think she that follow that, marc ashdown, a i that follow that, marc ashdown, a business correspondentleksandar vucic claimed his decision was based on kosovo not being an internationally and legally recognized state. earlier the european union's top diplomatjosep borell announced an agreement between the two nations towards normalising relations.despite this belgrade has refused to recognise kosovo's independence, since it was declared 15 years ago. i'm joined now by our balkans correspondent guy delauney who is in ljubljana. it seemed like the eu had drawn up a deal. it it seemed like the eu had drawn up a deal. ~' , it seemed like the eu had drawn up a deal. ~ , ., deal. it looked like they were about to ut ink deal. it looked like they were about to put ink on _ deal. it looked like they were about to put ink on that _ deal. it looked like they were about to put ink on that deal _ deal. it looked like they were about to put ink on that deal and - deal. it looked like they were about to put ink on that deal and sign - deal. it looked like they were about to put ink on that deal and

marc ashdown, bbc news. let's have a look at how markets have been reacting in asia.by 1.5%. hong kong is bucking the trend in the region, up over 2%, probably to do with events in china which will be discussed later. 0n the whole, markets are extremely nervous. joining me now is janet mui, head of market analysis at rbc brewin dolphin. good morning. talk us through your thoughts, as this started to unravel friday, there has been a lot of activity over the weekend to try to prevent any contagion orfearfactor hitting contagion or fear factor hitting markets today? good morning. — hitting markets today? good morning. the _ hitting markets today? good morning, the markets - hitting markets today? good morning, the markets have l hitting markets today? (13mm morning, the markets have been nervous and friday we saw equity markets fall but over the weekend we saw there was action from the federal reserve and the treasury and the federal corporation of insurance and their announcement that basically the us federal reserve and treasury will backstop all that depositors that t

here's marc ashdown. i've spent £76.83 this week. and have you had it on much? no!art. after seeing her energy bills treble, she's cut back on everything, from doing her washing, to making tea. i turn radiators off in rooms. i've shut doors. i sit with a rug around me at night, in my lounge. you're just constantly cutting back on everything. since october, the government's energy price guarantee means a typical consumer pays a maximum of £2,500 a year. that figure is planned to rise to £3,000 in april, but could now be frozen where it is for another three months. now, there will be some additional support for pensioners like sue, those on low incomes and on disability benefits. and if you want to see how you might be affected, there's loads of information on the bbc�*s website. now, it is worth noting that for the past six months, everyone's been getting a £66 discount on their bill, totalling £400 paid for by the government. but, at the end of this month, that is ending. businesses have also been receiving government support for their energy costs, but that's about

marc ashdown, bbc news. you're watching newsday on the bbc. still to come on the programme...apartheid and that chapter. more than 3,000 subway passengers were affected. nausea, bleeding, headaches and a dimming of vision, all of this caused by an apparently organised attack. the trophy itself was on the pedestal in the middle of the cabinet here. now, this was an international trophy, and we understand now that the search for it has become an international search. above all, this was a triumph for the christian democrats. of the west, offering reunification as - quickly as possible. and that's what i the voters wanted. this is newsday on the bbc. i'm karishma vaswani, in singapore. our headlines... hollywood's big night — the oscars, is under way — with stars arriving not on a red carpet — but a specially made champagne—coloured one. the us government announces a rescue plan to ensure all depositors, in the failed silicon valley bank, can retrieve their funds — at the start of the next working day. another big straight coming out of the us, a three—way summit gets underway in

marc ashdown, bbc news.rmouth, forcing residents to leave the wooden properties. jon ironmonger reports. it's high tide in hemsby, and the coastline is shrinking once again. in the sea, remnants of a playhouse from the back garden of a property, which is among several on the marrams to be evacuated in the past 2a hours — though not entirely. it looks like two chickens have been forgotten about and not removed. so the guys from the lifeboat station have just come and plucked them out of their little cage — just in the nick of time, by the looks of it. just straight through to the sea. sure enough, seconds later, a shed beside the chicken coop vanishes into the waves. creaking and banging whoa, whoa. they may have survived the night, but at the last minute, three of the most perilous houses were earmarked for demolition. and sue, who bought hers has a renovation project three years ago, was given a few hours this morning to gather her belongings before the digger moved in. the odd curtain rail, the bell off th

