tv BBC News BBC News March 19, 2023 9:00pm-9:31pm GMT
9:00 pm
this is bbc news with the latest headlines for viewers in the uk and around the world. switzerland's largest bank, ubs, has taken over its struggling rival — credit suisse — in an emergency measure designed to protect the swiss economy. in this difficult situation, the takeover of credit suisse by ubs is the best solution for restoring the confidence that has been lacking in financial markets recently. ukraine condemns vladimir putin's visit to mariupol — a devastated city which was captured by russian forces. environmental scientists prepare to unveil 8 years of work — showing the scale of the climate crisis.
9:01 pm
the government of switzerland says that the country's biggest bank, ubs, has taken over its troubled rival — credit suisse — in an emergency measure designed to protect the swiss economy. credit suisse has seen its value plummet over the last week due to fears about the company's financial health. regulators in switzerland had spent the day trying to pave the way for a deal to be struck before the financial markets open tomorrow. here's the swiss president alain berset speaking at a press conference earlier. on friday, the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence, and that a swift and stabilising solution was absolutely necessary. this solution is the takeover of credit suisse by ubs.
9:02 pm
it is supported by the federal council following several meetings with the swiss national bank, with our regulator, with credit suisse and ubs. the federal council welcomes the takeover and is supporting it by guaranteeing the framework conditions necessary for its success. the federal council therefore is confident that in this difficult situation, the takeover of credit suisse by ubs is the best solution for restoring the confidence that has been lacking in financial markets recently and for best managing the risk to our country and its citizens. our geneva correspondent imogen foulkes explains the significance of this merger on the global stage. it is early days. but i don't think it is going to be easy. ubs is the bigger of the two but both of them are already huge. if you lookjust in switzerland,
9:03 pm
both of them have at least one branch, or more in a big city like bern, but at least one branch in every town. so we are looking certainly at probably thousands ofjob losses, because what is the point of having two branches of the same bank in a small town or village? that is clearly not going to happen. but i think also if you look globally, there is going to be a lot of scrutiny now. these are both globally important banks. now it will be just ubs. what is going to happen with the investment sector? with the wealth management sector? further down the line, given that this meltdown seemed to take the swiss financial regulators by surprise, what does it mean for switzerland's reputation for being a safe place to invest your money? this is a catastrophe, frankly, not just for credit suisse but for the swiss financial sector.
9:04 pm
mohamed el—erian — chief economc advisor at the international financial services provider— allianz said a ubs take—over of credit suisse is the least—bad option. it is not great but it is the least bad, that is the first element. why would you say it is the least bad? because the other two were either a nationalisation of credit suisse and the assumption by the swiss government of all the problems, or alternatively shutting down credit suisse and that is very difficult to do. it is one of the 30 systemically important banks. among the three possible options, this is the least bad. how difficult is it going to be for ubs to take over credit suisse? these are two huge banks, what is going to go into this kind of merger? there is a short—term problem and a longer term problem. the short—term problem starts tomorrow, which is to make sure
9:05 pm
the market accepts this deal. how much support is ubs getting from the swiss government? what are the indemnities like because ubs is taking on a troubled bank with legal issues, will ubs be protected from that? there are lots of short—term issues. the long term issue is what does ubs do with the different parts of the bank where there is a lot of parallels with what it does and overlaps. this is not going to be an easy thing to digest. this is a big bite and ubs will need time to digest it. what is in it for ubs? why would they want to take over a troubled bank with legal issues? this is not a voluntary marriage, this is a forced marriage, a shotgun wedding. ubs is being pushed very hard by the swiss authorities and i suspect the swiss authorities are being pushed very hard
9:06 pm
