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tv   News  Al Jazeera  March 15, 2023 8:00pm-8:31pm AST

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ah. ready too often of con, astonished, portrayed through the prism of war. but there were many of canister thanks to the brave individuals who risk their lives to protect it from destruction . an extraordinary film archive spanning for decades, reveals the forgotten truths of the confused modern history. the forbidden real part free the rise of the machine on jessina. ah banking stocks take a beating and u. s. market says credit suisse shares had an all time low will be live from wall
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street. ah, and i am elizabeth brought them and this is al 0 live from doha. also coming up, caution pakistan delays the arrest of former prime minister enron con, after his supporters confront police and the form we're in malawi, we're more than 200 people have been killed in thousands displays dantas icon, fred equals flats and mans lines. and the kremlin says relations with the u. s. o n . a lamentable state after washington accuses russia of darning one of us drawings over the black sea. ah, we begin in the united states where stock market turmoil is continuing in the wake of the collapse of to tech focused american banks would trust the financial sector
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shaken market bank shares tumbled at wednesday's opening bell and european markets . swiss lender credit suisse saw the heaviest losses it shares plummeted by 30 percent to an all time low. that's after a major investor said it wouldn't provide extra cash. that's broken correspondent questions. salumi. she is joining us from wall street in new york. so talk us through the problems at credit suisse. kristen a yes. well, credit suisse had issues even before today, even before earlier this week, when it acknowledged what it described as, quote, material weaknesses. and it's reporting processes for the years of 20212022. today it was reports that its largest investor, the saudi national bank, would not be upping. it's support for the bank due to regulatory issues that sent
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in stock prices tumbling and renewed concerns here in the united states about the broad, the broader banking sector. here, as you mentioned over the weekend to us banks shuttered and had to be bailed out by us regulators over there, issues not being able to respond to rising interest rates and demands from their depositors. i now are seeing the markets react negatively yet again with the dow jones industrial average tumbling more than 2 percent more than 600 points. and this being led by banking sector here in the us. now, the banks that failed over the weekend were regional bank. silicon valley and california a signature bank here in new york. and initially a lot of the concern and a lot of the fall out was focused on regional banks. they are again, taking big hits in the market today at one bank in particular that
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1st republic has issues similar to silicon bank. seeing major declines again today, even though it is reported that it is short up additional funding for its depositors. and the major banks here in the united states are also taking hits yet again, banks like city bag, wells fargo seeing they are stocked trade lower as investors get nervous about their ability to walk to whether the economic storm and head winds that are, that are going on here, at the head of the securities and exchange commission in the united states was overseas u. s. markets attempting to calm investors, saying that there would be repercussions for any banks that are not being run properly. but that doesn't seem to be calming fears as investors look for more stable places to put their money. a lot of them turning to government bonds,
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which are seen as a safer back in touch system. thank you for that. kristen for the latest life for us in wolf street. thank you. mark oswald is chief economist at 80, an investor services international, and he says the stock market turmoil is being driven by relaxed banking regulations . i think it's getting everybody to actually have a much closer look at some of the off balance sheet risk that some of the banks have. but some, all of the accounting practices. they have all switching things from available to sale for sale to whole to maturity. but then finding that they have a deposit run and it's the structural issues of a lot of this actually relates to some of the relaxation of banking. thank the regulations back in 2018 under the trump government, which basically has allowed people to indulge in legal practices, but ones which are not necessarily the good ones in abra sharply rising interest
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rate environment. and it's exposure to some of the, the worse things that we've seen in your like our check us in recent years. yes, it's not being well managed nevertheless, or i think there's 2 aspects of this one. would the swiss government ever let's credit suisse go on that and don't, let's be honest in that same thing would apply to say it's a deutscher bank, which is also your come on the, the, the microscope. so and to it's actually been gradually restructuring itself. and as their chairman themselves observed, the other day, they have been actually st. seeing inflows. so you're to certain extent, this is markets and normal spirits i working at their worst problem being are exuberant. they are irrational leave cheerful. to other news now an israel's military. he says it's shot dead, a person with explosives on monday. israel says the man had possible length to his
