welcome to bbc news. us regulators have shutdown silicon valley bank, 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 in paris, where the uk promises france hundreds of millions of dollars to deal with illegal channel crossings. missing the warning signs, officials in germany say police spoke to the suspect in thursday's hamburg shooting

a month before the attack. one of the strongest storms ever recorded in the southern hemisphere rips through mauritius and madagascar twice and is now heading for mozambique for the second time. it may have broken the record as the longest lasting cyclone in history, on record, it's been a named tropical cyclone now for 33 days. hello to our viewers on pbs and around the globe. we start in the us, and regulators have shut down silicon valley bank, a major lender to tech companies, after it ran into financial trouble.

worries triggered a sell—off on global financial markets. it's the largest banking failure in the us since 2008. james clayton has been explaining how it happened. this will go down in silicon valley history, certainly one of the most stressful days for silicon valley founders in modern times. we have 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 said they put in a wire request yesterday, they waited nearly 2a hours and eventually found that they had got the money, but we spoke to another person who said they have tried and tried and tried, and they simply haven't been able to withdraw any funds. they said they physically came down to one of these branches, to try and get the money out. it's been an incredibly stressful time if you are a start—up. the federal deposit insurance corporation has essentially taken over this bank and they are literally in there now advising

customers what to do. the hope is 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 not know for another 48 hours whether that money has completely evaporated. and there's another worry, that this isn'tjust a local story about start—ups, and it could spread to other banks across the world. i asked danny blanchflower what he thought was happening in the us banking sector considering it vertebrates were creeping up. i it vertebrates were creeping u -. ~' it vertebrates were creeping u . _ ~' �* , ., it vertebrates were creeping up. i think it's a combination of thinqs- — up. i think it's a combination of things. first _ up. i think it's a combination of things. first thing - up. i think it's a combination of things. first thing is, - up. i think it's a combination of things. first thing is, the | of things. first thing is, the feds started to raise rates rapidly thinking there wasn't going to be any fallout, and that was almost inevitable. the

place it really hit hardest was in the tech sector, and it wouldn't take a genius to work out that 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... it's one bank, silicon valley bank, but there are a few others we are worried about, they haven't really diversify their portfolios, they put their portfolios, they put their money into crypto and start—ups in the high—tech sector. so they are vulnerable. listening, it reminded me almost exactly of what happened with northern rocks. 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's got to do something over the weekend, because the banks and markets have to open

on monday. i think that's a really big deal. what is the fed going to do over the weekend? the story you had, yes, there is federal insurance and deposits, only up to 250,000... overthat, we and deposits, only up to 250,000... over that, we don't know what's going to happen, they may get their money back, they may get their money back, they may get their money back, they may not. but the danger is this sector domino goes and there is panic around the world, but hopefully that won't happen. figs world, but hopefully that won't hauen. a world, but hopefully that won't ha..en_ , world, but hopefully that won't hauen. happen. as you say, in terms of diversification, _ happen. as you say, in terms of diversification, when _ happen. as you say, in terms of diversification, when perhaps i happen. as you say, in terms of diversification, when perhaps a | diversification, when perhaps a bank has investments and assets into lots of parts, that has changed considerably since 2008. are we looking at a similar scenario?- 2008. are we looking at a similar scenario? well, we are in some sense. _ similar scenario? well, we are in some sense. we _ similar scenario? well, we are in some sense. we have - similar scenario? well, we are in some sense. we have seen | in some sense. we have seen banks, the big banks especially, have been made very liquid, they have been told to diversify their portfolios. but these somewhat smaller banks, under 250 billion in assets,

it's quite a lot of money but they are much less regulated, and undertrump, they are much less regulated, and under trump, regulations were reduced. one of the people pushing hard for it was the ceo of this bank. so they are not so subject to regulation, but the reality is the central bank and the treasurer dunnett yellen and jay powell over this weekend have to make sure panic doesn't break out and things are done over the weekend. hopefully they are working feverishly. know what happened in the uk to northern rock. there was no deposit insurance at all, and on monday morning alistair darling announced that all deposits were guaranteed. the difference with northern rock, actually people stood outside the banks, lined up to try and get their money out. the worry here, certainly don't want to spread panic, but what we learned in 2008 was banks in florida were connected to banks in london and germany and japan and everywhere else in the

