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BBCNEWS BBC News July 6, 2024

that the country s biggest bank, ubs, has taken over its troubled rival credit suisse in an emergency measure designed to protect the swiss economy. credit suisse has seen its value plummet over the last week due to fears about the company s financial health. regulators in switzerland had spent the day trying to pave the way for a deal to be struck before the financial markets open tomorrow. here s the swiss president alain berset speaking at a press conference a short time ago. on friday, the liquidity showed that it was no longer possible to restore the necessary confidence, and the swift and stabilising solution was absolutely necessary. this solution is the takeover of credit suisse by ubs. it is supported by the federal council following several meetings with the swiss national bank, with a regulator, credit suisse and by ubs. the federal council has every confidence that in this difficult situation, the takeover of credit suisse ubs is to restore the confidenc ....

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BBCNEWS BBC News July 6, 2024

the government of switzerland says that the country s biggest bank, ubs, has taken over its troubled rival, credit suisse, in an emergency measure designed to protect the swiss economy. credit suisse 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. here s the swiss president, alain berset, speaking at a press conference a short time ago. on conference a short time a-o. on conference a short time am. friday, on conference a short time a-o. friday, the liquidity s it on friday, the liquidity showed that it was on friday, the liquidity showed that it was no on friday, the liquidity showed that it was no longer possible to restore the necessary confidence, and the swift the necessary confidence, and the swift and the necessary confiden ....

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BBCNEWS BBC News July 6, 2024

against its journalists. the 76th annual british academy awards take place in london later with the german language film all quiet on the western front leading the field with m nominations. hello and welcome to bbc news. it is good to have your company wherever you are watching us from today. the us secretary of state antony blinken has alleged that china is considering supplying weapons and ammunition to russia for its war against ukraine. he was speaking to cbs news after meeting china s top diplomat wang yi on the sidelines of the international security conference in munich. he said he d warned mr wang of consequences if material support was provided to moscow. mr blinken told cbs that chinese firms were already providing non lethal aid for russia s invasion. he was asked if support given to the mercenary group, wagner, amounted to military support for moscow. there is open source reporting that chinese companies are providing. surveillance equipment to that mercenary gr ....

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BBCNEWS BBC News July 6, 2024

against its journalists. the 76th annual british academy awards take place in london later with the german language film, all quiet on the western front, leading the field with m nominations. the us secretary of state antony blinken has alleged that china is considering supplying weapons and ammunition to russia for its war against ukraine. he was speaking to cbs news after meeting china s top diplomat wang yi on the sidelines of the international security conference in munich. he said he d warned mr wang of consequences if material support was provided to moscow. mr blinken told cbs that chinese firms were already providing non lethal aid for russia s invasion. he was asked if support given to the mercenary group, wagner, amounted to military support for moscow. there is open source reporting that chinese companies are providing. surveillance equipment to that mercenary group, the wagnerl group, fighting in ukraine. does the us consider this to be providing military. ....

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BBCNEWS BBC News July 6, 2024

the government of switzerland says that the country s biggest bank, ubs, has taken over its troubled rival credit suisse in an emergency measure designed to protect the swiss economy. credit suisse has seen its value plummet over the last week due to fears about the company s financial health. regulators in switzerland had spent the day trying to pave the way for a deal to be struck before the financial markets open tomorrow. here s the swiss president alain berset speaking at a press conference earlier. on friday, the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence, and that a swift and stabilising solution was absolutely necessary. this solution is the takeover of credit suisse by ubs. it is supported by the federal council following several meetings with the swiss national bank, with our regulator, with credit suisse and ubs. the federal council welcomes the takeover and is supporting it by guaran ....

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