101 east. on al jazeera, the police footage starts with what appears to be a routine traffic. stop, but quickly the situation escalates. no, any, police can be seen beating nichols and trying to subdue him with pepper spray. he can be heard crying for help and for his mother. o. nichols died from his injuries 3 days later as that video was being released. protestors in memphis took to the streets to call for justice. this is certainly a city very much still in shock by what they saw in that video, the violent beating death of tyree nichols at the hands of police. ah. asian stock markets. dip on the back office. 2 major us banks collapsing.

ah, hello, i'm adrian again. this is al jazeera alive from dough ha. also coming up, moscow agrees to extend the black sea grain deal. but with a 60 day time limit, united states united kingdom in australia, lay out plans for a nuclear submarine deal to combat china's influence in the asia pacific leaked testimony in greece. sheds lies on what may have caused a head on train collision that killed 57 people. ah, we begin with a continuing fall out from the biggest bank collapse in the u. s. since the 2008 financial crisis, stock markets in hong kong in tokyo closed more than 2 percent down on tuesday as international investors remain rattled. that's despite the u. s. president jo

biden's assurances on monday that the country's banking system is safe signature bank and silicon valley bank failed within a week of each other. banks failure has made many people nervous right across the u . s. our white house correspondent jibley health reports. after a weekend of dramatic whitehouse emergency actions before us president joe biden on monday announced that the banking system is safe. biden made the announcement following the collapse of silicon valley and signature bank last week. 2 of the largest bank failures in us history on friday, us authority shut down silicon valley bank to protect depositors doing the same on sunday for signature bank. the bible says even though both are now under federal control. unlike the 2008 financial crisis, tax payers won't, for the bill, no losses will be borne by the taxpayers. let me repeat that no losses will be

borne by the taxpayers. instead, the money will come from the fees. a banks pay end of the deposit insurance fund. instead the cost of covering the deposit will be paid for out of an emergency fund set up by a government agency known as the federal deposit insurance corporation or f t. i see it's funded on a quarterly basis by the banks themselves. additional bailouts will also come from selling off silicon valley banks asset the banks funding their own bailout. not the tax pair is a key difference from 2008 when the troubled asset relief program or tarp use taxpayer money to purchase $700000000000.00 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, knowingly took

a risk. and when the risk didn't pay off, investors lose their money. that's how capitalism works. on monday anxious customers waited outside new york signature bank, everyone should be worried for the fall of from the bank in crisis isn't just an economic problem for president biden, 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. just as he set to announce his 2024 presidential reelection campaign. kimberly held hit al jazeera, the white house. let's go live to london out as he was. andrew simmons is there for us, so i'm sure plenty of fall out in asian markets such date less so in london after yesterday's dramatic fools. yes is certainly no overall recovery yet,

but right through europe or, or less impact than asia or where there is a ripple of real discontent there in the markets. now in terms of the banking sector in the foot c, $100.00, we're looking really at 1.2 percent drop tuesday. that's compared to a 4.9 percent reduction in the previous session. there is a hsbc, standing out of the h as b, yours largest bank where which actually took on for a nominal one pound the s v b banks u k arm on monday. that was a massive relief for the tech sector. but really, it can't be read that this is the way forward, right across a international markets and with small banks getting into troubles. but the overall view from analysts says, this is not going to be anything like

a 2018 banking crisis, or more like a number of small banks getting rattled over interest rates are but interest rates are key to this and also government bonds because so many banks have relied on, on government bonds are as being worth more than they actually are applies to all banks, but the big banks are not as reliant on this. so we're getting a pitcher now whereby there is still uncertainty. there's still a rattle amongst investors who been warned by in america by the president joe bark brighton at. the investors have no protection and that's causing more and more unrest and difficulties in the markets of zeros. answer simmons live in london. many thanks, andrew. susanna streeter is the head of money and markets at the financial la services from hargrove's lands down, as she explains why investors remain rattled. there is still

