to get angry about this is in itself a sign of progress. join me, mark him on hill for upright. what al jazeera. from the al jazeera london, bro, consented to people in thoughtful conversation. art cannot be easily erased by, by the superpower with no haste. and no limitation. what mattered in all was to be radical. how can the thing that's radical be for say, part one of the highway and denise, your pool is not about want to sell. you know about the message you studio b unscripted on outs is era. ah you. ready swiss bank u b. s. is buying troubled rival cities, recent estate back deal to avoid turmoil markets in asia. reacting cautiously

ah, and cyril then yes, great to have you. this is l 0. live from door are also coming up today. vladimir putin welcomes what he calls shine is constructive role and trying to end of the ukraine war this ahead of shooting things visit to moscow. iran's president receives an invitation by the king of saudi arabia to visit re add after years of hostility and climate change. red alert, you and climate report do in the coming hours is set to warn the world the time is running out to the curb emissions. ah, the swiss government has persuaded u. b. s. bank to buy struggling rival kitty streets for just over $3000000000.00. this is the latest attempt to stem market turmoil. the began

a week ago with the collapse of silicon valley bank in the us. the swiss national bank says it will ensure both banks have access to enough cash to make this work. finance minister of karen keller, sutter said the agreement was necessary for global financial stability. 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. andrew collier as managing director of orient capital research and your thank you for coming on the program. you're in hong kong, so you're getting the 1st taste of market reaction to this. what are you seeing in asian markets right now?

well, the asian markets dipped pretty quickly because of the turmoil with the u. b. s. and the credit suite situation, but the market is leveled off also rather rapidly because people realize that it's not going to impact the region that much, at least at this stage of credit suisse is of assets in hong kong, i think are about 0.5 percent. of the total, so it's pretty minimal. the real question is going forward, whether there's an animal spirits reaction in asia, about the turmoil in europe in the united states. and whether high net worth people start getting nervous about keeping their cash in various banks. so the thing is over the last week, the new cycle has been no banks in trouble, and then it's ok containment measures have been take men. oh no, hold on. another bank is in trouble. so i suppose that's the question we're all asking is, where are we in the cycle? well, for the asian banking system, every country is going to be somewhat different. i mean,

the real concern for all of us looking at banks in asia is the chinese situation. and that has more to do with the overall economy and the property sector. the bank stem cells are the sort of the, the tail wagging the dog in the sense or the property sector the other way around. but the contagion effects from the united states and europe is less of an impact out here. it's really a question of whether people think that there are some of those problems will somehow wash up and i don't think they will. ok, that's really interesting because i opened this by asking you essentially how asia was reacting to this. and you're telling me correct me if i'm wrong here, but you're telling me, well, asia's ok with it right now, but they will then watch how europe in the us react to this. well, the problem is that, you know, interest rates in the federal reserve in the united states and the big impact on how economies work in, in here. sure. and i think b, e, you raised interest rates e, and that everybody's watching not carefully because the, the economic health is gonna affect exports from thailand to china, to vietnam,

et cetera. so of course it would be concerned, but in terms of direct linkages, there is not so much a direct linkage. it's really more a matter of the global economy starts falling apart and the banking system. all right, andrew collier, managing director of orient capital research. thank you very much for that 1st taste of the market since the buy back a buy over of a kidney series by u b. s. thank you. russian president vladimir putin has welcomed what he calls china's constructive role in trying to end the war in ukraine. chinese furnishing thing is traveling to russia for a 2 day visit. she call his country's friendship with russia an all encompassing partnership. katrina, you report from vision as she didn't being has visited russia a 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

