hello, i m sally bundock. a very warm welcome to the programme. we start in sudan where a three day ceasefire between two rival military groups has come into effect to allow people to be evacuated, but there are concerns that it may not hold. hundreds of people have died since fighting started between the sudanese army and rsf paramilitary force. in recent days, more countries have attempted to evacuate their diplomats and citizens. this is a member of the dutch military handing out earplugs as they get ready to take off. and this was the scene as the spanish defence ministry helped diplomats and citizens on to their plane. live now to kalkidan yibetal who s in the ethiopian capital, addis ababa. who has the latest. as far as you are hearing at the moment, is the ceasefire holding? it looks that way. reports indicate that on monday khatoum had a relatively quiet date which helped the evacuation of many people. many foreign nationals by different countries. but, you know, if t
Subject because we are waiting to get the latest earnings news from the swiss banking giant ubs. it s expected to report a fall in income in the first quarter following its dramatic takeover of its arch rival credit suisse. last month, swiss regulators moved to ring fence credit suisse after a collapse in confidence in the banking sector saw investors withdraw billions of dollars in assets. the swiss national bank agreed to lend ubs up to 100 billion swiss francs to help secure the deal the combined banking group is now estimated to be twice the size of the swiss economy with invested assets of $5 trillion. i m joined by alpesh patel, chief executive of praefinium. good morning to you. so, ubs results, due out in the next ten minutes or so, what you think they will tell us? 1 would be a buyer before the results are out because there is so much negative news out there and low expectations that
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World, where ubs feels it hasn t got a big enough presence yet. executives. what do you think the outlook is for ubs, given its position, in size it is bigger than the swiss economy? it in size it is bigger than the swiss economy? in size it is bigger than the swiss economy? it is really the wealth management swiss economy? it is really the wealth management side - swiss economy? it is really the wealth management side that. swiss economy? it is really the | wealth management side that is important, the problem is they started job cuts last year to shore up their position, another have to try to retain people and wealth management, banking, asset management, it s a relationship business you don t want your staff looking up don t want your staff looking up at all because the money often goes with them, that is their major problem i think they will be able to manage. this is a company where stock prices have gone up hundred % from 2020, it is really the market signal of how much st