tv BBC News BBC News March 19, 2023 1:00pm-1:31pm GMT
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this is bbc news — welcome if you're watching here in the uk or around the globe. i'm ben boulos. our top stories... switzerland's biggest bank, ubs, is in advanced talks to buy all or part of its troubled rival credit suisse. president vladimir putin visits mariupol — the ukrainian city which was captured by invading russian forces last year. borisjohnson will publish evidence in his defence ahead of a grilling by mps over whether he misled parliament about covid rule—breaking parties. serbia's president has declined to sign an eu proposal to normalise relations with kosovo.
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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
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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—lipped. of the banks, people are being very tight-lipped-_ tight-lipped. what we know is that there has got _ tight-lipped. what we know is that there has got to _ tight-lipped. what we know is that there has got to be _ tight-lipped. what we know is that there has got to be some - tight-lipped. what we know is that there has got to be some credible | there has got to be some credible solution for credit suisse before markets open sync marrow because we saw so clearly last week just how little confidence there is in the health of the bank despite even this $50 billion loan that the swiss national bank offered that is it steadied the share price review is only then they started to fall again. so i think we are looking at again. so i think we are looking at a very significant decision about credit suisse, one of switzerland's oldest banks, an icon, really, in the swiss financial sector that could really lead to it not being
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around in a few hours' time. it is a fascinating — around in a few hours' time. it is a fascinating development. - around in a few hours' time. it is a fascinating development. i - around in a few hours' time. it is a fascinating development. i mean, | around in a few hours' time. it is al fascinating development. i mean, i was under the impression that ever since the global financial crisis of 2008, banks everywhere were being stress tested to avoid this very scenario. was switzerland involved in making sure that the banks headquartered there were robust and able to understand, it would the stresses that we are now seeing? you are absolutely — stresses that we are now seeing? 7m, are absolutely right stresses that we are now seeing? 7m. are absolutely right there. it stresses that we are now seeing? 7m, are absolutely right there. it is 15 years since the swiss government and the swiss taxpayer had to bail out ubs for $50 billion because of its over exposure to sub—prime mortgages. now, at that time everybody said never again. we are supposed to be the world leader in responsibility, careful managing of money, reliability. we need that image back. you cannot have banks
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which go under when the entire swiss economy, to a certain extent, depends on these two, big, big banks. any damage to them has huge repercussions around the world because of their global reach but here we are. credit suisse is on the brink are certainly a few days ago was on the brink of failing despite the fact that it is included in these very strict too big to fail laws. it has to have enough capital, theoretically, to prevent it failing. as the full horror, if you like, of credit suisse's real situation emerge this week, people here began to realise this law, too big to fail, has in itself failed. this is why we have crisis meetings at the swiss government level today. image and, for the moment, thank you very much. imaging folks there in bern.
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==imogen foulkes there in bern. joining me next is global leadership expert chris roebuck, a former head of leadership at ubs. if ever there was a test of leadership, this is it, isn't it? that is an underestimate! it is a test of leadership for the government, swiss regulator, and for ups and for switzerland as a country. we have got here to some degree of the first of where we were in the financial crisis where ubs was hit badly and credit suisse wasn't and the reason we're here now is fundamentally that because ubs was hit badly and bailed out and learn the lessons and what's interesting is that since the financial crisis it is clear that from scandals and the things credit suisse did not learn those lessons —— and other things. the fundamental one isjust that —— and other things. the fundamental one is just that making money at any costis one is just that making money at any cost is a recipe for disaster and your risk management must be right in leadership is about integrity as
