this is bbc news. i'm vishala sri—pathma. our top stories — us regulators have shutdown silicon valley bank. it's the biggest banking failure since the 2008 financial crisis. the bbc�*s star football presenter gary lineker has been suspended over social media comments he made criticising the british government's asylum policy. as editor—in—chief of the bbc, i think one of our founding principles is impartiality, and that's what we're delivering on. asylum policy was centre stage at a leaders�* summit in paris, where the uk promises france hundreds of millions of dollars to deal with illegal channel crossings. one of the strongest storms ever recorded in the southern

hemisphere ripped through madagascar twice and now heads to mozambique for a second time. it to mozambique for a second time. , ., , ., ~ time. it may have broken the record as _ time. it may have broken the record as the _ time. it may have broken the record as the longest - time. it may have broken the record as the longest lasting| record as the longest lasting cyclone in history on record. it has been named tropical cyclone now for 33 days. —— a named tropical cyclone. hello and welcome to bbc news. we start in the us, where regulators have shut down silicon valley bank — one of the major lenders to tech companies and start—ups in what's the largest banking failure in the us since the 2008 financial crisis. our north america tech correspondent james clayton has been explaining how it happened. well, this is one of those days that will go down in silicon valley history and it's certainly one of the most stressful days

for silicon valley founders in modern times. we've spoken to people today who have been able to withdraw their money from silicon valley bank and some who haven't. one person i spoke to earlier said they put in a wire request yesterday. they waited nearly 2a hours and eventually found out they had got the money out. but we spoke to another person, who says they have tried and tried and tried and they simply haven't been able to withdraw any funds. they said they actually physically came down to one of these branches to try and get the money out. it's been an incredibly stressful time if you're a start—up. now, the federal deposit insurance corporation has essentially taken over this bank and they are literally in there now advising customers what to do, and the hope is is that they will be able to withdraw their funds on monday, but that is no certainty around that claim at all and when you speak to people who haven't been able to get their money out, it is a time of deep, deep concern. they may well not know for another 48 hours

whether that money has completely evaporated. and there's another worry, too — that this isn'tjust a local story about start—ups, that this could spread to other banks across the world. tech reporterjames clayton reporting from silicon valley. we can now speak to an economics professor. thank you forjoining us. with regards to what has happened with silicon valley bank, what has happened and clearly it is a time we have just had a and clearly it is a time we havejust had a big error of low interest rates and now they are starting to creep up. i think it is a combination of things. the first thing is the fed started to raise rates and raise them rapidly, thinking there was not going to be any fallout that was almost inevitable. the place that really hit hardest was in the

tech sector and it would not take a genius to work out but if the tech sector is in trouble and the central bank is raising rates, banks that lend to tech companies are likely to be in trouble. and that's really where we are, not least because these banks that we are looking out, it is one bank, the silicon valley bank and there are others that we worry about, but they really have not those of biker for have not diversify their portfolios and put their money in crypto and start—ups in the high—tech sector so they are vulnerable but listeners, — i was listening and it reminded me exactly of what happened at northern rock. on the monday, the bank started to lose money and essentially, the website crashed on wednesday and the chancellor of the exchequer had to work out, he has to do something over the weekend because the bank is going to have to open and markets will open on monday and i think that's the really big deal.

what is the fed going to do over the weekend, remembering the story you just had was yes, the story you just had was yes, the fdic, the insurance of deposits are only up to 250,000, and over that we don't know what will happen. they may or may not get their money back. but the danger is this sector dominated going and there's panic the world, hopefully it won't happen. but is there a _ hopefully it won't happen. but is there a genuine concern about that because as you say in terms of diversification, and that's when i bank perhaps as investments and assets in loughran before lots of different part, —— assets in lots of different parts, but will happen in 2008. are we looking at a similar scenario? in some sense we have seen is the big banks especially made very liquid. they've been told to diversify their portfolios. but these are somewhat smaller banks, under $250 billion in assets, quite a lot of money, but they are much less

