's been doing to the uyghurs is an enormous scandal of the highest order. people are arguing about whether technically it's a genocide or not, but it is unquestionably murderer is hsbc, which wears its heart on its sleeve and says it's so pious. akua actually supported china's national security law in hong kong, so when it affected its relationship with a totalitarian government, hsbc was on the wrong side. unilever is just as bad, if not worse. if you read its

i have the most dreadful problems in my own accounts with hsbc , who for accounts with hsbc, who for lie in all the rest of it. so what is whole day just lie in all the rest of it . so what is really rest of it. so what is really what this farage thing has shown is not just alison rose wrong saying something at dinner, but the culture of the banks the way the culture of the banks the way the way they are failing our country and us as individuals in the high street. that has got to end . and that is what the end. and that is what the government really should start now as an urgent measure , now as an urgent measure, telling the banks, forget the way you're operating. we're not putting up with it anymore. >> no, indeed. and i a >> no, indeed. and i have a particular issue with hsbc, given closed my business given they closed my business account explanation account without any explanation as to why. >> is it appalling ? >> is it appalling? >> is it appalling? >> and the problem is, you have no recourse. and there are thousands of people in this country all time pulling country all the t

i have the most dreadful problems in my own accounts hsbc , who for a accounts with hsbc, who for a wholeall the rest of it. so what is whole day just lie in all the rest of it . so what is really rest of it. so what is really what this farage thing has shown is not just alison rose wrong saying something at dinner, but the culture of the banks the way the culture of the banks the way the way they are failing our country and us as individuals in the high street. that has got to end . and that is what the end. and that is what the government really should start now as an urgent measure , now as an urgent measure, telling the banks, forget the way you're operating. we're not putting up with it anymore. >> no, indeed. and i a >> no, indeed. and i have a particular issue with hsbc, given closed my business given they closed my business account explanation account without any explanation as to why. >> is it appalling ? >> is it appalling? >> is it appalling? >> and the problem is, you have no recourse. and there are thousands of people in this country all time pulling country all the time pull

— but now post—covid, they're finding out that they just don't need the office space, so that same hsbcthe market, but the market you can't buck is the talent market. people will stay working, and if she were here now, she'd probably be telling whoever the london mayor is after the next election that they need to get ahead of that curve and start doing a bit of that curve and start doing a bit of city planning, rather than just seeing this drip of what's happening in canary wharf. seeing this drip of what's happening in canary wharf-— in canary wharf. fascinating stuff, really interesting _ in canary wharf. fascinating stuff, really interesting stories, - in canary wharf. fascinating stuff, really interesting stories, thank. really interesting stories, thank you both very much, justine greening and hager s raleigh, former us governor adviser, thank you both. a bit of breaking news that's come into us just in the last few minutes, i'm afraid it's a bit distressing — we don't have any details, but i want to bring what i do have, this is coming from our correspondent saying 2a people have

he pops into his local hsbc branch . the his local hsbc branch.and he asked to make a £25,000 cash withdrawal from his account. over £1 million had been through that account in the previous yean that account in the previous year, but no outcomes. and acting manager and says, why do you want the money? what he says it's for private means she pushes him . i want to buy pushes him. i want to buy christmas presents. i want to buy things and she refuses him his money. he said he was apoplectic with rage. after all, it was his money, but he wasn't swearing or being aggressive. a couple of weeks later, he found he cannot access his account . he cannot access his account. having been with hsbc for 25 years, his accounts have been closed. another one, a guy who was involved in medical cannabis research seeking solutions for young children with epilepsy . he young children with epilepsy. he closed down by natwest and then refused by six other banks. this is the madness that is going on. what i'm joined by someone who knows a bit about this, angela knight, f

earlier, i spoke to frederic neumann from hsbc, who gave us his assessment on whether the fed's language was clear on the next step. well, not 100% clear, because the chair left the door open. they could hold the next time round or they could raise rates again, and we usually see that prevarication at the end of a tightening cycle, but as the central bank says, "you know what, we've done a lot, we need to see how "the previous interest rate hikes affect the economy, "so we're watching the data". so we are not 100% certain what's going to come next. opinions seem to be split, in terms of the european central bank, and what they are going to do next as well. what is your assessment on that? well, here we have a fairly clear signal actually that the ecb is still raising interest rates, but here too in europe, going forward, we are probably closer to the end of the tightening cycle than the beginning, because you see the economy is starting to respond to early interest rate hikes, and eventually inflation will drift lower, and of course central banks look forward six to nine months, so we ha