by the regulatory authorities in the us and uk where credit suisse has quite a presence. very briefly, what does this mean for the employees of credit suisse? around 50,000 of them globally. it means uncertainty, it means more headaches, and they have already had quite a few of them, and it probably means slimming it down even more than what credit suisse management had announced. the russian president vladimir putin has visited the ukrainian city of mariupol, believed to be his first time inside territory seized by russian forces the visit provoked a furious response from some ukrainian officials — mariupol�*s exiled mayor told bbc news that mr putin was a �*criminal who'd returned to the scene of the crime�*. 0ur diplomatic correspondent james landale reports from ukraine's capital, kyiv. vladimir putin arrived in mariupol by helicopter, at least according
9:07 pm
to pictures broadcast by russian state television. then he drove himself into the city amid tight security on what's thought to be his first known visit to parts of ukraine seized by russian forces after last year's invasion. in the darkened streets, he met what were described as local residents. the kremlin said it was a "spontaneous visit". they seemed happy to see him. "we need to start getting to know each other better," mr putin 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, 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,
9:08 pm
during which ukrainian fighters held out here 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. here in kyiv, the mayor of mariupol told me how he felt seeing mr putin in his city. translation: like all ukrainians, like all mariupol residents, - i feel that today, a war criminal whose name is vladimir putin visited the scene of a crime he committed for several months — destroying the city of mariupol. the only city russian aviation is carpet bombing is mariupol. this is what parts of mariupol actually look like — contemporary images from local residents showing still—ruined tower blocks.
9:09 pm
long lines of people queuing for food. all in stark contrast to the reconstruction that mr putin did get to see, including a theatre that had been rebuilt. under bright streetlights, he was also shown a playground, only days after he was accused by international prosecutors of illegally deporting thousands of children from occupied parts of ukraine to russia. james landale, bbc news, kyiv. earlier i spoke to the prosecutor general of ukraine, andriy kostin, about what his country made of the visit. it is widely discussed in ukraine that the perpetrator had returned to the crime scene to real life, the crimes he has committed and we really can...
9:10 pm
we always remember the mariupol drama theatre, the maternity house and thousands of innocent civilians killed in mariupol, not only by a russian military on the ground but also by bombing, which was hulled by months, every day. it is just a case of putin returning to the crime scene. the icc, the international criminal court, has mentioned that there could be more cases attached to mr putin's arrest warrant, on top of the case of the deported ukrainian children who have been deported to russia. what evidence can ukraine provide for that and will those cases perhaps focus on what has taken place in mariupol for instance? mariupol is one of the cases which are under discussion, not only now but from the very first days. we have a substantial number
9:11 pm
of cases where we discuss the potential cooperation and what is important for this arrest warrant and for this case, is the icc completely respect the work of ukrainian law enforcement agencies and ukrainian prosecutors and courts, who can prosecute most of the crimes internally and with having indicted and issued an arrest warrant against putin, the icc showed it plays an exactly complementary role because putin and the other two people in his government has personal immunity in ukraine. this is not only important but symbolic. we have great cooperation between our teams and we have prioritised some cases in order to reach our goals any to reach our goals in a
9:12 pm
more speedy manner. which cases are your priority at the moment? the case where putin was indicted was our priority. at the moment we have others. i cannot disclose this information but this is really only the first step and others will follow, not only with relation to putin but also to other perpetrators. and mariupol, you mentioned, is also something where the icc and our partners could play a complementary role, because still ukraine has no access to the crime scene and we need wide support and wide cooperation from different governments, law enforcement agencies and intelligence agencies, in order to build these cases. and in the last hour the kremlin has published comments by president putin ahead of the visit to moscow by the chinese leader xi jinping.
