but does his work make him a hero or a target witness? the d minor on al jazeera, a salient of the world's biggest gambler, losing him the billions of dollars a year. one on 8th investigates with fred gen levy on out of the year. ah, al jazeera, with a 2 ah,

at a mom elizabeth per annum, and this is the news, allan live from doha, coming up in the next 60 minutes. banking stocks, take a beating, and u. s. market says credit suisse shares had an all time low, would be live from wall street. were in milan, we were more than 200 people, have been killed of thousands displaced after cyclone freddie caused floods. and lance lives are caught in pakistan under lays the arrest of former prime minister and run con, after his supporters confront police and la, for 12 years since uprising against syrian president. bashar said, we look at how the civil war has destroy the lives of millions of people. and i'm far as small. have all the de sport as cuba becomes a 1st team to book a spot in the world baseball classic semi finals. they beat australia for 3 to reach the final 4 for the 1st time since 2006.

ah, we begin this news out in the united states where stock market turmoil is continuing. in the wake of the collapse of to tech focused american bags. would trust and the financial sector shake and american bank she has tumbled on wednesday . that sent the dow jones index down more than $600.00 points or almost 2 percent. a swiss lender credit suisse for the heaviest losses that she has plummeted by 30 percent to an all time low. this was government is reported to be under pressure to intervene. and the anees has spooked oil markets. crude prices have slapped to their lowest and more than a year. the main u. s. benchmark. west texas intermediate crude fell 7 percent on wednesday that spring and corresponding kristen salumi now. she's joining us from wall street in new york. credit suisse has had some problems for

a while now. questions and what is it that made it share value? tumble so much on wednesday. yeah, that's right. they were either having some issues earlier in the week. they admitted that they had some material weaknesses in their reporting. processes and the last couple of years, but it was news that their largest supporter, their largest investor, the saudi national bank, wasn't going to put up any more money to help shore up their finances. that's what got investors very, very nervous. we saw the stocks plunge in european markets and they've been doing the same thing here on the stock exchange behind me in new york as well. and that has re ignited concerns over the banking sector more broadly. here in the united states, after over the weekend, the government had to stop in to protect depositors at 2 banks. that fell due to

a lack of liquidity in their financial situation. and so we're seeing the markets broadly here reflect these concerns commodities prices. as you mentioned are also down. treasury yields are down because investors are pouring a lot of money into treasuries, which are seen as a safer bet when things are uncertain. and as far as those banking stocks go, it was regional bags that were closed over the weekend. and bailed out, those were the areas of most concerns and those are the areas where we're seeing the most losses again at today in the market place of 1st republic, one bank that was rumored to have problems similar to silicon valley bank i showed steve declines today after recovering somewhat on tuesday, tuesday market seemed a bit more settled about the banking situation. and now everything is going down

again. regional banks like 1st republic, but also the big bags like city bank chase. wells fargo also seeing their stock's decline anywhere from 4 to 5 percent as investors looked for a more solid footing and express their nerves. we've had the chair of the securities and exchange commission which overseas the markets here in the united states attempting to calm investors, saying that they're on top of that they're investigating and that charges will follow for any banks that acted inappropriately. kristen, thank you very much for that. that is kristin salumi with the latest live for us on wall street. well, let's get more on this. we're joined now by william lee. he's chief economist and the milken institute, and full a managing director of north america economics. the city group and he's joining us from henderson in nevada. thank you very much for your time this evening. i'm is credit suisse is biggest back a saudi national bank, runing out further assistance to the bank because of limits on how much money it

can give the bank or because of big problems at credit suisse. well, the, the world is now and in a frenzy concerning about a credit crunch that might affect the global recovery because the saudis had against the world that they think that crow sweets may have more troubles then. then was 1st surmise, even though as a reporter said, christmas has been in trouble for a number of years, or no one knew the extent to which the troubles are and the saudi decision. just put a real emphasis on investors having to investigate the soundness of the large global banks. now in the united states, most the call banks are in fact very secure because they've been stress tested and reformed since the financial crisis had put them under a tremendous amount of scrutiny. and what we had, that was a failure was the smaller banks, the specialized banks, like the silicon valley bank because it specialize in a particular part of the economy. but overall, investors today are very concerned because the saudi decision pointed out that

