it's supposed to be cold, but it's not in a concept hole in baghdad. away from the conflict and tails from the war, sectarian bonds and sanction the iraq. he national symphony orchestra has full to perform classical and traditional ira music. in the face of all adversity. ah, how to 0 will tell it's challenging story. symphony for iraq on al jazeera. ah, the us and u. k. governments move to stop saw the damage from the silicon valley bank collapse . ah, hello,

i'm adrian again. this is al jazeera life, also coming up north korea launches cruise missiles, hours before south korea, and the u. s. begin that biggest military drill in years. the u. k. how so this grapples with a major strike as tens of thousands of judy a dr. stage a 3 day walk house and the oscar goes to every 3. 0, a wreck or whole of also cuz everything everywhere, all at once breaks new ground at the academy of moves. ah, do you case? finance minister says the british, all of the failed american bank, s v b has been bought by hsbc holdings. it's the latest attempt to minimize the fallout from the crisis that began, but the bank went bust on friday. meanwhile, u. s. president joe biden is set to address the impact on the banking sector. it is

feats shed yield to what take place in about an hour's time. the federal government has announced emergency action to shore up deposits and cushion the financial damage of the biggest bank failure in the u. s. since 2009 u. s. officials said they'd also be supporting depositors of signature bank, which was closed by new york regulators on sunday. leslie be mostly provided financial services to fledgling companies in the tech sector. the bank claim to support nearly half of all venture bank start ups in 2022. but after s phoebe's collapse, many of those startups are in trouble. unable to access their funds and facing difficulty, paying salaries and meeting operating costs. as phoebe is also involved in other sectors, it loaned around $4000000000.00 to the wine industry, about thousands of wineries, a locked out of their accounts. lucas finance, but it says down played concerns of ripple effects after the collapse of s. phoebe

at the u. k. banking system is extremely secure, it's well capitalized. and i think we demonstrated that resilience by what was happening over the weekend and the fact that we were able to come up with a solution so quickly. wife to london and others, there was andrew simmons is there for us. andrew, at least as far as customers of s p b in the u. k. are concerned there is now a little more clarity. yes, i, you heard the, the finance mr. jeremy hunter saying that so he had a solution. well, that remains to be seen, but it has been remarkable the activity over the weekend with richie soon at cur, the prime minister, before he headed to the united states, really working hard to try to get a resolution that did not involve a government bailout. that would have been pretty disastrous on the markets and led to more contagion probably. so you have this business of getting hold of a bank big enough and bold enough to take on these losses. so hsbc,

as for all of one nominal pound, bought into this bank and the hsbc, big enough to have a high tech care bank in its portfolio, the customers all from the high tech sector. and of course the u. k. with the silicon valley bank. they reckon the government reckons that a, something like up to a half of the so called innovation economy was engaged by this bank. that small startup operations attracted by this bank. not for hi, a good deals on interest, quick killings on money, but more because it understood that the tech and that the nature of the businesses and a way of moving forward. but no, this was a disaster in many ways that sir bean all book resolved. it would seem, as phoebe an american bank with a global reach, we've seen very different approaches to the crisis depending upon which side of the

atlantic you happen to sit. yeah, of course the bank here, the, the, the, the, the division of the bank here in the u. k is much smaller. pretty different in, in the way it's a dynamics work. but they have one thing in common and the major a cause of the difficulties was an over reliance. it's thought on government bonds with a long term gains. they would return but short term with high interest rates. of course, they're diving and of course the sooner the sell off of these bonds colossal losses with some of the bonds as soon as the company went public with those then her twitter went viral and the losses went viral and everyone was pulling out a classic run on the bank and of course, pretty extraordinary scenes over the weekend with the pretty healthy companies, high tech companies that are done so well. suddenly realizing the c o's suddenly realizing that on monday, they would have no means of getting accessing their bank,

no means of paying their work forces, no means of, of cleaning their offices, just a totally, totally down with, with really in a bad state. so this has been quite remarkable because before the, the, the bank's open before that the markets opened. this announcement by the finance minister that hsbc was stepping in were taking on under its wing. this really important bank to a, with a country that has now the standing, the government claims. as the 3rd biggest innovation tech economy in the world of 0 enter. simmons reporting live up from london. many thanks andrew. andrew calia is the managing director of orient capital research. he says the causes of s phoebe's collapse a clear they were not cautious enough in terms of their risk assessment. and they basically focused a lot of their business at a single sector,