9:13 pm
the president welcomes china's willingness to play what he calls a "constructive role" in ending the conflict in ukraine, saying sino—russian relations were "at the highest point" in history. xijinping heads to russia hoping to solidify its relationship with russia and to deliver a breakthrough on ukraine as beijing seeks to position itself as a international negotiator. of course, we'll be covering that trip carefully on bbc news... now it is time for the sport. it's been a big day for those teams who started the weekend top of the table in europe's big leagues. psg and bayern munich were surprise losers in france and germany respectively. but arsenal have gone eight points clear in the premier league after beating crystal palace 4—1 at the emirates. bukayo sa ka scored twice... while after missing the penalty that led to their defeat in the europa league on thursday. gabriel martinelli also scored. palace sacked their manager
9:14 pm
patrick vieira on friday and they still haven't won in 2023. as for arsenal it was a welcome response to having lost to sporting in europe. it is life and it happens. it is not every game that you are going to score and not every game where you are going to play well and it happens. 0f are going to play well and it happens. of course i was sad, i spent the whole night thinking about that penalty but it is over. we cannot come back and today we had a great game and i scored, and we got the three points, the most important thing. the three points, the most important thin. , , ., thing. the energy we put right from the beginning _ thing. the energy we put right from the beginning in _ thing. the energy we put right from the beginning in the _ thing. the energy we put right from the beginning in the game, - thing. the energy we put right from the beginning in the game, it - thing. the energy we put right from the beginning in the game, it was l the beginning in the game, it was the beginning in the game, it was the terminal focus. left thursday in the terminal focus. left thursday in the past _ the terminal focus. left thursday in the past and played well and won the game _ the past and played well and won the game you _ the past and played well and won the game. you have to come back here and do it again _ game. you have to come back here and do it again. they haven't got the resultsm — do it again. they haven't got the results... we are really dominant. barcelona started sunday evenings
9:15 pm
clasico with a nine point lead over real madrid. they're into the second half at camp nou. it is currently i—i. and on —— an own goal gave real madrid a lead. it's the first time xavi has taken charge of a clasico at home. it's also the second of three meetings injust over a month, as they're also playing in the semi finals of the copa del rey. there were four other games in spain today. real sociedad stay fourth, keeping two other winners, real betis and villarreal at bay. sergio perez has won the saudi arabian grand prix, suggesting once again that red bull will be the dominant team in formula one this season. the mexican started from pole and briefly slipped behind aston martin's fernando alonso, although the spainard was later given a five second penalty for an incorrect starting position and eventually finished fourth. drive of the day came from max verstappen. the dutchman started from 15th on the grid after his red bull broke down during qualifying, but by the half way point
9:16 pm
he'd moved up to second, and he stayed there. victory for perez leaves him a point behind verstappen in the drivers�* championship. britain�*s george russell was third in his mercedes. the final of the women�*s indian wells tournament is a repeat of the one at the australian open this year. elena rybakina is playing aryna sabalenka. they are into a first set tie—break, six games old. the thai break currently taking place. later carlos alcaraz takes on daniil medvedev in the men�*s final. if the spaniard wins he�*ll return to number one in the world rankings. mikaela shiffrin won her 21st career giant slalom at the world cup finals on sunday as the american ended the season with yet another record. the victory moved shiffrin past vreni schneider, a week after matching the swiss skier�*s mark of 20 world cup victories. the american has won seven of the last eight events and took the giant slalom world title last month. the overall record is held by swedish great ingemar stenmark, who won 46 giant slaloms
9:17 pm
in the 1970s and 80s. and that�*s all the sport for now. the former uk prime minister boris johnson is to publish evidence in his defence — before he faces questions from mps over whether he misled parliament about parties held in downing street during the covid lockdown. his own government brought in the laws, banning many gatherings at the time — but mrjohnson was fined for attending drinks parties. misleading parliament is seen by other mps in the uk as a serious breach of the parliamentary rules. borisjohnson will appear before a committee of mps on wednesday — in a televised session — investigating his actions. earlier i spoke to our political correspondent ione wells. i began by asking her what will be looked at on wednesday that hasn�*t been discussed before. well, it�*s a good question. and the committee is being clear that they are not reopening an investigation into party gate
9:18 pm
itself or whether or not rules were broken. there have already been investigations by the metropolitan police, but also by the former top civil servant, sue gray, into these parties that took place in whitehall during covid restrictions. so they�*re not reopening that. it is still, though, a big issue, ithink, because this key question still remains of whether or not boris johnson misled fellow mps about this. the reason it�*s a really big deal for him is if he is found to have misled parliament, he could potentially face some kind of punishment that mps would then get to vote on. this could include, at its most extreme, a suspension from parliament. if that was ten days or more, then he could even face what�*s known as a recall petition, meaning he could face a by election in his seat. now, this is all hypothetical because we don�*t yet know what the result of that inquiry will be. but of course, that is a concern for him and his political career going forward, but also the conservative party that he is part of, because they probably do not want to be facing any prospect of a by election right now.
