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tv   News  Al Jazeera  March 20, 2023 11:00am-11:31am AST

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ah, the latest news as it breaks, so thump is still the favorite here among the grassroots. and in many of the polls the be the republican presidential nominee with detailed coverage fire has swung the spotlight back on the struggle based on daily basis by everyone here from around the world fire that engulfed the 1st 2 cause of this trade was so hot, it may have cremated the victims exactly where they were killed. ah, swiss banking job, you be ass rescues, it's trouble rival credit suisse and a government bag deal worth billions of dollars.
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a robot this and, and this is all 0 life and dough also coming up. russian president vladimir putin welcomes what he calls china's constructive role in trying to end the ukraine war ahead of a state visit by she's in pain. oh, south africa braces from mass protest against rolling par cuts corruption and unemployment. and 20 years after the u. s. invasion of iraq, we hear from a man who's tortured at the infamous album, great prison, and who still waiting for justice. ah, banking stalks 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 it, struggling of also $3200000000.00 and the state broker deal. it's the latest crisis
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to hit 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 in the sector. the bankruptcy of a global systematically important bank would have cross 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. bob ronan'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,
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a $54000000000.00 credit line, which it was hoped would keep the bank going. in fact, it failed in that attempt. and last week, credit suisse were 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 taking 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. busy senior executives in that use conference and some of the quotes are as follows. the finance minister saying that the top priority was to protect district financial sector and also switzerland reputation for international
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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 enormous opportunities. he spoke off that u. b. s will remain rock solid. now, the importance of that is to try and reassure investors. well, going to racism. just one of switzerland's largest banks is also classified as a globally systemically important bank, but the financial stability board managers around $1.00 trillion dollars around the world. it's profit dropped significate in 2022, falling nearly $8000000000.00 after losing $2000000000.00 in 2021. it shares have in his shop decline since 2021. they've now lost or was 90 percent of the value in
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the past 5 years. investors took the money elsewhere last week when the banks mean shareholder refused to offer financial help. and after that, even a $54000000000.00 lifeline from switzerland central bank couldn't stem pessimism that has left the buyout solution. once you b. s. acquire credit suisse. it'll have access to more than 5 trillion dollars in assets. can him as an economist, based in the swift capital and she calls the deal the least bad option. well, i think it was the absolutely necessary and it was the best off of very few solutions that i deal solution. but it's the least fast 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 this, with the economy as a whole lot of the financial sector and or to say or to nationalize the bank. so
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this was the most elegant and the least solution. what i hope it will stem that at least the, the confidence in the few b. s and the flip system. but you know what we're seeing on the, on the other side of the atlantic in the us this, there is quite, quite a bit of rumblings but did different in make sure. because if you look at the u. k . b, we will talk with the lies on pill. so many of the 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 the wrong and uprising interest rate, that was not the case with credit suisse. chinese president eugene paying is on his
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way to russia for to day visit russian leader of letting me put in is welcoming what he calls china's constructive role and trying to end the war in ukraine. she says the relationship with russia is an all encompassing partnership community. you reports from beijing. he didn't being has visited russia. he 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 through as usual, with china and russia working together, the world will have the driving force toward multiple rarity and a 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
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analysts believe it can do the same for russia and ukraine. in february, chinese officials released a piece plaid calling for a ceasefire and dialogue between both sides. this days, after several months, both parties are exhausted. and yet, the white shoe has the hoary edge. you start trying to get off and do all it is you can do it. 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 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,
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she declared a nor limited partnership with moscow. expanding trade between the 2 countries has become an economic lifeline for the sanction country. she and putin are also good friends and have met 40 times, including on prudence birthday. the united states as china is considering providing military support to russia, which they jing denies. she is reportedly planning to speak to the modem is a lensky following his moscow visit. it would be, she's 1st conversation with ukrainian presidents and hostilities broke out care. the 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 well. the 2 liters publish articles and state media head of monday's visit president, she wrote in the russian newspaper that relations between the 2 countries are based on known alignment and a non confrontation against 3rd parties. you also stress the china's pursuing
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reconciliation and peace in ukraine. meanwhile, putin's article in china's pupils, deli accused, the u. s. were following the strategy of double the terence of russia. i'm china. brewton says it's becoming more acute and assertive again, a you is joining a start from a beijing or katrina. so this is supposed to be billed as a show of support. what is present she hoping to achieve this well presented sheet and things as of this is a mission of peace and friendship. and that is important for the stability of what he says is a multi polar world to emphasize and strengthen his relationship between moscow and beijing to combat what of aging, as described as hedge, a monic bullying of the united states, but presidency to bring is very much going to moscow also to protect chinese interests. one is economic trade between russia and china has expanded since the invasion of ukraine by about 30 percent. it's now worth whopping $190000000000.00.