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much as profitability. i just in leadership is about integrity as much as profitability.— much as profitability. i 'ust want to touch on this h much as profitability. ijust want to touch on this reported - much as profitability. ijust want to touch on this reported figure| to touch on this reported figure that ubs has apparently offered to buy credit suisse for 1 billion that ubs has apparently offered to buy credit suisse fori billion us dollars, we're being told, but aim to sing a reuters update saying that credit suisse has declined to comment on that financial times story the size of the us, ebs offer. if it were 1 billion story the size of the us, ebs offer. if it were! billion ubs story the size of the us, ebs offer. if it were 1 billion ubs mac us dollars —— us dollars, is a credible figure are not? i dollars -- us dollars, is a credible figure are not?— dollars -- us dollars, is a credible figure are not? i cannot comment on whether1 billion _ figure are not? i cannot comment on whether1 billion is _ figure are not? i cannot comment on whether1 billion is credible - whether1 billion is credible because we are not completely sure what elements of credit suisse the us might be taking over, whether it is the whole lot, whether it is potentially then going be element subsequently sold off but from the perspective of a goal now might global banki billion is pretty much petty cash and so therefore what is happening is the ubs side are saying look, the culture at credit suisse is not good, the leadership clearly
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hasn't been that good and what is the impact going to be on us? if we take on what other people perceive to be a toxic problem. the take on what other people perceive to be a toxic problem.— to be a toxic problem. the other roblem to be a toxic problem. the other problem i _ to be a toxic problem. the other problem i want _ to be a toxic problem. the other problem i want to _ to be a toxic problem. the other problem i want to touch - to be a toxic problem. the other problem i want to touch on - to be a toxic problem. the other problem i want to touch on with | to be a toxic problem. the other. problem i want to touch on with you is the impact potentially on credit suisse on jobs and credits suisse had a globals staff of over 15,000. eb are similarly a huge organisation —— over50,000, ubs a eb are similarly a huge organisation —— over 50,000, ubs a similarly huge organisation. what effect will it have globally?— have globally? they will be an im act have globally? they will be an impact on _ have globally? they will be an impact on has _ have globally? they will be an impact on has to _ have globally? they will be an impact on has to be _ have globally? they will be an impact on has to be an - have globally? they will be an impact on has to be an impact have globally? they will be an - impact on has to be an impact both in terms of global and local in switzerland. both locally and switzerland. both locally and switzerland both of them have retail bank, branches on the high street isn't the same as i of bank mergers anywhere at the local level you will not have two branches of the same bank on the same high street so there will be casualties there. both have significant wealth management in terms of also rich people in the world. some of those can be
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transferred but they are not going to need all of those people. both have an investment bank and again you will have duplication. the vlc is that there is duplication and the chances are that clearly from ubs�*s position they are not going to want to get rid of that own people when they can get rid of somebody else's people when they know how good their own people are and that their own people stick to the rules. so it is a massive, massive issue around leadership, and change, notjust a financial one. leadership, and change, not 'ust a financial onefi financial one. good to get your anal sis. financial one. good to get your analysis. full— financial one. good to get your analysis. full stop _ financial one. good to get your analysis. full stop for - financial one. good to get your analysis. full stop for the - financial one. good to get yourj analysis. full stop for the head financial one. good to get your. analysis. full stop for the head of leadership at ubs. the russian president, vladimir putin, has visited the ukrainian city of mariupol. it's the first time he's ventured inside territory seized by russian forces since last years invasion.
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his visit, under cover of darkness, has been fiercely criticised by the exiled council of the southern port city, which has seen some of the fiercest battles of the war. 0ur diplomatic correspondent, james landale, reports from the capital, kyiv. vladimir putin arrived in mariupol by helicopter, at least according to pictures broadcast by russian state television. then he drove himself to the city on what is thought to be his first known visit to parts of ukraine seized by russian forces after last year's invasion. in the dark streets, amid tight security, he met what were described as local residents, who happened to be standing by. they seemed happy to see him. "we need to start getting to know each other better," he said. "we pray for you," one woman said, "finally you are here. we have waited for you so long." mr putin was invited inside to see one of their homes, seemingly a new apartment. the aim, it would appear,