hsbc bank predicted the american economy about a month ago.h the continued increase in the interest rate and contraction in the fourth quarter of the year, shad said, adding that america will experience a recession similar to the economic recession of this country in the early 90s and will face a one to two percent decrease in gdp. thank you for your support . bakhshi reports that they both know haj hassan zare well it's toast, i wore many clothes to make a living, i went to work, we had a car, i went, but there is also a dress that he wears every year with love. hasan shimi means ta'zia, the month of ta'zia, we don't get warm. the chicken painted by imam hossein is not easy to play the role of shamar, the crime that shamar is cursed in karbala if they are done, he wants me to come and do it. i'm fine. it's important for him to walk. it's important to draw the windows. he's familiar with every tazeeh. all the maps that i need to read when i start. from both sides, from ruqiya, from abolfazl, from the reel of mina, in the chest, in the annual i

as hsbc identified how much -- has hsbc identified how much money is out there? max: when we look at how underinvested or expose they are to several asset classes, what we can see is since late last year, around october, they have been distantly underweight. they are consistently parking cash on the sidelines or hiding out in lower risk asset classes in anticipation of a u.s. recession so many were expecting. it is not just -- it's just not happening. there is, particularly among discretionary investors and real money investors, an awful lot of underweight positions in the risk assets that have to be corrected over the next couple weeks and months. this should keep the equity market and risk assets quite upbeat the next couple months. lisa a: you were bearish last year and went bowl this year, talking about how you are expecting us to get ahead of the recovery on the others. extended the call through the summer. at the end of the summer, things might change. what would this be? max: you guys have been talking about this. what is this fine line between activities

the hsbc -- the undp administrator will join a shortly.david: the weather is depressing than hong kong. there is eight-signal, so let's take you back where the birds are chirping and the sun is out. we have the meeting of finance ministers and central bank governors meeting there. mennecke does she is standing by to talk about reforming the world's top institutions and the debt architecture. take it away. >> thank you very much. i have with me undp's achim steiner. let me start with the because you have been championing recently, and that is the debt architecture. do you see support among g20 countries to support that? >> we have seen the last few months the growing risks it imposes on the global economy or the financial system for the dozens of countries that are one step away from defaulting. that isn't on the g20 to tackle these issues. -- that is on the g20 to tackle these issues, but you are still seeing a slow pace of addressing this problem and the urgency that is needed. how the third meetings leading up to this g20 summit later in

earlier i spoke to frederic neumann from hsbc, who gave us his assessment on whether the fed's language clear on the next step. fed's language was clear on the next step-— next step. well, not 100% clear, because _ next step. well, not 100% clear, because the - next step. well, not 100% clear, because the chair i next step. well, not 100% i clear, because the chair left the door open. they could hold the door open. they could hold the next time round or they could raise rates again, and we usually see that prevarication at the end of a tightening cycle, but as the central bank says, you know what, we've done a lot, we need to see how the previous interest rate hikes affect the economy, so we're watching the data. so we are not 100% certain what's going to come next. not100% certain what's going to come next.— not 100% certain what's going to come next. opinions seem to be slit, to come next. opinions seem to be split. in _ to come next. opinions seem to be split, in terms _ to come next. opinions seem to be split, in terms of— to come next. opinions seem to be split, in terms of the - b

joey chew, head of asia fx research hsbc.ocks the gauge extending gains to as much is 5%. we are looking at that in a 4% certainly broad-based markup when it comes to equities. let's look at this broad-based markup and we see one particular bank quite upbeat about not just what is going on as far as the economy goes but its own growth prospects. that is for its asian business. this is choppy economic news we are getting out of china. bill winters told us it supposedly that he is expecting chinese property market to pretty much the in focus. this is what he had to say. bill: the asian markets where we operate are doing relatively well. we hear about the slowness in china, which is true. the recovery has been sporadic, but fundamentally, the region is opening up. economic growth is strong. that is the backdrop for all of our colleagues. we have added thousands of people over the course of the past year. we are also aggressively digitizing our business. of course that means people are going and people are coming all the time. bu

