this is bbc news broadcasting in the uk and around the globe. i'm annita mcveigh. our top stories... jitters on the global financial markets after the emergency takeover of switzerland's second biggest bank, credit suisse. the chinese president, xijinping, is on his way to moscow for talks with vladimir putin — his first visit to moscow since the invasion of ukraine. former uk prime minister borisjohnson submits evidence in his defence over whether he misled parliament over parties in downing street during covid. the most comprehensive study yet on the the impact of climate change is about to be released by un scientists, after eight yea rs of research. the temperature up here in the alps is rising

by about twice the global average. it's already increased by 2 degrees celsius. 20 years since the us—led coalition invaded iraq to topple dictator saddam hussein, we look at the legacy. hello and welcome to bbc news. the world's financial markets have reacted with unease following last night's emergency takeover of the troubled swiss bank credit suisse. shares in credit suisse fell by more than 60% this morning after european markets opened and the value of banking shares across europe have dropped sharply. credit suisse was bought by fellow

swiss bank ubs after a deal brokered by the swiss government. here's the chief executive of ubs explaining the rationale behind the deal. translation: it means we bring back stability and security _ for credit suisse clients, but also that we keep the reputation of the swiss financial centre high. and finally it means we are stemming the turmoil in the international financial markets. these three goals are very, very important to us. we are building a big ubs with less risk appetite. let's speak to our business reporterjonathanjosephs. viewers will have seen and heard about the troubles with silicon valley bank and first republic among others in the us. now credit suisse. how worried do you think people should be, and i will start with people, because they will be the ones affected by the banking system. how worried should people be by what's happening in the banking system at the minute? in

what's happening in the banking system at the minute?- what's happening in the banking system at the minute? in terms of the general _ system at the minute? in terms of the general public, _ system at the minute? in terms of the general public, i _ system at the minute? in terms of the general public, i think- system at the minute? in terms of the general public, i think there i system at the minute? in terms of the general public, i think there is| the general public, i think there is no reason to panicjust yet. what we have seen so far is the rescue of credit suisse, which is a bank that has had years of video syncretic problems, problems unique to itself, which is why the swiss authorities intervened over the weekend and this emergency takeover proposal, quite an extraordinary takeover deal that ubs has taken over credit suisse like this. in terms of how it might filter through, what we are seeing in the financial markets this morning, we are seeing share prices falling in big banks in london, the likes of natwest, hsbc and some of the others, prudential, barclays, all falling significantly. in europe we saw deutsche bank falling. there is a concern there could be wider risks in the financial system. it may in turn mean banks are a bit less risky in terms of some of the decisions they make, they may be more reluctant to lend money to

people. that is one possible effect that could filter through given the right amount of time.— that could filter through given the right amount of time. taking a look at this purely _ right amount of time. taking a look at this purely from _ right amount of time. taking a look at this purely from the _ right amount of time. taking a look at this purely from the banking - at this purely from the banking perspective, if people think back to 2008, the financial crash, banks were criticised for irresponsible lending and excessive risk taking and so forth. have enough lessons being learned from that and changes instituted to make sure that sort of crash doesn't happen again? that’s crash doesn't happen again? that's the million-dollar _ crash doesn't happen again? that's the million-dollar question - crash doesn't happen again? that's the million-dollar question here i the million—dollar question here because whilst changes were absolutely made across the financial system as a result of the 2008 crisis, those changes were designed principally to deal with some of the problems we saw there. every crisis is different. we have also had here the fallout of the coronavirus pandemic in the war in ukraine that has pushed inflation up in terms of food and energy prices in particular. those have gone up and it has caused central banks to increase interest rates because that's one of the big ways, the

tools they have at their disposal to try to bring inflation down and stop those price pressures we all feel in the shops. those interest—rate increases have happened pretty quickly. as a result we are seeing some cracks emerging in the banking system. it's not quite clear yet how far and how wide and how deep those cracks are, how widespread they are. that's something we are going to see over the coming days and weeks. the head of the french central bank this morning has said we should expect a volatile few days for banking shares in particular because investors are trying to digest this. remember, this deal was done pretty hastily, ubs rescuing credit suisse, done pretty quickly over the weekend and there are lots of details still to be ironed out. drawing attention to the ceo of ubs who has said there must still be questions we have not been able to answer and i understand that and even want to apologise for it. so the bankers themselves are very aware there are lots of

questions that still need to be answered about this.- questions that still need to be answered about this. very briefly, will there be _ answered about this. very briefly, will there be job _ answered about this. very briefly, will there be job losses _ answered about this. very briefly, will there be job losses as - answered about this. very briefly, will there be job losses as a - answered about this. very briefly, i will there be job losses as a result of ubs taking over credit suisse? presumably there will be some doubling up or replication ofjobs, backroom jobs or whatever, so will there be somejob backroom jobs or whatever, so will there be some job losses? backroom jobs or whatever, so will there be somejob losses? i think there be somejob losses? i think there are around 11,000 employees in there are around 11,000 employees in the uk. , ., , there are around 11,000 employees in the uk. ,,,_ , there are around 11,000 employees in theuk. ,__ , , the uk. globally these employers have around _ the uk. globally these employers have around 125,000 _ the uk. globally these employers have around 125,000 staff - the uk. globally these employers have around 125,000 staff and i the uk. globally these employers i have around 125,000 staff and there is absolutely some duplication. we heard from ubs that there is almost certain there will be some job cuts. exactly where the axe falls remains to be seen, where globally and which functions, but we know ubs is looking to wind down the investment banking arm of credit suisse but keep going wealth management, so that gives some clues as to where the axe might fall.— the axe might fall. jonathan josehs, the axe might fall. jonathan josephs, thank _ the axe might fall. jonathan josephs, thank you. - russian president vladimir putin is preparing to host his chinese counterpart, xijinping, in moscow on monday. it's the first visit by china's premier since russia invaded ukraine last year, isolating him from the west. so what is likely

