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
heard bide ten talk about before, this idea of democracy versus autocracy. how did biden make his case? reporter: jake, if yesterday in kyiv, that surprise visit was a dramatic, deeply similar bottic moment about the war itself, today was to paint a broader picture, underscore the bigger stakes, a larger effort that the president detailed about why this isn t just about ukraine or just about the war, in but many stead about the fate of wercht western democracies, particularly pointing here in warsaw as the president detailed, is about freedom. there s no sweeter word than freedom. there s no nobler goal than freedom, no higher aspiration than freedom. americans know that, and you know it. and all that we do now must be done so our children and grandchildren will know it as well. jake, when you talk to white house advisers, they acknowledge that they understand this war that is on going shows no sign of ending any time soon. the western coalition painstakingly held toget
just about everything nowadays has silicon chips in it, from phones and computers to kitchen appliances and cars. but the world has been facing a chip shortage, which has exposed just how dependent we all are on semiconductor manufacturers in asia, with the vast majority of chips produced by the taiwanese company tsmc. among those who want to wrestle back some of that market share is the us. today, president biden will sign into law a bipartisan bill to boost microchip manufacturing in the us. the $280 billion package is aimed at addressing supply chain problems exacerbated by the coronavirus pandemic. supporters call it a win for the nation s economy and security. here s our north america correspondent michelle fleury in new york. microchips, the digital brains of every piece of technology around us. but a global shortage has disrupted everything from the production of cars to household appliances.- of cars to household appliances. of cars to household a- liances. ., appli
the suspect s apparent hit list. the ukrainian capital was rocked by several large explosions in the past couple of hours. have a look here. this video coming out of kyiv today. the mayor says at least one person was hospitalized after missile strikes. we re hearing from ukraine s state-run nuclear power operator that russia fired a cruise missile critically low over a nuclear power plant in southern ukraine. the operator says the missile was likely fired for the kyiv area and it s accusing russia of another act of nuclear terrorism. missiles and shell strikes have batter the much of ukraine. the outnumbered and outgunned ukrainian troops have slowed the russian advance in the donbas to a crawl. the main battle right now appears to be for control of the strategic city of 7 donetsk in the heart of the donbas. ukraine claims to have retaken about half the city and says russia is throwing all its reserves into the fight and continuing to storm the city. a chemical plant in the