sedition, i guess the way now guys, i'm with the reality of working in the giving you destroyed you with all. ah, americans can rest assured that our banking system is saying here, deposited the us and britain intervene to prevent contagion in the financial world after the collapse of silicon valley bank. he was also

made a volatile return. we'll have a my report from wall street. ah, they're watching al jazeera ly from bill how with me for the battery bore, also coming up. she jane being vows to turn china's military into a great wall of steel as the us, australia and the u. k. and valence sap marine deal to counter b. g thousands of junior doctors across england strike demanding better wages to cope with rising cost. ah, and everything everywhere in all the oscars. a record hole for out of academy awards for the snow, burn sy, fy hate to be here. ah,

thank you for joining as we start with the efforts to contain the fallout after the collapse of silicon valley bank, the biggest u. s. bank failures since the 2008 global financial crisis for as in joe biden, has tried to reassure americans at the countries 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 at the top he says will face consequences. 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. they knowingly took a risk, and when the risk didn't pay off, investors lose their money. that's how capitalism works. in a moment we'll be speaking to christine christine, fellow meals on wall street for us on how the markets are reacting there. but for

us we go to our white house correspondent, kimberly hock it. kimberly some significant moves by the biden administration to restore confidence in america's banking system. tell us more about what president biden had to say. yeah, the u. s. president really trying to reassure, not just the american public, but the broader financial system in the u. s. and abroad that the american banking system was safe and he did so in a number of ways, not only letting people know that they can access their money, but also making sure that it was clear to everyone that those responsible for the failure of the silicon valley bank would be held to account now the u. s. president saying that there are going to be further actions taken through the u. s. congress to strengthen to make sure this will never happen again through regulation, but also making sure that people understand that it's the american taxpayer that will not be footing the bill for this. and that is a really important point because what happens in the united states is that deposits

in banks are insured up to $250000.00. but through a loophole they have triggered a, an emergency measure that allows for deposits beyond that to be protected in this case . but so what tax parents are worried about is that they'd be paying the bill. but what we understand is that will not be the case. what banks have been doing is contributing on a quarterly basis to an emergency fund. that's what we'll be covering these, these, these losses in this case. and also we know that the assets of silicon valley bank will be sold to cover these as well. so the u. s. president, getting out in front of this message, letting the american taxpayers know that, unlike back in 2008, when taxpayers footed the bill this time, it is different. thank you for that. kimberly. how can live there in washington? that's crossover to kristen salumi now was at the new york stock exchange, where this weeks trading has begun. markets opened with islam. christian,

but we're already seeing a rebound. yeah, it's been a very volatile day. the markets been up and down. the broad market is in the positive on the major indices trading higher, but bank stocks financial stocks continue to get hit pretty hard. the big names that you know like chase j. p. morgan chase city bank, bank of america have been down for most of the day, but they've come off their lows. the nasdaq k, b w, index of commercial banks was down 8 percent at mid day. that's better than the 13 percent earlier in the day. the regional banks, banks that you may not know by name are the ones that seemed to be really struggling, led by one called 1st republic. that was down as much as 70 percent. that prompted the stock exchange to stop trading of some of these more volatile stocks, which were plunging and heading for

a route diet over all things seemed to be improving a little bit on the market, stabilizing a bit. but obviously investors are very concerned about what this means for the long term solvency of these banks and for their investments in them. because as we just heard from our president joe biden, while the government says it will protect depositors who have money in these banks . investors have no such protections and could see significant losses of this trend continues. christian, thank you for that update. kristen sent me life for us at the new york stock exchange. now i spoke to stand the vulgar who's a senior fellow at the american enterprise institute, and he explained why silicon valley bank was vulnerable. a lot of its customers aren't tack, and of course that's been going through a rough patch and so that they took a hit on the, on the acid side there. then they had massive exposure to long term treasury, which they had decided not to hedge because they,

they didn't have to under the regulatory framework the under. so that then combined with concerns late last week about their solvency. and that's really why all came together at once. people suddenly started paying attention to this week for mentals . and then, you know, once you see that other people may be pulling out a deposit, you want to be 1st rate because you want to do it before the bank goes on there. and so i think that, you know, it happens slowly and then all at once as they, as they say, i think the deterioration in the banks fundamentals have been building up for a while. some people had pointed out late last year. and, you know, then once the panic arrives, it can go very quickly. and avenue us present. joe biden has approved a major oil and gas rating project in alaska, known as the widow project. the $8000000000.00 plan led by oral giant, conical philip faced strong opposition for from climate activists. she returns, he joins his line from washington for more. and so she tell us 1st, what exactly has been approved here. this massive project will be