to be on the table? our moscow correspondent steve rosenberg reports. putin and xi. they call each other partners and friends. and right now, the kremlin leader needs all the friends he can get. his war in ukraine has not gone to plan. and last week, in the hague, the international criminal court issued an arrest warrant for vladimir putin for alleged war crimes. xi jinping's visit is a show of support for russia's president. the two leaders already claim to have a no—limits partnership, but it's not an equal one. russia, under heavy international sanctions, is increasingly dependent on china as a market for its goods and raw materials. as for no limits — well, there are some. up till now, beijing's been reluctant to provide russia with lethal aid for the ukraine war, to avoid secondary sanctions against chinese companies. still, china is thought to be supplying dual—use technology —

like semiconductor chips that can be used by russia's military. ahead of the summit, president putin paid his first visit to territory that russia has captured and occupied during its full—scale invasion of ukraine. he toured mariupol — a city that was reduced to rubble by russian shelling. his presence sent a clear message to ukraine and to the west — there'll be no compromises by the kremlin. steve rosenberg, bbc news, moscow. i'm joined now by dr yujie. she is a senior research fellow on china, asia—pacific programme at chatham house. thank you for your time today. what do both sides want to get from this meeting? do both sides want to get from this meetin: ? ., ~ do both sides want to get from this

meetin: ? ., ,, ,, do both sides want to get from this meetin: ? . ~ ,, 1, do both sides want to get from this meetinr? ., ~ ,, 1, , , meeting? thank you. both sides, i think on one _ meeting? thank you. both sides, i think on one hand _ meeting? thank you. both sides, i think on one hand putin _ meeting? thank you. both sides, i think on one hand putin is - think on one hand putin is desperately hoping to have some sense of support. it is a political or economic from beijing but on the other hand we will see if beijing will somehow play a mediation role in russia's invasion of ukraine but that's much easier said than done in this case. ., that's much easier said than done in this case. . , ., , ,., that's much easier said than done in this case. . , ., , ., this case. china seeks to be both an all of this case. china seeks to be both an ally of russia _ this case. china seeks to be both an ally of russia and _ this case. china seeks to be both an ally of russia and the _ this case. china seeks to be both an ally of russia and the broker- this case. china seeks to be both an ally of russia and the broker of- this case. china seeks to be both an ally of russia and the broker of an l ally of russia and the broker of an end to the war in ukraine and has put forward its 12 point peace plan. given vladimir putin's ambitions for ukraine haven't exactly gone to his plan, how do you think president xi is recalibrating the relationship with russia?— is recalibrating the relationship with russia? ., , , with russia? really 'udging by the written statements _ with russia? reallyjudging by the written statements both _ with russia? reallyjudging by the written statements both leaders i with russia? reallyjudging by the i written statements both leaders have done this morning, putin has done a piece in beijing and president xi has done a piece in moscow. it seems

to me they strike different tones and terms. xijinping putting emphasis towards economics and politics in this bilateral relationship. however, putin gives so much stress and emphasis towards this war in ukraine and hoping that beijing would really endorse this invasion in full. however, if we look at the language very carefully, i think xi look at the language very carefully, ithink xijinping look at the language very carefully, i think xijinping is quietly withdrawn the so—called no limit relationship between beijing and moscow so for me that is already quite a drift between the positions, on china's position from the beginning of this invasion to after this 12 months.— this 12 months. what then do you think the implications _ this 12 months. what then do you think the implications of - this 12 months. what then do you think the implications of this - think the implications of this conference could be for ukraine and for the west? the conference could be for ukraine and for the west?— for the west? the application really for the west? the application really for ukraine is _ for the west? the application really for ukraine is firstly _ for the west? the application really for ukraine is firstly that _ for the west? the application really for ukraine is firstly that is - for ukraine is firstly that is whether xi jinping will make a shadow phone call with president zelensky. secondly, china simply can't afford to have the collective west against china. so china is also

trying to play this card in here by saying we are extremely keen to resume the relationship with europe. i think china will continue to play the card that the utility of nuclear weapons should not be entertained in this case. i think beijing is going to have a very precarious balancing act to perform here but i think for the moment that beijing's performative neutrality is becoming more difficult as to be untenable. an interesting phrase, a precarious balancing act. clearly you think beijing wants to keep an eye to its relationship with the rest of the world. , , ., , relationship with the rest of the world. ,, . , ,, ., ., ., world. essentially russia and china are two very _ world. essentially russia and china are two very different _ world. essentially russia and china are two very different types - world. essentially russia and china are two very different types of- are two very different types of powers. china exerts international influence by integrating itself into the economic system and russia has done done so through territory conquests. they are different powers

but what bonds them together is that sense of common resentment towards the united states. that does not mean they see the new world order in an eye to eye manner. so i think china will be very careful, but by having xijinping in moscow, i think it's a very rig don't make risky business in this business. thank you very much- — 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. that'll be privileges committee.

