to be radical, how can the thing that's radical for st. paul, one at highway and denise is not about wanting to sell is about the message in the studio b. unspent dates on out says era. i've worked out their english since it's lordship, as a principal presenter and as a correspondence with any breaking the story we want to hear from those people who would normally not get that voice is heard on an international news channels. one moment i'll be very proud off was when we covered a napoleon quake of 2015, a terrible natural disaster on the story that needs to be told from the hall of the affected area to be then to tell the people story was very important at the time aah! stalks rally in the u. s. as a group of private banks announced

a $30000000000.00 rescue package. her 1st republic bank. ah. hello, i'm darn jordan. this is al jazeera live from dev are also coming up more protests in france after president macro bypass his parliament to push through controversial pension reforms. rescuer, search for bodies in malawi after cycle, and freddy kills more than $320.00 people that's president is appealing for global support. i'm cycling jak who unleashes torrential rains and mudslides and peru battering hundreds of homes. the devastation that we have seen here. all the way up the hill. there are hundreds of homes that are totally flattened. ah, welcome to the program. well off the days of market turmoil, fears of a global banking crisis appear to be easing. for now. rescue plans have been

offered to 2 major banks in an effort to sure up financial markets. emergency funding provided to us bank 1st republic saw stocks and the day hire 1st republic had fallen nearly 70 percent in the last 2 weeks. 11 banks have banded together to deposit $30000000000.00 into the struggling lend up. and the swiss central bank has offered a $54000000000.00 lifeline to bolster credit suisse. that's the 1st emergency help offered to a major global bank since the 2008 financial crisis. well, despite the uncertainty europe central bank has stuck to a planned interest rate hike up half a percentage point. that's all part of it's ongoing battle against soaring inflation. will a us treasury secretary has appeared before a senate committee assuring that the countries banking system is sound. we worked with the federal reserve and f d. i see to protect all depositories of the 2 failed banks. on monday morning,

customers were able to access all of the money in their deposit accounts, so they could make payroll and pay the bills. shareholders and debt holders are not being protected by the government. importantly, no taxpayer money is being used or put it risk with this action. deposit protection is provided by the deposit insurance fund, which is funded by fees on banks. well, rob reynolds joins us live now from outside of broncho 1st republic bank in los angeles roberts, pretty rare for us banks to be rescuing each other. but is this injection of cash and to 1st republic like had to have work? do you think? hey, well darren, the, the answer to that is maybe on the one hand, the branch behind me is still open for business. so that's a good thing. on the other hand, 1st republic shares in after hours trading fell about 13 percent. not exactly a sign of extreme confidence,

but what's different about this of rescue as opposed to previous rescues in the case of, for example, silicon valley bank is that this is private banks getting involved is the 11 biggest players in the banking sector in the united states. not the government. so you heard of the sound bite that we played a minute ago from the treasury secretary, janet yellen assuring congress that no taxpayer money was going into these banks. that's important because of taxpayer funded bailouts by the government or government bailouts of any kind, frankly, are extremely politically unpopular. so the by the administration doesn't want to do that by having the private banks do the rescue. ah, that takes out the political element because they're not beholden to the voters, they're only beholden to their shareholders, and they're all of their shares are up today along with the market as a whole. yeah, rob. and despite this rescue effort,

all of this does continue to raise questions though, about the why the health of the u. s. banking system. look at the end of the day. it all has to do with with investor psychology. by all accounts, there was really nothing wrong with 1st republic bank. it wasn't about to become insolvent, but people got spooked when the other banks became a got into trouble. and this bank in particular, is known for catering to the very wealthy and it's a private wealth management is, is one of the slogans written on the door of the bank behind me. and so that means that people who had huge deposits in the bank might have been nervous because the government only guarantees individuals $2250000.00 in deposits. so if you get $10000000.00 in the bank, you know, use the standard till to lose a lot of it becomes in solvent now. ah, it,

if the banks are successful here in camping down this kind of incipient investor panic, then they will benefit of because there will be even more money available to the big banks fleeing the smaller banks. and at the end of the day, the, the big banks, you know, putting in $5000000000.00, for example, j. p. morgan, chase, 5000000000 into 1st republic. that's nothing to a institution that has more than $2.00 trillion dollar. okay. in total assets, right. rob reynolds line for stay in los angeles. rob, thank you. all right, it's bringing cornelius hurley. he's a banking nor professor at boston university and former director of the federal home loan bank of boston. he joins us live from sandwich, massachusetts that coney, his coach abby back with us. let's talk 1st then about 1st republic we've seen wall street ride to the rescue here and inject cash into the lender. is this going to be enough to prevent customer flight on a run on the bank? do you think?