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butler and had spoken i caused wanted a man con, he's joining us life and occupied east jerusalem said, what else is that is rainy. ami saying about this. enron will the release the same and saying that the man is believed to across street from lebanon, into northern israel. and there was responsible for planting an improvised explosive device. a bomb was severely wounded in israeli. the statement goes on to say that at the beginning of the week, an explosive device was settled near the mcgee tow junction in north nasal, where an israeli citizen was seriously injured. now the security forces then work to try and find who's responsible for that. they set up a number of roadblocks and checkpoints that they said that checkpoint where this incident took place where these really all me shot dead. a man they said was responsible for planting that device. they said they found more exclusive devices on him, and they also found guns and weapons. now,
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a preliminary investigation by the israeli army suggests that this man is actually linked to his ball law. now the incident is incredibly serious for israel, the border between lebanon and israel is not impenetrable gaps in things like this before, but it hasn't happened in a very long time. so is a very serious security breach. so serious and fat that the prime minister benjamin netanyahu was on an official visit to berlin, who flew today that visit was supposed to last until friday. he's actually on his way back on thursday. it's likely that he's going to address the nation. it's also been taken very seriously by israel security establishment. they've been a number of meetings the last couple of days. the fact that there was a gag order meant that this is how seriously they're taking it was a real concern to them. now is the type of explosive that was used our is bola haven't commented, although i was already, politicians was widely blaming them. but like i say the army being
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a bit more careful so they're exploring potential links. and ron, thank you for that. that is a mon con, with the latest life horizon occupied east jerusalem. thank you. the court and pakistan has ordered police to hold the arrest of former prime minister and man con until thursday. intense scenes, the account house between his, the kitchen and office since he was trying to arrest him. he's facing dozens of challenges including corruption, which he says are politically motivated. come on, hider has more on his lama. ron khan's party had gone to court, saying that heavy handed tactics were being used against the residence of m. ron font, read the supported dad, dad, and a court. i started heading into the origin partition that was filed by the budget on derek and solve i did and ordered that the police should not gary out any further operations on 15, d, m,
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d on 3rd day. now all so important to know that for the last 24 hours, the police and supporters of him ron fawn, had been scuffling, basically scuffling, broke out after the police, tried to arrest them earlier yesterday by their subordinates then responded to police. dear guy, thing would rock throwing, and dad of god exacerbated the situation, but political tensions are very high indeed. no one knows what is going to happen within the next few days. and although the government is determined to address them, ron con, they have not been able to do so despite their best efforts, i haven't called in de paramilitary forces and read, go indeed, high drama being played out. i in pakistan and of god's as a result. they've been protest. another part of the country last night did read more than 200 people have been killed in malawi and thousands more. displaced after
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tropical cyclone freddie devastate and southern africa and has mostly subsided now, but aid workers say the situation on the ground. a still dia. tens of thousands of people have been displaced by flooding and land lines. farming the men of reports from blan tire. there are many people in this area alone who are missing and i'm going to start by sipping out a shot to give you a better idea of what's going on. a just behind me, a group of men digging in what is at least 3 or 4 meters deep mud, full possibly parties. they just don't have any option. they say no help is come. the worst of the psych loan and the flooding, mud slides heavy when all that took place on monday. and people have been missing for 3 days now. and the people here say it's been up to them to look for those who are missing. they haven't been any rescue teams in this area. they say for a short time on monday police work,
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but they couldn't get through the very deep mud where they are now. that was a village. they would dozens of homes. it's now to the boulders, a mug, and only slightly higher on the high ground just behind them. all homes that have survived at least to some extent, though that flooding and those mud slides. but all those homes are damaged and people haven't been able to stay in their homes. you've seen people try and recover whatever they can. and at the same time looking for those who are missing, some people have relocated to a school on higher ground. and this is the best they can do at this point, but it is just the game of wait and see, especially as they wait for some sort of response from the government. and that's the biggest complaint the till has been done to assist them. the government has said, at least 550 people are missing across the region including was in beacon below we at least half a 1000000 people have been affected and the 10s of thousands displaced. this is
