wants the steel to go forward because they have their foot on the gas pedal here, it's likely that u b. s will get a better deal than not. but there probably will also be pushback from credit suisse on the terms of the steel. so we don't know a whole lot. we just know that yes is pushing hard for deal. that's obviously very much in favor. stephen, how likely is a new financial crisis like 2009 a year that you mentioned earlier venting to our memories. something that no one can really say, but obviously when we look at the actions of regulators, look at the actions of a deposit here. we see a lot of fears that are built around 2008. we know that in 2008, the system really collapsed based on some products that were untenable. these kinds of assets that in the ends weren't really there. that was these mortgage backed securities where they couldn't actually be fulfilled at the end of the day. the more just couldn't be fulfilled. and they had an entire edifice entire structure of other loans and assets that were built off of them once that bond got kicked out an entire system collapsed there. we've

u. b. s will receive liquidity assistance from state. the turmoil was unleashed by the collapse of 2 banks in the us. the responsibilities here, switzerland, president alon burst, say, speaking as the deal was announced, the liquidity outflows and markets volatility shows that it was no longer possible to restore the necessary confidence. and the swift and stabilizing solution was absolutely necessary. and the solution is the takeover of crazy stories by u. b. s. it is supported by the for the rise until following several meetings with the states national bank. we've our regulator or the fema with credit series and you'll be us and pretty wide account. she welcomes the stakeholder and is supporting it by guaranteeing the framework conditions necessary for its success. steven beardsley from d. w a business is here to break this down for us safe, forced takeover of switch. one second biggest bang come power investors reacting? was he mentioned really already many european banks are taking it on the chin right now. we've seen the u. b. s. w

u. b. s. will receive liquidity assistance from the swift state. the tomo was unleashed by the collapse of 2 u. s. banks. the humbling end of the banking icon. the swiss government hastily forced through the takeover of credit suisse by rival u. v. s. at well below market value. switzerland is fearful that a failure to protect depositors could lead to a global banking crisis. the bankruptcy of a global systematically important bank would have cost irreparable economic term oil in switzerland and throughout the world. the federal counselors convinced that u b. s. takeover of credit suisse has laid the foundations for greater stability, both in switzerland and internationally. switzerland 2nd largest bank had been in trouble for some time, suffering scoundrels, public legal battles, and mounting losses. these longstanding vulnerabilities were brought to the surface by the collapse of silicon valley bank and signature bank in the u. s. highlighting just how panicked investors are. there is hope that the financial problems were unique to credit suisse a

u. b. s. will receive liquidity, assistance from the state of turmoil, was unleashed by the class of 2 bags in the us. here's the swiss president, alamba say speaking as the deal was announced, the liquid at the outflows, and market volatility shows that it was no longer possible to restore the necessary confidence. and that the swift and stabilizing solution was absolutely necessary. and the solution is a takeover of credit histories by u. b. s. it is supported by the for the rights on sil following several meetings with the c national bank. we've our regulator, the fema with crazy stories, and you'll be us and pretty much can't see, welcomes the stakeholder and is supporting it by guaranteeing the framework conditions necessary for its success. steven beardsley from the w business is with us now in the studio. steve, a forced takeover of switzerland, 2nd biggest bank. how our investors reacting? yeah, we've seen today that investors, i've been trying to find their footing for the most part, looki

u. b. s will remain rock solid. now the importance of that is to try and reassure investors. cornelia maya is an economist based in the swift capital. she says the deal is the best possible scenario. well, i think it was the absolutely necessary and it was the best off of very few solutions. so i deal solution, but it's the least fast solution. you know, the other solutions would, would have been to let the bank grow box, which have a huge ramifications both in the global financial system and in the swiss economy as a whole lot of the financial sector and, or to say, or to nationalize the bank. so this was the most elegant and the least solution. what i hope it will stem that at least the, the confidence in the lease, you'll be asked to flip them. but you know what we're seeing on the, on the other side of the atlantic in the us, the client that there are quite a bit of rumblings, but the disciplined him made sure. because if you look at the u. k, the suite, they will well capitalized and on pill. so many of the fau

