tv News Al Jazeera March 20, 2023 12:00pm-12:30pm AST
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reviews the forgotten truth of the country's modern history. the forbidden real pot for the era of darkness on m. j 0. the reversal of abortion rights in the united states. as emboldened the fierce campaign against progressive liberal values in europe, threatening individual freedoms, considered by many to be the backbone of malden democratic system. this people empower, investigates, a global coalition of evangelical christians far right. politicians and russian. ali galks in defense of so called christian orthodoxies. europe's new moral crusade on a jessina blue european shares tumble off to swiss banking jive. u. v. s. rescue since trouble driving credit suisse in a government backed deal. ah,
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i'm not matheson, this is all 0 alive from bill hop. also coming up, russian president vladimir putin welcomes what he calls china's constructive role in trying to and the ukraine war head of a state visit by huge and bank. a climate change red alerts, un reports during the next few hours is expected to warn the world the time is running out to curb emissions. and 20 years after the us invasion of iraq, we hear from a man who was tortured in the infamous r grey prison, and who still waiting for justice ah by his doctor, tumbled on monday as initial relief about the rescue of credit suisse has given way to new worries about big banks, debt you via shares are down 12 percent as it agree to buy a troubled rival credit suisse, which is seen it's shares nosedive. 62 percent
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u. b. s is paying $3200000000.00 to buy the bank and the state broker deal. the government says the deals the best solution to restore confidence in the sector. 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. we're going to cross to the volcano his life for us in london. we're in the 1st few hours out in this deal was announced. and what's the reaction been so far? world you could always hear the collective sigh of relief here in the, in the city of london. there is a real feeling that
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a major financial catastrophe has potentially been averted. we've heard from the bank of england saying that they have had that confidence restore that things are strong and working for a well, they're similar kind of worse m u. s. treasury on the european central banker as well, who would have thought it, you know, to massive banking beer moths now becoming won a company that will whatever it ends up being called will be worth something like 1.6 trillion dollars are going forward. we reported there of course, about the, the fallen and share prices. there isn't, i believe that much concern about that despite the fact that credit suisse is seen though, share price is full. something like 62 percent, it's biggest full ever. the belief is that simply the markets driving the prices down to what ye be asked, believes that they worth the question is whether they continue to fall or remain low. a while they say take over stars to, to bad in a similar kind of thing for you. b s as well. they were down, as you said, about 12 percent. the hope is that that will stabilize the retailer. however,
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a big question about what happens the people, the work at credit suisse, the g, b, s 5000 workers at credit suisse. 6200 u b. s. behind me. we know that u. b. s. wants to streamline its activities going forward. it wants to make, what was, what was left over of credits, where a little bit less risk. i'm a more risk averse rather. and whether that means cutting back jobs. well, this is still a very much a big question mark over that. but across the board, the feeling is this is averted, a major instability in the financial hearts like london and other centers across the europe as well. now, thank you very much indeed. that's me barbara talking to us from london. well, credit suisse isn't just one of switzerland's largest banks is also classified as a globally systemically important bank by the financial stability board. a managers around $1.00 trillion dollars around the world. its profits dropped significantly in 2022,
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falling nearly $8000000000.00 after losing $2000000000.00 in 2021. it shares have been in shop decline since 2021. they've now lost more than 95 percent of their value in the past 5 years. investors took their money elsewhere last week when the banks mean shareholder refused to offer financial help. after that, even of $54000000000.00 lifeline from switzerland central bank couldn't stem that pessimism and that has left the buyout solution. once u b. s acquires credit suisse. it's going to have access to more than 5 trillion dollars in assets or can, alexander is chair for international commerce and financial law at the university of zurich. he's joining us now live from there. so thank you very much indeed for being them with us. i want to ask you, 1st of all about the, the, the shimmer movements that, that we've seen as he was suggesting there. and there is possibility. this is just a market and readjustment, but how much of it is down to a readjustment and how much of it is down to genuine concern about the possible ramifications of this?
