tv NEWSHOUR Al Jazeera March 23, 2023 1:00pm-2:00pm AST
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all the both the legal reform or they see that we have the proper spirit in depth analysis of the days headlines inside story on al jazeera, in a post colonial world. the scars of european imperialism run deep. nowhere more so than in the democratic republic of congo. where her history still shapes the president of visceral, yet infamous insight through the eyes of a whistleblower and a patriotic military commander. witness presents this is com. go on a jesse, you know, ah ah, hello, i'm elizabeth thought him and this is the news,
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allan live from doha coming out for the next 60 minutes. us interest rates and now the highest in 15 years. while the federal reserve battle was to tackle inflation lies now on the bank of england to see if it will raise interest rates as inflation . souls will have a live off date. the w h o has confirmed the 1st ever outbreak of the mother of virus. after 5 people died and tens of mia and cases of a portrait and equitorial guinea, and more protests than israel as parliament passes. the 1st law of changing the judiciary and giving more power to the states and its whole christian ronaldo sets of great a nova world record in the coming hours. the portuguese thought about becoming the most kept men's international player of all time. ah, who facing? it's was financial classes since 2008. the u. s. federal reserve has raised its
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interest rates. once again, it's benchmark raises now up to 5 percent. the highest since 2007. it's all part of efforts to tackle inflation and cons. in spite of recent banking to more than the us audio cost reports from washington, d. c. 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
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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 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. 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
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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 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. well, meanwhile, interest rates and the u. k. could also go off on thursday. february inflation rate rose unexpectedly to 10.4 percent driven by high food and energy bills. the rise puts pressure on the bank of england. it's inflation target is 2 percent that's
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bringing correspondent pulled, whether he's joining us live from london. so is another interest rate hike a foregone conclusion here for given yesterday's inflation figures? i think pretty much it is. there is a broad consensus, although there are some outliers who believe that the bank of england should hold the consensus is that particularly given the inflation food inflation. you mentioned just there in the introduction that the bank of england has to react very be expectation that inflation will fall during the course of this year. but if a moment that it's stuck on the high, it rose from 10 point one percent to 10.4 percent just on wednesday. and given that that is so much higher than the bank of england 2 percent target, then the pressure is very much on the bank of england to actually respond. this would be the 11th consecutive monthly increase, that the bank of england has made to its, its, its interest rates and trying to put the bank of england right at its highest,
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for 14 years. but in considerable pressure on everybody. but the policy makers in a couple of our time, i think we'll find that the honda is pretty much being forced by circumstance. and what was the impact of this for what is it likely to be well, i mean, any time the interest rates go up, it puts significant pressure on those people who are borrowing. we're talking in the u. k. for example, as around a 3rd of households, a half mortgages around 4000000 people, will see women and household, sorry. we'll see the mortgage rates go up. we are. the estimates are on 365000 could find themselves in difficulty as a result of an increase in their mortgage rates, their monthly mortgage rates. and for example, the average tracker got the figure here an average tracker mortgage which follows rates as they go up or down. compared to december of 2021, the average truckers now $394.00 pounds per month,
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more expensive. now to tie when wages have been relatively stable and stagnant. another time when food inflation, as we heard has been going up in the region of somewhere around 18 percent in the year to february. that kind of additional cost for ordinary household. it is an enormous burden for them to back. the other thing is, of course finance, car finance, businesses who are needing loans in order to invest it, putting them in, in real difficulty and from the banking sector as well. the dilemma that the bank of england faces is silicon valley bank credits rece, bear borrowing costs of also been increasing as a result of the interest rates going up and, and it's been putting some of those banks that have been dependent on cheap borrowing, putting them under real pressure, i po, thank you very much for that. that is paul van in with the latest life finance in london. thank you. moving on to other news now the world health organization has confirmed an outbreak of the marburg disease and parts of africa. at least 5 people
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have died in tanzania, and several cases have been confirmed. and equitorial guinea, the cases were confirmed and new regions of the country indicating a wider outbreak. there are no vaccines or anti virus treatments approved to treat the severe viral fever. this is feeling fears. it could spread further and the region with alarm sounding cameroon, and kenya. and we are going to listen and now on a world health organization address about marburg, let's listen and that of increase vulnerabilities may less people move away from their normal places of for, for home turning now to t b. tuberculosis on this boy, tibby day, the african region has achieved the 22 percent decline in your infection since 2015 . through our normative and supportive rollers, doug ritual. technical support,