they stop, hsbc got caught a laundering money for drug cartels. they went out and hire jim called me and brought him on the board, cleaned it right up and off. they go. so they know a lot of times they can buy their way out of this by high, you know, just bringing in. so like high powered the neo liberal actors on board. we're talking about the separation of church and state and the west all the time. maybe we need separation of the banks and government, but we both know that would be uh, unrealistic. unfortunately, government do feel though, if we do start seeing the standard, are we asking for trouble for down the road for possible allowance of discrimination by certain business? by encouraging business to interact with him and not with other depending on how popular, how strong those ties are with government as well. but unfortunately now i, you know, i understand where you're going, but i think it's too late for that. if you look at what happened during the during co but such as in canada, where the government said the banks, oh well you donat

my account was cancelled by hsbc and this is not happening.da to folk on the left, it's not happening to corbynistas or labour party members. it's happening to small c conservatives as the whole thing is rather sinister. >> i have to say, if i turned up at my bank and they had lgbtiq flags in the window, i'd go in and close my account. what banks are doing at the moment, this is it's actually there's something even more sinister going on here. i believe in that, that banks have lost sight of their customers and that they have a duty to care. i went into my high street bank and said , i high street bank and said, i want to see someone to help me set up online banking. and they said, fantastic , we'll do that. said, fantastic, we'll do that. we an appointment we can give you an appointment in months, three months. in three months, three months. and i've got i've been banking with them for like 25 years and what they've they've just fallen into this whole stonewall thing has been a con because they set up very cleverly this idea of the 100 most w

my account was cancelled by hsbc and this is not happening.da to folk on the left, it's not happening to corbynistas or labour party members. it's happening to small c conservatives as the whole thing is rather sinister. >> i have to say, if i turned up at my bank and they had lgbtiq flags in the window, i'd go in and close my account. what banks are doing at the moment, this is it's actually there's something even more sinister going on here. i believe in that, that banks have lost sight of their customers and that they have a duty to care. i went into my high street bank and said , i high street bank and said, i want to see someone to help me set up online banking. and they said, fantastic , we'll do that. said, fantastic, we'll do that. we an appointment we can give you an appointment in months, three months. in three months, three months. and i've got i've been banking with them for like 25 years and what they've they've just fallen into this whole stonewall thing has been a con because they set up very cleverly this idea of the 100 most w

this is lloyds , natwest, hsbc and lloyds, natwest, hsbc and barclays to explore.ly. you're listening to gb news radio . welcome back to the live radio. welcome back to the live geek.— radio. welcome back to the live week. we— radio. welcome back to the live week. we wee— radio. welcome back to the live desk. we were telling— 3a: welcome back to the live desk. we were telling you weerereew— desk. we were telling you yesterday the _ desk. we were telling you yesterday the government was savingr — yesterday the government was sayingr — yesterday the government was saying, no, orkney, you're erewing— saying, no, orkney, you're erewing witn— saying, no, orkney, you're staying with us. however, in the ieei— staying with us. however, in the we rew— staying with us. however, in the last few minutes— staying with us. however, in the last few minutes we can tell you iner— last few minutes we can tell you we eewneii— last few minutes we can tell you that council owners— last few minutes we can tell you that council owners in orkney newe— that council owners in orkney newe ee

the bosses of lloyds, hsbc, natwest and barclays have denied accusations from mps that they've been profiteeringdence some retailers are overcharging customers. andrew baily says regulators must take measures to prevent retailers taking advantage of high inflation and pushing through unfair price hikes, which all adds to the cost of living crisis. the government has suffered another series of defeats in the house of lords over its plans to deport asylum seekers who arrive in the uk on small boats. peers backed five new amendments to the illegal migration bill. in total, the government was defeated 20 times during three days of debate. the bill will now go back to the commons. you're live with bbc news. a court in sweden has sentenced a kurdish man to four—and—a—half years in jail for attempting to finance the kurdish militant group the pkk. the court also ruled that the man must be deported from sweden. the case has been keenly watched in turkey which has fought the pkk — on and off — since the 1980s. ankara has opposed sweden's application to join nato, accusing sweden of not doing enough to fi

