ah, a, the latest news as it breaks evidence in a place like this, where people say just a few bodies have been covered compared to the number of people missing with detail covering farmers. yeah. i think government policies are making it difficult for them to export on climate change have also impacted a supply from around the world. their rescue plants showed their confidence in 1st republic bank so all sides of which are critical to the functioning of the financial system. ah, the u. s. federal reserve raises interest rates in a bit to fight inflation and avoid further economic turmoil.

ah, but i won't carry johnston. this is al jazeera live from, so also coming up protests, his vent that anger, yet again, over years of financial mismanagement in lebanon. these 8 people killed in keith after barrels of drones strikes his residential areas. and calls from nationwide protests says people across france to bond the government backs down of its plan to raise the retirement age. ah, us fragile reserve is raising interest rates the 9th time in a year. the benchmark rate is going up by a quarter of a percentage point to 5 percent, while widely expected, some economists had hoped for no rate hike. of the 2 us banks failed earlier this

month. i'll jazz here is hydro, castro reports the u. s. central banks decision to raise the federal interest rate by a quarter percentage point was the result of being stuck between conflicting forces . don't raise the rate enough, and consumer prices may continue to sort, raise it too high and war banks may fail. history has shown that isolated banking problems, if left unaddressed, can undermine confidence in healthy banks and threatening the ability of the banking system as a whole. the banking turmoil hits suddenly 2 weeks ago when 2 midsize banks failed, people lined up to demand their money. money that was no longer there after silicon valley bank sold its government bonds at a loss due to high interest rates. as phoebe's practices had caught the attention of banking regulators in 2022, but the fed fail to prevent the crisis german jerome, pow so the blame lies with the bank. now under investigation in a basic level,

silicon valley bank management failed badly. they grew the bank very quickly, they expose the bank to significant liquidity, risk and interest rate, risk, and emergency intervention by regulators, and the us treasury department has stabilize the banking sector for now. treasury secretary janet yellen told a senate committee on wednesday that regulatory reforms may be required. this was a very unusual set of circumstances. the silicon valley bank faced. it appears that they had seen significant interest rate risk that they were subject to and exceptionally high over 90 percent of their deposits were uninsured. the big day, a financial news made for volatile trading on wall street with the dow and s and p closing down more than one and a half percent. investors fear even the modest interest rate hike will increase pressure on banks. i think this is going to only add fuel to the fire just how much

higher will the federal interest rate go? well, the federal reserve is signaling that it's approaching the end of its aggressive campaign to raise interest rates in order to lower inflation. perhaps one more interest rate hike is expected before the end of this year, and then if the patient indeed continues to descend downward as expected, then come 2024 interest rate cuts could be expected. heidi jo, castro al jazeera washington and the u. k. of food prices are the highest level in 45 years. that's largely driven by a shortage of vegetables. overall, inflation rate increased unexpectedly in february after 3 months, because of high food and energy bills. it hit 10.4 percent and all this could prompt the bank of england to raise interest rates on thursday. the mother has more from london will after several months of falling inflation. this is something of

a surprise and it poses a headache for the bank of england, which has already raised interest rates 10 times since december battling double digit inflation. so the headlong figure in them yet a february 10 point 4 percent rising prices. 3 things driving that really, 1st in the hospitality sector, rising prices for alcohol and then food and non alcoholic drinks. for example, there been shortages of some vegetables from southern europe, partly due to supply chain issues linked to breaks it. partly bad weather and rises in general for food are over 80 percent. so that's going to hit the low income households, the hardest. and then you've got rises in clothing and footwear, particularly for children and women. now, the chancellor of the exchequer that britain's finance minister, jeremy hunt, has reacted saying that this is a reminder, no one should take