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advocacy, and effective partnerships. the african region is low on the threshold of reaching a 35 percent t b reduction. there's been a done to 6 percent drop in t. v does. so we were hoping to hear something from the world health organization about the marburg virus. but i believe we might have missed it. so let's look at more in more detail about the virus. now, it is the marble virus disease or m b. d is a rare head, bridget fever. it affects both people and nonhuman primate. it's in the same virus family as a bowler. marburg has an average fatality rate of 50 percent, which varies in different strains. and the worst art break in angola in 2005, the fatality rate was 88 percent had killed. more than 300 people. that's bringing our correspondent, catherine's voice. she's joining us live from nairobi. so what more are you hearing
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about the spread the virus in equitorial, guinea and in tanza near katherine well let's start with pansy near where i have been speaking to health officials in that country. and what they're saying is that these 5 people who have been confirmed to have died, including a health worker, happened b, b, y, in an area in the north west. and what the government is doing now. they have deployed several medical personnel in that area. we are being told that 167 people have been isolated. they are being monitored. what is happening with the health workers in that area now is that there's a lot of public awareness going on. people are being a sensitized and a really deals and things like that and just being told about the symptoms that
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they can go to the hospital as soon as possible once they get they seem to know on the other and in west africa is in tauriel guinea 8 people have been confirmed to have the disease and again, the governments there and w h. all they are trying to putting, put in place this measures to make sure that the disease is contained and it doesn't spread any farther. and what about the situation and kenya, catherine, is it on alert? is it taking any steps? always hard from the minister here and there. there are concerns and it's not just kenya and other major neighboring countries as well, including wanda and you. 5 gunbar, so they are the measures that have been put in place. they the cleaning border
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screening that has been going on. so all these countries are on high a lot. this is a, b, b, this is a disease that is very, very contagious. so people and health work is here and the w 2 is saying that everyone has to move very quickly to make sure that the disease is contained or catherine. thank you very much for that, that catherine fully joining us with the latest live in my role. the thank you. still ahead on the new cell. i said it was dry. you don't miss it. don't miss it. the swelling prime minister urges voters to back a referendum that will recognize the nation's 1st people's struggle for watering parts of zambia. how some women walk long distances every day to fill their buckets and, and sport a meeting of to form a grand slam champions of the miami open andes. here with that story. ah,
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israel's parliament has passed the 1st of several laws that make off the governments controversial judicial overhaul that despite nationwide protests against the changes to the judicial system, the plan would limit the power of the supreme court. critics. they threatens democracy. hundreds of demonstrators, a blocking roads and protest. that's broken down correspondent among kahn. he's joining us from west rosalyn. so parliament passing the 1st of several laws, tell us about this law and run that, you know, critics say is really modeled to give benjamin netanyahu a pass that's exactly what people say. oh, the law that was passed the early hours of thursday morning suggest i might in fact not suggest that says that the attorney general cannot rule
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a prime minister regardless of what he's done unfit for office. this benefits prime minister benjamin netanyahu because he places 3 court cases currently or in the high court to, to do with corruption, allegations of corruption. so this actually effectively allows him to still stay in office regardless of what the outcomes of those cases are. it's one of the more controversial aspects of the judicial reform bill. but the other thing that's going on here is a, is really, we're very surprised because this was passed in the early hours of the morning. is this the judicial reform bill being passed by stealth? is it by passing at these reading public, you know, you, we see all of these protestors out in the street and can see the light pitches there from various parts of israel. protesters route in about 95 different locations. the moon has got bigger and bigger over the last 12 weeks. last saturday we saw about a 4500000 people out on the streets, but it doesn't seem to be having an effect in the kinessa. and that's because
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a promise to benjamin netanyahu coalition government does have a majority is very slim majority, but it has a majority. so it's able to pass the laws that it wants to pass. now is it going to pass the most controversial piece of the bill, which is the judicial over i bill, which means that the kinessa can overturn supreme court decisions, some supreme court decisions. that's the most controversial part built that still hasn't been read yet has got to the 1st reading needs get to a 2nd or 3rd to be passed into law. will that happen before passover, which has ran april the 5th. there's a lot of controversy as to when they will try and pass this law. now netanyahu is sticking to his guns. like i said, he has the majorities failed to pass it, but he still facing very stood opposition. all right, and ron and meanwhile, israel has announced restrictions on worship as entering the accent, mos compound during the holy month of ramadan. and tell us about that.
