tv News Al Jazeera March 23, 2023 11:00am-11:31am AST
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miss insights to the eyes of a whistleblower and a patriotic military commander witnessed presents. this is congo on a jesse either breaking down the headlines till exposing the powers attempting to silence reporting. what did you do? what to investigate? why didn't you off the fact the question? there are many during that head fencer it will have, but you think effect on subsequent stories. the listening post doesn't cover the news. it covers the way the news is compet to suppress moderate. and in some cases, amplify the content you see on your timeline. then the see post on al jazeera with u. s. interest rates rise to 5 percent in that beta carbon inflation. i'm tackle a turbulent market. meanwhile,
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all eyes are on the bank of england to see if it's going to raise interest rates as inflation source. ah, robinson, this is al jazeera life and don't have also kelly up. i said it was straight. you don't miss it. don't miss it is very imply monitors urging voters to back a referendum that would constitutionally recognize the nation's 1st peoples. and nigeria is cash crisis is getting worse, money, softer old modes were abruptly band and replaced with new ones. ah, facing as was financial crisis is 20 awaits the u. s. federal reserve has raised his interest rates. once again, it's benchmark weight is now up to 5 percent. that's the highest since 20 o 7. it's all part of efforts to tackle inflation and come market south to the
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recent banking turmoil in the u. s. i to jo casso reports from washington dc. 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 sore 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 chairman jerome pow so the blame lies with
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the bank. now under investigation in a basic level, silicon valley bank management failed badly. they grew the bank very quickly. they exposed 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 that 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
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a half percent. investors fear even the modest interest rate hike will increase pressure on banks. just how much higher will the federal interest rate go? well, the federal reserve is signaling that it's approaching the end of an 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. jo, castro al jazeera washington. meanwhile, interest rates, me u. k could also go up on thursday, february inflation rates rose unexpectedly to 10.4 percent driven by high food and energy bills that i put pressure on the bank of england. it's inflation target is 4 percent. i'll just say there's nothing baba has more from london will after several months of falling inflation. this is something of a surprise and it poses
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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 each checker, that person'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,
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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 a 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. washington's deny in china's statements that a u. s. to store has been forced from the south china sea on thursday. the chinese military, he said it drove the vessel away from disputed waters near the potter sal islands.
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but the u. s. navy says its destroyer is continuing his routine operations in the area and has not been expelled while from on this continues joining us now live from beijing. what's the background to all of the screen? well, so the 1st time that the u. s. in china have disagreed of what has happened in the south china sea. but what makes this particularly dangerous is the timing right now . the distrust and the tensions between washington and aging are at an all time by making any potential confrontation, particularly risky. now china is navy, says a u. s. got it miss all destroy amelia's illegally entered into an area that china called she shall buy the parasol island. it says china is navy responded by driving out the destroyer and remains in high blood. china has accused the u. s by creating regional instability via this action. now, washington has responded to this and says that trying to statement is false and
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that the 1000000 continues to conduct what it says are freedom of navigation, exercises in international waters. now china claims much of the south china sea and it's been building up artificial islands and intensify military activities in the region. and where this encounter took place. this area by the parasite islands, it's resource rich. it's about 7 square kilometers in size. it's defacto controlled by beijing despite being also claimed by try one and the noun not washed and has been increasing its activities in the, in the pacific and its focus that and recently, it did a deal with manila to build more bases in the philippines. it's also agreed to supply a stray area with nuclear power submarines and according to beijing, this amounts to encroachment of its territory. and what she's paying himself has said is encirclement and aging says it's merely responding to this and doing what it can to protect its own 70 katrina. thank you very much. katrina you talking to
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us from beijing. russia says is deployed long range anti ship missiles to its far east region in the north pacific. moscow says the defense system has been sent to the curial islands. the sovereignty of some of the islands is subject to a historic dispute between japan and russia. the deployment came a day after japan's prime minister visited ukraine and offered his support. at least 8 people have been killed in russian. drone strikes near the ukrainian capital widens days attack it, a school and a student dormitory, south of kiva. one of the victims is an ambulance driver who was called to the scene more than a dozen people have been injured with realty before the slight. we were all together. when the blast we've hit and the ceiling started to crumble. there was 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
