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
hello and welcome to bbc world news. 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. fears about the possible collapse of credit suisse sparked falls in stock markets around the world over recent days, and raised fears of another global financial crisis. the rescue deal follows a weekend of emergency talks between the two banks, after credit swiss saw its value plummet over the past week. the swiss national bank said the deal was the best way to restore the confidence of financial markets and to manage risks to the economy. our geneva correspondent imogen foulkes explains the significance of this merger on the global stage. it s early days. but i don t think it s going to be easy. ubs is the bigger of the two, but both of them are already huge. if you lookjust in switzerland, both of them have at least one branch, more in a big city like bern
that i have been sent. prince harry and meghan s team say they have been invited to the king s coronation, but won t confirm whether the royal couple will attend. this year s oscars feature a record number of nominees of asian heritage. we ve been speaking to one hopeful about their special recognition. i was just hoping that the movie gets finished and that people watch it and so the fact that we have come all the way this far has been so exciting. hello there. very warm welcome to the programme. we begin our coverage today with the story of a huge fire in bangladesh which has destroyed about 2,000 shelters at a rohingya refugee camp in the south east of the country. officials say the blaze has been brought under control but around 12,000 people have been left homeless at the camp in cox s bazar and have nowhere to go. 0ur correspondent anbarasan ethirajan reports. the bamboo shelters of rohingya refugees in cox s bazar district are no match for the raging blaze. residents r
are bullying and harassing people still allowed on the platform? i would like him to read some of the messages that i have been sent. prince harry and meghan s team say they have been invited to the king s coronation, but won t confirm whether the royal couple will attend. this year s oscars feature a record number of nominees of asian heritage. we ve been speaking to one hopeful about their special recognition. i was just hoping that the movie gets finished and that people watch it and so the fact that we have come all the way this far has been so exciting. hello there and welcome to the programme. we begin today s show in bangladesh, where a huge fire has destroyed about 2,000 shelters at a rohingya refugee camp in the south east of the country. officials say the blaze has been brought under control but around 12,000 people have been left homeless at the camp in cox s bazar and have nowhere to go. 0ur correspondent anbarasan ethirajan reports. the bamboo shelters of rohingy
people still allowed on the platform? i would like him to read some of the messages that i have been sent. prince harry and meghan s team say they have been invited to the king s coronation but won t confirm whether the royal couple will attend. this year s oscars feature a record number of nominees of asian heritage, we ve been speaking to one hopeful about their special recognition. i was just hoping that the movie gets finished and that people watch it and so the fact that we have come all the way this far has been so exciting. we begin today s programme in bangladesh, where a huge fire has destroyed about 2,000 shelters at a rohingya refugee camp in the south east of the country. officials say the blaze has been brought under control but around 12,000 people have been left homeless at the camp in cox s bazar and have nowhere to go. 0ur correspondent anbarasan ethirajan reports. the bamboo shelters of rohingya refugees in cox s bazar district are no match for the ragin