here's our business correspondent marc ashdown. in the headlines for all the wrong reasons again. they are keen to reassure investors or listen hand and that they will act if necessary. listen hand and that they will act if necessary-— if necessary. that is true, if you no back if necessary. that is true, if you go back to _ if necessary. that is true, if you go back to the _ if necessary. that is true, if you go back to the start _ if necessary. that is true, if you go back to the start of- if necessary. that is true, if you go back to the start of the - if necessary. that is true, if you | go back to the start of the week, credit suisse, switzerland's second biggest bank, but it has had a rocky few years with money being taken out of it, and the biggest shareholder, the saudi national bank, said they would not put any more money on. they were not worried about the turnaround, but had reached the threshold of almost 20% it did not want to go above it. that did spook the markets, we have had turmoil over the last few days, which ad

marc ashdown, thank you.g the failure of its mission injanuary to send nine small satellites into orbit from an airfield in newquay. the us space agency nasa has unveiled new spacesuits for the next generation of astronauts landing on the moon. the new design provides improved support for space travellers conducting scientific experiments on the lunar surface. it is also said to be a better fit for female astronauts. the current spacesuits haven't had a full redesign since the 1980s. a piano teacher who once taught catherine, princess of wales has written a song for the nation to sing at king charles' coronation. daniel nicholls is in touch with schools across the country, and hopes the day before the coronation they'll all come together to sing. here's fiona lamdin. # thejubilation... # of the nation. excellent. composers daniel and sandra have written a song celebrating king charles iii's coronation, and they want every school singing it. # the central orb of all that's just. # in you, our king, we place ou

marc ashdown, bbc news.between two small boats had overturned at torrey pines beach in san diego. you're watching newsday on the bbc. still to come on the programme... he's the bbc�*s highest—paid presenter — and he was asked to step back from presenting over a tweet — we'll look at how gary lineker�*s row with the corporation could be resolved. today we have closed the book on apartheid and that chapter. more than 3,000 subway passengers were affected. nausea, bleeding, headaches and a dimming of vision, all of this caused by an apparently organised attack. the trophy itself was on the pedestal in the middle of the cabinet here. now, this was an international trophy, and we understand now that the search for it has become an international search. above all, this was a triumph for the christian democrats. of the west, offering reunification as quickly as possible. _ and that's what the voters wanted. this is newsday on the bbc. i'm karishma vaswani in singapore. our headlines... hollywood's big night, the os

that was marc ashdown, a business correspondent and not terminator.er borisjohnson is to publish evidence in his defence — before he faces questions from mps over whether he misled parliament about parties held in downing street during the covid lockdown. his own government brought in the laws, banning many gatherings at the time — but mrjohnson was fined for attending drinks parties. misleading parliament is seen by other mps in the uk as a serious breach of the parliamentary rules. boris will appear before a committee of mps on wednesday — in a televised session — investigating his actions. the story is dominating the british political tv talk shows on sunday morning. our political correspondent tony bonsignore has been picking out the key details for us... rishi sunak would rather not, this week, that we were talking about parties held or not held during covid lockdowns, but that's what we are going to be talking about — this mammoth session we're expecting on wednesday afternoon. key moment, i think, for borisjohnson's future in westminster. olive

our business correspondent marc ashdown has the details. i've spent £76.83 this week.as turned me to reading into a fine art. sue has turned meter reading into a fine art. after seeing her energy bills treble she's now careful about the simple things like making tea and does her washing at certain times of day when her tariff is cheaper. i turn radiators off in rooms. i've shut doors. i sit with a rug around me at night in my lounge. you're just constantly cutting back on everything all the time and thinking, how can i save? how can i not turn this on? the energy regulator ofgem sets a price cap for the maximum suppliers can charge households for a unit of energy. in april, that's expected to be £3,280 a year, down £1,000 from where it is now. but it's irrelevant at the moment as the government's energy price guarantee means a typical consumer pays a maximum of £2,500 a year. that figure is planned to rise to £3,000 in april. but analysts, politicians and even energy firms are planning for the chancellor in wednesday's budget to freeze the guarantee where it is for ano