regulated and under donald trump regulations were reduced. in fact, one person pushing hard for it was the ceo of this bank! so these are not so subject to regulations. the reality is the central bank and the treasury janet yellen and jay powell have got to spend this weekend making sure that panich does not break out, that things are done over the weekend so hopefully they are working feverishly ——panic. remember what happened in the uk to northern rock stop yes. no deposit insurance at all and on monday morning alistair darling announced all deposits within northern rock were guaranteed. and just got back the danger with northern rock was people were stood outside the banks, lined up to try to get their money out so the worry here is hopefully it won't happen and we certainly don't want to spread panic but what we learned in 2008 was banks in florida were connected to banks in london and in germany and injapan and everywhere else in the world so the worry is that this is a

domino that will develop. irate domino that will develop. we need to absolutely dogma crosstalk.— need to absolutely dogma crosstalk. , , , crosstalk. this briefly, will this impact — crosstalk. this briefly, will this impact the _ crosstalk. this briefly, will this impact the trajectory - crosstalk. this briefly, will| this impact the trajectory now of interest rates because as you say the governor of the central bank in the usjay powell is going to have to discuss this situation this weekend. discuss this situation this weekend-— discuss this situation this weekend. ~ ., , ., weekend. the thinking was that rates would _ weekend. the thinking was that rates would continue _ weekend. the thinking was that rates would continue to - weekend. the thinking was that rates would continue to rise? i rates would continue to rise? well, markets are already prizing in rate cuts later in the year. it looks certainly that most of the things that the fed has been saying are really unlikely to be true. we saw unemployment today rising by 0.2. it's worrying. i think the answer is markets are not really going to expect to see the fed basically raising rates. inflation is already coming down and the danger is it was always a danger when the fed kept saying all is fine and don't worry and we can raise rates and we will be fine and all the architecture we put in place is fine and now this is the first step suggesting that

is not true. they cannot afford a second one but there were three or four other banks over the last few days and banks around the world have been impacted so the worry is this is a thing of dominoes with one falls and the danger is the rest go and i don't want that to be true but we need to be watching that story and monday will be crucial. irate watching that story and monday will be crucial.— will be crucial. we will be watching _ will be crucial. we will be watching that _ will be crucial. we will be watching that closely, - watching that closely, professor danny blanchflower joining us. the bbc�*s highest—paid presenter gary lineker has been suspended from the corporation's flagship football show after he compared the british government's language on migration to that of germany in the 1930s. the broadcaster, which has strict impartiality guidelines, said the former england footballer would remain suspended until an agreement was reached over his social media use. in a show of support for gary lineker, both studio pundits and all six commentators have pulled out of saturday's programme in support. our media correspondent david sillito reports. we've got big games... gary lineker, for more than 20 years, the face of match of the day. but not tomorrow.

he's been taken off air by the bbc and his co—presenters alan shearer and ian wright will not be appearing either as a mark of solidarity with gary lineker. the reason? these tweets in which he described a statement about immigration policy by the home secretary as "beyond awful". he then went on to say it was "immeasurably cruel" and the language used not dissimilar to that used by germany in the �*30s. the corporation says this breaks their guidelines on impartiality and in a statement, said: if gary lineker breached the guidelines, why didn't you sack him? i think we always look to take proportionate action, and that is what we have done. but have you kicked it further down the line? aren't you delaying the inevitable? well, i don't want to add to the statement. i think we had very constructive discussions.

the statement is very clear and that's where we are. as editor—in—chief of the bbc, i think one of our founding principles is impartiality, and that's what we're delivering on. this is not what gary lineker was expecting. only yesterday, he said he was not fearing suspension... do you fear getting suspended? no. ..and he was looking forward to presenting this weekend. one of those furious with the bbc is alastair campbell, who now has a podcast produced by gary lineker�*s production company. i think this decision is driven by an utterly craven political cowardice at the top of the bbc and that is what has led to gary lineker — and this thing about you know stepping backwards, let's be absolutely frank about this — gary has been — it's been pretty made clear to gary lineker, i would imagine, he's not going to be presenting match of the day because he is not toeing the line. the bbc says it would like to resolve this, but gary lineker has given no indication he's going to be silenced and he's not bound by the strict rules covering news —