u. b. s will remain rock solid. now, the importance of that is to try and reassure investors. a russian president vladimir putin has welcomed what he calls china's constructive role in trying to end the war in ukraine. chinese president shooting thing will had the russia later on monday for today visit. she called his country's friendship with russia an all encompassing partnership. katrina, you reports from vision. she didn't being has visited russia any time since becoming chinese president. his most recent trip was in june 2019 during an economic forum. c will travel there again this week in what's expected to be a major show of chinese support from oscar as it continues its invasion of ukraine towards utah with china and russia working together. the world will have the driving force toward multiple levity and the greater democracy in international relations and a global strategic balance, and the stability will be better ensured the visit comes as china seeks to expand its role as a global leader and mediator. earlier this month, it broke it a deal to and 7 years of strain

u. b. s will remain rock solid. now, the importance of that is to try and reassure investors. well, going to racism. just one of switzerland's largest banks is also classified as a globally systemically important bank, but the financial stability board managers around $1.00 trillion dollars around the world. it's profit dropped significate in 2022, falling nearly $8000000000.00 after losing $2000000000.00 in 2021. it shares have in his shop decline since 2021. they've now lost or was 90 percent of the value in the past 5 years. investors took the money elsewhere last week when the banks mean shareholder refused to offer financial help. and after that, even a $54000000000.00 lifeline from switzerland central bank couldn't stem pessimism that has left the buyout solution. once you b. s. acquire credit suisse. it'll have access to more than 5 trillion dollars in assets. can him as an economist, based in the swift capital and she calls the deal the least bad option. well, i think it was the absolutely necessary and it was the best off of very few solutions that i deal solution. bu

u. b. s will remain rock solid. now the importance of that is to try and reassure investors are cornelia maya is an economist. you joined us from been in switzerland . thank you very much for being on al jazeera. how necessary do you think this deal was? well, i think it was absolutely necessary and it was the best of very few solutions that i deal solution, but it's the least best solution. um, you know, the other solution would have been to let the bank go box, which have a huge ramifications both in the global financial system and in the slits economy as a whole lot of the financial sector and or the state ought to nationalize the bank . so this was the most elegant, and the least solution. do you think it's going to quell the, the turmoil, steam, the global crisis of confidence in the banking sector? what i hope it will stem that at least the, the confidence in the lease, you'll be asked for the foot system. but you know what we're seeing on the, on the other side of the atlantic in the us this, there is quite,

u. b. s will remain rock solid. now, the importance of that is to try and reassure investors. ah, just a day of the international criminal court issue, an arrest warrant for him. russia's present redeemer prisoners made a surprise visit to the russian occupied city of mary paul and ukraine. since the city in the dunny, as creature was annexed by moscow last may, after being reduced to ruins in the 1st months of russia's invasion, state television and footage of fusion driving himself around several districts of the devastated city. late on saturday, though no damage was shown, visited a playground where he was briefed on reconstruction efforts by his deputy prime minister. lucian was also seen leasing, re housed residence and asking them if they like their new neighborhood. and he was shown restoration work, a university and a theater. that comes a year after hundreds of people were killed in the bombing of another feature in mary apple, where families have been sheltering. despite the word, children being written in chalk in russian, in front of the building, ukrainian offici

u. b. s. will remain rock solid. now, the importance of that is to try and reassure investors. well, credit suisse is not just one of the switzerland's largest banks is also classified as a globally systemically. important binds, but the financial stability board and managers around $1.00 trillion dollars around the world. but it's profits tanked mass in 2022. dropping almost $8000000000.00. after losing 2000000000 in 2021. it shares have been on a sharp decline since 2021. did no last, almost 90 percent of their value in the past 5 years. investors took the money elsewhere when the banks mean shareholder refuse to offer financial help last week . after that, even of $54000000000.00 lifeline from the swiss national bank couldn't stand the pessimism which brings us to the buyout solution. once you b s. a choirs credit suisse is going to have access to over 5 trillion dollars in assets. canadian mares and economist based in the swiss capital and she says the deal is the best possible scenario. well, i think it was the absolutely necessary and it was the best of, of very few solut