which was pretty risky. the high tech sector and they also put a lot of the money, the deposits they received from people in 2 bonds. and when the interest rates went up, far more than people had expected and the value of those bonds went down. so, and they force a lot of their customers not only to borrow from them, but also to put their money in their bank. so they're basically put all their eggs in one basket. and when that basket exploded, collapse that they were stuck with bad, bad bank. while biden's can be focusing mainly on the domestic audience. so he's trying to reassure people that they are, they're going to step in and help banks that are in trouble, which they've done very quickly. i mean, it's a very effective regulatory assist in the united states. it. ringback that those reassuring remarks may be filtered through to places like b j. now china is interesting because they don't have a lot of capital in the tech sector in fast a high venture capital areas in china from the west, the last some up. but nonetheless, if we, if the baking it watches very carefully to see what the united states is doing,

and if there is some further of fall out in the tech sector in us, then you can be sure that people's bank of china is going to look very carefully at the lending in the tech sector, particularly since for 500000000000, has been ported to semiconductors my last few years. but most of that money is coming from the state bank. so it's, it's pretty say, ah, the commander of ukraine's ground forces says his troops a repelling washing attempts to take the eastern city of buck loot. but the situation there is difficult. troops with rushes. varden, a private military group, control at least half of the city. let's say that the fighting is becoming more intense. the further they advance moscow has made a winning backbone to strategic and symbolic priority indicating it could pay the way for further advances. main sneezes, old didn't easily, in less than a week starting from march 6th. we managed to kill more than $1100.00 enemy

soldiers in the buckman sector alone, which is russia's irreversible loss. the loss of right there near buck mort star. furthermore, at least 1500 more enemies sanitary losses. those who can no longer continue fighting place, dozens of units of enemy equipment were destroyed, and more than 10 russian ammunition depots were burned down. they shall know, bought more to the situation and began with its tough, very tough in the enemy's fighting. for every meter in the closer we are to the center of the city, the heart of the fighting. the more the utterly is shelling at us, the more tanks appear and the ukrainians throw an endless reserves. but we are advancing and we will keep advancing away. don't fear more from our 0 stephanie decker whose innkeeper are battling over this mining town. which really, you know, is less sir strategic than what it's become symbolic. now initially it looked like ukraine would pull back from the town and it's become very clear that it's not,

it is inflicting huge casualties on the russians, the russian mercenary wagner group that is undertaking the battle in that city. of course, the few tens of thousands of civilians that remain there and during horrific, horrific, and days. and it's taking that long to make any major advances. the east now controlled by the russians, the west of divided by a small river controlled by the ukrainians. the russians are trying to encircle that town, but it's, it's proving very difficult. it's part of a wider frontline, still the tax happening from the north and cut keep all the way down to the south in had san where that of course was an area that the russians held that withdrew and late last year and shelling continues there on a daily basis, but if you look at the bigger picture, so there really hasn't been any major geographical advances by the russians for 4 months and months and months. these are entrenched battles and there are a lot of talk of the ukrainians preparing counter offensive. the weather is getting

better slowly here, winter is easing the ground, needs to harden somewhat from that much, but there is that feeling that that will be large. but certainly if you look at the bigger picture over a year, into this war, and there hasn't been any major advances by the russians if it comes to geography. b, b c says that it's present, a gary lenika is to return to broadcasting the ex england player have been taken off her the pvcs main football program. much of the day after treating criticism of the you case new policy on asylum seekers. that policy is said to be debated in parliament later on monday, the bbc says, but renika will return to the air waves while an independent review into social media use by freelance presenters is conducted tens of thousands of junior doctors in england are starting at 3 days worth of strike action of a pay and working conditions in the country's national health service. andrew madison is a doctor who campaigns for more investment in public health. i mean dr. andrew

