ah ah ah ah ah, business news alive from berlin sold for more than $2000000000.00. swiss bank u b. s a class, it's rival credit suisse in a deal supported by the countries central bank are designed to have as a potential banking prices, will bring you some analysis. also coming out and puts in visits occupied mario

bowl. the kremlin hospitalized image is up here in to show, put in, in the ukranian city, which russian force is captured in may. this comes out on arrest wire engines issued against the russian leda alleged war crimes committed in occupied ukraine. meanwhile, moscow prepared to beat. she jump in with his state visit, just hours away, western the that school today jane will put pressure on put into and the innovation chinese president has the piece plan back it poll short of weston expectations. ah, i am eddie micah junior. welcome to the program with the lens, vegas bank u b. s. has reached a deal to to go buy it some bottled, rival credit suisse credits with, i should say for more than $2000000000.00. the takeover comes, i'm it fears that an ongoing bank in crisis could to stay below is

a global financial system. with the land is preparing emergency measures to fast track, the takeover and dubious will receive acquitted assistance from the state. the tomo was on least by the collapse of 2 banks in the us. cbs the funding of your business just now in this to you. hello, steven. i mean, so, over $2000000000.00 take of us with the one second largest bank. how big a deal is this? a huge deal. this is one of the 30 largest banks in the world. the urgency with which this was done really stands out. this is what we understand. or we understand more than $2000000000.00 of the deal. t v comparison, the market capitalization that is the total value of all the shares of credit suisse. on fridays, it close was $8000000000.00. so shareholders going to take a huge loss on this, but they won't get up say, and it's because part of the deal means that shareholders won't get to vote on the deal. and so the 2 boards are for the banks have voted on the dealer will vote on the deal. and again, that shows you the urgency here. also this 100000000000 dollar credit line that is

made available by the swiss national governments was national bank that shows you that they want to help you swallow this monster and to do it in switzerland. that is, the big thing here is that this bank is disassembled in that country because it's also about jobs, not just about the global contagion before switzerland itself. it's about valuable assets, but also jobs more than $16000.00 in that country. so this was a bit of a shotgun wedding. it's been a bit of a shock for everyone. and we're so trying to understand what it means. yeah, it all. definitely. we're still trying to get this, but it, there were a lot of fears of a possible financial crisis like what happened in 2008. now that this do seems of going to is, are those fears late now? well, it's hard to really know, 2008 was a different story in many ways that was about utterly worthless assets and the great facade that were leverage off of them. and so when those underlying assets are worthless, we're kicked out. everything collapsed. there's no, we're not talking about worthless assets here in many cases. we look at s b,

b silicon valley bank. for example. we'll take this off. these were based on treasury bills that lost some of their value. this is really psychological. what we're seeing is that once the depositors have heard that they, that, that these, so losing their running and taking their deposits out. and others fearing a bank run and going and doing the same thing. and it's something that you or i might do as well. if we're not sure we get our money back, even if we believe the underlying value of the bank, the fundamentals are ok. we might also want to pull our assets out in fear of a bank run. so it's so psychological, we don't really know what to say about the what effect is going to have on the market. this is one of the world's 30 largest bank. this is probably going to keep going for a while, at least it's going to be a shock, i would say for the system to digest. and it's unclear how officials going to handle this. it's a good idea to make comments the bought, not make comments. how do you reassure a very jewelry market? that's the question that comes out of this is interesting from what you say. so it sounds like good news, but still not really sets. and if is going on, is that the governments are willing to act so fast. the regulators are willing to

act so fast and you can see the lessons of 2008 built in to that. they're not going to sit around. they're not going away. they're going to try and, and reassuring messages. but ultimately, when some deposits are not insured, and they believe that there could be a bank run even if they believe that everything with the bank is early fine. but they believe that there could be a bank run. they may go and be a part of it. it's a self fulfilling prophecy. how do you stop that? that's the big question. so any sort of bank that is shown weakness over the past year of the past few months. in the next few days, there's going to be a concern that it might kick off something similar. so there's going to be a lot of messaging around this to try and reassure, reassure, reassure, ok, we'll have to wait and see how things goes to invest. the funded of your business. thank you. you. a russian president vladimir putin has made one the kremlin calls, the spontaneous visit to occupy my vehicle. exiled authorities from the ukrainian city have condemned the trip, which came hours after another unannounced off in crimea, which russia illegally annexed in 2014. the visits come after on arrest. warrant

was issued by the international criminal court on friday, accusing vladimir putin of war crimes. with them during the unannounced trip build as a working visit by the kremlin, the russian leader travelled by car driving himself to several districts in mariel, pull, chatting with people outside and visiting them in newly built homes. from which he also received updates about reconstruction works in and around the heavily destroyed city. with before returning to russia to meet with his top military commander, the port city of mario pole had been home to some 450000 people before the russian siege. much of the strategically important city now lays in ruins, including its drama theatre, which was hit by a russian air strike almost exactly one year ago,

killing hundreds of people. many of them children who had been sheltering inside. it's also home to the as of style steel works, which became emblematic during the siege of mario pool, a last pocket of ukrainian resistance that culminated in the surrender of the ukrainian soldiers. this is the 1st time putin is believed to have set foot in the russian occupied ukrainian mainland since moscow's full scale invasion last year. it comes a day after we made an unexpected trip to crimea, to mark the 9th anniversary of the black sea peninsulas annexation from ukraine. a mo, most of the world has denounced as a legal insur, vast of all the largest city in crimea. gimme your pollutants visited, an art school and a children's center. hours after the international criminal court issued an arrest warrant accusing him of bearing personal responsibility for the abduction and unlawful deportation of thousands of children from occupied areas of ukraine to

