that central band with some welcome rain coming into somalia. like a dish you at 29 degrees celsius on monday. ah. but as soon as the sun goes down selling a, it's a very challenging place to work from. as a journalist, we are always looking and boundaries part of the center of mass now is ongoing. loved down. we are the lines rattling the extra mile. where are the media? there we go. we go there and we give them a time to tell their story. ah, swiss banking giant u. b. s. rescues. it's troubled. rival credit suisse government back deal with billions of dollars.

ah, i'm about to sort of this is all 0 alive from doe of also coming up. russian president vladimir putin welcomes what he calls china's a constructive role in trying to end the ukraine war ahead of a state visit by she jin p, south africa, braces from mass protest against ruling power cuts corruption and unemployment. climate change, right alert or un report during the next few hours is expected to warn the world that time is running out to car the missions ah, banking stalks have tumbled on monday as initial relief about the rescue of credit suisse has given way to new worries about big banks, debt. swiss banking giant u. b. s group is buying a struggling rival for $3200000000.00 and the state broker deal. it's the latest crisis to head global financial markets since the collapse of silicon valley bank

in the u. s. 10 days ago, the government says the deals the best solution to restore confidence. so the sector, the bankruptcy of a global, systematically important bank would have caused 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 councillors convinced that u b. s. takeover of credit suisse has laid the foundations for greater stability, both in switzerland and internationally. ball brandon's following the story from london. it's been a really tumultuous and frantic few days in the international banking sector. pretty much, ever since weapons day when credit suisse was extended, a $54000000000.00 credit line, which it was hoped would keep the bank going. in fact,

it failed in not attempts. and last week, credit suisse was seeing deposits taken out of its coffers. the rates of some 10000000000 swiss francs every single day, a real crisis of confidence in the stability of that bank. now the news conference that's taken place on sunday evening has outlined the problems and the options on frankly, they said the takeover by u. b. s. was inevitable and unavoidable. and the idea that this was a bank that was too big to fail has come up again. and again, in the news conference, there was a whole raft of senior executives in that use conference and some of the quotes from it were as follows. the finance minister saying that the top priority was to protect the financial sector and also switzerland reputation for international banking. the president said that they believe that they come up with

a very strong solution to a complex situation. and the u. b. s. chairman, who is the person who is going to be helping the new entity coming out with some very strong, very reassuring quotes. saying that this was an integration as opposed to take care of a enormous opportunities. he spoke called the u. b. s. will remain rock solid. now, the importance of that is to try and reassure investors. well, credit suisse is not just one of the switzerland's largest banks is also classified as a globally systemically. important binds, but the financial stability board and managers around $1.00 trillion dollars around the world. but it's profits tanked mass in 2022. dropping almost $8000000000.00. after losing 2000000000 in 2021. it shares have been on a sharp decline since 2021. did no last, almost 90 percent of their value in the past 5 years. investors took the money

elsewhere when the banks mean shareholder refuse to offer financial help last week . after that, even of $54000000000.00 lifeline from the swiss national bank couldn't stand the pessimism which brings us to the buyout solution. once you b s. a choirs credit suisse is going to have access to over 5 trillion dollars in assets. canadian mares and economist based in the swiss capital and she says the deal is the best possible scenario. well, i think it was the absolutely necessary and it was the best of, of very few solutions i deal solution. but it's the least bad solution. you know, the other solutions would, would have been to let the bank grow box, which have a huge ramifications both in the global financial system and in the swiss economy as a whole lot of the financial sector and, or to say, or to nationalize the bank. so this was the most elegant and the least solution. what i hope it will stem that at least the, the, the confidence in b, c,

c o, b, s, the flip system. but you know what we're seeing on the, on the other side of the atlantic in the us, the client that there are quite a bit of rumblings, but the disciplined him made sure. because if you look at the u. k. d suite, they will talk with the lies on pill. so many pulses went out there, but also they also have no liquidity issues. you look at the, at the banks in the us will have issues. they have issues because of liquidity concerns because of capitalization. and because especially with s b b, because the report on the wrong end up rising interest rate, that was not the case with the suisse. johnny's presidency, jan things in his way to russia for a 2 day visit. russian leader vladimir putin is welcoming what he calls china's constructive role in trying to end the war in ukraine. she says the relationship

