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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. 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 earlier. on friday, the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence, and that a 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 our regulator, with credit suisse and ubs. the federal council welcomes the takeover and is supporting it by guaran ....
in unexpected places in america as a cold weather front hits california and other southern states. more than 43 people, including a baby, have died after a boat carrying migrants sank in rough seas off the southern italian mainland according to the coastguard. dozens of bodies were found on a beach near a seaside resort in the calabria region, with others found in the waters nearby. we ve just received these pictures from the italian coastguard they were filmed in darkness, early on sunday morning and you can see the wreckage of the boat. one local official has suggested as many as 150 people had been onboard. rescuers are still searching for survivors, after the vessel reportedly broke apart near the coastal town of crotone. the coastguard says 80 people are known to have survived but a large search and rescue effort continues on land and at sea. the italian prime minister, giorgia meloni, has released a statement through her spokesperson. it says she express ....
is a sense of quiet confidence, but we are not there yet. and blizzard conditions in unexpected places in america as a cold weather front hits california and other southern states. more than 43 people, including a baby, have died after a boat carrying migrants sank in rough seas off the southern italian mainland according to the coastguard. dozens of bodies were found on a beach near a seaside resort in the calabria region, with others found in the waters nearby. rescuers are still searching for survivors, after the vessel which was thought to be carrying at least 120 people reportedly broke apart near the coastal town of crotone. the coastguard says 80 people are known to have survived but a a large search and rescue effort continues on on land and at sea. the italian prime minister, giorgia meloni, has released a statement through her spokesperson it says she expresses her deep sorrow for the many human lives cut short by human traffickers, and adds it is ....
good morning. a quiet weekend of weather ahead. a west east divide. the best of the sunshine out west. further east, a fresh cold winds driving and plenty of showers. all the details from the coming out shortly. all the details from me coming up. it s saturday, the 25th of february. our top story: a fifth man has been arrested in connection with the shooting of an off duty police officer in county tyrone. two gunmen fired several shots at detective chief inspectorjohn caldwell at a sports complex in omagh on wednesday. he remains in a critical but stable condition. a rally will be held in the town later today condemning the shooting. our ireland correspondent chris page reports. john chris page reports. caldwell s friends, neighbours and john caldwell s friends, neighbours and colleagues have paid tribute to his bravery and selflessness. eyewitnesses say that he shouted to children to run to safety, even has he was being attacked himself. this sports complex in the ....