. crucial with china and russia working together, the world will have the driving force toward multiple levity and the great at the mock or c. e international relations stand 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 ad 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 plaid calling for a cease fire and a dialogue between both sides. this days, after several voice, both parties are exhausted. and yet the white shoe has the hoary star pupils trying to kill us and do on it. and he can do it, but others say baiting is reluctant and unable to play this role due to the west's

extensive backing of kids. it is great power, jap, pullet eggs going on there. it's very difficult to, to play mediating role in that context. and all 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 it's claims of neutrality has been questioned. last year, she declared a no limits 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 putin's birthday the united states as china is considering providing military support to russia, which they ging denies. she is reportedly planning to speak to load him. is a lensky following his moscow a 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 in teheran se iranian president, abram racy, has welcomed an invitation by saudi arabia's king salmon to visit re add regional rivals, also announced plans for their foreign ministers to meet. earlier this month, the countries reached an agreement brokerage by china to reopen embassies after a 7 year rift, anyhow, sham reports from thereon 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 on the arrangement president according to what i met, jim she the welcomed invitation and stress discussed readiness to both sides. now

on sunday, also iranian foreign minister said abdulla he and that kind of a shoe offering and saudi relations in is krista and he said that both countries are currently studying the new settings and how both foreign ministers could meet more. there are more who are at our best 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. caught up over the last 10 days, messages had been exchanged between the 2 countries through the swiss embassy. we announced we are ready to hold the meeting and on the last message sent from us, we suggest 3 places for the meeting. 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. oh,

with michigan you turn the full title for man leading immigration to divide thighs the also welcome the promotion of relations with jordan to the level of ambassadors and the dialogue taking place with egypt. the ash images 0 that on palestinians have been protesting in hebron and gaza against talks between israeli and palestinian officials in egypt amongst condemned its rival, the palestinian authority for taking part in those talks. they were bid to contain rising violence in the occupied west bank. now both parties at the meeting agreed to try to deescalate tension and continued direct dialogue from inquiry as director of global engagement at american university of beirut. and he explained what he believes will come out of the summit. egypt. what is good? i think in the communicate it does talk about practical things that the palestinians really need, which is finances and stopping, hold temporarily holding settlements and new lateral actions. but these really just

promised us before and never really delivered. so it's 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 the palestinians are suffering daily on their occupation. expropriation learn new settlements, rampages by settlers, curfews killings, jamming these things have to and this is what people are going to look at. if you do get a cessation of vision is really criminal actions. then there will probably be a period of quiet in which the passenger not killing each other, but you still have the occupation and the occupation is not mentioned in this and this except for this, there's an intriguing praise, talking about a political horizon. oh, you know, a political horizon can mean anything you want to mean, but in diplomatic speak,

it means moving to a political negotiation to resolve the underlying political issues which are the occupation by israel. and conversely, the palestinians, recognizing israel, the persons of already told israel many times they recognize it. so let's see. we have to in seen in malawi, more than 400 people have died from flooding cause bicycle and freddy, international aid has started to arrive. but rescue teams are still looking for those stranded by the flood waters for me to miller travel to then sunjay district which has been cut off for days. it's been a 5 day wait. and finally, help has arrived. little medical well being very pinned for waiting for a boat to get to the mainland because it is not food. we are very hungry among those waiting to be saved as for tim afraid and her child visit anymore. only the

grace of god that we live. because our friends were taken by the water offering that they need, they are dozens more stories like these in my congress central malawi. the area lies between 2 large rivers and heavy rain and wind from cycling pretty have caused intense flooding, cutting its people off from food, water, electricity, and help facilities. farm land and crops had been devastated. a rescue operation has been run by police, but it's limited. they say they're doing whatever they can, they have some support from the us volt food program or w f. p. currently we operate with only 2 bus from the usb, against a huge number of people that want to be acquitted to bank, all of which is an upright tracy. her name is cooking the last of a mays. she tells us she survived powerful flood waters by tying a children to tree branches because she could not hold on to both of them. at the same time, the boats will go back in 4 days to come so far. 1300 people have been rescued and

many others awaiting, but they are victims of the flooding, who refused to leave their homes. like those in this village. they want to stay with their families and what they know in the town of bungler, the situation is only just improving. but people desperate for refuge continue to arrive. clinging to the few possessions they've managed to save. but bungling is also cut off from surrounding towns and cities, but after 3 cyclop, in 18 months, people in this district are quickly adjusting. and just as quickly are beginning to re bold with the little they have. for me, tamela al jazeera in santa district, malawi, still head on al jazeera security is ramped up across nigeria, as the country tallies, results of state governor's elections. and 20 years since the us led invasion. we look at iraq struggling efforts to modernize infrastructure.