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are alive. the attack of the cave region was followed by another russian missiles try can to residential buildings as up lucia, ukrainian authorities say at least one person was killed when 29 story buildings were head. australia's prime minister's vill details of a proposed referendum, double give constitutional recognition to the nation's indigenous people. antony albanese announced that he tells during an emotional news conference. australians will vote on it later this year. if it passes. a panel will be set up to advise parliament on issues that impact the lives of aboriginal people. t. she's a modest request. i say, do i said it was stray. you don't miss it. don't miss it. so i want this done for indigenous australians, but i want it done for all strands. we will feel better about ourselves. if we get this done, we'll just feel better. and you know what i've said this,
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and this has been contested. that the truth is that a strategy will be seen as a bid and niceness will by the rest of the will. that's just a fact. let's o'clock telling us not brisbin. with more on this, i was a very emotional statement that the prime minister was making. can you give us some more detail about the final wording? and of course, what it means. cool. this is a significant milestone in this ongoing or historic march towards a constitutional recognition of the 1st nations people at a national level. and that being the constitution, as well as giving them the indigenous people of voice in federal parliament as we just heard at the albany, was very emotionally choked up during the press conference when he revealed the proposed wording has now been approved by cabot. it was picked up last, not cabinet approved on those dates. now it goes to federal parliament next week for the next round of debate. i should note the wording is a proposed law to alter the constitution to recognize the 1st people of
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a strive by stabbing an aboriginal and tossed right all the boys. and that question is, do you approve this proposed alteration? and that's the question that will go to the people who are struggling in this referendum. and we believe that the referendum will be held in october and the preferred date, we believe is october 14, a frustrated, but yes, the font, a wording will then be inserted included in the constitution the 1st time recognizing the 1st nations people, an advisory board would be set up and that would be making representations to the executive government as well as the federal parliament. and that would be representation of aboriginal and torres threat on the people. now there's been months of debate and discussion about these ethnic albany. he said he would take this further and he had, this is the 1st step in what will be a few more months of the federal parliament should not have been criticism and the wording it was released by the albany because i was tweaked and the constitutional
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experts i it was a subtle but significant change to the wording, but it was clearly designed to win over some of those credit. yeah. but given the fact that you're saying that there's been a lot of preparation for this, and it's been a very careful process by, by the way you're describing it. one would assume it's going to be a fairly smooth operation to get this into law. but what has been the reaction look, it's been mixed. we've had the federal opposition led by the liberal party and paid up and who the petition later have long been critical of basically a lack of detail been released by the federal government to the people of a strive. yet again, he's raised that criticism again today he wants to know what's behind this voice. what does this mean? the national party, which is part of the coalition, that conservatives in federal parliament, a bite to have been a by putting up i at advisory body that's represented by the average on top of all the people at a national level. that's simply another layer of bureaucracy. we've also had the
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new wording trying to win over those critics. it does make it specific, it's the voice, my representations depalma and the executive government. previously, it was just to the executive government as the indigenous reaction. we've had some of the indigenous communities who being critical found this is symbolically strongly has a lot more to do and prioritize to fix the problem. the troubles that are associated with the partnership between the non indigenous and the indigenous people get. we've had the high profiles, 1st nations lated to a flag to the press conference. today. they said that this is a strong, significant step and hot the mind to now be clear from curity of oppression and shying. so we can take the voice and give the indigenous australians representation at a national level. but as i mentioned, we still have a long debate to go with this proposed wording from the prime minister approved by cabinet to go to federal palm and next week. sarah clark bring this up to date from