i'm joined now by our chief political correspondent nick eardley. it does tell us something about the personality of borisjohnson, does it, that he is issuing this dossier in his defence before he appears before the privileges committee. i think borisjohnson was before the privileges committee. i think boris johnson was afforded the think borisjohnson was afforded the opportunity by the committee to come up opportunity by the committee to come up with a response to a report they did ten days ago when they suggested he should have known the rules were being breached, so it's not totally unheard of for evidence from someone who is appearing before a committee to be published beforehand. but i think it will give us a rough idea of borisjohnson's argument, and importantly that he is going to fight the allegation that he misled parliament pretty vociferously. i think there will be two key parts to his argument. one will be that the advice he got from his aides is that

rules were not broken and we will probably see some whatsapp messages that he think backs up that argument. secondly i think boris johnson will also have some words to say about the fairness of the hearings themselves. there are some of his allies i have spoken to over the weekend who say they don't think it's fair that some of the mps who are sitting on this committee have already suggested that they think borisjohnson already suggested that they think boris johnson misled already suggested that they think borisjohnson misled parliament. there is also an argument about whether the burden of proof that is being applied here is too low, if it is too easy for mps to find boris johnson broke the rules that he has to follow. for example, his lawyer has argued this process would be unlawful if it was in a court. the committee says it's absolutely convinced it is treating this fairly. it has its own legal advice that suggests that what it is doing is correct. but there is no doubt that the evidence when we see it,

maybe later today or first thing tomorrow, will give a good idea of how strongly boris johnson tomorrow, will give a good idea of how strongly borisjohnson is how strongly boris johnson is contesting some of these accusations and also secondly that he is determined to try and clear his name. �* , determined to try and clear his name. �*, , determined to try and clear his name. ,~ ., name. it's absolutely crucial for any future _ name. it's absolutely crucial for any future political _ name. it's absolutely crucial for any future political ambitions i name. it's absolutely crucial for| any future political ambitions he might have. it any future political ambitions he might have-— any future political ambitions he might have. it is, because if this committee _ might have. it is, because if this committee was _ might have. it is, because if this committee was to _ might have. it is, because if this committee was to find _ might have. it is, because if this committee was to find that - might have. it is, because if this committee was to find that he . might have. it is, because if this l committee was to find that he had misled parliament and decide to suspend him from parliament, that would go to a vote of all mps and if they endorsed it it could mean a by—election in borisjohnson's seat, he faces a vote on whether he stays in parliament or not. even the very fact of being found to have misled parliament would be pretty damaging for mrjohnson's future political aspirations. there are a lot of mps in the uk who are convinced he didn't tell the full story, that he must have known that there were parties going on in downing street which would have broken their very

rules that he was appearing on television daily to outline. they are not convinced at all that advice from his aides is a reasonable excuse and i think that will be a big part of the discussion we hear in the hearing on wednesday. ultimately it will be down for that committee, down to that committee, i should say, and down to mps more generally to decide whether they think borisjohnson was concealing the truth or misleading them, knowingly or otherwise, in remarks he made when he was prime minister. it's a really big moment for his future. . ~ it's a really big moment for his future. w' ., , . future. nick eardley, chief olitical future. nick eardley, chief political correspondent, i future. nick eardley, chief- political correspondent, thank you. we're hours away from the release of the most comprehensive assessment yet on climate change. 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 at a meeting in switzerland today. and as our climate editor justin rowlatt has been discovering, in the alps there is already clear evidence of dramatic change.

if you want to experience our future climate, you need to visit the alps. europe's highest railway takes you high into the mountains. the greenhouse gases emitted since the industrial revolution have already raised global temperatures by a little over one degree celsius, but up here, the effects have been much greater. the temperature up here in the alps is rising by about twice the global average — it's already increased by two degrees celsius, and it is having a devastating impact on the snow and the ice up here. near the top of thejungfrau mountain in switzerland is an observatory and weather station. built almost 90 years ago, they've been monitoring the changing alpine climate here for decades. it's even raining in summer up here now. 30 years ago, it was never raining up here — just snow. and there was a humidity,

but now it's raining several days. and that is a big change. that's a big change, yeah. last year, the ice melt hit a new record — the glaciers of the alps lost 6% of their total volume. the very best forecast for the future of alpine glaciers is that we can save about one third of the ice volume. this is the best case. and the worst case, we are going to lose everything. below the dome of the observatory, the biggest glacier in europe — the aletsch — stretches more than 20 kilometres into the valley. just look how it's expected to retreat over the next few decades in that worst—case scenario. it's why dr huss believes un scientists need to send a tough message to the world's politicians. 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. the high alpine landscape appears

eternal — literally frozen in time. but the truth is, 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. exactly 20 years ago today, us forces, with the uk and other allies, invaded iraq in order to oust the dictator saddam hussein. it was part of the us called its "war on terror",

it was part of the us called its 'war on terror�*, begun by president george w bush in the wake of the 9—11 terrorist attack in 2001. our international editor jeremy bowen sat down the americans called the massive air raids with which they opened the war shock and awe. they claimed, wrongly, that this was the way to make the middle east safer for everyone. within weeks they'd removed the iraqi dictator, saddam hussein. another false claim was that he had weapons of mass destruction. the us navy flew president george w bush out to an aircraft carrier where he declared victory. the tyrant has fallen, and iraq is free. cheering. he could not have been more wrong. the americans hadn't worked out how they were going to replace saddam hussein's regime.

