is possible free steel to market green electricity is used to split tool to into oxygen, which is released into the yeah, and hydrogen which is captured teams energy. essentially, we use 3 hydrogen to replace coal that we use today in the preferences and without weak at 3 though for the suit to mission problems in making. this is a huge project shrouded in secrecy. i can see the and the product type. so the, so both it's actually pure i'm, i'm holding a well fast is, is a big step for the whole industry. when we make this transition. ah, swiss banking john's, u. b. s as buying troubles rival credit suisse in the states bag deal to avoid market turmoil. the federal council is convinced that

u. b. s. take cover of credit's face has laid the foundations for greatest stability, both in switzerland and international. ah, i'm told mccrae the sel 0 live from our ha also coming up. president potent welcomes, what he calls china's constructive role and trying to in the ukraine war ahead of shing ping's visit to moscow. roms president accepts an invitation by the king of saudi arabia to visit riyadh after years of hostility and gone. his government is undefined running out of vaccines as it struggles to contain a measles outbreak. ah, the swiss government has persuaded you yes to buy

a struggling rival credit suisse for just over $3000000000.00. in the latest effort to stim market turmoil there began a week ago with the collapse of silicon valley bank and the us, the source national bank says it will ensure both banks have access to the necessary liquidity to underpin the deal. soon after the swiss announcement, the u. s. federal reserve european central bank and other major central banks came out with statements, assuring liquidity in the markets. the bankruptcy of a global, systematically important bank would have crossed irreparable economic term, oil in switzerland and throughout the world. for this reason, switzerland had to take the responsibilities beyond its own borders. these efforts have paid off. the federal counselors can winced that u. b. s. takeover of credit suisse has laid the foundations for greater stability, both in switzerland and internationally. was even kelly is researcher or financial

crisis management and stability of the yell program of financial stability. he joins us from new haven. thank you very much for being on al jazeera a festival. do you think that garcia will stim, the, the global crisis of confidence that we've seen in the banking sector over the last week or so? i think it's a move in the right direction. this is the best alternative that was on the table to take a strong institution and u b. s. and put it behind credit suisse balance sheet. i, again, i'm in this, this is very different from 2008 where, you know, we sort of have the same problem plaguing banks across the globe. credit suisse is a, is sort of a unique institution with lots of idiosyncratic problems of the last few years and has got, has been doing a restructuring last few months that has sort of been rocky. none of that is true of u. b. s. and the issues in the u. s. are, are distinct as well. so moving this institution a, you know, behind you be as the shield is, is definitely the right play. and what's the reaction in the us,

spain it's max out of people are waiting for marcus to open, so you know, some bon holders are going to lose some money on this deal. and i think there's a lot of uncertainty around that. and what that pretends for, for any future interventions that may be necessary. but, you know, i think the next move on the us side really be for, to see where wall street sort of stacks up against this, against this deal. i'm sure policymakers or encouraging them to, to come out and support and tell the world that it's business as usual with, with both credit suisse and you've. yes. and how do you think the markets are going to react when they open short term? i don't know. i mean, monday anything can happen monday long term. this is definitely stabilizing it if, if you know the marker gets a lot of deal certainty here, that this is going to go through. and it looks like it's going to, our regulators have waived any requirement for shareholder approval out internationally. people are coming out support the u. k. the u. the u. s. bond them

out and support. so it looks like the market will have a lot of certainty. and if, if the wall street and the other big money centers can stand behind this institution, this is definitely stabilize it. yeah. what, what do you think that this is done to the credibility of the banking sector, especially in switzerland. ah, i wouldn't say much at credit suisse problems of that are been well advertised basically for years, like i said, these are sort of videos and crap, you know, scandals are big losses on individual trades for fraud in some cases they were associated with. so these problems were well known, this is not necessarily an overnight knock to their credibility. ah, you know, their, their share price has been to cheering for years. so i don't know how much to sit at the margin is, is, you know, sort of a knock against against switzerland banking system. especially with u. b. s. come to the rescue in the us and be standing behind them. i think you will have to leave it there. that is stephen kelly for us,