with russia is an all encompassing partnership with any you reports from beijing. she didn't ping 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 in what's expected to be a major show of chinese support for moscow as it continues its invasion of ukraine towards utah. with china and russia working together, the world will have the driving force toward multiple levity and the greater democracy in international relations and a global strategic balance. and as the ability 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 days, after several months, both parties are exhausted. and yet the white, she has the hoary. she was dorothy was trying to get off and you all are currently doing, but other se baiting is reluctant and unable to play this role due to the west's extensive packing of kids. it is great power geopolitics going on there. it's very difficult to, to play 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 its impartial in the war. but its claims of neutrality have 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 has china is considering providing military support to russia, which they 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 that says it's cautiously receptive to beijing's involvement. but a withdrawal, a russian forces from any occupied territory must be included in any piece deal. katrina, you al jazeera, they doing or both presidents were this news articles and state media head of monday's visit. she wrote an, a russian newspaper. the relations between the 2 countries are based on known alignment and non confrontation against 3rd parties. you also stress the, china's pursuing reconciliation and peace in ukraine. meanwhile, hooton's article in china's people's daily accused the u. s. so following

a strategy of a double deterrence of russia and china, hooton's said it's becoming more acute and assertive. we'll continue to use johnny to start from beijing. so what is president she actually hoping to achieve with this? well, according to the article he published in russian state media on monday, presented in things says that this is a mission of peace and friendship. he wants to expand moscow's relationship with aging and according to badging. it's important for the international community that russia and china a close in order to provide some stability in a multi polar system and balance what aging says is the hedge a monic bullying of the u. s. and other western powers? of course, a big part of this trip also is expanding economic ties. trade between russia and china has now worth about $190000000000.00. and that sort, since russia has invaded ukraine by about 30 percent, and

a lot of that is cheap oil and gas that china gets sounds very beneficial, pulls full banking, but also she didn't think is going to russia to shore up his support from vladimir putin at a time when paging is really facing increasing tensions, increasing rivalry with united states and with united states as allies and even european partners. and vader wants to make sure that ross, russia is always in its corner. and of course, this is going to be huge, a diplomatic symbol as well to the well, this is the biggest show of support that russia will have received since the beginning of its invasion of ukraine. it's a big symbol of solidarity that beijing a showing with russia, i think because russia is so important for china. she to thing is doing what he can in this visit to somehow legitimize jaguar, may putin and his war effort in ukraine. and of course, he says he's also going to share is ideas about how to and the crisis and the war that although he has failed to blame russia or to condemn this invasion of kids. we

heard in your report just a couple of moments ago, alexander colonel, are from the university of new south wales, saying that russia and ukraine don't want to negotiate at the moment. do you have any indication from this visit? how this will influence the attempts to mediate in the ukraine war well, it's an interesting time and certainly it's significant that china has just come off the successful brokering of a peace deal between saudi arabia and iran were strange for 7 years. and she jumping is definitely wanting to capitalize on that success and put forward china as a global leader and alternative to the united states. and yes, even a mediator. and i've heard analysts speak on tooth 2 points, about whether it can successfully mediate between ukraine and russia. on one side, china is of wanna unlike the united states, which is able to talk do theoretically at least both ukraine and russia. and it says that it's an impartial and neutral policy. but the way that this is not

different from the way that this is not the same as the situation in the middle east, the saudi arabia and iran is that we have very strong extensive in play, a military backache of ukraine by the united states, by several european countries and china at the same time, is trying to also balance its own interest in its own relationship with europe. it needs trade with europe to survive economically. and at the same time it doesn't want to pope the russian bear so to speak. he doesn't want to do anything to make this relationship with moscow loanable because they want to make sure that vladimir putin is very much in this on the slide of aging. when paging needs it to be when it comes to issues around taiwan and south china sea, for example. so it will be interesting to see how far she didn't pin goes when he, when he visits a russia, when he talks of that a med putin. but at least he can say, well, we tried to mediate tools, we tried to push for dialogue and pushed for piece. and even if aging is not fully successful at this end,

