the financial times is reporting that the country s biggest bank, ubs, has offered to buy credit suisse for up to one billion dollars, although bloomberg reports that credit suisse sees that as vastly undervaluing the bank. the swiss banking giant had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. it had been offered an emergency credit facility of more than 50 billion dollars by switzerland s central bank but that had not prevented a sharp fall in its share price. more now on one of our main stories this hour a potential takeover of the struggling credit suisse bank by another swiss based bank, ubs. let s get the latest now from our correspondent in switzerland imogen foulkes. what is the latest on these stories to try and shore up we hearing a lot of things but i can tell you the crisis talks taking just on the road from me in berne financial authority of the banks, people are being very tight lip
to $1 billion, although bloomberg reports that credit suisse sees that as vastly undervaluing the bank. the swiss banking giant had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. it had been offered an emergency credit facility of more than $50 billion by switzerland s central bank, but that had not prevented a sharp fall in its share price. our business correspondent marc ashdownjoins me now. an urgency around these talks in switzerland to try and facilitate this takeover by ubs. this takeover by ubs. yes, the shares were this takeover by ubs. yes, the shares were sliding this takeover by ubs. yes, the shares were sliding all- this takeover by ubs. yes, the shares were sliding all last - this takeover by ubs. yes, the i shares were sliding all last week and there was a period of a pause for a couple of days when markets have been shut till tomorrow morning, so this has given them time to sort this out
mrjohnson denies misleading mps. serbia s president, aleksandar vucic, says he has declined to sign a proposal by the european union intended to normalise relations with kosovo. the eu has been trying to broker a deal, fifteen years after kosovo declared independence. you re watching bbc news. now it s time for talking business. let s take a look at what is on the show. spy balloons, tiktok and taiwan. trouble is never far away from the us china relationship so what do mounting tensions mean for the global economy? with xi in his third presidential term and joe biden halfway through his first, strains between the world s two biggest economies have deepened so what will it take to improve them? a growing number of us firms are looking beyond china to invest their cash. the president of the american chamber of commerce in china tells us why they re having second thoughts. that is despite us china trade hitting a record high last year and with president xi increasing his power
to normalise relations with kosovo. the eu has been trying to broker a deal 15 years after kosovo declared independence. you re watching bbc news. a doctor working in ukraine says bandages made at a factory here in the uk are helping to save hundreds of lives. the dressings, which are coated with an extract that comes from shrimp, can stop intense bleeding. thousands have already been sent out in military first aid kits to help those on the frontline. matthew hill reports. dr irnya rybinkina puts her life in danger every day in ukraine, helping the victims of the war. at times she has to treat very traumatic injuries. the first thing you do is put a tourniquet on, and then you try and stop the bleed by packing the wound. this production line in bridgwater has been playing a vital role in helping medics like dr rybinkina save lives. the bandages, made by the firm nonwovenn, are then incorporated into first aid kits by another british company. we manufacture millions of these,
vladimir putin, has visited the ukrainian city of mariupol. it s the first time he s ventured inside territory seized by russian forces since last years invasion. his visit, under cover of darkness, has been fiercely criticised by the exiled council of the southern port city, which has seen some of the fiercest battles of the war. i m joined now by the ukranian mp for kharkiv, maria mezentseva. thank you for being with us. what you make of this visit by president putin? well, nothing spectacular really. it is one of the first visit to the occupied territories that president putin has conducted. this is the scene of a brutal invasion. and i am looking at the footage of him sitting all alone in the filler monarch building, and russian authorities are claiming that they have restored the building etc, we are asking, what has been done regarding the cleaning of the green seeds over their quest but this is not a joke for us at all. apart from criticising that visit, i am linking i