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 has already increased by two celsius, and it 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. translation: like all ukrainians, _ translation: like all ukrainians, like - translation: like all ukrainians, like all- translation: like all - ukrainians, like all mariupol residents, ifeel that 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 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 legacy. valencia's streets come to life for the five—day fallas festival, celebrating the spanish city's culture, history and people. live from our studio

in singapore, this is bbc news. it's newsday. hello and welcome to bbc news, broadcasting to viewers in the uk, on pbs in the us, and around the world. a weekend of emergency talks has concluded with switzerland's biggest bank, ubs, agreeing to take over its troubled rival, credit suisse. 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 alain berset 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. so why is this deal so important? here's our business editor, simonjack. well, editor, simon jack. how well, editor, simonjack. how come credit suisse became well, how come credit suisse became the biggest and most important casualty of a situation that has already seen the failure of two mid—size us

banks, silicon valley and signature bank, and the emergency whip round for another, first republic bank. the main reason behind it all is this, global interest rates, these are us interest rates, after many years have been close to zero, have rocketed, as countries have tried to bring down inflation, caused mainly by higher energy prices, as russian energy was shut off or shunned. as russian energy was shut off orshunned. now as russian energy was shut off or shunned. now that sudden change has set the value of some of even the safest investments the banks keep their money in, so the big question is are we back to 2008, is this a rerun of the financial crisis? well, this is precisely what the authorities are trying to avert. they in the us and in the uk are tonight saying they support this particular deal, and they stress that banks are strong, much stronger than they were in 2008, and peoples's savings and deposits are safe. institute. william lee is the chief economist at the milken

institute. he told me the take—over 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, their management has not been very good and they have allowed themselves to go with very shady deals, so credit suisse's reputation has been tarnished for years. and the swiss authorities hoped they could resurrect the reputation slowly by restructuring the business, 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 any 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 like jp 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 whose managements have 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, and 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? well, many of them are doing so, because theyjust don't trust the banks they originally banked with, even though these smaller banks are friendlier managers, they give them more benefits, they allow the businesses to operate with more leniency and get loans more readily. and that, unfortunately, is where the small banks are getting into trouble. let's take a 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 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. president biden has expressed concern to the israeli prime minister benjamin netanyahu, about his plans to overhaul the judicial system. in a phone call, mr biden offered support for finding a compromise. huge protests against the reforms have taken place across israel for the past 11 weeks. montenegro's long—serving president, milo dukanovic, 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 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. 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 3,500 metres. wow. yep. last year, the ice melt hit 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, who is 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 of all, climate change is happening now and its impacts are being felt right around the world. here, 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 this ship around.

the report also shows us that we have to get emissions plummeting this decade, we need to halve global emissions by 2030, that means getting out of fossil fuels, out of coal, oil and gas, onto renewables, as soon as possible. the solutions, the technology are there, but we have to go much faster than we have been until now. 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 for that is not only all the science that goes into it, but it's an intergovernmental process to which the final document is agreed. now, it gives it a lot of power but it does mean countries come with their particular interests, so you do see those with heavy fossil fuel interests trying to water down what's there in 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—of—jail—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 20205. 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 liability of the earth, but also tremendous opportunities for newjobs, prosperity, well—being, and everything else, if we just get on with the job. simon bradshaw the research director for climate council. you're watching newsday on the bbc. valencia streets come to life

with a five day festival is about celebrating the culture and people. applause. i'm so proud of both of you. let there be no more war or bloodshed between arabs and israelis. with great regret, the committee has decided that south africa will be excluded from the 1970 competition. chanting. 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 eight years of work — showing the scale of the climate crisis. russia's president vladimir 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 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 street lights, 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 ba'athist government to collapse. but the effects of the war have been hugely controversial. our international editor jeremy 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. our international editorjeremy bowen, and more coverage of the 20th anniversary throughout the day. in the uk borisjohnson is expected to publish evidence in his defence before he faces questions by mps about whether he held parties in london over the covid—19 lockdown. he held parties in london over the covid—19lockdown. he bought in—laws finding gatherings at the time. misleading parliament is seen by other mps is a serious breach of a parliamentary rule borisjohnson will be —— appear

before a committee of mps on wednesday in a televised session investigating his actions. the liberal democrats leader says his party would closer —— seek a closer economic relationship with europe to push britain's trade if it was in government. he also pledged to fix the nhs perform social care and tackle the cost of living crisis. we need immediate _ the cost of living crisis. - need immediate solutions to the cost of living crisis we need to far the late queen elizabeth has been remembered by her son on mother's day. in a has been remembered by her son on mother's day.— on mother's day. in a twitter ost the on mother's day. in a twitter post the king _ on mother's day. in a twitter post the king showed - on mother's day. in a twitter post the king showed an - 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. then the princess of wales also shared photographs of the happy family memory to mark the day,

it showed kate sitting on a tree with her children prince george, princess charlot and prince louis. it's been described as "five days and nights of madness and partying" with build up events for weeks beforehand. and now a popular spanish festival in valencia has drawn the last day of an extravaganza. with colourful sculptures, some costing $200 , 000 sculptures, some costing $200,000 burning to the ground. by $200,000 burning to the ground. by day the main streets of valencia have been a continuous street party, with sessions combining satire and art. these colourful firecrackers hung combining satire and art. these colourfulfirecrackers hung in colourful firecrackers hung in the colourfulfirecrackers hung in the streets and let off day and night. in the streets and let off day and niiht, g. the streets and let off day and niuht. g. ., ~ night. in japan taking in the sanish night. in japan taking in the spanish chorus _

night. in japan taking in the spanish chorus i _ night. in japan taking in the spanish chorus i see - night. in japan taking in the spanish chorus i see a - night. in japan taking in the spanish chorus i see a littlej spanish chorus i see a little movie of this. i'm happy to see this. i movie of this. i'm happy to see this. ., . ., ., , this. i love the creations, the --eole, this. i love the creations, the peeple. these _ this. i love the creations, the people, these streets - this. i love the creations, the people, these streets are - this. i love the creations, the people, these streets are so | people, these streets are so crowded. _ people, these streets are so crowded, it's so interesting, i want — crowded, it's so interesting, i want to— crowded, it's so interesting, i want to see what's going to happen— want to see what's going to happen because it's my first time — happen because it's my first time here. happen because it's my first time here-— happen because it's my first time here. festival traces its ori . ins time here. festival traces its origins back— time here. festival traces its origins back to _ time here. festival traces its origins back to 1497, - time here. festival traces its origins back to 1497, this - time here. festivaltraces its| origins back to 1497, this year has been credited with igniting southern and eastern spain's tourism industry. 2023 marks the first year it is back to full strength since the pandemic and as local valencia and say it is what rises from the ashes that counts. stephanie prentice, bbc news. don't forget you will find lots more on all our stories we are covering by visiting the website including the main story central banks have welcomed a government backed deal in switzerland for the country's august bank, ubs to take over its rival credit suisse. head to our website or

use the bbc news app. that's all we have for you now. i'm monica miller. stay with bbc world 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 will 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 14, 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. we'll have the headlines and all the main news stories for you at the top of the hour, straight after this programme. my guest today has covered some of the most defining stories of our time. gary younge briefly became part of nelson mandela's entourage, joined revellers as president obama was elected, and has covered much else too — gay marriage, brexit, the windrush scandal, and the black lives matter movement. gary left as a full—time journalism at the guardian in 2020 to become professor of sociology at the university of manchester. although he continues to write articles for various publications and books.

his new one is a collection of his journalism called dispatches from the diaspora.