a falling inflation for granted. but saying that he'll stick to his aim to cut inflation by half by the end of the year, the office for budget responsibility predicted it would get below 3 percent by the end of the year. but just on tuesday, he was calling this double digit inflation dangerously. high, it's dangerous, politically for him as well. the opposition labor party have said that this shows that nothing is working better in britain compared to for 13 years ago when the conservatives took power. union bosses similarly as saying that the cost of living crisis is not being dealt with sufficiently by the government criticizing last week's budget for favoring more well off households. and so this is just a reminder that with britain experiencing the highest inflation amongst the g 7 group of developed nations. this is not just in economic challenge, but a political challenge, the devastating financial crisis in lebanon. so protests his return into the

streets on wednesday. police fire tear gas to break up demonstrations in the capital bay route. many were retired soldiers demanded a living wage. inflation has been skyrocketing since the 2019 making essential daily purchases increasingly on affordable and problems with the banking sector have meant summer struggle to access their own money. they know how they're has more from beirut. lebanon has become a cash economy. it's the result of the 4 year old financial crisis brought about by decades of mismanagement and corruption. the banking sector is crippled and the country is close to bankruptcy. it's the biggest threat that the government on the country is facing because it has a very, very, very dangerous that the empire economy as a cash economy, all the money is going to the private sector. the solution is only in one place that is to normalize and finalize the restructuring of the banking system. law.

restructuring is one of the reforms required for much needed international support to revive the economy. but that means the political and business elite will have to compromise their hold on power, something they have resisted so far. in the meantime, money transfer companies have stepped in as have other financial institutions, many of which are not regulated. 50 to 60 percent of the daughter d d p. actually consider to be in the shadow economy. so outside the states, this includes 2 types of activities. you have informant activities, which means enterprises who do not declare the employee is that they have to not declare their exact revenues, but also you have the in this part of these activities. this is causing concern, particularly among western nations. that tracking elicit cash transactions will

become more difficult, compromising the fight against money laundering, and the financing of armed groups. an estimated $8000000000.00 is exchanging hands outside the radar of the state. that includes the illegal activities smuggling across the border to syria. the informal economy is also growing the international labor organization estimates that 60 percent of the workforce is not the tax and doesn't benefit from social protection. the government is unable to provide services and struggles to pay public servants, although the salaries are negligible, given inflation on money in the cash economy means big losses. the government loses around 20 to 25 percent of expected revenues because of corruption, bribery, and tax evasion. all the while many war in lebanon is operating outside the international financial system. then they're also either bailed. at least 8 people

were killed, an overnight russian at drone strikes. now the ukrainian capital attack hit a college and a student dormitory, south of cave. one of the victims was an ambulance driver called to the scene. more than a dozen people were injured, some with burns, which really terrible hor pish. like we were all together when the blast we've hit and the ceiling started to crumble. those a lot of smoke and our clothes caught fire. i am so happy. my children was smart enough to tear the clothes off quickly. we were a bit slower and we suffered some bones. but it really doesn't matter because we're alive. stephanie deca has more now from keith ear, ukrainian military saying that 16 out of 21 drones were shot out of the sky over night air. i'd sirens eh, did sound the ukrainian president calling at the quoting, the murderous drones and referring to the russian president vladimir putin saying,

while, as he talks of peace, ah, the orders are given for these kinds of attacks. it's the 1st time certainly that there has been a hit on a residential building in the surrounding areas of the capitol. i since december. the attack in the cave region was followed by another russian missile strike on 2 residential buildings. is parisha. at least one person was killed, ukrainian at present venomous zalinski condemned the attack. at least 25 people were taken. the hospital after 29 story buildings were hit and in a rush, unoccupied crimea, russian officials say the navy repelled a drone attack on a port office of our stapo eunice shop of oliver has more from moscow. the morning attempts to hit russian targets in crimea, and 7 topple with 3. drones or devices were destroyed by 2 women offices, both well received state awards. so this is the laces from survey showing the