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and a lot of that is china buying cheap oil and gas, and that's very beneficial for beijing. and it says she thinks as he will work to deepen those economic ties with moscow. but also of course, you think, looking up to shore, he sure of his relationship with vladimir putin and sure russian support for china at a time when they doing is facing increasing attentions, increasing rivalry with the united states and its allies. and to that ends. beta does not want to see a bad ending for russia when it comes to this war ukraine. it will not serve aging to see a miserable loss for russia will not serve aging to see bruce and toppled. so i think she to thing is also going to russia in an effort, in some way legitimize vladimir putin war as it in ukraine, is certainly beijing has not condemned the invasion of the, of, of ukraine. and also, beijing has said time and time again that we have to remember that russia has valid
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security concerns here. and i mean, when it comes to negotiations with regard to the ukraine ward, i mean russia and ukraine are refusing to talk to each other. i was this good or influenced china's attempts to mediate in the ukraine war well, the timing is of a significant fading is looking to capitalize on the recent success of brokering peace between saudi arabia and iran. also, we've seen china released this 12 points piece plan. it solution to the ukraine crisis work goals for a ceasefire. it holds for more dialogue. and this is how beijing is saying that it's a, it's in a better position to perhaps mediate that putting itself forward as a global power. that it's been a consistent in its position when it comes to this price isn't always calling for more dialogue, not arming either. side, but at the same time, it's going to be much harder to try and be as successful mediator when it comes to
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russia and ukraine for china. the one reason is both slides have shown little interest in negotiation, but also china has to be very wary of a lot of moving parts here. there's a lot at risk for china. if it pushes too hot. we have to remember that ukraine, unlike a saudi arabia or iran, it has extensive backing from the united states and europe military backing also. and also china needs also maintain its economic crucial economic ties with europe, while not poking the russian best, so to speak. beijing also does not want to do anything at all to risk angering put in to risk losing or putting person off slides or has to remember that. so that really limits how much can it can pushing any potential negotiation between 2 sides and analysts like spoken to as well as says that a say that simply bating does not have enough leverage when it comes to you prayed and trying to broker successful deal of between kevin moscow, katrina, thank you very much. dee this katrina, are you talking to ocean frasier?
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north korean leader kim jong has been overseeing 2 days of military drills focused on countering nuclear attacks. save media says joe, have included the fighting of a ballistic missile, carrying a mock nuclear warhead exercises, comma, south korea, and the u. s. states their own military maneuvers, which north korea says rehearsals for an invasion, hostile act. well, that's a years of hostility officials and tech wrong say any president abraham isaac has welcomed an invitation to visit leia by saudi arabia. as king solomon the regional rivals of an also announced plans for the fallen ministers to meet any of this month. the countries reached an agreement broken by china to reopen embassies that have been closed for 7 years now. and as more from relations between iran and saudi arabia are moving fast and they to the really impressed them to reveal on sunday, the king said men of saudi arabia extended an invitation to,
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but i am lazy to visit to you there in president, according to what i met jim shitty, welcomed invitation, and stress is gone to his readiness to both sides. now, on sunday, also, iranian foreign minister said amir abdulla, he had tacos, they show off hearing and saudi relations in his dresser. and he said that both countries are currently studying the new settings and how both foreign ministers could meet more. there are more to 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. an organized practical steps to reopen the embassies products. 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, one m b. i mean, i will i and said that technical teams from both countries are visiting the
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capitals in order to make sure that the embassies are ready to receive the new diplomats. he also said that relations with bahrain o, whitney segan, you turn with a full thought of all men leaving immigration 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 and the ash my jazeera that on palestinians are protested in hebron and garza against talks between israeli and palestinian officials in egypt. hamas governs the gaza strip in its condemning the palestinian authority for joining the meeting. the talks are aimed trying to contain increasing violence and he occupied west bank. both parties have agreed to try to deescalate tension and continued direct dialog. well, as those talks are taking place in israeli man has been wounded in an attack in the occupied westbank, a palestinian gun, them open fire on an israeli couple in the car in the town of florida. still
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ahead on al jazeera mac climate change, red alert and un report during the next few hours is expected to warn the world the time is running out to current emissions. ah ah, hello. there are lots of spring weather to be enjoyed across europe. as we start the week, particularly across western and eastern areas where temperatures are sitting high, we still got some wet patches that are bringing a threat of flooding to places like a turkey, that area of low pressure. so breathed heavy rain and wintery in windy conditions as it moves its way east, though it is going to be improving for places like anchor the temperature picking up there. and we have got some warnings out, the thunderstorms across central parts of italy. they will skirt they way further east, across adriatic,
