this is bbc news. our top stories: credit suisse plans to borrow more than $50 billion to shore up its finances after shares hit rock bottom on wednesday. the race is on to recover the wreckage of an american surveillance drone that crashed into the baltic sea. three people charged over an indonesian football stadium disaster await their fate. a political shake—up in the netherlands — the farmer—citizen movement could win provincial elections. and we meet the afghan orchestra trying to keep traditional music alive after the taliban takeover.

welcome to our viewers on pbs in america and around the globe. the swiss central bank has agreed to provide a loan of more than $50 billion to the troubled banking giant, credit suisse, if needed. shares in the bank have plunged 24%, sparking a wider sell—off in european stocks, which closed down more than 3%. it comes days after the failure of silicon valley bank in the us. our correspondent, michelle fleury, has more. hopes that the problems of us banks would stay in the us have not panned out. shares in switzerland second—largest bank credit suisse dropped to record lows. we should point out that credit suisse is a bank that has been terminal for years. credit suisse is a bank that has been terminalfor years. as one analyst put it it has been a slow moving car crash. two new things have happened to

spook investors. the bank said there was material weakness in its financial reporting and its top supporter ruled out lending it any more money. all this adds to concerns about the global banking system. in an attempt to stabilise the troubled lender, the swiss central bank and swiss banking regulator said that credit suisse met its capital and liquidity requirements and, crucially, that the swiss central bank was ready to lend it money if necessary. us authorities say they are also monitoring the situation. meanwhile the european central bank has quizzed banks on its wash about their exposure to these swiss lender. the ecb is these swiss lender. the ecb is the first central bank to face the first central bank to face the interest rate dilemma. what do i mean? will it hike by 50 basis points at as planned or has the renewed bank turmoil changed its calculations? earlier i spoke to hal lambert, founder and ceo of point bridge capital and a former director at credit suisse. he told me there were

significant concerns about the future of the bank. the bank has been poorly run for a very long time and when you have poorly run banks and a credit situation like we're having now globally, those other banks that tend to run into problems. there is a big that with credit suisse they potentially defaulted, that could have ramifications for other banks because they are all interconnected, they loaning to each other, doing cross trades with each other, so there are other banks that will have exposure to credit suisse, but the loan evidently from the swiss national bank, they will use those funds to buy back some of their debt is what i've read. perhaps they will try shore up the debt that was trading at very big discounts because people, there is a probability right now in the market, a 45—50% chance of default by credit suisse so they will step into try to some of their own bonds.

i don't think it will end with this. there will have to be more done. you mentioned the need to be more done and the connectedness of banks. we saw the collapse of us banks last week, the svb bank and signature bank last week. is there a domino effect happening? there is, because what comes down to it is people need to trust their banks, because banks are inherently leathered so they're taking in deposits and lending them out to companies and individuals, so there has to be trust there. if people start pulling their money out, the deposits, the bank does not have all those assets in house. they've loaned the funds out and you get what's called a classic bank run, what happened to silicon valley bank in california and signature bank in new york. it does spread. people look at their banks more closely and go, waita minute, can i trust this bank has the capital it needs? the governments are coming out to try to assure people but they don't believe their governments! the logical thing to do is pull funds out if there is risk

of potentially losing those funds. after the financial chaos of 2008, the regulators announcing tougher restrictions on banks. are post—financial crisis measures not working? they clearly haven't. silicon valley bank you hear is a special case. they had a lot of deposits, 90% plus of the deposits that were too big, too high for the fdic insurance so they were subject to being lost if the bank went into failure. as soon as there was any whiff the bank might have a problem, people pulled their money out. you had that happen. the other problem is there was poorly run. silicon valley bank was buying long—dated treasuries, long—dated mortgage—backed securities that are aaa rated but you can still lose money on them and they did because they were

buying long—dated ones when interest rates were 1.5% and now interest rates on the short end are 5%. so they lost over 20% in value of those securities and that was very large losses. silicon valley bank lost about $200 billion of loans, credit suisse is about three times that size in lending. about 580 billion in assets, what they call assets which are loans. it is a big problem. america's defense secretary says he's had a rare phone call with his russian counterpart — in the aftermath of a collision between a russian fighter jet and a us drone. the race is now on to recover the wreckage of the unmanned aircraft. it's thought to be 1200 metres deep in the black sea. russia has also said it will try to find the wreckage. meanwhile, america's top general said the whole incident was a result of russia's increasingly aggressive behaviour in the area. us defense secretary lloyd austin gave this update earlier. as i have said repeatedly, it's important that great powers be models of transparency and communication.