a great mass of nervousness surrounding at the face of those smaller regional banks in the united states. because there, there is a worry that more depositors are still putting up and money even though essentially . and we do believe that vassar offered to back the deposit of those collapse banks, s b b will. so signature bank the offer would probably be extended. an oil, certainly in another bank, was to fail, but even so it seems that some depositors are taking their chances. i'm putting out the money the same time as you heard then that click joe biden saying that investors won't be protect, says that's led to an extra loss of confidence of a shareholders in some of these banks, which is why you've seen the share price plunge. so dramatically, however, do you think as far as why the contagion is concerned, even though there is a little of a sunny riffling through the market. because the bigger banks have had to really be

felt that capital buffer, since the financial crisis is very unlikely to spread to those banks as well. even though they may be sitting on large pause or unrealized losses in that bond portfolios. but essentially, they have much more stable deposits and other revenue streams are which make their situation a lot less precarious. labrons currency has continued to plummet except record lewis right now. just 3 years ago, $1.00 was trading at around 2 and a half 1000 lebanese lira. now, it's unofficial value, as they only reached $100000.00 clearer against the dollar. the kansas lawson valley was hook people's purchasing power. of course, in 2021 kilo of chicken cost $2800.00 lira. now it's going for more than $600000.00. we'll go from that as making attempts to stabilize the currency of as pushing for reforms. st hotter reports from beirut, lebanon's local currency,

the lira continues its free fall, its been sharply d value away since the onset of an economic crisis in late 2019. but in recent weeks we've seen a sharp evaluation. it is now trading at $100000.00 lire to the dollar. at the start of this year, it was trading at $50000.00 lire to the dollar before the economic crisis in late 2019. it was trading at $1500.00. so this is the 100000 bill, this bank note. it is the biggest bank note in circulation before the economic crisis. that was worth $67.00 a dollars. now it's worth a dollar. now this is causing a lot of suffering because the majority of the population earn in the local currency and lebanon is an import dependent country. it imports almost everything, it needs, so prices keep on on rising. in fact, if you go to supermarket,

everything now is priced in dollars because a store owners are not able to keep up with the fluctuating exchange rates. what are the authorities doing? the central bank has tried to stabilize the market a few times by pumping dollars into the market, but it's just not working. in fact, what is happening is it is damaging the foreign currency reserves. before the crisis, the there were $30000000000.00 in the central bank. now $10000000000.00. the solution is for the authorities to carry out much needed economic structural reforms. reforms that will hurt politicians who are in power. they've been reluctant to do that. but unless they do that, then, then the currency, which really is worthless, you can, you can barely buy anything with this. and now we'll just continue to devalue even further. ukraine's president, hello to me as landscape says that a russia missiles strike in the city of crime or tours because killed one person

cremmit hoskis just under an hour away from the eastern frontline city of bark moves, which has been almost completely destroyed and near constant showing savanski says the 3 people were wounded and 6 buildings damaged in the attack. he said the buildings were residential, and he again accused moscow's troops of targeting civilians. russia has agreed to extend the cream gray and export deal after talks with the u. n, but only for 60 days, half the length of the previous agreement. the great export packed has helped ease the global food crisis, triggered by russia's invasion of ukraine last year. we'll then 24000000 tons of grain has been exported under the deal. let's go live to ukraine's capital keefe out as here. stephanie deka, is there? stephanie, what more can you tell us about this russian missile strike on that hits the sitting area of chroma? talk? yes, it had a residential building and the grading presidents you mentioned they're putting

that on his telegram account, saying that one was killed, one person was killed and that russia continues to target civilians. premier taurus sca is just to the west of black moods, but mood of course now the scene of the battle that the media and the politicians are focusing on a deadly and very difficult battle for both sides and. and premier taurus and sla leon's, which are 2 of the bigger towns to the west of that. there is a fear that if russia would take mac mood, that it would then move on to those areas. but again, you know, it, is it fight that's proven extremely deadly on both sides. very difficult to confirm the exact numbers from the ukrainian soldiers killed from the. 6 private mercenary wagner, group fighting for russia, but certainly that death toll is incredibly high assess moscow's says the moscow rather says that it's early wanting to extend the the ukraine export deal for further 60 days. and that must be causing some consternation guarantees.