well, as your correspondence set on the scene just a moment ago, the answer is maybe. here we have 11 us banks rescuing this regional bank in california. the most people outside the reach and haven't heard of it. and yet at the bottom line, it's an issue of confidence that the public to the investors have confidence in this bank or anything. and i think it's interesting to note following up on mr. reynolds comments and secretary y'all and testimony to the effect that the tax payers are not on the hook here. i wish the administration would stop saying that because taxpayers are on the work. the deposit insurance fund is a small fraction, very small fraction of the total uninsured deposits. better of our insured throughout the country. it might affect the total in the deposit insurance fund in less is less than the deposits in this one bank. to give you some perspective,

but i think what's interesting here is that the 11 banks that are rescuing not bailing out but rescuing 1st republic bank are themselves banks that are considered too big to fail under that. all the rubric that we became familiar with that for the last financial crisis. so they already have their safety net. okay. and as he put it up that they are attempting to give 1st republic another, another breath of life here. and that's, that's a good thing. it may impact, instill, confidence, and stability and, and we can move on from this moment and i'm calling in what is about the global banking system have been spreading though, hsbc. had to buy out silicon valley bank u. k. arm the swift central bank. had to inject cash into credit suisse. all of this, as banking stocks remain volatile. how much real fear is there now a global contagion? do you think?

well, there is real fear because the shareholders are at risk. as was noted, the 1st republic shares sword at the news of the, of the rescue, but then they plummeted and after hours trading. and i, i think we can see that flawless to liddy continuing for a while until that situation resolves itself. but i see the national bank of switzerland's, bailout, or rescue however you want to term it. a credit suisse as being similar to the lifeline that the federal reserve sent to silicon valley bank that failed just a few days ago. we weird that the federal government here is in the awkward position of having sent this lifeline to silicon valley bank, sending a signal to all depositors overly insure limit of $250000.00. that in fact, they were insured. and as secretary yellen testified today, no, in fact,

i thought the case just just a final thoughts. you couldn't because they're running out of time. and we've seen central banks around the world raise interest rates to cool off inflation. but that's the road of the valley of some bond port failures, and course banks like s b beat to collapse. how do you see this playing out? how will central banks them grapple with the current global economic crisis on the one hand? and at the same time prevent another global financial crisis. but i think it's a good thing that the in europe, the central bank did not blame today when it came to rising interest rates. they did raise interest rates. and i think that's a signal as to what the fed might do next week when the f o. m. c mates. if, if the fed were to blank to me, that would indicate that they were as spoke a recent development. and some of the investors seem to be connie has had always good to get your thoughts and your analysis. thank you very much. indeed, tony, just for talking to us. thank you. you bet. happy to be with you. by now,

french police of clash would demonstrate as opposing pension reforms in paris and across the country to gas was fired at thousands of people in the capitol. earlier, the government forced controversial pension reforms through without a vote in parliament. the changes raised retirement age from 62 to 64. natasha butler reports from paris didn't. it wasn't the outcome. the french government wanted, but without a parliamentary majority, but decided to force his pension reform bill through parliament by decree. a controversial move that infuriated some lawmakers and left the french prime minister struggling to be heard. well, no papa, we can't risk seeing a 175 hours of parliamentary debate come to nothing. we can't risk seeing the compromise built by the 2 houses dismissed. we cannot risk the future of our pensions. this reform is necessary. the move comes off to more than 2 months of street protests and strikes against the reform led by frances trade unions. we

