i m going to be discussing that with these two there they are an eastern european economist who thinks selling the assets might mean less money for ukraine in the long run and estonia s foreign minister tells me taxpayers, they shouldn t have to foot the bill for the aggression of his next door neighbour, russia. plus, what about the damage inside ukraine? one of president zelensky s top economic advisers tells me about the struggle to keep financing the fighting and why getting millions of ukrainians back from abroad would be crucial for the country s future. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, russia s invasion of ukraine is now into its third year, costing tens of thousands of lives and billions of dollars. its huge impact has been felt in economies all around the world. it s had consequences for globaltrade, energy and food prices and, most of all, in ukraine itself. so, can the assets the
and they were much better than expected. the new boss of bp, murray auchin closs, has had a mountain to climb since he took over from bernard looney, who was forced out after a scandal over workplace relationships. bps share price has languished while rivals such as exxonmobil have soared, some investors are uneasy about its huge and costly investments in green technology. some analysts say it is a potential takeover target. cornelia meyer is ceo of meyer resources, an energy consultancy. she was a former senior executive at bp. always good to have you with us. talk to me about that new dilemma that the new bus finds himself in. he has a debate where the new investment will come. continue to put money into green investments that are costly and won t pay off straightaway, or go down the route of fossil fuels which investors like but is not deemed to be the root of the future. . ~ but is not deemed to be the root of the future. ., ~ , ., ., ., the future. thank you for having m
the financial times is reporting that the country s biggest bank, ubs, has offered to buy credit suisse for up to one billion dollars, although bloomberg reports that credit suisse sees that as vastly undervaluing the bank. the swiss banking giant had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. it had been offered an emergency credit facility of more than 50 billion dollars by switzerland s central bank but that had not prevented a sharp fall in its share price. more now on one of our main stories this hour a potential takeover of the struggling credit suisse bank by another swiss based bank, ubs. let s get the latest now from our correspondent in switzerland imogen foulkes. what is the latest on these stories to try and shore up we hearing a lot of things but i can tell you the crisis talks taking just on the road from me in berne financial authority of the banks, people are being very tight lip
to $1 billion, although bloomberg reports that credit suisse sees that as vastly undervaluing the bank. the swiss banking giant had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. it had been offered an emergency credit facility of more than $50 billion by switzerland s central bank, but that had not prevented a sharp fall in its share price. our business correspondent marc ashdownjoins me now. an urgency around these talks in switzerland to try and facilitate this takeover by ubs. this takeover by ubs. yes, the shares were this takeover by ubs. yes, the shares were sliding this takeover by ubs. yes, the shares were sliding all- this takeover by ubs. yes, the shares were sliding all last - this takeover by ubs. yes, the i shares were sliding all last week and there was a period of a pause for a couple of days when markets have been shut till tomorrow morning, so this has given them time to sort this out