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brisbane. thank you. if you will be as parliaments, remove the degree people's liberation front or t p left from the list of terrorist organizations. it's a significant step towards forming an interim government in the northern to drive region g p l. f was branded a terrorist group and 2021. a p still signed last year and it's fighting between to ryan rebels and government troops of kill tens of thousands of people. at least 5 people have died in a boat sinking off the coast of june as yet another 5 were rescued and 28. i'm missing the vessel carrying mostly african migrants and refugees message and is in the city of facts headed for italy. according to a local age group. fax has become a regular departure point for asylum seekers hoping to reach europe the u. n. middle east peace and boy has told a security council meeting his worried by israel's expansion of illegal settlements . this week, the can acid overturned part of a law, the band settlements and the occupied west bank. it had been in place to 25. these
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rated security forces operations in the occupied west back and subsequent clashes that lead to a staggering number of palestinians killed the engine. i re thread the security force is much use lethal force of the work strictly unavoidable to protect life and must, from the authority investigate all in depth and injuries resulting from these views . holding those responsible accountable i have particularly, or pull the children continue to be cute and in these large numbers, children must never be targeted of violence used or could in our way. so had an ard, is it on the struggle to find clean water in pots, zambia as some women have to walk long distances every day to fill these boxes. undeterred, friends, protest is block rose after president macro stuck by his pension reforms and called
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for com. ah hell i we got a lovely warm spring sunshine across central, passive yet lars, the clear skies here. this is the place to be. if you want that's a very pleasant weather. temperature is well above the average, above average to ever towards the northwest, a little more unsettled. here we got these bands of cloud and rain weather systems rolling in from the atlantic. yet again, there'll be some sunshine by the will also be some showers. watch out for free rainbows later on the day as a result of that. where is it? whether they're just coming into france, pushing across southern parts of england, sweeping through wiles into the west of scotland, northern odyssey, some showers, along with the republic of ireland. that's a wet weather coming in from that south west direction. lifting those temperatures really quite nicely. it was stockholm, getting up to around 12 degrees celsius. so the chance of one or 2 when fi flurries
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over the high ground of but norway, but the central air is look at that lovely weather there. belgrade, at $21.00 celsius and rising to $25.00 degrees. by the time we come to friday, about 10 degrees above the average, he lot of fine and try weather cassandra central parts of europe up towards north west. still unsettled little bit of snow there over the outs. one or 2 shares cross at easter side of the mediterranean, some of those shows also affecting the far north east of africa, but still very warm for kyra. ah, the join the debate, the, you know that the sector seems empowered by history, the government, and stained by the daily government today they are the government africans how security is also global. help security on an 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 toward
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a sustainable economy. at the end of the day, it is ordinary objects that are paying the price. this tree anal to sierra lou ah, what's going 0 reminder, what top stories the south, washington's denying china statements that are you as to store has been force from the south china sea on thursday, the chinese military set. it drove away the parcel from waters near the pot of sel islands. australia's prime ministers reveal details of a proposed referendum that would give constitutional recognition to the nations indigenous people. australians will vote on it later this year. the u. s. federal reserve has raised interest rates in
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a bit to carbon pollution and com. tumbling markets benchmark rate is non to 5 percent. that's the highest since 20 o 7. nigeria is the shadow economy is struggling because there isn't enough cash, a redesign of the local currency as well as what we call the bold bank notes is being blamed. nearly half the population doesn't have a bank account already. drinks reports will kind of goods arrive at the sink market by the truck, but with not enough bank notes, since i q lation, traders are struggling to find buyers for their goods. i'm other than what they are going to spend got cut and de would able doesn't that he bill people from rural areas who used to buy a 1000 cartons of goods with cash can no longer do that. most of them are on banks . why you are in october last year, nigeria central bank announced the redesign of the highest denominations of the local currency than ira for the bank then took the bank notes out of sight
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correlation, to discourage that. that's left millions of nigerians queuing it. banks, pullman's, desperate for the new notes. there isn't enough money to go round. commercial banks of such casual limits to just $20.00. sometimes they have no cash to dispense at all on informal trade makes up 60 percent of nigeria economy and most transactions take place in cash. i shortage of bank notes and unreliable money francois system are making life difficult for small businesses. shoot, what blames the government's monetary and fiscal policies for the collapse of his business. mother did a yard yog, i get of ahmad, that evolve a day. it's difficult to feed my family as we speak. i only have $0.50 in the shop when i don't even have enough to give the shop assistant money to catch a bus. home. nigeria, supreme court has intervened and ordered the central bank to put the old notes back