in the end they imposed a system that turned sectarian and ethnic groups against each other. in the years of chaos and violence that followed, hundreds of thousands of iraqis were killed. no one knows how many exactly, as armed groups fought each other, fought the americans, and killed each other�*s civilians. much of mosul, and other cities, has been rebuilt. there are bright spots. as for the west, the americans and the british, the invaders, a lot of the world just laughs when they talk about peace or international law, because of what happened here. but what matters most is the effect on the lives of millions of people, notjust in iraq, but across the wider middle east, who suffered and died because of the invasion and its consequences. jeremy bowen, bbc news, mosul.

hejoins us now he joins us now from hejoins us now from baghdad. good to see you. one of the lines from your report, one of the many lines thatjumped out with the idea of regime change. without the plan for what would happen in the immediate aftermath. take us through as you look back on that period, what you think the key consequence of the lack of a plan for what follows have been. �* . ., , ., , been. the americans thought they would be in _ been. the americans thought they would be in and _ been. the americans thought they would be in and out _ been. the americans thought they would be in and out quite - been. the americans thought they would be in and out quite quickly, | would be in and out quite quickly, that they would knock down saddam in there are some who would be a democracy and they can go home. it did not work out that way, they lost control very quickly. there was massive amounts of looting, settling of scores, revenge attacks, and quite quickly and insurgency built up quite quickly and insurgency built up against the americans. the americans did not have a plan, no, but even had they had a better thought out plan, it might not have

worked then either because there was a lot of pent—up anger against the americans and against the british because of the way they had champion sanctions in the 1990s against iraq, against saddam, which we can —— we can timber really hurt the iraqi people, and the consequences of what happened was there was a huge cauldron of violence and these two ideologies were nurtured within it, we are still seeing the consequences. what does it feel like to be in iraq today looking back on that period 20 years ago? today looking back on that period 20 ears a . o? , today looking back on that period 20 ears auo? , ., ' today looking back on that period 20 earsauo? , ., years ago? first off, i went out with some _ years ago? first off, i went out with some young _ years ago? first off, i went out with some young soldiers, - with some young soldiers, paramilitary police, in fact, and thinking back on it, they were very small children, not even born when all this happen, so they have grown up all this happen, so they have grown up knowing not much more than war. i think for a lot of young men the only realjob opportunities involved

carrying a gun for someone and that's not a great way to live. baghdad and the other big cities, i was in mosul as well, they are quite peaceful at the moment and touch wood it will stay that way but it might not because the foundations are not very strong. the ethnic, sectarian splits at the top of the government have encouraged a huge amount of people grabbing their slice of the cake, a massive and prodigious amount of disruption that weakens the thing the state can do. there is so much they do need to do. iraq used to have, and i'm talking about the 80s and early 90s, it used to have... and a lot of people suffer as a result. so while the invasion has influenced the present,

the worry is it might continue to influence the future.— the worry is it might continue to influence the future. jeremy bowen influence the future. jeremy bowen in baghdad. — influence the future. jeremy bowen in baghdad, thank _ influence the future. jeremy bowen in baghdad, thank you. _ influence the future. jeremy bowen in baghdad, thank you. you - influence the future. jeremy bowen in baghdad, thank you. you are - in baghdad, thank you. you are watching bbc news. i am on twitter. it's a week for the spring flowers, some warm sunshine by day, the downpour but some of the wettest conditions by night. all of us will see some rain. this chart shows how rainfall totals will be totting up, darker colours with the wettest conditions for the week in the west. there was a bright patches on the hills in the west, we could see another 75—100 millimetres of rainfall that there has been some wet weather around so far today because of the satellite image, the view from space shows all this cloud pushing its way northwards, so it's a northerly flow, actually from south to north. that brings in the milder weatherfor south to north. that brings in the milder weather for the brightest conditions continue in the far north of scotland with some sunny spells will stop mainland scotland, cloudy this afternoon without picks of rain and drizzle but breaks for a cloud

in northern ireland. with gentle south—westerly winds it will feel pretty warm for a march afternoon with 15 or 16 the high. finishing the day with rain in northern ireland and heavy showers across wales and southern england which will then develop elsewhere into the evening and overnight. we will all see rain at times overnight. some dry moments too with some clear skies out into the west later on. but the main story for many will be that continuing mild theme, 7—10. temperatures to start tomorrow will be a bit higher than you would normally expect by the afternoon in the middle of march. after that speu the middle of march. after that spell of overnight rain ahead of the next one pushing and for later on tuesday and tuesday night, we are in a quieter slot. we will have persistent rain in orkney and shetland on tuesday. heavy and thundery showers in the west, transferring a way eastwards but some avoid showers altogether, sticking with sunny spells. a lot more sunshine around compared with day and more rain towards northern ireland later. 15, 16 degrees possible again even as far north as

eastern parts of scotland. another speu eastern parts of scotland. another spell of overnight rain, tuesday and then into wednesday. that clears through. windier conditions for wednesday with this area of low pressure dominating but it will be back to sunshine and showers. early rain in the south—east, also across the north of scotland, persistent rain that is. and then back to sunshine and showers. showers heavily with wonder and hail but their widespread story with how much more windy it is, not quite as warm as monday or tuesday but still temperatures significantly above average. and then for the rest of the week we continue the milder story, may be something colder in northern scotland this weekend but a few wintry flurries on the hills. take care.