the fca will question bosses from hsbc, natwest , lloyds and hsbc, natwest, lloyds and barclays over is that saving rates are lagging behind the soaring cost of mortgages by around 4. a shadow chief secretary to the treasury, pat mcfadden , says many families are mcfadden, says many families are struggling to make the payments. >> it's very concerning and it's like rolling financial thunder this. the rates are going up and up, particularly over the past month or so . and every month month or so. and every month there's about 200,000 more people coming off a two or a five year fixed rate. it might have been fixed in the past. it's something like 2% and they're now coming on to the kind of rates that you've just quoted. it's going to cost families hundreds of pounds a month when they renew these deals . deals. >> teachers unions are calling on the government to release the pay on the government to release the pay recommendations made by an independent body. any eu members independent body. any eu members in england will stage fresh strikes this week. on wednesday and friday over the on

the four major high street banks , hsbc, major high street banks, hsbc, lloyds, barclays and of coursest, which owns coutts, all say not in their terms and conditions, but in the small print of their privacy policies says that they reserve the right to monitor other people's social media accounts . they don't say media accounts. they don't say why and they don't. explicit admit it's to with a view to debunking them . if they express debunking them. if they express any unorthodox or heterodox political views. but that's the strong implication. and we know that banks have been doing that not least in your case. and in my case. so i do take it very seriously. one of the things the free speech union does is we advise our members not only to make sure their privacy settings are set to quite a high standard , so not everyone can access their social media accounts, but also to install apps that automatically delete their social media posts after a week, a fortnight or so. so a fence archaeologists can't go back over a number of years to try and find things to be offended by. >> and is that i

the authorities there are trying to evacuate at least 2500 people from the affected areas is now hsbc will cut its interest rates from tonight, making it the first high street bank to act following last week's better than expected inflation figures. the bank told gb news earlier the new rates will come into effect from midnight tonight and it comes after figures last week showed inflation was at a 16 month low in the year to june . month low in the year to june. you are up to date on tv online, dab+ radio and the tune in app . dab+ radio and the tune in app. this is gb news. britain's news . channel .channel good . channel good evening. >> just over an hour ago , a >> just over an hour ago, a statement was issued by the board of natwest bank and leading the charge was howard davis. the chairperson, as he describes himself of the natwest group . what did he say.7 he said group. what did he say.7 he said the board has noted alison rose's statement on the circumstances of her conversation with simon jack and her further apology to mr farage as she recognises his. she should not have spok

the authorities there are trying to evacuate at least 2500 people from the affected areas is now hsbc will cut its interest rates from tonight, making it the first high street bank to act following last week's better than expected inflation figures. the bank told gb news earlier the new rates will come into effect from midnight tonight and it comes after figures last week showed inflation was at a 16 month low in the year to june . month low in the year to june. you are up to date on tv online, dab+ radio and the tune in app . dab+ radio and the tune in app. this is gb news. britain's news . channel .channel good . channel good evening. >> just over an hour ago , a >> just over an hour ago, a statement was issued by the board of natwest bank and leading the charge was howard davis. the chairperson, as he describes himself of the natwest group . what did he say.7 he said group. what did he say.7 he said the board has noted alison rose's statement on the circumstances of her conversation with simon jack and her further apology to mr farage as she recognises his. she should not have spok

the four major high street banks , hsbc, major high street banks, hsbc, lloyds, barclays and of coursest, which owns coutts, all say not in their terms and conditions, but in the small print of their privacy policies says that they reserve the right to monitor other people's social media accounts . they don't say media accounts. they don't say why and they don't. explicit admit it's to with a view to debunking them . if they express debunking them. if they express any unorthodox or heterodox political views. but that's the strong implication. and we know that banks have been doing that not least in your case. and in my case. so i do take it very seriously. one of the things the free speech union does is we advise our members not only to make sure their privacy settings are set to quite a high standard , so not everyone can access their social media accounts, but also to install apps that automatically delete their social media posts after a week, a fortnight or so. so a fence archaeologists can't go back over a number of years to try and find things to be offended by. >> and is that i

