[000:00:00;00] a, those me, it makes me me, me feel those i was with me. ah, but u. s. federal reserve raises interest rates from a bid to fight inflation and avoid further economic turmoil.

ah, hello, i'm darn jordan. this is out as they are alive and go are also coming up in lebanon . protests spent their anger yet again over years of financial mismanagement in the country. but he's 8 people are killed in cave, off to a barrage of russian friends strikes his residential errors on wednesday morning and calls for nationwide protests as people across france demand the government backs down a rich plans to raise the retirement age. ah, yes. federal reserve has raised interest rates again, despite recent term, all in the banking sector. the benchmark rate is going up to 5 percent. it's highest level since 2007 as a fed tries to cool inflation. but with banks feeling the impact of higher lending costs is chairman suggested

a recent string of right rises could soon be over. how does your caster report from washington the u. s. central bank 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 more banks may fail. history has shown that isolated banking problems if left unaddressed, can undermine confidence in healthy banks and threaten 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 at 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 yell and 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 inflation 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. cuz see a high can interest rates on thursday after inflation went up unexpectedly for the 1st time. in months, february's increase was driven by high food and energy bills. food prices are at the highest and 45 years. that's largely because of a shortage of vegetables. in barbara has more from number 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, our 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's britons 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, a competitor 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 an economic challenge, but a political challenge. the devastating financial crisis in lebanon. so protest is returned to the streets on wednesday. police fight tear gas to break up demonstrations in a capital bay route. many were retired soldiers demanding

a proper living wage. inflation has been soaring since 2019 making essential goods, increasingly unaffordable. and problems in the banking sector have left some people struggling to access their money. sonata 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 and the country is facing because it is a very, very, very dangerous 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 considered to be in the shadow economy. so outside the states, this includes 2 types of activities. you have information 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 elicit part of these activities. this is causing concern, particularly among western nations. that tracking elicit cash transactions will become more difficult compromise in 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 activity theater 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 taxed and doesn't benefit from social protection. the government is unable to provide services and its struggles to pay public servants, although the salaries are negligible given inflation. and with a cash economy means big losses. the government loses around 20 to 25 percent of expected revenues because of corruption, bribery, and tax evasion, ministry. when all the while many war in lebanon is operating outside the international financial system that include their elders, eda beirut, at least 8 people have been killed in russian drones strikes near the ukrainian capital. wednesday's attack hit a college student dorm,

south of keys. one of the victims was an ambulance driver called to the scene. more than a dozen people were injured. we feel a 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 are alive. stephanie deca as more now from keith, a ukrainian military saying that 16 out of 21 drones were shot out of the sky era. sirens did sound the ukrainian president, calling it quoting the murderous drones and referring to the russian president vladimir putin and saying, well, as he talks of peace, the orders are given for these kinds of attacks. it's the 1st time certainty that there has been a hit on a residential building in the surrounding areas of the capitol. since december.

will the attack in the key region was followed by another russian missile strike on 2 residential buildings in zap, morisha. at least one persona was killed. the cranium president vladimir valencia condemned the attack. at least 25 people were taken to hospital. all the 29 story buildings were hit and in russian occupied crimea. officials say the navy repelled a drone attack on the port of sebastopol, eula, shop of oliver as mona. from moscow. the morning attempt to hit russian targets in crimea and 7 topple with 3 drones. all devices were destroyed by 2 women offices, both well received state awards. so this is the laces from survey showing good. the russian defense minister, basically the rest of information we have on the semester latan comes curtsey over gather notes of us total and the high residence jive and his telegram channel. so the truth tried 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 taco, so let's talk all the ukrainian knots is according to renovation. if again, he's telegram channel, they launched an informational talk. but to crimea is save according to the governor. and if anything, basically anything dangerous is going to happen, that people will be informed by the authorities. and this is not the 1st recent talk by ukrainian trends in 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 russia says it's deployed long range to ship missiles and disputed territory in the north pacific. moscow says the defense system was sent to be

carrillo islands, which a party claimed by japan, came a day after japan's prime minister visited ukraine and offered his support form for the prime minister bar. as johnson has told a parliamentary committee, he never lied to m p. 's about parties at his official residence during covered 19 locked downs. johnson is accused of deliberately misleading parliament. john reports from london. 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. what have you, this is very been point 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 to ask his next class course at issue here is whether johnson lied to parliament about locked down parties in number 10, downing street speaker. no, but i'm sure that whatever happened either guidance was followed. the rules on it at any time, the former prime minister is adamant he did not. i am here to save you handled heart that i did not lie to the house. johnson concedes his statements were misleading, but uttered he said, in good faith that he 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 believe 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 rich 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 it's 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 and 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 of p ejected as an mp jona hole al jazeera london. not, not to come here and how does air, including pakistan's, former prime minister in one. com says it's just a matter of time before he is imprisoned or assassinated. last will have the latest on the launch of the world's 1st 3 d printed rocket monarchs, famous ah, hello, we have class guys across a good part of the middle east that setting the case into mecca right the way across into doha little more crowded to southernmost parts and some showers, some longer spouse afraid sliding across iran, tennis. the snow is it pushes across into afghanistan, some heavier bust, coming through here, little on the disturbed t. i just around that care. we'll see