a researcher of financial crisis management at the yale program of financial stability. thank you. what other news and russian president vladimir putin has welcomed 40 calls, china's constructive role and trying to in the warren ukraine. chinese prison, choosing ping will head to russia later on monday for a 2 day visit. futon says he has high expectations for the talks. she has called for pragmatism on ukraine, ahead of the meeting and call those countries friendship with russia an all encompassing partnership. katrina, hugh reports from beijing. she didn't being has visited russia any time since becoming chinese president. his most recent trip was in june 2019 during an economic forum. c will travel there again this week in what's expected to be a major show of chinese support from moscow as it continues its invasion of ukraine towards utah with china and russia working together. the world were half of the driving force toward multiple levity and the greater democracy in international

relations and a global strategic balance. and the stability will be better ensured the visit comes as china seeks to expand its role as a global leader and mediator. earlier this month, it broke it a deal to and 7 years of strain relations between saudi arabia and iran. some analysts believe it can do the same for russia and ukraine. in february, chinese officials released a peace plan calling for a cease fire and dialogue between both sides. this reason is 10 years after several, both parties are exhausted. and yeah, the white shoe has the hoary issues. are you trying to get off lunch and you are currently doing, but other se baiting is reluctant and unable to play this role due to the west's extensive backing of kids? it is great power, job politics going on there. it's very difficult to, to play

a mediating role in that context. and i know the stakes are very high. ah, russia and ukraine do not want to negotiate at the moment. so there is very little china can play with baiting relies on economic trade with europe and says it's impartial in the war. but its claims of neutrality has been questioned. last year, see declared a nor limited partnership with moscow. expanding trade between the 2 countries has become an economic lifeline for the sanction country she and put in are also good friends and have met 40 times including on kootenai birthday the united states as china is considering providing military support to russia, which b ging denies. she is reportedly planning to speak to vote him is a lensky following his moscow visit. it would be, she's 1st conversation with ukrainian president since hostilities broke out care. the says it's cautiously receptive to beijing's involvement, but a withdrawal of russian forces from any occupied territory must be included in any

piece deal. katrina, you al jazeera, they doing. after years of hostility officials and to run say, presidents abraham racy, has welcomed an invitation by king solomon to visit rears. the regional rivals have also announced plans for their foreign ministers to meet. earlier this month the countries reached an agreement broken by china to reopen embassies after a 7 year rift alley hush. hm has more from turan relations between iran and saudi arabia are moving fast and they to the really impressed them to reveal on sunday that king so man of saudi arabia extended an invitation to but i am lazy to visit 3 . are there any president, according to what i met, jim, should he welcomed invitation and stressed his country's readiness towards the thighs? now, on sunday, also hearing in 40 minutes, the jose, amir abdulla, he and thacker, they show off hearing and saudi relations, a news dresser. and he said that both countries are currently studying the new

settings and how both foreign ministers could meet mother or missouri arabic regarding the issue of saudi arabia in the near future. i'll meet the foreign minister of saudi arabia. so far, we have agreed on deploying technical delegations from both countries to visit embassies and consulates and organized practical steps to reopen embassies. over the last 10 days, messages have been exchanged between the 2 countries through the swiss embassy. we announced we are ready to hold the meeting and, and the last message, st from us, we suggest 3 places for the meeting over quantum b. i mean, i will i and said that technical teams from both countries are visiting the capitals in order to make sure that the embassies are ready to receive the new diplomats. he also said that relations with bahrain o, witnessing in, you turn really full thought of all man leading invitation to the wife thighs. the also welcome the promotion of relations with jordan to the level of ambassadors and

the dialogue taking place with egypt or the asher majesty at all that on iraq and to ron have signed a joint security deal in baghdad around top security official santee agreement that involves chord nation to protect common borders. it also calls for a strengthening of co operation and several security fields. 20 years after the invasion of iraq are picks, 2nd largest oil producer is still struggling to provide basic public services like power and clean water to its people. political instability and demik corruption and security issues have all, if the economy and flux, a solid been covered reports from petra. buttress famous italian bridge wasn't here 20 years ago. neither was the main road that leads to busters international stadium. now the streets of peaceful and there's relative political come in the city and across iraq hack on ala and we've