the fca regulator will question the bosses of hsbc , hevvee,— will question the bosses of hsbc , natwest rates that you've just quoted. it's going to cost families hundreds of pounds a month when they renew these deals. education union month when they renew these deals . education union leaders deals. education union leaders are deals. education union leaders eehhhe— deals. education union leaders eehhhe eh— deals. education union leaders are calling on the— : education union leaders are calling on the government to veeeehe— are calling on the government to veeeehe hhe— are calling on the government to eheee hhe hev— are calling on the government to release the pay review bodies recommendations. the national heueehheh— recommendations. the national education union— recommendations. the national education union says the delays eeuehe— education union says the delays eeuehg ehvhehv— education union says the delays causing anxiety and frustration in causing anxiety and frustration hh ehehgeh— causing anxiety and frustration in amongst schools and head heeeheve— in amongst schools and head t

the bosses of lloyds, hsbc, natwest and barclays have denied accusations from mps that they've been profiteeringetailers are overcharging customers. andrew bailey says regulators must take measures to prevent retailers taking advantage of high inflation and pushing through unfair price hikes, adding to the cost of living crisis. the government has suffered another series of defeats in the house of lords over its plans to deport asylum seekers who arrive in the uk on small boats. peers backed five new amendments to the illegal migration bill. in total, the government was defeated 20 times during three days of debate. the bill will now go back to the commons. you're live with bbc news. the wagner group leader may be in the russian city of st. petersburg, according to the belarusian leader alexander lukashenko. he led wagner's short—lived meeting last month. mr lukashenko said he had in his words offered to let him down in belarus as part of the deal to end the rebellion. the leader had arrived in this country, and this is what the belarusian leader had to say earlier. what the belarusian leader ha

bosses at lloyds, hsbc, natwest and ba rclays are to meet the financial conduct authority on thursdays have seen banks raise mortgage costs but there are concerns that higher returns are not being passed on as quickly to savers. oil prices have settled down, after saudi arabia and russia moved to extend its production cut by another month. riyadh has been leading the charge to cut production in a bid to get crude prices to remain high. saudi arabia said it would extend its voluntary cut ofi million barrels per day to august. russia will also reduce its oil exports by 500,000 barrels per day in august. now to the latest chapter in a tit—for—tat chip war between washington and beijing. china has slapped export controls on two rare metals that are used in the manufacture of semiconductors. the move by the chinese ministry of commerce targets the metals gallium and germanium, of which china is a major producer. from next month, exports of these metals will require a license. michelle fleury explains. us treasury secretary janet yellen is headed to beijing, and has is the second trip by a

hsbc from the affected areas.c says it's going to cut its interest rates tonight, making it the first high street bank to act following last week's better than expected inflation figures. the bank told gb news the new rates are going to come into effect from midnight and that comes after figures last week showed inflation was at a 16 month low in the year to june . month low in the year to june. you're up to date on tv, online, dab+ radio and the tunein app . dab+ radio and the tunein app. this is gb news. britain's news . channel the housing secretary, michael gove has announced new planning reforms which have included a new, well designed, sustainable and beautiful urban court of cambridge . cambridge. >> beauty lies at the very heart of these changes. the labyrinthine planning system has for far too long favoured big developers that build big, ugly identikit spaces. and this has inevitably led to nimbyism because people don't want something ugly being built next to them. the solution to nimbyism is beauty. to t

what about businesses >> and what about businesses that are operating in hong kong , particularly hsbce surprising for a uk business, isn't it? >> yeah, but i think this hsbc is leaning towards china more and more, especially after the promulgation of the nsl and right now i don't think that they are facing a certain pressure or enough pressure from the uk side . so that's why all the uk side. so that's why all of those hong kong pension, most of those hong kong pension, most of them have has been locked up in hong kong . in hong kong. >> and so the uk government in your view, should have targeted sanctions on individual members of the chinese government ? we of the chinese government? we should obviously try and work with the united states so that they would do it too, because that greater global that would have greater global impact. more can we do to impact. what more can we do to help people like you, the citizens of hong kong, who are standing democracy? standing up for democracy? >> well, would say there are >> well, i would say there are at two things. first of at least two thin