there are potential financial weaknesses throughout the financial system. and what are the weaknesses at credit suisse in particular, it has faced a string of scandals in recent years. hasn't it? well, the scandals are, are, are really assigned that management is not where it should be. and i think that's the 1st thing that anyone looks at is that say, what does this institution have? good management can we rely on that to take care of our money? if that can't be a resounding yes, that every one is going to doubt everything else about the bank. in the case of a, of the silicon valley bank, there was no risk manager or for the last several months, there's been no one in that position to manage the risk. and what did you, what did we find out? in fact, the, the silicon valley asset liability mismatches were the main cause for white, is that the depositors became very nervous and started taking out their money. or in the case of the credit suisse, we have a larger set of problems, not only with risk management, but also with their loan book. and the way they are doing business is just wasn't

profitable. and the, the, there's no confidence in the management of credit suisse. silicon valley bank as a medium sized american bank. credit suisse is a very large, even peon bank. you're pointing out that neither of them have had very good management. does this extend to the wider banking sector? well, i haven't been a managing director at citibank, i must say the management there since the financial crisis has been obsessed with making sure that their business model is intact and restoring confidence in the world that and that's true of all the large global banks. and in the case, the amount of states, half the bank assets are in the top 5 banks, they're very concentrated now. you're right that the bank management of down the line in the smaller banks and the crypto bank that did fail our suspect. and i think that's where investors are making their, their, their, their decision. which to say, we are now reassessing our commitment to these smaller banks where we are not sure

about the management. and we're going to be probing for weaknesses. and that's why you see so much of the share price is going down right now, because many of the of the investors are just set to say, i'm fed up, i will wait it out. and i'm not gonna be part of this institution anymore. and they're shorting the stock, sort of the selling the stocks and the pulling out deposits. when you say that a lot of bank assets are with the top 5 banks in the u. s. is bet concerning. well, it in a way, banking is a, is a industry where there are tremendous economies of scale. the larger or bank is the more effective it is and inter mediating and spreading its risks across a wide range of businesses. in the case of se of silicon valley bank where they focus on financing the tech industry. as soon as there's a downturn in tech, or in the case of a silverado are so over the other, the other banks that fail the, the, they were concentrated the crypto industry. so when you have industrial concentration, that's one of the sure signs that, that there could be

a lot of obama or abilities there. but when you have a diversified set of businesses, the way the, the top global banks have, i think the, the, the regulators are much more reassured, especially through the stress testing that they are safer. mr. lee, it's great to get your expertise on this. thank you very much from your time for your time. that's william li, live for as a nevada. thank you. by moving on to other news now and israel's military. he says it's sad shot dead, a person with explosives on monday as well as the man had possible links to has bala that's been in our correspondence. iran con, he's joining us live from occupied east jerusalem. and what else is the, the israeli military saying about the summer? well, there was actually a gag order on reporting this from the israeli government incident actually took place on monday. the israeli army say at the beginning of the week an explosive device to set off near the edo junction which an israeli system was seriously

injured. the security forces worked to locate the suspects and now during searches they set up road blocks, et cetera. a vehicle was stopped, there was an incident that took place there and these ready army killed a man and they also found a more explosives on him. they also found weapons on him. they were suggesting that there might be another terrorist attack or another attack that he was going to be doing. now, this is a very serious incident for the israelis, the border between israel and lebanon is by no means impenetrable. but our incidents like this are incredibly rare. so what these really ami are now looking into is the fact that this man might be linked to his vala. they said there is a, a preliminary investigation going on that the man may have been working for that. lebanese group, however, is already politicians are already blaming, has been the for this attack his bullet, for that part i haven't actually reacted yet. but this is an incredibly serious and

slipped the last few days they've been meeting at this curio cabinet. has been meeting they've been talking about things that are concerning for them are such as what type of explosive was being used. so that's an indication of how serious is it another indication of how serious this it is. a fact that prime minister benjamin netanyahu was in berlin for an official visit that was supposed to last until friday. and what happened is he's now coming back on thursday. we've likely to be talking about this incident in the days to come and country very much for that. that is and long con, with a native my fries in occupied east jerusalem. thank you. malawi has declared 2 weeks of morning after tropical cyclone fatty devastated parts of the country. more than 200 people have been killed and thousands just plagued the storm, has mostly subsided, but aid work said situation on the ground. a still dia, tens of thousands of people have been displaced by flooding and man slides from the

mid reports from bland tire. there are many people in this area alone who are missing and i'm going to start by sipping out of chart to give you a better idea of what's going on. a just behind me a group of min, digging in what is at least 3 or 4 meters deep mud for possibly bodies. they just don't have any option. they say no help is come. the worst of the psych clone 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, but they couldn't get through the very deep mud where they are now. that was a village. they would thousands of homes. it's now 2 boulders mud and only slightly higher on the high ground just behind them. all holes that have survived,

