on the struggles based on daily basis by everyone here from around the world fire that engulfed the 1st 2 cause of this trade was so hot, it may have cremated the victims exactly where they were killed. frank assessments this treats a crisis with this hopeful moment where countries could come together and stop putting in place the rules and will allow us to treat this global commons with the attention it deserves. inside story on al jazeera, ah, saudi arabia and iran agreed to restore diplomatic ties after 7 years of tension in a deal that china helped to broke us. ah,

hello, i'm darned, jordan, this is al jazeera live from doha, also coming up us bank, but catered primary to tech. startups is shocked down by regulators raising fears. more financial institutions could be about to fail. stepping up efforts to find illegal migration problems in britain, reach a deal to reduce the number of migrants crossing the english channel. and japan attempts to convince fishermen that releasing treated radioactive water back into the seat won't affect then light. ah welcome to the program after 7 years of heightened tension and confrontation, iran am saudi arabia have now agreed to re establish diplomatic relations and reopen embassies. it's a deal, but china help broker and it's in the boat meant is being seen as a major diplomatic. when china sina diplomat, wang ye said, it would continue to play a constructive role in handling hotspot issue around the world. us national

security council spokesman john can be supported a move, but said the u. s. will keep watching china as it continues to gain influence and footholds. katara, the united arab emirates and lebanon, were among countries in the middle east. that welcomed the agreement. as below, describe it as a development. alexandra buyers begins our coverage. this deal, harold's a new chapter in the middle east, bitter rivals, iran and saudi arabia agreed to restore diplomatic ties. all in secret. with chinese mediation. he shoes the after her cannon her we have been here in beijing for 6 days. i held talks of my saudi counterpart that led to the agreement to normalize relations. we agree with saudi arabia to open a new page based on the interests of the 2 countries. and, and on regional security, and to promote stability instead of exacerbating tension. so we hope this will contribute to the establishment of security and development in the region. the historic agreement will see both nations exchanging envoys. 7 years after severing

relations, china's role revived a process that brought together officials from both countries in iraq and oman. during 20212022, i did on the agreement, basically focus on the respecting the international law. the agreement also talk about the vienna treaty with regard to the development and political and diplomatic facilities. so that is also important. it talks about respect of the sovereignty of the state, which is very important. if we take all of this in account and it says it's a new badge. so basically what we're saying, we're trying to stop all this collision, go to disconnection. now focus on the, on the her unilateral relation that bring peace, a security to the agent here. and that means no innovation on the domestics of hers issues from iran, into saudi arabia, which is very important. while the deal itself could have major implications for

regional security. it's also evidence of a wider shift. saudi arabia has long prioritized its alliance with the united states. this agreement highlights beijing's growing influence in the region. alexandra buyers al jazeera. when iran's top security official says, the deal will help consolidate terrans ties with countries across these la mic wolf shoes. the have that the can them, we have been here in beijing for 6 days. i held talks of my saudi counterpart that led to the agreement to normalize relations. we agreed with saudi arabia to open a new page based on the interests of the 2 countries gone and on regional security, and to promote stability instead of exacerbating tensions. we hope this will contribute to the establishment of security and development in the region and ballast, the behavior of foreign powers and their distance from our region to which they came without permission. we look forward to this agreement contributing to the consolidation of our relations, not only with saudi arabia, but also with the countries of the region and the islamic world. the enemy,

especially the zionist entity, feels frustrated and despaired by this agreement at william r 0 as ali huffman has more now, from tara, then beijing, the secretary of iran, the supreme national security council. and his counterparts from saudi arabia met over the past few days. and they agreed on exchanging ambassadors between to had on andrea, this is a breakthrough. and this is big news in this region because on one side, it's going to help this escalate the escalade, the tension and the other. it's kind of a result of 2 years of meetings between delegations from iran and so that it, yeah, there was a mediation before and in baghdad that didn't really go a lot forward. and they went to small understandings. we're right now, that is a big agreement. the 2 countries are going back to 2 exchange ambassadors that have

