oh, with on a just 0. this is the image of hong kong, the damsels visitors, a bustling, glamorous city. but under ground, a different reality appears. official figures released in november show the number of people experiencing homelessness is the highest in a decade. and this shop rise in the number of women experiencing housing insecurity . that report also said there's need for better services and more funds for hostile accommodation as the situation westerns. it's the middle of winter here in hong kong, and the temperature often drops below 10 degrees at night. people in this underpass are preparing for another nice exposed to freezing conditions. ah as silicon valley bank customers q to retrieve that deposits. the you as president

ria shows the markets, the banking system is safe. ah, hello, i'm marianne mossey and london watching ouch is era. so coming up on the program this hour, a major oil and gas drilling project given the go ahead in alaska. but climate activist sate undermines washington's pledge to combat climate change. u. k. politicians debate a controversial immigration bill that the u. n. says amounts to an asylum ban and everything everywhere and all the oscars. a record, whole of academy awards for the slow buns. sy fi hit of the year. ah, hello,

and welcome to the program you as president joe biden has tried to reassure perkins at the country's banking system is safe after the collapse of silicon valley bank. it's the largest failure of the us bank since the 2008 global financial crisis. biden says customers and taxpayers will not bear any losses. kimberly how get now reports after a weekend of dramatic white house emergency actions for us president joe biden on monday and now it's not the banking system is safe, biding, made the announcement following the collapse of silicon valley and signature bank last week 2 of the largest bank failures in u. s. history on friday, u. s. authority shut down silicon valley bank to protect depositors doing the same on sunday for signature bank binding says even though both are now under federal control. unlike the 2008 financial crisis, taxpayers won't foot the bill,

no losses will be borne by the taxpayers. and we repeat that no losses will be borne by the taxpayers. instead, the money will come from the fees and banks pay end of the deposit insurance form. instead, the cost of covering the deposits will be paid for out of an emergency fund set up by a government agency known as the federal deposit insurance corporation, or f d. i see it's funded on a quarterly basis by the banks themselves. additional bailouts will also come from selling off silicon valley banks assets the banks finding their own bailout, not the taxpayer is a key difference from 2008 when the troubled asset relief program or tarp use taxpayer money to purchase 700000000000 and toxic assets from the banks, and unlike in 2008, those who sought to make money through investments also won't be saved with

taxpayer funds. 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. on monday anxious customers waited outside new york signature bag. everyone should be were oh, the follow from the banking crisis isn't just an economic problem for president 5 in but also a political one, was still soaring, inflation and an economy in recovery. the white house knows the president can't afford any new economic shocks. justice he said to announce his 2024 presidential reelection campaign. kimberly held hit al jazeera, the white house, me while here in the u. k. authorities have also been reassuring taxpayers that they won't be liable either. after emergency talks, europe's largest bank,

hsbc stepped in to rescue the british division of silicon valley bank. the u. k. banking system is extremely secure. it's well capitalized and i think we've demonstrated that resilient spy what was happening over the weekend and the fact that we were able to come up with a solution. so quicker out there is andrew simmons brings us more in the story. now he's reporting from here in london, it has to be said that some 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. 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 loss 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 being increasing government bonds go down instead of 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 companies reliance on this bank. we're, we're working out one earth there. we're going to do on monday morning thinking like wouldn't be able to pay that staff. they wouldn't even be to pay that cleaners the 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. one well in other stories are falling from the united states today. president joe biden has approved a major oil and gas drilling projects in alaska. the $8000000000.00 plan led by oil giant konica phillips faced strong opposition from climate activists. a say it

undermines the administration's pledge to combat climate change, reduce greenhouse gas emissions. announcement comes a day after the government said that limits on drilling oil in $16000000.00 acres in alaska, and the arctic ocean would come into force. chaper tansy has more from washington biden had made a campaign promise that he would not allow any drilling on federal down because he would be the 1st president to take climate change. seriously no drilling on federal land period. he's that same famously. he's already broken that promise he's already actually, his administration is approved more oil and gas drilling permits on the trumpet administration in its 1st 2 years. the emissions that we'll have will results from this project will entirely wipe out all of the clean energy the renewable energy projects on federal landed by this improved in order to reduce emissions by 2030 by

