this is bbc news. welcome if you're watching here in the uk or around the globe. i'm lisa—marie misztak. 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. 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.

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 michelle fleury, has more. the problems of us bar would hopes the problems of us banks would stay in the us haven't panned out, shares in switzerland is second largest bank credit suisse dropped 20% to record lows, should point out credit suisse is a bank which has been in turmoilfor years as one wall st analyst ported a slow—moving car crash will stop to new things have happened speaking investors, it has material we in its financial reporting and its top back ruled out lending it any more money, all of this is

adding 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 meet its capital and liquidity requirements, and crucially this was central—bank was ready to lend money necessary. us us authorities are also monitoring the situation, european central bank has called banks on its watch to exposure to the swiss lender, the ecb the first central—bank to face the interest rate dilemma, will it hike by 50 basis points as planned and its ratesetting meeting later this thursday or has the renewed bank turmoil changed its calculation? earlier, i spoke to hal lambert, 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 are the 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 are loaning to each other, doing cross trades with each other, so there are other banks that will have exposure to credit suisse, but this 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 buy 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 it comes down to it is people need to trust their banks, because banks are inherently levered 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, wait a 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 it 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 had 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 defence 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. 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 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 confrontation 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. norman naimark is a professor of history and a senior fellow at the hoover institution. he joins us now from stanford, california. thank you for taking time to come on the programme. the americans say they don't want any escalations, the russians have denied downing the drone, where do you think this leaves the us — russia relations at present? the us - russia relations at present?— the us - russia relations at resent? ,, , , ., ., ., , present? us - russia relations as ou present? us - russia relations as you know— present? us - russia relations as you know are _ present? us - russia relations as you know are rock _ present? us - russia relations as you know are rock bottom l present? us - russia relations| as you know are rock bottom at present, and in case this will

not help and it will make them worse. i don't think that necessarily there will be any escalation that comes from this particular crisis.— particular crisis. what do you make of the _ particular crisis. what do you make of the drone _ particular crisis. what do you make of the drone incident i particular crisis. what do you l make of the drone incident and how significant is it?— how significant is it? well, it is within the _ how significant is it? well, it is within the realm _ how significant is it? well, it is within the realm of - how significant is it? well, it is within the realm of the - is within the realm of the total war in ukraine, it's not that significant, we have to remember that hundreds of thousands of people are dying, every day, and bakhmut, and there are very serious confrontations on the ground between two armies that are pounding each other. in that sense i think this is a relatively minor affair. at the same time, it's quite clear the russians are upset with our surveillance drones, we are providing intelligence to the ukrainians, we have said so, ukrainians, we have said so, ukrainians have more or less

said the same so i think it is a sign of irritation and it's a nasty piece of work that they did with the strain. [30 nasty piece of work that they did with the strain.— did with the strain. do you think this _ did with the strain. do you think this potentially - think this potentially misleading to a dangerous new phase? i misleading to a dangerous new hase? ., �* ~' ,., phase? i don't think so, i think both _ phase? i don't think so, i think both sides, - phase? i don't think so, i think both sides, both i phase? i don't think so, i - think both sides, both russia and united states are not at all anxious to confront each other directly, they don't want a military conflict, they have avoided a lot of potential confrontations that might lead to an escalation, so i think, i actually think this is a kind of blip on the road, not a happy one and is not a good one, but it is a relatively minor one.— minor one. what's your assessment _ minor one. what's your assessment on - minor one. what's your assessment on where l minor one. what's your l assessment on where the minor one. what's your - assessment on where the us and russian relations well potentially go on to? you mean from this point _

potentially go on to? you mean from this point forward? - potentially go on to? you mean from this point forward? i - from this point forward? i don't see any movement in the nearfuture at all. don't see any movement in the near future at all. the whole situation in ukraine is reached a kind of star sources, and situation in ukraine is reached a kind of starsources, and —— stasis, and relations between moscow and washington are as bad as they have been in a very long time and they continue to be unpleasant, and nasty, and that will continue for a very long time, as long as the war goes on because the united states and nato have pledged to stick with ukraine and vladimir putin on the other side has pledged to do in ukraine. i don't see these relations getting any better. thank you very much — getting any better. thank you very much for— getting any better. thank you very much for your _ getting any better. thank you very much for your insights. l the leaders of south korea and japan are holding their first summit in 12 years, as they seek to set aside historic animosities. the talks will likely focus on regional security, and north korea and comes hours after the north koreans launched an intercontinental ballistic missile, which landed outside japan's

territorial waters. i'm joined by shaimaa khalil our tokyo correspondent. this is the first leader—level summit between the two countries in more than a decade. what's expected to take place? we know the south korean leader has landed and we are expecting the two leaders the president and prime minister to hold talks later today, we are expecting them at the primus to's office and also a joint press conference later in the day, early evening. this could not come at a more crucial time for the region, just hours before his arrival north korea fired an intercontinental ballistic missile that landed outside japan's territorial waters, therefore this week and we are seeing this more frequently because of the military exercises in spring