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really the difficulty that governments in this region are facing the ongoing rain here alone. it's rain for 6 days already. it's full cost that that will continue for at least another $10.00 days. and it's an inability to access some of these areas in a lack of capacity. when it comes to rescue efforts. at least 13 people have been killed off to flash floods, had takia southeast and region heavy rain since tuesday night and on dated the cities of shallow far an idea man. the flooding happen is the region is trying to recover from last month's devastating earthquakes. fenton monahan, reports ah, this man had a fortunate escape. police rescue workers and civilians have been helping to save those stranded by floods in south eastern trickier. several people have died. in many areas, the emergency services were overwhelmed. you see this area is completely submerged
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. all thirties couldn't set up pumps to discharge the water here. they were call stranded here, but they couldn't find pumps to discharge the water up because the flash floods are hitting areas already struggling after last month. devastating earthquakes that killed more than 48000 people. families forced from their homes by the quakes are now being flooded out of their tents. most bogo. but bill to do as you can see, we managed to relocate our tents and moved to the park. we managed to surround the tents with stuff to stop the water coming in. how the merits on your fha was heckled as he surveyed the damage. many were already unhappy with the government's response to the quakes after yet another disaster. patience is running out. heavy rain since tuesday night had brought flooding. not just to sun yorba but all the other cities, like andrea men,
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authorities have shut down hospitals and schools. in some areas rescue work is underway, but there are fears the death till will rise. benton, merlin, al jazeera, the british government says it will provide struggling families with $115000000000.00 and cost of living support this year. during his budget announcement, finance minister jeremy houghton said inflation was the root of recent strikes. he said inflation rates with 4 from almost 11 percent to under 3 percent this year. told parliament the british economy is now on the right track for so it has more from london. it still represents a 0.2 percent shrinkage of the economy. over the course of this year. he said that inflation would be going down from a high, a 10.7 percent last year. the end of last year to 2.9 percent by the end of this year, again, a major improvements on the original forecasts. but still, in the midst of a period where we've seen inflation outstripping wage growth by
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a very large margin, and many people feeling the pinch, he did offer some support in terms of fuel fuel bills. the government assistance in that area would continue for an extra 3 months. he said, until the end of july, meaning that the average household energy bill would be restricted to a maximum of $3600.00 per year. until then at that point, the expectation is that the, the gas market prices will see a decline in those prices in any case. and his major message was one of trying to get people back to work. young parents, they'll be a huge intervention by the state in child care, extending free child care for those who qualify it. kids very young children and babies age 9 months and upwards up until 5. that is something that's only been available to those older than that 34, and 5 years old, up until now. so that is a huge intervention. also,
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he's scrapped the top limit on taxing on pension pulse. so any money you have an a pension will be tax free that's trying to get 50 year olds and above back into the workforce to try and top up those pension plots. still ahead on knowledge 0. 12 years applies that again 3 in president bashar. where does that, how the civil war has changed the lives of millions of people? a franca, said justice means to give them the basic human rights, not only in the camp, but also inside the me on my informed opinion by the ministration are very concerned about that development especially, or what it means for china's power on the world stage. critical debate, no, only about the legal report, a barclay in depth analysis of the day headline inside story on al
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jazeera, it's been 20 years since the united states led invasion of iraq, which overthrew president saddam hussein a widely controversial military operation that kills hundreds of thousands of iraqis and displaced millions mall a conflict whose consequences are still being held today. the iraq rule, 20 years on, on al jazeera, a with
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a watching out as they are with me. and as the parent of a reminder about top stories, the sour trading of us got off to a negative stop when market sell it on the u. s. government intervention over the collapse of 2 that can banks, investors now worried about credit suisse. it shares fell 30 percent financing trading on wednesday as well as military has shown a person long says, israel says the man has possible length to have bala and had crossed into the country from lebanon. incident happened on monday, but it's only now being made public. and rescue teams and allow we have searching for survivors on to tropical cycle. on friday, the storm brought heavy rain that target flags and land line. more than 200 people have been killed a 1000 to place a brazen violation of international law.