myers, and i am an hfs, a doctor. originally from united states. and i came to the united kingdom about 7 years ago to study medicine. and i decide to stay here because i love the chest. we've seen a 30 percent reduction in our real terms pay in the last 15 years. basically it means that for a quarter of the year from september to december, we're working for free and that's a big issue. that's a huge issue for staff retention. that's why so many people are burning out, or seeing ads for, you know, come to work in australia, come to work in zealand, you know, and we're seeing a lot of our colleagues who are taking those offers to, to work in much better conditions with much better pay down under because it's just, it's just becoming too difficult for community trust right now. every, every winter is a bad winter for that for the us. and for less 10 years we have every single winter . we've been complaints the government, things are getting worse, waiting times are getting worse, people are coming to harm. and they are being extraordinarily successful in trucking people away from the, from the public system into a, you know, into

a 2 tier system where people that can afford it. wealthy people, they can go 60 private, private clinicians. and but the rest of everybody else is left to suffer. a good shift nowadays for so many amy staff is one where, you know, nobody dies in our waiting room or dies on the back of an ambulance. every time i see a patient, i have to apologize for terribly long wait that there during and you know, and i speak to them honestly about, you know, the difficulties that we're facing, that we don't have enough staff. we don't have enough resources. and so, you know, we don't want to go on strike, nobody wants to go on strike. but when, you know, for every single year we are, we are screaming to the government, do something, and they don't listen. then this is what it's content. when i've gone to what to picket lines to, to support you know, whether it's an ambulance crews or nurses. it is incredibly invigorating, is horrific as the situation is right now. so many people dying. getting through the pandemic and sing the horrors that we've been through an instinct so awful instead and despairing so much about the state of the natures. this is the one

thing that's actually given me hope or now from alzheimer's name. barbara. this is the biggest such action by junior dr. is of course, that is just a label applied to a range of, of doctors in the, in a chair, someone newly qualified. some could be for 10 years into the job and running entire department. it is, the big demand is what the b, i may, that the union says amounts to a 35 percent pay increase to make up for real terms. pay cuts, not meeting inflation since 2008. when i'm joined now by one junior doctor who started his job 2 years ago, are john sing, or john you were work at a hospital in west london. just describe to me how pressurized, how tough it is for people at you right now. oh, do you talk to about their pay? cuts by 26 percent and we have 2 new doctors around 14 pounds an hour. now that's the same junior doctor as the 1st course of call for over 200 patients in the

middle of the night shift, we told the government in august initially we said if you don't discuss and negotiate favor, we will call a ballot. they ignored it. in october we said to the government, now we're going to actually have a ballot for stripe. they ignored it. mid january, we told the government and we said to them, if our policy is successful, we love a 70 to our full withdrawal. they ignored us. we had a record 98 percent. jeff spoke to the barclay ignored it, and then he met us last thursday. i said that he had no monday to negotiate. hey, still to come here on our 0. another track in the democratic republic of congo kills 19 people was a un delegation and it's visit to trying to storm the violence of thousands of school teachers protest in the occupied west. burnt beck calling from better paid a better working conditions. ah,

i said the dakota oil pipeline snakes through indigenous land, but no without resistance, right in front of the bowl and they will shoot, beaten, arrested, and shot as protested. they all beat it and so proclaimed water protected. the women of standing rock on al jazeera, joined the debate, but you know that the sector team is empowered by the government and they, and by the way, they go home today, they are to go from africa. how security is also global, help security on an online your voice. there is no right to defense. there is no right to protest. we can't just keep relying on aid. there has to be some work toward a sustainable economy. at the end of the day, it is ordinary objects that are paying the price. this tree analogy is there. a government mal

jessia with no news? oh, ah, hello again. this is al 0. let's remind you of the main news. the saw u. s. president joe biden says that he will address issues in the banking sector later on monday. that's as the federal government allows sanction to shore off deposits at the fail silicon valley bank, reassuring customers that they will have access to their money. ukrainian and russian troops, a locked in a fierce battle for the eastern city of buck,

mood with both sides, claiming their inflicting heavy enemy casualties. moscow's made a winning mark loose, strategic and symbolic mercy, and tens of thousands of junior doctors in england have begun a 3 day strike of pay and working conditions in the national health service. the strike is the latest involving and a chest off. following will cost by masses, paramedics and other health workers. china as president, she's m ping has closed the countries annual congress with a call to modernize it's military, into a great ball of steel. the new chinese premier and c ally li chang. also what gave his 1st president press conference outlining bay james, economic priorities. katrina, you reports for beijing clothing. china's annual congress in beating president cedar pain called the chinese communist party to strengthen the country's economy and security. i shin didn't change our we will spirit, nor effort to live up,