military exercises in spring military exercises in spring military exercises between south korea and the united states. we have said it would respond quite assertively and it has, this is very likely going to be top of the agenda between the south korean president injapan�*s leader but they have a lot to talk about, as you say the first leader level summit for 12 years, north korea, security, china's expansion and military ambitions and trade. in 2019 relations had deteriorated, communication stopped because of the dispute about the forced labour payment during japan's colonial times in korea, but also because of japan's curbing of exports of high—tech material. last week we saw this huge development when south korea said it is going to make those payments, and then the announcement of the visit came shortly after, something the us

and japan hail. this is a significant development and a significant development and a significant sign the two countries are willing to put their differences aside, brought history aside and look at tense process and am certain future. 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 i 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 myth a press tone , used in medical abortions. the case is the latest challenge to abortion access since the us supreme court overturned roe vs wade last june. 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 regimen, 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 the 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 also citing a 19th—century law that says that 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. let's ta ke let's take a look at some of the other stories making use across the world. 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 for failing to appear in court over corruption charges. mr khan says the charges are politically motivated. floods have hit parts of south—east turkey already struggling to recover from turkey already struggling to recoverfrom february �*s recover from february �*s earthquake. the recoverfrom february �*s earthquake. the deluges have killed at least ten people, with a province receiving the third of its annual rainfall in just two days. an explosion at a coal mine in central colombia has killed at least 11 people. 0fficials has killed at least 11 people. officials say several others were trapped in the mine's tunnels. it is thought about 30 people were underground at the time of the blast. widespread public sector strikes have taken place in england over pay, pensions and working conditions. among those taking action by teachers, junior doctors, civil servants and local bbc staff. 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 out 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 are not seen or heard, who are not taken seriously, who have problems and are not being dealt with. the farmers 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?

0n 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.

since the taliban takeover in august 2021, playing and listening to music in public in afghanistan has been banned. the taliban say it is "un—islamic", and they locked the doors of the afghanistan national institute of music in kabul, forcing the students of the music school to flee the country. but now, this 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 afg hanistan�*s most prestigious music afghanistan's most prestigious music institute. after fleeing from the country. this is the start of the 2023 tour of europe. translation: i never imauined europe. translation: i never imagined that _ europe. translation: i never imagined that the _ europe. translation: i never imagined that the taliban - europe. translation: i never| imagined that the taliban could take over and ban music within a day. take over and ban music within a da . �* ,, �* take over and ban music within a day-_ when i take over and ban music within | a day._ when the a day. translation: when the taliban came, _ a day. translation: when the taliban came, i _ a day. translation: when the taliban came, i was _ a day. translation: when the taliban came, i was sad, - taliban came, i was sad, because _ taliban came, i was sad, because i_ taliban came, i was sad, because i wasn't able to continue studying. i was like a prisoner— continue studying. i was like a prisoner sitting home.- prisoner sitting home. back home, prisoner sitting home. back home. they _ prisoner sitting home. back home, they had _ prisoner sitting home. back home, they had freedom i 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: irate former students are far from defeated. translation: we won't let their actions _ defeated. translation: we won't let their actions go _ defeated. translation: we won't let their actions go unnoticed. - let their actions go unnoticed. we will play our music even louder. , , . ., , louder. these musicians flourished _ louder. these musicians flourished in _ louder. these musicians| flourished in afghanistan before the taliban cut short their career. they might have lost their stage, their music school and their musical instruments, but what's remaining as 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?— how do you feel, before going to the stage?- yeah? | to the stage? excited. yeah? which piece _ to the stage? excited. yeah? which piece do _ to the stage? excited. yeah? which piece do you _ to the stage? excited. yeah? which piece do you like - to the stage? excited. yeah? which piece do you like the i which piece do you like the most? the one that's about afghanistan?— most? the one that's about afuhanistan? , ., �*, afghanistan? yes. that's good. their first _ afghanistan? yes. that's good. their first concert _ afghanistan? yes. that's good. their first concert of _ afghanistan? yes. that's good. their first concert of the - their first concert of the tour, and it's a sell—out show. applause. music. translation: the taliban want ounu translation: the taliban want ouna uirls translation: the taliban want young girls and _ translation: the taliban want young girls and boys _ translation: the taliban want young girls and boys to - translation: the taliban want young girls and boys to be - translation: the taliban want young girls and boys to be just l young girls and boys to bejust like them, and educated, without progress, without a future. —— and educated. translation: future. -- and educated. translation:— future. -- and educated. translation: ~ ., translation: when the taliban are one, translation: when the taliban are gone. i _ translation: when the taliban are gone, i will— translation: when the taliban are gone, i will go _ translation: when the taliban are gone, i will go to _ are gone, i will go to afghanistan to teach music to girls— afghanistan to teach music to girls and _ afghanistan to teach music to girls and boys.

that is all for now. thank you for your company. 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 two 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, seven degrees, and about five 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.

this is bbc news. the headlines: 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. credit suisse has announced plans to borrow more than $50 billion from the swiss central bank to shore up its finances. shares in the bank hit rock bottom on wednesday, sparking a wider sell—off on european markets, which closed down more than 3%. a verdict is expected on thursday in the case against three police officers charged in connection with the deadly stampede at a football stadium in indonesia last year.

the officers allegedly fired tear gas into the crowds —