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you are in the cnn newsroom. i m paula reid in washington. jim acosta is off. a major move today in an attempt to halt a global banking crisis. switzerland s largest banking group ubs just agreed to buy its rival credit suisse in an emergency rescue bid. the purchase is aimed at halting investor panic brought on by two sudden u.s. bank failures this month. the deal comes after shares of the ailing bank lost 25% over the last week. even an emergency loan from the swiss national bank failed to stop the fallout. cnn reporter anna stewart will join us in just a moment, and cnn global economic analyst, rana foroohar joins us now. all right, rana, can you explain to us this deal? yeah, absolutely. so a little bit of con context. credit suisse has been a troubled bank for some time. so this, you know, this is a bank that over the last couple of years has had any number of crises. it s been considered weak in the marketplace. even late last year, it was having its own probl ....
. . . . you were in the cnn newsroom paula read in washington, jim acosta is off. we begin with the latest emergency act aimed at a time global banking crisis, switzerland ubs is buying the rival credit suisse after the bank lost 25% of value the past week as major depositors fled in droves. even as an emergency loan from the swiss national bank failed to shore up confidence. that bank says the take-over of ubs should, quote, secure financial stability and protect the swiss economy. joining us is cnn economics and political commentator catherine, first i want to go cnn anna stewart. put this in perspective, how big of an announcement is this. this was for the time one of the biggest banks in the world and definitely a major bank in europe. being in the midst of a huge set of restructure the last couple of years, it was already under pressure and you ve seen the pressures on the banking sector with silicon valley bank, you can say it was a weak link started to d ....
he always loved simply the best and all of his campaigns use simply just completed, but i don t think we ever this all right, guys. thank you very much for being with me this morning. thanks to all of you for joining us. i m kasie hunt, cnn new central starts right now a phone call, that could shape the future of the war in gaza. new reporting this morning on how president biden plans to vent his anger that israeli leaders cancer cases potentially skyrocketing the newer for just out finding these illnesses worldwide could jump 77% in the next 25 years. and breaking overnight, police in la are investigating one of the biggest heist in the city s history, more than 30 million as stolen. i m sure slider with pay baldwin and john berman. this is cnn new stuff this morning, a crucial phone call at a crucial moment in israel s war against hamas. and the us support for that war that could be on shakier ground than it was just a few days ago. this will be the first call ....
why have birth rates declined dramatically and how much does it matter? stephen shaw, welcome to hardtalk. thank you for having me. let s start with a basic fact. the world s population is still rising. at some point later this century, it s going to get to about 9.7 billion. and we can see the immense strain that our planet is already under in terms of resources, in terms of fragile ecosystems. and yet you seem to be saying that we as a species need to focus on having more babies. why? well, just to be clear, the reason the world s population is still growing has got nothing to do with births. births peaked in the planet around ten years ago, at around 143 million. today, that s down to around 135. we re already past peak birth as a planet. so, why is, confusingly, this total population increasing? it s because, thankfully, people are living out their lives. people are not dying the way they would have done before particularly in poorer, less developed parts of the w ....
but now, data scientists and demographers, like my guest today, stephen shaw, say we re actually facing a disastrous spiral of de population. why have birth rates declined dramatically and how much does it matter? stephen shaw, welcome to hardtalk. thank you for having me. let s start with a basic fact. the world s population is still rising. at some point later this century, it s going to get to about 9.7 billion. and we can see the immense strain that our planet is already under in terms of resources, in terms of fragile ecosystems. and yet you seem to be saying that we as a species need to focus on having more babies. why? well, just to be clear, the reason the world s population is still growing has got nothing to do with births. births peaked in the planet around ten years ago, at around 143 million. today, that s down to around 135. we re already past peak birth as a planet. so, why is, confusingly, this total population increasing? it s because, thankfully, peopl ....