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by about twice the global average. it s already increased by 2 degrees celsius. 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 fellow swiss bank ubs after a deal brokered by the swiss government. 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 financial markets. these three goals are very, very important to u ....
Questions that still need to be answered about this.- questions that still need to be answered about this. very briefly, will there be answered about this. very briefly, will there be job answered about this. very briefly, will there be job losses answered about this. very briefly, will there be job losses as - answered about this. very briefly, will there be job losses as a - answered about this. very briefly, i will there be job losses as a result of ubs taking over credit suisse? presumably there will be some doubling up or replication ofjobs, backroom jobs or whatever, so will there be somejob backroom jobs or whatever, so will there be some job losses? backroom jobs or whatever, so will there be somejob losses? i think there be somejob losses? i think there are around 11,000 employees in there are around 11,000 employees in the uk. , ., , there are around 11,000 employees in the uk. ,,, , there are around 11,000 employees in theuk. , , , the uk. globally these employers h ....