let's get more on this with our business correspondent, marc ashdown. mark, what you make of the announcement, the possible announcement? the possibility that ubs might be buying? fix, announcement? the possibility that ubs might be buying?— announcement? the possibility that ubs might be buying? a deal has been aareed u- ubs might be buying? a deal has been agreed up and — ubs might be buying? a deal has been agreed up and it _ ubs might be buying? a deal has been agreed up and it values _ ubs might be buying? a deal has been agreed up and it values credit - agreed up and it values credit suisse at 2 billion us dollars. it hasn't been confirmed yet, but it's starting to look out. the swiss government are hosted to host —— suspected it was a press conference at 6:30pm uk time. the country's two biggest banks, all because credit suisse has seen money and confidence pour away from it. it was triggered by the silicon valley issues kind of, but it identifies some material weaknesses in reporting as well. it's been a guessing game all weekend. a $1 billion of

our business correspondent marc ashdown is with me. high and needs to be brought down. it is the pace at which the prices we pay for goods and services is rising. this chart demonstrates the inflation target of 2%, price spikes, currently10.4%, having a big impact on our pockets, the cost of energy bills, petrol pumps, and shopping baskets, cheese, milk, sugar, all much more expensive compared to last year. so far this has been driven by globalfactors, after covid, supply chain issues, the war in ukraine. andrew bailey is worried about domestic inflation, if businesses put up prices to cover costs, it could stay high for much longer. costs, it could stay high for much loner. , ., , costs, it could stay high for much loner. , . , ., ., longer. interest rates will have to no longer. interest rates will have to i o u . longer. interest rates will have to go uo further _ longer. interest rates will have to go up further and _ longer. interest rates will have to go up further and higher- longer. interest rates will have to go up further and

i was talking a bit about this to marc ashdown earlier.nowhere safer to put your money and come in a sense, switzerland has a formidable reputation in the financial services sector. people alarmed by this sudden collector credit suisse? i alarmed by this sudden collector credit suisse?— alarmed by this sudden collector credit suisse? i think they i think the reason _ credit suisse? i think they i think the reason this _ credit suisse? i think they i think the reason this government - credit suisse? i think they i think the reason this government is i the reason this government is sitting behind me at the moment in emergency session is because there is huge alarm and an absolute determination to find some solution, a rescue, if you like, before markets open tomorrow because, you know, credit suisse's shares plunged. it has to do with lung problems for credit suisse but also global financial nervousness related to other things, to banks in america. now, switzerland has two big banks. credit sweets and ubs. they are globally systemic —— credi

are walking out over a long—running dispute over pay, job cuts and conditions. 0ur correspondent marc ashdownral london for us. what is happening? a patchy service across the uk _ what is happening? a patchy service across the uk today, _ what is happening? a patchy service across the uk today, it _ what is happening? a patchy service across the uk today, it has - what is happening? a patchy service across the uk today, it has to - what is happening? a patchy service across the uk today, it has to be - across the uk today, it has to be said. some trains are running, it is relatively busy, if you trains leaving here to go to places like milton keynes and manchester. but anything running today will be finishing pretty early this evening. you will not get a train after around six o'clock. some areas of the country have experienced fewer trains because of engineering works. and some areas will get no change whatsoever all day long. the strong advice if you are travelling anywhere in the united kingdom today is to check before you travel. this is to check before you travel. this is of course part

for the latest, let's speak to our business correspondent, marc ashdown. who are they?ech start—ups, small businesses that need cash flow as they are getting going. how did it collapse? banks in the us and the uk tend to hold lots of government debt, bottoms on their balance sheets and because of rising interest rates, the rising cost of borrowing, the value of the bonds has gone down significantly. —— bonds on the balanced sheets. big paper losses in theory until there is a reversal. the problem for sdb, it simply ran out of money. they didn't have enough money in the accounts, forced into a fire sale of these bonds at cheap prices. it tried to raise money from a share sale and depositors got spooked and wanted their money back and if that happens at the same time, it isn't enough to go round. the us regularly stepped in and effectively shut down the bank yesterday. the stepped in and effectively shut down the bank yesterday.— the bank yesterday. the question is what impact — the bank yesterday. the question is what impact will _ the bank yesterday. the question is wha

marc ashdown, bbc news.sall, just after 5am yesterday, but the man died on the way to the hospital. no arrests have been made. an update now on a story we discussed on yesterday's breakfast, and several buildings on a cliff edge in norfolk have been lost to the sea due to erosion. these pictures show the moment one of them fell into the water in hemsby, near great yarmouth. three wooden homes were also being demolished after they were left at risk of collapse, and some chickens had to be rescued. so what do you give to the king for a coronation gift? the royal canadian mounted police have come up with an idea. not entirely original. noble, a 7—year—old black mare, is currently settling into life at the royal mews in windsor. very generous. 6.10. shall we go to the weather? what is happening. taste the weather? what is happening. we no the weather? what is happening. we go to matt, good morning. good morning — go to matt, good morning. good morning. slightly different when he story the _ morning. slightly dif