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to show a city being rebuilt after last year's devastation. for this is what mariupol looked like last year after three months of russian bombardment, during which ukrainian fighters held out at the azovstal steel plant. for this is what mariupol looked like last year after three months of russian bombardment, during which ukrainian fighters held out at the azovstal steel plant. their long defence a symbol of ukrainian resilience. it was here, too, where russian forces bombed a maternity hospital — an early alleged war crime — along with a theatre where hundreds of civilians were sheltering and died. the mayor of mariupol tells me how he felt seeing mr putin in his city. translation: he is a criminal. he has come in _ translation: he is a criminal. he has come in person _ translation: he is a criminal. he has come in person to _ translation: he is a criminal. he has come in person to see - translation: he is a criminal. he has come in person to see what - translation: he is a criminal. he has come in person to see what he| has come in person to see what he has come in person to see what he has done because criminals always return to the scene of the crime. he has come to see what he will be punished for. mr putin also visited a theatre
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that had been rebuilt, one that the russian authorities had planned to use for show trials for some azovstal defenders. under bright streetlights, he was shown round a playground, only days after he was accused by the international criminal court of illegally deporting thousands of children from occupied parts of ukraine to russia. james landale, bbc news, kyiv. live now to our diplomatic correspondentjames landale in kyiv. i suppose if president putin wanted to visit somewhere that represented any sort of military success for russia in this war, mariupol was really one of his very few if not only options. really one of his very few if not only option— really one of his very few if not only options. yes, i think that's the oint only options. yes, i think that's the point of— only options. yes, i think that's the point of this. _ only options. yes, i think that's the point of this. i _ only options. yes, i think that's the point of this. i think- only options. yes, i think that's the point of this. i think that i the point of this. i think that there are other places were in occupied ukraine where he could have visited but malleable, you know, was
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a long, slow victory for russia last year but it was a victory. it was a place where ukrainian defenders held out for three months. there was a long siege, huge humanitarian crisis in the city after all that bombardment but eventually did falter russian hands and i think thatjust falter russian hands and i think that just so soon after the allegations made against mr putin by the international criminal court that he was a war criminal, the kremlin said that this visit was spontaneous and clearly though designed i think to show a degree of normality, perhaps a degree of defiance, i was to show the world, to show people in russia that at least from his point of view there is an element of normality in parts of occupied ukraine. that, at least, is what mr putin was trying to show. if you look at other sources of information from the city, they show pictures of widespread devastation and ruin. a lot of rubbish. you see
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pictures of people queueing for food. there's reports of shortages of electricity. that is just one side of the story being portrayed. clearly it will be seen as a response to those claims by the international court. this response to those claims by the international court.— international court. this visit to mariu ol international court. this visit to mariupol comes _ international court. this visit to mariupol comes just _ international court. this visit to mariupol comes just a - international court. this visit to mariupol comesjust a day - international court. this visit to mariupol comesjust a day afterj mariupol comes just a day after president putin was in crimea. 0wen, the visuals of all this will be incredibly painful, won't they, not just for political leaders in kyiv but for ukrainians and so —— as a whole because of the message it tries to send that these are now parts of russia because that piglets are finished, i think some ukrainians may find them painful. == ukrainians may find them painful. » welcome to be honest, i think some you can use may find them painful and others will experience them is mr putin attempting to distribute a bit of propaganda. remember all these images are entirely controlled, delivered via russian state television so a very
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particular perspective is being given here and as you saw in the report i've just given here and as you saw in the report i'vejust given given here and as you saw in the report i've just given i spoke to the mayor of mariupol, still the mayor, might not be malleable but still the mayor and he is incredibly defiant and saying, look, many ukrainians see vladimir putin as a walk criminal and they see this visit is a criminal returning to the scene of the crime, place where he said that mr putin knows he is going to be punished so he wants to go back to the place where he committed some of those crimes because if you remember this is the place where a maternity hospital was struck by russian forces. this is a place where a very large theatre where hundreds of civilians were sheltering including many children that was flattened by russian air strikes and to this day we still do not know quite how many people died underneath that flattened building. ok, underneath that flattened building. 0k, james, think they much. james landale there, our diplomatic correspondent live in ukrainian p.