but there is a clause in the rules, saying if you have a high profile, there is an extra responsibility. if you allow the most highly—paid presenter on the bbc to breach the guidelines in a way that the bbc says he has, then why should anybody else who is paid less obey the guidelines? and the bbc has to be impartial and perceived to be impartial. and for the bbc, there is another issue hanging over it — its chairman. there is an ongoing enquiry into richard sharp's role in a loan made to borisjohnson which has raised many questions about his appointment and impartiality. but this weekend, it's all about gary lineker with presenters lining up to say they won't be replacing him. match of the day will take place tomorrow with no presenters and no pundits. britain has almost doubled the

amount of money it will pay to france to stop migrants crossing in small boats. the deal was agreed at a summit in paris between rishi sunak and emmanuel macron. heading overseas by train, the early service to france, arriving in the courtyard of the elysee palace... is france a friend or foe, prime minister? ..a reminder that relations have been bumpy of late. but look at this — a warmth in the parisian breeze, pleasantries and handshakes, arm in arm, hand in hand. the two leaders met for an hour and 20 minutes, although we were eased out rather sooner. later, they almost gushed in mutual admiration. i believe today's meeting does mark a new beginning, an entente renewed. speaks french. the french president said

the summit was exceptional and a moment of reunion, of reconnection. and the prime minister set out why they thought a new deal for dealing with migrants was necessary. emmanuel and i share the same belief — criminal gangs should not get to decide who comes to our countries. within weeks of my coming into office, we agreed our largest ever small boats deal and today, we've taken our cooperation to an unprecedented level to tackle this shared challenge. today's new deal will see more than double the number of personnel deployed here in northern france. this will be paid for in part by the uk, more than doubling its annual funding for this. some of the money will help build a detention centre in france, too — although it won't be fully up and running until the end of 2026. all part of the efforts to cut the number of people trying to cross the channel like this. the same question to

you both, if i may — do you think you'll ever be able to arrange a deal where migrants leaving france for the uk are returned to france? what you've seen today is an unprecedented level of cooperation on tackling this shared challenge — �*cause that's what it is, it's a shared challenge — and going forward, there will be more that we can do. we started that last november. we've built on it today. first, i think we focus on what we have to do in the short run. second, this is not an agreement between uk and france, but an agreement between uk and the eu, because dublin agreement are no more in a situation to be implemented. so this is something now to be negotiated. in other words, a returns agreement isn't happening. brexit has been something of a stone in the shoe of uk—france relations for years but the prime minister hopes he has shaken it out with his personal relationship with the president and that new brexit deal for northern ireland which has improved relations with the european union.

but on the issue of small boats, rishi sunak acknowledges there is no simple solution to resolve the issue — and remember, this is one of his key promises, resolving the issue. personal relationships aren't everything in diplomacy, but they do matter. bromance under a shared brolly tells you rather a lot about how things have changed. but ultimately it's what it delivers that really matters. chris mason, bbc news, in paris. stay with us on bbc news. still to come — how a gang stole £10 million of british taxpayers' money and we have a report on that, orso money and we have a report on that, or so later we will be looking at a storm heading to mozambique for a second time.

the numbers of dead and wounded defied belief. this, the worst terrorist atrocity on european soil in modern times. in less than 24 hours, then, the soviet union lost an elderly sick leader and replaced him with a dynamic figure 20 years his junior. we heard these gunshots in the gym _ then he came outj through a fire exit and started firing at our huts and. god, — we were all petrified. james earl ray, aged a1, sentenced to 99 years and due for parole when he's 90, travelled from memphis jail to nashville state prison in an eight—car convoy. paul, what's it feel like to be married at last? it feels fine, thank you. what are you going to do now? is it going to change your life much, do you think? i don't know, really — _ i've never been married before.