world, so the worry is this is a domino that will develop. just recently, professor, will this impact the trajectory now of interest rates? as you say, the governor of the central bankin the governor of the central bank in the united states, jay powell, will have to discuss the situation this weekend. the thinking was that rates would continue to rise.— continue to rise. markets are already pricing _ continue to rise. markets are already pricing in _ continue to rise. markets are already pricing in rate - continue to rise. markets are already pricing in rate cuts i already pricing in rate cuts later in the years. it looks certainly that most of the things the fed have been saying are unlikely to be true. we saw unemployment rising today by 0.2, which is worrying. markets are not going to expect to see the fed raising rates. inflation is already coming down, and the danger is, there was always a danger when the fed said, it's fine, we can raise rates, all of the architecture is fine, and now this is the first step

suggesting that isn't true. that was the feta danny blanchflower speaking earlier. —— professor danny blanchflower. 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 bbc has strict impartiality guidelines and said the former england footballer would remain suspended until agreement was reached over his social media use. in a show of support for gary lineker, pundits and commentators have pulled out of the programme on saturday. 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, won't 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, 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, the bbc has decided that he will step back from presenting match of the day until we've got an agreed and clear position on his use of social media. if gary lineker breached the guidelines, why didn't you sack him? we always look to take proportionate action. have you just kicked it further down the line? i don't want to add to the statement. i think we had very constructive discussions. the statement's 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 are delivering on. this is not what gary lineker was expecting. only yesterday he said he wasn't 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 stepping backwards, - let's be absolutely frank- about this, gary has been made clear to him i would imagine, he is 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 is 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 i the guidelines in a way that the bbc says he has, - then why should anybody else, who's paid less, -

obey the guidelines? and the bbc has to be impartial and perceived to be impartial. i and for the bbc, there is another issue hanging over it — its chairman. there is an ongoing inquiry 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 will not be replacing him. match of the day will take place tomorrow with no presenters and no pundits. britain will more than double the amount of money being given france in the next two years to pay for help years to pay for help on migrants crossing the channel in small boats. it was agreed in paris between rishi sunak and emmanuel macron.

chris mason reports from paris. heading overseas by train, the early service to france, arriving in the courtyard of the elysees palace... is france a friend ori 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. 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, because 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 to be in 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. teachers and pupils are warning of the dangers of vaping after reports of a big rise in those under 18. the numbers of dead and wounded defied belief. this, the worst terrorist atrocity on european soil in modern times. in less than 2a 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 from the gym, then they came out firing. god, we were all petrified.

james earl ray, aged 41, - sentenced to 99 years and due for parole when he's 90, i travelled from memphis jail to nashville state prison in an eight—car convoy. i 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. the headlines. silicon valley bank, a major lender to tech companies, is shut down by us regulators, the largest banking failure since 2008. several pundits and commentators refuse to appear on the bbc�*s flagship football programme after its

star presenter gary lineker is suspended for social media comments on uk asylum policy. officials in the german city of hamburg say the gunman who shot dead seven people at a jehovah's witness meeting hall on thursday was a former member of the religious group. it's believed the attacker killed himself shortly after a specialist police 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. translation: l 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 that 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. iran and saudi arabia have agreed to re—establish diplomatic relations after seven years. they will also resume trade and security relations and reopen their respective embassies within two months. the announcement came after discussions in china. both times have praised beijing's role, the two countries have had no formal ties since 2016 when

riyadh's embassy in tehran was attacked after the attack of a shia cleric. people in coastal mozambique have been moving into shelters as the country braces for cyclone freddy to hit for a second time. the storm is due to make landfall in the coming hours. it formed 33 days ago and experts say it is on course to set a new record as the longest lasting tropical storm. freddy has been fierce and freddy has been persistent. freddy has been fearsome and freddy has been persistent. for weeks, it has rattled around the indian ocean, weakening and strengthening, causing chaos in its wake. and if you thought freddy was calling it quits, think again. tropical cyclone freddy is continuing its incredible and dangerous journey. it may have broken the record as the longest lasting cyclone in history, on record, it's been a named tropical cyclone now for 33 days.

the cyclone first made landfall in mozambique and madagascar last month. thousands were affected, the storm bringing floods, damaging homes and crops, and leaving nearly 30 people dead. experts believe climate change is making these weather events wetter, windier and ever more intense. freddy's travelled more than 10,000 kilometres, it's generated as much accumulated cyclone energy as an average north atlantic hurricane season. this is one storm. officials are warning more than half a million people are at risk. according to mozambique's national disaster management agency, last time cyclone freddy washed away roads and flooded homes and schools. now, the slow—moving storm is sucking up even more moisture, so the rainfall will be even heavier. cyclone freddy could be even more dangerous second time around.