vance include hsbc. they are said to be along those lenders helping on this transaction here. they are said to be helping seek investors. more details to follow. that is the headline for you. they are now courting the big money. the sovereign wealth funds. >> a mega ipo indeed. $9 billion. tracking gains in the u.s.. bucking four days of losses. key concerns of cpi data. that will dictate what the fed does from here. look at where we are in terms of benchmarks. the 300 index up half a percent at this point in time. several are getting lifted by those measures in the property sector. china getting banks to expand the loan. lifting sentiment somewhat. the asx index up by more than 1%. the indy affect space, the della down for a third day. there is a sense that the be oj may justly. that meeting front and center. some believers sing some binding. yields took a tumble. yields down. we have aussie tenure yields down. it is providing that runway for the risk ask its -- risk assets to rally. it is looking like indy will be joining this rally. certainly thailand. stronger as you can s

bosses at lloyds, hsbc, natwest and ba rclays are to meet the financial conduct authority on thursdayest rates have seen banks raise mortgage costs but there are concerns that higher returns are not being passed on as quickly to savers. chancellorjeremy hunt has said it is an "issue "which needs solving". analysis by the bbc has found thousands of adverts for rental properties say that tenants with children or pets are not welcome. there are no laws explicitly stopping this, but mps are considering more protections for renters in england. under existing equality laws, blanket bans on children have been shown to indirectly discriminate against women. our personal finance correspondent kevin peachy has more. it is almost a full—time job. sarai has been searching for somewhere to rent for a year without any luck.— without any luck. there is a bi . without any luck. there is a big problem _ without any luck. there is a big problem with _ without any luck. there is a big problem with having - big problem with having children under the age of 18. that's a big barrier. being a single parent

and suspects he's hsbc, isn't and he suspects he's hsbc, isn't it?duals he thinks have come for him. oh, really? yeah, inai-e— come for him. oh, really? yeah, inai-e ine— come for him. oh, really? yeah, that's the thing.— come for him. oh, really? yeah, that's the thing. if— come for him. oh, really? yeah, that's the thing. if you if you eieee— that's the thing. if you if you eiaee nann— that's the thing. if you if you close down, if— that's the thing. if you if you close down, if you've got eeneieiy— close down, if you've got somebody who - close down, if you've got somebody who runs an investigative- somebody who runs an investigative blog you somebody who runs an- investigative blog-you close investigative blog and you close down— investigative blog and you close dawn—iney-ne- down their account, they're going—why- down their account, they're going—any anal going to find out why and iney-ne— going to find out why and iney-ne-ie- going to find out why and they're-to nail- going to find out why and they're to nail you to the they're going to nail yo

and suspects he's hsbc, isn't and he suspects he's hsbc, isn't it?ividuals he thinks have come for him. oh, really? yeah, rear-e— come for him. oh, really? yeah, rnar-e ene— come for him. oh, really? yeah, that's the thing.— come for him. oh, really? yeah, that's the thing. if— come for him. oh, really? yeah, that's the thing. if you if you ereee— that's the thing. if you if you ereee newn— that's the thing. if you if you close down, if— that's the thing. if you if you close down, if you've got eerneeeay— close down, if you've got somebody-runs- somebody who runs an investigative- somebody who runs an investigative blog and you close newn— investigative blog and you close aeen—reeve- down their account, they're going— down their account, they're gang-ear- down their account, they're gang-ear why- down their account, they're going out why and going to find out why and eeen-re— going to find out why and rner-re-re- going to find out why and they're-to nail- going to find out why and they're to nail you to the they're going to nail you to the war. — the

the bosses of lloyds, hsbc, natwest and barclays have denied accusations from mps that they've been profiteering sub—saharan countries. this in retaliation for the killing of a local man. the issue seems to be centred on the coastal city of sfax used by many migrants as a staging post on what they hope will be a journey to europe. our north africa correspondent bassam bounenni is there and sent this update. dozens of african sub—saharan migrants are gathering here in sfax's city centre after a tense day in the to coastal city. they are looking for a way out. some of them rushed into railway stations while others left on feet. protests erupted on monday after a tunisian was fatally stabbed by a migrant. the demonstrations turned violent, with migrants slaughtered and kicked out of their homes. translation: i woke up at 5am in the morning to go to work. i and i came across to a roundabout, and i wanted to cross the street. and these two young men came in and started trying to jostle me with their motorbikes, so i stopped. then they started to hurl insults at me, but i didn't say anything. and then