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well, they do this every year. there are restrictions that are put in place during ramadan, normally. and so he, it's men from york, i'd westbank, under the age of $45.00, the aunt allowed to visit the compound during the holy month of ramadan. this time, they're saying that men between the ages of 45 and 55 can enter as long as they have a permit for those permits are incredibly difficult to get. it's just another aspect of life under occupation in occupied is through slum in the occupied westbank used simply just have to play by the israelis rule and he's ready. rules change are very, very last minute. this was announced only on the eve of ramadan. what these rays are trying to avoid is the kinds of classes that we saw in 2020, in damascus, gay, unoccupied, east jerusalem when the, when in near nightly clashes between of the police there and worshippers. who felt that they weren't being given the freedoms that they needed to be able to go into like so most compound and prey. now the police,
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i've actually been briefing journalist saying that they've learned from those mistakes. the mistakes made in 2020 that they will allow people to browse to go to alex at. however, the police chief is man named it might have been a vague far right member of the coalition government. he's also very openly racist, and he wants to calm down as hard as he can on anything going on in damascus gate. so you have this disconnect between the national security minister who's effectively in charge of the police and the police. and that's where there may well be a flash point, and that's where we might see crashes occur because the simply mixed messages coming out to the people on the ground to the police on the ground. and man, thank you very much for that. and mon. com, the latest on both of those stories for us from west jerusalem. and we'll let stay with the 2nd of those stories were joined now by the and i was, i are the, the palestinian lawyer and the former minister of jerusalem affairs for the palestinian authority. and he's joining us live from occupied east jerusalem. thank
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you very much for your time on alexandra jordan is the custodian of the ox most compound, isn't it? so why does israel think it can and does make up these rules for who can access? as lam stood wholly aside during the holy month of ramadan, kelly, i don't ignore the wrong jordan. as a custodian is the only work and employee shows on on the case. and i'm sure that the job of writing policy, they say that jordan is the young john braxton's. they don't know that they continue letting their school for locks. for most those right is said that there is,
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but there was your freedom of ownership and the only branch has been generous, but the same time for them to come to visit the locks or even the other company got questions on christmas. so so this money on own question was who, who got the compound and how these rules implemented? we were hearing from correspondent and ron khan, who was talking about the minister for police and how that there was actually misunderstanding between the minister of police, israeli minister, felice himself, and the forces on the ground when it comes to these rules and how to implement them when we're listening to insurance president on dividing that into 2 categories out of the pool and there was bank about
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$2500000.00 in. yeah. and then on the inside you know whatever back they are allowed to come to jerusalem. all excited about 55 years on every scene and there was a man who has been the age of 10 years old and he is absolutely forbidden from and i've thought she is not able to reach a lot practice or shipping. and there's one thing inside of the palace jeans from jerusalem from time to time in both directions on the edge of the angel of locks. sometimes they
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say that anyone or do calling out sometimes there's anyone who has been said to use or not allowed. and sometimes the police or they choose embryo and ask him to give it to the police that you tell when it comes out from the most. so there's there's, it involved, right? the young, you know, come out, they find on them got a the good to asking for their id cards. and my time changed by the cards to the suspicion i measured because i did this kind of highest man meditation. so the people from going