diplomatic ties and also they will put in action the 2001 security fact between them. that means no, none of none of them is going to interfere in any other countries interests. and they will try to have good relations, how this is going to be reflected on the region. many say this is going to have yes, the escalate, as we said in the beginning. but the important thing here is the chinese roll this region. i've been known for years to be under the u. s. influence. this is the 1st time that china is playing such at all. and this means that the chinese are having more leverage in the middle east. where you and 2nd journal, antonio tech has welcome the deals saying it's essential for the stability of the region to 0 as diplomatic editor james base has more from the un. certainly the united nations is welcoming this. the secretary general was briefed on it 1st thing this morning. as soon as the news emerged here in new york and

a very positive reaction, he believes that this could be good news for the entire region. yemen, i think, is the one where the un will be most most interested in this. can they actually bring the war in yemen to a proper negotiated settlement? we have a very uneasy truce that's been in place. it's nearly now 8 years in the next few days, it'll be 8 years since saudi arabia intervened in yemen and they been bog down there ever since that i'm sure is one of the motivations from the saudi side. of course they're important implications with regard to israel. israel is the one country i think it is not going to like this. they had been hoping that the u. s. would persuade saudi arabia to join the abraham cords or get better relations with israel and completely isolate iran. that's what prime minister netanyahu once, and it's not what he's going to get. i think the overwhelming thing that i'm seeing

from this is, is, is a very different approach now to saudi foreign policy. traditionally before mom had been sama and who now steers the strategy for the saudi kingdom. saudi arabia very much was in the us camp and everything but this steel, it was broken to day in china. and at the same time, the saudi foreign minister was in russia talking about is good relations with russia. relations between iran and saudi arabia been hostile for decades, threatening stability and security in the gulf. after the iranian revolution in 1979 terran began to open. he criticized the legitimacy of the saudi regime. in 1987 relations between iran and saudi arabia was severed after the death of iranian pilgrims, diplomatic ties were restored in 19912001 saudi arabia and iran signed a security agreement. the pack signal donations were ready to co operate on regional stability as a war in yemen, began in 2015, saudi arabia,

back the international, recognize government, and targeted who the rebels strongholds. iran was widely accused of backing the who these militarily, but saudi arabia cut ties with iran in 2016 off to protest as storm bits. embassy in tehran and its consulate in the city of mashhad, against the backdrop of rehabs, execution of shiite cleric, new motor bucket, new motor. in november 2017 saudi arabia intercept that, a ballistic missile of a react international airport. it asserted the massage was supplied by iran. will estate run saudi press agency quote to the crown prince saying it arrives. actions may be considered an act of war against the kingdom. and in 2019 saudi arabia, state run oil company was hit by who if he drone attack, close to half of the kingdoms output of crude oil was impacted? iran denied any involvement. well, earlier my colleague law in taylor spoke to a mob mirandi a political analyst at the university of terror. she asked him why the iranian government is taking the steps. there is a,

a back story and that is there roughly 6 years ago when king solomon was traveling to china, the chinese wanted to mediate and back then the iranians agreed about the saudi government was not ready to do so at the time since then. we've had a series of negotiations or rounds of negotiations between iran and the saudis, mostly held in iraq. but these negotiations were held after president racy visited china. and the 2 presidents agreed upon it planned to decrease tensions and the region. as a result, we saw the iranians and the a so nice at a higher level. we meet together in china to restore relation. so

this is not new, but the saudi is now are prepared to change their position. and what do you think the big result will be from this? i mean, we seen that term in yemen, for example, and iran and shall be the session essentially windmill pub in a proxy war there. do you see this is a, a stepping stone towards a piece in yemen. iran doesn't see this as a proxy war. run, sees the government in san, on the capital of the m as the legitimate and popular government that has been besieged by both the saudis and the m a r t s, but also the whole of nato that has been supporting the saudis. and despite all that, because they have popular support, they've been able to maintain power and expand their influence across yemen. but to what the iranians are seeking is an end to the war where the saudis and the people