double. so he's completely wiped out all the so radically, all the, all the, all the reductions in greenhouse gases that were, that he was planning and boasting about by $20.00 to $30.00 in one with one decision on the spokesperson for the sector general has said that antonio terrace reiterated his opposition to this alaska project. whether, you know, renewed investment in, in, in carbon, in carbon energy is something the secretary general has stood against whether it happens in it, in any country, including, you know, in the united states and the gulf anywhere, anywhere you want or you want to see want, ah, now you as president joe biden is set to meet the leaders of australia and the u. k . at a naval base in california and announce long term plans for their trilateral nuclear

submarine, dale, the australian prime minister, antony albanese, and britons richie soon i could joining biden in san diego. 18 months after that countries formed a security alliance called orcus is principal goal is to bring australia into the fold of navies possessing nuclear power summaries. many analysts say the alliance is aimed at countering china's influence in the endo pacific region. following all of this force is john 100, he's been reporting live from san diego. what can we expect there in the coming hours? john? we write a year and a half ago, these 3 leaders announced a program called arcus, which is a mash up of australia, the u. k. and the u. s. and it was to be a submarine program that they were all going to cooperate on. what today we expect to hear from them, the details where we got a preview from jake sullivan on air force one. and we know that what this is, what's going to happen is that this will,

this program will go decades long. it will begin with u. s. and u. k. submarines making rotations in australia as a matter fact there's a u. s. submarine in the board of perth right now. but eventually, over the course of years, australia starting in 2032 would by 3 nuclear power, but carrying conventional weapons submarines from the u. s. with the option of buying 2 more. and then they would work on their industrial asking because ultimately they would make their own in australia that's not expected to happen until the 20 forty's. now, senior white house administration officials have said they were prodded in part by the war in ukraine. it showed the cooperation among european nations there in part by the threat of north korea. but the major threat that looming in the south china sea is china itself. it has been aggressively taking manmade islands and

using them as military fortresses. they've been rattling sabres over taiwan, and the u. s. has been trying to combat that and by combining with australia and the u. k. so this is an international program to try to try to deter the threat as the u. s. would put it from the world's largest navy, and we are very fortunate john to have it out to have the timing of our conversation seems to coincide with this wonderful broadband rehearsal taking place, presumably, getting ready for those upcoming speeches. tell us more about the, the purpose of us because we have seen tensions rising in the end of the pacific region. there is a great deal of concern about china's intentions towards taiwan as i've been any

reaction from beijing to this. absolutely, she's been paying has said this is clearly an effort to encircle and to contain china, and he's called it an aggressive and provocative military move. the u. s. is that is not the case of these 3 nations. say that this is actually an effort to can, to deter any kind of military action in that region, but not to aggressively for one. they say it's a peacekeeping effort between those countries. china went on to say it is violates a non proliferation agreement between the countries. the u. s. a has counted that aggressively pointing out that these may be nuclear powered submarines with their carrying conventional weapons. so there is no proliferation. that the issue the china was raising is that this gives nuclear capacity to australia in terms of,

of the submarines. but these are not nuclear weapons b u. s. has sort of been pressing back on that. but this also caused a bit of a careful with france initially, france had a deal to offer diesel powered submarines to australia and australia pulled out of that deal. in order to begin this one emanuel met, crone of france, recalled ambassadors from those countries. and it's taken months for the u. s. 2 and the other countries to apologize and, and to say that they really messed up with the messaging of that macro now says it is a non issue. all right, thank you very much from san diego where things appear to be just a little bit quieter. now. john henderson, i'm there is defense and it's alex could tell place takes a close to that. now it's how the trilateral security pack wax. a strategic alliance signed in 2021 by australia, the united states, the united kingdom. it deepens, defense ties between the 3 countries. it enables them to share more intelligence,

swap, defense technology and training and base u. s. submarines and puff. 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 australia's navy a huge leaping capabilities. a mix of american british technology with many the components made in australia will be a huge boost restrain his military industrial complex will pack a significant punch using nuclear fuel. the submarines range will be virtually unlimited or be able to stay on the water for far longer. across 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 pause is only set to keep growing. chinese leaders