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to make it a big problem, i decided not to go out using methods and then i'm practicing if the washer big the i was i a joining us from occupied east jerusalem there. thank you very much for your time on this. we do appreciate your european union need of the gathering and brussels for 2 days of talk. the united nations secretary general is also attending the meetings will focus on the e. you support for ukraine, the block, single market economy and migration 27 leaders from across the union are expected to join. well, it's bringing on correspondent dominant came. he's joining us live from that and then for talk us through the meeting. we mentioned some of what's on the agenda and for expecting anything. substances from the summer. dominic
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that's the key question here. what substances might emerge from this missing? well, we know from one perspective that's we're expecting the e u leaders to approve the distribution of ammunition to ukraine. that's something that's been in in the works as it were for some time, not particularly large amount, but something will be agreed. but there's also some sense some people have been suggesting that perhaps the meeting that took place in moscow between mister t c. and mister put in might to a certain extent overshadow this summit. well clearly those meetings, it between those 2 leaders happen very infrequently, whereas he, you summits happen very frequently. this is the, as it were spring summit, there are quarterly ease summits. what's interesting here ukraine is on the agenda . absolutely. as is the single market competitiveness energy, the energy crisis. but one of the things that is not specifically been said the
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being on the agenda, but we'll definitely come up. is the growing tension there seems to be between the french government and the german government. regarding certain key policies, the german government is particularly keen to see the use of e fuels being allowed spy, the european union beyond the year 2035. remember at the moment, the way things are then no new fossil fuel burning cars can be sold beyond 2035, the germans have real problems with that. and then from the french government, you have the, the feeling that they want nuclear energy to be classed as being green. well, in the german government, the green party plays a substantial role and they're not keen on that at all. so there is the official agenda taking place in brussels over the next 2 days. and then the undeclared unofficial agenda, which has some friction bennett dominic, thank you very much for that. that is that dominic cane, breaking down that summit for us live in berlin. thank you. washington of denying
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china statements that a u. s. destroyer has been forced from the south china sea on thursday. the chinese military said it drove the vessel away from disputed waters near the power cell islands. the u. s. navy says it's destroyed as continuing its routine operations in the area and hasn't been expelled. that's bringing katrina. yes. she's joining us live from beijing. tell us more about this incident. katrina, it's not the 1st of the kind, but it is coming at a time of height and tension between the 2 countries. isn't it? that's why it's certainly not the 1st time. we've had differing accounts from the u . s. in china about what happens in the south trying to see what is dangerous about the timing is that distrust and tension between washington and beijing are at an all time high and making any potential confrontation, extremely risky. now, according to trying to navy the u. s. guided missile destroy the 1000000,
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entered an area that aging cold she should by the parasol island illegally and commission. china's navy then monitored the ship and ultimately drove it away. and now it accuses the u. s. of causing instability in this region for washington has our statement saying that what the chinese say is false. and it says that the 1000000 continued to conduct what it says. a freedom of navigation, of operations in international waters. now much of the resource rich south trying to see it's claimed by beijing despite competing claimed by many of its ne visits building an artificial island and intensifying military activities in this region. the u. s. and other governments have accused of bullying and the area where this incident took place is about a 7 kilometer square kilometer area by the power island also claimed by taiwan and viet nam, now us has been subsequently building up its own presence in the inner pacific.