and the united states will continue to fly and to operate wherever international law allows. and it is incumbent upon russia to operate its military aircraft in a safe and professional manner. 0ur diplomatic correspondent, james landale has this report from kyiv. this is the kind of unmanned aircraft that crashed. an mq—9 reaper patrolling the skies over the black sea. gathering information over the war below flown remotely by pilots thousands of miles away. this is the type of russian warplane the us claims struck their drone — an su—27 fighterjet, two of which encountered the aircraft near crimea early yesterday. us commanders said the russian planes flew in front of the drones several times and dumped fuel over it.

after which, the drone�*s propeller was struck, spinning it out of control. but russia denies causing the crash, saying the drone was approaching russian territory when it lost control to due to what a spokesman referred to as sharp manoeuvres. translation: | want to - underline, russian fighterjets did not use their onboard weapons, did not come into contact with the unmanned aerial vehicle and returned safely to base. ukraine's foreign minister played down the risk of an escalating cofrontation between two of the world's nuclear superpowers. as long as russia controls crimea, this kind of incident will be inevitable, and the black sea will not be a safe place. so, the only way to prevent such incidents is actually to kick russia out of crimea. do you fear escalation? no, i think it'sjust routine incidents.

it's happening from time to time. a us spokesman said steps are being taken to protect the wreckage of the drone but accepted it might be too deep underwater to recover. russian officials expressed confidence they could discover what was left. james landale, bbc news, kyiv. paul scharre is the vice president and director of studies at the centre for a new american security. he is the author of a new book "four battlegrounds: power in the age of artificial intelligence." hejoins us now from dallas, texas. thank you for taking time to come on the programme. as we just heard in that report we had the us defence secretary saying he met with his counterpart and the ukraine foreign minister downplaying escalation. but foreign minister downplaying escalation-— escalation. but what is your assessment _ escalation. but what is your assessment on _ escalation. but what is your assessment on where - escalation. but what is your assessment on where the i escalation. but what is your. assessment on where the us escalation. but what is your - assessment on where the us and russia are now in terms of escalation happening? it is not a aood escalation happening? it is not a good situation _ escalation happening? it is not

a good situation that _ escalation happening? it is not a good situation that we - escalation happening? it is not a good situation that we had i a good situation that we had the russian military downing and american military aircraft. both sides have everything incentive not to escalate this further neither the russian nor the united states military will want a conflict. it is troubling. we had the us military and russian military operating enclosed proximity, this is much closer than we would like them to be where there was a collision in midair and even though it is a drone with no—one aboard it is still us military aircraft and such is a troubling instrument that make incident. in is a troubling instrument that make incident.— is a troubling instrument that make incident. in terms of the war on ukraine _ make incident. in terms of the war on ukraine in _ make incident. in terms of the war on ukraine in considering l war on ukraine in considering your new book on artificial intelligence, how significant is the use of drones? we see the us is _ is the use of drones? we see the us is doing _ is the use of drones? we see the us is doing quite - is the use of drones? we see the us is doing quite a - is the use of drones? we see the us is doing quite a bit. is the use of drones? we see the us is doing quite a bit to| the us is doing quite a bit to support ukraine in terms of intelligence that they provide and we also see ukraine and russia use drones on the ground. it is notjust military drones like the mq-9 ground. it is notjust military drones like the mq—9 reaper drones like the mq—9 reaper drone that was down over the black sea, it is also commercially available drones like quad copter is that anyone