9:19 pm
just very briefly, ione, how what sense do you have about borisjohnson�*s popularity within his own party? does he still have a lot of support within the conservative party? well, he has always been and is still a very divisive figure within the conservative party. certainly there are some very vocal defenders of him, people like former cabinet ministers jacob rees—mogg, nadine dorries, who served with him in government, who have always sort of accused those essentially who are criticising him as leading some kind of witch hunt against him. so i think there are still some vocal supporters among some mps, but also some within the party membership. there are also, though, some very fierce critics of him still in the conservative party who feel like some of the scandals that he got embroiled in over party gate, and other kind of issues when he was prime minister have meant that the party has been kind of severely tainted as a result. so i think he is still very much dividing the conservative party. some of those factions may come out on wednesday when we kind of gauge people�*s reaction to this hearing.
9:20 pm
environmental scientists around the world have spent the last 8 years analysing evidence about the climate crisis. their work for the united nations will be revealed tomorrow, in the town of interlaken, high in the swiss alps. the report will become the benchmark for all discussions by politicians and governments on how to respond to the growing threat the planet faces. and as our climate editorjustin rowlatt has been discovering, there�*s already clear evidence of dramatic change in the surrounding alpine environment. dave searle is climbing an ice face high in the alps. it�*s, like, super exciting, and there�*s so much happening and going on. his safety depends on the strength of the ice. you�*re listening for a good thunk, and making sure that the ice axe isn�*t wobbly. but the ice in the high mountains of europe and the world is changing. for me, it�*s been quite shocking how fast it�*s been developing. the winters are just much more mild.
9:21 pm
we�*re getting rain higher up the mountain. the greenhouse gases emitted since the industrial revolution have already raised global temperatures by a little overi degree, but the effects are even greater in the alps. the temperature up here is rising by about twice the global average. it has already increased by 2 celsius, and it is having a devastating effect on the snow and ice up here. at an observatory 3.5 km up this swiss mountain, they�*ve been monitoring the changing alpine climate for decades. 30 years ago, it never rained, but nowadays in summer, very often, there is rain, even up here at 3500 metres. wow. yep. last year, the ice melt hit a new record. the glaciers of the alps lost 6%
9:22 pm
of their total volume. the very best forecast - for the future of our alpine glaciers is that we can save about one third i of the ice falling. this is the best case. in the worst case, we'rel going to lose everything. look how the glacier below the weather station is expected to retreat over the next few decades in that worst—case scenario. so, what does dr huss think the message from the un scientists should be? action is now urgently needed. for the glaciers, we see - the effects of climate change. this is illustrating how| urgent it is to act now. this landscape appears eternal — literally frozen in time. but without dramatic reductions in greenhouse gas emissions, the ice up here at the top of europe will be lost forever. justin rowlatt, bbc news, in the swiss alps. here in the uk, a charity that
9:23 pm
specialises in helping british muslims with financial problems says it�*s been overwhelmed by people needing assistance. the national zakat foundation has received up to 2000 applications a month for crisis grants — double the figure it was getting last year. michael buchanan reports. for a few hours a day, two—year—old ali has his house and his mother to himself, before his four siblings return from school. berlin is separated from the children�*s father. the family live off £236 a week. it�*s not enough, and she�*s built up large debts trying to raise five children alone. they don�*t understand. they will ask me everything, "can you buy this, can you buy that?" they have to ask me for something, they want it. sometimes i say, "ah, tomorrow, we will do tomorrow," and they forget sometimes. muslim communities in britain
9:24 pm
