aah! al jazeera with the city has become a major global issue. the demand is going straight up and the supply is going straight down, turning in essential natural resources into a commodity traded for profit. just because it's life. i mean, it cannot be priced. what about the guy that can't afford it? that guy told me it's water. al jazeera examines the social, financial, and environmental impact of water privatization loads of water on al jazeera. ah, the u. s. federal reserve raises interest rates and a bid to fight inflation and avoid further economic turmoil.

ah, hello, i'm darn jordan. this is al jazeera alive from dough halls are coming up in lebanon . chester spent their unda yet again. of a years of financial mismanagement in the country. these 8 people are killed in cuba, barracks, of drones strikes, hit residential areas on wednesday morning. and colds and nationwide pro, texas people across france demand the government backs down of its plan to raise them atomic. ah, the u. s. federal reserve has raised interest rates again despite recent term or in the banking sector. the benchmark rate is going up to 5 percent. it's highest level since 2007 as a fed tries to pool inflation, but with banks feeling the impact of higher lending costs is chairman suggested

a recent string of rise, his could soon be over. how did your castro reports from washington? 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 chairman 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,

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. could 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 the highest and 45 year, largely because of a shortage of vegetables. and in bob has moved 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 headline figuring them yet or 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 were 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 on lebanon saw protest has returned to the streets on wednesday. police 5 tier gas to break up demonstrations in the capital, beirut. many were retired soldiers demanding

a proper living wage inflations. mon, soaring since 2019, making essential goods, increasingly unaffordable and problems in the banking sector have left some people struggling to access their money. sonata as more from beirut, lebanon has become a cash economy. it's the result of a 4 year old point, natural 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 of the country is facing because it is a very, very, very dangerous that the entire 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, 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 i to they consider 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 that tax 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 admission without 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 with all the while many war in lebanon is operating outside the international financial system than eclipse. alger cedar, beirut, at least 8 people have been killed in russian drones strikes. navia cranium, capital, wednesdays. attack it a college and student dorm, south of peeve. 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 were smart enough to tear the clothes off quickly and we were a bit slower and we suffered some bones. but it really doesn't matter because we are alive. stephanie becca has more now from keith. a ukrainian military saying that 16 out of 21 drones were shot out of the sky air i sirens did sound the ukrainian president cooling at quoting the murderous drones and referring to the russian president vladimir putin and saying, well, as he talks of peace, ah, 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 cave region was followed by another russian missile strike on to residential buildings in south georgia, ukrainian authorities. sandy's one person was killed. president vladimir zalinski has condemned the attack. these 25 people were taken to hospital of a 29 story buildings wit and then russian occupied crimea. officials say the navy repelled a drone attack on the port of sebastopol unit should have left over as more now 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 govern notes, have a total and the high residence drive 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 in into residential buildings were blown out. g, 2 explosions caused by destroyed drains. and after successfully repulsing the drone attack on us topple, the ukrainian knots is according to his vision. if again, on his telegram channel, they launched an information at talk, but the crimea is safe 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 a 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 if deploy at long range to shipment styles and dispute a territory in the north pacific,

moscow says the defense system was sent to be carrillo islands, which are partly claimed by japan. it came a day off in japan's prime minister, visited ukraine and offered his support. french indians, according to nationwide protests on thursday, against the government's plans to raise the retirement age by 2 years to 64 hundreds of demonstrations, marched through paris late on wednesday. it came hours after president emanuel macro went on television to defend the policy. he wants it implemented by the end of the year. latasha butler reports is 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 sutcliffe formula in the face freeform is necessary marseilles, the french people. so if i don't enjoy doing this, but he's 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. it was said you wouldn't re shuffle his cabinet or change his prime minister, leaving some a position and peas,

unimpressive. on the if you're, somebody want fi symbolically define frances working class, that mr. micron has highlighted his contempt for a part of the population. food contempt, that was the hallmark of his pensions. bill frances trade union said the reform is unfair because they raises the retirement age by 2 years to $64.00 and will have a greater impact on poor a workers. since january they bled strike some protest in the country against the reform in paris, destroyed by garbage collectors, is in its 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 the governments ignoring people's concerns, the government is acting as a 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 her an education issue. it's all public services which are being really destroy, bye. are 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 for do you need us 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 the dash about latin men, al jazeera paris, more so to come here now does air including pakistan's, former prime minister in one con says it's just a matter of time before he's in prison or assassinated. and we'll have the latest on the known to the with

hello, we have class guys across the good part of the middle east that setting the case into mecca right the way across into doha. little more crowded to southernmost parson, some showers some longer spouse. afraid sliding across iran tends to snow as it pushes across into afghanistan, some heavier bust. coming through here, little on the disturbed t i just around the to care. we'll see a little bit of sherry range is rolling into syria, lebanon, pushing a little further east was as we go through friday. but you can see it between fine and dry too bad at all temperatures here and doha. hurry 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 the wet weather that we have cross central parts of africa. we've seen some pretty wet weather recently into tanzania shower still here over the next few days. good scattering a shower is actually across southern africa, right the way into the southern cape for saturday. ah, in, ah ah

ah ah ah, welcome back. if you come out of the top stories here at this hour, the u. s. federal reserve has raised interest rates again, despite recent term or in the banking sector. the benchmark rate is going up to 5 percent. it's highest level since 2007. as the fed tries to curb inflation, they've been more protests against lebanon, the financial crisis, leased 5 to gas, to break up demonstrations in the capital play route. many were retired soldiers demanding a problem with these 8 people have been killed in russian drums strikes me,

