tv News Al Jazeera March 23, 2023 2:00pm-2:31pm AST
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goes on the cover in southern africa, says burnett t consult 90 percent has developed once it's the following. it's perfectly brandon . good. part one on al jazeera young women with a passion for space. i used to dream about working in the school commer been here like now sound like the nasa, a small stuff, the science, a giant leap for women, kind in ca, gustavo, a dongle, place it and hide there. and at a scheduled time, the satellite would be centered to space. women make science, cargo fit on space school episode 5 on al jazeera o u. s. interest rates, and now the highest in 15 years for the federal reserve, battles, inflation all eyes. now in the bank of england to see if 8 score ways,
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interest rates as inflation, the source there, we're going to have a live updates. ah, i'm know about the senate. this is all 0 live from dell ha. also coming up, ethiopia as prime minister appoints a former senior to grey official to head of the northern regions, new interim government. the w h o confirms and outbreak of the mog bonfires disease up to 5 people died in tanzania, and cases are reported in equitorial guinea and more protests and israel as parliament passes. the 1st laws on judicial changes giving more power to the government ah, facing its worst financial crisis since 20 o h. the u. s. federal reserve has raised its interest rates. once again,
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it's benchmark rate is now up to 5 percent. that's the highest since 20 o 7. it's all part of efforts to tackle inflation and comes in spite of leasing banking turmoil in the united states. idaho. castro 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 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,
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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 deposits were uninsured. the big day, a financial news made for volatile trading on wall street with the dow and s and p
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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 2024 interest rate cuts could be expected. id, joe castro, al jazeera washington. meanwhile, interest rates in the u. k. could also go up on thursday. february is inflation rates 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 2 percent for poll brennan's johnny me now from london. paula,
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we are not getting any indications about which way the rates are likely gonna go out in the indications are very firmly that the rates are going to go up. and that's despite the hopes by the bank of england, by senior economist, that with inflation likely to drop during the course of 2023. that that, that the current interest rate of 4 percent would be enough to let that happen as a natural progression without the need for an additional increase. in fact, as we had, the in the inflation has gone up. it went up from 10 point one percent to 10.4 percent for the year to february. and that really has forced the hand. i think old the monetary policy committee of the bank of england, which makes it laugh once in about an hour. busy time from now, the expectation is that the interest rates will go up for an 11th consecutive monthly time. it will go to the high, it's already at the highest rate for 14 years, and it will likely go up from 4 percent to 4.25 percent. although we'll find out
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more as i say, one hour from now. so in terms of the real world, what's the impact of all of those likely to be if those rates do go up as you say, what it has impact on business? it has impact on personal borrowers. it also has a beneficial impact on savers to a certain degree, but looking at 4 o, as for example, here in the u. k alone, as about a 3rd of households, half mortgages, around 4000000 households will see their mortgages go up significantly as the results of a yes, another increase in interest rates. the estimates of some 365000 household's already insignificant. busy trouble as a result of the interest rate increases that we've seen already so far in the last 12 months. and when you also look at, for example, food price inflation, which is most recently running at 18 percent of the increase in the price of food going up 18 percent over the past 12 months. the pressure on people's budgets,
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people's household budgets is significant out to that, the cost of borrowing for businesses. we told him that things like caller and you told me about the borrowing money from banks in order to invest in your business. and it's having a kind of cooling effect on, on industry and business. and that's the dilemma. to a certain extent, the bank of england has increase interest rates too much to possibly tipton u. k. into recession. that's not actually the you that the bank of england concerned the bank of england remit is to look at inflation. it's the government's responsibility to look at recession. but nevertheless, the bank of england will have them in the corner of its eye as its making its announcements. paul, thank you very much. indeed, paul brennan, bringing you up to date from london. another 8 cases of mar, bug virus, have been confirmed over the world health organization in equitorial guinea that brings the total number of cases in the country to 9. since an outbreak was 1st
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declared in february, at least 5 people have also died of the disease in tanza, near the cases were confirmed in new regions of the country indicating a wider outbreak. there are no vaccines or antiviral treatments approved to treat the severe vidal fever, and this is fueling fears. it could spread further in the region, alarm sounding and cameron, and kenya, the marble virus disease or envy, is a rare hemorrhagic fever defense. both people and non human primates. it's the same virus family as a bullet marble, as an average fatality rate of 50 per cent, which varies in different strains. the worst outbreak in angola in 2005, the fatality rate was 88 percent. it killed more than $300.00 people. got, i'm sorry, is joining me now from ly. robbie: so if i understand correctly, marburg is present in certain parts of the african continent. what are you hearing about the spread of the virus in equitorial guinea in tanzania?
