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the temperature up here in the alps is rising by about twice the global average. it s already increased by 2 degrees celsius. and 20 years since the us led coalition invaded iraq to topple dictator saddam hussein, we look at the legacy. hello and welcome to bbc news. the world s financial markets have reacted with unease following last night s emergency takeover of the troubled swiss bank credit suisse. shares in credit suisse fell by more than 60% this morning after european markets opened and the value of banking shares across europe have dropped sharply. credit suisse was bought by rival swiss bank ubs in a deal brokered by the swiss government over the weekend. here s the chief executive of ubs explaining the rationale behind the deal. translation: it means we bring back stability and security for credit suisse clients, but also that we keep the reputation of the swiss financial centre high. and finally it means we are stemming the turmoil in the international fin ....
of thousands of asylum seekers, but few can be as strangely located as this wedged as it is between a retirement village and a golf course. to provide beds for more than 51,000 asylum seekers and rising the home office has booked out hotels in seaside resorts and cities, in villages and the countryside, at airports and on golf courses anywhere they can find willing hotel owners. there are 395 hotels in all 363 in england and 20 in northern ireland but far fewer in the other two nations ten in scotland and only two in wales. the leicestershire village of kegworth is one of the latest places to have the local hotel s business model changed overnight to housing asylum seekers. yew tree lodge was the local wedding venue, swimming pool and gym as well as bringing in business from the nearby east midlands airport. but that all changed last month. fredricka reynolds used to do all the flowers for the weddings, but in an instant, that key part of her business was snat ....
there were sharp losses in early trading, although banking stocks have since rebounded slightly. ubs is currently up 3.5% let s take a look now at how the markets are performing more broadly. trading began in the us an hour ago. we can see the dow is up, the snp 500 also on 5.2%. in asia and in europe, there was some initial fright taken by investors, particularly because certain bondholders in credit suisse have lost all the value of their investment, but by the middle of the trading day most european indices were trading positively again. now, one aspect of the deal was that any investor holding additional tieri bonds, or ati bonds, in credit suisse will get nothing. that s more than 15 billion euros written off. it spooked the whole ati bond market which is worth more than 200 billion euros. let s discuss this in more details with dan kemp, global chief investment officer at morningstar investment management. why is the burning of these bondholders so controversial ....
it s revealed that almost 400 hotels across the uk are now being used to house asylum seekers at a cost of £6 million a day. and why something fishy has been going on after the body of a rare shark was discovered on a beach in hampshire. and coming up on the bbc news channel. facing a length ban aleksandar mitrovic s moment of madness means he could be out for a significant part of fulham s season. good afternoon and welcome to the bbc news at one. for the increasingly isolated russian leader vladimir putin, it is a hugely significant moment the chinese leader xijinping has travelled to moscow to meet him. president xi says today s state visit will give new momentum for relations between the two superpowers. mr xi will be the first foreign leader to shake vladimir putin s hand since an international arrest warrant was issued for the russian president on war crimes charges. 0ur russia editor, steve rosenberg, reports from moscow. when xi jinping arrived you coul ....
fredricka reynolds used to do all the flowers for the weddings, but in an instant, that key part of her business was snatched away. they rang me on the thursday before the asylum seekers came on the monday, and cancelled all my weddings for the foreseeable. that s a huge amount of work and income to me. and she told me it s notjust the loss of thousands of pounds. me and my boys used to go swimming every saturday there. i ve got two little ones and every time we drive past there, they want to go swimming and, unfortunately, that s closed now. because of the small boats crossing the channel, the number of asylum seekers in hotels has gone from 3,000 to 51,000 in just three years. it s the government policy that almost no one is in favour of not even the government and it s costing the taxpayer £6 million a day. daniel sandford, bbc news, kegworth. more than 100 metropolitan police officers, who are being investigated for domestic abuse or sexual misconduct, are bein ....