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its been focusing a new on that brianna recently did a deal with manila to build more military bases in the philippines. that's also agreed to supply australia with nuclear powered submarines. now they gene is watching this and sees this as in circumvented. it's called this encroachment of its own territory and as result, bating says it will do whatever it can to protect it. sovereignty katrina, thank you very much for that. that is katrina, you joining us live from beijing. indian opposition. politician ra gandy has been sentenced to 2 years in jail for defamation. in a 2019 speech, gandhi made references to prominence that in de morty and to fugitive indian businessmen all sharing the moiety surname and call them thieves. gandhi said, his comment wasn't against any community and will appeal against the ruling. prime minister modi's governing b. j. p said, nobody is above the law. as trail is prime minister has reveal details of a propos referendum that will give constitutional recognition to the nations
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indigenous people. anthony albanese 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. dishes, a morris request. i said, do i said it was dry. you don't miss it. don't miss it. so i want this done for indigenous australians, but i don't want it done for all a straight lines. 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, the astray you will be seen as a bit of notion as well by the rest of the world. that's just a fact was sarah clark reports. it's
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a step that's been years in the making. the cabinet has finally approved the wording that will go to the straining people in the referendum a life of this year. so the 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 toss right on the advisory body, it was an emotional prime minister. he did choke up when he delivered that it was very emotional. oh 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 stabbing in 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 if a strategy but yes, then the final wording that we just mentioned will be included in the constitution,
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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 has been months of debate and months of discussion, a lot of division. so i certainly was and start step towards this. and we do should know that the wording that was funny, approved by cabinet. it did not a minor tweak. the constitutional experts did suggest that it was a subtle but significant change, but were designed to win over some of those critics. well, let's take a closer look at the proposed panel or indigenous voice, which will have about 20 members who aborigine and torres strait island is. it will be equally represented agenda and age. among others, its role would be to, to advise parliament on issues affecting indigenous is trillions. for instance, indigenous australians make up a quarter of the prison population despise accounting for only 2 percent of the population. the critics mon, changing the constitution could allow the indigenous body to challenge government
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decisions in the high court. there are also concerns about how its members will be chosen. well, let's get more on this. we're joined by marcia langton, foundation chair of australian indigenous studies at the university of maldon. and she's joining us live from melbourne. thank you very much for your time on al jazeera. so indigenous people are already represented in parliament. i believe they, there are 11 indigenous lawmakers representing something nearly 5 percent of parliament, which is a higher percentage than the indigenous australian poppy population. so what would establishing this new entity do? the members of parliament who are aboriginal and torres strait islander are represent their electorates. they don't represent indigenous people. ah, and i represent the they party policies. they don't represent indigenous issues necessarily. although of course, some of them do
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a very good job of that from time to time, especially in this case in pursuing the proposal for an indigenous voice to parliament and the executive government. and can, can you tell us why last few miss lance and why do you think it is so important to have this voice? the last dark, 50 years. government after government have abandoned, ah, advisory bodies representative bodies made up of aboriginal entire stride on the paypal. ah, usually for political electoral purposes out and the inequity that indigenous people suffer in australia has become worse and worse and worse. and so we have a very unstable policy and legislative environment. and indigenous people have very
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little sy in the policies and laws that affect them. ah, most policies are imposed ah, and out. the results have been measured in the closing the gap reports which a table in parliament each year. we see almost no progress year after year on the key indicators and that it's not as and yet not all indigenous leaders support this move. i'm. we have got indigenous coalition sen, just send to pry, saying that the voice would only add racial division into the constitution. what do you say to that? ah, well, that's simply not true. and it's a, a very strange ah view of, ah, aboriginal and torres tried on the paypals. are we our cultural groups with our own languages? she a ascribes to the view that there are rices, we know that there,
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and i rice's, there's no scientific evidence for the existence of rices and so very 19th century view. ah, and, ah, i doubt that she understands the issues involved in typing that stance. there is, ah, racism. there is a great deal of racism in australia and the are that herb accusation of, of the voice causing racial division. okay, is a typical enter of the right and it is simply not true. we want recognition as the 1st people's and we want to be able to advise on on, well, we want our people from local areas to be able to advise on policies that affect their lives. and that will not be racially diverse. you been either way
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because it indigenous people are the poorest, the sickest, the most incarcerated. and i asked, i think much distractions, feel an obligation to fix these issues or, and have confidence that in an indigenous voice to parliament will play a significant role in that massey lankton joining us from melbourne there. thank you very much for your time on this. thank you, elizabeth. still ahead on the news our, the growing was of nigerians month after old bank notes abruptly band and replace of new ones. former u. k prime minister bonds, johnson answered questions in parliament and a hearing that could decide his political future. and in school to set back one of the title favorites at golf world match play championship. ah