states erosion of workers rights also, and group for plans to raise the retirement age by 2 years to 60, to demonstrate as he gathered outside the parliament st. they'll continue to fight . oh, pretty revolting is the fact that despite the fact that the government represents a tiny minority and doesn't even have a majority in the parliament, they order a constitutional tools that they can use to course it's through incomplete, beyond democratic mentors, but that won't or that won't or hinder our resolve to pursue the fight. that's why you're here today, and that's why the fight will continue to morrow. horsing. a bill for the parliament by decree is legal under the french constitution, but it is a course of action seen by many is a failure of politics acting outside the national assembly. france is hard left. leader said, the government didn't care about people which were donahue of occasionally i find it significant and symbolic that for a 100 time the government used

a decree to buy, paused the will of the people. we must coordinate with the unions and do all we can to have this law withdrawn. performing the pension system was one of presidency manual macros campaign promises. he says the systems outdated, costly and unsustainable for future generations. in the end, he will have succeeded in changing it, but it cost to his political reputation. natasha butler, jazeera harris oh. the u. k. government and healthcare unions have come to a final payoff o, which couldn't strikes affecting the national health service. they offer to unions representing nurses and ambulance workers. includes additional pay for next year. unions have already voice mixed reactions. the offer which doesn't cover junior doctors. we're also striving. mal, always president is appealed for global help. after tropical cycling hit the east of southern africa. countries commercial hub blan tire has seen the most damage with flooding and mud slides. at least 326 people have died and hundreds are still

missing. from me, the miller reports from black tie. as people try to recover from the impact of psychos pretty, they also have to bury the dead. and as the rain continues here in the village of tall chiera, the have to scoop water out of grave puts before laying the victims to rest. more than 320 people have now been confirmed, dead, and thousands more missing after the cyclop tore through southern africa for a 2nd time in weeks. outside, below is commercial, capital blan tire. people in this village have been cut off from their neighbors as roads and bridges lane ruin. president lazarus, chuck, where as appeal to international assistance, one is governments being criticized for not doing enough. the main challenge is not government failing to respond. it is the inaccessibility of some of these camps

because bridges are been wash. ah, and roads have been caught i, you know, so that people cannot travel to where they are. so there is help that is already on hand. it cannot get to the people because of challenges of accessibility. in some parts, there's no electricity or running water. we have people who are, who have been rendered homeless. they don't have food, they don't up clothing. they don't are val what duckling water saw is sit in a bad we we, we, we don't even know what people are going to it for lunch at this hour to day. all. if in supper we don't in all because ah, we have not yet received it if item as we speak across the country, more than 88000 people have been displaced. with many sheltering and temporary camps, maureen is expected in the next few days. raising fears of flash floods and more

destruction. lemetre ma algae 0 plant i am allowing. so pray care now to sierra when we come back, ponens pledge to ukraine for mig fighter jets to be delivered in the coming days. and the leaders of japan and south korea meet for the 1st time and 12 years will tell you what came out of those tools, mana ah, with a it's not ready in california. the river has collapse so that there is on the ground have overflowed as you well know, but there's nothing coming out of the forecast, nor has it been for today. so we live to the east that has got a big system on northern flight as a significant snow going through ontario. it probably come into toronto just on saturday. then the bottom half is all wet weather with significant thunderstorms in the southeast, in the states. i think during friday and then on may where during saturdays is cold,

tucked back in, and we'd up to the west and still looks generally quite fine. pressure is high, temperatures are rising. that's how we should be this be honest, bottom end of all this a significant shout of come through cuba and his pan europe problem to play the reagan, the northern part of the leeward isles. this is during finance, the tail end of a significant frontal system retain, curls back up into the gulf of mexico and helps to make it wetting on juris, guatemala and costa rica. but as you well know, they've been flooding further south in ecuador, and particularly in peru that you'll still see the rush hour is forecast to fall, improve, but there's no real concentration. so i suspect, but i can't be sure that the worst is over. still it's fairly wet, they're in parts of brazil and further south, it's warm still. most of argentina ah, with iraq,

a nation riddled with land mikes and an expert dedicated to defusing them, one by one. equipped with only a knife and a pair of wire puppies. he faced his death every day. but does his work make him a hero or a target? witness? the d minor on a just 0. lou . ah, welcome back or put them out of the top stories here. this al, off the days of market turmoil efforts to ease fears of a global bank in crisis and now underway. rescue plans have been offered to 1st

