welcome to newsday, reporting live from singapore, i'm monica miller. the headlines. switzerland's biggest bank, ubs, takes over its rival credit suisse to help restore global financial stability. environmental scientists prepare to unveil eight years of work, showing the scale of the climate crisis. the temperature up here in the alps is rising by about twice the global average, it's already increased by two celsius and is having a devastating impact on the snow and the ice up here. ukraine condemns president

putin's surprise visit to the russian—occupied city of mariupol — devastated in the early months of the war. like all ukrainians, like all mariupol residents, i feel today a war criminal vladimir putin visited the scene of a crime he committed for several months. it's been 20 years since the us led coalition began its war in iraq to topple the dictator saddam hussein — we'll assess the history. # i'll take the world apart to find a place for a peaceful heart... and the return of a �*60s pops icon — we hear from yusuf cat stevens, about music, faith and performing at glastonbury.

hello and welcome to the progamme. switzerland's biggest bank ubs has agreed to take over its troubled rival credit suisse. the rescue deal follows a weekend of emergency talks between the two banks, after credit suisse saw its value plummet over the past week. banking regulators hope the deal will restore confidence to the financial markets. credit suisse had been caught up in the market uncertainty triggered by the collapse, nine days ago of america's silicon valley bank. here's the swiss president speaking earlier. on friday, the liquidity outflows and market volatility showed it was no longer possible to restore the necessary confidence and that the swift and stabilising solution

was absolutely necessary. this solution is a takeover of credit suisse by ubs. it is supported by the federal council following several meetings with the swiss national bank, with our regulator, with credit suisse and ubs. we welcome this takeover and support it by guaranteeing the framework conditions necessary for its success. the federal council is therefore 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 correspondent imogen foulkes explains the significance of this merger on the global stage. it's early days. but i don't think it's going to be easy. ubs is the bigger of the two, but both of them are already huge.

if you lookjust in switzerland, both of them have at least one branch, 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's 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.

william lee is chief economist at the milken institute. he says the takeover deal was long overdue. there are many banks around the world that have not been doing well because they have had lousy management or a bad run with their businesses. unfortunately, credit suisse is in both positions, management has not been very good and they have allowed themselves to go with shady deals, so credit suisse�*s reputation has been tarnished for years. the swiss authorities hoped they could resurrect the reputation slowly by restructuring the business, but unfortunately people around the world recently have nerves and are on notice to make sure their money is safe. everyone is asking the question, are my deposit safe? unfortunately with credit suisse, both investors and depositors are saying, absolutely not. there is not enough time to restructure and we don't have faith they can do it in reasonable time, so i'm

pulling my money out. so the story of credit suisse is one of... it has gone down because of years and years of bad management and a badly run bank. who do you blame for the financial global sector being in this situation? we heard presidentjoe biden earlier saying they are going to look at some of the managers of this bank. do you think that is the crux of the problem? it's very easy to blame it on rising interest rates, because the global inflation issue has caused central banks around the world, the ecb, the federal reserve and others, to tighten up interest rates. once you raise interest rates, all things start to get scrutinised very carefully, because people are being more careful where they place their money and investments. it's an easy place to blame, but right now we are seeing the big banks likejp morgan, citibank, a lot of the banks

in singapore, they are in pretty good shape, even though interest rates are going up. so instead we see the cats and dogs, the silicon valleys, the banks with management that has not been doing theirjob or managing risks well, those are the banks failing and that people are losing confidence in. that has caused banks around the world to start worrying about their business model. depositors are asking, should i move my money out of the smaller bank and go to a safer bank, even though my deposits are insured? many of them are doing so, because they just don't trust the banks they originally banked with, even though the smaller banks are friendly to managers, they give them more benefits, they allow the businesses to operate with more leniency and get loans more readily. unfortunately, that is where the small banks are getting into trouble. let's show you what's going on on the tokyo stock exchange.

live pictures showing what's happening on the nikkei with markets down after opening a little earlier. we opening a little earlier. will update on that in the asia we will update on that in the asia business report in a couple of minutes. let's look at some other stories in the headlines. an extradition hearing has begun in australia in the case of a former us marine pilot accused of helping to train members of the chinese military. last year, australian authorities approved a request by the us to extradite daniel duggan, who became an australian citizen in 2012. mr duggan denies the charges. president macron of france faces no—confidence motions on monday after his government pushed through an unpopular rise in the state pension age. there have been weeks of protests and several nights of unrest. a day of nationwide industrial action is scheduled for thursday.

montenegro�*s long—serving president, milo djukanovic, will face a run—off election next month after no candidate secured 50% of the first—round votes. his challenger is a pro—western economist, jakov milatovic. sunday's vote came amid a year—long political crisis. environmental scientists around the world spent the last eight years analysing evidence about the climate crisis. their work for the united nations will be revealed this monday, 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 editor justin rowlatt has discovered, there's already clear evidence of dramatic change in the surrounding alpine environment.