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moving into albania. by the time we get to choose neighbor behind that, for places like spain and portugal bright skies with plenty of fun shine. now that's not the case for the north west britain and the island of island temperatures might be on the up here. we've got those rounds of rain rolling and bluster, we showers expected to move across to the low countries. some of those will be felt in denmark, and we've got more of a wintry bloss coming in for norway, but it's an improving picture, at least in times of rain and wintery weather for finland, the baltic states. we did have some heavy rain move through latvia, and while that has cleared, we've seen a drop in the temperature rica coming in at only 4 degrees celsius on tuesday. ah, ah, i
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saw i ah. oh the ah. your to go to 0, remind over top stories. this are some spanking john u. b. s. is buying a troubled credit suisse and $3000000000.00 deal. the combined groups can manage more than $5000000.00, both of assets, chinese president, changing things on his way to moscow for to day visit. russian president vladimir
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putin is welcomed, what he called beijing's constructive role and trying to end the war in ukraine. officials in toronto say you're running a president abraham of icing as welcome to an invitation to visit 3 out by saudi arabia's. can salma sanctions have long been hired during the original bible? so ron broke off ties in 2016, one of south africa's opposition parties that economic freedom fighters is calling for a national shutdown and mass protests. it says it wants the president to be removed on bowling power outages to end the parties, warning businesses to close or risk be looted securities be tied into government buildings in the army has been deployed mo, from on this, we're going to bring in hot in the tulsa from pretoria, what are the organizers of the march hoping to achieve high? oh, we cannot just a country financing that is 1000000 and see needs to be done by the
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acquisition in the one supporter and order nissan. effort tends to come in, protest with him holding for me that it was a to resign on you one also to point to the back. it's fine to meet the high cost of living in the electricity price in some areas in this country. an hour without paula, he believes in on me and had the deployed lack of constantly meeting and damage to that which isn't watching these events very cuz they don't wonder how many of them don't know what happened back in 20. i broke out. oh man. economy. hundreds of people were killed. i mean, one thing to bear in mind decided name, long weekend deal here in south africa. jones day is a public holiday. so many people have taken monday off on vacation, visiting family and friends. that could have taken the numbers at the protest. i obviously was mentioned rolling pro power outage is just one of the concerns that
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the people have there. the government been responding to these issues. oh, president. sorry. melissa has come on to understand that i'm not mistaken. and his government is trying to do, or they can't resolve. would it be a point of the country supposed to make tricity minima? good is the saying, it's yet another ministry using public funds to do the job or what i'm admitted to . they've been doing it with what did he feel that these are suspicious in terms of a timing, he said that details in my position who are trying to position themselves and hid on it. i tried to weaken the ruling k. 3 unless a thank it's more complicated than that. they say these talk to it's highlighted the you do divisions in south africa between the people themselves, between different bundle parties as well as the divisions within the amc party. the
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obviously with feel that since agency to go the power in 1994, they feel some of those politicians in that market. i'm not, i'm not working for the best interest of the country is about their own interest. that's why some of this is supported and some or these napkins. i misread, same thing the going to match in protest from pretoria that's harder but also how to thank you very much of the in kenya police in the capital. i robi, or far tier guy said demonstrators protesting against devising cost of living and fuel shortages. there's a lot of pictures from nairobi. some of the crowd of some rocks is more than 20 people have been arrested, including 2 opposition and he's opposition, leader, railer, and anger narrowly last years. last year's presidential election to william router, he's calling for kings to come out onto the streets and i just did despite a ban on demonstrations. ah,
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sedans, military leaders and bro democracy groups say they've agreed to begin establishing a new civilian lead transitional government. both side said those going to sign a deal on april the 1st and introduce a new constitution. sedan has struggled to maintain political stability since protestant 2019 forced out of the government of then president or marcia. the military is ruled since staging the who in 2021. despite promises of a return to civilian rule, progress has been slow. the united nations is expected here issue a warning and the need to tackle the climate crisis on monday, the u. n. reports described as a textbook for addressing climate change. our environmental 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.