here is our business correspondent, marc ashdown. how did it collapse? banks in the us and in the uk tend to hold lots of government that on their balance sheet and because of rising interest rates, this rising cost of borrowing, the value of those bonds has gone down quite significantly. that is fine. banks have strong balance sheets but in theory they're sitting on quite a big loss there until there is a reversal. the problem with sbb as it ran out of money. they did not have enough money. they did not have enough money in the account so it was forced into a bit of a fire sale, really, these bonds, very cheap prices. went to the market to try to raise money from a share sale. depositors got spooked and wanted their money back and if that happened at the same time there is not enough to go round, there are issues are us regulators stepped in and effectively shut the bank down yesterday. the question is how much is it going to spread?— is it going to spread? silicon valley does _ is it going to spread? silicon valley does have _ is i

our business correspondent marc ashdown is here. what's the latest situation?rime minister and the chancellor here, remember there are three and a half thousand start—up businesses affected and just to give you a flavour, firms affect take millions of people in the uk how business is critical to our economy and many are 100% banked with silicon valley bank and they say these measures need to include access to deposits, working capital, they need to remain solvent. the trouble with start—ups, with their cash flow, they do not have a lot of money and tend to run at a loss for many years and they could become the next tech darling set so people have to put money in and take a bit of a risk. it means they cannot access traditional banking so svb provided a specialist service. so they need help in the short term, to pay staff, suppliers. that is well a longer term solution is found. what longer term solution is found. what sort of solutions _ longer term solution is found. what sort of solutions might _ longer term solution is found. what sort of solutions might lig

our business correspondent, marc ashdown, reports.of businesses this pizzeria in prestwich is facing rising energy costs, a new contract signed last year saw it rise to 40p, subsidised by the government. when that support ends tomorrow they will be paying all of 70p per unit, five times more than last year. our contract runs out at the wrong time. we were searching around to find the best deal and at the time it was either close or take what was on offer at the time. we wanted to open a year ago but obviously with the prices through the roof we had to stop. so this kitchen and pub in stockport remains a work in progress. plans to serve food are on hold because of energy bills. it is sad that we have just had to postpone everything in order to get to the point of making it financially viable. since october businesses have been getting support with energy cuts. their bills have been capped, but that scheme has cost the taxpayer {18.4 billion, so from tomorrow a new scheme start, offering a discounted rate instead, estimated to costjust

marc ashdown, bbc news.nd yellow weather warnings remain place for many of us. the met office says we could be expecting more scenes like these. this was llanrwst in north wales yesterday. although as we were saying yesterday, lots of people saw no snow, absolutely no snow. these scenes... i mean... and this is divisive, do you like the snow? is itjust divisive, do you like the snow? is it just a divisive, do you like the snow? is itjust a pain for getting around? is it too cold? should we find out? are you pro— snow or anti— snow, matt? i are you pro- snow or anti- snow, matt? ., , ., are you pro- snow or anti- snow, matt? . , ., , ., are you pro- snow or anti- snow, matt? ., , ., , ., ., , matt? i am pro- snow until it goes slush . matt? i am pro- snow until it goes slushv- 0h. _ matt? i am pro- snow until it goes slushy. oh, yes... _ matt? i am pro- snow until it goes slushy. oh, yes... and _ matt? i am pro- snow until it goes slushy. oh, yes... and then - matt? i am pro- snow until it goes slushy. oh, ye

for more on this, i spoke earlier to business correspondent marc ashdown.hat is having an impact on our pockets, the cost of energy and fuel, and staples like cheese and milk have gone up, double digit rises for a lot of our shopping. until now this has been driven by globalfactors shopping. until now this has been driven by global factors a hangover from covid and issue with supply chains and the war in ukraine. the governor is worried that turns into domestic inflation and could stay high for much longer. it domestic inflation and could stay high for much longer.— domestic inflation and could stay high for much longer. it sounds like a bi ask, high for much longer. it sounds like a big ask, businesses _ high for much longer. it sounds like a big ask, businesses have - high for much longer. it sounds like a big ask, businesses have huge i a big ask, businesses have huge increases in prices in their costs and he is asking them to not pass that on. business reaction? first the reason _ that on. business reaction? first the reason he _ that on. business react