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tv   News  Al Jazeera  March 13, 2023 5:00pm-5:30pm AST

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people, a young australian engineer is inventing tools to help people gain independence like know, did i sammy or side of that will put the ability to recognize objects on the firm so that people with the reservation will be able to recognize every day of jack. women make science global gals episode for on al jazeera. mm mm. holding the powerful to account. as we examined the u. s. is role in the world on al jazeera, ah merch, if you have confidence that the banking system is safe, us president joe, by the looks, the east, there's a domino effect out of the collapse of silicon valley bank.
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literally your book exchange open the week with something numbers will be live from wall street. ah, the her, i'm watching of 0 like my headquarters here in the also coming up china's great wallet. steel teaching ping promises to modernize the military as tensions rise with the united states. and the biggest have a strike by tens of thousands of junior doctors brings more disruption to the u. case health service. ah. and everything everywhere. all the oscars received an oscar hall of academy awards for the slow burn sy fi hit of the year. ah,
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putting the rug, we start with the efforts to contain the fall out after the collapse of silicon valley bank. the biggest us bank failure since the 2008 global financial crisis present, joe biden has tried to reassure americans at the country's banking system is safe us financial authorities have taken control of silicon valley. bank biden says customers and taxpayers won't bear any losses, but those are the top will face consequences. the management of these banks will be fired if the bank is taken over by f d, i see the people running the bank should not work there anymore. 3rd, investors in the banks will not be protected. a knowingly took a risk and when the risk didn't pay off, investors lose their money. that's how capitalism worked. well, in the moment kristen sleepy will join us from wall street where the new york stock exchange is just like bullets cross over to all white house correspondent, kimberly alcott, and kimberly
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a clarity from the president regarding what's been happening, what over the last 72 hours yeah, there's no question that is a president to was keen to get in front of this to reassure the american public, but also the global financial system that the has been working for the last 72 hours with his financial team to ensure that those who have invested in this bank, silicon valley bank as well as signature bank have been able to access their funds and also for these banks to make payroll. what was the big concern? is the fate of not just businesses, but also individuals who had money in these banks that they would be able to access them as a result of action that was taken by his economic team. they were able to secure they of emergency actions in order to make sure that come monday morning that that was something that they could guarantee. and so,
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because of swift action by the president's economic team, he was able to make that announcement and reassure, a very nervous american public. indeed, you heard that you heard the word bank collapse. so the new thing, 2008, it's enough to get the public warrant and they want to be calm, don't they? yeah, and let me tell you specifically what the president did with his economic team in order to make that happen. what they did was make sure number one that people could access their money. and number 2, the president promised that he would make sure that those response would be held to account and then also work with congress in the future to make sure this never happens again. in terms of strengthening regulation, what the economic team has done essentially is triggered something known as systemic risk exception. it's a loophole that allows for the, the insurance that it typically is captain $250000.00 for that to go above that. so those that invested in had more than $250000.00 in these 2 banks to
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make sure that they will be protect in terms of those investments. but what makes this different from 2008, and in terms of the ordinary taxpayer, a is the reassurance that the president has provided. in other words, americans were nervous that they were going to be paying for this, like they did back in 2008. so what the president has done is reassured them and saying look at, you're not going to be getting the bill for this. what we've done is triggered something known as the deposit insurance fund. what this is, is essentially the banks are going to pay for this this time. and the president was letting the american public know about this. essentially what has happened is that every quarter the banks have been putting funds into this emergency fund if you will, for just such an emergency. and that is where this money is coming to bail these banks out. kimberly elk it washington and the white house correspondent,
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thanks very much. let's cross over to new york where we can join kristen sleeping on the new york stock exchange, waiting for the markets to open. what's the reaction being like was to while the market started down a bit lower as investors were trying to assess what possible damage might come as a result of these latest bank failures and the presidents moves to try to stabilize the markets. the good news is that the market seems to be rebounding after starting an opening at a lower rate. now, all of the 3 major indices are just above the positive point. trading average is not surprisingly, bank stocks are trading lower just before we came on. air. bank of america was down 4 percent, but the biggest drops in the market were from regional banks that may not have the same kind of assets as these large financial institutions do. em certainly,
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that's what investors are going to be looking at as the day goes on. we heard president bide him saying that the money would be protected in these banks that have closed ford to bought depositors. customers would have access to this, but of course he also made the point of investors not being bailed out. that's what capitalism is. he said, investors take that risk and they have to suffer from it when the market doesn't go the way it wants. but right now what we're seeing behind me here in wall street is that the market overall is fairly calm and seems to be reacting well to the efforts to rein in greater financial losses by these banking institutions. christensen before sla in new york. thank you. well only on monday, the you case finance minister downplayed concerns of ripple effects from s v. bees collapse. emily secure,
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it's well capitalized. and i think we've demonstrated that resilient spy what was happening over the weekend on the fact that we were able to come up with a solution. so quicker under simmons has moved from london. it has to be said that the type of investors, the type of investors going for this, our venture capitalists, they got word that the, there was a, a run on this bank and made that more like a sprint with going viral on twitter and the losses there as soon as the bank declared what it was losing it, it was on the road to nowhere. and of course, this main factor in los is for the u. k. arm of the operation. like the u. s. was an over reliance on government bonds, a long term investment. but of course interest rates as that have been increasing.