yes, because under the terms of the deal is supposed to be extended for a $120.00 days. that deadline is on saturday. march, the 18th talks have been going on brokerage by the united nations and turkey between the 2 sides. basically, you have russia now saying it will extend but only for 60 days because it has issues with what applies to moscow saying that the sanctions are affecting its own exports. and ukraine is saying, while this is a 120 day deal, it needs to be extended by a 120 days. the feeling is among those with the talks that they, it will be extended. whether it's 60 days or a 120, it will remain to be seen it's, it's vitally important globally, this deal because of the amount of grain and wheat exports from ukraine and russia . it has an effect. it did have an effect on global food prices at the time, which is why there was such an international push to get this deal on the table,

which basically means russia allows ukrainian ships carrying cargo to pass through the black sea and through the boss for us so again, back and forth between the 2 sides, but it does seem and the feeling is that it will be extended whether it's $6120.00 days, we'll have to wait and see out 0 stephanie decor reporting live from ukraine's capital . keith, many thanks stuff that the way india has designated rushes, wagner must regroup a terrorist organization. the government accuses the private army of systematic, serious crimes of aggression in ukraine. wagner has been on the frontlines of the east of the country. the u. s. believes that around 50000 fighters in its ranks, including 40000, recruited from russian prisons with the promise of reform. still to come here on out here a tens of thousands of russians have moved to neighboring georgia in the past here . but many of them face suspicion will tell you why

frank assessments this treaty provides us with this hopeful moment where countries could come together and stop putting in place. the rules will allow us to treat this global commons with the attention. it deserves informed opinions that g thread, we should have climate change as the center of the gender and not be overshadowed by the order that has been critical debate. chinese side should we be shared with ukrainian leadership. you may talk about other thing you could talk with inside story on al jazeera, brought forth the law a will. the law when with neither side, willing to negotiate is the ukraine war becoming a forever war is america's global leadership, increasingly fragile. what will us politics look like as we had to the presidential elections of 2024. the quizzical look us politics, the bottom line, an app that the seas for the blind and

a robotic arm for the disabled. a young australian engineer is inventing tools to help people gain independence with or side of that will put to the ability to recognize objects, all the firms so that people with it a vision would be able to recognize everyday object. women make science robo gals, episode full on al jazeera. ah ah, hello again. this is al jazeera. let's remind you of the main news. this our stock markets in hong kong in tokyo, closed more than 2 percent down on tuesday. as international investors remain rattled by the failure of to us banks, that's despite president job biden's assurances on monday. the country's banking

system is safe. russia has agreed to extend the crane grain export deal officer talks with the un, but only for 60 days. the agreements helped to ease the global food crisis, triggered by russia's invasion of ukraine. lost here. bitching, says australia, the u. s. of the u. k. have disregarded the concerns of the international community and gone further down a dangerous road. the comments come a day after president joe biden hosted prime ministers, richie sooner. can antony albanese in california? the 3 lead us announced that australia will buy at least 3. you asked manufactured nuclear submarines. john henry reports now from point loma naval base in san diego . it is a bold effort to shift the balance of power in the pacific. the leaders of the u. s . the u. k. and australia cementing a plan to deploy nuclear powered submarines from the australian coast are unprecedented. trilateral cooperation, i believe,

is testament to the strength of the longstanding ties, the united and our shared commit. auburn sure. the endo pacific remains free and open. prosperous is secure. the plan will take decades to complete. the defense alliance called arcus, has already begun with the 1st of hundreds of australians embedding in u. s. and u. k. submarine building programs. more u. s. subs will start visiting australia this year, while british subs will increase rotations from 2026 by 2030 to australia, plans to buy 3 nuclear powered subs containing conventional weapons from the us, with the option of buying 2 more. and sometime in the 20 forty's, australia expects to have its own nuclear, so built by the u. k and australia using u. s. technology. the orchestra grama we confirmed here in san diego, represents the biggest single investment in australia's defense capability in all