using thing as close to countries annual congress with her call to modernize its military into a great wall of steel, new chinese premier and g ally. baker chang also gave his 1st press conference outlining bay jenks economic priorities between the reports on this. now from beijing clothing, china's annual congress and beating president seat in pain called on the chinese communist party to strengthen the country's economy and security. so syndrome tricia, we rosemary, 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 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, were see also and aligned to the need to boost innovation and self reliance. a

response to you, a sanctions 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 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 learn power from currently our economic all polish 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 around 5 percent off. i'll sasha hi, base figure is not an easy task for anita well 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 priority is low,

but he's also known for the mismanagement of a brutal corbett 19 lockdown that paralyzed the see for weeks war shows. analysts say lead 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 us or, or the ccp system, especially on the she, i think is, um, is tightly managed enough such that, you know, does the diplomats, the officials, will do what they're told li chung is just one of several close allies. seaton 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 beijing much more still had for you on the program, including this story. the united nation is saying that negotiations are the only way forward after dozens of killed into attacks in the eastern democratic republic

of congo. ah, ah. hello the weather, sloshy set fare across southwestern passive here, but away from here it's looking very unsettled. indeed, lots of cloud piling in from the atlantic lots of ray as well, where the systems just ganging up and they will feed their way for a tiny packed ice, abbas, why straits as well? so some very strong winds. we do have wind bonnie's in force across our parts of the british isles and the holiday of ireland. some snow still a possibility as a b a for the next couple of days tuesday. if you flurry said you possibility to sweeping in from the north west and even down towards the low countries east and down towards the up, she could see little dusting hair as well. it will mainly be of rain as that disturbed weather sweeps its way further eastwards across germany, into poland all the way down into the idea to see some brighter dry weather there

for the time being across at eastern side of here. and where to weather will tend to just not a little further. reese was as we go through the next few days, when the brain oser fits into care and that is inside of the met, it's right, increasing some lively showers as we go on through wednesday morning. where the coming in across highland into wiles and england by the state, but for spain, porch. good, it's law sci fi and dry. and it is lottie far to dry cross northern parts of africa, cooler, and sherry there for cairo, and still a few showers rather got skinny. ah, water scarcity 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 precaution, floor. i mean, it cannot be priced. what about the guy that can't afford it? that guy still needs water. al jazeera examines the social, financial,

and environmental impact of a lot of privatization. lots of water on al jazeera lou, lou, i'll come back. you're watching al jazeera life from london, a look at the main stories now. president joe biden has tried to reassure americans at the countries banking system is safe after the collapse of silicon valley bank stalks around the world in financial products, plunged on mondays custom as acute to try and get back that it pulls it. meanwhile, president biden has approved a major or the gastro link project in alaska. the $8000000000.00 plan is lead my

oil giant cannot phillips. this phase strong opposition from climate activists. and the u. s. are going to be in meetings taking place with the leaders of the u. s . australia and the u. k. a naval base in california where there will be announcements about the long term plans on a nuclear submarine agreement, orcus, it's known, this is the name of this trilateral grouping. it's trying to bring australia into the fold of navies possessing nuclear powered submarines. or here the parliament is debating a bill aimed at curbing the numbers of asylum seekers who arrive on british shores in small boats aimed at fulfilling the prime minister's promise to deport anyone entering in a way to government and considered 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 a legislative process. was under the current system asylum seekers who reach the u . k. often able to remain in the country while the cases but the new bill will give

the home secretary the power to remove migrants who arrive in person on small boats after crossing the english channel. they'll be detained until they are removed to a so called safe country to safe 3rd country. that the government is describing a safe. and there are concerns. it is could lead to tens of thousands of people being held in detention facilities until they are finally removed. rights group say the law violates commitments. the u. k. is made in a number of human rights treaties. the un says the law amounts to a ban on any asylum. refugee charities are saying the law one actually stop you migrants from making this dangerous journey across the channel. jolly angela has more of this now from london. this is the m p 's 1st real chose to debate the principles of this bill and then vote on it. and yes, it's going to be a lively one because the opposition is passionate. we know that the labor party will be calling the bill on workable. the scottish national party,

