and japan meet for the first time in 12 years, seeking to set aside historic differences. the european central bank has hiked interest rates by half of 1%, despite the impact of rising rates on the banking sector. it comes as central banks and governments around the world are nervously watching whether the crisis surrounding credit suisse will develop into a global banking crisis. shares in credit suisse have stabilised after the swiss national bank offered it a funding lifeline. so how did we get here? credit suisse was already in trouble before its biggest investor saudi national bank announced on wednesday that it could offer no more financial support. that lead to its share price plummetting by 30%. late wednesday the swiss central bank said it would provide financial support to the tune of $54 billion us dollars. that has reassured the markets for now but concerns remain about contagion from the collapse of the two us banks last week. it is all quite complex, it is all q
declared a state of emergency. in cuba the hurricane knocked out the electricity grid leaving the entire country without power. now on bbc news. hardtalk. welcome to hardtalk. i m stephen sackur. vladimir putin did not intend to be in the place he s in right now. he didn t want his ukraine invasion to become a protracted war in which his army is losing ground. he didn t plan to forcibly mobilise military age men across russia, and he didn t want to see internal protests spread. but this is where he is seemingly in trouble. my guest is putin loyalist, russian mp and influential state media commentator evgeny popov. if putin is growing desperate, what does that mean for russia? evgeny popov in moscow, welcome to hardtalk. thank you, stephen, for giving me that floor. oh, it s a pleasure to have you on the show. if i may, i want to begin with words from the kremlin chief spokesman dmitry peskov, on september 13th, he stated quite clearly there were no plans for any kind of mob
popov. if putin is growing desperate, what does that mean for russia? evgeny popov in moscow, welcome to hardtalk. thank you, stephen, for giving me that floor. oh, it s a pleasure to have you on the show. if i may, i want to begin with words from the kremlin chief spokesman dmitry peskov, on september 13th, he stated quite clearly there were no plans for any kind of mobilisation in russia. here we are less than two weeks later with a major mobilisation. what happened 7 it s not major mobilisation. this is partially mobilisation. wejust mobilised er, 300,000 people from reserve. it s just 1% from our total reserve people. i don t know what is happening with peskov s statement, but i know that we are in war with all nato countries. with whole, sorry, nato alliance, with whole nato weapon, and we should respond on nato s threat. that s it. well. that s why my country is responding by mobilisation. you just called it a war. you know, you can get locked up for five years in russi
now on bbc news. welcome to hardtalk. he s in right now. he didn t want his ukraine invasion to become a protracted war in which his army is losing ground. he didn t plan to forcibly mobilise military age men across russia, and he didn t want to see internal but this is where he is seemingly in trouble. if putin is growing desperate, what does that mean for russia? thank you, stephen, for giving me that floor. oh, it s a pleasure to have you on the show. if i may, i want to begin with words from the kremlin chief spokesman dmitry peskov, on september 13th, he stated quite clearly there were no plans for any kind of mobilisation in russia. here we are, less than two weeks later, with a major mobilisation. what happened 7 it s not a major mobilisation. this is partially mobilisation. wejust mobilised, er, 300,000 people from reserve. it s just 1% from our total reserve people. i don t know what is happening with peskov s statement, but i know that we are in war with all nato