russian defense minister basically the rest of information we have on the semester latan comes courtesy of i've got the note 7 total and the high resident jive and he's telegram channel. so they chose try to get into the bay that's according to resume jive, russian. the russian sailors fire fired a small arms at them and there were no casualties. but some windows and into residential buildings were blown out. g, 2 explosions caused by destroyed drains. and after successfully repulsing the drone of time to stop all the ukrainian knots is according to reservation. if again, his telegram channel, they launched an informational talk, but crimea is safe according to the governor. and if anything, basically anything dangerous of going to happen, that people will be informed by the authorities. and this is not the 1st recent talk by ukrainian trends and crimea, as we know not so long ago,

a massive tried by several ukrainian u. a. b was carried out in john coy on the crime in peninsula late monday evening. on march, the 20th the year ends, the middle east. peace and boy has told the security council meeting he remains deeply troubled by continued is very supplement expansion. on tuesday, israel's parliament overturned part of a law that band illegal settlements and occupied westbank. it had been in place since 2005 for when his land also criticized israel security forces for spike in palestinian death in the occupied west bank. these re security forces operated the, the occupied west back and subsequent clashes that lead to a staggering number of palestinians killed that the injured i re read the security force is what use lethal force of the work. strictly unavoidable to protect life

must from the authority, investigate all in depth and injuries resulting from this views. holding those responsible accountable. i have to pick lily or pull the children continue to be cute. and in these large numbers, children must never be targeted of violence used or could in archway. former british prime minister barak johnson has testified before parliament committee. johnson is accused of deliberately misleading and peace over parties held at his official residence during coby 19 towns. he's been investigated by the privileges committee. it's examines that matters referred to it by parliament that involve possible contempt of parliament, or breaches of parliamentary privilege. it's made up of 4 m. p. 's from johnson's party and 3 opposition members. johnson admits misleading parliament, but denies doing so deliberately or recklessly. if the committee finds against him,

he could face serious consequences which may include his expulsion from parliament, and peace would have to ratify the recommended punishment. shown the whole port. some have called it boris johnson's last stand. this colossal figure of british politics, demeaned under close questioning by a cross party committee of m p. 's. whatever you, this is variable and point i was whatever, whatever your interpretation of the guidance may be. what matters if i may respectfully say is what i believed to bean, our efforts to follow the guidance why i thought that they were credible and, and wholehearted. and what i would ask you to allow of his next class course at issue here is whether johnson lied to parliament about lockdown parties in number 10, downing street. no, but i'm sure that whatever happened either guidance was followed the rules on it at

any time. the, the former prime minister is adamant he did not. i am here to save you handled haunt that i did not lie to the house. johnson concedes his statements were misleading, but uttered he said, in good faith that had been told by aids, the events in question were work related and within the guidance. my honest belief that it was within the rules was based on what i was told by senior advisors. the fact that this was my honest belief is supported by the fact that so many other people honestly believed that we were doing nothing wrong. the committee at one point described johnson's defense as flimsy said that to the man who was prime minister at the time who made the rules and who broadcast them frequently to the nation. it should have been obvious that what was going on was wrong. johnson's

retort was that therefore, it should have been just as obvious to others who were there, including current prime minister rash, sumac. soon act was fined by the police for breaking the rules as well as johnson. in this bid to clear his name, boris johnson, apparently happy to tarnish the name of others, i think is quite clear to everyone that he misled everyone in everything. but do you blame him? could anyone have done any better? i think he'll come back to florence johnson small, more life in him still popular in some quarters. but johnson's hopes of a come back looking, slimmer and slimmer. it will be for the privileges committee to decide whether he knowingly lied to parliament. a decision that in turn could see the form a pm ejected as an m p. jonah hall al jazeera london set a head heron al jazeera as a un that warns of a global war to cry. say sweet, look at the extraordinary leds, some venezuelans to,

