let s now get down to business and the drama that let s now get down to business and the drama that has let s now get down to business and the drama that has been unfolding over the weekend in switzerland is dominating once again. they ve had fraught negotiations as the authorities, the central bank and leaders of two of its biggest banks tried to reach a deal to prevent another damaging financial crisis. late on sunday it was announced. the troubled bank credit suisse has been taken over by its rival ubs in a government backed rescue worth over $3.1 billion. that s less than half the value of credit suisse at the close of trade on friday. the deal s been widely welcomed, including by the bank of england, the european central bank and in the us. switzerland s central bank wanted to prioritise financial stability and protect the swiss economy. here s the chief executive of ubs. translation: it means we bring back stability translation: it means we bring back stability and
this is bbc news. the latest headlines: the most comprehensive study yet on the the impact of climate change is due to be released by un scientists after 8 years of research. vladimir putin prepares to welcome chinese president xijinping to moscow for talks one of his last remaining allies on the world stage following russia s invasion of ukraine. the french government will face a no confidence vote on monday after president macron used controversial executive powers to raise the state pension age from 62 to 64. the government says the changes are needed to avoid crippling deficits in the coming decades linked to france s ageing population. but opponents say the law places an unfair burden on low earners, women, and people doing physically wearing jobs. sofia bettiza reports. chanting. another day of anger in the streets of paris.
Transcripts for BBCNEWS World Business Report 20240604 06:00:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
chinese president xijinping to moscow for talks a show of support from one of his last remaining allies following russia s invasion of ukraine. could the ice in the alps be lost forever? we have a special report as un scientists prepare to publish the most comprehensive study on climate change in years. borisjohnson is set to submit evidence in his defence over whether he misled parliament over parties in downing street during covid. in sport, one incident, three red cards how fulham went from eleven players to nine and lost their manager in 40 crazy seconds during their fa cup defeat to manchester united. it is the spring equinox today so have we had last seen the back of winter? certainly to start the week it is mild out there but it is an umbrella weather for some. all the details right here on breakfast. it s monday 20th march.