russia. sunny's residency agency is set to begin a state visit to moscow on monday. it's an apparent show of support for russian president vladimir putin as his walk ins. ukraine struggles to achieve its objectives. china has put forward its own peace plan, but it has disappointed it. can lead us by feeling to condemn russia's aggression for more and as i am joined by melina cordova, she's the founder of the geopolitical consulting company, face, and is a former director of the austrian institute for european and security policy in vienna. mr. about thanks for your time. what can we expect from that sees visit to moscow? hello, and thank you for the invitation. well, this is the 1st visit of sitting being after he actually solidified his position in the highest excellence of power, sol. it's obviously about the messaging and it's obvious also that said the

symbolism here is very, very strong. but let's talk about that you political site, and that is that china steel wants to avoid a tree fronts scenario from happening. that means that a seizure being sees herself in a critical face of military escalation in the strait of ny one and also in a face of ongoing patients along the line of actual controlled wheat india. and that means that he wants to prevent any security vacuum in the north of for his border sir, that is so 2400 kilometers long border with russia. i sold the message is clear of these, closed or talks will be a lot about defense technological corporation. next to the other critical fields such as energy, commodities, i re coach your trade in economy. and here i argue we will see if even if not avert a support further, ongoing support coming from china for moscow. and that means that this will be the

main lifeline of for moscow in this war. yeah, it's also been reported. dr. presidency wants to speak to ukrainian president polanski after his meeting with fulton. what should we expect from that? oil obviously keeps understands very well that china easter, one of the few countries that can exercise influence on russian positions and a qu, to actually talk her to moscow directly. so in a sense, i think it's very important that this call is taking place. ah, will you have a lot of technical issues that need to be also discussed her, even though that right now there is no relaunch of negotiations between ukraine and to russia. here we talk about concrete topics such as a grain exports. and we talk also about topics such as exchange of prisoners of war,

ensuring also him in korean corridors. and china can also communicate some of her moscow's positions. sir, after the director meeting between susan being and ah, angle, you, me put in. so in a sense, this is so i think are important step of for ukraine, but also of course, we know for sure for a fact that a china wants to present itself as a mediator and is a rational or, you know, player in the international arena. ok, i mean, you say it's important or on that many western leaders asked a worry of a chinese brookwood. she still, why should it matter? who broke us peace? well, he met, there's a lot because right now china come sweeter, huge diplomatic boost a to moscow e test mediated there. iranian a saudi deal, of course, not without a russian help, by the way, us, as we know that the geopolitical rapprochement between you run in a rush is very,

very strong. and here, once again, of course, china wants to present itself as these, sir, you know, critical player in the international relations is one that is able to a well draft a piece plan, a stable to communicate directly to the aggressor in this war. and at the very same time can you can reach out to, to ukraine. so in the sand. so, oh, what it is really about is that and why i think that china somehow intensified the visit to originally it was planned to take place in april. he said china really wants to capitalize on discipline matic boost and it lee see she had some kind of a beginning of negotiation process. felina soccer over. thanks a lot for your time. thank you very much. there's more news making headlines around the world s look at some of them the office of for my time when he's president at my in juice as he will vis a china. this model will be the 1st on the current or former entire when he's

leader hospice. of china as the start of communist, woburn in 1949 china denies. i once independent status, i started police up charged for my prime minister in run can on several of his aides with terrorism is support as allegedly attacked security forces outside the court in islamabad on saturday, lee said more than 50 officers were injured and a police checkpoint and several cars where torched, dozens of cancer supporters were arrested a powerful ad quick. it's south in ecuador and not in peru on saturday, killing at least 15 people and leave in about 350 injured. there were destroyed buildings crossed vehicles, and debris seen in the streets of several cities. ah, this was the moment when an ordinary trip to the supermarket turned into panic for the residence of guy, a kill with people fleeing outside to safety. the earthquake,

which had a magnitude of $6.00 boat dam buildings from the coast to the undoing highlands. most of the destroyed homes housed the poor, were old and didn't meet building standards in a country prone to earthquakes. in the small coastal town of ports of oliver residents mourned the loss of life and the material damage. i like one. unfortunately, my neighbor's house fell and his family was crushed in a flooded house. he lost 5 family members forwarded. we are poor, humble people who build our houses with our sweat. we have it here. thanks to god. look at the misfortune has befallen us today. and what's the bolivar? the quake also destroyed a peer leading to the marine museum, which is now partially submerged. the earthquake was followed by several minor after shock, so the u. s. national weather service said there is no risk of soon armies. for now, emergency services are focusing on finding those who may still be trapped under rubble. and the long and arduous task of rebuilding affected communities as

a reminder of our top story. so it's allowed vegas bag u. b. s. is to take over at them bottled rival credits with the price of more than $2000000000.00. the move aims to calm the sector. i'm it vs that an ongoing banking crisis quote to stabilize the global financial assistance. and you are up to date next up. don't fall for those 3 men risking arrested to seek vailable stones in the south africa. does mon use at a tow for the odd to stay with them or flying rivers formed by hey waterfalls. perspiring trees or c evaporation during forest fires.