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well let's start with kenya, where i have been speaking to health authorities there in tanzania. and basically what they're doing is that they are deployed an emergency teams to that area in the northwest. um 5 people. as you mentioned, 5 people have died including a health, a worker, and what is happening on the ground now is a $161.00. people are being monitored. these are people who have come into contact with those who have died and their relatives are we have also been talking to help workers in that area who are going through who are undertaking these a house campaign, talking to community there about the disease and the symptoms and what to look out for, and also to make sure that they go to hospital as quickly as possible when they see
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this a symptoms. now, on the other end, you talked about it could tauriel guinea in west africa. we are being told that 8 people have been confirmed to. 7 have that disease again, the health work is there are trying to do whatever they can to make sure that his disease is contained within the area where it was broken out. now this is a disease, both countries rather have. this is the 1st time that they have had an outbreak outbreak of this, of this nature. so basically what they're trying to do is to make sure that these disease does not spread father beyond their countries. a guzman, i would imagine that that is one of the biggest concerns. there's no trying to contain this because of course, people will have memories in certain parts of the continent of the spread of a bowl that we saw a few years ago. and there must be great concern amongst governments of various
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countries about how to try to maintain some sort of control over this well, there are a lot of concerns, concerns, especially when it comes to neighboring countries here in kenya, for example, a health ministry. i was trying to deal with a situation. i and it's not just kenya and mean we talk about countries like uganda where you know, all over the neighbor, neighboring towns and yeah. so they are this out for a teeth cleaning of people on the border to make sure that everyone i, it does a do to make sure that everyone who has come in contact in some of these areas are screened. and also. 5 perhaps isolated if that happens, but then i mean, everyone really is concerned and they're saying that they are going to make sure
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that these disease does not spread. this is a very contagious disease. it has, you know, a bola scene symptoms since a boiler light seems symptoms and basically i, they're saying that, you know, a lot of this country the have suffered on, you know, i, bola in west africa and kenya and east africa as well. so they are trying to make sure that these disease does not spread. catherine, thank you very much. and that's catherine. sorry, talking to us from nairobi, nigeria, informal economy struggling because of isn't enough cash. a redesign of a local currency, as well as a recall of old bank notes is being blamed. every half the population doesn't have a bank account. auditors reports from con goods arrive of the senior market by the truck, but with not enough bank notes. and so i q, lation traders are struggling to find buyers for their goods. other than with
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another single cut on dogwood able that and 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 q lation to discourage that use. that's left millions of nigerians queuing it, banks, full months desperate for the new note. 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 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 are making life difficult for small businesses. shoe more blames
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the government's monetary and fiscal policies for the collapse of his business. but did, did it? yeah, yeah, i get of ahmad at that, evolved today. 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 psych elation until the end of the year. that was after some governors took both the central bank and federal government to court when they plan to meet those down and you need to activate it. you reflect it, not deflated. what's happening is led to bulletin the economy and it is impacted negatively on the default. economist warn of dangerous ahead for an economy that's already st tool recessions in ages. once economy's experience in this, it simply means that the economy collapse at any time and let
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before you ginger, people to production and 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 amik paid to millions of nigeria is in small businesses? how many degrees al jazeera can. now jerry, is, is parliament has passed the 1st of several laws that make up the governments controversial judicial overhaul that's despite nationwide protests against the changes to the judicial system. these are some of the live pictures from tel aviv. the plan will limit the power of the supreme court creating say it threatens democracy. hundreds of demonstrate as a blocking loads in protests among cons, joining the now from west of islam m, and tell us more about this 1st law that's been passed.