of our history. the biggest threat in the pacific comes from an increasingly aggressive china, which has built new fortifications in the south china sea. it's a situation that china has, has created and brought upon itself very much like girl russia has in the ukraine in china's gigi and paying his called the august plan, an effort to encircle and contain his country view as, as missouri. here is a nuclear powered virginia class attack submarine. the kind of u. s. will send to australia is that country developed the capacity to build its own nuclear subs go longer, farther and faster than conventional subs. and that's a big advantage. the new fleet, replacing australia's aging diesel force requires the u. s. and u. k to boost their nuclear ship building capacity and to build one in australia from scratch. but ultimately, the defense of our values depends, as it always has on the quality of our relationships with others,

with china engage in its own submarine building program and flexing its muscles in the south china sea. the 3 english speaking arcus nations are betting that together . they can better counterbalanced the size of china's naval force. john henderson al jazeera san diego, president biden, has approved a major oil drilling project to the u. s. state of alaska climate activists of strongly opposed to multi $1000000000.00 plan. they say it undermines the administration's pledge to slow climate change and comp, greenhouse gas emissions. the approval comes a day after the government announced limits on oil and gas extraction in alaska and the arctic ocean group of israeli protest as trying to block the road leading to the prime minister's office after parliament passed the 1st reading of a controversial bill to overhaul the judiciary, if it becomes law, parliament would be able to strike down decisions by the supreme court. this simple majority, it will lead to pass the 2nd and 3rd reading before it becomes law. iran,

calm reports from west jerusalem. even before the 1st reading happened, the protest movement announced that on thursday they were going to do a day of escalation. they want to get more and more people out on the streets. now we've seen huge numbers of people out on the streets on saturday, 500000, across almost 95 locations in the country in israel. so we will see more people as every that's what people are saying on social media that they need to get out. what they will they trying to do with this is put pressure on any politician within the coalition that might be wavering, are to try and switch sides. if that happens, then the coalition government is over local for new elections. it's a big ass, but that's what the demonstrators are trying to do. a judicial inquiry is underway in greece to bring justice for the 57 people killed. when a passenger train collided, head on with a freight train last month,

some of the responsibility for the crash could fall on the italian state railway group, which operates greece, is passenger trains, as jobs, roblis reports from athens. throughout greece, there is fury with the government by its own admission. it failed to install safety systems that could have told human operators, 2 trains were on a collision course. many of those killed were students. one of them, a colleague of funnels vanities it's just unimaginable that on a country's most central rail route. you wouldn't have a backup system that tells you what direction to trans or traveling in and whether they're going to collide. greek real has largely relied on human systems centered on this room inside the hellenic railways organization headquarters. this is the nerve center of the greek rail network. a central traffic coordinator sits at this desk. trained drivers give him their whereabouts through this vhf radio system. and

he plots their progress on this paper chart, but this completely manually operated system is not all knowing a local station master can switch tracks without telling the coordinator. that is what happened on the night of february 28th, when, according to leaked testimony, a station master's switching mistake. since the northbound passenger train, 62 up a south bound track into an oncoming freight train. killing 57 people. a veteran head of rail security says that mistake wouldn't have happened in the days when 3 people sat in this room. and as other wash head brush, they used to be an experienced train driver and an experienced training specialist who sat with a traffic coordinator. they were in contact with station masters and trained drivers across the country. if any mistakes happened, they were fixed within 2 or 3 minutes. he had a net trained in the way with that institution in late 2020. what is it? your line hellenic train is the hellenic railways,

organization subsidiary that runs greek passenger trains. it was sold to the italian state railways group in 2017 to cut costs. the italian management abolished route checking inspectors on trains over examiners. if the inspector's duties had been left intact, train $62.00 wouldn't have left the station on the wrong track. and if he had, he would have used the emergency brake. yeah. if the attending company doesn't want to enforce to say tables and that they can return the shares in hellenic train under the greeks dates go home. hello, the train didn't respond to requests for comment. what's clear is it the greek state failed to install 21st century safety technology, and that the italian train operator cut stuff with safety roles. 57 people died and a crash rail experts say was utterly avoidable. jumpstart opal. us al jazeera adams, russia, and the former soviet republic of georgia have had