for safe supplies. ah, frank assessments, justice means to give them the basic human rights. not only in the camp, but also inside the myanmar informed opinions 5 administration are very concerned about this development especially, or what it means for china's power on the world stage. critical debate ends up only both the legal report, what they see the progress in depth analysis of the days headlines inside story on al jazeera, ah t. a

pushing with one or 2 global perspectives. mm hulu. ah, you watching? i'll just hear armando about top stores. this house u. s. federal reserve has increased interest rates for the 9th time in the year as

it tries to rain in inflation. the fed that raised the key rates by quarter of a point to 5 percent. the higher since 2007 they've been more protests against lebanon's financial crisis. police fire tear gas to break up demonstrations in the capital. they root. anyone tight soldiers demanding a living wage. at least 8 people were killed in overnight. russian drones strike said the ukrainian capital attack. his college and the student dorm south of keith . one of the victims was an ambulance driver called the c. a french unions are calling for a nationwide protest on thursday against the government's plans to raise the retirement age. ah, hundreds of demonstrators marched through paris late on wednesday. it came out as after present among omicron, went on television to defend the policy. he wants it implemented by the end of the

year, dash buffalo, recourse, defiant in his 1st t v interview in months. the french president said he had no regrets about his controversial pension reform bill were forcing it through the french parliament by decree, said clay formerly in the face. freeform is necessary. marseilles, the french people, if i don't enjoy doing these days out of a sense of duty, that i committed to this solidity and honor for me. my crawford no concessions to opponents of the reform. the city would re shuffle his cabinet or change his prime minister, leaving some opposition and peas, unimpressive. on the if you're somebody, one of my symbolically define frances work in class, that if mr. mc wrong has highlighted his contempt for a part of the population, food contempt, that was the hallmark of his pensions. bill. oh, frances trade union said the reform is unfair because it raises the retirement age by 2 years to $64.00 and will have a greater impact on poor workers. since january, they glad strikes and protests in the country against the reform in paris,

destroyed by garbage collectors, is in his 2nd week prison. macro will certainly hope that the arguments that he made in his television interview will calm the situation and quell the protests. for now though, that seems unlikely. oh, some students and teachers demonstrated outside the higher education ministry in the city. these teachers say that governments, ignoring people's concerns, the government is acting as a firm. nothing is happening on the streets. and that as if for having music, people protesting peacefully doesn't mean anything and doesn't change anything. it's not her just a, an education issue. it's all public services which are being really destroy a, on these neo liberal policies to day. so this made house stacked up and now people are claiming the streets because there is no other way to be heard to day. pretty new leaders hope the continued protests will put pressure on the government to

scrap its reform. for now, there's no indication that the president who back down like or says the reform will help sustain the pension system for future generations. and he wants it to be signed into law soon. on natasha butler went out to sarah, new paris, ethiopians, parliament has removed the t gray people's liberation front or t p. a left from a list of terrorist organizations. it's a major step in establishing an interim government in the northern to gray region. the t p. other was branded a terrorist group in 2021. a p. steel signed last year ended fighting between to grind forces of government troops in the countries north. renewed fighting in yeoman's energy, which married provinces testing at 10 months relative calm in the country. iran about who the rebels reportedly launched an attack late on tuesday. my ribs, her district leading to an unknown number of casualties. according to reuters use

agency, the flare up comes as saudi arabia and iran, who back opposing sides in the so called proxy will agree to restore diplomatic ties. our south korea says north korea has test lodge multiple cruise missiles towards the peninsulas eastern waters on wednesday. so says the missiles could have been long range and it's not yet clear how many were launched. young young a has a round top military tests in recent weeks. as the u. s. and south korea carry out joint drills. robert bry travel to the city of hotel on near the border where the exercises have taken case. these annual spring drills haven't been held on this scale since 2017. for the past 6 years, they have been drastically scaled back partly because of the pandemic, but mainly to allow the process of dialogue to work with north korea. this extended period is some at diplomacy that now seems all but a memory,