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ah. hal i, we got some lovely, a 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, they'll be some sunshine by the will also be some showers, watch out for free rain post 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 wells into the west of scotland, northern other seeing some showers along with the republic of ireland. the latter 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 over the higher ground of but norway, but the central air is look at that lovely weather there. belgrade,
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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 whether 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 east side of the mediterranean. some of those shows also affecting the far north east of africa, but still very warm for kyra. ah, with thought the law a will. the law when with neither side, willing to negotiate is the ukraine war becoming a forever war is america's global leadership, increasingly fragile. what will u. s. politics look like as we had to the presidential election of 2024. the quizzical look us politics, the bottom line, or
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the u. s. federal reserve has raised interest rates and a bit to curb inflation as benchmark rate is now up to 5 percent the highest since 2007 as rails parliament has passed, the 1st of several laws that make up the government's controversial judicial overhauled. that's despite ongoing nationwide protests against the changes to the judicial system. critics, they, they threatened democracy, and another 8 cases of marburg, 5 as disease have been confirmed and equitorial gimme bringing the total to 9 from the outbreak was declared and february the disease killed 5 people and tens of near this week. my dear ills and formal economy is struggling because there isn't enough cash. a redesign of the local currency, as well as a record of old bank notes is being blamed. maybe half the population doesn't have a bank account. auckland address reports from connor goods arrive at the senior market by the truck,
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but with not enough bank notes since i q lation. traders are struggling to find buyers for their good. i'm other than what they are gonna be. i'm gonna cut on the won't be able gotten 30 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 . in october last year, nigeria central bank announced the redesign of the highest denominations of the local currency than ira. the bank then took the bank notes out of saturation to discourage their use. that's left millions of nigerians queuing it. banks foreman's desperate for the new note. there isn't enough money to go round commercial banks of such cash will go limits to just $20.00. sometimes they have no cash to dispense at all in formal trade mix up 60 percent of nigeria economy and most transactions take place in cash. i shortage of bank notes and unreliable money francois system
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are making life difficult, or small businesses. shoe more blames the government's monetary and fiscal policies for the collapse of his business. but it did a yeah, yeah, i get of ahmad at that. you validate, it's difficult to feed my family as we speak. i only have $0.50 in the shop. 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 psyche, elation until the end of the year. that was of to some governance to both the central bank and federal government to court. when the economy goes down and you need to activate it, you reflect it. not deflated. what's happened is lead to bulletin the economy and it is impacted negatively on the default economy sworn of dangerous ahead for an economy that's already st tool recessions in 8 years. once economies experience in
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this, it simply means that the economy could collapse at any time. and then before you ginger people to production like you to ticked up, 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 economic pay to millions of nigeria and small businesses. how many decrease al jazeera kernel nigeria? let's get more on this now. we're joined by wilson and women boy, a senior economist, the my jerry and economist summit goes and he's joining us live from london. thank you very much for your time on al jazeera. do you think that the supreme court order saying that the old notes must remain in circulation till the end of the year? is it going to help the economy recover from the shock at all? absolutely, i think that you know, the, the way to go and if you understand from,
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from what you've shown earlier, i mean, insurance. i'm going, i've been going through a lot in the last couple of months when this policy was introduced. ah, part of why did supreme court happens again was due to the fact that, you know, these governors, you know, so good federal government on the central ground on support. i did the saw that the old not should remain on. so what an insurance i looking for is how much of these notes can be pushed into circulation? if you will listen to the central bank, gordon on, on tuesday during the after the monetary policy committee meeting, we are sure that they're going to try to ensure that, you know, some of these on, you know, bottlenecks, that ease access to cash in our address. the government said that the move was to curb the use a fake? no, it's promote a cashless society. do you think that this is the way to do it? absolutely not. i think the approach the central bank has sticking right,
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has led to so many negative consequences. we've not niger hasn't, you know, according to the central bank, don't this kind of policy in the last 20 years. right. and then you just come over in october to see if this has to be done within 3 months, right? for something you've not done in 20 years, or you want to quickly implement that in 3 months. i think the, the timeline was really something that this should have considered also the fact that there are so many an insurance that are not under our own bank. financial inclusion is due on the exclusion is that, is that the 6 percent right? so that, that means there's so much pressure on the average range around on, even on the informal economy. so, so expectations are that, you know, in the 1st quarter of this year we should let you slow down in g d p growth as a result of the cost crunch. and why was the solid poorly implemented? and given that this is africa largest economy, there's so much at stake,
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not just the nigeria that for other countries still, i mean, you're mentioning that we're going to see a slow down of africa, largest economy because of how this has been implemented well, system or think one of the things that we really need to major use to condo policy up results right before policies are me, right? we need to know what the goal of the policy is to be very clear on the goal. because if you look at it, it shows that, you know, less than 2 percent of our g, d, p. you have currency in circulation that he lived on to percent of our g, right? even in our economies where you have very less informal activities compared to so nature, you have a case where, you know, cache the percentage of g p u in percent 20 percent. so it leaves us to wonder, you know, what, where do we go of the policy in the 1st place because of the economy?