dave searle is claiming an ice face high in the alps. dave searle is climning an ice face high in the alps. dave searle is climbing an ice face high in the alps. 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 arejust much more mild. we're getting rain higher up the mountain. the greenhouse gases emitted since the industrial revolution have already raised global temperatures by a little over one degree, but the effects are even greater in the alps. that's because, as the snow melts, the ground absorbs more heat. the temperature up here in the alps is rising by about twice the global average. it has already increased by 2

celsius, and it is having a devastating impact on the snow and ice up here. at an observatory 3.5km 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 heat a new record. the glaciers of the alps lost 6% of their total volume. the very best forecastl for the future of 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. earlier, i spoke to dr simon bradshaw, a research director for climate council. the most comprehensive assessment into the causes and consequences of climate change ever undertaken, and although there is masses of information there, the key messages are simple. first, climate change is happening now and impacts are being felt right around the world.

in australia, it is worsening bushfires and floods and deadly heat waves. in the pacific, loss of land and homes to rising seas. we are now living in this age of consequences. but it's not too late to turn the ship around. the report also shows us we have to get emissions plummeting this decade, we need to halve global emissions by 2030, which means getting out of fossil fuels, coal, oiland gas, onto renewables as soon as possible. the solutions and technology are there, but we have to go much faster than we have until now. not everyone was on board with the language of this report over the weekend. explain what was being opposed, who was opposing it, and why? well, this is the most authoritative assessment we have, and the reason is not only all the science that goes into it, but it's an intergovernmental process to which the final document is agreed. that gives it a lot of power but it does mean countries come with their particular interests, so you see those with heavy fossil fuel

interests trying to water down the language, trying to negotiate on some of the science. but the science is absolutely clear. we need to get out of coal, oil and gas as soon as possible. there is no get out ofjail free cards, we have to be careful about false solutions that are sometimes pushed, ways of capturing and storing carbon underground, which we can't do at anything like the scale required. we have to get beyond the fossil fuel vested interests and the views of countries that have tried to hold this back. we need to make as much progress as we can now, this year, through the 2020s. as you mentioned, australia is one of the most vulnerable developed countries in the world. what is the most crucial problem facing its climate crisis? well, we did a recent survey that indicated 80% of australians have experienced some form of extreme weather disaster in recent years. devastating floods, fires, heat waves. we also see tremendous damage to our critical ecosystems

on which we literally depend for survival, the great barrier reef, the great forest... we are seeing all that damage unfold, and australia is especially vulnerable, but the other thing that makes us unique is we are sitting on this tremendous unrivalled potential for renewable energy, building new clean industries and producing low and zero carbon products, like green steel and aluminium that we can export. we have a tremendous amount to gain by going harder on climate action, which is another key message in all the science and economics, we have to tackle the climate crisis for the future of our ecosystems and our health, and the livability of the earth, but also tremendous opportunities for newjobs, prosperity, well—being, and everything else, if we just get on with the job. you're watching newsday on the bbc. still to come on the programme. we hear from the �*60s pop icon yusuf cat stevens about music, faith

and performing at glastonbury. applause. let there be no more war or bloodshed between arabs and israelis. this with great regret, the committee has decided that south africa will be excluded from the 1970 competition. chant.

streaking across the sky, the white hot wreckage from mir drew gasps from onlookers on fiji. this is newsday on the bbc. i'm monica miller in singapore. our headlines: switzerland's biggest bank, ubs, has taken over its rival credit suisse to help restore global financial stability. environmental scientists are preparing to unveil years of work showing the scale of the climate crisis. russia's president vladamir putin and china's president xijinping are scheduled to meet in moscow on monday. it's the first time the leaders have met face—to—face will since the beginning of the ukraine war.

the two—day visit comes as beijing, an ally of russia, offered proposals to end the war. meanwhile, ukraine has condemned mr putin's visit to the devastated city of mariupol. an aide to president zelensky called him a criminal returning to the scene of his crime. our diplomatic correspondent james landale reports from kyiv. vladimir putin arrived in mariupol by helicopter, at least according 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 bbc can't verify who they were. the kremlin said it was a "spontaneous visit". "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, 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, 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. 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. exactly 20 years ago, us forces, with the uk

and other allies, invaded iraq in order to oust the dictator saddam hussein. it was part of the us�*s war on terror, begun by president george w bush in the wake of the terrorist attacks of september 11th, 2001. the first raids were on the capital baghdad — it took the us just over a month to overwhelm iraqi forces, and for saddam's baathist government to collapse. but the effects of the war have been hugely controversial. our international editorjeremy bowen gives his assessment of war�*s legacy on iraq. iraq went through a catastrophe. hundreds of thousands of people were killed, no—one knows exactly how many. the consequences spread violence elsewhere in the middle east. they still rumble on. iraq is a highly corrupt, violent and fragile society. it's had a better year so far in 2023, but the foundations

left by the legacy of all that killing are fragile, and people constantly worry that they might slide back into some kind of intermittent fight or the risks of foreign intervention. iran is particularly influential here, its allies run the government. in a 50—year career, he's notched up a string of hits including the first cut is the deepest, father & son and peace train. along the way cat stevens converted to islam, changing his name to yusuf islam. now known as yusuf cat stevens, he's preparing to release his 17th album and play glastonbury for the first time. the singer—songwriter has been talking to our culture editor katie razzall about music, faith and performing on the pyramid stage. # it's not time to make a change, just relax...