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why think more of it has to do with the concern for the ramifications of this of forced the bail out that has taken place over the weekend. it was crisis management done over a short period of time. it's created much investor uncertainty shareholder rights and u. b. s had been suspended, they weren't given the right to approve the deal or not. also the treatment of bondholders has been disregard it, the fin, moe, the regulator in switzerland has imposed 16000000000 francs and losses on bondholders. so this is created uncertainty and volatility and the bought in the bank bond market this morning. so i'm afraid that this is not just a blip. this at the smart market in certainty, it's going to probably get worse. so a lot of financial institutions around the world are anxious to, to kind of top down any pessimism to say that the problem has been solved. but looking at this to what's your interpretation of who loses are the most from this most switzerland as a country has suffered
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a damaging below to its reputation for prudence. stability and fiscal management also, ah, this is this failure. you might say of credit suisse having to be taken over by u. b. s. is another example. we're not only weak corporate governance at credit suisse calls the problem, but also there was weak regulation by the swiss regulatory authorities, which made the situation worse. and now it has created a crisis from that we all now hope can be contained in the future. the, the bank does have a history of problems does. i'm just waiting hear back in 2014, it pleaded guilty to allowing us clients to evade taxes back in 20. 20 is chief executive resigned because because of our corporate espionage scandals. this, there's been a storm of negative publicity generally just because you a, b, b s has bought credits, which doesn't not necessarily mean that the problems at credit suisse of being solved doesn't. no,
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it doesn't. a or risk management and weak governance practices have been, are endemic at credit suisse over the last or 89 years. and even as late as december, 2022, the chairman of credit services board told the market that the, and that the, that the full outflows that had credit suisse had been experiencing the outflows of money from the bank had been reverse in that they were getting inflows, when in fact it was completely false. what he said, there was a false statement. and so i think investors have a right to be concerned. and that's why there's continued market volatility going on. really interesting to get your thoughts on this current. alexander, we appreciate you being with us and all the 0. thank you very much indeed. thank you. chinese president, she's in things on his way to russia for to day visit russian leader vladimir putin is welcoming what he's calling china's constructive role in china and the war and ukraine. she says the relationship with russia is an all encompassing partnership
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between the u boats, from asia. he didn't being has visited russia each time since becoming chinese president. his most recent trip within june 2019 during an economic for m. 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 against troy. seattle with china and russia working together the world where half of the driving force to work multiple rarity and a greater democracy in international relations stand and a global strategic balance. and as 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 dialogue between both sides. this days, after several voice,
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both parties are exhausted. and yet the white shoe has the hoary shoes. are you trying to kill us and do all it is you 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 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, 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 putin are also good
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friends and have met 40 times, including on prudence birthday. the united states has 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, debating, 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 the 2 liters publish articles and save media head of monday's visit president, she wrote in a russian newspaper that relations between the 2 countries are based on non alignment and non confrontation against 3rd parties is also stress that china is pursuing reconciliation and peace in ukraine. meanwhile, putin's article in china's people's daily accused the us of following a strategy of doubled the terrace of russia and china booth and says it's becoming
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more acute and assertive. well, let's bring in journalists, eula, shuffle volleyball from moscow. yeah, julia, this is being billed as a show of support a, by china for russia. what can we expect from the visit? right, of course, chinese president. she jin pain is arriving in russia today. and actually we are getting reports right now that his plane just touch down and moscow new cover airport. so basically this is the 1st time you visited the country. and this this in said 202019, as it was mentioned when he was participating in the st. peter's book international it can make for, and this is of course, going to be his 1st trip to moscow since then, beginning of russia's special minutes shall peroration in ukraine. interesting, but just hours before she just pains the rival, as you said, both has a state published articles and national newspapers of china and russia,
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with current state of affairs, between the 2 countries and presentation published an article in the chinese newspaper jennings by where he wrote about his high expectations for b upcoming negotiations. basically all the issues i mentioned that going to be discussed during be me things he'll so said that he basically kept cool and he's trying his counterpart, his close friend, according to pretend russian chinese relations that have reached the highest level in the history and the ties continue to strengthen and indeed trade between russia and china has grown significantly since the beginning of the military operation in ukraine and also the introduction of sanctions by western countries. china has become the largest by russian oil gas and cool. and he also mentioned the increased row over national currencies in neutral trade. also the russian chinese main gas pipeline power, siberia, new nuclear power units built in china with the participation of russian