it will say that it pushed it. it's it's effort and push this image as a negotiator, as a neutral posse in this conflict. and as a global leader, katrina you talking to us from beijing katrina. thank you very much indeed. well, president vladimir putin made a visit to the russian, occupied city of mateo, paul and ukraine. a day after the international criminal court issued an arrest warrant for the city in the den, yet squeezen was annexed by moscow last year. put him was driven around several districts on saturday. he was shown restoration book, the theatre and the university mario pole has been the focus of one of the fiercest battles of the war. the u. n. estimates nearly 90 percent of residential buildings were damaged or destroyed in the russian siege. after years of hostility officials in toronto, se iranian president abraham lacy as welcomed an invitation to visit ria by saudi arabia's king. so long regional rivals have also announced plans for their foreign ministers to meet. earlier this month. the country has reached an agreement brokerage by china to reopen embassies that have been closed for 7 years.

allocation has more fund relations between iran and saudi arabia are moving fast. and they to the really impressed them to reveal on sunday that king said, 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 shitty welcome to invitation. and stress has gone through. it's ready, let's do both sides. now on sunday, also iranian foreign minister for st. mirabella, he had tacos ratio of hearing and saudi relations in this dresser. and he said that both countries are currently studying the new settings and how both foreign ministers could meet more. there are more do 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 the 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 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. you also said that relations with bahrain o, witnessing in, you turn, with the full thought of all man leading immigration to revive thighs. the also welcome the promotion of relations with jordan to the level of ambassadors and the dialogue taking place with egypt and the asher man. just all that on. so add on al jazeera climate change takes a toll and peru experts warn the rising ocean. temperatures are intensifying, flooding, alarm slides, and coastal community. ah

frank assessments. this treaty provides us with this hopeful moment where countries could come together and stop putting in place the rules and will allow us to treat the global commons with the attention it deserves. inside story. on al jazeera, what is gay city has become a major global issue. the demand is going straight up, the supply is going straight down, turning in essential natural resources 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 still needs water? al jazeera examines the social, financial, and environmental impact of water privatization loads of water on al jazeera. we town the untold story. ah, we speak when others don't. ah, we cover all sides. no matter where it takes us. a fin guy,

i am power in pasha. we tell your story. we are your voice, your news, your net al jazeera, hulu. ah, watching out a 0 reminder of our top stories this so swiss banking giant u b. s. is buying out troubled credit suisse in a $3000000000.00 deal. the combined groups can manage more than 5 trillion dollars worth of assets. chinese president, she's in things on his way to moscow for to day visits. russian president vladimir

putin as welcome what he called beijing's constructive role in trying to end the war in ukraine officials and her grand se iranian presidents abraham races, welcomed an invitation to visit via by saudi arabia. as king salma regional rivals have also announced plans for a meeting between our foreign ministers. one of south africa's opposition parties, the economic freedom fighters is calling for the national shut down and mass protests. it says it wants the president to be removed on rolling power outages to end the board, who's warning businesses to close. all risk being looted security's been tightened . the government buildings on the armies being deployed, or from honest, we're going to bring in ha, tomato, from portfolio. how. what did the organizers of the march hope to achieve this? well, this is why she left mil emilita the opposition. if a party said, he says that we cannot just sit for the arms and watch the country collapse,

he's hoping that his supporters and others have africans join him in march, quoting for president, sarah was there to resign and they also calling poor protest against the economy the state of price is yeah, the high constant bleeding and any tricity crisis, some places in the kind of you, again for more than 10 hours without power in people's office straits had police and the army have been deployed across the country to prevent looting and damage to property, as africans are watching these events very, very closely, because back in 2021, riots broke out of economy in some parts of the country and back been hundreds of people died and a lot of property was damaged. the one thing to bear in mind is that it's a long weekend here in saw that the tuesday is a public holiday. so some people have taken monday old and are on vacation out of town with a family in plain. so that could affect, wanted to know how to what spin the government's response to the issues that have been raised by these faster to south africans. oh,