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——in ukrainian capital kyiv. gavin has all the sport. history could be made in the fa cup later as grimsby town aim to become the first ever fourth—tier side to reach the semi—finals, but a huge task stands in their way. they travel to premier league high—fliers brighton. kick—off is around an hour away. grimsby knocked southampton out in the previous round. joe wilson is on the south coast for us. well, there is the grandstand which will be filled by grimsby town supporters this afternoon and when you think of the sense of adhesion that they're going to bring its almost like they've succeeded already before kick—off. it means so much to them and i think that's so important to the fa cup because through their eyes, the whole significance of the thing is renewed. in terms of what will happen out on the pitch, well, grimsby�*s manager has admitted being a little scared watching recent videos of brighton. i hope grimsby will be brave in defence may be hope for a little dumb a couple of penalties which works in the last round. we consider the progress of
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the club in the stadium in the fa cup that is something tangible is permanent to represent that. realistically, grimsby�*s chances might be in the realms ofjuergen klopp's1% might be in the realms ofjuergen klopp's 1% from last week at real madrid but i won't say that too loudly near any grimsby fans because there are lots of inflatable haddix flying around. there are lots of inflatable haddix flying around-— there are lots of inflatable haddix fl in: around. _., ., , �* flying around. hopefully joe doesn't aet hit flying around. hopefully joe doesn't let hit b flying around. hopefully joe doesn't get hit by one _ flying around. hopefully joe doesn't get hit by one of— flying around. hopefully joe doesn't get hit by one of them! _ flying around. hopefully joe doesn't get hit by one of them! -- - get hit by one of them! —— inflatable haddocks. there's one match already underway and it's into the second half as we'll see a championship club reach the semi—finals for the first time in eight years. and sheffield united xxx against blackburn rovers. later, manchester united take on fulham. arsenal could go eight points clear at the top of the premier league — they take on crystal palace who sacked the former arsenal midfielder patrick vieira as manager this week. mikel arteta's side were knocked out of the europa league on thursday, having gone to extra—time and penalties against sporting lisbon and that's come at a cost — defender william saliba
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is injured and missing. rob holding has taken his place in the heart of defence. in tennis, there's a repeat of the australian open final at indian wells later, as elena rybakina will play aryna sabalenka. and carlos alcaraz has the chance to become the men's world number one but daniil medvedev stands in the way. if medvedev beats alcaraz, he will become the first man since britain's andy murray in 2016 to win four titles in five weeks. it is just great sometimes when you beat some records of world number one win the slang that you know when you are 70 you can still say i remember the year when i made for finals in a row. that's great but in the moment it doesn't matter for me. in the moment, the most important is to try to win this tournament and to win these matches. and the saudi arabia grand prix is later on today. lewis hamilton says he's at a "bit of a loss" with this year's mercedes car, after only qualifiying eighth fastest, four places behind his team—mate george russell. hamilton said, "i just don't feel
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connected to this car." meanwhile, max verstappen admits a win will be "tricky" after his red bull broke down in qualifying, meaning he'll start from 15th this evening. his team mate sergio perez took the top spot and aston martin's fernando alonso will start on the front row, thanks to a penalty demoting ferrari's charles leclerc to twelfth. russell was promoted to third on the grid. the financial times is reporting that the country's biggest bank, ubs, has offered to buy credit suisse for up to $1 billion. credit suisse had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america's silicon valley bank. emergency talks are continuing in switzerland in an attempt
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to rescue credit suisse before the opening of financial markets on monday. the concerns jobs could be lost, thousands in london branches of those banks. just thousands in london branches of those banks-— thousands in london branches of those banks. , , , ., those banks. just the past hour we have had reports _ those banks. just the past hour we have had reports that _ those banks. just the past hour we have had reports that ubs - those banks. just the past hour we have had reports that ubs the - those banks. just the past hour we have had reports that ubs the big| have had reports that ubs the big bank banking voltaire has tabled an offer for credit suisse of around $1 billion, or up to. the closing stock price of credit suisse on friday values at something like 8 billion so that is pretty cheap and we heard that credit suisse may well be pushing back and that as well. i suspect there could be negotiations. we heard that credit suisse may well be pushing back on that as well. i suspect there could be negotiations. we're also hearing that the swiss government which fast—track this through. 0rdinarily, something like this, a merger of two benches will require 4—6 weeks of consultation with shareholders and they won't get a vote on it and it will be up and think we're being told that potentially we could get an announcement by 6pm swiss time, 5pm uk time which kind of shows you the urgency here. credit suisse's troubles have turned into the banking world's troubles really. stock prices across the world slid last week so i think what they find to do is give some of these shipments is really before markets open tomorrow morning. potentially