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indicators are concerned. you know, you, you, i mean there is no need for us to rush, but to go on implementing this policy. and we also need to understand that you have a lot of people who rely on cash and you're wrong. we have a large amount of some estimates are like our use over 20 percent of the economy. some would say it's over 60 percent in such an economy, cost is really needed to do daily transaction. so putting so much pressure on you, raise your own businesses on household. i think it's something that we shouldn't have done in, in, in the 1st place, especially this is coming on to borrow an election period. and we also have a case where a d, a d o x energy position and for an extend got to be. so, i mean on the policy goes, i need it to be you know,
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review before making such that are all right, that is one of the 19 economists some good giving us life from london. thank you so much for your insight from there. thank you. more protests are underway in france against the government's plans to raise the retirement age. these live pictures of protests from paris. 2 2 students, they have blocked the entrance to the high schools, and the 9th day of demonstration union members across the country have been blocking morning traffic. president manuel call and defended his pension policy in a televised interview on wednesday. if the changes will be implemented by the end of the year, the former british prime minister balls johnson has told upon commentary committee, he never lied to m. p. 's about gatherings held at his official residence during code 900 lockdown. johnson's accused of deliberately misleading parliament, jonah, holler, reports from london. some have called it boris johnson's last stand. this colossal
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figure of british politics, demeaned under close questioning by a cross party committee of n p's. because of whatever this is variable and point i was whatever, whatever your interpretation of the guidance may be. what matters if i may respectfully say is what i believed to have been our efforts to follow the guidance why i thought that they were credible and, and wholehearted. and what i would ask you to allow of his next class course at issue here is whether johnson lied to parliament about lockdown parties in number 10, downing street. no, but i'm sure that whatever happened, the 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
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haunt that i did not lie to the house. johnson 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 believed 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 sooner was fined by the police for
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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 have 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, very small 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 of pm ejected as an m p. jonah hall al jazeera london. people in chile have marched to the capital santiago to mark world war to day organizes a hoping to raise awareness about clean water and sanitation. but un says 2000000000 people worldwide lack access to drinking water. well, let's hear now from the mother and zambia, who has to walk several kilometers every day to collect water. many of the sources
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of rivers and streams where the water is shared by animals and isn't safe for human consumption. you may thank you, scab and you. my name is peggy scott bungee i have 2 daughter license were living. casually milan the village of children do whatever i man that would dumb mand outages. 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 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 damn our neighbors fetch from pomp of zondaway, a faraway place with dangerous road. 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 die by get in. the water here is dirty and green
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people of god. this is how completely the water is a problem. and we really need help concerning this, walter probably, i doubt we have the sports news still ahead on the news. our the raining european football champions get ready to start the defense of their title. andy's here with that story. ah ah ah ah
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he's not considering international retirements, and if features against lichtenstein in his countries your 2024 qualify it will be his 197th game proportional. are now the attorney tied on 196 international appearances with former quite player by the almost holla, this will be portugal 1st game on the new coach, roberta martinez, regard of the actual record of the records it always positive is my motivation. as you know, i like to break records, but this is a special london being the most cat player in history. i have to confess, it's something that will make me very proud. but it's not just about this one game coming up. i would like to play many more international matches in the future. are writing european champions, literally kick off the qualifying campaign at home against england. it seemed they beats a win the title 2 years ago. italy failed to qualify for last year's world cup. england malay lost to france in the quarter finals in capital and haven't worn and international in italy for more than 60 years. we haven't won