achieved more than $8000000.00 of foreign investment up to february 2023. we are keen to achieve major projects. this is all in coordination with the federal government. lots of projects were completed in basra, related to infrastructure services, commercial and tourism sectors. this oil field is named much noon, which means crazy in arabic. some say that refers to the large amount of order. there is found hair in one location and estimated 38000000000 barrels. the mission field produces 240000 barrels the day for iraq economy. and production is planned to be expanded to 5 and a half 1000000 barrels per day. it offs, governments, as despite obstacles like corruption, red tape and an unstable region, investors, the lining up the mainly interested in the countries abundant deposits of gas. but despite its large hydrocarbon resources, iraq imports a 3rd of the gas, it needs for its power stations. nearly $2000000000.00 worth comes from iran,

and on a stretch budget, that's a burden. and i also spend an estimated $5000000000.00 on importing diesel and petrol that's left it off currency struggling against the dollar. and that's not all. and isn't marleni ivy at the federal head that in miley we had do as estimated by a parliamentary committee, corruption costs around $10000000000.00 a year, around $600000000000.00 have been smuggled out of iraq in the past years. we have to fight against corruption, administration, and financial. there's no real development in the rocky economy on one. despite that wealth, millions of iraqis struggled to get clean water every day. and every year, thousands of people fall due to waterborne diseases drank drivers and climate change has increased risks of food shortages. 2 decades ago, the 1st battles of the iraq war were fought in buster, a city of a 1000000 people was besieged by mainly british forces. cluster munitions were used in the international coalition to band uranium weapons says you k and us forces use

depleted uranium, frizzy is after the invasion, a lot has changed yet. this problem continues to remain the backbone, put ross, oil based economy. but still, the complains of the people are a lack of jobs, opportunities, infrastructure, and the lack of attention from the people in power. family guy without the 0 bus mozilla here to own al jazeera, more violence in the occupied whist bank. as is where an impelling tony and officials meeting in egypt say that agree to work towards d escalating tensions with the you in about to issue a last ditch read alert on climate change. oh, take a look at the extreme, whither it's driving around the world. ah

hello there. it's a pretty warm picture across much of east asia at the moment, particularly for japan that thanks to an area of low pressure that has moved its way east, giving way for high pressure to move in picking up temperatures into the high teens for tokyo and a soccer, so about 5 degrees above where we expect them to be for this time of year. and that trend continues across the korean peninsula into northern areas of china. beijing coming an 18 degrees celsius, some sunshine coming through the cloud there for the wet or whether we have to head further south to more sensual areas. we'll hand things, some pretty big thunderstorms, wet weather, intensifying moving towards the east coast. now shanghai will see some of that rain . it'll also roll its way further east into southern areas of japan, but temperature is still remaining relatively high. here for this time of year light rain on wednesday, $820.00 degrees celsius. now for south asia, rain is certainly the story. it has died down. however, course the west coast of india, those fierce thunderstorms remain, however,

particular for the northern and north eastern areas. so a legacy of showers for the east coast, but we will see some pretty big bang as rolling into places like bangladesh. and they're pulled over the next few days that she weather update. ah, a thought takes on the big issues. this is the one off you said about a systemic issue here. crabs don't really matter in the police. unflinching questions is war with will wonder criminal, rigorous debris who are dying because of lack of treatment, challenging conventional with the fact that people are starting to get angry about this is in itself a sign program. join me more from on who for what out? 0. ah

ah ah, you watching old is there a reminder of our top stories? the seller swiss banking john u. b. s. as buying troubles rival credit suisse for just have a $3000000000.00. the state backed deal. it's like the deal will assure up confidence in the global banking system after the collapse of to us linda's chinese prison. she, she pang is. it's a trouble to moscow. on monday for to day visit brushes, president, plenty of person has welcomed what he calls china's constructive role and trying to in the ukraine war after years of us to lucy officials and to rom, say, presidents. abraham bracy has welcomed and invitation by king solomon to visit viet earlier this month. the countries reached agreements broken by china to reopen

embassies. a last ditch warning on the need to tackle the climate crisis is said to be released by the united nations. on monday, the you in report has said to be a textbook for address and climate change, and an action and delay and not among the options how environment it is in the clock explains. it seems almost every day we are reporting on the growing tragedy and unpredictability of climate change. this is mila away. hundreds dead. hundreds of thousands displaced. the cause. a record breaking cycling on the other side of the world in argentina. endless, brutal heat compounding a drought with farmers facing losses of $14000000000.00 in every country on every continent. the climate emergency is takia grip and it's not as if there haven't been warnings. listen to the former nasa climate scientists. james hanson addressing a u. s. senate committee way back in 1988 altogether. this evidence represents