due to then begin construction on a section of the u. s. is petroleum reserve in alaska? about 320 kilometers north of the arctic circle. i was proposed that was the largest ever drilling project. oil exploration project ever prepays on federal that it has been reduced somewhat by the, by the ministration, but will still create 600000000 barrels of crude oil over 30 years. $180000.00 barrels of oil per day. and this all taking place in what is the u. s. is the largest section of christine federal land on the continent. why was this project so controversial, cham or where does one begin? but biden had made a campaign promise that he would not allow any drilling on federal lab

because he would be the 1st president to take climate change. seriously no drilling on federal land period. he said fame. famously, he's already broken that promise. he's already actually, his administration is approved more oil and gas drilling permits, and the trump administration did in its 1st 2 years in office. but this was a massive, massive project, which, i mean, there's the statistics are astonishing that 280000000 metric tons of carbon emissions over the lifetime. that's the equivalent to putting $2000000.00 more cars on the road each year. but just simply approving 70 new coal fired power stations. in fact, the center for american progress said that the emissions there will be more results from this project will entirely wipe out all of the clean energy the renewable energy projects on the federal. now the bite is improved in order to reduce emissions by 2030 by double. so he's completely wiped out all the radically,

all the, all the, all the reductions in greenhouse gases that, that he was planning and boasting about by 2030 in what with one decision. the vitamin search says look, konica phillips had a really strong legal case. and we would lose, we would lose in the courts. but the vibe mentally so it's just all good. and i mean these fight this fight in the cause. this will probably not only 7 are going to litigation from environmental groups, not least because you know, the department of the interior it so so that, that's a huge concerns about this project. just from an ecological standpoint for this, christine land and for the impact on local tribes in the region. very interesting. thank you so much. she had for that, she advertised the line for a stay in washington. china zita, she ging paying, has promised to modernize its military into a great wallace see less tensions wise between beijing and the u. s. he spoke for the 1st time after being confirmed as president for a 3rd historic term. she has also call for beijing to play a bigger role in promoting global security. just days after his daughter mats broke

at a deal between long time regional rival, sandy arabia and iran. katrina, you reports from b, j. clothing, china's annual congress and beating president seat in pain called of the chinese communist party to strengthen the country's economy and security. so syndrome changer we rosemary, nor effort to live up to the toys, to our history and to the people make our generations do contribution of booting a strong lation on the realization of national redrew relation. 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 were see also underline the need to boost innovation and self reliance or response to you. a sanctions blocking, beatings, 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. li chung is tasked with reinvigorating the slowing economy and achieving this year's growth target of 5 percent are made to the to land bar on the currently our economic all polish large . and he has exceeded 120 trading gordon. and we also faced quite a lot of new challenges who's hard to achieve a growth of a wrong 5 percent off or social 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 leads, top priorities. but he's also known for the mismanagement of a brutal corbett 19 lockdown that paralyzed the city for weeks. war shows. analysts say lea chung's loyalty to she didn't pain always. trump his personal policy

preferences. walk me or think a lot about shifting in positions and so on. or so or does she p system especially on the she i think is um is tightly managed enough such that you know, her, the diplomats, the officials will do what they are told. li chung is just one of several close allies. cd 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. well, as china looks at building its military, the leaders of the u. s. u. k. and australia said to announce plans to provide australia with nuclear powered submarines. u. s. present joe biden is on his way to california where he'll be meeting the u. k. and australian prime ministers, many analysts say the orchestra security alliance is aimed at countering chinese implant in the indoor pacific region. aren't you serious defense editor alex, go,

topless, explains. a strategic alliance signed in 2021 by australia, the united states, the united kingdom. it deepens, defense ties between the 3 countries, and enables them to share more intelligence swap defense technology in training and base u. s. submarines in perth. but most importantly, the united states in the u. k. have agreed to help australia build its own fleet of nuclear power attack submarines. these advanced new subs will give australian navy a huge leaping capabilities. a mix of american british technology with many the components made in australia. there will be a huge boost estrellas military industrial complex and will pack a significant punch using nuclear fuel. the submarines range will be virtually unlimited and be able to stay under water for far longer. equipped the long range conventional missiles, they'll be able to attack targets deep in land. and advance sensors will be used to hunt down enemy submarines and destroy them. these powerful new weapons will be