republic and credit suisse banks to reassure financial markets. protests are broken out again in paris after the french government forced through controversial pension reforms without a vote in parliament. a change is raised to retirement age from 62 to 64. i'm allow, he's president, his appeal for global health often tropical cycle on the east of southern africa, at least 3326. people have died. hundreds more, a missing after mudslides and severe flooding. talk through the region. and what now akina cooperation is under wayne parts of peru that have been devastated by cyclone yahoo and lives of buried homes and mud, leaving thousands of people homeless. at least 6 people have died in the past few days as a result of torrential rains. 5000 soldiers have been deployed to flood hit regions to support emergency operations. marianna sanchez more from the sea and i guy our region near the capital lima. we are in a, in a, in a ravine called little circle air,

which translates to dry river. but that's exactly the opposite. what happened here? where are tons of mud and debris. oh, oh, tore through this community twice yesterday and the day before yesterday. and it's a forty's half confirmed already that there was and one person is killed. and there another person has disappeared and it's, it's quite a miracle i have to say because the devastation that we have seen here are all the way up the hill. there are, are hundreds of homes that are totally flattened. are very poor people live here in their homes. most of them, the ones that have been most destroyed are bad homes made of cardboard, and wooed and tin. and so these are homes that have been completely taken by the rivers of mud disagreements continue over the downing of the u. s. reaper drone

that american officials say came into contact with a russian fighter jet over the black sea. the pentagon says a video it's released proves its version of events. russia denies acting recklessly article here as the latest. from the tentative, the pentagon believes this video will end the debate, the view from the m q ripper official say this shows a russian su 27 fighter jet dumping, jet fuel on the drone. then another job. the video cuts out coming back to show a damage propeller blade. the video doesn't show where this was, what happened in the minutes before it, or the blade been damaged. but russia says it's fighters had no involvement with the damaged drone that was brought down in the black sea. us officials have been using very careful language to not escalate the incident. the pentagon spokesman told reporters why they have released the normally classified video. i think that our words and our actions speak for themselves and similarly, rushes,

inaccurate information, false information, observation, grasping at straws, changing narratives also speaks for itself. but experts believe there is a broader reason the world is seen this. now. i think it just is an attempt to keep demonstrating on ambiguously that rushes the aggressor both in the broader war, but in the tactical engagement we just experienced with the draw. and so there can't be any duplicity on that front. i think the goal is to make sure russia remains seen as the pariah and the aggressor in this conflict. and on capitol hill . another top military officer testified thursday that they are seen more aggressive russian military actions in syria. they fly over our bases with ground attack aircraft with, with weapons on them in an attempt to try and be provocative. but really, it's unsafe unprofessional, not what we expect of a professional air force. they want to try and renegotiate the deacon function protocols if they violate every day. this is not new russian behavior. is it, sir?

in especially with regard to the drone incident that we recently seen. it's not new, but we have seen a significant spike since about 1 march in syria. a russian official accused the us of to distract from its financial crisis on russia declared part of the airspace off limits since the start of what it calls its special military operation in ukraine. the u. s. says it's going to continue to fly in international waters. while this is the 1st direct contact between the us and russia. it may not be the last particle. hain, al jazeera outside. the pentagon and poland has become the 1st of ukraine's allies to commit to sending fighter jets polish president. and that i do, the says was so will deliver for big 29 jets in full working order in the coming days with more to come once that checked, ukraine has been asking western allies the jets for months to help it's defensive efforts. stephanie deca has more from the ukranian capital, ukraine's really been asking for jack since the beginning of the war. it's

significant. of course it is the 1st time and need to ally ukrainian allies says that it is going to send for make 20 nines. there will be more in the next coming days. it's something that the allies have been discussing is something that keeps been asking for, for a very long time. it is certainly a step up in the commitment of its allies when it comes to providing weaponry. it's also i've seen the arrival of some of the leper tanks and from poland as well and 9 other countries pick you also mentioned by the us secretary of defense yesterday. secretary state lloyd austin saying 9 countries committing to sending around 150 leper tanks. to ukraine and they will be arriving before the end of march. the timing of all of this is very interesting, of course, because there's a lot of talk that ukraine is planning a counter offensive as the weather is getting warmer as the ground is thawing. certainly this is a welcome move from poland. it will be welcomed here in cube. and again,