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chan . in: open tomorrow morning. potentially changing the — open tomorrow morning. potentially changing the law _ open tomorrow morning. potentially changing the law to _ open tomorrow morning. potentially changing the law to get _ open tomorrow morning. potentially changing the law to get this - open tomorrow morning. potentially changing the law to get this done i open tomorrow morning. potentially changing the law to get this done asj changing the law to get this done as soon as possible a takeover that would normally take weeks and months, all of this points to a real urgency to try and get it done before markets opened for the training session.— before markets opened for the training session. yes, what we talk about is potentially _ training session. yes, what we talk about is potentially restructuring . about is potentially restructuring credit suisse at the moment who have about 90 banks around switzerland and also have an investment banking arm and bang for the very rich customers lots of assets there so there are lots of bits they've also got to sort out and there could be somejob got to sort out and there could be some job losses got to sort out and there could be somejob losses him as got to sort out and there could be some job losses him as well. as ever in these things, such credit suisse employs about 50,000 people around the world but between ubs and credit suisse here in the uk and london's banking sector they employ about 10,000 so i suppose when you merge two banks potentially there's some duplication there. the questions potentially then for jobs but the bank of england and the finance minister chancellor and monitoring things very, very closely, as are regulators here, and i do think that they cope, she said, is swiss action
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now could head off another tricky week in the stock markets —— swift action now. week in the stock markets -- swift action nova— action now. how'd we get to this oint action now. how'd we get to this point where _ action now. how'd we get to this point where huge _ action now. how'd we get to this point where huge global- action now. how'd we get to this point where huge global bank. action now. how'd we get to this . point where huge global bank based in switzerland is now the latest one to get into trouble in a chain that started with two quite niche banks in the silicon valley bank and signature bank and theirfailures? how'd we get this? we go into son how important credit suisse is. there were about 30 banks around the world which are considered too big to fail, to impart to the structure of the financial system. credit suisse is one of them and leave is another one, credit suisse been around 170 as there are concerns about issues on this. this all started last weekend talking about silicon valley bank and then we had first republic bank and two slightly different issues. i think bad timing as part of it. there have been issues with credit suisse for years and years but of course with the banking world it is all about confidence and all about feeling and
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when the fierce sets in when he starts to follow and evaporates investors will start to take their money out and that causes issues. i will caveat that when you talk to analyst brady fell like they are not in the throes of another 2008 banking crisis. back then, every banking crisis. back then, every bank was imposed to —— exposed to bad mortgage debt and this is very specific issues tied to these banks but the basic movement here in the emergency situation trying to get this deal done by this evening just shows how important it is. thihk this deal done by this evening 'ust shows how important it is. think she that follow that, _ shows how important it is. think she that follow that, marc _ shows how important it is. think she that follow that, marc ashdown, - shows how important it is. think she that follow that, marc ashdown, a i that follow that, marc ashdown, a business correspondent. —— thank you very much all of that. serbia's president, has declined to sign an eu proposal to normalise relations with kosovo. aleksandar vucic claimed his decision was based on kosovo not being an internationally and legally recognized state. earlier the european union's top diplomatjosep borell announced an agreement between the two nations towards normalising relations.despite this belgrade has refused to recognise kosovo's independence, since it was declared 15 years ago.
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i'm joined now by our balkans correspondent guy delauney who is in ljubljana. it seemed like the eu had drawn up a deal. it it seemed like the eu had drawn up a deal. ~' , it seemed like the eu had drawn up a deal. ~ , ., deal. it looked like they were about to ut ink deal. it looked like they were about to put ink on _ deal. it looked like they were about to put ink on that _ deal. it looked like they were about to put ink on that deal _ deal. it looked like they were about to put ink on that deal and - deal. it looked like they were about to put ink on that deal and sign - deal. it looked like they were about to put ink on that deal and sign it i to put ink on that deal and sign it off. what went wrong?— to put ink on that deal and sign it off. what went wrong? there is a icture of off. what went wrong? there is a picture of me _ off. what went wrong? there is a picture of me on _ off. what went wrong? there is a picture of me on social _ off. what went wrong? there is a picture of me on social media - picture of me on social media yesterday holding up a ten year mobil saying i'm betting there is going to be no deal between serbia and kosovo after these talks chaired by the european union and when presidentjosep borrell said there is a deal i thought bang goes the tenor but of course the devil is in the detail. straight after this meeting and josep borrell�*s statement aleksandar vucic was saying there is in a deal and we have agreed on some things but there is still a lot more to do. and if i minster of kosovo was then we've got de facto recognition. if you have such wildly differing points of view here and the president of serbia saying there is no deal in the finest of kosovo saying we have got de facto recognition how can you possibly have any sort of agreement? there clearly isn't one and what's disappointing is we didn't really
