live from london, this is bbc news. avoiding another banking crisis: us regulators race against the clock to find a buyerfor troubled first republic bank, whose shares plunged last week. more protests in france as unions call for further strike action against the government s pension reforms. and solving london s housing crisis: we ll tell you how one community is building its own solution by selling affordable housing to the locals. hello. i m mark lobel, here with your top business stories. let s start in the united states, where us regulators are racing to find a buyer for the troubled first republic bank. the federal deposit insurance corporation has reportedly asked six banks to bid for the lender, and wants a deal in place within the next 2a hours. shares in first republic plunged last week after it admitted customers had withdrawn $100 billion in deposits in march. at that time, its competitor silicon valley bank had collapsed, prompting fears of a wider banking crisis
hello, i m samantha simmonds. the man widely seen as the godfather of artificial intelligence has quit his job at google, warning of the dangers of ai. dr geoffrey hinton s pioneering research on deep learning and neural networks has paved the way for current ai systems like chatgpt. but in a lengthy interview with the new york times, dr hinton said he now regretted his work and is worried that al technology will flood the internet with misinformation. google responded in a statement saying, we remain committed to a responsible approach to ai. dr hinton has been telling the bbc how these systems can know so much. the kind of intelligence we re developing is very different from the intelligence we have. we are biological systems and these are digital systems and the big difference is, with digital systems, you have many copies of the same set of weights, the same model of the world, and all these copies can learn separately, but share their knowledge instantly. so it s a
putin s surprise visit to the russian occupied city of mariupol devastated in the early months of the war. like all ukrainians, like all mariupol residents, i feel today a war criminal vladimir putin visited the scene of a crime he committed for several months. it s been 20 years since the us led coalition began its war in iraq to topple the dictator saddam hussein we ll assess the history. # i ll take the world apart to find a place for a peaceful heart. and the return of a 60s pops icon we hear from yusuf cat stevens, about music, faith and performing at glastonbury. hello and welcome to the progamme. switzerland s biggest bank ubs has agreed to take over its troubled rival credit suisse. the rescue deal follows a weekend of emergency talks between the two banks, after credit suisse saw its value plummet over the past week. banking regulators hope the deal will restore confidence to the financial markets. credit suisse had been caught up in the market uncertainty tri
it s been 20 years since the us led coalition began its war in iraq to topple the dictator saddam hussein we ll assess the legacy. and valencia s streets come to life for a five day festival celebrating the spanish city s culture history and people. switzerland s biggest bank, ubs, has agreed to take over its troubled rival, credit swiss. the rescue deal follows a weekend of emergency talks between the two banks, after credit swiss saw its value plummet over the past week. banking regulators hope the deal will restore confidence to the financial markets. 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 speaking at a press conference. on friday, the liquidity outflows and market volatility showed it was no longer possible to restore the necessary confidence, and that the swift and stabilising solution was absolutely necessary. this solution is a takeov