at least to some extent, though, that flooding in those mud slides. but all those homes are damaged. 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 the higher ground, and that is the best they can do at this point. what it is, just a game of wait and see, especially as they wait for some sort of response from the government. and that's the biggest complaint, little has been done to assist them. the government has said, at least 550 people are missing across this region, including was in beacon, malawi, at least half a 1000000 people have been affected and their tens of thousands displaced. this is really the difficulty that governments in this region are facing the ongoing rain here alone. it's rain for 6 days already. it's forecast that rate will continue for

at least another 10 days. and it seems an inability to access some of these areas and a lack of capacity when it comes to rescue efforts. at least 13 people have been killed out of flash floods het takia, southeastern region. heavy rain since tuesday night inundate of the cities of shangdorf are an ali him on. the flooding happened as the region is trying to recover from last once devastating earthquakes. leslie said, thy reports from a stand bowl. ah, these men had a fortunate escape. police rescue workers and civilians helping, helping to save doors surrounded by fellows. he saw them to to hear several people have died. in many areas, the emergency services were overwhelmed. you see this area is completely submerged . all thirties couldn't set up pumps to discharge the water. here they call stranded here, but they couldn't find pumps to discharge the water up. the flesh flows or heating

areas or the struggling after loss, monster prestige and earthquakes. duct you're more than 48000 people. families forced from their homes by the creeks are now being flooded out of their pants with wells fargo football. true, 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. oh, the middle, sean luther was heckled as he surveyed the damage. many were already unhappy with the goldman response to the queen of the yet another disaster. passions is running out evergreens since tuesday night. how brought flooding? not just a chandel offer, but also to other cities like of young authorities have shut down hospitals and schools in some areas rescue work is underway, but there are fears that'll be rice. criselda al jazeera is stumble

across and pakistan has ordered police to halt the arrest of former prime minister and run con until thursday. they have been 10 seems mere cons house between his supporters and officers who are trying to arrest him is facing dozens of charges including corruption, which he says a politically motivated come on. hi, there has more from his lamar. ron khan's party had gone to court, saying that heavy handed tactics were being used against the residents of m. ron conrad, the support and dad, dad, and the court. i started heading into the origin partition that was filed by the budget on derek and soft. i did and ordered that w, sure not gary out any further operations on 15, g m, d, on turn j. now also important to note that for the last 24 hours, the police and supporters of enron con, have been scuffling, basically scuffling,

broke out. often the police tried to arrest them earlier yesterday, i guess supporter than responded to police. dear guy, thing would rock throwing and data gods exacerbated the situation, but political attentions are very high. indeed. no one knows what is going to happen within the next few days. and although the government is determined to order them, ron con, they have not been able to do so despite their best efforts, i haven't called in de paramilitary forces and red sho, indeed, high drama being played out. i in pakistan and of god's as a result, they've been protest in other parts of the country last night at red. were plenty more ahead of the news our including, i report today on a british economy, which is proving the daughter's role. the new k is new budget has unveiled. how

will that help the most vulnerable deal with the high cost of living and in sport, morocco's hoping it will be 6th time lucky in his efforts to host the football world cup. ah, you are secretary of state antony blanket and says, washington is investigating the downing of an american drawing over the black sea, which had blames on a russian fighter jet. the pentagon says the fighter jet had the drones propeller, and that the military had to crash the unmanned aircraft because of the damage. washington insists that the drawing was either international waters but russian foreign minister sig labranz says that the u. s. was ignoring airspace restrictions that russia had established in the area that spring in our white house correspondent kimberley hancock. she's joining us live from washington, d. c. so antony blink and saying they will be an investigation and to the incident and to what happened. kimberly, as some republicans, meanwhile,

a really ramping up the rhetoric against russia. yes, there is no question the domestically there is heightened rhetoric against russia, and there certainly are heightened tensions between the united states and russia as it stands right now. we understand that a telephone call has taken place between the united states and russian defense ministers. that is something that has dropped within the last hour. what we know is that this came at the request of the united states. now what we also know is with respect to this incident, the downing of that drone that to belong to the united states that m q 9 surveillance drone now on the bottom of the black sea. according to the secretary of state entity blinking that will be investigated as part of that incident. but however, the secretary state declining to speak much more on the motivation or intent. only