ah, ah, hello, that was start in the middle east and live and an unsettled weather continues to steal the story particular across northern areas of the region. we got an area of low pressure sitting around turkey, that's brought some very heavy rain and wintery conditions also caused some flooding here and in syria. and we've also had some unusually heavy rain for in southern areas of yemen and mon, particularly salon in mind. we are set to see that rain continue. we could see some of those showers stretch their way further east, but it is a story of wind. by the time we get to choose day, we could see some sandstorms blow into places like guitar and the u. e. as the wind picks up, that's going to affect visibility as that dust floods. the air now was we move to

north africa. it's also a story of very ferocious winds. here you can see them picking up across western areas of libya as well as to nicea and algeria a few showers here and there. but it is going to be the wind that brings the threat of sandstorms wet across the gulf of guineas, some ferocious thunderstorms rolling into nigeria by tuesday that joins up with wet weather, stretching all away across that central band with some welcome rain coming into somalia. mogadishu, at $29.00 degrees celsius on monday. ah ah, ah, ah,

hulu. ah, you're watching al jazeera reminder of our headlines this our swiss banking giant u. b. s. is buying troubled rival city streets for just over $3000000000.00 in a state back deal. it is hope the deal will shore up confidence in the global banking system after the collapse of to us lenders. chinese president, choosing ping is said to travel to moscow on monday for a 2 day visit, rushes, president vladimir putin has welcomed what he calls. china is constructive role,

trying to end the ukraine. after years of hostility officials in iran, se iranian president, they bram racy, has welcomed an invitation by saudi arabia, king sell month to visit, re add. earlier this month, the countries reached an agreement to reopen embassies. a warning on the need to tackle the climate crisis is set to be released by the united nations. on monday, the u. n. report is said to be a textbook for addressing climate change. our environment editor nick clark 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 tear has said that and fossil fuel emissions continue to rise along with the colossal profits for the oil giant 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 leaders will act on it. that is another question. heavy rain has caused multiple landslides across peru, putting thousands of lives at risk as not uncommon for hillsides to collapse during the rainy season. but a cyclone, an warmer than normal sea waters are making matters even worse. arianna sanchez has more from lima ah, coastal areas from north to central, they do 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 ocean's 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,

sciatica, and what does that mean that we are totally vulnerable? any excessive rain continues activating landslides, and we still have a month and a half left. this isn't anything can happen. the at risk 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 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 experts say climate change is making these disasters more frequent.

there are millions of her events who 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 for keeley fowl. the state doesn't have a social housing policy. the state implicity says yes, 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 that government is focused in. tackling the emergency. experts say river drainage and channeling systems must be built along the coast. but people like ileo see the need urgent solutions for now his community will have to hope. he won't become the next victims of the extreme weather. again, a sanchez, i just need a lima and security estate across nigeria as boat counting continues after saturdays elections for more than 900 assembly legislators and 28 state governors

from cano ahmed address reports i sure force by nigeria, security forces. this is a psychological move to preempt any violence following the elections across many of those states. tension is high. i had of results being announced, especially in those states that have been keenly contested fuel cases that will come up rosewood in the confidence building. bartold which are the agencies where part of and i let, has given their desired quoted. and the people that threat will not be used to intimate it in a water. the streets of colonel in northern nigeria commercial hub, are largely deserted. business people anxious about what could happen when results are announced. have locked up, determined to protect their ballots, voters and party supporters are waiting at result coalition centers nationwide. as