u b. s. switzerland biggest bank will take over credit suisse slash speak to francis coppola about this. she is a commentator, an economist and is joining us from kent in the u. k. thank you so much for, for being with us. what do you make 1st of this announcement to day by our, the swiss authorities that u. b. s will be taking over credit suisse. was this expected? i think it was. and indeed, i think something like this has been on the cards for a few months now. really, since credit has gotten difficulties loft also i'm it's, it's been suffering out flows of deposits for really my some months now. and so it was difficult to see how it could be resolved in any way that didn't hold some kind of take over. explain to us why credit suisse got in trouble in the 1st place. why is switzerland's biggest bang 2nd biggest bank in fact being rescued today? what happened? well, as a really, i mean, credit suisse is problems go back a some years. it's got evolved in all manner of, of deals that it shouldn't be done. you know, like mozambique chin a bombs and it lost a lot of money when go white arti

u. b. s will do its best. and the key thing is if you, the s is able to get a grip of the situation in credit suisse and bring credit suisse up to the standard that u. b. s. is operating at the fundamental problem that credit suisse had versus u. b. s. is that u b s was really badly hit in the financial crisis and it learn the lessons. it learn the lessons around. you can't go for making money at any cost. you have to have integrity, you have to have good risk management. credit suisse did not learn those lessons, and that's why since the financial crisis, credit suisse has got itself into this position. so the challenge for you, yes, is to ensure that any parts of credit suisse, which effectively enter the u. b. s. system have to be brought up to the u. the s standard for the customer. it's all about confidence in the bank and confidence for the bank customer be corporate, or the general public. i mean, do you think this buy out in general terms will settle the markets in switzerland because at the moment the

u. b. s will remain rock solid. now the importance of that is to try and reassure investors over making price as an economist and for the u. k. government economic visor as she joined us now via skype. will this emergency deal stem a global crisis of confidence? do you think? i think it suddenly is going to pacify some of the concerns of the markets. have fed a window to see how the market's open tomorrow morning, of course. and he was really important for the space to do this deal as quickly as possible to day before and or the markets can react really. and we'll see whether they're satisfied with that deal. and it does seem to be a good solution or because certainly at the end of the week that just passed, it looked pretty unlikely that we were going to be getting out of this program without, you know, a lot of losses, perhaps being born by quite a lot of people and of course the shareholders probably will have done will have losses as a result of this. but at least what it means is that deposits are suddenly goin

u b s. as a former c e o says you will return to lead the controversial takeover of trouble domestic violence. police and marty is credited with restoring u. b. s. reputation. following the 2008 financial crisis which he takes over in april the european union has agreed to allow retaliation against countries, but put onto economic pressure on block members to change their policies. the anti coercion instrument comes in response to china's trade restrictions on this widia after vilnius allowed to want set up a defacto embassy. their private chests are most often associated with lavish lifestyles. the machines used to ferry their owners to the laces high suffice event on the other side of the world. but that's not always the case. in our next report, we'll meet a millionaire who's put his aircraft to a very different use. the lights of fishing boats, not just a few vessels but a whole fleet. at thea, off the coast of argentina, the orland, emilio, we flew over this fleet for 30 minutes. let me know i must. and they were ever more lights that had been finished. it just wouldn't stop so lovely or

about top story was announced, biggest bank u b s is set to take will buy. it's a bottle of rival credit suisse or the prize of more than $3000000000.00. moving to com, the sector, mid vs that are ongoing banking crisis, go to stabilize the global financial system. and that's all we have for you for now. next up reports i looks at why in a poll has won the west as safety records in the world. don't forget there's also more news on our website. i. d, w dot com and our social media channels. i'll handle that d. w. news. i am eddie micah junior. thanks. no for your time. with every journey is full of surprises. we've gone all out to give you some tips one day in the footsteps of the right people. i'm in your northernmost count, please. ah, for a time one, still very much alive, dw channels, your guy to the special with recognizes where exactly. it was fun and i learned a lot our culture history, all their d. w. travel extremely worth a visit with oh, the power as a nation. blessed with stunning landscapes and high altitude peaks pertaining to the skies. here is

united bank of switzerland, better known as u b s today announced it will take over credit suisse ubs will pay three billion u. s dollars for its smaller rival credit suisse had been dealing with a string of losses over the past few weeks and was hit very hard by the silicon valley bank failure. the government brokered deal as part of an effort to avoid further turmoil in global banking. the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence and that's a swift and stabilizing solution was absolutely necessary. the deal is also made possible due to the swiss government's $100 billion loan to you. b s the turmoil in the banking industry at home and abroad comes as the federal reserve meets this week to consider another interest rate hike. the fed had been raising interest rates at a rapid rate to contain the biggest jump in inflation since the 19 eighties . those rates are now above 4.5% compared to near zero just a year ago. earlier today, on mornings and two we spoke with morgan stanley's george machete , he points out. t

alice services will be our guest at frankfurt. airport city, managed by frappe, bought lou ah, ah, ah, this is dw news life from berlin sold for more than $3000000000.00. first bank u b. s. acquire. so i will credit suisse in a digit supported by the countries century bank and designed to over to potentially banking prices. also coming up with moscow prepared to breach.