saying that the united states believes that this time, that the actions of russia were not only reckless and unsafe, but we should point out russia having a very different account of the incidents saying that the united states should stop holding flights near its borders. calling the motivations that the united states as accusing it of, of mere speculation and saying that the reason that that drone fell into the black sea is nothing more than because of a sharp maneuver. now the defense secretary lloyd austin here in the united states has also been speaking. he has a very different version of events. he says that the reason that this crashed was because of a pattern of aggressive an unsafe actions on the part of russian pilots. he also says that the united states will continue what he calls, routine operations, and that the united states will fly wherever international allows. so the united

states right now, really feeling that it is up to russia that is incumbent upon russia to operate in a safe manner at the same time. what we should also point out is that in terms of us support for defending ukraine in its sovereignty, with regard to the fact that the u. s. is even in this region at all i, it's been very clear. it has been made clear multiple times by the us commander in chief, the u. s. president joe biden, that there is the intent of the united states to continue backing ukraine is defense of its sovereignty against russia, for as long as it takes. that's our white house correspondent, committee health at joining us with the latest from washington dc. thank you. kimberly. and our defense editor alex could topple as has more on the crash drone the am to 9 reaper is the world's 1st purpose built drone design for attack. as well as surveillance, it can stay up in the air for up to 14 hours and can fly up to 15000 meters. it was 1st floor in combat in 2007, and has the capability to stay and survey

a specific target area, sending back vast amounts of information to pilots and analysts, solid ground, sometimes half way around the world. what made the report initially different from all the drones was the fact that it was the 1st one designed to carry weapons. they can only survey targets, but destroy them if needed. this combination of surveillance and strike capabilities makes the young man vehicle a potent weapon able to operate night or day. it's been 12 years since peaceful protests began and syria calling for the removal of president bashar assad. ah. the uprising turned into a civil war and then proxy war and robin regional powers. hundreds of thousands of people have been killed and millions remained as placed with president assad still in power from daisy on to passion, alberta reports on the revolution. 12 years on it. never occurred to

a mental hassan that a small demonstration in the old court of damascus. 12 years ago would change his country and his destiny. thousands of protesters demanded political reforms. but when security forces opened fire on civilians in that i, in the southwest, the peaceful outcry took a violent turn. those memories are still vivid for a man and his family who are always on the move, seeking shelter from government, shouting, and asked why it's by russian plains. none of sharp, none along the front. but he but that you, we are the ones who pay the price displacement shelling at this the earthquake. we are helpless and we suffer sharp handed by the front of the way across towns and villages under rebel control. in north western syria, people face a tough reality. president bashar al,

as that remains in power backed by iran and russia. he is now hoping to reconcile with the countries that one's sought to topple him. i am at hela, was 14 when the uprising started. his survived battle bombs asked rights and earthquakes. he says, acceptance of the us at the regime is a betrayal that people who died in the uprising will actually this idea of the co cancellation with sandra. jim is ridiculous and is a completely rejected by the people here. not where silly of their saddle demon is aliesha and the land have been killing those people for over 11 or 12 years. how can we or counsel with with him a truce grow kurt by russia and to a key in march 2020 still holes. but rebel forces led by the powerful group a at the higher the sham remained defiant. but will not be the only miller for the no one that says that the asked athena,

we have restructured and reorganized our forces welcomed there, modernized, better equipped. we've also consolidated our defense lines. and if our enemies decides across those lines, they'll pay a hefty price. and look on for now, the conflict seems endless. the international community has accused a set of lane stage to towns starving people and using chemical weapons. but at the same time, it's never fully trust of the rebels. a few months into the uprising serial rebels were advancing to capture de la skus, but their military games were soon reversed when asset and his allies went on the offensive. now the rebels have retreated to their last long hold in italy, province. outgunned and outnumbered the future, hung by a thread hush man, but al jazeera, gassy, enter me monster. he is president bashar, as that is in moscow, where he's met with that he may putin. his visit comes just weeks after earthquakes

devastated northwest and severe last month. russia played a key role in helping the syrian army fight opposition forces during the conflict. and the kremlin is now stepping up its efforts to prepare ties between takia and syria. still ahead on the news hour. he was president joe biden issues an executive order that he clothes will help reduce gun violence and tennis action coming up and all the well, it's number one player is closing in on another title. ah, hell i, we had some really nasty weather across set to kia recently up to the north of the country, 89 millimeters to find in 24 hours. and that has stretched right across the, the quakes out here causing some problems. lots of wet weather slipping down across, so syria, lebanon, jordan, easing,

further east with some heavy and fun re downpours, 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, reese was still a few showers coming back behind over the high ground. they will be wintry in nature, quasi raymond 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 that western side of saudi the storms to a possibility just around the us. so how northern parts of africa looking fine and tri showers around there. okay. so fringes of west africa joining up with the heavy showers that we have wrought across the tropics was 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 in behind and also a few showers for south africa.

