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 guaranteeing
british gas is to increase electricity prices by 12.5% from september. the move which will affect more than three customers has led to calls for a cap on energy costs. now on bbc news all the latest business news live from singapore. apple reports sweet earnings due to better than expect that sales of iphones and ipods. and it splits in two to form a new currency bitcoin. we start with apple, which has reported a juicy set of earnings. its shares are rising to record highs. it is best known for its iphones and computers, and they have reported a 7% rise in revenue to just over m5 have reported a 7% rise in revenue tojust over m5 billion. have reported a 7% rise in revenue to just over m5 billion. profits from apple watch, apple tv and other productsjumped from apple watch, apple tv and other products jumped more than 20% compared to last year. but revenue from china fell for the fifth straight quarter. we go to our north america technology reporter. he talked us thro
Patrick vieira on friday and they still haven t won in 2023. as for arsenal it was a welcome response to having lost to sporting in europe. it is life and it happens. it is not every game that you are going to score and not every game where you are going to play well and it happens. 0f are going to play well and it happens. of course i was sad, i spent the whole night thinking about that penalty but it is over. we cannot come back and today we had a great game and i scored, and we got the three points, the most important thing. the three points, the most important thin. , , ., thing. the energy we put right from the beginning thing. the energy we put right from the beginning in thing. the energy we put right from the beginning in the thing. the energy we put right from the beginning in the game, - thing. the energy we put right from the beginning in the game, it - thing. the energy we put right from the beginning in the game, it was l the beginning in the game, it was the beginni