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get enough detailfrom disappointing is we didn't really get enough detail from the eu foreign policy chief years at the last night, didn't answer questions and he has really told us precisely what is going to be agreed, beyond a couple of outlines that european union... clearly a lot of details to be filled in. union. .. clearly a lot of details to be filled in— union... clearly a lot of details to be filled in. �* ., ., be filled in. and when we hear that serbia's president, _ be filled in. and when we hear that serbia's president, aleksandar - serbia's president, aleksandar vucic, is refusing to sign the eu proposal, has he said what changes he would need to see like to see before he is prepared to normalise relations? he before he is prepared to normalise relations? , ., , ., relations? he says he has got red lines on those _ relations? he says he has got red lines on those red _ relations? he says he has got red lines on those red line _ relations? he says he has got red lines on those red line as - relations? he says he has got red| lines on those red line as follows. serbia will not recognise kosovo's unilateral declaration of independence from serbia and serbia will not accept kosovo's application to join the united will not accept kosovo's application tojoin the united nations will not accept kosovo's application to join the united nations and will do whatever it takes to prevent it from joining the united nations. that's what he's saying and he's not saying there is a sort of compromise or change in that. as far as he's concerned, that's serbia position. so it doesn't sound particularly hopeful on that front. when that
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guy, think very much. guide alani, our balkans correspond theirjoining us from ljubljana. you can read more on the back another story on the website. and also the bbc news app. more analysis of the situation for you there. so the sour. the financial times is reporting that the country's biggest bank, ubs, has offered to buy credit suisse for up to $1 billion. credit suisse had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america's silicon valley bank. that's a price tag that the bank has refused to confirm and the bloomberg news has reported that they are pushing back against this figure as the closing stock price for the bank on friday was 8 billion dollars. the swiss government could change the law to fast track this deal and it could be announced by 6pm swiss time this evening
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before asian markets open. you can reach me on twitter — i'm @benmboulos. hello there. for many of us, it has been a fine start to mothering sunday, some blue skies and sunshine. this was the scene earlier on in hampshire, but a scene replicated across many parts of the uk in the sunshine, we will start to see the cloud thickening a little bit, though, towards western areas of the uk and you can see that on the satellite image from this morning. this is a weather front and a weather system bringing some outbreaks of rain as well, but ahead of that many of us, dry with sunny spells. we'll keep the sunny spells for many, one or two showers perhaps possible in central and south—eastern areas as we go into the afternoon. the rain, though, moving its way into northern ireland by the afternoon, pushing into western areas of scotland, maximum temperatures down a little bit on yesterday,
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but 11—14 or 15 degrees, but that will still feel quite pleasant in those sunny spells. but the rain will continue to spread north and eastward through this evening. it could be quite heavy for a time, actually, across north wales, north—western parts of england. cloud for many of us tonight and it means it is going to be relatively mild going into monday morning. temperatures to start off in the morning 7—11 there in belfast, but a wet start to the day in northern ireland. that rain will spread north and eastward, pushing into scotland into the afternoon, rain across northern parts of england will gradually ease, further showery rain spreading into the south—west. for most, though, it is going to be dry. again, some sunny spells, and temperatures up a little bit and it could reach 16 celsius across eastern areas of england. into tuesday, we are between weather systems, one will move into the north—east fairly early on in the morning and another weather system pushing in from the west as we go into wednesday. so, yes, some rain around northern and eastern areas on tuesday morning.
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it will clear away, though, sunny spells then developing, but also some heavy showers and we could even see the odd rumble of thunder into the afternoon in central and eastern areas. temperatures up a little bit, though, maybe 15, 16 celsius for many. by the end of the week, we are continuing to see low pressure situated to the west, a further weather system spreading in from the atlantic, giving further showers or longer spells of rain. you may notice maybe a little bit of snow around the north—east of scotland by the end of the week, some slightly colder air will slowly move its way in here, but really for most of us it is looking dry, sorry, showery for the end of the week with temperatures about 11—15 or 16 celsius with some sunny spells. that is all from me, bye—bye.
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this is bbc news. the headlines: switzerland's biggest bank, ubs, is in advanced talks to buy all or part of its troubled rival credit suisse. efforts are concentrating on reaching a deal before the stock markets resume trading on monday. the kremlin says vladimir putin's visit to mariupol, a city captured during the russian invasion of ukraine, was unscheduled. he flew there by helicopter on saturday evening. no news of his trip was made public before he returned to russia. the former us president donald trump says he suspects there are plans to arrest him on tuesday. he's called on his supporters to protest. serbia's president, aleksandar vucic, says he has declined to sign a proposal
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