we are still seeing the consequences.

this is bbc news.... the headlines... european banking shares have dropped significantly, as the financial markets react to the emergency takeover of switzerland's second biggest bank, credit suisse. vladimir putin is preparing to welcome chinese president xi jinping to moscow for talks. it's the first visit by china's president since russia invaded ukraine. former uk prime minister borisjohnson submits evidence in his defence — over whether he misled parliament over parties in downing street during covid. the most comprehensive study yet on the the impact of climate change — is due to be released by un scientists. the report will become the benchmark for all discussions by governments on how to respond

to the growing threat. you are watching bbc news. sport and for a full round—up, from the bbc sport centre, here'sjohn watson. morning. it was a0 crazy seconds for fulham. first, their manager, then two players saw red. alexander mitrovic will grab the headlines for his behaviour towrads the referee as they lost 3—1 to manchester united — missing a spot in the semi fianls of the fa cup. and i'm sorry to say it's time to let down those inflatable haddocks, grimsby�*s incredible cup run is over, ended by brighton. joe wilson reports. match officials make decisions. they don't decide how footballers and managers behave. aleksandar mitrovic opened the scoring for fulham against manchester united.

they were still leading when willian blocked this shot with his hand. it took a replay to decide it, but that was a red card for him. mitrovic confronted the referee, achieved nothing except getting himself sent off too. bruno fernandes scored the penalty. now united were playing against nine, immediately scored again. sabitzer. what would fulham's manager do? not much. marco silva was there. yes, after arguing earlier, fulham's manager had been sent off too. three red cards, three reds goals. bruno fernandes finished it. goodness. well, here's a calming glimpse of the brighton coastline. they'd migrated again. grimsby town and the haddocks — inflatable, excitable. it's this sense of occasion which makes and remakes the fa cup's reputation. we're all reminded of its purpose because we can see how much it means to grimsby. in a change, league two grimsby wore salmon pink, premier league brighton in stripes. they keep finding and

developing exciting players. evan ferguson, 18 years old, scored twice — surely a club with trophy potential. it all felt a little bit cruel when the score got to 5—0, but swap the haddock for a seagull, the significance just changes hands. and goal of the day — how about this from tommy doyle for sheffield united to knock out blackburn 3—2? he said it was his best goal ever. and who'd argue? joe wilson, bbc news. well, after pushing the referee, alexander mitrovic could well face a lengthy ban. former premier league winner turned pundit chris sutton has called for a ten game ban, but manager marco silva has appealed for 'fairness' when it comes to the striker�*s punishment. here's how he saw what played out during that manic minute... he was involved into situations in the box _ he was involved into situations in the box but the he was involved into situations in the box but the referee he was involved into situations in the box but the referee did he was involved into situations in the box but the referee did not he was involved into situations in the box but the referee did not care about, _ the box but the referee did not care about, and — the box but the referee did not care about, and we saw the footage of that moment. at least the referee has to— that moment. at least the referee has to go— that moment. at least the referee has to go on the screen to see that, and its—

has to go on the screen to see that, and it's difficult, and the issue at that moment... of course. we have to control— that moment... of course. we have to control the _ that moment... of course. we have to control the emotion of the emotion but sometimes football is not easy and my— but sometimes football is not easy and myjob is to make them understand we should control what we can, that _ understand we should control what we can, that is _ understand we should control what we can, that is our actions and our emotions _ arsenal are on course to win the premier elague title... extending their lead. they beat crystal palace 4—1 yesterday, bukayo saka's excellent season continued with two goals. it means they extend the gap from manchester city, who were in fa cup action this weekend, to eight, although pep guariola's side do have a game in hand. arsenal are next in action on first april, after the international break. the draw for the women's fa cup semis takes place on morning live tomorrow. manchester united will be in the hat after making the last four for the first time in their history. they beat championship side lewes 3—1, nikita parris continuing her record of scoring in every round. the other semi—finalists are holders chelsea, aston villa and brighton. and can anyone catch the red bulls this season?

well, going by lewis hamilton's assessment, perhaps not. the seven—time f1 champion says he's never seen a car as fast. it was drivern to victory by sergio perez yesterday, who won from pole in saudi arabia. teammate max verstappen still finished second, despite starting from 15th. fernando alonso was third, he's having a good season. although the trophy was briefly given to george russell because of a time penalty, but was then rescinded. but two races, two red bull wins. prompting hamilton to make the asssesment, which says a lot about his chances. as well as the six nations being decided this weekend — congratulations to ireland for completing the grand slam by the way — there was also a trophy lifted in domestic rugby union. exeter chiefs beat london irish 24—20 in extra time to win the premiership rugby cup. it's their third domestic cup triumph since promotion to the top flight in 2010.

a couple of tennis lines to bring you. emma raducanu has been drawn against fellow former us open champion bianca andreescu in the first round of the miami open, which will take place tomorrow. meanwhile rafael nadal has just exited the top ten for the first time since april 2005. the 36—year—old has not played since injuring his left leg at the australian open, but is hoping to return on the clay of monte carlo next month. and that's all the sport for now. let's return to the huge fall in share value of the bank credit suisse — its stock fell by more than 60% after markets opened today. this is the first day of trading after switzerland's biggest bank, ubs, agreed to an emergency takeover of credit suisse. the value of banking shares across europe have dropped sharply — including ubs, which fell by more than 14%.