ah, what is casey 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 because it's life doesn't mean it cannot be priced. what about the guy that can't afford it? that guy told me to water. al jazeera examines the social financial and environmental impact of war to privatization notes for on al jazeera. when the news breaks, some buildings that had already been damaged, have been further pushed over to one side. others that were close to collapse when people need to be heard. and the story told. i couldn't tell them that i was a musician when i was supposed to be burned with interviews and get through. each centimeter of this stuff represents a year of life. al jazeera has teens on the ground to where you moved when document

trees and lives. lou ah, who watching the news out with me, elizabeth brought him in doha. reminder of our top stories. the sour trading of us stocks have got off to a negative start when markets opened. following the u. s. government intervention over the collapse of 2 american bags. investors and now worried about credit suisse . it's shares foul, 30 percent, an early trading on wednesday. israel's military says it's shot dead, a person with explosives. israel says the man had possible links to has bala and had crossed into the country from lebanon. the incident happened on monday,

but it's only now been made public and you are secretary of state. antony blinkin says, washington is investigating the darling of an american drawing over the black sea, which it blames on a russian fighter jet. washington insist that the drawing was over international waters from russian foreign minister siggler. rob says that the u. s. was ignoring a space restrictions that russia had established in the area. well, let's get more on this now. we're joined by lawns call the senior fellow at the center for american progress. he's also a former assistant secretary of defense and he's joining us live from washington. d . c, mr cord. very good to have you with us. so the comments from the russian former to sergei lab. broad saying that the u. s. is ignoring the fact that russia has established airspace restrictions in the area. i can rush and do that unilaterally . no, they can, i mean i can try, but they can't, i mean you've got the international norms. we have the air defense identification

zone which called the 8 s. and then we have, you know, territorial law, territorial waters. but no, you can't do that. the american playing was over the black sea, which we've been doing for quite a while, and basically to monitor the situation in ukraine. and so the level of comments follow the russian ambassador to washington saying, what would the us do if a russian surveillance drawing was flying close to us shores? what do you make of that? does he have a point? well, basically as long as they're into national waters, we don't do anything. sometimes we send out plain shot to shadow them, but no, as long as you're, if you're not in what we call the 8 is eyes to be enabled. white auction, i used to go through this all the time with the russians because we would be in the sea of japan as long as you're in international waters, you can do that as long as you would like. i mean, on the international law now,

whether countries will let you do that is a different thing. what the fact of the matter is we do what they do with and basically we don't let these things turn into incidence like yesterday where the russians call to cause damage should their planes, you know, why hitting and hitting the american drone and the secretary of state antony blank and has said that then i'll go on to investigate this incident. how successful do you think and investigation involving an incident and incident where 2 countries involved rather can be if only one of the countries is investigating? well, basically the states will make public what they find and i assume they'll find that the drop, the, the m q, ny, was basically in international waters. and that were russia did was a violation of the international norm now will have any consequences or russia?

no, they don't pay any attention to international standards. look at the war crimes they're committing and ukraine and mr. cope. i just want to bring our viewers attention to the defense secretary, lloyd austin. he's holding a press conference at the moment and he's talking about how russian defense aircraft must operate in a safe manner. we've also heard that the russian and the us defense ministers have spoken on the phone just in the last hour. how do you think that they will overcome this difference of opinion on who can fly close to this was own? well basically i think it's good that they are talking because it could have been that the pilot, the russian pilot was told to go up and show the americans that we see what they are doing. and to prevent them from continuing, you know, into russian airspace. and i think what happened,

you had an incompetent pilot who got too close to the drone and then hit it. he caught a board his plane down here in terms of what happened after he hit the drone with his his own play lawrence called senior fellow at the center for american progress . joining us live from washington, d. c. there. thank you. as always for your time mr. colby, appreciate, thank you very much for having me take care. staying in the u. s. and president joe biden has issued an executive order, tightening background checks on firearms. the aim to reduce gun violence. biden made the announcement in los angeles saba, which was the scene of a shooting 2 months ago. john hendern reports from monterey park in california in a change still morning, a recent mass shooting president joe biden offered what little he could for new gun control. the president issued an executive order he can enact alone with limited