u b. s is that to take will buy it bottled, rival credit suisse at the price of more than $3000000000.00. the movie. com, the sector, vs that are ongoing banking crisis. go to stabilize the global financial system. and that's all we have for you for now. next up report i looked at why in a poll has one of the worst and safety records in the world. don't forget, there's also more news on our website. i. d, w dot com and our social media channels i handle is that d w. i am eddy micah junior. thanks no for your time with every journey with we've got it all out you one day in the in the put.

u. b. s. is getting up to take will with in battle driver credit suisse, amid fios and ongoing machen crisis could destabilize the global financial system, switzerland, us preparing emergency measures to fostered to take over after turmoil unleashed by the collapse of silicon valley bank and signature bank. in the us now supporters of all the boxes on the prime minister m ron con, have clashed with police outside the court in islamabad, where he was due to appeal to fierce corruption charges. the unrest of the latest an ongoing shore down between authorities and consul bought us several arrest warrants against con, have been cancelled on condition he appeals from court at the end of this month. ah, chaotic scenes outside a court in the pakistani capital islamabad, collages between the police and emerald hans supporters meant the former prime minister, could not enter the court. and a crucial judicial hearing has been adjourned till the end of march. from ne, multiple times again, board who told the court multiple times, right? is that your sword is not in control of the law and order situation in

radiate for budget support, of which well, bank is to provide 1700000000, n a d b at 2000000000 in 2023. well, bank will pride u. s. $1.25 b $650000000.00 but but it does the finance because we are pacing ah big. ah, but it really is a problem. finance problem. they had to have public finance sick that is very weak. our government avenue east. i, i was an 8 percent of the d. b. i can't extend. it is very high. my did debbie cities that he, i via that nice. this is color and it meant responsibility. a he did this very key, they won't. while sri lanka has key ties to india, is there a plan by the way, to build a tunnel or bridge to improve these transport connections and what could be up a possible, prefer grouch. no, not connection that or did that guy? no connection is filane casa, but it, ah, andy, that we are getting some technical assistance and aids from india. indian lake north credit you, i live in relying on the building and andrea spout said another local, more dues, apartment, wagons. and as it is, we can get indian, i know, freight through india line. no fred well, in boston, back to our sri lanka, in ru

signatures $88.6 billion in deposits will head to flagstar, as well as more than $38 billion worth of loans and other assets . the united bank of switzerland , better known as u b sounced today. it will take over credit suisse ups will pay three billion u. s. dollars for its smaller rival. credit suisse had been dealing with a string of losses over the past few weeks and was rocked by the failure of silicon valley bank, the government brokered deal as part of an effort to avoid further turmoil in the global banking industry. the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence and that's a swift and stabilizing solution was absolutely necessary. the deal is also made possible due to assistance from the swiss government in the form of $100 billion loan to you bs. the federal reserve meets this week to consider another interest rate hike. the fed has been raising raids at a rapid rate for more than a year. now it's gold to contain the biggest jump in inflation. since the 19 eighties, the fed fund rate is now above 4.5% compared to near zero more than a year ago. george machete with morgan stanley wea

i spoke with an economics professor who believes the s b, b crisis will, will damage the u. s. economy, perhaps more than people think. at this point, what you have is a mixture of fear and panic, panic for those who have a long histories of knowing that the government always assures us in the middle, middle of the crisis, that all will be well. and a many times that turns out to be bad advice, dangerous to follow if you are someone involved in finance and for the rest of us, we're waiting to see whether the proverbial other shoe will fall. how far this will spread, how deep the roots are. is this a problem of a few banks? is this the problem of the entire financial and banking sector? we don't know, but i can assure you of at least 2 or 3 things. number one, the most dynamic sector of the u. s. economy is high technology, and that is the sector most damaged by the lay offs of the last 6 months, over half a 1000000. and now this collapse in their credit and banking system, it's going to be very hard for start ups to get the kind of financing they have become used to. and that's