well this is sarah bosses is, he knows about the issues that africans auckland, send about. and he said his government is trying to deal with them. he appointed the country electricity minister of a could, is the saying that it's the, it's another ministry way public funds are being used to do a job that i, the ministry was supposed to be doing anyway. but he also says he feels these protests, the timing of them is suspicious. he says he feels its opposition parties who are positioning themselves. i hated elections next year to try and we can be a and see. but some of the atlas had come out and said this also highlights the huge use division in south africa between the people themselves, between political parties and also i suppose between divisions in the ruling a appointment. we new power since 1994. they're saying that the are people in africa who feel the come with are no longer working for the best interest in the country is all about themselves. that's why some of them are marching not just

opposition supports, as little subordinates on african sicily, frustrated with the status of economy and the power. so i talk to some tutorial this how to motel. so how to thank you. a warning on the need to tackle the climate crisis is expected to be released by the united nations. on monday, the new and report set 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 site claim 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 better. 3 decades later, the warnings was still coming. the climate crisis is a cold ransford humanity and these assembly and the government said on the world's face a moment of truth. well, it's been 2 years since antonio terrace 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, snowstorms 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 world leaders will act on it. that is another question. while heavy rains cause landslides across peru, putting thousands of lives at risk, it's common for hillsides to collapse during the rainy season, but a side clone as well as warm up the normal sea waters are making the situation much worse. marina sanchez as more from lima. ah, coastal areas from north to central p 2 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. cod jackson was not only there when we are totally vulnerable any excessive rain continues activating landslides,

and we still have a month and a half left. anything can happen, the at risk are nearly 3000000 peruvians who live in ravines and river banks in commerce district. the 2 young river has washed away many homes, freight and residents are living outdoors, l. u at man. this says the government has abandoned them. 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 up in yes, as they were built in the same spot because they didn't have another option. we don't have money for a bed at 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. they're emilio, her reveals live in barely habitable area. they build their homes without permits,

but authorities have done nothing to stop them. so others follow suit. nearly 10 percent of the new population are at risk. many complained the government doesn't have a plan for them for the state doesn't have a social housing policy yet. the state implicitly says, 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 expert, say, river drainage and channeling systems must be built along the coast. but people like say they need urgent solutions, for now his community will have to hope they won't become the next victims of the extreme whether deanna sanchez, i guess he didn't. mexico central banks raised its key interest rate to record high of 11 percent to try to reduce inflation. we spoke to one st vendor to find out how people are coping. know me if somebody ever left us that was. my name is rosa maria

velasco zaragoza ive been managing the store for about 30 years now. we've had good times and weathered some bad times, but we remain in business. thank god the our clients are working cloth, most of them and 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, you know, to the market now. yeah. as the inflation rises, people take more care of their money is worth less. so if they don't make enough to wait on the street, maybe they will bring their lunch from home. at the pick up,

i guess 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 turn the sum up. 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 more 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 but we have to keep going. and that's it for me, rob matheson, the news is going to continue and all to 0 after inside story. see then bye bye. ah, hello, that is lots of mild weather to be found across europe as we start the new week

with spring like features dominating we do, however, still have some pretty wet patches, bringing with them the threat of flooding. one of those is lingering in the south east. the area of low pressure sitting across turkey. it still brings some wet and when she weather here windy weather as well for some of the greek islands and a threat of funded storms for central parts of italy. that's part of a wider spell of wet weather working its way across the east. lovely conditions to be found, however, for the iberian peninsula with sunshine, spain and portugal. the worst of that weather. however lingering in the north west, we've got rounds of rain rolling into britain and the island of island, but temperatures here still picking up for places like london and antwerp. now we've got this batch of wintry and wet weather working its way across finland and the baltic sea could bring some flooding to the likes of latvia. i'm gonna knock the temperature down in riga that nearly 10 degrees celsius from monday in to tuesday. it does get wet and window across a low countries into denmark,

germany and poland. but temperature is still on the up. here is the law. the wintry though the southern areas of norway osler coming in at 3 degrees celsius, that she, whether up to, ah, iraq, a nation riddled with land mines and an expert dedicated to defusing them, one by one. equipped with only a month to have more. you faced every day ah, but does his work make him a hero or talk witness the minor on it just you know, 20 years since the you.