hello and welcome to bbc world news. the government of switzerland says that the country s biggest bank, ubs, has taken over its troubled rival credit suisse in an emergency measure designed to protect the swiss economy. fears about the possible collapse of credit suisse sparked falls in stock markets around the world over recent days, and raised fears of another global financial crisis. the rescue deal follows a weekend of emergency talks between the two banks, after credit swiss saw its value plummet over the past week. the swiss national bank said the deal was the best way to restore the confidence of financial markets and to manage risks to the economy. our geneva correspondent imogen foulkes explains the significance of this merger on the global stage. it s early days. but i don t think it s going to be easy. ubs is the bigger of the two, but both of them are already huge. if you lookjust in switzerland, both of them have at least one branch, more in a big city like bern
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hello and welcome. the former chief executive of scottish national party peter murrell has been released without charge by the police, pending further investigation into party finances. mr murrell, the husband of former first minister nicola sturgeon, was arrested on wednesday morning. a police search resumed on thursday morning at the couple s glasgow home. our scotland correspondent james shaw has more details on the investigations that is being conducted at the glasgow house of peter murrell. as you can see, the scene behind me is a big police evidence tent obscuring the front of peter murrell and nicola sturgeon s house. inside the tent is a police van, and over the course of yesterday and it appears also this morning, police officers have been coming and going, bringing material out of the house and putting it into the van. so clearly, this is a live investigation at the moment. it is continuing, even though peter murrell himself was released by the police without charge
human smuggling into the country, one day after lawmakers held first site hearing at the actual border. fox news exclusively capturing this video of the group touring rio grand valley last night. you re watching fox and friends first, i m todd piro. ashley: i m ashley strohmier, in for carley shimkus. hoping to force administration to pay attention to what is upon haing. it is important we convene in texas to share light on brutal and unsustainable conditions this president s administration has caused at the border. my hope is for an honest conversation in america at the border tonight with each of you. the u.s.-mexico border is close to 2000 miles long, how many pounds of fentanyl are coming through the ports of entry? we need to secure the border. ashley: todd, who else better to lead this site tour than brandon judd. you can turn on fox news channel nearly any time of day and see brandon on there. he is fired up because what we re seeing at the border is a comp
bring down inflation or ease up on the fight to calm the banking sector. downplayed the federal reserve through all of this. we started out the sa santa clas by bringing zero interest rates which pushed people out of saved investments into venture capital. they became the arsenate dome arsenate during covid m no one would loan it to us the $5 trilf thin air and that caused inflation. but don t worry, they came in as the firefighters to put the fire out by dousing it with high interest rates. now, they are like the triage doctor to stabilize the patients, which are the banks. ashley: alexandria hoff with more from washington, alex. good morning, the federal reserve is in a tricky spot with rising consumer prices being revealed today. it has led to a rate hike but giving the turmoil the interest rates have caused the fight against inflation may have to be placed on hold. it was an attempt by silicon valley to lower interest rate risk which led to selling off securities we