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specialists and corporation in the, in the, in the to, in the shanghai corporation organization. and the brakes country, so all that have also been discussed and he also welcomed china's readiness to play a very important role in resolving the christ in ukraine. so all the subjects are likely to be discussed during the meetings and the vitally important ukraine asia will be discussed to of course, it was also confound on friday by usually called death in the assistant to the president of russia. meanwhile, the chinese leader also mentioned the ukrainian crisis in his article, published by newspaper se sca gazette a here in russia. he wrote that china took an impartial position on the conflicts and it was doing everything to resolve the issue and also okay. yeah, just mm hm. your point of the part of the process has been china's 12 point plan, which he brought out in an effort to try to resolve the ukrainian crisis. is remy
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indication of how much russia would be prepared to buy in to that if it funds some sort of solution to the ukranian war? yes, of course. and on the 1st anniversary of russian invasion of ukraine, china presented a plan for a peaceful settlement of the conflict. and its indeed consisted of 12 points, including secession of hostilities resumption over direct dialogue and a respect for sovereignty of all countries, et cetera. and that plan was actually met with an negative reaction in ukraine and western countries were also skeptical about says it was considered to be to pro russian, meaning that russia was pretty content with it. and you are secretary of state antony blinking even says that china was considering the possibility of supplying russia with weapons. and china obviously denied those allegations you live. thank you very much indeed. does union shop of oliver from moscow?
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thank you. the. those admissions is expected to ritual warning on the need to tackle the climate crisis on monday, be run reports described as a textbook for addressing climate change. our environment editor, mcclark, explains you know, it seems almost every day we're reporting on the growing tragedy and unpredictability of climate change. this is melissa sirway. 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 morning. listen to the foreman, 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
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it is changing our climate. now, of course, we now know that hanson's words didn't change anything for the batter. 3 decades late said the warnings was still coming. the climate crisis, he's 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, stella and i'll 0 south africa,
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braces from boss protests against ruling power cuts. corruption on unemployment and securities. ramped up across nigeria, the country tellers. results of elections for state governors. ah hello. there was thought in southeast asia and from the satellite image, you can see the dense clouds gathered over western parts of borneo and indonesia, showing where there ain is going to pull heaviest over the next few days. for the north of this, it is a much quieter picture, of course, parts of indo china where the heat continues to build, particularly for vietnam, we have got some warnings out, and those hot and dry conditions are of course, sparking a fire risk to the east of this for the philippines, favorable weather conditions, still a shower to hear that. but lots in the way of sunshine. sunshine is the story. as
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we had to australia, we've had a lot of extreme heat across the south over the weekend and that southeast corner with much records broken in parts of new south wales. but we are seeing more in the way of wet weather with the risk of some severe thunderstorms going into tuesday. for part, the heat continues to build the temperature, however, lingering down by the low thirty's. now, as we look to sidney, we are going to see more in the way of where to whether by the mid week, the temperature continuing to climb. now that's not the case with christ. church, we've got some wet weather creeping up the south island of new zealand. and that's going to knock the temperature down to 15 degrees by wednesday. ah. with
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blue with ah, you're watching old, is it a reminder of our top story is this are so spanking john u. b. s. is buying out troubled credit suisse $3000000000.00 deal. the combined group is going to manage more than 5 trillion dollars worth of assets. chinese president, changing things in his way to moscow for to day visits. russian president vladimir
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putin as welcome what he called beijing's constructive role in trying to end the war in ukraine. it's been 20 years since us forces invaded iraq and captains held in the infamous abo gray prison are still waiting for justice. they say the world's forgotten their torture and abuse osama. bon jovi has more, let me give you a warning. this report contains images and testimonies is that some of you might find disturbing. so so 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 bori 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 america food. i was standing on the box. it so strong,
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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 kamani ortho, sani, the brutality captured in these images shocked the world. i does show inmates naked and being degraded with some undergoing acts of sexual abuse. american guards are also seen pausing with decaying corpses. are the soil left of make to show less than one percent of the truth and what happened in the prisons. abu ghraib was one out of 75 sites, used as detention centers. 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 there meant to harm us by bringing the dog into the cell. here is