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government bonds go down instead and that that was a colossal problem they had. and as i say, the venture capitalist went in. so you had a situation in the u. k. where over the weekend, very good high tech company is relying on this bank where we're working at one earth that we're gonna do on monday morning thinking like wouldn't be able to pay that staff. they wouldn't even bill to pay their cleaners, they couldn't get access to their bank accounts. there was a real problem and of course, it only took 48 hours for the us bank to fall. and of course similar situation with the u. k. 111. he is trying, his leadership ping has closed the countries annual congress with a call to modernize its military into a great wall of steel. the chinese premier and close ally of peasant, she lean, chang, gave his 1st press conference outlining beijing's economic priorities between the year reporter from the chinese capital, closing china's annual congress and beating president season pain cold on the
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chinese communist party to strengthen the country's economy. and security, so syndrome changer we rosemary, nor effort to live up to the time, to our history and to the people make our generations do contribution of booting a strong nation on the realization of national rejuvenation. the military, he said, must be built into a great wool of steel to safeguards, sovereignty and called hong kong and taiwan inseparable from china. we're see also underlined the need to boost innovation and self reliance or response to you, a sanctioned blocking, beijing's 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 beijing 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 digital antar. currently our economic all push large and he has
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exceeded 120 trading gordon. and we also faced quite a lot of new challenges to achieve a growth of around 5 percent of sasha high 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 lead top priorities. no, but he's also known for the mismanagement of a brutal covered 19 lockdown that paralyzed the city for weeks. washers. analysts say lea chung's loyalty to she didn't pain always. trump, his personal policy preferences, while people think a lot about shifting in positions on his own or the ccp system, especially on the she, i think is um, is tightly managed enough such that, you know, the, the diplomat,
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the officials will do what they are told. li chung is just one of several close allies. he didn't thing has installed in the top ranks of the communist party. this may mean 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 aging. north korea state media says it's testify to strategic cruise missiles from a submarine. the latest launches came just ahead of planned military exercises by the united states and south trail on monday. now the drills nicknamed freedom shields set to last 11 days. north korea calls in preparation for a war of aggression. robert bride has more from the south korean capital. according to north korea, state run media. the 2 missiles were loans from a submarine, operate east coast in the early hours of sunday morning, travelling some 1500 kilometer is supposed to be the 1st time the north has
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launched cruise missiles in this way. and it comes as it continues to develop its tactical nuclear arsenal of short range weapons to threaten that 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. it is very regrettable that north korea is using our regular and defensive drills as a pretext for provocation. i hope nursery, i realize that there is nothing they can earn from escalating pensions on the korean pains. these joint drills are largely computer simulated command exercises, but throughout the spring, a series of field drills are planned, involving both us and south korean troops, including amphibious landings and held on the kinds of scale not seen here since 2017. when again, relations between the north and south were at their most tense. in years,
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the the commander of ukraine's ground forces says his troops are repelling russian attempts to take the eastern city of buck, mood. but the situation there is difficult. troops with russia, the wagner, private military group control least half of the city. but say the fighting is becoming more intense and but the further that they advance moscow has made a win in the way to strategic and symbolic priority indicating it could pay the way for further advances. main sneeze zone didn't. beasley in less than a week starting from march 6th, we managed to kill more than $1100.00 enemy soldiers in the buckboard sector alone, which is russia's irreversible loss. the loss of right there near buck mort scott. furthermore, at least $1500.00 more enemies sanitary losses, those who can no longer continue fighting, plus dozens of units of enemy equipment were destroyed,
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and more than 10 russian ammunition depots were burned down about the situation and bung 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, the ukrainians thrown in endless reserves. but we are advancing and we will keep advancing. young girls still had here on al jazeera, the british parliament debates a controversial new law that would stop migrants arriving in small boats claiming asylum. ah hello, we've got more wet weather, just making its way away from japan. now things will clear up. this is massive cloud here, all associated with this cold front that will sweep through and prior to sky's come
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in as our area of high pressure just topples its way further east for so some lovely spring like weather winds falling light, 16 celsius in tokyo, a similar temperature therefore, sol as well, a warm enough one there in pacing for the time being 20 celsius before the batch around 13 degrees. still 5 and tries it go on into wednesday might be a few wintry flurries up towards the far north east of china and east side of russia. some show as a possibility into southern parts of china over the next couple days. but nothing too wide spread, showers a little more extensive across central and southern parts of the philippines over the next day or so. still some heavy rain around the bornea. see some pig down paws here where it is where the started to push a little further. reese was but we will still see a few showers over towards that, a western side of the a region, some showers to their interest, marcia, but southern puzzle lay peninsula large sheet rice largely dry to across much of a south asia. we have got a scattering of showers across the plains. something to watch out for over the next