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into circulation until the end of the year. that was of to some governance to both the central bank and federal government. when the economy goes down and you need to activate it, you reflect is not deflated. what's happened is lead defeated, the economy, and it is impacted negatively on the people. economies warn of dangerous ahead for an economy that's already st tool recessions in ages. once economies experience in this, it simply means that the economy can collapse at any time. and then before you ginger people to production that give the to tick tock because that trust government and it's bonuses, it's no longer there. despite the order from the supreme court, the cash crunch continues. it's causing can only be 2 millions of nigerians and
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small businesses. how many decrease al jazeera color nigeria? frank genes are calling from a protest against the government's plans to raise the retirement age. demonstrations have already begun in the northern city of i'm your where members started blocking early warning traffic residence and monument wrong defended his pension policy in a televised interview on wednesday. he said the changes will be implemented by the end of the year. natasha battle has more from paris, the defiant in his 1st tv 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. set my family in this freeform is necessary. i say this, the french people will, if i doubt, enjoy doing this, but he is out of the sense of duty that i committed to this solidity in order for me, my crawford no concessions to opponents of the reform. i said you wouldn't re shuffle his cabinet or change his prime minister, leaving some a position and peas, unimpressed to look on. if you're somebody,
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one of my symbolically define frances work in class, that if mr. mcgraw has highlighted his contempt for a part of the population, food contempt, that was the hallmark of his pensions mill. frances trade union said the reform is unfair because it raises the retirement age by 2 years to 64 and will have a greater impact on poorer workers. since january, they glad strikes and protests in the country against the griffin. 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 if for nothing is happening on the street. isn't that as if for having music, people protesting peacefully. it doesn't mean anything and doesn't change anything
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. 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 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 the dash about latin, my al jazeera new paras, former british prime minister bar, as johnson has told a parliamentary committee, he never lives to m. p. 's about gatherings held at his official residence during the 1900 lock. jones johnson accused of deliberately misleading parliament, john hall reports from london. some have called it boris johnson's last stand.
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this colossal figure of british politics, demeaned under close questioning by a cross party committee of m p. 's book. what have you? this is very important 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 of his next class course at issue here is whether johnson lied to parliament about locked down parties in number 10, downing street. no, but i'm sure that whatever happened either guidance was followed the rules and honest 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
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concedes his statements were misleading, but uttered he said, in good faith, 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, and 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,
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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 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 p. m. ejected as an m p. jonah, how al jazeera london believes in bolivia, how far tear gas at teachers protesting in the capital, hundreds of teachers march through the streets of la paz, demanding a higher education. budget is the 3rd week of demonstrations. teachers are calling for a general strike unless the government announces the funding able until i have lives to the capitol santiago to mark world water day organizes organizer hoping to raise
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awareness about clean water and sanitation. the u. n says 2000000000 people worldwide lack access to drinking water. about 1400000 die every year from illness is caused by unsafe drinking water. let's hear now from a mother in zambia has to walk several kilometers every day to collect water. many of the sources of rivers and streams where the waters shared by animals and isn't safe for human consumption. net, thank you, scab and you. my name is peggy gut bungee. i have 2 daughter lighting we live in cad, julie malone, d village of children. do whatever i man, that would dumb man dodge, if we fetch water from the damn, the water is dirty and contaminated with germany. it's such a long distance from home to the water, so i walk many miles to find the water. and 3 people died in this. them with a few taps in the village. don't have water that were left with no other option for
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to use this water. man got to take it. i would dam only bills fetch from bumper, suddenly a far away place with dangerous royally, but just to get water for us, we can't manage to get water from that far. road not, we got water from the dirty dam, wednesday 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 in the concerning this water problem. dow menda london's piccadilly circus has been decorated with lights to mark the passing month of ramadan. this 1st major city in europe to stage a light display for the occasion. marcella con says the symbol of the british capitals diversity. ah, this is al jazeera. these are the top stories, the u. s. federal reserve has raised interest rates and a bit to carbon inflation and com, turbulent markets. it's benchmark weight is.
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