to the tie, to our history and to the people, make our generations do contribution of booting a strong nation right on the realization of national rejuvenation or the military he said must be built into a great wall of steel to safeguards, sovereignty, and called hong kong and taiwan inseparable from china. war see also and aligned to the need to boost innovation and self reliance. a response to you, a sanctions booking, bating access to critical technologies. following the closing ceremony, the new premier held a press conference where he criticized western suppression of chinese firms. he says baiting and washington need to work together. lee chung is tasked with reinvigorating the slowing economy and achieving this year's growth target of 5 percent. are made to the, to land darla on currently our economic all push large. and he has exceeded 120 trading gordon. and we also faced quite a lot of new challenges whose huh?

to achieve a growth of iran, 5 percent of sasha hi base figure is not an easy task and it will require redoubled efforts. the former shanghai chief is credited with creating a nasdaq staff stock market for the financial center and persuading tesla to build its 1st overseas factory on the cities outskirts, boosting employment, and the private sector are among leads, top priorities. but he's also known for the mismanagement of a brutal corbett 19 lockdown that paralyzed the city for weeks. washers. analysts say li chung's loyalty to she didn't pain always. trump his personal policy preferences while people think a lot about shifting in positions and so on. as of or the ccp system, especially on the she i think is i'm is tightly managed enough such that you know, during the diplomats, the officials will do what they are told. li chung is just one of several close allies. seating ping has installed in the top ranks of the communist party. this

may need more efficiency when it comes to carrying out his policies, but also less pushback and almost 0 opposition when it comes to his power. katrina, you al jazeera paging. north korea state media says the country as test fired to strategic cruise missiles for supper in the latest launches came just ahead of planned military exercises by the united states and south korea. on monday, drills nicknamed freedom shield. a said to last 11 days, north korea calls them preparations for a war of aggression. rama bride reports from sol. according to north korea, state run media. the 2 missiles were launched from a submarine office east coast in the early hours of sunday morning travelling some 1500 kilometer is supposed to be the 1st time the north has launched cruise missiles in this way. and it comes as it continues to develop its tactical nuclear

arsenal of short range weapons to threaten its ne, but principally south korea. monday sees the start of 11 days of joint military drills between us and south korean forces, which always anger the north. very regrettable that north korea is using our regular and defensive drills as a protect for provocation. i hope nursery, i realize that there is nothing they can earn from escalating tension on the korean peninsula. these joint drills are largely computer simulated command exercises. but throughout the spring, a series of feel drills are planned, involving both u. s. and south korean troops including and 50th landings and held on the kinds of scale not being here since 2017. when again, relations between the north and south were at their most tense in years. thousands of public school teachers protesting in ramallah in the occupied west bank, calling for better pay and working conditions. the raleigh marks the 4th week of

a general strike with lawyers and nurses. also walking off the job, i was 0 need are. abraham has more from ramallah. this is the 4th week of the strike. the husband announced why teachers you're in the occupied was back up to date. thousands of them have gathered here in front of the government's offices, the prime minister's office. as you can see there, here are the minister of education was here and they were trying to chad very loudly that their main demand is better pay and to have a newly elected teachers union. now for years of historically, we know that the teachers union has been pro palestinian authority and teachers here see that it hasn't been representing their demand. the government has said that it will raise their salaries. 6 wives for study, but teachers here say that they're demanding more, they want the 15 percent,

and they say that they've had previous agreements with the governments that harvard has been respected by this current government. there are so many calls from the government for the current teachers. you given us and you know, for the, as you'd want 2 of those teachers to go back to school. as far as these people are concerned here, they say they're not coming back until their issues are resolved and their demand. i'm going to check on a village in the east and democratic republic of congo has killed at least 19 people and burned down a medical facility. it's suspected the attackers belong to the allied democratic forces. uganda, an armed group which has pledged allegiance to i saw the group is accused of slaughtering thousands of civilians since 2017 tropical cycling friday has brought strong winds heavy rain on flooding to mozambique. at least 28 people have died and tens of thousands of homes have damaged. the un says that more than half

