with freedom is always was quite bold and untold stories from across asia and the pacific 101 east on al jazeera, there's a story being spun fancy where being sold, the notion that we can offset for the car the we generate does carbon offsetting actually work what is being done isn't worth sitting in the problem is net 0 just to catch raise. net 0 missions, that's there, right? you know, climate children holly re examines the myths. i'm delusions in the struggle against climate breakdown. all hail the planet episode won on al jazeera ah you as interest rates rise to 5 percent and have been to curb inflation and tackle a turbulent market. meanwhile,

all eyes are on the bank of england to see if it's going to raise interest rates as inflation source. ah, umbrella baptism, this is all just do alive from doha. also coming up tensions in the south china sea, washington and beijing give different accounts of an incident involving an american destroyer plus a shed. it was straight. you don't miss it, don't miss it. these training, prime minister hazards voters to back a referendum the will constitutionally recognize the nation's 1st people ah, facing it's worse, financial crisis is 20 away to the u. s. federal reserve has raised its interest rates. once again, it's benchmark rate is now up to 5 percent the highest since 20 o 7. it's all part of efforts to tackle inflation and com market south to recent

banking turmoils in the u. s. heidi joe castro reports from washington dc. 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 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. 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 height is expected before the end of this year, and then if inflation indeed continues to descend downward as expected, then come $22004.00 interest rate cuts could be expected. id, joe castro, al jazeera washington. meanwhile, interest rates and the u. k could also go up and so safe harbors inflation rate rose unexpectedly to 10.4 percent driven by high food and energy bills. the rise puts pressure in the bank of england. it's inflation target is 4 percent. i'll just see it as nitty bama 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 headline figuring 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 shorted ease 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 put in the 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 13 years ago when the conservatives took power. union bosses similarly as saying that the cost of living crises 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. washington's denying china's statements that a u. s. to store has been forced from the south and as see on thursday, the chinese military said it drove the vessel away from disputed waters or the

potter cell islands by the u. s. navy says is destroyed, is continuing his routine operations in the area and has not been expelled. could any use johnny's not live from beijing? what's the background to this katrina? well it's certainly not the 1st time that washington and beijing have disagreed of what's happening in the south trying to see. but what makes this potentially dangerous, that this is happening at a time when paging and washington are having very tense relationships and disrupt between both slides at an all time high. now, according to china, they followed the u. s. mc guided miss. i'll destroy a 1000000. they said that it cost without permission illegally into this area. the agent called she shot by the parasol island. it says that china is navy wanted to the ship and then ultimately drove it away. and paging says, but by this action us is creating instability in the region. now, washington has released a counter claim saying that this is

a false statement and that the 1000000 continues what it says off freedom of navigation operations in international waters. now, trying to claim much of the south china sea despite that resource rich region being claimed by also many of its neighbors. this area where the confrontation took place is a 7 columbus square door. and by the passage, which is also claimed by ply, one and by the by viet nam. now the us says that china has been increasing its activities, bullying other countries. and certainly it has been building an artificial island to intensify its military activities. and as a result, we've seen the us focus on the india pacific, who for more areas it's done deals with manila, for example, example to build some bases in the philippines. it's also read supplies trillion with nuclear power submarine. now, beijing says that all of this amounts to encroachments on the territory. she'd been

paying says that this is and circle and bathing is simply responding by protecting its own 72 to thank you very much. katrina, you're talking to us. we're basing russia says is deployed long range anti ship missiles to it's far east to region in the north pacific. moscow says the defense system has been sent to the korean 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. australia's prime minister has reveal details of a proposed referendum that will give constitutional recognition to the nations indigenous people. antony alvarez's spoke at an emotional news conference on thursday, outlining the plans. 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. he sees 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 the 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 and this has been contested. but the truth is that a strategy will be seen as a better nation as well by the rest of the world. that's just a fact. we're going to speak to sarah clark, who's in brisbin for a sir, antony albanese. they're clearly very chalked up what he's making these statements . can you give us some more detail about the final wording? and of course what it means. well, this has been years in the making on thursday, have much fun. they approved the wording that will go to the striding people in the referendum life. and that's a significant milestone in the long march towards recognition at

a national level of the 1st nations, people in the constitution for the 1st time. and as well as getting that constitutional recognition, a voice in parliament will also be given to an advisory body, and that being the aboriginal and tossed on the advisory body. it was an emotional prime minister. he did choke up when he believed that it was very emotional, my theory and the wording that he's finally approved. and kevin finally approved is a proposed law to alter the constitution to recognize the 1st people of a strategy by establishing the aboriginal and talk to us right on the voice. and they're asking the astronomy people, do you approve of this proposed alteration now strongly but yes, then the final wording that we just mentioned will be included in the constitution and it's a binary body will be set up. now that could advise basically the government as well as federal college. now as i said, this is been months of debate and months of discussion, a lot of divisions. so i certainly will start toward this and we do should know