are disproportionally poorer than the rest of the country. poverty levels are particularly high among people of bangladeshi, pakistani and black african heritage. this charity distributes zakat — money donated by muslims to help fellow muslims in need. demand for its hardship fund is greater than ever — some months, they�*re seeing over 2,000 applications. zakat, especially, has always been seen in the muslim psyche in britain, certainly, as for people who are homeless, foodless, in some far—off land. and just to overcome that, some people say, "ok, the community is here for you, zakat is yours, as well," that's difficult for us. we're seeing a record number of people accessing support. i at the east london mosque, what started as a response to the pandemic has become an ongoing lifeline. a lot of our families, - they live in very overcrowded housing situations. it is a community that has always l been in poverty, that has reallyl
9:25 pm
struggled with employment. and it doesn't really help, the fact that things - are really expensive. for this woman, her rent�*s the big problem — it�*s increased by £200 to 1500 per month. translation: i have two children who i need - to feed, but i can't work. it's so cold and chilly out there and i have no alternative but to come here. there�*s a huge stigma in muslim communities around asking for help from charities. but when bills are rising this rapidly, faith and family can only go so far. michael buchanan, bbc news. more information on that story on the bbc news website. and he can write to me on twitter. goodbye for now.
9:26 pm
this is bbc news. the headlines. such an�*s largest bank ubs has taken over its troubled rival credit suisse in an emergency measure designed to protect the economy. both banks will be given a loan to help. now it is the weather. hello, we will need our raincoats and brollies. this week looks very unsettled indeed. especially wet in western parts of the uk. monday is no different, i do not think it will be raining all the time but some rain on the way and just a little bit of a brightness. a lot of cloud in our direction but it is coming
9:27 pm
from the south—west, hence it stays mild. multiple weather fronts, crossing the country through monday, more weather fronts out in the atlantic making a beeline for the uk. the forecast for monday shows mild conditions early in the morning, temperatures around 5 degrees in stornoway, nine in plymouth. you can see where the heavier rain is in the morning. that is one weather front, you can see it moves northwards. in the south—west showers gather across cornwall, devon, parts of southern wales by around 3pm. the best chance of any brightness will be across parts of the midlands, east anglia, lincolnshire and perhaps yorkshire. this is where we will have the mildest weather, elsewhere we will have the thicker cloud and outbreaks of rain. much fresher conditions in the north of scotland with some showers, about six or seven. —— with some sunshine in lowick.
9:28 pm
through the course of monday evening, it looks as though that rain will become more widespread and heavy as it spreads across the uk. here is the weather map for tuesday and a broad area of low pressure across the atlantic sending weather fronts in all directions a few isobars there, so the winds will be freshening for tuesday into wednesday. on tuesday we are in between weather systems, one out in the north sea and another approaching ireland. we are in between with some sunny spells but also showers. heavy showers in one or two areas, very mild. through the course of the evening, the next weather front will start to sweep towards more eastern areas. through the course of wednesday that big low pressure dominating the weather across the atlantic, it is like a washing machine of cloud and showers circulating multiple areas of low pressure. very breezy day as well and gale—force winds are possible around some western coasts. here is an overview of the week ahead. most days have rain icons but at least it is relatively on the mild side. goodbye.
9:30 pm
this is bbc news. the headlines... switzerland�*s largest bank, ubs, has taken over its troubled rival — credit suisse — in an emergency measure designed to protect the swiss economy. both banks will be given a liquidity assistance loan of up to $110 billion. ukraine condemns president putin after he visits the devastated city of mariupol — captured during the russian invasion. an aide to president zelensky called him a criminal returning to the scene of his crime. former british prime minister boris johnson will publish evidence in his defence ahead of a grilling by mps over whether he misled parliament about covid rule—breaking parties. mrjohnson denies misleading mps.
118 Views
IN COLLECTIONS
BBC News Television Archive Television Archive News Search ServiceUploaded by TV Archive on