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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 has dedicated his life to seeking justice from those responsible for the abuse of rape. that's a very clear cut case of torture in prison under military occupation by the u. s. but on the oven, you can also show the chain of command and setting up the present system, the miss treatment of prisoners in iraq, and by the us military. and this goes all up to 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 went to 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
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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 on the scene to national the i. c. r. c, have all documented cases of prolonged sleep and sensory deprivation, beatings, torture and being held naked harlem. and this happened when the hanged me on the wall to the left. the handcuffs were here because of the weight of my body. the handcuff was cutting my hand and the wound was almost rotten. another way of torture was noise. they bring big speakers with an bearable 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 the getting their right and as he waits for his rights and he wants to ensure the world does not forget his
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story. his worst nightmare is that people will feel to remember and such abuse will be carried out again on others. in another war, sama enjoy another hero. berlin palestinians have protested. inhibit allan garza against talks between israeli and palestinian officials in egypt. hamas as the on group which governs the gaza strip is condemning the palestinian authority for joining the meeting. the talks are aimed at trying to contain increasing violence and the occupied westbank. both parties have agreed to try to de escalate tension and continued direct dialogue. you as president joe biden, spoken to prime minister benjamin netanyahu to express his concern about planned overhauls to israel's judicial system. hundreds of thousands of israelis are holding ongoing demonstrations. the plan would limit the part of the supreme court critic say it threatens democracy. the french government is facing 2 motions of no confidence of a president in minute mac homes, controversial pension reform bill protest are taking place each night since the
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bill was announced. it would raise the country's retirement agency to, to, to $64.00 opposition to the bill has stiffened since the government in vote, a constitutional power that will allow it to pass without a vote in the national assembly. one of south africa's opposition parties, economic freedom fighters is calling for the national shut down and mass protests. it says it won't the president to be removed non ruling power outages to and the bodies warning businesses to close. all risk being looted secured, who's been targeting the government buildings on the on has been deployed hot. m a tosses out the protests in pretoria. oh resident sir, i'm a boy. i been in the states and his government is trying to do, or they can do his own with good as the saying, it's yet another ministry using public funds to do the job or what i'm admitted to
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. they've been doing it with the field that these are suspicious in terms of a timing you say that the field in my position party who are trying to position themselves and head on it. i tried to retain the ruling a. 3 some analysts a think it's more complicated than that. they saying these parties highlight the use use divisions in south africa between the people themselves, between different the liberal parties and as well as divisions within the amc policy. the obviously will feel that since it is the to go to power in 1994, they feel some of those politicians in that market no longer working for the best interest of the country is about their own interest. that's why some of the business supporters and some odd is not talking to see say, the going to much in protest in kenya. but he's in the capital nairobi have far tear gas demonstrators protesting against the rising cost of living and fuel shortages. these are pictures from are all these,
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some of the crowd have thrown rocks of police more than 20 people have been arrested intruding to opposition on peas. opposition liter gaila. bingo. not only lost lawsuits. presidential election to william, myrtle is calling for kids. come out on to the streets that's despite about and on demonstrations. securities tied across nigeria as vote counting continues after saturday's elections for more than $900.00. assembly legislators and 28 state governors from kennel. emma davis 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. few cases that will come up rosewood in the confidence building pattern, which are the agencies where part of and i let,
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has given the desired quoted and the people that threat will not be used to intimidate in a border. 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 brought isn't party supporters are waiting at result correlation centers nationwide. as a buckle ground state council has always been prone to cost and lex in violence. security for us to 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 security implications for africa's biggest democracy
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. where f raised and we remain saw an or ever dozens. chas is the person, those people you see in the volition sent out declare. so i'm absolutely confident about that transparent cell. 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 every once a way to 4 degrees, al jazeera kennel nigeria. ah, this is al jazeera, these are the top stories we're spanking giant you be asked as buying out troubled credit suisse in $3000000000.00 deal. the combined groups kind of managed more than .
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