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well, it's a law that people say is designed to protect the prime minister benjamin netanyahu . the law, as it stands, stops, are the attorney general from declaring a serving prime minister as being unfit for office. now promised to benjamin netanyahu as cook cases against him that are going through the court system. at the moment the, he was very keen on pushing this law through because it allows him whatever the result of those cases. it allows him to remain as the prime minister. that angered the protesters and that led to the protest movement. you're seeing these light pitches now from a tel aviv at there are thousands of people out in the streets, 95 different locations across the city, across the country. robert, are people in protesting in early in the morning and they'll go on late at night, and then there's another protest on a saturday or that now these have been going on for 12 weeks. the 1st of these laws has now gotten through the 1st of this judicial reform bill has now gone through.
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that's likely to galvanized the purchase movement is likely to get more and more people out on the street. but remember, the big prize for the protesters is at the judicial override bill that allows the kinessa to override supreme court decisions. it doesn't like the protesters site that's on democratic. so that's really the big law. everybody is focused on. but this law is going to be very, very controversial for the protest. i suppose it was passed so late on the, in the early hours of a thursday morning there wasn't really a huge amount of a position to it because the government has this a tiny majority. it was able to push the vote through. so that's like as a seal, these people out in the streets were like he'd see more of those people out in the streets on saturday because of the way this government is trying to push this bill through. ok, let's move to another story in jerusalem where you are now. there are restrictions and worshippers entering the aisle. i some last compound in jerusalem. that's going
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to be during the holy month of ramadan. what are the details of that? well, this happens every year. there is always restrictions put in place by the israelis at this time. the restrictions are that men between the ages of 55 and 45 can apply for permit those permits are incredibly difficult to get, but they will allow you to get from if you get one from the occupied westbank into occupied east jerusalem. and therefore into the alex up mosque, a compound men, under the age of $45.00, from the occupied west bank simply aren't allowed to visit women and children are allowed to go. it always happens. this is what these rallies do. come to try and control numbers. they say, but really it's just another one of those facts of living under occupation in the west bank and occupied east jerusalem. it's just the way these rallies, control palestinians, and every movement of the palestinians can make. now,
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we have seen clashes in the past 2020 as you might well remember we saw clashes almost every single night at damascus gate against the police. the police say that they've actually learned from that, but they are not going to respond to minor infractions, which is what are we doing in 2020. and that they're going to allow a peaceful, a pilgrims to go into the most compelled. so what they're trying to do is in void escalation. remember in 2020, after those scenes at damascus gate, there was a war with hamas on garza. so they're trying to avoid a situation like that. the police, like i say, that's what they're saying. however, we do have the national security minister openly racist mary fall right? it the mod venga there who actually once a tougher line. so there's a disconnect there. let's see what the police actually do. and given what they're going to be asked to do by the national security minister, bring us up to date from wester, islam. m on can thank you very much. more protests are under way in france against
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the government's plans to raise the retirement age is a live pictures from paris, prisoners whom annual max long defended his pension policy. in a televised interview on wednesday, he said the changes would be implemented by the end of the year. dash o butler 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, settler, formerly in this free form, is necessary. i sadly see the french people. so if i don't enjoy doing this, but he's 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 you want to fight symbolically defying frances work in class, that if mr. mcgraw has highlighted his contempt for a part of the population through the contempt that was the hallmark of his pensions
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. bill frances trade union said the reform is unfair because it raises the retirement age by 2 years to $64.00 and will have a greater impact on poorer a 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 . it's not her just a, an education issue. it's all public services which are being really destroy,
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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 war 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 man al jazeera new paras. here the open government has a binder to senior official in the to greg people's liberation fun to set up a new interim to grier regional government. it's hard to read as a private, comes just a day after the t p l o f was removed from a list of terrorist organizations establishing a temporary government was a crucial part of the peace deal signed last year. that ended fighting between to ground rebels and government troops. the conflict as killed tens of thousands of people enforced millions more out of their homes. while the peace deal between the