u. s. b s u. s. troops on our shores because i think that the only agra made the problem and will not lead to any meaningful resolution that has been official to the philippines. people are the leader of an indian opposition party ro gandhi, has been found guilty of defamation and sentence to 2 years in prison. gandhi was charged for making a speech in 2019, they referred to themes as having the surname modi, a reference to the current prime minister. the case was filed by a leader of the ruling party, gone the claimed in court that he made the comment to highlight corruption. he has been granted bell and is appealing his conviction. and that's all for now. be sure to check out our t. v dot com for all the latest breaking news and updates. was he right back here at the top of the hour? ah, ah, ah, with ah ah hello, i'm manila chan. you are tuned into modus operandi. so he has no pull. political pedigree is the child of immigrants to the u. k. he's dubbed a political science as the youngest prime minister in modern british history. but his richie soon ox rise to power as stories as they say. this

will move in the same direction country. they are selling massively to u. s. and eventually will make r and b, you know, the more important international currency. so they are preparing the words and at this moment, sanction, still working well to be able to damage chinese economy. but chinese are one they know that takes a glove oh now. so to speak, less row, you know, less, less fine. if he, if you want to, because you know, say soccer quite a lot as well with these sanctions. well, not those who have a jazz in arms companies, arguably china, obviously, you're right, you're right. arms companies are the only one. yes. china as you great relations, china's great relation to saudi arabia. we've had people on this show say, look, this talk of di dollarization. it's still in the interest of opec countries to keep the dollar rather than start trading in a say, the remnant be, or you on because in a sense the chinese currency is kind of pegged to the u. s. dollar. anyway, so why bother changing things? well, it's just a question on survival. this question. also a boy d, the one chinese language,

u. s. r e also split on this question, the u. s. energy department, as well as the f b i saying that they have low to moderate confidence that the virus came from a lab and will hon. china, while the of for other u. s. intelligence agencies and the u. s. intelligence counsels saying that they believe with low confidence of a virus came from nature. now what the consensus is from all the witnesses we heard from today from the intelligence department, is that to get to the true answer to solve this mystery, those would have to come from china and they're ivan, plenty of issues trying to get access and transparency out of the chinese government i do what is the investigation? i mean going forward, what kind of evidence are they going to be able to look at to perhaps point the needle one way or another? right. so as they follow these to pass into the varying theories, in order to find that hard evidence that this came from animals, for instance, when investigators say they need would be to find an animal that is carrying the viral g. no, they may have passed to humans, or the chinese government says that it is already looked at more than 100000 animals samples in

u. s. b s. u. s. troops on our shores because i think that the only agra made the problem and will not lead to any meaningful resolution that has been official to the philippines people. that's all for now. be sure to check out our t dot com for all the latest breaking news and updates. we'll see right back here at the top of the hour. ah, the medical waste is actually a huge environmental issue. and with the pandemic, personal protective equipment, or p p e waste has skyrocketed. i'm 50 i and you're watching the cost of everything . where today we're going to be examining what happens to all of the medical ways generated every year from hospitals, clinics. and now individuals wearing their p p, ah, the according to a recent study, the global medical waste management market is projected to beach 16000000000 dollars by 2029. medical waste is the waste produced in any health care or diagnostic activity and can be hazardous or non hazardous due to the various contaminants it has come in contact with hospitals, research labs and nursing homes generate a high amount of medical waste. and depending on w

u. b s is buying out troubled credit suisse at a $3000000000.00 deal. the combined group will manage more than 5 trillion dollars worth of assets. and he fokker has more from london. hope is the service news hole study nerves across the banking sector. here in a financial hub like the city of london, but also across europe as well. and the united states. this is almost unthinkable money a short while ago that these 2 massive banking b m offs. we'll arch rivals and the banking see would somehow end up or forging this force a lie. and so now we have a new entity that will be able to access a market share worth about 5 trillion dollars. an extraordinary presence. it will have on international banking a going forward. in kenya, please, in the capital nairobi have 5 t guys at demonstrators protesting against the rising cost of living and fuel shortages. some of the crowd throwing rocks at the police. more than 20 people have been arrested including 2 opposition and peas. opposition leader reloading. and already last, last year's presidential election to william route i on these cal