as well as this live fire exercise, which allows south korean and us forces to put it on their radar. hillary, through its paces, there are aircraft drills involving some of the latest jet fighters and also nuclear capable bombers from the u. s. air force out at sea. they're on navy drills taking place involving a u. s. aircraft carrier group, and also marines in joint time. 50th landing drills. these exercises always infuriate north korea, which claims their approach you to war. but according to the south koreans and the u. s. allies just the opposite is true that by having this level of preparedness, it acts as a deterrents to any attacks ensuring they say, the continued peace and stability on the peninsula. everything we're doing right now is defensive in nature. we're not being offensive, we're being defensive in nature and it's what we expect to do in conflict and need

to be good at it, which i think everybody in south korea in the world wants us to be good at it. we have to train at it. north korea has been expressing its anger with a series of ballistic missile launches, including last weekend with drills that were overseen by north korean leader kim jong on. and what state run media tell us was a rehearsal for a tactical nuclear counter offensive against its enemies. robert bride al jazeera poach on south korea. the un has been marking world war today by raising awareness about access to clean water and sanitation. it's estimates that 2000000000 people don't have access to safe drinking water in low income areas around that venezuela's, capital caracas, from rest and say they haven't had tap water for decades. same bas robbie has more life in one of the world's largest oil producing nations, venezuelan say shouldn't be this difficult and access to

a basic human right should be easy. they to just 2 or 2 and a half dollars for water. it's too much. we can't do it anymore because nobody can put up with that. sometimes the guys hebron of water from the well and sell it cheaper. more than 20 years. we haven't know what it's like to have tap water. running water has long been a luxury in the sprawling low income neighborhoods around caracas. estate owned company is in charge of supplying water practically free of charge, but it is unable to keep up with rising demand on some residents of pottery, venezuela's largest for villa benefit from a nearby well where they can collect ground water, others siphoned tap water from broken pipes, or any mo got lucky, we come here to get drinking water every 2 weeks. the use of the house i have to fetch and carry every day because we only have running water sometimes once a week and for 2 hours or an hour and a half if that. otherwise,

we don't have water shrinking wages and rising prices make access to water more difficult. even informal traders are increasing prices for jugs and tanker water. but these sources are still preferable because they are more reliable than the state for access to the most essential resource for life is in basra, b o, j 0. the 1st time london, piccadilly circus has been let's up with ramadan, nice to welcome him. was the month of foster and reflection. london is the 1st may just sit in europe. the hostess was actually like to speak to the patient. at cit says for me, for now that is, continues her al jazeera, after inside story. ah

hello, we got some pretty wet weather on the cars for japan over the next couple of days. just lied of cloud. and brian that is spilling out to central china. got an active weather system. this one just rolling over towards his china sea and beyond. and that will push up some pretty wet weather across q shoe into honshu, all part seeing somewhere by the, by the end of thursday wall behind so live around $21.00 degrees celsius. not cheap, adding, basing at around 14 degrees celsius high for the air quality starting to improve here further south. there we go with more heavy showers, longer spells of brain inventing that perhaps up further as we go through friday, we could see some localized study to southern parts of china. meanwhile japan turning dry and bright with more in the way of sunshine penny a sunshine, warm sunshine to across indo china, northern parts of the philippines, to swell scattering a shout into central and southern parts of the philippines. though she gray through wet 1st, i could catch a shout to i, which was a southern end of the malay peninsula. but the majority of the showers are south of

the equator. you might still see a few showers into shoreline carry over the next day or so. not quite as wet up towards the northeast of india. but a westerly disturbance was to bring some heavy right into pakistan and north west india. ah. tension in the occupied west bank is on the increase leading to a new wave of palestinian retaliatory action. you are one of the most. one thing is that a al jazeera world investigates to new groups, gaming, public support, and meeting israeli forces head on a new phase of palestinian resistance on al jazeera, china as president says, his country in russia a driving geopolitical changes globally, june being has been in moscow and it shows.