that the wording it would finally approved by cabinet. it did not a minor tweaks that constitutional experts did suggest that it was a subtle but significant change. but were designed to, we know that some of those are given the amount of preparation that you've been talking about. one would imagine that it's going to have a fairly smooth passage. but i mean, is that accurate? what's been the reaction to this? well, it has been devices, it's been an ongoing device, but the division being lead in the federal parliament is from the opposition and the conservative liberal coalition, liberal and national party groups. the big concern that number one, i don't believe not being released in the lead up to where we are now noting this referendum. we'll go ahead in october at the album easy has said that table knocked out her palm device and not more detail when it's a raised in panama, that the, the just proposed department next week. the national parties did that. we don't

want to like to watch another layer of bureaucracy that being the advisory body in the federal level, not that advisory body. they did not say that the wording is what it will be, my representations to federal parliament, the executive government and parliament, as opposed to just the executive government. as for indigenous later, there's been a lot of debate within the indigenous community. some of that is simply not enough representation of the 1st sessions. people in the constitution, the critic side is symbolic on the and there are a lot of other problems that should be dealt with. first words, you do have the group that with that press conference and i've been inviting the saying this is a solid stick towards reparation between what they believe has been a trouble partnership between the indigenous and the non integers community. and they find that the heart and mind can be clear from curity and the oppression and shine of the past. if we take this make it all depends on the republic. we do

believe the preferred died at the moment is the type of 14. it's a lot of debate to go on between now and then, but certainly a huge step to the significant milestone. and what's been a long a few years of debate in what could be a constitutional change per se, dr. sarah, thank you very much. it is sarah clark talking to us from brooklyn. is he obese parliaments removed that a good eye? people's liberation front or tpr left from a list of terrorist organizations, is a significant step towards forming an interim government in northern to gray region . a. t p ala was branded a terrorist group in 2021. a p still signed last year ended fighting between today and rebels and government troops that killed tens of thousands of people. at least 5 people have died in a boat sinking off the coast of chin. izzy. another 5 were rescued. 28 are missing . the vessel, carrying mostly african migrants and refugees, left. the chin is in the city of facts headed for italy. according to a local aid group. fax has become a regular departure point for asylum seekers hoping to reach europe. the you in the

middle east peace envoy has told a security council meeting his worried by israel's expansion of illegal settlements . this week, the canal it overturned part of a law that bans settlements in the occupied west bank. it had been in place since 20 o 5 is ready to security forces operations in the occupied west back and subsequent clashes of lead to a staggering number of policy needs killed in you. i read the security forces, what use legal force, all the work strictly on the void to protect life must from the authority, investigate all instances of destiny resulting from this use, holding those responsible accountable. i am particularly old, pulled the children continued to be killed and indeed large numbers children must never be targeted of violence used or who did off sway. it's still ad and i'll just

say that a struggle to find clean water and pots of zambia, how some women have to walk long distances every day to fill the buckets. undeterred french protesters block roads after president macro sticks by his pension amendments and calls for com ah ah, how i the weather remains very hot across a good part of indo china. we saw temperatures touching 41 celsius in north vietnam on wednesday afternoon, subtly winds here that's up to was handling lucy dry across indo china as is the case to, to the north of the philippines. but a few shares of central and southern parts of the philippines, good scattering of showers across malaysia. and we'll see some rather lively sam is from time to time through good part of indonesia,

maybe some larvae down. pause he on saturday, coming into a good part of java and i, we say some lives down pause recently into the southeast of australia. little nasty, little crop of storms rumbling away. sundry down paused, pushing across sir eastern parts of victoria, easing through new south wales. and this weather system will slowly but surely make its way further east was pushing over towards needs in for some wet weather coming into the out western side of the south island of new zealand. but still some showers lingering there across that eastern side of australia, showers to just around the top panel. see some wet weather coming into w way over the next couple of days has not been too wet here recently. they'll be plenty of rain as we go through the next few days. that rain, becoming somewhat more expansive as we go one through sas day, stretching all the way across the great australian bite. ah, the coveted beyond well taken without hesitation.

fulton died for power. defines how well we live here, we make the rule, not them. they find an enemy and then they try and scare the people with people and power invent to gain expose days and questions they used and abused of our around the cloud on now to sierra lou ah, watching or 0 reminder of our top story is this are washington's denying china statements that are us destroy, it has been forced from the south china sea in thursday. the chinese military set

it drove away the vessel from waters. the of the potter cell islands are certainly his prime ministers reveal details of a proposed referendum that will give constitutional recognition to the nations indigenous people. australians will vote on it later this. here the us federal reserve has raised interest rates and a bit to curve inflation. it's benchmark rate is now up to 5 percent the highest since 20 ohms. nigerian informal economy is struggling because there isn't enough cash. the new local currency under recall of old bank notes is being blamed. nearly half the population doesn't have a bank account. all zeros elevator supports from the northern region of cano goods arrive at the sink market by the truck. but with not enough bank notes in sight, que leisha traders are struggling to find buyers for their goods. other than what they are going to spend got cut them today will. 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 re design of the highest denominations of the local currency than ira that the bank then took the bank notes out of saturation to discourage that. that's left millions of nigerians queuing it. banks, pullman's, well desperate for the new notes. there isn't enough money to go round. commercial banks of such cash withdrawal 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. shoe mer blames the government's monetary and fiscal policies for the collapse of his business. my