a 1000000 people could face the humanitarian crisis. and one of the world's poorest nations. hundreds of migrants of tried to force their way into the u. s of the mexico bought up a large group of mostly venezuelans, is demanding asylum. but u. s. officials stopped them crossing into the country. many migrants say they're frustrated with trying to secure appointments to seek asylum using a new government of science fiction, comedy, everything. everywhere. all at once as 17 oscars, including best picture of the academy awards, los angeles, the phil, one and more major categories than any other movie in history. the majority, asian cos, and directing team also broke new ground for oscars. diversity al jazeera. how does your castro report? i can lever and you everything everywhere, all at once. one, almost everything everywhere. among its 7 prizes. best picture. this feels incredible. best director i once you acknowledge my context, my immigrant parents,

my father who fell in love with movies because he needs to escape the world and thus pass that love of movies on to me. my mother, who is a creative soul, who wanted to be a dancer, an actor and singer, but could not afford the luxury of that life. how high so you best actress making michel yo the 1st asian woman to win for all the little boys and girls who look like me watching to night. this is the beacon of hope and possibilities. and best supporting actress in 1st time oscar winner, jamie lee curtis. ah indian costar here, week 11 best supporting actor the 1st to win for an actor of vietnamese ancestry. my tyranny started on a boat. i spent a year in a refugee cap. and somehow i ended up here on hollywood biggest stage

one was a child star who had quit acting due to the lack of roles were ancient actors ah, random frazier also made a triumph and come back after 9 years without a major part. now, winning best actor for his performance in the whale, the german phil all quiet on the western front, one best cinematography and best international feature. while indian film r r r took best song, beating out competition from both lady gaga and rhianna. what our team has done, you know, trying to being dead on children, what they do to presumed dead on mom a songs. and don don susan did one odd form, you know, to go to on other parts of the wood and you know, entertaining them. some of the drama took place even before the ceremony, as the stars arrived on the carpet. and notably this year was not read. it is champagne colors,

the 1st time 162 years of oscars history. and in another fresh twist acceptance speeches were posted to social media and audience is invited to interact by scanning q r. codes displayed on their screens. unlike some recent years, the night was free of fiascos with producers hoping the celebration of the craft of cinema alone was enough to draw audiences. heidi joe castro al jazeera los angeles, will go to weather uptake next. while i run down the corridor to another studio, i'll be back with the inside story. just a couple of minutes. ah . hello, we'll see more in the way of warm spring sunshine across japan over the next. the days you got this airy or a cloud and arrange sliding through that co front makes its way further. reese was

temperatures around 16 celsius there for tokyo, a similar temperature, $24.00. so temperature is touching 20 degrees in beijing, although will cool off here to go on through the next dial. so 13 celsius by wednesday afternoon, bright and dry. then across the good parts of the korean peninsula, warmer weather, coming back into japan by the state, with some pleasant sunshine. we'll see sunshine to into eastern parts of china, or a chance of one or 2 showers there into taiwan. but nothing too much to concern ourselves with, wanted to shout, to went to west shoreline, carry over the next dial sound a. scattering a shout was always possible across central and northern parts of india. the main fates really does remain the high temperature is temperature. still running well above average, across the north west of india, we have got reports of some wild foss breaking out, and certainly on the hot side there for the whole and also for karate, at good eula, troy, and sunny weather into pakistan. there will be some showers also making the way across the foothills of the himalayas. baton and,

and the pole seeing some lobby showers, longest spells of fright that whether also stretching across bangladesh ah, in the face of the cost of living crisis, the u. k. chancellor is set to announce his spring budget, but with thousands of civil servants to strike the pain ambitions. will jeremy hunt be forced to announce money public services full of the story. as it breaks on al jazeera, we don't simply focus on the politics of the conflict. it's the human suffering that we reported. we brave bullets and bombs, and we always include the views from our sites. the biggest processed yet against benjamin netanyahu is far right government and its plans to overhaul the judiciary along with the iran saudi deal. he's facing mounting problems at home and abroad. but how serious is.