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that's how the u. s is describing the collision between one of its spy, drones, and russian fighter jet over the black sea that cause the drawing to crash. the pentagon says the fighter jet hit the drones propeller, says the military had to clash the unmanned aircraft because of the damage. the u. s. insist the drawing was over international waters and posed no threat. the kremlin says relations with the u. s. o. in a lamentable state. the defense ministry denies that its jets came into contact with the aircraft. the incident, the 1st such direct encounter between the 2 military power since the ukraine war began. whitehouse correspondent committee health that has more on the us reaction the you know, spokesperson for the national security council, john kirby speaking to the american public, but also to the broader global audience. talking about what was conveyed by the united states to the russian ambassador to the united states as he was summoned on
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tuesday. and it was a very, very strong message, essentially, following that incident in the united states defended its mission to saying that there in us national security incest interest, that they are perfectly legal over international waters. and that they will continue doing so. and that russia needs to be more careful in the eyes of the united states. with regard to the recovery of that m q 9 to rail and strong. according to john kirby, it may never be recovered. that's because it's at the bottom of the black sea. and because of the japs, it's likely to not be retrieved, but i, in terms of how this is being received in the united states when it comes to president joe biden's opposition. republicans, well, some of them are not seeing this very well. in fact, as the governor of florida republican rhonda santas is using this as an example,
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he says of why the united states should not be involved in what he sees is a regional dispute between ukraine and russia. and is using this as an example of why the united states should get out to ned. disentangle itself. but there are others on capitol hill like senior republican senator lindsey graham that are saying, just the opposite. this is exactly what vladimir putin watts. and in fact, that the united states should go even harder the next time, something like this happens that the united states should shoot a russian plane down. should this sort of collision type incident happen again. eula shapell the lower as a journalist based in moscow and she has more rushes reaction to the incident last year. it's not looking for confrontation with washington. those on the was of the russian on the, to the us. but he went told,
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saying that russia considered the incident with the american joy and over the black, the publication. the ambassador also said that tre, flying and dislikes to area, allegedly collect intelligence, that key, and then use it was taught of russian military positions. there are also some important reports right now that the forces of the russian blacks, the piece of the my head searching for the right page of the read. but while the united states said that record like will continue that, that haven't been much information on the russian drug defense on the sheet. they was in the telegraph channel, but the united re patrol lee with the truck pulled his hand off and it did. 1 violate the boundaries of the area of the so called temporary space climate stablish key to russian specially show creation in ukraine. and they also said that in order to identify the flying object to rush to find the trend of the air defense,
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both plates crumbled. according to the defense ministry of the result of shot maneuver of q 9, u a b went into an uncontrolled flight. the local shoot and collided, the voice of the black, the somewhere over the crime in putting you that russian find it did not use own board weapon did not come into context. would be a month aerial vehicle. the american could safely return to that home as case it's been 12 years since peaceful protests began in syria, calling for the removal of president bashar said he authorizing to into a civil war and then proxy more involving regional powers. hundreds of thousands of people have been killed, millions remain displaced, but president ass out still in power. the war has tried and one of the world's worst human humanitarian catastrophes in decades. millions of people remain up
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rooted from their homes and a living and rebel controlled parts of northwest. sylvia knew required more spoke to some of those people in ed lib. the curia has been devastated by conflict. millions have died or been displaced since an uprising against the rule of bush began 12 years ago. despite their losses, people say they have not abandoned their cause enemy. oh, when i lost my house and my little sister in the bombardment of eastern or lateral, i also lost my leg and was hospitalized for weeks. we were simply asking for the basic human rights, but instead of listening to us, the syrian regime chose to wipe out the country when the un estimates more than 400000 people have been killed since the conflict ruptured with over 13000000 sling as refugees are becoming internally displaced, they say that despite their desperate situation, the remain hopeful for