can get access to and ukrainian civilians are using in partnership with the us military to find russian forces and attacked them with artillery strikes.- and attacked them with artillery strikes. writer in the united _ artillery strikes. writer in the united states - artillery strikes. writer in the united states have i artillery strikes. writer in l the united states have said they are trying to recover any remnants of this throne. should the us be worried of writer is able to get any of the drone material?— able to get any of the drone material? , , ., ., ., . material? this is not advanced technology- — material? this is not advanced technology. these _ material? this is not advanced technology. these drones - material? this is not advanced | technology. these drones were new 20 years ago and they are not new anymore and the drones that are being used in ukraine come from countries like turkey and around, drone technology has widely proliferated so there is not a lot of sensitive technology on board the drone. it is also thousands of feet deep underwater, likely smashed into many pieces so russia may be able to get some wreckage that they can hold on tv as a publicity stunt but it is unlikely they will get anything of value out of this. in unlikely they will get anything of value out of this.— of value out of this. in your assessment _ of value out of this. in your assessment what _ of value out of this. in your assessment what are - of value out of this. in your assessment what are the i of value out of this. in your- assessment what are the likely next steps for russia and the

us going forward?— next steps for russia and the us going forward? russia may ve well us going forward? russia may very well do — us going forward? russia may very well do this _ us going forward? russia may very well do this again - us going forward? russia may very well do this again and - very well do this again and look for other ways to harass us drones operating in the area because they are collecting intelligence and the us providing that to ukraine. russia is looking for a way to lash out to make the us suffer cost for all of its support ukraine. 0ne cost for all of its support ukraine. one thing the us can do is to transfer drones to ukraine and give ukraine mq-9 reaper drones that ukraine could then use on the battlefield against russian forces and that would be a smart move for the united states in response.- smart move for the united states in response. thank you for our states in response. thank you for your insights. _ in indonesia, verdicts will be handed down on thursday for three police officers charged with negligence over a deadly stampede in a football stadium last year. indonesia's human rights commission has said police officers firing tear gas into the crowds was the main cause of the fatal stampede at malang's kanjuruhan stadium, in which 135 people were killed. 0ur correspondent valdya

baraputri told us more. early in the morning indonesians were shocked by the deaths of dozens of people at a stadium in malang city, called kanjuruhan stadium. that night there was a match between two football club rivals and looking at the history of the unruliness of the supporters of both football clubs, the match that night was only allowed to be attended by the home supporters, which was the arema football club. arema that night lost the match and then not long after the game ended, supporters went onto the pitch to express their disappointment while players were still there. the fans�* actions were met by force by the police, and witnesses said that the police punched and kicked the supporters and the supporters fought back. the tension escalated.

after that the police fired tear gas not only on the supporters at the pitch but also at the people on the stands. this caused people to run and scramble to find the exit gates, only to find that they were locked and this caused the deadly stampede. in the end, 135 people were killed at the stadium and at the hospitals, and more than 600 people were injured. and this is one of the deadliest stadium tragedies in the world's football history. german football fans clashed with italian police on wednesday evening after eintracht frankfurt supporters arrived in the italian city of naples despite being banned from attending a champions league match against napoli. a police car was set on fire and smoke bombs and flares were thrown at officers, who responded with tear gas. local media said eintracht fans were also attacked by some napoli fans. the match was played without incident inside the ground with napoli winning 3—0 to progress to the quarterfinals.

stay with us on bbc news. still to come: the afghan orchestra trying to keep traditional music alive after the taliban takeover. today, we have closed the book on apartheid and that chapter. more than 3,000 subway passengers were affected. nausea, bleeding, headaches and a dimming of vision — all of this caused by an apparently organised attack. the trophy itself - was on the pedestal in the middle - of the cabinet here. now, this was - an international trophy, and we understand now that the search for it. has become — an international search.