a lot of the allies seeing that they're discussing ramping up even further support . a spokesman for the libyan warlord, ne for hafta says more than 2 tons of uranium that have been reported missing by the un nuclear watchdog has now been found. the tenant rums of radioactive material relocated near the border with chad. after spokesman said, whoever sees the barrels lightly thought they contained weapons or ammunition? the uranium was reported missing on tuesday when the international atomic energy agency inspected an unnamed site in libya night. a funeral has been held for one of 4 palestinians killed by israeli forces in the occupied westbank. thousands turned out to mourn the man killed in an operation carried out by an undercover israeli units and a busy shopping area on thursday. one of those killed was a 16 year old to others have been identified as leaders of a palestinian group known as the genie battalion. and protest as across israel have once again taken to the streets to denounce the governments judicial reforms. it comes after prime minister benjamin netanyahu rejected

a compromise proposal put forward by israel's president isaak. hertzog danville alternative changes to the plan on the wednesday. that netanyahu says hurts i was plan fails to address what he says are imbalances in the legal system. the bill will limit the role of the supreme court and give more powers to the government. a court in pakistan has rejected former prime minister in one cons plea to suspend an arrest warrant issued against him. the decision spot fears afresh. confrontations between police and con supporters. on tuesday and wednesday, hundreds of supporters fought with security forces outside his home. and the hor, preventing his arrest. the warrant was issued after con, failed to appear in court on charges of unlawfully selling state gifts. while he was in power, he faces multiple legal cases and denies all the charges. speaking to out there earlier in con confirmed, he will appear in court on saturday. i had them right up to the eighty's. when my go to paris was going to take place. the police turned up 4 days earlier,

so it was unlawful. i was already had protective bill and it, when i, when this, this massive force. i mean it's never happened before, and i, history, thousands of policemen and rangers. drive to attack my house and arrest me. so when they came with this force, i'd then give my lawyer gave them an assurity that i would attend the court. so the whole idea of police was supposedly to take me to court, which was on the 18th. so i give them an assurity, and the law says that once i would have given them and surety the police shouldn't recipe. but despite that, the force kept increasing and the a at the violence, i mean, the dear guessing and water cannons and there's shot belts are a workers. and then there were bullets fired. so it's never happened in pakistan before in a significant diplomatic effort. south korean president,

units of fuel and japanese prime minister from yoshida, have come together for a crucial meeting, the leaders and to tackle regional challenges and resolve, longstanding tensions between their nations. rob mcbride reports from south the landmarks summit between south korea and japan comes at a time of increasing regional challenges for both nations. just a couple of hours before you'd. scipio departed on the 1st bilateral visit by serving south korean president to japan. in 12 years. north korea launched a long range missile in the same direction. the weapon was confirmed as an intercontinental ballistic missile of the kind north korea has been developing and showing off at military parades in the past couple of years. video released by the japanese air force shows what seems to be a missile coming down after re entry into the atmosphere. the launch comes in

a week that marks the start of annual military drills between south korean and us forces that will include large scale field exercises. washington wants to see closer relations between it's to east asian allies, not only as a counter to north korean threats. and the growing military might of china, but also to maintain a technological edge in the production of strategically important semiconductors. we come bit, we have confirmed the importance of vigorously promoting security cooperation between japan, south korea, and the united states. japan announced its lifting export curbs on materials needed for high tech manufacturing, imposed during the recent spat with south korea. president noon is trying to restore ties that have salad considerably in recent years. but in south career, it's a highly controversial move relations have been scarred by decades of colonial rule

from tokyo during the last century, which culminated in atrocities committed by japanese troops in world war 2. weekly protests still held against the enforced use of so called comfort women and military brothels. and you and has proposed settling the issue of koreans forced to work in war time, factories by compensating victims from a voluntary fund. instead of finding the japanese companies involved a bold offer, seeming to prove uni sincerity and strengthening ties approach already to jump on going forward, we will continue to actively communicate and cooperate through shuttle diplomacy meeting as often as necessary, regardless of format. little cannot but opponents back in south korea accuse him of a diplomatic climb down in this deeply troubled relation.