a very strong case in my opinion that the greenhouse effect has been detected and it is changing our climate. now, of course, we now know that hanson's words didn't change anything for the batter. 3 decades later, the warnings was still coming. the climate crisis is a cold ransford humanity. and these assembly and the government set on the world's face a moment of truth. well, it's been 2 years since antonio hair has said that and fossil fuel emissions continue to rise along with the colossal profits for the oil giants and global temperatures. yep. they're going up to. meanwhile, the extraordinary weather keeps rolling in light, snow storms and record heat waves symbol tenuously in the united states in february . so this latest reports will now become the fundamental policy document for shaping climate action. it is the distillation of years of work by hundreds of top scientists. whether or not wild lead is will act on it. that is another question. a

heavy rain is causing a large number of land slides across peru, pudding, thousands of lives at risk. the collapse of hillsides is not uncommon during the rainy season, but a cyclone and now warm sea waters are making matters worse. marianna sanchez has more from lima. ha, hostel areas from north to central, middle are in state of emergency. dozens of lance lights have buried. holes plots have washed away villages. thousands of people have been left homeless. it is the rainy season here, but the dilute is heavier than usual climate experts say the oceans temperature in the north coast is at least one degree warmer. they blame that on a phenomena called the nino, and it could spell more rain and much lights cod for some of them in there when we are totally vulnerable. any excessive rain continued activating landslides, and we still have a month and a half left. if anything can happen, the

a brisk are nearly 3000000 peruvians who live in ravines and river banks in commerce district that to young river has washed away many homes. freight and residents are living outdoors. l. u at man. this says the government has abandoned them, is by the only way, where am i going to go? we live in precarious homes. we want retaining walls. we made decent living conditions. in 2017, a coastal, in your cost, more than $3000000000.00 in damages. this community was one of those washed away. madeline have been yes, as they were built in the same spot because they didn't have another option. we don't have money for a better home. that's why we've taken the risk of living here. we don't want to, we have to expertise, climate change is making these disastrous, more frequent. there are millions of peruvian to live in barely habitable areas. they build their homes without permits, but authorities have done nothing to stop them. so others follow suit. nearly 10

percent of produce population are at risk. many complain that government doesn't have a plan for them or really so the state doesn't have a social housing policy. the state implicity says here i do not give you housing, but you can occupy the public land. you want from time to time, i will give you water and other services. the government is focused in tackling the emergency. experts say river drainage and channeling systems must be built along the coast. but people like alias he, they need urgent solutions. for now, his community will have to hope he won't become the next victims of the extreme weather. again, as anxious as he'd elena palestinians have been protesting in hebron and garza against talks between israeli and palestinian officials and egypt. hm. ass which governs the garza strip, has condemned the west bank base palestinian authority for taking part in the meeting. the talks were a bit to try and calm,

a surge of violence and the occupied west bank. and a joint statement issued after the meeting. both parties agreed to work towards deescalate intentions and continued to reach dialogue. as those talks were taking place, an israeli man was wounded in an attack on the occupied wis bank. a palestinian gunman opened fire on and is rarely couple in the car in the town of who warren, a similar shooting last month prompted israeli settlers to burn palestinian homes and businesses. i me, cody, is director of global engagement at american university of beggars. he explained for he beliefs will come out of the summit and ages. what is good, i think in the community. it does talk about practical things that the palestinians really need, which is find answers and stopping a hold to temporarily hoping settlement some unilateral actions. but these role is have promised us before and never really delivered. so hard to say this is good

or this is bad. i think it's, it's good in principle, but you really have to wait to see what comes out of it. the palestinians are suffering daily under occupation expiration of land, new settlements, rampages by settlers, curfews killings of the jailing these things have. and this is what people are going to look at if you do get a session of this israeli criminal actions. and then there will probably be a period of quiet in which these is postings are not killing each other, but you still have the occupation and the occupation is not mentioned in this, in the sex except for this, this intriguing phrase, talking about a political horizon. no political horizon can be anything you want it to me, but in diplomatic speak. it means moving to a political negotiation to resolve the underlying political issues which are the