this is bbc news, the headlines: silicon valley bank, shut down by us regulators. the largest banking failure since 2008. several pundits and commentators refused to appear on the bbc�*s flagship football programme this weekend after its star presenter gary lineker is suspended for social media comments on the is suspended for social media comments on the uk is suspended for social media comments on the uk asylum is suspended for social media comments on the uk asylum see policy. iran and saudi arabia has agreed to re—establish diplomatic relations after a seven—year interruption, but also security and trade relations and reopening respective embassies within two months. the discussions have included praising the role, the

countries have had no formal ties since 2016 one the embassy in tehran was attacked following the saudi execution of a michael carrick. we speak to the middle eastern expert from washington. thank you for a hugely significant moment. how did they get here? it is an important _ how did they get here? it is an important moment _ how did they get here? it is an important moment but - how did they get here? it is an important moment but not - how did they get here? it is an important moment but not an l important moment but not an unprecedented thing for the saudis and iranians to have chromatic relations. as you mentioned it has been seven years. —— diplomatic relations. i think both countries have wanted to, for their own reasons, to deescalated. the saudis have certainly sought better relationships with the iranians because they are vulnerable to proxy drones. the iranians want to deescalated

because they believe that the saudis in cooperation with the united states, the israelis and others have acted aggressively towards iran in the region and this is a way for tehran to essentially try to at least kick off the saudis from the coalition.— kick off the saudis from the coalition. �* ,., , ., coalition. and so in terms of next steps — coalition. and so in terms of next steps and _ coalition. and so in terms of next steps and changes - coalition. and so in terms of next steps and changes that | coalition. and so in terms of. next steps and changes that we will see, how do you think this will see, how do you think this will impact the sort of wider region? i'm not sure it is going to impact the wider region in broader geopolitical terms. i think the israelis will be worried about any step to bring the iranians in from the cold, but as i mentioned it is not unprecedented for the saudis and iranians to have diplomatic relations. and of course there is still a two—month roadmap to fulfil before those diplomatic relations are implemented, and what can happen. the iranians have a history of not fulfilling their promises so we will see what happens. but, broadly speaking, it strikes me

that this is not a kind of geopolitical earthquake, this is not an alignment between saudi arabia and iran. a lot of people will be looking for some thinking, it is interesting that china has been involved in brokering the deal because traditionally were saudi arabia you think of the united states — did that have been? thatis been? that is quite right, i think thatis that is quite right, i think that is probably the most interesting aspect of what has happened here, the chinese took a leading diplomatic role. i think this is the first time the chinese have played this role, i think it reflects the fact that china has significant economic interests in both saudi arabia and iran, most of its oilfrom the saudi arabia and iran, most of its oil from the goal comes from those two countries including from the united arab emirates, and it also reflects that fact that i think the saudis — and others in the region — believe this century is actually going to be a chinese entry. yes. there is also the fact that saudi arabia's relations with the united states haven't

been very good as of late. we will be following this closely, thank you, stephen, johnny is from washington. officials in the german city of hamburg say the man who shot and seven jehovah's hamburg say the man who shot and sevenjehovah's witnesses at a meeting on thursday was a former member of the religious group. he was shot shortly after a police specialist unit stormed the building. in the quiet of a suburb, a man prepares to kill. caught on a mobile phone as he peers through a window, readies his gun. inside, jehovah's witnesses had gathered to worship. oblivious to his presence, his intentions. gunshots shouts translation: i was filming - with my phone and only realised through the zoom that someone was shooting at the jehovah's witnesses. by the time police arrived, he was inside, a deadly rampage

under way — but then he turned his gun on himself. it's emerged he once belonged to this community, but he'd left the jehovah's witnesses on bad terms. translation: it's a horrible act, a very cruel deed. - we've seen a few things in hamburg, but a mass killing on this scale is new to us. we knew it from tv, but we didn't imagine it could happen in our city. and he brought terror to these streets. casualties rushed to safety, no time for stretchers. at this point, no—one knew whether he was acting alone. by first light, a terrible tally — seven people shot dead, among them an unborn baby. bodies brought out as investigators scoured the building. revelations emerging, too. police confirmed they once investigated and dismissed

a tip—off that the attacker, who legally owned a gun, was mentally unstable. this is a city in mourning, but it's a country in shock, too — shock which deepens with every fresh, distressing revelation. and one question persists here — why? jenny hill, bbc news, hamburg. people in coastal mozambique are moving into shelters as the country braces for cyclone freddy to head for a second time. the storm is due to make landfall in coming hours, it formed 33 days ago. experts say it is on course to set a new record as the longest lasting tropical storm. tim allman reports. freddie has been a fearsome, freddie has been a fearsome, freddie has been persistent. for weeks it has rattled around

