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. credit suisse has seen its value plummet over the last week due to fears about the company s financial health. regulators in switzerland had spent the day trying to pave the way for a deal to be struck before the financial markets open tomorrow. here s the swiss president alain berset speaking at a press conference a short time ago. on friday, the liquidity showed that it was no longer possible to restore the necessary confidence, and the swift and stabilising solution was absolutely necessary. this solution is the takeover of credit suisse by ubs. it is supported by the federal council following several meetings with the swiss national bank, with a regulator, credit suisse and by ubs. the federal council has every confidence that in this difficult situation, the takeover of credit suisse ubs is to restore the confidence that
he s the education secretary, kit malthouse. four years before then he did more junior roles, having been deputy to borisjohnson, not as prime minister, but when he was mayor of london. kit malthouse is seen as a fixer. he becomes the fifth education secretary in a little over a year, a sign ofjust how unstable politics has been. kit malthouse, welcome to political thinking. thank you. i m flattered to be here. well, it s been a roller coaster ride this week, hasn t it? it has been a challenging week, as they say. i think that s the euphemism that politicians use. but hopefully things will settle, although i have to say it comes. i mean, i got elected in 2015 and it s been a pretty much a roller coaster ride since 2016. so leadership elections, general elections, referendums, pandemics, wars, it s been a, you know, a bit of a roller coaster. so i sort of feel a bit seasoned towards it. and to be honest with you, nick, ifind myself a bit surprised that people are surprised be
memorials have been held across indonesia for the deceased. the british prime minister has admitted her government s mini budget that sparked turmoil on the financial markets could have been handled better. liz truss has remained defiant as senior conservatives criticised the fiscal event. now on bbc news, political thinking with nick robinson. welcome to political thinking, a conversation with rather than an interrogation of someone who shapes our thinking about what has shaped theirs. well, you know what they say about a week in politics. what a long time this week has felt since that budget that was officially not a budget. we ve seen the pound go down. interest rates go up, mortgages being cancelled, and billions and billions and billions of pounds being spent by the bank of england in order to try and defend the pension system. my guest on political thinking this week is a new member of liz truss s new cabinet. he s the education secretary, kit malthouse. four years befo
after resisting for days, boris johnson and answers, he s stepping down as the u. k. prime minister, it is clearly now the will of the parliamentary, conservative party that there should be a new leader of that policy and apple in your private johnson says he will stick around until a new party leader is elected. but the opposition demands, he must leave immediately, needs to go. he can t clean old in this way. ah, you re watching out. is there a light from a headquarters in cell? hi, i m getting obligated also a heads. hundreds of prisoners are on the run in nigeria after i saw a talk to jail in the capital, a boucher human rights watch accuses the taliban of committing atrocities in eastern afghanistan, including summary executions. ah hello. after 3 days of political high drama, the u. k. prime minister boris johnson has announced he stepping down, the prime minister made a statement outside his official residence in downing street just hours ago. he said he was said to be