above all, this was a triumph for the christian democrats of the west, offering reunification as quickly as possible, and that's what the voters wanted. this is bbc world news. the latest headlines: credit suisse plans to borrow more than $50 billion to shore up its finances after shares hit rock bottom on wednesday. the race is on to recover the wreckage of an american surveillance drone downed over the black sea. a federal case in texas could threaten access to a widely used abortion pill across the united states. a conservative christian legal advocacy group wants to revoke the approval of the drug mifepristone

used in medical abortions. the case is the latest challenge to abortion access since the us supreme court overturned roe v wade lastjune. earlier, i asked our news reporter azadeh moshiri about what's at stake in the case. if you are a woman who believes in the right to a safe and legal abortion and was devastated, as millions were, when roe v wade was overturned last year, this court case is going to concern you, especially because it is a federal case, so it is going to have implications across the country. and so some women are angry — that is why there was a small group of protesters outside the courthouse who had banners that said things like, "not your uterus, not your decision." there was one protester dressed up in a kangaroo costume mocking the judge because they felt that this shouldn't have even taken place. that is because this drug is used so widely across the country, it's one of a two—pill regiment but it's sometimes used on its own and you can even access it at home.

it is so common that it is used in more than half of pregnancy terminations in the united states. but there are some that believe in this lawsuit. there was one protester who was praying on the steps of the courthouse. and the group that's brought this forward — the alliance for hippocratic medicine — is arguing that this drug is allegedly unsafe for the women who take it and should never have been sold in first place. so, why does this particular group think this drug should not have been approved? they are citing several reasons. they are arguing that the drug was fast—tracked by the fda originally, when it was approved, but that it was using a clause meant for life—threatening diseases and, therefore, allegedly should not have been used in the first place. they are also arguing that that means that this drug did not have to deal with as much testing as it would have had to deal with otherwise. they are citing a 19th—century law that

says the abortion pills should not be posted or mailed across the country. but the biden administration, the department ofjustice's lawyers sparred with the group's lawyers in the courtroom and they are arguing that this drug has been used for more than 20 years and that there is not the data to back up these safety concerns. early exit polls from elections to 12 provincial parliaments in the netherlands suggest an astounding victory for the recently formed farmer—citizen movement. formed in 2019 in the wake of widespread farmers protests, the party is projected to win the most seats ahead of prime minister mark rutte's liberal conservative people's party for freedom and democracy. 0ur correspondent in the hague, anna holligan, was watching the exit poll results come in. a political victory reflecting a rural unrest. all the predictions indicated the farmer's party would perform well, but these exit polls suggest it has surpassed even the party's own greatest expectation. translation: what is happening?

what is happening here? _ we knew we were going to win, but this is indescribable. caroline van der plas has galvanised farming communities fraught with uncertainty over government plans to buy up thousands of dairy farms in an effort to reduce harmful nitrogen pollution by half to meet 2030 climate targets, but the exit polls show her blend of folksy conservative nationalism has resonated beyond the farming industry, among voters nationwide increasingly disillusioned with the governing coalition. translation: the netherlands has clearly shown that - it is fed up with the cabinet's policies. as i already said, this is notjust about nitrogen, this is about the citizens who were not seen or heard, who were not taken seriously, who have problems and are not being dealt with.

the farmer's party says the nitrogen issue has been exaggerated and that the proposed solutions will lead to farm closures and food production shortages. farmers and their supporters consider this to be as a fundamental part of the dutch landscape. translation: you can see among farmers _ that there is a sense of powerlessness — we don't know what to do. we feel restless and feel that something is being imposed on us. decisions are made based on desk studies. but what is really going on? how can we influence it? on the other side of the spectrum, last weekend riot police used water cannon to remove people calling for the state to invest more in renewable energy and end government subsidies for fossil fuel industries. turnout was the highest in 30 years. voters' confidence has been shaken by recent enquiries into gas extraction in groningen and a childcare

allowance scandal, which found politicians in the hague systematically neglected the vulnerable people they were elected to serve. these exit polls underline the current polarisation, particularly over the government plans to tackle the climate crisis, and prime minister mark rutte will be aware of the power of the farmers party vote in the senate, which could force him to seek support from other parties to push through any policies. anna holligan, bbc news in the hague. a court in pakistan has ordered police to suspend an operation to arrest the opposition leader, imran khan, until thursday morning. it followed pitched battles between security forces and supporters of mr khan outside his residence in lahore. the confrontation began on tuesday when police tried to arrest the former prime minister forfailing to appear in court over corruption charges. since the taliban takeover in august 2021, playing and listening to music in public in afghanistan has been banned.

