hello and welcome to bbc world news. 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. fears about the possible collapse of credit suisse sparked falls in stock markets around the world over recent days, and raised fears of another global financial crisis. the rescue deal follows a weekend of emergency talks between the two banks, after credit swiss saw its value plummet over the past week. the swiss national bank said the deal was the best way to restore the confidence of financial markets and to manage risks to the economy. our geneva correspondent imogen foulkes explains the significance of this merger on the global stage. it s early days. but i don t think it s going to be easy. ubs is the bigger of the two, but both of them are already huge. if you lookjust in switzerland, both of them have at least one branch, more in a big city like bern
struggling with symptoms. let s start here in the uk, where the new chancellorjeremy hunt has ditched almost all of prime minister liz truss tax cuts announced in the government s mini budget three weeks ago. the financial markets reacted positively to the news, with the pound rising against the us dollar and uk gilts falling. in total £32 billion of the £45 billion in tax cuts have been shelved, these include. the planned 1p cut in the basic rate of income tax is now on hold indefinitely, with the rate remaining at 20%. the cap on energy prices charged to households is now only guaranteed until april next year. for a typical household, it means an annual bill will not rise above £2,500 for the next six months. but plans to cancel the 1.25% increase in national insurance contributions will still go ahead, along with a reduction in stamp duty, and the cap on bankers bonuses will still be scrapped. joining me now is chris southworth, who s the secretary general of the uk i
From the Gaza Health Ministry which says more than 15 hundred people have now been killed in israeli airstrikes since saturday. These are pictures of strikes hitting buildings in the territory earlier. Thousands more have been injured. Meanwhile, israels top general has admitted that the armed forces failed to protect the state, and its citizens, when hamas launched its offensive. More than 13 hundred israelis died during the attacks, most of them civilians. In the next half hour, well hear from correspondents across the region. But first, our international Editorjeremy Bowen begins our coverage, Travelling To Kibbutz be eri in southern israel. More of gaza has been flattened by israeli bombing. Israel insists its targets are all based on intelligence, to kill the men who massacred israelis and to continue the job of breaking hamas. But hundreds of civilians of all ages have also been killed. And israel has been accused of answering the war crimes of hamas with ones of its own. Anthony
they included the three year old twins, ema and yuly. they were captured with other relatives when hamas set fire to their home. they were freed with their mother, sharon, but theirfather is believed to remain in gaza. also released were brother and sister erez and sahar kalderon. their relative spoke about his relief as he waited to see them again. i m finding that it s difficult to go from a state of endless anxiety about their fate, to a state of relief and joy. i believe it will take time. this is an exciting and heart feeling moment, but we also understand that it is the beginning of a difficult rehabilitation process for sahar and erez, who are still young and have been through an unbearable experience. the truce between israel and hamas allowed the return of dozens of hostages but dozens more are still in captivity. over 150 of our hostages men, women, children, babies over 150 other hostages men, women, children, babies who s taking care of them? who is hold