dad 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 into saturation until the end of the year. that was after some governors took both the central bank and federal government. when the economy, those down and you need to activate it, you reflect it not deflated. what happen is lead, deflated the economy, and it is impacted negatively on the default. economies warn of dangerous ahead for an economy that already seemed to recessions in ages. once economy's experience in this, it simply means that the economy can collapse at any time. and that before you ginger people to production again the to tick tock because that trust

on government and its policies is no longer there. despite the order from the supreme court, the cache crunch continues. it's causing can only be 2 millions of my generators and small businesses. increase al jazeera colo. judy french unions are calling for more protests against the government's plans to raise the retirement age. demonstrations of already begun and the northern city of om, y'all will numbers start blocking only morning traffic presidency. monument wrong defended his pension policy and a televised interview on wednesday. he said the changes will be implemented by the end of the year. latasha butler has more from paris, 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, settler, formerly in the face freeform is necessary. i say at least the french people will

if i don't enjoy doing this, but he's out of the sense of duty that i committed to this solidity and honor for me. my crawford no concessions to opponents of the reform or said he 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 could have mr. micron has highlighted his contempt for a part of the population food contempt. that was the hallmark of his tensions. bill . frances trade union said the reform is unfair because he raises the retirement age by 2 years to 64 and will have a greater impact on poor a workers. since january think lead strikes and protest in the country against the referring 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 concern, the government is acting as if her nothing is happening on the street. and that as if her 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 maid's house sacked up and now people are claiming the streets because there is no other way to be heard to day. for do you need is 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 will says the reform will help sustain the pension system to future generations. and he wants it to be signed into law soon. natasha butler may al jazeera new paris. this was

parliament's past the 1st of several laws that make up the governments controversial judicial overhauled. as despite ongoing nationwide protests against the changes to the judicial system. the plan would limit the sum power of the supreme court critic saying it's right as democracy. hundreds of demonstrators a blocking rosie protest. indian opposition, politician roha gandhi's been sentenced to, to use in jail for defamation. in a 2019 speech gambling made references to prime minister hines on morty and to fugitive indian businessman, all sherry, the more discerning, i'm calling them thieves. gandhi said, his comment wasn't against any community and will appeal against the ruling. foreign minister, modi's b, j. p said, nobody is above the law. at this time, people have been killed in russian. drone strikes to the ukrainian capital widens his attire, care to school, and the student dormitory, south of keith. one of the victims is an ambulance driver who was called to the scene more than a dozen people have been injured. pakistan's,

former prime minister in long cotton, says it's only a matter of time before he's put in prison or assassinated. as supporters have been camped outside his home in the hor for days preventing police from arresting him on corruption charges. i said back reports from law. her former prime minister in run on 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 han took to a youtube live address to make serious allegations. he said there was a plan under way to target him. your government, a former cricket star turned leader has been outspoken against the pakistani military involvement in politics, as well as a traditional governing parties. but sub go mad jail. madame, 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, thomas, we have to fight to the last born 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 looted this country for decades. hun also showed video of what he said was he support is being attacked by police. cons rallies and core to princes had been marked by violence. they had been confrontations between his supporters and police, but its members of his party. he said they are, the victims come on buck them so that he can camped outside his house in the city of the whore. 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 armina berman come to see our seasoned, and 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 into people's heart article. 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. music. uh, okay, 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 pretty straight. many here believe the routing coalition government was to see america. and if the porters go away quietly, the aqua, my thumb to bend his party, but so far, every move against con, only thing to increase your popularity. i said vague. i'll just, sarah. the whole bucket on please in bolivia, how far tear gas at teachers protesting and the capitol. hundreds of teachers march through the streets of la pas demanding a higher education budget is the 3rd week of demonstrations. teachers are calling for a general strike unless the government announces new funding. and people in chile

have march to the capital santiago to mark world water day organizers are hoping to raise awareness of our clean water and sanitation. the un says 2000000000 people worldwide lack access to drinking water. at 1400000 die every year from illness is caused by unsafe drinking water. let's hear not from a mother in zambia last to walk several kilometers every day just to collect water . many of the sources of rivers and streams for the waters shared by animals, and isn't safe for human consumption. net, thank you. carbine you. my name is peggy scott bungee i have 2 daughter lighting we live in cad. julie malone, the village of children, do whatever i men that were done, and i just, 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 soon as i walk many miles to find the water and 3 people died in this damn with a few taps in the village,

don't have water that were left with no other option to use this water man got to take it. i would dam our neighbors fetch from bumper, suddenly 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, not we got water from the dirty dam. that one is the way i will do. men die, i get in the water here. you 30 and green people of god. this is our complaint. the water is a problem. we really need help and concerning this water. probably, i doubt that there was 1st a 3 day printed rocket has failed to reach shore, but despite a successful launch, awe about 85 percent of the craft is manufactured with 3 d printing technology including its engines. the us from behind the project relativity space says this rocket is less expensive, the conventional rockets to build and operate it's capable of lifting 2000 kilogram .