effect. her name time are executive or direct. my attorney general would take every lawful action possible possible to move us as close as we can to universal background checks without new legislation. the action orders the department of justice to crack down on gun sellers who failed to perform background checks and to pursue former weapons dealers whose licenses have been revoked but still sell. it asks the federal trade commission to issue a report on gun makers marketing to miners, and it asks his administration to find ways to treat mass, shooting scenes like natural disasters, or giving federal aid to those affected because our art and the culture of our community. we have been very quiet and we have been kind of neglected. so for us to receive this amount of attention and the support that we do to day means a lot fraud. but major changes in us firearm laws require action from

a hopelessly deadlocked congress with nearly all republicans opposing stricter gun measure. it was here in january at the now closed star dance hall in monterey park that 72 year old, who con tron shot, 20 people killing the 11 in this asian american community. tron was disarmed at his 2nd dance hall and fatally shot himself as police closed in trans access to a mac, 10 semi automatic weapon allowed him to kill here with speed and efficiency. last year, congress did pass the 1st modest gun restrictions and 3 decades, among other things, they enhanced background checks for 18 to 21 year olds, but they've done little to slow the pace of mass shootings in america. in the past several months, there has been dozens of other mass shootings, killing 21 at school. and you've all the texas 10 black new yorkers and racially motivated shooting spree. a supermarket in buffalo and 7 and a parade in highland park. illinois. paying tribute to the victims of monterey park

bite in renewed calls from major new gun controls, including a ban on military style assault weapons. universal background checks and repeal of the immunity for most lawsuits that congress gave to gun makers in 2005. so let's finish the job van assault weapons ban them again. do, and now i'm not to do something. do something big. but with little hope of congress approving any of those measures, nothing that comes out of washington is likely to prevent mass shootings like the one that happened here. john henderson, al jazeera, monterey park, california under, as is expected to break diplomatic ties with taiwan as it moved to open former relations with china, presidency mar, castro says she's instructed her foreign ministry to make the changes under its one china policy. beijing refuses to maintain diplomatic ties with any country that has full contact with taiwan. it seeks a self governing island as

a breakaway province that will eventually be re united with the mainland. on the why you from on the, the fact that 181 countries in the world have established diplomatic relations with china. on the basis of that one china principle fully proves a word that establishing diplomatic relations with china is a correct choice. china is willing to develop corporate relations on the basis of the one china principal with all countries in the world, including on during your earth, all you've off. otherwise you don't really motivation for china to develop ties before. juris is to limit tie once international space. they have no intention of implementing any partnership that could be beneficial to 100 people on your should seriously consider and not fall into china's trap by making wrong decisions and damaging the longstanding friendship between taiwan and honduras. the moved by under us means only 13 countries maintained diplomatic relations. would taiwan, most of them a small either nations. several other central american countries have made the same

switch, switch from taiwan, china, and recent years. as part of china, a strategy of developing closer ties with latin america over the last 2 decades. it's now the regions top trading partner after the us and has invested heavily in state projects. bateman's growing influence there is making washington making washington wary. let's get more on this now. we're joined by bruno bennett's ease of research of working on china and latin america at the london school of economics . and he's joining us live from london. very good to have you with us on al jazeera . and so this isn't exactly surprising, is it given president castro said? and she would do this in her election campaign and recent discussions with china about financial assistance. that's correct. she announced during the campaign that she was going to do with and she backtracked. and now the decision apparently has been gone for a new or say is only one in a series of central american countries that have switched recognition as

understandable. i would say the 1st because of short term incentives that china tends to offer 2 countries at switch recognition, such as certain infrastructure projects and other assistance packages. but also the long term trends are certainly against taiwan. china is the 2nd largest economy in the world. and it's just very, very difficult for taiwan to match, not only china's financial a census, but also the size of their market and their economic importance for these countries . and how is that washington looking on it? one of this thing we mentioned that is where it is a trying to convince countries to keep relations with taiwan. yes, and i think that's a losing bet. the united states seems at least the trumpet ministration has come publicly against the fact that some central american countries are switching