here's danny blanchflower, a professor of economics at dartmouth college, on whether we should be worried there could be a repeat of the financial crisis of 2008. the big deal is that we're going to find out over the next couple of days if it really is like 2008. and the question is, can the authorities stop it? but my suspicion is they're not going to be able to. not least because people are pulling deposits out of these regional banks in the united states and putting them into big banks. so these regional banks are going to tumble one after another, unless the united states actually guarantees all deposits. and so that would just be enormous. so the worry is that this is looking increasingly like 2008, but we're probably going to know by wednesday, i would say, when the fed meets.

i'm joined now by susannah streeter, head of money and markets at hargreaves la nsdown. good to talk to you, thank you for joining us today. the previous report, sounding concerned about the state of the banking sector across the world. the french central bank also talking about a volatile few days. given one would hope that some lessons have been learned from the 2008 financial crash, do you think a crisis of that order is preventable? i don't think we will see a crisis of that order but certainly it is looking pretty concerning. the very fact that actually rescue of mac has failed to release them the loss of confidence in the banking sector, because we still have banking stocks sliding again today. there was some relief in trade but when european

markets opened at the end of asian trade, the situation appeared to deteriorate again on the big worry is that we simply don't know where the next problem is going to pop up. we are hearing the bondholders, risky bondholders, so—called additional tier of bondholders to credit suisse, they are saying their holdings have effectively been wiped out as part of that deal and that has led to fresh instability because there are worries that perhaps there could be other institutions holding other banks, riskier bonds that may see their portfolios drop in value, and already, remember the reason why silicon valley bank got into so much trouble was because of the fact that its bond holding values fell dramatically because interest rates went up, and they really could not cover all of the deposits that were being pulled by the banking sector. i don't think we are going to see a

real problem like we saw in the uk. the bank of england has moved to say the uk banking system is safe and sound, much bigger capital cushions, but the problem is we don't know where the next problem are going to emerge elsewhere in the banking sector that could then have a knock—on effect. it! sector that could then have a knock-on effect.— sector that could then have a knock-on effect. i'd like to focus on what this _ knock-on effect. i'd like to focus on what this means _ knock-on effect. i'd like to focus on what this means for - knock-on effect. i'd like to focus on what this means for ordinary| on what this means for ordinary people who may not be used to hearing this sort of banking terminology all the time, now we have this huge focus because of what's happened to banks in the us, two to now. for the average person who may have a mortgage, who may want to get a mortgage has savings alone is, what does all this mean? first of all, if you have savings in an account with a bank that has a banking licence, up to £85,000 per account is guaranteed by the compensation scheme forjoint compensation scheme for joint accounts

compensation scheme forjoint accounts up to 170,000. they have to ensure that bank with lots of brands they don't have accounts just in that brand, if you have more than in banks with separate banking licences. when it comes to mortgages, what the warriors now, because of all this volatility and the fact that nerves have been racked and banks may be forced to retain more of their capital to shore up defences, they will be averse to lending. they will not want to lend out so much money and that could have an effect, you want to get a mortgage, you might not see quite so many good deals available, and for those people who are considered more risky to lend to comedy find it harder to get a mortgage and companies may also find it harder to get loans, and that is the risk to the wider economy, the actually we will see a greater slowdown, that has been reflected in the... it is back down at levels we have not seen since december 2021,

reflecting concerns about the knock—on effect for the global economy. knock-on effect for the global economy-— knock-on effect for the global econom. ., ., economy. lots to watch over the next few da s. economy. lots to watch over the next few days- thank _ economy. lots to watch over the next few days. thank you _ economy. lots to watch over the next few days. thank you very _ economy. lots to watch over the next few days. thank you very much - economy. lots to watch over the next few days. thank you very much for. few days. thank you very much for that. as we heard earlier, exactly 20 years ago today, us forces, with the uk and other allies, invaded iraq in order to oust the dictator saddam hussein. it was part of the us called its 'war on terror�*, begun by president george w bush in the wake of the 9—11 terrorist attack in 2001. our international editor jeremy bowen has been speaking with haider al—abadi, prime minister of iraq between 2014 and 18. take a listen. the invasion by the americans, by the british and others, exactly 20 years ago, what went wrong? i think many things went wrong. i mean, the planning for the war was intelligent in my mind, in my opinion, because it was performed very quick,

very quick results. but nobody has planned properly for the day after. they thought it is easy. i remember one of the arguments was before the war, they are going to use the top tier of the leadership and will leave everything else in place. we told them, well, look, saddam is running iraq like a mafia. the whole thing will collapse. what were the consequences of the invasion for iraqis? yeah, well, it's drastic. bloody. that doesn't mean to say we loved for saddam hussein to stay. i mean, that was even more catastrophic. but i think there was a huge opening in 2003. but i think there is a level of mismanagement, of discrepancies, of not knowing the nature of iraq, the nature of people, of not knowing the whole area as well. we've talked a lot about what's happened in the last 20 years

since the invasion. predictions, next five years, what are the biggest challenges iraq faces? it is economical. oil prices are not going to stay high. there's a lot of speculation, but everybody is saying it's not the world of oil in the next ten years. 0k? i am not sure about this year or the year after, but we know oil is not a commodity which the world will value in the medium and short term. so i think we are relying on oil too much. our public sector, a lot of employment relying on the oil. what about the place of violence in society? the fact that the the militias that grew up to fight islamic state now have political representation at the heart of government. is that a problem? it can be, but it can be a bonus as well, because this is their state. now they have to defend it.