a little bit of sherry rain just rolling into syria, lebanon, pushing a little feathery switch as we go through friday. you can see it between fine and try to bad at all temperatures here in doha, getting up to 28 celsius as 82 in fahrenheit at disturb. whether we have around that east side of the mediterranean will still bring some lifted dust, the sand into that east and half of libya pushing across into egypt. and some heavy rain coming in here on friday could cause some localized flooding slides right across the northern parts. of egypt to that state. showers, gathering nicely now across west africa. wanted to live the ones there into the gulf of guinea jordan up with a wet weather that we have cross central parts of africa. we've seen some pretty wet weather recently into tanza, near shower, still here over the next few days. good scattering of showers actually across southern africa. right the way into the southern cape for saturday. ah,

the join the debate. you know that the set version was empowered by the israeli government and stained by the daily government today, they are to government africans how security is also global, help security on it or online at your voice. there is no right to defense. there is no right to protest, we can't just keep relying on aid. there has to be some work towards a sustainable economy. at the end of the day, it is ordinary objects that are paying the price. this tree on al jazeera lou. ah, welcome back. a quick reminder about top stories here. this out, the u. s. federal reserve has raised interest rates again,

despite recent terms and the banking sector. the benchmark rate is going up to 5 percent. it's highest level since 2007 is a fed tries to curb inflation that been more protests against lebanon's financial crisis response, tier gas to break up demonstrations in the capitol by route. many were retired soldiers demanding a proper living wage. at least 8 people have been killed in russian drums strikes near the ukrainian capital, wednesdays, a toxic colors and student dorm, south of peeve. one of the victims was an ambulance driver called to the see french unions, according from nationwide protest on thursday, against the government's plans to raise the retirement age by 2 years to 64. hundreds of demonstrators march through paris late on the wednesday, came hours after president macro went on television to defend the policy. he wants it implemented by the end of the year without a buckler report, defiant in his 1st tv interview and months. the french president said he had no

regrets about his controversial pension reform bill were forcing it through the french parliament by decree. sackler, formerly in the face freeform is necessary marseilles, the french people, if i doubt enjoy doing this, but he is out of a sense of duty that are committed to this solidity and on i saw me my crawford no concessions to opponents of the reform. who said you wouldn't re shuffle his cabinet or change his prime minister, leaving some a position and peas, unimpressed on. if you're somebody you want a fire symbolically define frances working class could have mr. micron has highlighted his contempt for a part of the population through the contempt that was the hallmark of his pensions . bill 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 a workers. since january, they glad strike some protest in the country against the refer him in paris, destroyed by garbage collectors, is in his 2nd week prison. mike role 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 the governments ignoring people's concerns, the government is acting as if firm. nothing is happening on the street. and that as if for having music, people protesting peacefully, it 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, bye. are these neo liberal policies to day. so this rage 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 to future generations. and he wants it to be signed into law soon. on attack about latin men, al jazeera, new paras, pakistan's former prime minister, imran carne says it's only a matter of time before he is imprisoned or assassinated. he made the remarks in an online post, in which he spoke out against the government in the military parliament holding a session on how on discussing the deal with conn and his party. after recent confrontations with the police out, there was acid bag reports from the whole former prime minister, emron con, will be allowed to hold. a rally. authorities have ruled the decision comes after his party boxed on that he gave himself gave assurances, including the writings would be peaceful, but haunt took to a youtube live address to make serious allegations. he said there was a plan under way to target him. he accompanied a former cricket star turned leader has when i had spoken against the pakistani military involvement in politics, as well as

a traditional governing parties. but our sub go mad jail made out though young magick which i am wanting all of you. if i am imprisoned or killed, then you have to stand a never accepted as a defeat 12, but you have to fight till the last board met again, i am telling you they're going to eliminate me sooner or later so that they can get rid of me of the movement we started against these thieves who have lew to this country for decades. hun also showed video of what he said was he support is being attacked by police. cons rallies and court appearances had been marked by violence . there had been confrontations between his supporters and police, but its members of his party. he said they are the victims a mom, but some thought that he can camped outside his house in the city of the whole. members of the movement for justice are convinced their presence is needed to protect their leader. 6 the gates resembled the military barricade, but instead of soldiers, it's guarded by hon supporters. the army knob among come to see our seasoned allowed. we will eliminate the military that are involved in politics. give they