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few days. for pakistan is hot and dry. ah. the wrangler then she is governed by the founding fathers, daughter. how is she facing? the challenge is brought on by the ro hang the refugee crisis. this paper should go back to their own land and his vote. prepare for a general election will ask her about allegations of persecution, of opposition. members shake his siena talks to al jazeera. i care about how the u . s. engage it with the rest of the world. we're really interested in taking you in to a place you might not visit otherwise and feel as if you were there. lou . ah,
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welcome back here watching over there with me. so he'll rob a reminder of all the top stories. the u. s. president has tried to ease concert over the clamps of silicon valley bank. joe biden says the banking system is safe and taxpayers won't shoulder any of the losses. banked stalks of tumbled in at the trading. old wall street chinese present, reaching ping, has said that china needs to make its military into a great wall of sheet steel to safeguard its sovereignty. and that sounds, he put the economy and security at the center of his closing speech of the national people's congress. also, north korea says is testified to strategic cruise missiles from submarine flights of soldiers came ahead of time. the military sizes by the united states and south korea on monday, the b b. c has an else that it's present to gary lead occurs to return to broadcasting. the st broadcaster says lenika will be back hold while an independent
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review into social media is conducted. the ex england player has been suspended from the bbc's main football program match of the day. after tweeting, criticism of the u. k. government's new policy. all asylum seekers and the u. k. parliament is such debatable aimed at curbing the numbers of asylum seekers who arrive on british sol, shoals in small boats, is aimed at fulfilling the prime minister's promise to deport any while entering in a way the government considers illegal. no amendments can be made to the tax, but at the end of the debate, a vote will be held on whether the bill proceeds to the next stage of the legislative process. let's take a closer look at the governance plan. while more than $45000.00 refugees and migrants crossed the english channel from france last year, that's up to 60 percent from 2021. the new law will allow the government to to port any one who enters the country without authorization. they be sent to what the government considers a safe 3rd country. the deal was recently signed with rwanda,
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and those deported would be banned from returning to the u. k. claiming asylum, or seeking british citizenship in the future rights group. say the law violates commitment c. k. is made and a number of human rights treaties. charlie angela joseph now lie from outside of westminster, in london, a controversial bill. it's already attracted the anger of a whole swathe of the population from celebrities, to politicians. it's going to be heated debate and it'll begin in what, perhaps just over an hour's time. yes, so the parliament session is about to start there, be a few questions about the defense spending, and then it will get in to the debate. this is the m p 's 1st real chance debate the principles of this bill and then they found it. and yes, it's gonna be a lively one because the opposition is passionate. we know that the labor party i will be calling the bill on workable is what is national party,
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have called it in moral, but also from within the conservative party itself. there is a deep concern from some senior members including former home faculty, pretty patel is very worried about the possibility it will lead to children being put into detention center. now that b, as long as the legislation stands at the moment, any child arriving with their family on to british shows in a small boat would be put in a detention center. and that would be a complete rollback. on the 2014 child ban on child detention in this country for which conservatives of very, very proud. so a lot of concern within conservative ranks that that children could be detained. and i think what they'll be doing is seeking reassurances that there will be amendments to this bill on that issue. now considering that conservatives have a, a comfortable majority in parliament, it is likely to pass this stage with an i vote today. but then will face
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of hurdles ahead. it is hurdles ahead and this could take walk weeks, months in between all of that, you got a lot of international groups and organizations. the un european colts, all weighing in at the moment. what she, what the british government is doing well, it won't take weeks, it will months and probably several months because even the, it passes through the commons, it will be bounced to the house of lords and no doubt they will want to amend the bill in some way then be bounced back to commons and not back and forth can take quite a few months. so it wouldn't, it wouldn't be a quick process, but yes, and the legal challenges will be enormous. we've had pushback from lawyers, human rights groups, as you said, it, the you and hcr said that it breaks the un convention on refugees and the european court of human rights is also raised its concern. even the home secretary herself is said that it really pushes the boundary of international law,