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ethiopian government and the t p l f was signed in november last year that ended 2 years of war. the fighting started in november 2025 years or b, army de ordered a military offensive against the t p l. f. in response to what it says, what attacks on army basis, a government declared a truce in march last year to allow humanitarian aid entity drive. the u. n. had repeatedly called for an end to the violence, accusing both sides of committing war crimes. but after 5 months of relative come fighting started again in august, peace was finally reached in november by then more than 2600000 people have been displaced in use of drought and left millions without enough to ease. well, i'm joined by guitar to read the newly appointed head of the interim administration of the to guy region. he's joining us for mckinley so thank you very much. indeed for being with us. the problems that to, to guy is facing at the moment are, would be daunting for any regular government is the t p l. f is the interim
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government. confident that it is in a position to be able to handle the problems of malnutrition and homelessness. that the region hands were low, we felt confident with the right mix of support. ah, from other people, sir, from the federal government around it, that national community who will be in a position to her at the turn it on pan is quite obvious. and the amount of different fraction that has been wrote on not just infrastructure, but also the misery and a days and comics that that's, that's, that's a poll on the people to get. i always require that we not only coordinate all you put was national international level. so bring together all
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kinds of people who would have one way or what do you want about another continue to the elevation of the materials that people have to go to. and as long as we are ready to take up the challenge as long got that people who went to line up their support, it's with us. i don't think the problems we are facing out is her mom to, to try and fight as used to being in combat. many have deep seated feelings against the government and particularly of course, the military. how confident can you be that they're going to be able to put aside those feelings and actually walk alongside the government and the military that they've been fighting outright of good, happy people who were in the world simply for the fighting or for the shooting to address political grievances that we felt of the people we had to do right to, to, to,
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to fight for. and we also believe that peace is the best given at this point in time. and as long as they are political called in a peaceful manner. and we have reason to believe that of course, this can be address it in a, in a political dialogue. and then there is no reason why we should continue fighting it because we were not there. we were not in the fighting for the, for the sake of fighting there, because we had groceries we had to call us. and we have reason to believe that our call this could be addressed in a peaceful manner. and i don't have this like to know if that factors will be fully behind to be out if it's to, to, to, to, to sustain this and to get, to get back on track and rebuild it from ground up. the number of people that died as a result of the conflict, the 2 year contract that was between the t p. i left and the,
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the government. and the military is estimated as anything between tens of thousands and hundreds of thousands of people. what can you do to make people confident in your ability to actually run the country? can you actually persuade people after 2 years of conflict to trust you? what we are trying to do at this point is to get our people back on feet again. the amount of misery, the amount of destruction that has been born today is quite to norma. hundreds of thousands of people have been killed and infrastructure has been absolutely destroyed. and in terms of social services, what can i you still have 3 years ago? is, is, is quite history now, and we know the, we also find told us in the fact that our people are working,
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people who are committed to the extent that they have few issues with what we have achieved as a leadership. they still are confidence that with the right mix of support with the right to mix up admission of responsibility will be in a position to pick up where we live and stuff. and i have reason to believe that we have the full support the parties get into it as the re appointed head of the interim administration of the to get i region who's been talking to us from mckayla . that's it from me. raw madison. the news is going to continue here on al jazeera, after inside story, goodbye. ah hello, we got the rain clouds gathering across southern parts of china over the next couple
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of days more that cloud weather started to push its way across southern areas of the region. there this waving weather system, stretching up towards sea korean peninsula towards japan. a piece of rain around here for a time that will clear 3 brightest guys come back in behind. take you're not too bad. 25 degrees celsius, but there will be some outbreaks of rain at wet weather will be heaviest across southern parts of china through friday and going on into sad stay some big and foundry down pause could lead to a little bit. a localized flood is certainly something to watch out for here, right. stretching back up to was at eastern side of honshu tokyo, a little cooler than at around 17 celsius 70 celsius in the sunshine. therefore soul, it will be fine and dry. and notice how is cooling off in a bay ging, we'll see some color and where to weather to coming into the far north west of india. a nasty little system rolling across the northern half of pakistan that's knocking the temperatures back here. as well. really heavy downpours,
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orange warnings in force here. actually. so certainly something to keep an eye on as we go on through friday night is a little further east, which as we go on into sat day, i think all parts of india could catch a shower by the weekend. ah, 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 presence of visceral yet infamous insight. through the eyes of a whistleblower and the patriotic military commander witnessed presents. this is congo on a jesse, you know, china as president says his country in russia, a driving geopolitical changes globally. she and bang has been in moscow and i showed some.
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