you have called it immoral, but also from within the conservative party itself. there is deep concern from some senior members including former home secretary, pretty patel who's very worried about the possibility it will lead to children being put into detention centers. now that would be 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 found on child detention in this country for which conservatives of very, very proud. so a lot of concern within conservative ranks that children could be detained and i think what they'll be doing is seeking reassurances that there will be amendment to this bill on that issue. now considering the conservative, have a comfortable majority in parliament, it is likely to pass this stage with an i vote today, but then we'll face hurdles ahead. will a, b, b,

c has apologize for the fallout over remarks from present, gary, linda, karen says that he will return to broadcasting corporation says lennox will be back on the airwaves. while an independent review into social media use is conducted. the excellent player had been taken off from the bbc's main football program match of the day after tweeting, criticism of the you case new policy on asylum seekers, or is the government's language on that? federal presented. and commentators then refuse to work over the weekend in support for the broadcast dispos coverage into disarray. now, a high level delegation from the security council says negotiations are the only way to and violent in the eastern democratic republic of congo. a team concluded a 3 day visit to the region where the government of killed more than 50 people in 2 attacks on neighboring villages in north cuba province in recent days. and suspect

to the attack as belonged to the allied democratic forces. uganda, an armed group which has reportedly pledged allegiance to isolate the group, is accused of slaughtering thousands of civilians since 2017 catherine saw he has more than this now from nairobi. lisa talks happened over the weekend in 3 villages. in 145 people were killed and in another 900 people were killed. now the government forces was saying that they are pursuing the talkers adf . rebel group is based in benny territory in our see they have been carrying out attacks over the years. thousands of people have been killed, many have been displaced and the killings are very, very brutal. we are being told that thousands of soldiers have been deployed to that area to try and deal with a situation they are for. they are dealing with the situation alongside your gun

and troops who are on ground. but then even with these offensive that is going on very steep, we are seeing a lot of talks being carried out by adf. was just a couple of other stories of bring, you know, this one from the law we were a state of disaster has been declared on for a powerful storm, hit the country for a 2nd time on 60 ball. these were found on monday, after tropical side on friday, unleashed more torrential rain, and strong winds over the weekend. several others have died neighboring mozambique for the 1st hits of an africa last month. it's the longest last thing, some of its kind on record in the southern hemisphere. minute what if i'm in and her muscle when it was to bed in the night, but now that it is daytime, i can feel the loss. i have never seen something as terrible as this. my neighbors houses are or got. the family members are gone. they are missing some cases. the father is a life, but the wife and the children are gone. what you got by but you know,

i'm helping to find the victim. i know there are more bodies that are still buried so far between 20 and 20. 5 bodies been recovered from the debris and ruined houses and most of the month and very the hospital. but they will look dead, i've seen chaos it, whether else where at least 6 people have died in northern peru into ranch or flooding there. this was brought on by a powerful sight. glen government has declared a state of emergency present in a bullet. want a visited some of the hardest hit regions, highlighting the government's delivery of aid. but officials say at least 58 people have been killed since the start of peruse rainy season, which is clearly causing normal life to grind to a halt out science fiction comedy, everything everywhere. all at once. is $17.00 oscars, including best picture at the academy awards in los angeles and majority, asian cost and directing team broken you ground for diversity is at trial in more

major categories than any of them. movie and oscar history. al jazeera is highly ger castro hospital. at the me versus 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 to escape the world and thus pass that love of movies on to me. my mother, who was a creative soul, who wanted to be a dancer, an actor and figure, but could not afford the luxury of that life pass a show you best actress making michelle 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. i just wondered,

ah gm co star key week 11 best supporting actor the 1st to 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 to are hollywood. but at this stage, one was a child star who had quit acting due to the lack of roles were 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 r r r took best song, beating out competition from both lady gaga and rhianna. what our team has done yet, and you know, trying to being dead on the job. you know, thank you to prison,

dead on a songs and don don susan, dead on 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 screen. 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 jo, castro, al jazeera los angeles. ah.