their decision follows the lead of another bank, hsbc, which cut the cost of around 100 products earlier provider mastercard has moved to block americans from buying marijuana with its debit cards. while the drug is legal in many individual states, it's still illegal at a federal level which means that most credit card providers cannot facilitate its purchase. many cannabis retailers accept debit cards as a workaround. mastercard said it must uphold federal law. democrats in congress have been trying to change those laws. our business correspondent michelle fleury is in new york. michelle, thank you for being with us. what is this going to mean for these cannabis dispensaries? it is not a new these cannabis dispensaries? it 3 not a new problem, as these cannabis dispensaries? it 1 not a new problem, as you say, because of the way the federal law governs this. it has always been a difficult question about banking stop none of the major banks in the country provide services to these cannabis dispensaries, and so they have had to rely on, either workarounds in some cases, or otherwise, on o

the bosses of lloyds, hsbc, natwest and barclays have denied accusations from mps that they've been profiteeringthere is evidence some retailers are overcharging customers. andrew bailey says regulators must take measures to prevent retailers taking advantage of high inflation and pushing through unfair price hikes, adding to the cost of living crisis. the government has suffered another series of defeats in the house of lords over its plans to deport asylum seekers who arrive in the uk on small boats. peers backed five new amendments to the illegal migration bill. in total, the government was defeated 20 times during three days of debate. the bill will now go back to the commons. you're live with bbc news. within the past, connor chapman has been found guilty of murdering elle edwards and christmas. liverpool crown court heard that chapman had more than 20 previous convictions. more from north england correspondent. figs more from north england correspondent.— more from north england corresondent. �* , , . , correspondent. as the sentences were read out in court, _ correspondent. as the sentence

hsbc has replied and said they've increased their savings rates a dozen times since 2022 so that reports going to be very interesting to look at. >> absolutely. challenging tomb for the uk government and the bank of england. unfortunately that's all we have time for today anyou for watching i'm julianna tatelbaum "worldwide exchange" is up next. so that report is going to be ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. bridgett is here. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards creates experiences big and small, and once-in-a-lifetime. sleepovers just aren't what they used to be. a house full of screens? basically no hiccups? you guys have no idea how good you've go

impact on the broader economy and the banking sector, today thebanking reaction is sharply higher hsbc only moving a fraction higher, 0.4% uk retailers, let's take a look at how the reaction has been also noteworthy that we're seeing somewhat of an improvement in the food inflation as well. it's moved in the favor of everyone perhaps it also means consumers will have a little more c discretionary money to play with all of these names up 4% and 5%. this is actually the biggest jump we've seen since 2008, so it is a huge day for some of the home builders in the uk, and we're seeing it on the screen behind me. >>> now, speaking this morning, the chancellor jeremy hunt reaffirms their place in the priorities. >> it's good news inflation has fallen it shows that if the government and bang of england take difficult decisions, we can win the battle against inflation nonetheless, families up and down the country, inflation is rising too fast. 5% in the eurozone you can see if we stick to the plan, we can bring down inflation, and that's what this government is determined to do. >> well, arabil

and $9 billion shanghai ipo, ago to jpmorgan chase and an hsbc, among those working to bring investorso the biggest public offering this year >>> ahead on "worldwide exchange," the one word every investor needs to know today and truist advisers keith lerner says this signals a bull market to him >>> if you miss "worldwide exchange," check us out on apple or other podcast apps. more on "worldwide exchange. stay with us after this break. ♪ to guide you through a changing world. ♪ (bobby) my store and my design business? we're exploding. to guide you through a changing world. but my old internet, was not letting me run the show. so, we switched to verizon business internet. they have business grade internet, nationwide. (vo) make the switch. it's your business. it's your verizon. this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. >>> looking at live shots from around the world london, hong kong, new york and washington welcome back to "worldwide exchange." time for the "wex wrap-up. we begin with fed president john williams saying he has slow