significantly altering the pounds of power in the pacific region. however, china's massive ship building program shows no sign of slowing down and competition between the regional powers is only set to keep growing. still ahead on al jazeera, at least 19 people are killed after an article graded a village in democratic republic of congo. and we meet palestinians in the occupied west bank struggling to survive as the cost of living continues to sore. 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 bright disguised communist that rary of high pressure just

topples its way further east with 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 beijing for the time being 20 celsius before the batch around 13 degrees. still 5 and tries it go on into web stay will be a few wintry flowers 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 really heavy rain around bornea. see some big down, pause here where it is where the started to push a little further waste was, but we will still see a few showers over towards that to western side of the a region, some showers to their into smart ship at southern possibly peninsula large sheet rice largely dry to across much of the south asia. we have got a scattering of showers across the plains. something to watch out for over the next few days. for pakistan is hot and dry.

ah. the old counting, the cause of china has set the lowest g d p target in decades. is the era of reporting growth over the printed up to below. it tells us how least developed countries can reach that full potential. a gene therapies can save millions of lives that come with a jewel dropping price. counting the cost on al jazeera. what's most important to me is talking to people understanding what they're going through here it al jazeera . we believe everyone has a story worth hearing. lou . ah,

we are watching al jazeera life from doha reminder of our top stories. the u. s. president has tried to ease concern over the collapse of silicon valley bank. joe biden says the banking system is safe and that those responsible for the crisis will be held accountable. and the biden administration has approved a major oil and gas drilling project in alaska, known as the willow project. the 8000000000 dollar plan led by all giant conical philips faced strong opposition from time it activists, china's leader, she's in being has promised to modernize his nation's military into a great one as steel. he was speaking for the 1st time after being confirmed as president for an historic photo b, b c has announced that it's present, a gary lenika is to return to broadcasting the corporation says lenika will be back on air while an independent review into social media uses conducted the ex england player had been suspended from the bbc's main football program,

marcia the day after tweeting criticism of the you case new policy on asylum seekers and the u. k. parliament is set to debate that bill aimed at curbing the members of asylum seekers who arrive on british shores in small boats is famed at fulfilling the prime minister's promise to deport any one entering in a way the government considers illegal. no amendments can be made to the text, 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. tens of thousands of junior doctors in england have begun a 3 days strike over pay and working conditions in the national health service. the action by members of the british medical association is the largest by doctors in the history of the any chest. nadine bob report from london junior doctors can tell us that longer among tens of thousands who are on strike but 3 days pushing what amounts to a payroll of about a 3rd. they say that you needed to make up for

a job in real turn, pay since 2008, accounting for inflation. now there are some of them who work in a accident and emergency departments in hospitals as well as elsewhere. and so we didn't just crosses a warning that thousands of people who have treatment affected operations cancelled. they are prioritizing critical care and their senior daughters and insults has been grow tend to provide cover. but the junior talk to the saying that already there are up to $500.00 excess deaths every week because of the extra pressures on the. and i just saying they strike is the only way that they can actually not just protect their job. but the whole system, at least 1900 people have been killed in an attack on a village in eastern democratic republic of congo. it's suspected that fighters belonging to the allied democratic forces. an article that originated in uganda

were behind the raid dfs pledger legion. so i saw and is accused of killing thousands of civilians since 2017 catherine. so he has more from nairobi. these attacks happened over the weekend, or in 3 villages. in one or 45 people were killed and are in another, and 19 people were killed. now the government forces the same that they are pursuing the attackers. adf. ah, rebel group is based in benny territory in east central r, c r. they have been carrying out attacks over the years. thousands of people have been killed. many have been displaced and new. the killings are very, very boot all. um we are being told that our thousands of police a soldiers have been deployed or to that area to try and deal with situations. they are for the are and dealing with a situation alongside ugandan troops who are on ground. but then even with these

offensive that is going on a very steep we are seeing a lot of attacks are being carried out by adf. ah, the commander of ukraine's ground forces says his troops are repelling russian attempts to take the eastern city of batman by the situation. there is difficult toast with rushes. wagner private military group control at least half the city, but see the fighting is becoming more intense. the further they advance moscow has made a win back board, a strategic and symbolic priority indicating a could paved the way for further advances. mission years old, 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, a load which is russia's irreversible loss. the loss right there near buck mort scott. furthermore, at least 1500 more in the me symmetry losses. those who can no longer continue