brazil's amazon reached record deforestation recently. the figures highlight the challenges faced by the left—wing government of president lula da silva, who has promised to protect the amazon and reinstate the environmental protections rolled back by his predecessor jair bolsonaro. teachers and children are warning of the dangers of vaping after reports of a big rise amongst those under 18 for whom it is illegal. britain's national health service says they are far less harmful than cigarettes for adults trying to quit smoking, but there appears a generation of young people who have never smoked are increasingly getting hooked on the nicotine in vapes. this school has a problem.

right, so this is our vape sensor that we had installed at christmas. the headteacher is trying to stamp out vaping. we've noticed a real reduction, 16 cases or alerts on the first day down to one or two a week. he wanted to show us the scale of the challenge and the numbers involved. so these are the ones that we've confiscated and these ones really are my least favourite. they're branded as sweets. connor, leon and oscar see themselves as addicts. two of them started vaping at 12. they bring a new flavour out. you want to try that. and itjust keeps going so on and so on. you're buying nicotine and you're really like, you're spending your money on nicotine and stuff. like, it's not something you can stop that easy. it controls the whole way that you think. but like i said, i would literally go out and meet someone if i hadn't had one for a few days and crave it. but the boys say that unlike them, children who've never smoked are now starting to vape. year 7s are going on to it. but they're going on to vapes, just sort of social life.

not because they used to smoke, and it's not because i've been brought up in a house, smoked or whatever. so what measures are being taken on the high street to restrict supplies of e—cigarettes to under—18s? some retailers say they're doing everything they possibly can to avoid underage sales. it's illegal to sell to children. andy says he's always on the lookout for fake id, but some other retailers are less responsible. if we spot an adult buying for kids, we'd ban them for life. you know, we do everything we can, basically. there's £2,500 fine if you get caught selling to under—age. but i just wish they'd enforce it or double it. cheers, cole. cole is a regular at the shop. he says he's often mobbed by children waiting outside. there are groups of them. they come up to you and just go, "go in there for me. "go and get this for me. "here's the money, will you go in and get this for me?" and it'sjust if i do it, i'll get banned. and i don't want to get banned and i would never do it because they're underage.

back at the school, they say health warnings for children must be stronger. these vapes are helping people quit smoking and that's a good thing for their health. but we're not talking about children that were smoking and start using electronic cigarettes. they're actively up—taking the vapes as a lifestyle choice. hugh pym, bbc news. king charles iii has made his youngest brother prince edward the new duke of edinburgh. the title is strongly associated with theirfather, prince philip, who was the duke of edinburgh for more than 70 years until his death in 2021. prince edward would hold the title for his lifetime. a reminder of our top story. the us treasury secretary says she has full confidence in the resilience of the country's banking system. janet yellen spoke after regulators shut down silicon valley bank, a significant lender to tech

companies in the us, and the collapse led to the dumping in other banks. you canjoin me on the socials. 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. and it's a cold, frosty, and icy start to saturday for a large swathe of the uk. the temperatures for some down to minus ten, minus 11 celsius, particularly where we have seen the snow. for many on saturday, it is mainly dry, particularly the further east you are. more snow moving into northern england and scotland, though, and for many, it will turn milder through sunday. so, this is how saturday shapes up, a good deal of sunshine for many through the morning, but you will notice the cloud gathering through 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's dry, the best of the sunshine the further east you are, temperatures generally between three and seven celsius, could see ten, 11, maybe 12 celsius across the far south—west of england. this band of rain then increasingly snow moves north and eastwards through northern england and into scotland overnight. behind it, we'll see some 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, and frosty, potentially icy for the north of scotland. so, this 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 northwest england and scotland, moving to northern scotland, likely to see some snow here, but once again, the further east you are, mainly dry. but those winds strengthening all the while and feeling milderfor many, particularly for england and wales, we could even get into double figures but still 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 the uk through monday, certainly an unsettled start to the week with bands of showers and longer spells of rain working their way north and eastwards, we could still see a little bit of snow over the highest ground of scotland, but it's a mild start, a much milder start to the new week, but it doesn't last for long because on tuesday some colder air starts to dig back in. further rain to come in the week ahead, bye—bye.

this is bbc news. the headlines... us regulators have shut down silicon valley bank, a major lender to tech companies, after it ran into financial trouble. it is the largest bank failure since the 2008 banking crisis. fellow broadcasters and commentators have said they will not work on match of the day after gary lineker was taken off presenting duties following social media posts criticising the government asylum policy. the un's weather and climate monitoring agency says cyclone freddy is on course to be the longest—lasting tropical storm.

it has left mauritius and madagascar.