a voice some may have forgotten, now back as a glastonbury highlight with a new album more than 50 years after he first found fame as cat stevens. his parents�* restaurant in central london was once home, it's long gone, replaced by a gallery, but still has a place in yusuf cat stevens�* heart. that's me in the kitchen, 1967, when i had my first hit. my imagination began in this place. it's where i started to look beyond the sink and the mop and i knew there was something else calling me. # now that i've lost everything to you... that calling was pop music, but after a bout of tuberculosis and a near—death experience, in the �*70s he converted to islam, changed his name and found a new spiritual direction. # oh, baby, baby, it's a wild world... his faith is at the heart

of his latest album, called king of the land. i can't really not think about the divine hand in everything. i'm trying to share those things and how we can actually get to somewhere much better than we are at the moment. his status has been cemented, now he is to play the coveted legends�* slot at glastonbury this summer. it's probably on a lot of people's bucket lists. mine too. do you see yourself as a legend? i've not gone yet! legends are supposed to be after they are gone, you know? but i reckon so. for some, he is a humanitarian. he has also founded several muslim schools. but he's been criticised by others for remarks in 1989 that appeared to support the fatwa against salman rushdie. what does he say about the recent attack on the writer?

i was horrified because i never supported the fatwa. i took as much length as i could go to explain myself but nobody wanted to print that side of the story. for some, the questions remain, despite the message of peace. but at 7a, what's next for this artist? i don't know how long i'm going to be making music for. but as long as there's music in me, there's going to be something to say. i will probably keep on singing as long as i've got a song. # peace train. # the late queen has been publically remembered by her son, the king, on mother's day. in a twitter post, the king showed an image of the young queen with him as a baby standing on her lap. the princess of wales also shared photographs of happy family memories to mark the day. it showed kate sitting in a tree with her children,

prince george, princess charlotte and prince louis. that's all for now — stay with bbc news. hello. we'll need our raincoats and brollies this week. it really does look very unsettled indeed, and especially wet in western parts of the uk. monday is no different. i don't think it's going to be raining all the time, but certainly some rain on the way and just a few glimmers of brightness. a lot of cloud streaming in our direction but you can see it's coming in from the southwest, hence it stays mild. and multiple weather fronts crossing the country through the course of monday. more weather fronts out in the atlantic making a beeline for the uk. so the forecast then for monday shows mild conditions early in the morning. temperatures around five degrees in stornoway, nine in plymouth. and see where the heavier rain is in the morning across parts of northern england, southwestern scotland and northern ireland.

that's one weather front, you can see it moves northwards. and then in the southwest later in the day, showers gather across cornwall, devon, parts of southern wales by around about 3pm. the best chance of any brightness would be across parts of the midlands, maybe east anglia, lincolnshire, perhaps yorkshire, and this is where we'll have the mildest weather up to about 16 celsius. elsewhere, the thicker cloud and the outbreaks of rain, it won't be quite as mild, closer to around 10—12 degrees. much fresher conditions in the north of scotland, with some sunshine in lerwick, about six or seven. through the course of monday evening, it does look as that rain would be more widespread and heavy as it spreads across the uk. here's tuesday's weather map, and a broad area of low pressure across the atlantic, sending weather fronts in our direction, quite a few isobars there, so that means the winds will be freshening as we go through tuesday and into wednesday. on tuesday, we are between weather systems, so one out in the north sea, another one here

approaching ireland. we are in between with some sunny spells, but also some showers. you can see heavy showers in one or two areas. again, very mild, 13 or 1a, perhaps 15 degrees. through the course of the evening, the next weather front starts to sweep towards more eastern areas. through the course of wednesday, that big low—pressure still dominating the weather across the atlantic. it's like a washing machine of clouds and showers circulating areas of low pressure. so, a very breezy day as well and gale force winds are possible around some western coast. so, here's an overview of the week ahead, you can see most days have rain icons but, at least, it is relatively on the mild side. bye— bye.

this is bbc news. will have the headlines on all the many new stories at the top of the hour as news they continue straight after hardtop. welcome to hardtalk. i'm stephen sackur. in a world fixated with the unstoppable march of the digital revolution, it's kind of refreshing to look at what's happening in the old school business of selling books. ink on paper has not been eliminated by the rise of the e—book, and the good old bricks and mortar bookshop hasn't been wiped out by online shopping.

my guest today, james daunt, boss of a growing bookshop empire, is a leader of this counter revolution.