fighting, plus dozens of units of enemy equipment were destroyed, and more than 10 russian ammunition depots were burned down. they shall the wishing and button which is tough, very stopping since the enemies 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 shilling got us, the more text appear and the ukrainians throw an endless reserves, but we all advance it and we will keep advancing. i don't fear. the oldest palestinian prisoner held in an israeli jail has been released after 17 years behind bars. 83 old wyandanch hibachi rose accused of smuggling weapons into a ship from you run to gaza at the height of a 2nd palestinian uprising that ended in 2005. he originally received a 20 year sentence, which was later reduced. well, it's been one of the most violent years for palestinians, andry is really occupation in more than a decade and in the occupied west bank, where tension is high. the rising cost of living is making life even harder for

hierarchy reports from ramallah. o. magdalena is the mother of for living in the occupied west bank. she's buying food for her family from ramallah main food market . fruits and vegetables are slightly cheaper here by many palestinian households. the monthly budget doesn't go that far. in the slide, invalids fee for the situation in the country now is that there is a bigger divide in social, economic classes and those working in israel, or just managing the rest of the palestinians. working in the occupied wis bank, especially government employees. they are the ones really struggling, may god be with them. 26 year old and unemployed. so would double. hillel meets a friend trying to help him get a job in west jerusalem salaries. there are higher. but israel restricts palestinians from entering the city. meaning there are no guarantees and cost of transport to get there is expensive and amount of money they owe comes to us in 4

to 5 years. being a land broker was more dignified than now. prices are more expensive and there's no money for the home or family does nothing, no jobs. the economy is struggling and according to the palestinian central bureau of statistics, the only grew by 3.6 percent last year. that's half of 2020 one's growth. now just to give you an idea on the high cost price, if a tray of x last month cost $3.00, now they cost almost $6.00. i'm being able to sell me on the dining table is considered a luxury these days. probably seen in the far as he says is taking measures to reduce the cost of the base. the commodities. i'm going to say if this continues the costs rising, palestinian found that he's going to struggle to make ends meet me might even see more protests palestinian authority has told al jazeera plans to spend 50000000 dollars to propose the fuel and flour sexes and fixed prices with some basic goods,

they are constrained by the money. that is what i am sense to them. they're constrained by less funding from the donor community. but at the same time, they're expected to manage the economy by an increase spending. so they have their constraints. the pandemic cool and ukraine and years of the konami challenges under israeli occupation have hurts palestinians. israel's withholding of vital tax funds from the palestinian authority means government salaries aren't received on time. the funds accounts for more than 60 percent of its annual revenue. that would was to show us how successful his online business was before being unemployed. i tell him, it looks like he has plenty of online followers. he agrees while showing us his facebook page where he sold her made meals and our big coffee though would they have lost his business because he could no longer for the ingredients he needed. but he says he hasn't lost hope of finding

a new job. so the height of al jazeera ramallah in the occupied westbank. after a long legal battle, tokyo's high court has ordered every trial for a man believe to be the world's longest serving death row inmate. 87 year old former boxer e y o hack armada was sentenced to hang from murder nearly 6 decades ago. he initially admitted to the killings but later retracted his confession. rice group say it was given during a brutal police interrogation on the science fiction comedy. everything everywhere, all at once, has won 7 oscars, including best picture of the academy awards in los angeles, the film, one in more major categories and any other movie in oscars history. majority asian cath and directing team also broke new ground for oscars. diversity algiers, heidi chicago has more at the me, ah, 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 escape the world and thus passed that love of movies on to me. my mother, who was a creative, saw, who wanted to be a dancer, actor and singer, were, could not afford the luxury of that pillow. pat, 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 possibility. and best supporting actress in 1st time oscar winner, jamie lee curtis. ah, indian co star key week 11 best supporting actor, the 1st win for an actor of vietnamese ancestry. my journey started on

a boat. i spent a year in a refugee cap. and somehow i ended up sue or hollywood, but at this stage, one was a child star who had quit acting due to the lack of roles were ancient actors. ah, renden 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 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 with trying to bring dead on children. what they did a presumed dead on mom a songs. and don don, susan did one odd form, you know, to go to all other parts of the world 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 color, 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 audiences. heidi joe castro, al jazeera los angeles. ah, the headlines on al jazeera u. s. president joe biden has tried to ease concern over the collapse of silicon valley bank. he says the banking system is safe and those responsible for the crisis will be held accountable for management of these banks will be fired.