of yemen can live together in peace. if the war comes to an end in yemen for iran, that is the that would put aside the most important issue that stands between iran and so the radio. and just to go back to china's role in bringing the 2 sides closer together. how significant is that new view? does it, does it supplant the u. s. role in managing to kind of be the kind of broken, these kind of regions? i don't think china replaces the united states. what i think is happening is that the united states is losing its role. it's declining as a global power. it's not completely diminished, but it is, it is definitely not the united states of 10203040 years ago. so as the united states declines, you see countries in the region thinking about reviving and restoring

relations or building new networks. now that the american role is smaller than before. and we also see relations between countries in the region evolving with non western powers. and that includes china. do you see this having any impact on potentially reviving in iran, you do the tax for the revival of the nuclear deal or the j. c. p. o, a has been ready for months. at the end of the negotiations in vienna. the you gave a tax, the iranians made some slight changes and joseph or l. a. u foreign policy chief said that the iranian demand to reasonable at that stage, we were on the verge of a deal. but after that we had the u. s. mid term elections, and since that,

since then, the united states has been unwilling to take the final step. so all that we need is for the united states to take a decision, it really is not relevant to iran. so the ties or any other issue, it is for the united states and the white house in particular to make up its mind doesn't want to restore the j. c. p. o, a or not. ah, it's a california and our regulators have shut down silicon valley bank marks. the 2nd biggest failure of a financial institution in u. s. history as b. b failed to raise fresh capital on friday. it's suspended trading oper, chairs plummeted as much as 66 percent in pre market trading. it prompted depositors to withdraw their money. crating a run on the bank as b, b, k 2, primarily to tech startups and venture capital firms. there are recent development

stick concern, a few banks that i'm monitoring very carefully and when banks experience financial losses it is in should be a matter of concern. well, let's bring him, cornelius hurley. he's an adjunct banking law professor at boston university school of law and a former director of the federal home loan bank of boston to join us live from sandwich in massachusetts. konita is good to have you with a silk. i mean, we are told, this is the biggest fate of a u. s. bank since 2008. how did s v be failed so spectacularly? i didn't anyone see the warning signs that it was in serious trouble when they could have seen the warning signs, but the flaws in the bank were, i think, twofold, number one, as you pointed out in your lead, it's a highly concentrated business that strategy involving technology that's number one

and number 2, they got caught in a time rising interest rates and they were dependent on tremendously on a short term borrowings, namely deposits. and they invested those in long term investments which lost their value with lising rising interest rate. so the combination of the 2 together was really a perfect storm for this bank. and we saw, we saw the us treasury sector janet yellen talking to, as she was saying that several other banks are being watched closely. that's concerning, is there a broader fear of contagion within the financial system and could other banks not be facing serious trouble to well, let me be clear, we're not in 2008 here. but that said, banks around the world have seen their shares upon it in the last 20 for 48 hours. but this is really a concentrated issue. i think the take away from this is a, is really

a us issue. primarily, it demonstrates that the coordination among the bank regulators in our system, which is complicated. we have so many players, we have the federal deposit insurance corporation. we have the federal reserve, we have state thinking agencies and then lurking in the background, we have an agency that almost nobody has ever heard of which provided a massive, massive liquidity to silicon valley bank. as much as 6 months ago. i'm talking about $1314000000000.00. okay. that could easily that could easily have been the warning sign with other regulators should have and could have picked up on those. those were publicly known at the time, but not appreciate it. cornelia is going to get a final thought from you. i mean, s v b, as we know, dealt mainly with silicon valley startups,

but it's rapid failure, shock, the tech industry. what does all of this mean then for the future of silicon valley, given it's checking history, a boom and bust, o silicon valley will go on. and all of the most of the customers of silicon valley bank will find other homes. maybe at the too big to fail banks, maybe the 6 of them in the u. s. which are the de facto subsidized by the taxpayers . so i don't see this having a huge effect on the tech industry, which is as you know, already experiencing its own problems. we have a highly competitive financial industry in the u. s. with over 5000 banks credit unions. so there are alternatives out there. but again i, i think this points to the need for greater coordination amongst our, our federal ray regulators in our financial system here. quoting us had