recognition from time one to china. and the fact is, the united states is not the capacity to offer anything to these countries that can match what china offers and the size of the chinese market. so in a sense, by making it its own issue, the united states has actually exposed itself to repeat it diplomatically fees every time a new country switches recognition to china. and i think that's a mistake from u. s. department. is that what, what should the usb doing? instead then, well, i think the key would be to move from a strategy, just complaining about china's growing footprint in latin america broadly to a strategy of competition. in the united states, for instance, last the public financing institutions. china has to finance the infrastructure projects. the united states doesn't have the trade

incentives. sometimes china can offer many of these countries. so there is a sense of lack of true awareness and true interest in what these countries want from the united states. and the attitude tends to be more one of lecturing these countries into why it's dangerous to have closer ties with china. there's really no narrative about what the united states can offer. exchange bruno the net. it's been great to get your expertise on this. i really appreciate it, that has been a bit netty, joining us live from london. thank you. thank you. the british government says it will provide struggling families and $115000000000.00 and cost of living support this year. during his budget announcement, finance minister, jeremy homes that inflation was the root of recent strikes. he said inflation rates

that fall from almost 11 percent less than 3 percent this year. hon told parliament the british economy is now on the right track. how a full set has moved 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 of 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 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. you 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 to 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, he's scrapped the top limit on taxing on pension pulse. so any money you have an intention will be tax free. that's trying to get 50 year olds and above back into the workforce to try and talk about those pension. tens of thousands of people have again be marching in cities across france and a last ditch fit to stop pension reforms is the 8th round of protests against president for manual met collins plan to raise of

a time and page politicians have been working on the final text of the pension bill, which was still need approve of intolerance, a vote on that could take place this week. the governor of lebanon central bank has refused to appear before judges who are conducting a multi national probe and to his personal world. the phenomena is accused of embezzlement. the claims his being made escape go from evidence economic problems. they hold reports from beirut. it's a high profile case involving the long serving governor of lebanon central bank, who is being investigated for allegations of financial wrongdoing. european judges came to be route to question react, salome, but he didn't show up. his lawyers argue the foreign inquiry violates the sovereignty of lebanon's, judiciary and conflicts with a domestic investigation. looking into the case. but those involved in the anti corruption battle, se salamis actions show,

he continues to enjoy backing from top level politicians and is trying to evade justice. why is the word? if he's right and he's doing the right thing, why he didn't seem to come today and the book to prove what the documents at the prove with all the proofs that he has that he's innocent. so let me denies any wrongdoing and says he is being blamed for lebanon's financial crisis. but critics say he is part of a political class accused of stealing the state's money for years. i wouldn't say he is the only responsible. he is one of the most responsible for, for the scholars because, you know, as a sensitive, been governor, he had the power and authority to put the pressure on the government to solve this guy. not the la salami has been governor since 1993. and

despite allegations of fraud, he continues to make monetary decisions with no serious calls for his removal. salami is also pacing charges in lebanon, but despite summons a travel bag and a subpoena issued against them last year, he never appeared in court. many in the country have long complained about the problem of political influence over judges, but european investigators are not backing down. instead, they are uncovering a larger network around salami is, investigations in europe, are extending or extending to a wider network of corruption. and now it's becoming and interest of many other politicians on lebanon to shut down investigations. no official has been held to account for the financial collapse that has nearly bankrupted the state and drove many into poverty. the international investigation seems to open the door for some accountability zanna could their elders, eda, beirut,

the sports knew the still ahead on the new south would have details of a record breaking night with this manchester city player. ah ah. ah.

ah ah ah ah ah. stomp is 40, is barbara. thanks so much, elizabeth. there's been violence on the streets of naples. i had of now. police champions league match against german side. i tried frankfurt footage appears to show i track fans clashing with fleecy since managed to calm the situation. there are also report suggesting napoli supporters attacked rival fans in the city center

. i tracked fans had been banned from attending the game in italy, falling incidents ahead of the 1st like in germany last month, which resulted in multiple arrests round madrid, house liverpool in wednesday's other game. the spanish side lead the tie, a 5 to whoever wins will join up manchester city and the quarter final line up. they advanced thanks to a record breaking display from erling holland santa hamish reports a earling. highland may not have finished his game on the pit, but the manchester city striker made sure he was back on the field at the final whistle to collect the bull, he just put into our b leipzig from net life time season. we're going to say, so the numbers of this is on the palm of these guys. every time we lose quarter 3 goes will be good results for the next se, se, korea, this is the reality. but yeah was how many times is a joy guy and his morton, the locker room always happening. hurling holland from manchester city. helen's