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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 mornings. listen to the former nasa climate scientist 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 prizes. he's 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
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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. it's been 20 years since your us forces invaded iraq and captors held. and the infamous of a guy in prison are still waiting for justice. they say the world has forgotten their torture and their abuse, or some a bunch of it has more. and let me give you a warning. this report contains images and testimonies that some of you might find disturbing thought. so,
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it takes ali all his courage to recount what happened to him. distressing memories of violence, abuse, and humiliation. in 2003, he was imprisoned for a year by us forces in the notorious february prison, ali says he was among those who were tortured by their captors loft, and photographed them. the thought of allah under holly, some one emily calhoun. i was standing on the box, it's so strong, not breakable. they tied wires and started electric shocks. i remember biting my tongue. my eyes felt that they were about to pop out and i started bleeding from under the mask than i fell down of the company. although in sunny the brutality captured in these images shocked the world, either shore inmates naked and being degraded with some undergoing acts of sexual abuse. american guards are also seen pausing with decaying corpses high. the soil local pictures show less than one percent of the truth and what happened in the presence. abu ghraib was one out of 75 sites,
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used as detention centers of what kind of human being can do such things to force people naked. sexually humiliated, inserting broken wood sticks into their sensitive parts and to lay bleed electric shocks to their genitals, they were sadists. i was humiliated. i was bitten by a dog right here. i was naked in the cell. you know, there was no bed. they meant to harm us by bringing the dog into the cell. here is where the dog bit me and he continues to suffer from the effects of his physical and mental torture and has undergone surgery many times. he's dedicated his life to seek justice from those responsible for the abuse that a rape. that's a very clear cut case of torture in prison, under military occupation by the u. s. but on the event, you can also show the chain of command and setting up the present system, the mistreatment of prisoners in iraq by the us military. and cisco's all up to
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donald rumsfeld while even 20 years after the invasion of iraq. it's the constant topic of political reasons, not to do that. to go against an ally against the u. s. l. e. one of thousands of prisoners, harrowing tales of what's become the legacy of the us invasion of iraq. after an international law try 11 us soldiers were convicted of being involved and abuses at abu ghraib. and most of the service members who were accused were reprimanded without being charged rights. workers have rejected the u. s. government claims that the abuse was isolated, incidents or the work of a few bad apples. human rights watch amnesty international. the i, c r. c. have all documented cases of long sleep and sensory deprivation, beatings, torture and being held naked harlem. and this happened when the hanged me on the wall lifted the handcuffs here because of the weight of my body. the handcuff was cutting my hand and the wound was almost rotten, cross another wave,
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torture was noise. they bring big speakers with unbearable, loud music. i think even after a 1000 years, our great grandsons will receive our rights. even those who were tortured by the nazis by stolen by hitler. now they are getting their right and as he waits for his rights and he wants to ensure the world does not forget his story. his worst nightmare is that people will fail to remember. and such abuse will be carried out again on others. in the war, sama enjoyed under 0. berlin. ah, this is al jazeera, these are the top stories. swiss banking giant u. b. s. is buying a 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 pain, is on his way to my.

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