the indian ocean, weakening and then strengthening, causing chaos and its wake. and if you thought freddie was calling it quits, think again.— quits, think again. tropical c clone quits, think again. tropical cyclone freddy _ quits, think again. tropical cyclone freddy is - quits, think again. tropical. cyclone freddy is continuing its incredible and its dangerous journey. its incredible and its dangerousjourney. it may its incredible and its dangerous journey. it may have broken the record as the longest lasting cyclone in history on record. it's been named a tropical cyclone number 33 days. efforts made landfall in mozambique and madagascar last month. thousands were affected, the storm bringing lots, damaging homes and crops, ringing —— causing at least 30 days. it is believed climate changes making these events wetter, windier and evermore intense. freddie has travelled more than 10,000 kilometres, it has generated is much accumulated cyclone energy as an average

north atlantic hurricane season. this is on storm. officials are warning that more than half a million people are at risk. according to mozambique's national to management acnc last time cyclone freddy washed away roads, flooded homes and schools. how the slow—moving storm is sucking up even more moisture, so the rainfall will be even heavier. cyclone freddy could be even more dangerous the second time around. tim allman, bbc news. king charles ii! has made his youngest brother prince edward the new duke of edinburgh, the title strongly associated with the other prince philip who was duke of edinburgh for more than 70 years until his death in 2021. prince edward will hold the title for his lifetime. and you can reach me on my socials, twitter and instagram. get in touch about any of the stories we have covered today. thank you for watching.

hello. snow has been dominating the weather story over the past few days and whilst it does turn milderfor many through the weekend, there is still snow in the forecast for some. it's a cold, frosty and icy start to saturday for a large swathe of the uk. temperatures for some down to —10 or —11 celsius, particularly where we have seen the snow. for many on saturday, it's mainly dry particularly the further east you are. more snow moving into northern england and scotland, and for many it will turn milder through sunday. this is how saturday shapes up, a good deal of sunshine for many through the morning, but you'll notice cloud gathering across northern ireland, wales and south—west england, some outbreaks of rain and hill snow here, maybe a few showers across the far north of england and into southern scotland, likely to be snow particularly

over the higher ground. but for many it is dry, the better sunshine the further east you are, temperatures generally between three and 7 celsius, could see ten, 11, 12 celsius across the far south—west of england. rain and snow moves its way north and eastward through northern england into scotland overnight, behind it we will see clearer skies and also some milder air, so actually frost and ice—free for a large swathe of northern ireland, england and wales as we head into sunday morning, still cold, frosty and potentially icy for the north of scotland. so this is sunday, another atlantic system moving in — notice the squeeze in the isobars, so the winds will be strengthening through the day. once again a good deal of sunshine to start, but rain will soon move in to northern ireland, into north—west england and scotland, moves into northern scotland. might see some snow here but once again the further east you are likely to stay mainly dry. but with the winds strengthening all the while and feeling milder for many, particularly for england and wales,

we could get into double figures but on the cold side, particularly for the far north of scotland. so through sunday into monday, here is our atlantic system sweeping its way across the uk. again, those isobars really close together, and we could potentially see some gales across the southern half of uk through monday. certainly an unsettled start the week with bands of showers or longer spell the rain working north and eastward, could still see a little bit of snow over the highest ground in scotland. but it's a mild start, much milder start to the new week, but it doesn't last long because on tuesday some colder air starts to dig back in, and further rain to come in the week ahead. bye— bye.

this is bbc news. the headlines: us regulators of shutdowns a silicate silicon valley bank after ran into financial trouble. valley bank after ran into financialtrouble. it valley bank after ran into financial trouble. it is the largest banking failure in the united states since the financial crisis of 2008. fellow broadcasters and commentators have said they won't work on the bbc�*s flagship sports programme this weekend after its presenter gary lineker was taken of presenting duties after online criticism of the government public policies. and cyclone freddie is on course to set a new record is the longest lasting tropical storm. it has

left mauritius and