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a since 961. so we're also it's another bit of history that we're trying to write down. and that's a great challenge for this thing because there's not been so many of those barriers in the past. so it's you know, i know it to the didn't qualify for the world cup, but they still have some outstanding players. and well, that leg fixed is likely to tighten rules around the participation of trans at gender women in female events, the sports decision makers are meeting right now in monaco. chuck and phil's global body says his preferred option is to use the limits on testosterone is the key determining factor covering both transgender athletes and both classified as d. s. d, those with differences in sex development. the most high profile d, as the athletes is double a big champion caster so many of south africa. she was unable to compete at the tokyo games jew to the current regulations. now the new rules, they're likely to further reduce the acceptable level of blood says,
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tossed around for an athlete competing in female events. other sports have different approaches. last year, world swimming effectively banned all transgender athletes from elite competition. now more she smith is a former us college swimming champion who now heads up in advocacy group supporting female athletes. she says that world athletics is failing all competitors with its current policy. what we're finding is that governing bodies are trying to find a way to accommodate male athletes in the women's sports category in every type of way that they can. i think it's a motivation to appease everyone. when in actuality it's failing. every athlete, you know, it's putting trans, identifying athletes in a position where they're targeted because of outrage over unsafe and unfair
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competition. and it's surrendering those opportunities for women and girls in the process. so everyone is really let down. we need to continue down this movement towards bear competition and inclusion of all women and girls in athletics and just protect the women sports category, war female athletes. birth. now canada's banker undressed. he won a contest between 2 former us open champions in miami, on rescue, beating emerald, a condo in 3 sets, with both players aiming to recapture the form that saw them lifting grand slam titles as teenagers. 22 year old and trask and winning the deciding settler 6th suits of aggress into the 2nd round. and one of the title favorites. so for the day one set back a goals world much play championship. well and but so john, ron bates, in here by ricky fowler at the events in austin, texas. the spaniard was the only player from the top 4 seats to lose defending
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champion. scottie scheffler, he won his opening match up against babies. riley the plays and groups of for, with only the group when a qualifying for the next round. finishing off davis riley. okay. more from me in a couple of hours time, but that is how your sport is looking for and id. thank you very much for that and that's it from me. elizabeth bron him for this news. our the do stay with as a rob matheson is back in just a few minutes but more of the days news. thank you for watching. ah ah. with
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whatever has been done before, it can be done even better as long as a human being is doing it. you can do it no matter how you possibly it looks. it's you to put in the effort to put in the lock and you also have to be patient with me . i am the captain, a sales in the a soccer team in kenya. and then we saw at the assistant which we are the only ice okey team in east in central africa. b as the ice rounds progressing pretty well. we had managed to play in some international games. then when koby gimme the ice rink was closed. and it's the only i think in the country it's a $1000000000.00 money known green operation for coal mafia is bigger than the company with financial institutions, regulators and governments complicit about with right. i've described that in a 4 part series. al jazeera investigative unit goes under cover in southern africa,
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pittsburgh. we can still 90 percent of the government once it's the fall and it's practically brand new building. part one on al jazeera, young women with a passion for space. i used to dream about working and it's just a small step of the science giant leap for women, kind in car gustavo, the but don't place it and hide it. and at the schedule time, the satellite would be centered to space women make science gift on space. school episode 5 on al jazeera ah yes, interest rates are now the highest in 15 years for the federal reserve.
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