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
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. 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. here s the swiss president, alain berset, speaking at a press conference a short time ago. on conference a short time a-o. on conference a short time am. friday, on conference a short time a-o. friday, the liquidity s it on friday, the liquidity showed that it was on friday, the liquidity showed that it was no on friday, the liquidity showed that it was no longer possible to restore the necessary confidence, and the swift the necessary confidence, and the swift and the necessary confidence, an
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. 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 earlier. on friday, the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence, and that a 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 our regulator, with credit suisse and ubs. the federal council welcomes the takeover and is supporting it by guaranteeing
of bakhmut, the east ukrainian city which has been the focus of extensive fighting in recent weeks. the former uk prime minister boris johnson will give evidence to a parliamentary committee later this month, who are looking into whether he lied to parliament. it relates to the parties which he participated in during the covid lockdown, and the statements which he subsequently made to parliament about them. it comes as conservative mps express anger that the partygate investigator, sue gray, has been offered a job with the opposition labour party, as sir keir starmer s chief of staff. a short while ago, we heard from mrjohnson. when i knew they could probably be contradicted by dozens and dozens of officials. but why on earth would i have done that? it simply doesn t make sense. i believed that what we were doing was within the rules. that s why i said what i said in the chamber. it was my honest belief at the time and that s why i thank the committee, but i don t think the
a british parliamentary probe into partygate finds evidence that breaches of covid rules would have been obvious to boris johnson. the us announce another new military aid package for ukraine worth 400 million dollars. it comes as president biden meets the german chancellor scholz for talks in washington. meanwhile, on the ground in ukraine the head of russia s wagner group says its forces now surround most of bakhmut the east ukrainian city which has been the focus of extensive fighting in recent weeks. it s the murder case that s gripped the us and drawn attention across the world. alex murdaugh, a prominent south carolina lawyer, has been given two life terms in prison for killing his wife and son on their hunting estate. in court today, prior to the sentence being announced, the sa year again denied murdering his son paul and his wife maggie. i m innocent. iwould never i m innocent. i would never hurt my wife maggie and i would never hurt my son paul paul. wife ma