think that the brown car will be no more and will be eliminated. we will vote for the party and this movement will continue. it can't be wiped out of it into people's heart. oracle either pakistan will progress or it will be torn apart. talk morgan, she han himself, traveled with high security, fearful of a possible attempt on his life. members of the governing coalition, see him as a disruptive force within the country. ma'am, would you go to look now? he's making allegations about a plot to assassinate him every day he's making new claims. and it's just a drama and so far is not presented any evidence. as night falls in the hall, more supporters ready around hans house in anticipation of another pretty straight . many here believe the ruling coalition. government wants to see america. and if the porters go away quietly, they are called my son to bend his party. but so far, every move against con, only seems to increase your popularity. i said vague. i'll just 0. the hor bach is done at his 5 african migrants and refugees of di it. after

a boat sank off the coast of june. his ear fibers are rescued and 20 people are still missing. they left the tennessee and city of sparks bound for italy. according to a local rights group, thanks has become a major departure point for people for the conflict and poverty in africa. united nations and the u. s. of urge uganda as president. you are in the 70 to reject a new anti gay law. on tuesday, uganda's parliament approved legislation making it illegal to identify as gay and imposing tough penalties for same sex relationships, but include the death penalty, the white house as want of repercussions. if the law takes effect. they lost them to that decision was our own. there are cases of cis aid. so this, this a lot is worse than the one that was here before because it has a death penalty. and many people would be worried that it would be get some l g, p, q puzzles only when i'm not scared of the law as much as they are scared of their families, their friends,

the media out in via on finding out who they are by many of them would be scared of went to prison, and a majority of our you've done done. if you puzzles, they have not even understood that definition of this law. and what it means. if your peers, parliament does remove the to cry, people's liberation fund from a list of terrorist organizations, it's a major step in establishing an interim government in the northern tig wry region. the t p. a left was branded a terrorist group in 2021. a p steel sign last year ended fighting between to grant forces and government troops in the north. the country now homes, roads, and farm lands are under water in parts of california as the us state. braces from more extreme weather, the region has been battered by repeated winter storms. more than 200000 people are without an tricity. large parts of farmland have also been flooded. just ahead of the spring harvest season. right police, a fight tear gas on anti government protest. as in bolivia is capital hundreds of

teachers have been marching through the streets of la pas demanding higher wages is the 3rd straight week of demonstrations. teachers are calling for a general strike on this that demands a med chileans of march through the capital santiago to mark world war to day. organizers are hoping to raise awareness about access to safe drinking supplies for you and says 2000000000 people worldwide lack access to clean water. diseases relate to the unsaved drinking water. here 1400000 people every year. when in low income areas around venezuela's, capital, caracas, some residents say they have not tap water for decades. samples, 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. i guess they will, they must, 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 have brought us water from the well and sell it cheaper,

more than 20 years. we haven't know what it's like to have tap water. no running water has long been a luxury in the sprawling low income neighborhoods around caracas. a state 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. a pottery venezuela's largest villa benefit from a nearby well where they can collect ground water, others siphoned tap water from broken pipes or any mo guy working. we come here to get drinking water every 2 weeks. the use of the house i have to fish 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. zane basra v o g 0. i miss you now from my mother who has to walk several kilometers with her 2 daughters every day to find water in zambia. mingled sources and rivers and streams, where the water is shared by animals and not safe for human consumption. you may beg, king scar, bind you. my name is peggy scott. bungee i have 2 daughter lives. we're living casually milan, the village of children, do whatever i man that would dumb man digest. we fetch water from the dam. the water is dirty and contaminated with germany. it's such a long distance from home to the water so long. i walk many miles to find the water . and 3 people died in this dam. the few taps in the village don't have water.

we're left with no other option to use this water man to take it. i would dump our neighbors fetch from bumpers on a far away place with dangerous roads. but just to get water for us, we can't manage to get water from that far road lot. we got water from the dirty dam once we, i will do men die by get in. the water here is dirty and green people of god. this is our complaint. the water is a problem and we really need help and concerning this, walter probably, i doubt not. the world's 1st 3 d printed rocket has failed to reach orbit despite a successful launch. only minutes earlier about 85 percent of the and crude craft is manufactured with 3 d printing technology including its engines. the u. s. van behind the project relativity, space is promoting the rocket as being less expensive to build and operate to previous launch attempts this month. where bought it due to engine failure and a faulty val.