a buckle ground state council has always been prone to post and letting violence security forces say they are ready. but analysts warned against under estimating the potential scale of violence after the results were announced, especially after the violence that killed several people in the last presidential election. security is high at the vote counting centers. and what happens in these halls will have significant political and secure implications for africa's biggest democracy. wherever is and we remove, saw on or ever citizens. chas. is the person, those people you see in the volition sent out declare. so i'm absolutely confident about that transparency. the process in areas in lagos, why violence and vote intimidation, have been reported. voting has been held again. vote buying by politicians has also

been recorded around the country. for now, it's not clear how much the violence and irregularities will affect the credibility of the election results. but everyone's as a way to, for the reason i was using it a can nigeria, you know, 20 years after the invasion of iraq opec 2nd largest oil producer, is still struggling to provide basic public services to its people like power and clean water. some a binge of a reports from barbara. the buttress famous italian bridge wasn't here 20 years ago. neither was the main road that leads to busters international stadium. now the streets are peaceful and there's relative political come in the city and across it all packed up. and we've achieved more than $8000000000.00 a for an investment up to february 2023. we are keen to achieve major projects and this is all in coordination with the federal government. lots of projects were completed in basra, related to infrastructure services,

commercial and tourism sectors, and this oil field, if the image noon, which means crazy in arabic, something that refers to the large amount of oil, or there's found here in one location, an estimated 38000000000 barrels the mission field produces 240000 barrels a day for iraq's economy. and production is planned to be expanded to 5 and a half 1000000 barrels per day. in our government says, despite obstacles like corruption, red tape and an unstable region invested, the lining up. they may be 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 birth comes from iran in on a stretch budget. that's the burden. it also spends an estimated $5000000000.00, unimportant diesel and petrol. that's left it off currency struggling against the dollar. and that's not all. and there's no malia and the other had to remodel it

had to it as estimated by a parliamentary committee, corruption cost around $10000000000.00 a year around $600000000000.00 have been smuggled out of or i can the past years we have to fight against corruption, administration, and financial, there's no real development in the rocky economy. 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 rivers 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 u. k and us forces use depleted uranium. frenzy is after the invasion, a lot has stays yet. this problem continues to them in the bag won't put ross, oil based economy. but still the complains of the people are

a lack of job opportunities infrastructure. and the lack of attention from the people in power from a me, i with others era, but earlier the iraqi prime minister mohammed, shire, also, donnie spoke to al jazeera, about corruption among senior government officials, et cetera. but in the, after the said she has, it became known as tax money from about $3.00 trillion iraq dina's was stolen, the theft had official and government protection and cover. now, the judiciary points to the existence of a network of senior officials in the form of government who participated by providing protection and facilitation for a network of thiefs. he took the money of, i'm at this case in particular if does not lead to accountability and the return of public money and talk about fighting corruption. it will be in vain. and to sexual mexico central bank has raised its key interest rate to record high of 11 percent to try and reduce inflation. we spoke to one street vendor to find out how people are coping. know me if somebody ever left us that was my name is rose and maria

velasco zaragoza ive been managing the store for about 30 years now. we've had good times and weather some bad times, but we remain in business. thank god. the idea that our clients are working, plus most of them a minimum wage. so we make products that they can afford with what little money they have to find on my knees, that bread mayonnaise, me, everything is getting more expensive. the last price to increase was bread, so we had to increase our prices, also, our customers to the market. yes. as the inflation rises, people take more care of their money. it is worth less. so if they don't make enough to wait on the street, maybe that will bring their lunch from home. i thought, oh no,

i get this inflation affects everybody. they is customers and us is merchant. now our sales have dropped to half of what we used to sell they chunk of some bill. so as a matter of fact, we sell even cheaper than most of the said, which we try hard to keep process low. so we won't lose my customers know by the way i'm going to keep on working as long as god allows me to. if i'm healthy, i will work. every day i wake up willing to serve my customers and with fight that this work will be enough to feed me. it's hard. we have to keep going. mountain negroes incumbent president miller duke, another ch will face a run off on april 2nd, after winning the most votes in sunday's election, but not quite the 50 percent needed to win outright. his opponent will be pro european economies jack of military sch, edge down to.