ukrainian capital, wednesdays attached to college. i'm student dorm, south of t, one of the victims, more than ambulance dr. full to the seen, the former british prime minister barbara johnson, i was told a parliamentary committee that he never lied to members of parliament about gatherings held at his official residence during covered 19 locked downs. johnsons accused of deliberately misleading parliament, john hall report 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. well, what have you? this is very boon. 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 what i would ask you to allow that 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, the guidance was followed the rules of adding time. 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 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 richie sudak. sooner 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 the forest 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 a p. m. ejected as an m p. jonah, how al jazeera london pakistan's, former prime minister in kansas, is only a matter of time before he is imprisoned or assassinated. it made the remarks in an online post, in which he spoke out against the government and the military parliaments holding a session to discuss how to deal with conn and his party. after recent confrontations with police as beg reports from lawful former prime minister, him run on will be allowed to hold. the 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 han took to a youtube live address to make serious allegations. he said there was a plan under way to target him. he had gotten a former cricket star turned leader has when i'd spoken against the pakistani military involvement in politics as well as a traditional governing parties,

but sub go mad jail magento ja 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, thomas, but you have to fight to the last board muslim. 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 lead to this country for decades. hun also showed video of what he said was he support is being attacked by police. cons rallies and quarter princes had been marked by violence. there had been confrontations between his supporters and lease, but its members of his party. he said they are the victims demand, but some thought that he can tempt outside his house. in the city of the hor, members of the movement for justice are convinced their presence is needed to protect their leader. the gates resembled the military barricade. but instead of soldiers, it's guarded by hon supporters, the army knob among come to see i see under london, we will eliminate the military that are involved in politics. give they think that

a bronze 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 into people's heart oracle either by cassandra progress or it will be torn apart, took a marine cheek con himself, traveled with high security fear for the va possible attempt on his life. members of the governing coalition seen 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 whole more supporters radio rank hands housed in anticipation of another pre straight. many here believe the ruling coalition. government wants to see him, not on any supporters go away quietly. they are called by some to been his party. but so far, every move against con, only seems to increase your popularity. i said vague, i'll de 0. the hall buffy sun renewed. fighting in yemen,

energy rich married province is testing 10 months of relative calm in the country arraignment. back to the rebels reportedly launched an attack on tuesday in married herod district, leading to an unknown number of casualties. as according to the reuters news agency, the flare up comes as saudi arabia and iran, who backed opposing sides in the circle. proxy war agreed to restore diplomatic ties. of his 5 african migrants refugees of died after a boat sank off the coast of tennessee. it 5 others were rescued and 28 people still missing. they left the tennessee and city of subjects bound to italy. according to a local rights group. facts has become a major departure point for people fleeing conflict and poverty in africa. now, homes, roads and farmland are under water in parts of california as the us state. braces for more extreme weather regions been battered by repeated winter storms. more than $200000.00 people are without electricity, large areas of farmland have also been flooded just ahead of the spring harvest

season. ryan, police of fire tear gas on anti government protested in bolivia. capital, hundreds of teachers have been marching through the streets of lepers, demanding better. wages is the 3rd straight week of demonstrations. teachers are calling for general strike unless the demands are met. 8 american celebrities have been charged for their alleged involvement in an illegal crypto currency investment scheme. data lindsay lohan and youtube jake pool are among them. they're accused of encouraging millions of social media followers to buy crypto assets without disclosing they'd been paid to do so. no 6 of the celebrities of agreed went out of court settlement jillions of march through the capital santiago to mark world war today. organizers are hoping to raise awareness about access to say, drinking supplies. un says 2000000000 people worldwide lack access to clean water. disease is related to unsafe drinking water, kill 1400000 people every year. well,

in low income areas, around venezuela's capital kanaka, some residents say they hadn't had 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 might, 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 burnett 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. 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 mo guy working. 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. zane basra v o g 0. unless he now from a mother who has to walk several kilometers with a 2 daughters every day, just to find water in zambia. many of the saucers are rivers and streams, where the water is shared by animals and not fit for human consumption. you may beg

king scarborough and you my name is peggy scott bungee i have 2 daughter lives in. we live in cat, julie malone, the village of children, do whatever i meant that was dumb, man dodge, as we fetch water from the dam, the water is dirty. and contaminated with germs and man, it's such a long distance from home to the water. so soon i can walk many miles to find the water. and 3 people died in this dam. the few taps in the village don't have water were left with no other option to use this water man to take it. i would dam our neighbors fetch from pumpers only a far away place with dangerous ruin. but just to get water for us, we can't manage to get water from that far road. we got water from the dirty, damp. one is the way i will do men. dab i 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 concerning his water. probably, i doubt. and now the world's 1st 3 d printed rocket has failed to reach orbit

despite a successful launch only minutes earlier. awe about 85 percent of the unproved craft is manufactured with 3 d printing technology, including it's engines. the u. s. fur behind the project relativity space is promoting the rocket as being less expensive to build and operate. it blamed and unspecified issue for its failure to reach orbit to previous launch attempts of the turn one this month where bought it to, to engine problems. and a 40 bout for the 1st time london's bigger than a circus has been lit up with ramadan lights to welcome the muslim month of fasting and reflection. london's, the 1st major city in europe to host a spectacular light displayed to mark the occasion its mer study. com says it's a symbol. the capitals diversity.