happiness started. it's upward curve in the 1st half of this champions league tie. just want to know we jin was on his way to becoming the youngest player to reach 30 goals in europe's top club competition. the big mass just got the presence of mind interest. his record breaking effort began with a hat trick before half time to the back. that times in recent weeks, helen has faced criticism for a lack of involvement in certain games. ah maris but the 22 year old already has $39.00 goals the season. he's the 1st city player to hit that number in a single campaign. ah, it is the season with his team heading towards the 7

nil when and a place in the quarter finals hadn't was taken off. so he could rest his legs for even bigger game to come, especially some respite for leipzig, coach at marco rosa, who managed to holland at boucher document last season. he scored goals with the full t school score goes with the hat a he one second boss. she made the bronson her. so as it looked a really simple to night and i think he took the ball from the referee. it means it was a special night, he throwing low stock highlands. next target will be to lead city to their 1st champions, league, title, son, hum. most all dizzier our goal is draw and portugal was enough for enter milan to edge past porto in tuesdays other last 16 tie inter held on to there. one mill advantage from the 1st lay runs and met the ther. amy had the post in cross bar an

injury times afford oh, inter are 3 to the last 8 for the 1st time since 2011. morocco had made a big announcement in kigali where a fever are holding their annual summit. the north african nation is joining up with spain and portugal in a 3 country bed for the 2030 world cup brock, who has previously failed and 5 bits to host the tournament. argentina, chile, paraguay, and uruguay have also submitted a joint plan to host the event. the 2030 hosts are said to be named next year and no member can luckily be your part ordered. i announce in front of you that the moroccan kingdom has decided alongside spain and portugal to present a shift bids to organize the will come for the year 2030. this joint bids, which is considered a 1st in football with link africa and europe like the north of the mediterranean sea and itself and linked the african continent and the arab world would. the mediterranean and cats are america,

became the 1st african team to reach the world cup semi finals. 2010 south africa became the 1st african country to host the world cup. and we've been talking to american sports broadcaster in the head. the thought thee about whether or not his country is ready to follow suit. it started south. now it goes north, hopefully. yes, definitely. it will be another from morocco, as well as africa, to host the 2nd worst kept in the country. so it's going to put africa on the spotlights one more time. and we hope that with all these, all these joint base it will take shape and create history. the number of the national teams that will be hope that they support is that constitute the main challenge. the revised format of 2026 approved unanimously yesterday by the council will probably not change in 2013. so we'll go for was groups for. busy what each

with many, many again, so go, hosting is a good option efficiently, that the location will be close to each other. and what is more interesting is that probably the 1st thing africa in europe will be the life in it. what's even that size to get? i think that morocco has a good infrastructure. all the main to do would be least by high between, by 2030, which is of the world cup. so merkel is now ready and will be even more ready in 7 years for sure officially that the count can count on the experience of our potential coach, spain and portugal. i think everybody is excited in morocco to, to be a candidate. and everybody was support, this can do the seats. so we hope we will meet again in 2013 have are the 1st came to book their place in the semi finals of the world baseball classic. they beat australia for 3 in front of a crowd of more than 35000 people in tokyo, after losing their 1st 2 games keep one their 3rd street. this is the 1st semi

final they've reached since 2006 when they lost the baseball classic final to japan . right now, very disappointed. you know, we had a chance, we had opportunities to win that game and we just couldn't, couldn't get it done. we did a lot of things very well played very well. a lot of areas and the squawks caught up to us, but you have to tip yet to cuba. they took advantage of oil now short hold. but man, we played a great game and was couldn't get there. marquis box had become the 1st team to book a spot in the n b a playoffs. they did so with a 116 to 100 for when over the next sunday. yes, and he token of who put in another big performance, the greek star scoring 36 point with 11 rebounds and aliases. bucks are also the 1st thing to claim 50. when's the season to step up to stop it and tennis will number one, a gosh, white oak is looking good in her efforts. when a 2nd straight indian wells, title polish player b to britain's emma erotic hannah and straight sat,

6361 in california joined her co pays at romania serrano cristilla in the last 8 years. feel like it's used and an incredible effort from cannabis. felix o'geary aaliyah sim and the man strong. you say it's a 6 match points against american tommy paul before of actually making it through to the 4 to 5. okay. and that is all you support for now. elizabeth back to you. thank you very much and that's it from me and as the from this new sal, but do stay with us on taylor is next from a london broadcast center with more of the day's news. thank you for watching. ah ah.

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