see, that's why you have to rein them within the framework of the state. but that doesn't mean to fight them. it's two different things. they are not enemies. they felt they've been given a lot of sacrifices, but people told them, well, thank you very much, go home. but now they're in the government. well, i mean, they are iraqis and they have the right, i think, to be within the political process. we should encourage them. well, look, you want to be politicians, leave the arms to the state. they're calling up their friends in iran and saying, what should we do next? well, that's very unacceptable, i think. iraqis... but do you think that happens? well, people of interest, they do anything. i think when people commit treason, what does that mean? i mean, usually under the guise of ideology or religion, but it is treason. i mean, you are harming your own people. you shouldn't do that. i mean, no religion in its own right calls for that.

almost 400 hotels across the uk are being used by the government to house tens—of—thousands of asylum seekers. seaside resorts, airports and even retirement villages are among the locations being used, as part of a home office scheme which is costing more than six—million—pounds every day. our home affairs correspondent daniel sandford has more. welcome to the wiltshire — a hotel, golf course and retirement village set in rolling hills near royal wootton bassett, home to more than 100 mostly older residents. now also home to more than 80 asylum—seekers, who moved in in december. the leisure village residents pay to access the hotel's pool, gym and golf course, but have had to enter by the back door since the asylum—seekers moved in. down in the village, i found resident and former tv presenter christopher morris — now 84 years old and quietly fuming. we find it difficult now to access the facilities. we can't go in the front door — it's locked.

there are security men shooing us away. we have to go round the back. and the facilities are much more reduced, people don't bother to go there any more. the retired residents are unnerved by the arrival of lots of young men who mill around at night, but they're not the only ones who say the hotel is completely unsuitable for asylum—seekers. i found this 25—year—old from sudan heading to catch a bus to swindon. he's been in the hotel for three months, and says its isolated location means there's no way of learning about british society. there's nothing to do here. nothing. we stay the whole day at the room doing nothing. what do you do? nothing. nothing, actually. we started getting depressed. i've been talking with them to see some therapist. the home office has rented hundreds of hotels to house tens of thousands of asylum—seekers, but few can be as strangely located as this — wedged

as it is between a retirement village and a golf course. to provide beds for more than 51,000 asylum—seekers — and rising — the home office has booked out hotels in seaside resorts and cities, in villages and the countryside, at airports and on golf courses — anywhere they can find willing hotel owners. there are 395 hotels in all — 363 in england and 20 in northern ireland — but far fewer in the other two nations — ten in scotland and only two in wales. the leicestershire village of kegworth is one of the latest places to have the local hotel's business model changed overnight to housing asylum—seekers. yew tree lodge was the local wedding venue, swimming pool and gym — as well as bringing in business from the nearby east midlands airport. but that all changed last month. fredricka reynolds used to do all the flowers for the weddings, but in an instant, that key part of her business was snatched away.

they rang me on the thursday before the asylum—seekers came on the monday, and cancelled all my weddings for the foreseeable. that's a huge amount of work and income to me. and she told me it's notjust the loss of thousands of pounds. me and my boys used to go swimming every saturday there. i've got two little ones and every time we drive past there, they want to go swimming and, unfortunately, that's closed now. because of the small boats crossing the channel, the number of asylum—seekers in hotels has gone from 3,000 to 51,000 in just three years. it's the government policy that almost no—one is in favour of — not even the government — and it's costing the taxpayer £6 million a day. daniel sandford, bbc news, kegworth. the twin sister of a woman shot dead by her partner is to meet with home office ministers to discuss changes to gun licensing laws in the uk. kelly fitzgibbons was shot

dead in march 2020, along with her two daughters, ava and lexi. her partner rob needham lied about treatment for depression on his shotgun application to sussex police in 2016. three years ago, kelly fitzgibbons was shot dead by her partner, rob needham — along with their two daughters, ava and lexi. the trauma of losing kelly, of losing the girls, of not having them as part of your life...is difficult enough. but knowing how they've died and what they went through, and how they're...you know — the girls were two and four — and how their short lives havejust been ended at the hands of their father. rob had a valid gun licence, but afterwards it was revealed police knew he'd lied about drug use and mental—health episodes when it was granted. emma believes that cost three lives.

today, she's meeting with the home office to voice her concerns over licensing. the frequency of reviews — they're only every five years, they should be annually. they need to increase the cost and the gun licensee needs to cover that. i think they need to not give gun licences to people that lie, and i think they shouldn't give gun licences to people that have reoccurring mental health or depressive episodes. it comes as a report in the wake of a shooting in plymouth has recommended urgent changes to gun control. 22—year—old jake davison killed five people — an inquest found there had been catastrophic errors by police when it came to vetting him. in the prevention of future deaths report, coroner ian arrow said there had been an abject failure to adequately train police officers and staff involved in firearms licensing decisions, that root—and—branch reform of firearms legislation is needed, and that current gun laws are at odds with public safety, and future deaths could occur unless action is taken. the shooting devastated

the community of keyham. local mp luke pollard says things must change. i think people are slipping through the cracks because the cracks in the system are now so big. our gun laws are out of date — most of that legislation stems from 1968. the changes have been haphazard and ad hoc since then, and i'm afraid we're not having a proper assessment of people's suitability. the home secretary, policing minister and chief constables across england and wales now have until the beginning of may to respond to these inquest findings. the home office says it has already taken steps to tighten firearms licensing — including social—media checks and sharing of gp information. but campaigners say the government must go further, faster. kathryn stanczyszyn, bbc news. the french government will face a no—confidence vote later — after president macron used controversial executive powers to raise the state pension age from 62 to 64. the government says the changes are needed to avoid crippling