but now, a determined group of young musicians are back on the international stage, fighting to keep afghan music alive. shekiba habib reports. these are the students of afghanistan's most prestigious music institute after fleeing from their country. this is the start of their 2023 tour of europe. translation: i never imagined the taliban could take over - and ban music within a day. tanslation: when the taliban came, l i was sad because i wasn't able to continue studying. i was like prisoner sitting home. back home, they had freedom to perform in public and status as professionals. but when the taliban returned, everything regressed. after breaking all their instruments, the taliban locked the doors

to their music school. years of dedication and passion were destroyed in seconds. but the school's former students are far from defeated. translation: we won't let their actions go unnoticed. i we will play our music even louder. these musicians flourished in afghanistan before the taliban cut short their career. the might have lost their stage, their music school and their musical instruments, but what's remaining is their art and their resilience. now living as refugees in portugal, the students have revived their orchestra and their mission. how do you feel before going to the stage? excited. which piece do you like the most? she replies the one that's about afghanistan? yes, that's good.

their first concert of the tour, and it's a sell—out show. applause music plays translation: the taliban | wanted young girls and boys to bejust like them, uneducated and without progress, without a future. translation: when the taliban are gone, - i'll go to afghanistan to teach music to girls and boys. shekiba habib, bbc news, paris. that is all for now. you can reach me on twitter.

hello. it's quite mild out there and that's how it's going to stay over the next few days. but with that comes a lot of cloud and occasional outbreaks of rain. and that's what we've got in the headline for thursday. so here's the satellite picture and you can see this thick cloud streaming in from a southwesterly direction. you can see the weather fronts here, a broad area of rain—bearing cloud and that mild current of air all the way from the azores, wrapping around, the low pressure, and we've got those weather fronts pushing through. so the forecast through the early hours shows that heavier rain across more northern parts of the country. rain, dribs and drabs elsewhere and very mild in the morning, about 10 in the south and also in northern ireland.

still a little on the chilly side in northern scotland, around 2 degrees, where, earlier on, we had some snow across the highlands. so the forecast for thursday shows that heavier rain making its journey further north. there will be some rain also around other western parts of the country, but also, sunny spells developing in northern ireland, but also heavy showers, possibly some thunderstorms too. one or two glimmers of brightness possible also in east anglia and the southeast. mild, up to 15 degrees in some spots, but still chilly in stornoway, 7 degrees, and about 5 degrees in the northern isles. now, that low pressure is still with us on friday. in fact, multiple areas of low pressure and weather fronts sweeping across the country. it won't be raining all the time. in fact, on friday, from the morning onwards, you can see that rain is quite showery out towards the west. also, a spell of showery rain for the extreme southeast and also east anglia. there will be some sunny spells, so certainly not raining all the time. temperatures every bit as mild, if not milder, 15 or even 16 degrees celsius.

still, that colder air sitting in the north and the northwest of scotland, around 8 degrees or so. into the weekend, a very undulating pattern in ourjet stream. and when we see these big ridges in the jet stream, that means that milder air is still streaming in from the southern climes. and you can see that mild air engulfing many parts of western europe, even reaching central parts of europe as well. so the outlook into next week shows those temperatures into double figures, in fact, hovering around 1a, 15 degrees. but with that, a lot of cloud, outbreaks of rain, but sunny spells from time to time too. bye— bye.

in this is bbc news, the headlines: the us is desperate to find the drone that came down credit suisse has announced plans to borrow more than $50 billion from the swiss central bank to shore up finances. shares in the bank hit rock bottom on wednesday, sparking a wider sell—off on european markets, which closed down more than 3%. the us is desperate to find the drone that came down in the black sea during an encounter with russian fighterjets on tuesday. us general mark milley says recovery won't be easy because the drone is submerged underwater, but the russians are determined to find it. a verdict is expected on thursday in the case

against three police officers charged in connection with the deadly stampede at a football stadium