a strained relationship for many years, but tens of thousands of russians had moved there since the start of the war in ukraine. the arrival of seen a mixed reaction. a spun of snatch reports from georgia, capital tbilisi douglas pace, which was like in time, no prisoners that they'd take you into this building was known as the house of terror to the 80000 georgians who had taken here during 70 years of soviet rule. up to 20000 was shot mainly during joseph stollins, great terror from 1936 to 39. last more she was arrested and shot their guides from the soviet past research laboratory. take tours across tbilisi to remind people of life in the soviet union. this regime has the propaganda, whole wide propaganda and it's their bright. i'll turn a to west. it's a fierce tate, it's a free state. it's the status, their elaborate and the piece and all of this pro program that walked and also is working today which is used by russia as

a tool of the information was machine. but such, such kind of buildings are illustrating the real face of the regime. recent history has helped cement many ga, suspicions of post soviet russia. moscow is back to that protest in the georgia regions of up cars and south of set it. there was a war with russia in 200-828-0000 georgians were expelled now, living as exiles in our own country, 90 percent of georgians. according to recent polling, believe russia pose is the greatest political threat to that country. russia always betrays georgia, it's in the nature they pretend there are allies, but in reality, there are enemies on those views help explain why protests by tens of thousands of georgians forced the government to scrap a foreign agent law that was viewed as being modeled on one in russia, where it's been used to crack down on descent, anti russian graffiti is everywhere. and typically see the interior ministry says

112 russians are here. glad reason can arrived 12 months ago and was worried about how he'd be accepted. my friends and i was a little bit nor was coming to this process because i do even need to be here is our war or georgia. but when the u. s. can locals they have full support rather than helping them. and i think it's amazing that this stuff, united people, the russian influx has made georgia, one of the fastest growing economies in the world. but opposition part is a calling for a visa regime for russians. echoing the suspicions many georgians feel towards the new arrivals. bernard smith, al jazeera tbilisi, ga, a state of disaster has been declared in malawi after a powerful storm hit the country for a 2nd time. in less than 3 weeks. tropical cyclone freddie brought more powerful winds and torrential rain over the weekend. at least 100 people have died in malawi

and neighboring mozambique. it is the longest lasting storm of its kind on record in the southern hemisphere, with thousands of people in california have been told to leave their homes as the state braces for further heavy rain. the states, 11th, atmospheric river, of the season, is sitting at already sovereign region. that still coping with flooding after the weekend emergency services in the area have conducted more than 100 rescues and evacuation orders are in effect for 10 con counties. that's it from me. the news continues here on al jazeera after inside story. next ah ah

hello. we got some lovely spring like weather into japan, cherry blossoms out early. once again. we are looking at staying lossy far to dry, high pressure to squeezing this unsettled where the route of the way a 17 in tokyo said not too bad. it's already fully, very pleasant. over the next couple of days. 13 celsius there for so little bits and pieces of glass. my squeeze after a little bit of drizzle through here 13 there for beijing as we go on into work thursday. wet weather will ease its way across. western central parts of china are ahead of that. still dry shanghai at around 20 celsius. that is some re making his way back into that western side to pay by the state, but are the sort of mounted. yep, take care during all right. 20 sales just by the state at 60 in fahrenheit. and i was looking at those kind of temperatures across india because it's still very house of course. so, but you're still getting up into the mid thirty's, up by western side of in the, up towards the north west in pakistan as well. again, getting up into the 30s, showers, becoming a little more wide, spread across

a central parts of in there. as you go on through thursday, what a rash house just about anywhere by the state. we will see some wet to where the garage make its way across bung with dash could see some heavy down pools here with some thunder. couple shackles on the carty rank, grassy moving into the funnel, east of india. ah, what is gay city has become a major label issue? the demand is going straight up, the supply is going straight down, turning in essential natural resources into a commodity trading for profit. just because it's life, i mean, it cannot be priced. what about the guy that can afford it? that guy told me to water mm. al jazeera examines the essential financial and environmental impact of water privatization notes of water on al jazeera, a sports casters tweet sins, one of the world's most respected broadcasters.