u. s. b s. u. s. troops on our shores because i think that would only aggravate the problem and will not lead to any meaningful resolution that has been official to the philippine people. that's all for now. be sure to check out our t. v dot com for all the latest breaking news and updates. we'll see you next time . ah, ah, ah ah, ah, with the discovery of the new world, at the end of the 15th century, there appeared atlantics, slave dre. the slave traders from european countries started building forth on the western coast of the african continent to transport the african inhabitants to america, to be forced into hard labor. until the middle of the 17th century. portugal had played the main role in this atrocious business. then great britain, france and the netherlands took the leadership for the span of 400 years of legal and illegal slave trade. about 17000000 people were forcefully shipped across the atlantic. not including those who died on the way due to unbearable living conditions. modern historians estimate that for each slave ship to america, there were 5 who died while captured during tran

u. s. b s. u. s. troops on our shores because i think that would only aggravate the problem and will not lead to any meaningful resolution that has been official to the philippine people. that's all for now. be sure to check out our t dot com for all the latest breaking news and updates. we'll see you next time. ah, the ah . the claims of the king of the belgians leopold the 2nd to the congo were finally authorized by the leading european countries in 18. 85 in the very heart of the african continent. a state under the rule of the belgian monarch was declared since the beginning, the congo free state was total, may him for the local population and functioned as a universal concentration camp. the majority of the population, including women and children, were forced to work on the rubber plantations. those who failed to fulfill their quota were beaten and mutilated to keep the congolese people under control. the king set up the so called forest bleak which were punitive detachments that cast terror on the captured country and its inhabitants. fearing that their subordinates would simply waste bullets

u. s. b s u. s. troops on our shores because i think that with all the girl made the problem and will not lead to any meaningful resolution that has been official to the philippine people. that's all for now. be sure to check out our t dot com for all the latest breaking news and updates. we'll see you next time in our exemption, and i'm here to plead with you. whatever you do. you do not watch my new show seriously. why watch something that so different my little opinions that you won't get anywhere else work of it please, or do you have the state department, the cia weapons makers, multi 1000000000 dollar corporations, choose your fax for you, go ahead. i changed and whatever you do, don't watch my show stay mainstream because i'm probably going to make you uncomfortable. my show is called direct impact, but again, you probably don't want to watch it because it might just change the way things with the titans for medius believed in men and sided with them. oh, he stole fire from the cruel gods and gave it to humanity. ah, the gods chained the titan to a rock, and a huge eagle devoured his liver

u. b. s. $5000.00 at credit suisse. we know that the takeover will mean some degree of a merger of that workforce, but also we gather from the chairman of e. b. s. that they will also be a degree of streamlining in swell. meaning that the future for some of these workers is up in the an me park, al jazeera london. ah, this is al jazeera and these are the top stories. the sour russian president vladimir putin has told his chinese counterpart that he's open to discussing beijing's plan to end the war and ukraine. president teaching pang is on his 1st visit to moscow since the russian invasion police in new york, a tightening security as the city braces for possible criminal charges against donald trump. the former u. s. president posted on social media that he expects to be arrested this week and asked his supporters to protest. and you, you in rapport says the world must slash carbon pollution by 2 thirds by 2035. if it wants to avoid climate catastrophe, the un secretary general has also called on rich countries to quit coal oil and gas by 2040 human

will tells it's challenging story. symphony for iraq on al jazeera. ah, i'm sorry, then ye, in doha, your headlines on al jazeera, swiss banking giant u. b. s. is buying troubled arrival kitty st for just over $3000000000.00 an estate back deal. it's hoped the deal will show up confidence in the global banking system after the collapse of 2 u. s. lenders, the bankruptcy of a global systematically important bank would have cost irreparable economic term oil in switzerland and throughout the world. for this reason, switzerland, how to take the responsibilities beyond its own borders. these efforts have paid off the federal comb, sylis convinced that u. b. s. takeover of credit suisse has laid the foundations for greater stability, both in switzerland and internationally. twenties presidents using ping, is heading to moscow on monday for a 2 day visit. russia's president vladimir putin has welcomed what he calls china's constructive role and trying to end the ukraine war and says he has high expectations for their talks. just one day after the international criminal court issued an arrest warrant for him put in, made a visit to the russian occup