over savings rates for customers are too low according to the financial times chief executives from hsbc and lloyd's have been summoned to the watch dog. they want to discuss the cash savings and transparency with customers on rates this is an interesting story we had the chancellor meeting with the number of building societies and banks a couple of weeks ago and investors thought this might be the avenue through which they would try to make adjustments and not provide support to the housing market, but get the banks to push through higher rates with higher savings. that would be a way to support the british people and economy without fueling inflation further with more fiscal support. an interesting story to keep an eye on. >>> over in the u.s., u.s. markets closed today for the independence day holiday we thought we would give you a look at where we stand year to date you have all three of the major indices up year to date. the winner by a wide margin is the nasdaq tech heavy index up 30% driven by a.i. optimism cnbc's steve kovach has more >> tech is the big iwinner drive by a.i. opti

janet henry at hsbc joins us now.will not talk about the senate and capitol hill but we will talk about the european central bank. what are you and the team looking for later this morning? >> it's what we hear from the chief, no one will be surprised seemingly by the rate decision today. it's all about the policy guidance if there is any for september. the first point will be what we hear in the statement. do they change the statement rather than bringing rates restrictive? i would be surprised if there is any change given the statements because you have a half an hour gap before the press conference. they really don't want to trigger any significant market volatility in the intervening time. i fear it won't be anymore exciting than the fed meeting was yesterday. at least yesterday, they change the description of first half growth from modest to moderate. for the ecb, the last couple of months have been some of the surveys on the manufacturing side. i think it will be very much stating the fact that it's all about inf

not what we're seeing from the likes of hsbc, for instance, at 6.3%.y say that could, de-risk. the second quarter data, they say has been better because of the base effects coming in, given this was the point last year when. shanghai started to lift its curbs. . . but they say that unless we do see something like that three-pronged policy response, china's economic growth could surprise to the downside, coming in at 5.1%, that is their base case. shery: we have seen the exuberance over a potential massive stimulus coming from beijing really helping sentiment, something that hasn't really materialized. so what does china's economic weakness mean for global stocks? annabelle: if you look at the gains in global stocks since around the same time, march or so, a lot of that has been underpinned by the expectation that we would start to see larger stimulus from china that has not really materialized. and investors have been disappointed. it has been something to lift the global stocks index, another part of that playing into the growth story in the u.s. thos

check out which names and sectors hsbc has for growth. >>> coming up on "street signs", the much anticipatedbenheimer films make their box office debut we'll look at how they performed after this break when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and we're saving a ton. go to shipstation.com /tv and get 2 months free. >>> welcome back to "street signs. shout out to x elon musk is goingto replace twitter's blue bird logo to x. he tweeted simply x this morning. comes with advertising leverage and with conversations with meta sets up with their own form of social media platforms >>> barbenheimer delivered a bumper weekend at the box office helping north american cinemas turn in their best since april 2019 "barbie" tallied $1.9 million. the highest opening of 2023. counterpart "oppenheimer" had an estimated $80.5 million. abc news's donna griffin. >> go barbie. >> reporter: in theaters the weekend belonged to "barbie. >> going to see "barbie. >> hi, barbie. >> hi, barbie. >> "bar

hsbc i like, which should return .33 of its capital. over the next two years.hholding tax. all of those look attractive to me. they are big companies. i don't think any of those will necessarily be taken over but there are some that may be taken over in the u.k. and provide a fall. sterling has moved to 130 today on the u.s. dollar and has some further upside. the u.s. economy will do better than most economies this year, despite all the predictions of next year. it will be the lowest, i think in the middle or towards the top of the growth lead. germany is the stigma of europe, not the u.k. dani: the mood around the u.k. does feel dour. there is fear of continued inflation, central bank policy mistakes. for those who say it is not the u.k., it is europe, what are they getting wrong? jim: the consumer still has substantial cash assets. the fact that the u.k. is not an analog economy like germany is and not so exposed to china like germany is. i would much prefer to buy the u.k., even though much of my assets are in germany. i would much more prefer to buy the u.