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a brighter future for the next generation. i just thought on the last 2 people who prefer to live in these harsh conditions rather than under assets rule. we have the saying that we shall perish, but the syrian regime won't rule us. many still hold that the years of struggle were necessary, no matter the consequence of the gothic hum. to believe that what a view does the rebuilding against the state was in fact, unavoidable. given us our don't abuse of power and condition or be cut into how are you working with actually stopping now is never an option. the uprising expose the true face of the international community as well as the true face of this regime. if you asked me if i would have chosen the path 12 years ago, i would have said absolutely yes. even though we lost so many companions along the way, their sacrifices will not go in vain. if we stop now, our children pay a far greater price. i have a laugh and mac and it's only a be marginal in in spite of the absence of long term
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solutions and hum to aspires to a peaceful life for his children thirds are honoring the 12 anniversary of the uprising a day that are gone to represent whole brand resilience for them or will normally grab the road ahead would be longer difficult. they say that they will never give up until their full feel, their goal, no call much does the ra, a blip. meanwhile, 3 and president, bashar assad has met his russian counterpart vladimir putin during an official visit to moscow. its assets, 1st official, was it outside the middle east since earthquakes devastated north western syria. last month, the meeting comes as russia steps office efforts to repair ties between turkey and syria. earlier asset laid a reef that the tomb of the unknown soldier at the walls of the kremlin on doris is expected to break diplomatic ties with taiwan as it moves to open former
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relations with china, presidency mar, castro says she's instructed her foreign ministry to make the changes under it's one china policy, beijing refuses to maintain diplomatic ties with any country that has formal contact with taiwan. it sees the self governing island is a breakaway province that will eventually be reunited with the mainland. south korea, as scrapping one of its remaining pandemic measures from monday people will no longer be required to wear a mask on public transport. but masks are still mandatory in medical facilities. well, that's it from me. elizabeth, for one of the news continues here on al jazeera, after inside story. we'll have another news hour for you in half an hour. ah
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hello, we've had some really nasty weather across such a kia recently up to the north of the country, 89 millimeters to fright in 24 hours. and that has stretched right across the the quake zone here, causing some problems. lots of wet weather slipping down across, so syria, lebanon, jordan, easing, further east with some heavy and fun down polls also affecting a good part of iraq, particularly across eastern parts of the country. as we go on through the next few days, that will not a little further east was still a few showers coming back behind over the high ground. they will be wintry in nature, crusty arabian peninsula. we have got a little bit of wet weather across the western pass of the saudi arabia as well down towards the southern end of the red sea. but elsewhere, it's generally dry. had pulses, some dust storms blowing away across the western side of saudi da storms to a possibility just around the us. so how northern parts of africa looking fine and dry showers around the occasional fringes of west africa,
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joining up with the heavy showers that we have, rod across the tropics. what still link back to what was tropical cycling friday? the rabbits of the storm. now in the process of easing out to the mozambique channel showers coming back came behind and also a few showers for south africa. ah, join the debate. we know that the sector seems empowered by the government and stained by the government today they are the government, africa health security is also global health. annette online at your voice, there is no right defense. there is no right to protest. we can't just keep relying on aid, there has to be some work toward a sustainable economy. at the end of the day, it is ordinary objects that are paying the price. this anal dedira. the shock waves from the collapse of to us banks have been.

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