deficits in the coming decades linked to france's ageing population. but opponents say the law places an unfair burden on low earners, women and people doing physically intensive jobs. more demonstrations in several french towns continued over the weekend. another day of anger in the streets of paris. french people have been protesting for months against a government plan to raise the pension age from 62 to 64. but in the last few days, things have escalated. there is outrage at president macron. he's invoked controversial executive powers to force through his reform

without a vote, essentially bypassing parliament. an outrage turning to violence in many cities across france. more than 160 people were arrested on sunday. and today the french government will face a no confidence vote. but the vote is unlikely to pass, as it would require a united front across the political spectrum, which means that mr macron's pension legislation is likely to be adopted today. it's a deeply unpopular reform which has led to months of strikes, including garbage collectors in paris. this is what the streets of the french capital look like now. more than 10,000 tonnes of rubbish piling up and left to rot. translation: the situation is catastrophic for the residents,

for the tourists, for the whole of paris, the most beautiful city in the world. rats during the day, endless rubbish bins. it's very, very dirty work. translation: and for the food, it's not the rubbish collectors fault. it's macron's fault. if he had let parliament vote a vote, which he must have thought he'd lose, we would be back at work and we wouldn't still be striking today. it's in no doubt that president macron is facing one of his biggest challenges. just less than a year into his second mandate. and with more crippling strikes to come, police are bracing for another week of anger and protests. to celebrate the coronation of king charles, 1500 charities in britain will be offering people the chance to volunteer during the bank holiday weekend in may. our royal correspondent, sarah campbell has been to visit one of them — and has more on what's being called the 'the big help out�*.

across the uk, there is an army of volunteers, giving up theirtime and sharing their talents and expertise to the benefit of all. i'mjane. i've been involved in scouting for 23 years now. it's the satisfaction element, i think, of seeing them enjoy themselves and being part of it. it's like being one part of a big family really. my name is ian. i've been volunteering at london zoo for nearly seven years. my background, i was a public sector accountant, so something completely different to what i'm doing here. and it's just wonderful to get such new experiences, meet many new people, make many hundreds of new friends. i'm priti, and i volunteer- for the royal voluntary service. i've been volunteering _ because i love being around people. it gives me a sense _ of belonging to the community and it makes me happy. at the last count, there were seven million people in england alone, who volunteered at least once a month. sounds a lot, but that's about

a third down on pre—pandemic levels. and it's at a time when the most vulnerable really need the support volunteers so generously give. this charity, little village, provides free toys, clothes and baby equipment. we're expecting to support 2,000 more children this year than we did last year. and, for us to be able to do that, we need to have volunteers on sites to be able to help. so come and help. and that's the idea behind the big help out — a national day of volunteering planned as part of the coronation weekend in may. download the app — the big help out app. find those opportunities, find out what your passion is and how you can make a difference to your community and then select the opportunity that's right for you. and although it's about may 8th initially, what you really want is people to discover it, love it, carry on volunteering. that's right. it's more than one day. take care, honey. there will be thousands of charities and organisations

looking for new helpers. lots of sex in the city again. oh, excellent. people like husband and wife team carol and andy, who spend a few hours a week in their local age uk shop. it's good fun. then we have a laugh and a giggle about the things that have gone in the shop today. we enjoy it. we like each other's company and that's good fun for us. keeps us young. this is suzanne. she spends her evenings rescuing wildlife as an rspca volunteer. my normal dayjob, it's very much sat down. it's very much behind a desk. so it's something that's that real hands on helping animals. and they're really rewarding for seeing the difference that you're making. it is a simple message — get involved over the coronation weekend however you can and find out where your help might be needed using the new app. let's get the weather

now with matt taylor. fairly mild out there for the vast majority. we have sunny spells to take us through the afternoon. scotland seeing much more cloud through the day with outbreaks of rain and drizzle, will turn white again to the west and northern ireland after a bright spell, north and east midlands and northern england must sunny breaks just about appealing, we could hit 15—16. england must sunny breaks just about appealing, we could hit 15—16 . that will lead us into a very mild night. outbreaks of rain will come and go in all parts of the country, a bit breezy tonight and last night, but temperatures will not drop much, 7-10 c temperatures will not drop much, 7—10 c as we start tuesday. for tuesday, it's going to be a different day, more of us will see some sunshine, the exception being orkney and shetland to begin work on persistent rain here, sunshine and showers for many, west initially, pushing eastward, some heavy and thundery and we finished the day with more rain in northern ireland and what will be another very mild

day. this is bbc news broadcasting in the uk and around the globe. i'm annita mcveigh. our top stories... european banking shares have dropped significantly, as the financial markets react to the emergency takeover of switzerland's second biggest bank, credit suisse. vladimir putin is preparing to welcome chinese president xi jinping to moscow for talks. it's the first visit by china's president since russia invaded ukraine. former uk prime minister borisjohnson submits evidence in his defence over whether he misled parliament over parties in downing street during covid. the most comprehensive study yet on the the impact of climate change is about to be released by un scientists after eight yea rs of research.

the temperature up here in the alps is rising