the financial times is reporting that the swiss bank ubs has offered to buy its rival, credit suisse, for more than $2 billion. the swiss government is due to hold a press conference in about half an hour s time in bern. credit suisse had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. it had been offered an emergency credit facility of more than $50 billion by switzerland s central bank, but that had not prevented a sharp fall in its share price. 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 bee
devastated in the early months of the war. # i ll take the world apart to find a place for a peaceful heart. and we hear from yusuf cat stevens about music, faith and performing at glastonbury. it s 7am in singapore, and midnight in switzerland where the government has reached an emergency deal with the country s biggest bank, ubs, to take over its troubled rival credit suisse. the annoucement comes just before global financal markets open on monday, in an attempt to settle nerves in the global financial sector. credit suisse has seen its value plummet over the last week due to fears about the company s financial health. credit suisse had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. here s the swiss president alain berset speaking at a press conference earlier. on friday the liquidity and volatility showed it was no longer possible to restore the necessary confident and that the swift and stabilising solu
president biden and donald trump continue on the campaign trail, in the push to win crucial votes. more than 100 world leaders are gathering for the annual un climate change summit cop27 in egypt. and it s begun with dire warnings about the state of the planet. extreme temperatures, wildfires, drought and flooding have all been made worse by the last eight years being the hottest on record, according to the world meterological organization. our climate editor, justin rowlatt, has the latest from the conference in sharm el sheikh. cyclones ripped through madagascar earlier this year. floods displaced more thani million people in nigeria last month, while another year of low rainfall pushed parts of somalia and elsewhere in east africa even closer to famine. our planet is sending a distress signal, the un conference in egypt was warned. the last eight years have been the warmest on record, making every heatwave more intense and life threatening, especially for vulnerable po
into lake victoria in tanzania during stormy weather. and with the us midterm elections just days away, president biden and donald trump continue on the campaign trail, in the push to win crucial votes. hello and welcome to the programme. ukraine s president says russia is readying its forces for a large scale attack on his country s infrastructure. volodymyr zelensky said he believed moscow would focus on ukraine s energy sector first. the southern ukrainian city of mariupol has been left in ruins after being subjected to fierce russian bombardment early in the invasion. the city was besieged by russian forces and ukrainian officials now estimate at least 25 thousand people were killed there. our correspondent hilary andersson has been speaking to survivors from the city for bbc panorama. they give vivid and distressing testimony. and a warning that hilary s report contains references to suicide, and you may find some of it distressing. artem has seen what no child shoul
distress signal through action and credible climate action. at least 19 people have died after a passenger plane crashes into lake victoria in tanzania during stormy weather. and with the us midterm elections just days away, president biden and donald trump continue on the campaign trail, in the push to win crucial votes. hello and welcome to the programme. ukraine s president says russia is readying its forces for a large scale attack on this country s infrastructure. in his latest video address, volodymyr zelensky said he believed moscow would focus on ukraine s energy sector first. estimates suggest about 40% of ukraine s energy system has been damaged or destroyed in russian attacks targeting vital infrastructure. translation: during the week, i had several special meetings i as of this evening stabilisation black codes continued in kyiv and six regions. more than 4.5 consumers are without electricity. most of them are in kyiv and the kyiv region. it s really difficult. d