u b. s. as agree to buy it's rival credit suisse. swiss national bank says it will ensure that both banks have access to the necessary liquidity to underpin this dale . the government has welcomed this agreement. regulators were pushing for a deal to restore confidence in credit suisse before the financial markets open on monday. fairs of contagion are running high after the collapse of the us lenders, silicon valley bank and signature bank. on friday, the liquidity outflows and market volatility shows that it was no longer possible to restore the necessary confidence. and that the swift and stabilizing solution was absolutely necessary. this solution is the takeover of credit history is by you bias. it is supported by the for the raw consul, following several meetings with the 3 national bank. we've our regulator, the fin map with registries and you'll be us. and if you are concede, welcomes these, take over and is supporting it by guaranteeing the framework conditions necessary for its success as can minus now from paul van. and he's been following his story in, so pull this is and my chairs

u . b. s 5000 at credit suisse. we know that the takeover will mean some degree of a merger of that workforce, but also we gather from the chair men of e. b. s. that i will also be a degree of streamlining in swell, meaning that the future for some of these workers is up at the n me parker al jazeera london international donors have pledged more than 7500000000 dollars to help took here and syria recover from last month's devastating ask wakes european commission and sweden hosted a donor conference to help the victims rebuild their lives. the turkish presidents as the damage in his country alone has risen to more than a $104000000000.00. the quakes flattened entire cities and killed 150000 people into here and parts assyria. israel's alternation is finance minister, his sparked face backlash off the thing is no such thing as palestinian people. but the conference in paris on sunday visit a small trip claimed that palestinian people, quote, invention of the past century is comments came as talks were on the way in egypt between israeli and palest

bond investments that so the likes of s, e, b will making that has been commentary saying that right, the raising rates too rapidly was a big problem. so looking at the u. s. central banks role is this the feds fault? i mean, of course, i mean we had to relax monetary policy for a very long time and then a very rapid increase and interest rate. but also that's what was coming with with some kind of warning though, some kind of forward guidance from the fed saying look, we have have been, have been, have been low for long, but know, given in place, we're going to need to adjust and we're going to just quite a bit. and so on the other hand, the, the banks basically decide to tell them, maybe even a while ago given the press margin to take more interest rates risks. so with the, basically the, the knowledge that the fact is going to increase, they should have taken action and terms of mitigating the interest rate exposure. so cause that wasn't part of the bank effect. okay, and looking elsewhere, we saw european banking stocks taken knock. i'm thinking most prominently of commerce bank, for example, the big german bank. is there a reason to worry about ot

u. s. banks in previous weeks. talk about banks is really affected the stock market last week as well, it was down friday. but you can see the market up right now. u s b will more than $3 billion for quoted swiss with encouragement from the swiss government, which wanted to take steps to return calm to the global banking system. so the swiss government offered ups are $100 billion loan to help finance this takeover. the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence and that's a swift and stabilizing solution was absolutely necessary. the president of switzerland of cree would have major consequences'sd mergers advisor and as trading s wealth management business twiso timeline for those changes. now are down sharply in premarket trading this morning, and let's have serious concerns about the san francisco based the bank's liquidity. and that's after it received a $30 billion rescue package last week. s and p global downgraded first republic deeper into junk status yesterday, and the new york times reported. the company's trying to raise more capital or could negotiate a deal to be sold. no

u b. s. is buying troubled rival could histories for just over $3000000000.00. an estate back deal. it's hope the deal will shore up confidence in the global banking system after the collapse of 2 u. s. lenders, this was finance minister, says the agreement was necessary to provide financial stability. the bankruptcy of a global systematically important bank would have close irreparable economic term oil in switzerland and throughout the world. for this reason, switzerland had to take the responsibilities beyond its own borders. these efforts have paid off the federal counselors convinced that u b. s. takeover of credit suisse has laid the foundations for greater stability, both in switzerland and internationally. chinese president, choosing ping is said to travel to moscow on monday for a 2 day visit. russia's president vladimir putin has welcomed what he calls china's constructive role in trying to end of the ukraine war. he says he has high expectations for their talks. just one day after the international criminal court issued an arrest warrant for him, put in, made a visit to the russian occupied city