occupations by israel. and conversely, the palestinians recognizing israel, the palestinians of already told israel many times, they recognize it. so we'll see, we have to, when seen you as president joe biden has spoken to israeli prime minister benjamin netanyahu to express this concern about planned overhauls to the countries judicial system. math protests against the changes have been ongoing for the past 11 weeks. as the bill makes its way through legislature, the proposals would increase the power of politicians over the courts. and critics, i, they, threatened democracy. garner is struggling to respond to a measles outbreak due to a shortage of vaccines. the government says that can't afford them because of high inflation, but critics blame mismanagement column. baker has more zena adams lives in the city of tamale, 600 kilometers north of garners capital across 3 of her children are sick with

measles, and she suspects her 4th is to. she's left her business to visit them in hospital. this was really stressful. i had to look up my shop through with them at the hospital, and the little money i have is what you spent on their medication that shouldn't have happened. i tried to get all my children vaccinated against these preventable diseases, but was unsuccessful. why should the country even run out to vaccine for children? zayna children are among scores who fallen ill since october last year during an outbreak of measles in the north. the united nations and gone us health minister say children have not died from the disease in the country for nearly 20 years. now, 5 are suspected to have died since the start of 2023. many health workers say that could have been prevented by vaccination. would allow that over 80 percent of the patients that we got between last year. and now i have not received a immunization that they have not received in

a thin already received. this is single, those sick and standard childhood vaccines are made available in gonna, through the un and the global vaccine alliance gathered. the government funded vaccines including for measles, ran out. it blames and inflation. rate of more than 50 percent are only built to reach out to our various offices across the globe to see whether some free countries can land some of these about these 2 countries. so that they feel the gop gonna is among many african states whose vaccination programs were brought to a standstill during the pandemic. the government acknowledges there were shortages, but says it's managed to get some new deliveries. but they've come to late for a non children. and she can only wait and hope they recover. calling baker alba, 0. in india, a shop drop, an onion prices in the western state of ma roster has led to

a crisis among farmers. the country is the world's 2nd largest producer of the vegetable. the side government says it will compensate, gro was, of the hundreds of families started protesting poverty, metallic reports from losses. gal, i, this is how prices are decided at each us largest onion, wholesale market. farmers in trade us from nearby areas meeting the town of laslie gout every morning to day them buddhist samba, they say they are struggling because of falling prices, like never little back on the final guy. whisky white as i am going to me like i lost more than $1300.00 the season. i'm known definitely, but i can't even done my house. i'm worried if i'll be able to grow onions next year. what i'm scared my dep fuel increase and i'll be stuck in cycle of launch. i get the western state of my roster as in just largest producer, red onions recently, prices dropped by half, creating a big crisis in the region. drew as

a blaming this on surplus produce estimated to be around 30 percent pharmacy. i say government policies are making it difficult for them to export onions. climate change has all to impacted on in supply higher than usual temperatures and unseasonal rain have reduced the shelf life of these onions, forcing farmers to bring them earlier to markets before they wrought. glad i could take them. i did not heard of it. j to say they're trying to revive the market before the summer harvest arrives, then courage and customers to bite low prices about and working with farmers to find long term solutions. they wanted a big while. it was under scheduled, opposite failure warehouses. yup. it, these red onions cannot be stored for too long by the pink onions half along the shelf life. and so we are asking farmers to expand warehouses for those social studies. we are also suggesting they grow varieties that can be exported to regions like europe in the middle east. so next time there's a crisis here, we can so the produce that last week housings of farmers started marching to move

by to demand financial assistance. the end of their protest after the state government agreed to their demands, those include subsidizing prices and waving loans. some say the solution is only a temporary fix, marcus, joy, all, oh, so that owner to you, the entire system needs to be overhauled right now. political parties interfere and decide who's allowed in the market. this should only be buyers and farmers, no one else. additionally, farmers need to learn to balance onion production with demand, so they can get a good price. harvest season is expected to begin next month. farmers hope they'll benefit from new policies and start recovering their losses. pardon him at the larger sierra lawson gown? western india. ah, this is al jazeera and these are the top stories. the sour. so.