a really good to get your thoughts on your analysis. thank you very much. indeed for talking to a 0. thank you. thank you for having me on. all right, so time for so break your out a 0 when we come back ga scrap, say proposed law, the protest to say would have cost descent and move the country pleasure to moscow . i'm runners pay homage to the late al jazeera john is sharing ugly at the palestine. martha morn, that stainless ah frank assessments. this treaty provides this with this hopeful moment where countries could come together and start putting in place the rules and will allow us to treat this global commons with the attention it deserves inside story. on al jazeera. ready too often of canister is portrayed through the prism of war. but there were many of canister thanks to the brave individuals who risk their lives to protect it from destruction. an extraordinary film archives spanning for

decades, reviews the forgotten truths of the countries modern history. the forbidden real part to the communist revolution on a j 0. examining the impact of today's headlines. this was probably one of the deadliest disasters in the story of setting the agenda for tomorrow discussions . this is the one that's been hitting cities, sharing personal stories for a global audience. do you talk a little bit about what life is like more african luminous programs that open your eyes to an alternative view of the world today. on dera, lou.

ah welcome back in her mind about top stories here at this hour. iran and saudi arabia have agreed to re establish diplomatic relations and reopened embassies. it follows suddenly as of tensions after we had broke of ties with terran china hope broke of the deal, which is reached in beijing this week. california banking regulators have shut down the silicon valley bank. it's the 2nd largest bank failure in us history. ab is raising fears about the health of other financial institutions as b, b, as primarily to take stock. now the u. k. will pay france $577000000.00 over the next 3 years in an attempt to cut the number of migrants crossing the english channel. the money will go towards more border controls and a detention center announcement was made during a meeting between the british and french leaders in paris is the 1st such summit in

5 years and both held it as a new start and anglo french relations. we're announcing a new detention center in northern france, a new command center, bringing our enforcement teams together in one place for the 1st time, and an extra $500.00 new offices patrolling french beaches all underpinned by more drones and other surveillance technologies that will help ramp up the interception, right? and the legislation, the u. k, is introduced this week, supports it because it's designed to break the business model of the criminal gangs and remove the poll. fact is bringing them to the channel coast. now we will always comply with our international treaty obligations, but i am convinced that within them that we can do what is necessary to solve this shared problem and stop the both gaskin with this what we've decided is height and coordination on our activities and new initiatives. we compel each other and we must act together in a fully shared framework,

but also to be able to do this with all the europeans who are concerned with the transit and crossings. now georgia ruling party has dropped to bill that protests was feared which silenced the media and opposition legislation would have force media. and in g o. the receive more than 20 percent of their funding from abroad to register as foreign agents. tens of thousands of protested out in the streets for 3 days. and as smith has more from a capital to receive, there's a lot of relief here outside parliament of popular protest seems to forced georgia government to back down and kill this bill. the ruling party, georgia, dream said it would conditionally withdraw the bill. it's supported without any reservation, but it accused what it called, the radical opposition of spreading lies about the bill. many people here send the hand of russia. the bill was called an agent of foreign influence. bill was a very similar sort of law was passed in russia and it was used to crack down on

opposition groups and human rights watch says that here in georgia organizations and jose would have faith owner support and wine and an inspection that includes electron monitoring groups corruption, monitoring, group, independent media, anyone who got source more than 20 percent of their funding from overseas, the government. but simply that this law was necessary to root out foreign agents and spies the kremlin when a specifically about this law that that they had no influence on not involved in this law in georgia. now japan is preparing to release more than a 1000000 tons of water from the destroyed fukushima nuclear plant into the sea. but neighboring countries and local fishermen have opposed the proposal. jessica washington reports these fish are part of a mission to convince those who don't the safety of releasing water from one of the world's worst nuclear accidents into the ocean. well, what article i took that here at the marine organism breeding test station we

