one weekend in march, and now we ll see two cultures colliding. there are likely to be manyjob losses, staff will be bracing for those. however, as you say, the boss of ubs has said, look, we have a lot of opportunities here as well, and of course it does mean that ubs is able to access key markets in wealth management that it would have taken years to do had it not taken over credit suisse. and of course the deal reached with the swiss government effectively for the government to back around $10 billion of losses that it could see when it sells of chunks of credit suisse s business, will have helped sweeten this deal. it is going to have a fight on its hand but arguably, credit suisse s footprint does mean that that is probably going to be easier to at leastjoin the fight now that it has all of these assets under management and of course, has already established partnerships around the world. so certainly that will be the ambition. it s a big ambition. i don t think necessar
between hawaii and mexico, the size of the nickel deposit is larger than the entire global terrestrial deposit. this is a polymetallic nodule, rich in copper, nickel and cobalt, and we want to make batteries out of them. some scientists say we will have to mine them, but others warn that mining these data are sized rocks will devastate marine life. i worry about basically pollution. you are stirring up sediment whenever you dredge to get this material, and it can be dispersed across the entire ocean, essentially, and that could be a threat to marine life. so there is a difficult decision. the planet s largest source of battery metals lies deep in the sea, where mining s impact will be profound. michelle fleury, bbc news, collingwood, canada. the pakistani prime minister, shehbaz sharif, says the first shipment of discounted russian oil has arrived in the country, calling it a new beginning
july by a un body that controls exploitation of the sea bed. so this machine has been designed to mine the ocean floor without, in theory, causing too much damage. the concept here is to try and find a greener alternative to dredging technology. the eyes of the cameras are at the front, that helps us see where we are going and helps us see what we want to pick up. the claw, which is what selectively picks up the nodules, and then once those nodules have been picked up, they are sitting on the vehicle and we offset the weight of the system with the buoyancy engine, that s what keeps us hovering over the sea bed. and the target deep down at the bottom of the ocean lie incredible reserves of the metal is needed for electronics and renewable energy. in the clarion clipperton zone between hawaii and mexico, the size of the nickel deposit is larger than the entire global terrestrial deposit. this is a polymetallic nodule,
Swiss offshore contracting giant Allseas has begun a controversial deep-sea mining test for Canadian firm The Metals Company, a startup in which Allse.