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but it's also going to be a challenge is on the practical side, because this legislation would be retrospective, meaning that anyone who's arrived in a small boat since march 8th would be essentially rounded up and put in a detention center and held for these $28.00 days on top of all the people arriving subsequently. now, in this country, there's a backlog of a 160000 people still waiting for decisions and there asylum applications. the detention centers are at capacity and the overflow has gone into hotels dotted around the country. that is costing the taxpayers $6000000.00 a day. so the question to the government, that many rights groups and charities on the opposition opposing is where are these people going to go? and how much is that going to cost? but through all of this, what we are losing is the voice of those migrants and refugees. and i actually just spoke to one who came from central african country in 2005. and he said,
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if this know had been in place when i had made my journey, i would probably leave now be dead. loosely, what happens in the coming house at me and you'll be able to figure out for us charlie angela for said london. the 10s of thousands of gini doctors in england have begun the 3 day strike over pay in working conditions in nashville health service. the action by members of the british medical association is the largest buy doctors in the history of the n. a trust that barbara has more from london. very junior doctors can tell me longer among tens of thousands who are on strike, but 3 days pushing for what amounts to a payroll of about a 3rd. they say that you needed to make up for a job in real time pay since 2008, accounting for inflation. now, there are some of them who work in a accident in the emergency department in a hospital as well as elsewhere. and so the cost is
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a warning that thousands of people could have treatment affected operations cancelled. they are prioritizing critical care and their senior doctors and consultants being brought in to provide cover. but, but you need to talk to the saying that already there are up to 500 x says, deaths every week because of the extra pressures only. and i just said i saying based joy is the only way that they could actually not just protect their job. but the whole system, the thousands of public school teachers are protesting in ramallah in the occupied west bank. the call is about to pay and working conditions, the rally box, the 4th week of a general strike with lawyers and nurse is also walking off the job. the abraham has more on the teachers demands this is the 4th week of the strike that has been announced by teachers here in the occupied was raggedy. thousands of them have gathered here in front of the government's offices,
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the prime minister's office. as you can see, there are, 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 historically, we know that the teachers union has been pro palestinian authority, and teachers here say that it hasn't been representing their demand. the government has said that it will raise their salaries my 5 percent. but teachers here said that they are demanding more, they want the 15 percent, and they said that they've had previous agreements with the governments that haven't been respected by this current government. there are so many calls from the government for the current teachers union, given the palestinian authority as you'd want. 2 of those teachers to go back to school. as far as these people are concerned here,
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they say they're not coming back until their issues are resolved and their demand field is palestinian prisoner held in. and it's really jail has been released after 17 years behind balls 83 year old who was for buffy, who was accused of smuggling weapons. it was shipped from iran to garza other high to the 2nd palestinian uprising that ended in 2005. he originally received a 20 year sentence, which was later reduced he was present, joe biden has just departed washington, and he's on his way to san diego for talks with the british prime minister, richie cynic, and the australian counterpart and the albany is the 3 leaders will meet in the coming hours that are expected to announce plans to provide australia with nuclear power submarines. the so called a u. k. u s. plan was announced in 2021, his profits to count to china's military influence in the pacific. soon economic daisy have already met in the us ahead of the summit with by that science fiction
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comedy every think. everywhere. all at once has won 7 oscars, including best picture of the academy awards and los angeles, the film one and more major categories than any other movie in oscars history, al jazeera is heidi to castro was, there may 1st 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 contacts, my immigrant parents, my father who fell in love with movies because he needs escape the world and thus passed that love of movies on to me. my mother, who is a creative, saw who wanted to be a dancer, an actor and singer, but could not afford the luxury of that life path. i show 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.
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and best supporting actress in 1st time oscar winner, jamie lee curtis. ah, indian co star key 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 2 or holowitz biggest stage. one was a child star who had quit acting due to the lack of rules for ancient actors. ah, brendan frasier 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 film, all quiet on the western front, one best cinematography and best international feature. while indian film
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r r. r took best song, beating out competition from both lady gaga and riana, whatnot team has done yet. and you know, trying to bring their own culture. you know, thank you. the presumed dead on mom of songs, and don don susan did one odd form. you don't want to go to all 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 cart. and notably this year was not read. it is champagne colored the 1st time when 62 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 audio.

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