raised flounder and abalone with treated water containing ordinary sea water. i think we are able to show that there is no change in how they are growing. this is part of a plan to solve a problem more than a decade in the making. in the aftermath of the 2011 earthquake and syn army which destroyed the fukushima plant, water used to cool damage react to cause and contaminated rain and ground water was stored in these tanks. but they were almost at capacity and authority, say the time to release the treated water is fast approaching. the tokyo electric power company has been treating the water, removing various radioactive materials. but some fishermen say they aren't convinced and they fear their efforts to rebuild the fishing industry in the years after the disaster are being undermined. we know that with oh no, i think it's still too early to release the water into the ocean. it's to thought i'd understand if they discussed it with everyone beforehand,

but they haven't talked about it yet. some neighboring countries, including china and south korea, have also voiced their concerns. and some pacific nations have pushed for japan to delay the release of the water until implications for the pacific ocean. and islanders are clearer or great. it's one doesn't allow the key point here is the ocean. there are concerns not only within japan, but countries mainly in the pacific ocean. we should do or at most from a scientific point of view to prove to those countries. we are dealing with it thoroughly. but i think it is what we are lacking the most. the water release will take place over 2 to 3 decades. it could start in coming weeks. jessica washington al jazeera, several runners in the palestine. martha, not on a delight, al jazeera journalist, serene abruptly, nor a car repulse. it's an early thought and a long and challenging road ahead. the palestine freedom of movement, marathon sets off from bethlehem manger square it start and finish line. local

media says it's attracted, run it from over 90 countries. many with a message i'm here to support the the rung, the freedom of movement a which we, i personally believe and very much. and i want to be in solidarity with the palestinian people, asking them young an hour. me and my family came to participate and show what he means to run for palestine to many people have been killed recently. include an innocent youth who had their lives ahead of them. bethlehem isn't circled by illegal settlements, these ready war and checkpoints. it doesn't have to stay for a full mouth, of course. instead, run us take 2 loops, the path along the occupation wool and to refugee camps. before turning back at miss rady checkpoints, and many of come to honor the memory of al jazeera journalist sharing our aqua who was killed la fear by mis rady soldier. we poorly come thinner kilometer on the

sheet, reported on almost every marathon here since it was established in 2013. as a healthy in us, i have the year is a journalist. every one knows her, every one loves her in palestine, and she was lovely. aside from its mark as voc patients badlands also known fritz hills, another challenge for the run as before, a well deserved rest. in may describe laura han, i'll just there are lots of me down jordan for now. the news continues here now to 0 oper inside stories that was not ah, the it's going to be a hot weekend for western india here. here's those details right now. up and down the western gas. i think some states temperatures will exceed 40 degrees down the

other side of the country for the east coast west bank of state, we're going to power up some heat of the day. thunderstorms, not tough to see why when you considered the temperature in calcutta of 3536 degrees on saturday. westerly disturbances moving into afghanistan, that's going to drop some rain inherited is also bringing down the temperatures to 24 degrees. while this is not good news, more rain is falling on top of flooded out areas in malaysia. also get into some torrential downpours and call them poor as well. steady rain for that west coast of sumatra. island, west java province and western side of borneo island on saturday is a calm pitcher and into china temperatures coming back just a bit in bangkok at 32 in a big change in whose temperatures along china's yellow river valley. the other days. young joe set a record for the month of march, 31 degrees on saturday, just 17. and we see that cooler air come down, cross the yangtze river valley, so will hon at 16 degrees. and for japan, up and down the country,

plenty of sun. tokyo, 21 for you. that's it. that's all season. ah, the disco city has become a major global issue. the demand is going straight up and the supply is going straight down, turning an essential natural resource into a commodity traded for profit. just because it's life doesn't mean it cannot be priced. what about the guy that can't afford it? that guy told me it's water. al jazeera examines the social, financial and environmental impact of the war to privatization. you know, it's a full on al jazeera. she's in thing is formerly appointed for a foot thomas, china's president, all powerful of home. the face is big challenge is elsewhere up against the u. s. and i'm a polarized world. so what will be the impact.