and dining office and john alice services. oh, be our guest at frankfurt airport city managed by frappe, bought, ah ah, ah, this is the w news live and from berlin tonight you as president joe biden, attempting to reassure jittery people and markets after the collapse of to us backed up well, stock markets were largely down in monday trading, but by telling the nation that the financial system is south americans can rest assured that our banking system is safe. your deposits are safe. after coming up

digging for people buried by mud slides in malawi cycle in freddy's lashing the southern african countries with torrential rain and high wind. ah, i'm burn golf is good to have you with as we begin with generally, stock market and words of reassurance today you as president joe by vowed to do whatever is needed to assure a financial institutions after the collapse of 2 banks, signature bank in new york and silicon valley bank in california biden told americans that the country's banking system is safe and spheres of another banking crisis group. the 2 bank failures are now the 2nd and 3rd worst in us history. on monday, european stock markets reacted with massive losses. the news, cent bank stocks tumbling in the us asia and europe with investors fearing the

biggest us bank failures in 15 years might trigger a ripple effects around the world. e or 30 say they are monitoring the situation, but do not expect the us failures to cause long term problems in europe. we take note of the swift under side of reaction by the us authorities. within the u, there is a very limited presence of silicon valley bank, and of course we are in touch with the relevant national competence authorities. that message was echoed by e u. finance ministers, including germany's christian lindner harden or be, are, am i gonna, or to, we have our own authorities in europe and parked in germany. for example. we have our own financial regulatory body, which is continuously monitoring the situation. these institutions have no doubts whatsoever about stability, things to, to chew on kinds, wife or gelato. let's take a 2nd for it. i have faith and generally brother. in the us,

the failures have brought back painful memories of the devastating meltdown of 2008 in a bid to lessen uncertainty and divert further, bank runs. you as president joe biden hurried to reassure the public, our customers who had deposited these bank can rest assured, i am rest assured they'll be protected and they'll have access to their money. as of today, no losses will be borne by the taxpayers. instead, the money will come from the fees at banks pay under the deposit insurance fund. biden's stress that unlike in the past, irresponsible behavior by banking executives would not be tolerated. the management of these banks will be fired if the bank is taken over by f d. i see the people running the bank should not work there anymore. i'm ross, congress, the banks regulators to strengthen the rules for banks to make it less likely. this kind of bank failure would happen again. those rules were introduced after us bank

sparked a global financial crisis in 2008 by aggressive mortgage lending. they were partially repealed in 2018 under then president donald trump. in the coming days, that decision is likely to be in the spotlight. highest are corresponding makella kirchner. how much of a political headache this could possibly become for president, but in politics, as in life, in general, a lot is always down to timing, and the timing is pretty bad. and we all still waiting to hear if and when do biden will declare that he will run a 2nd time as president. and now he's got a major crisis here that he needs to resolve and away needs to prove that it's not his responsibility. the republicans were very fond, several and members of congress were very fast to say, well, this is really an attempt to kind of cover up the weaknesses of the current and money policy at both of the fed, but also the government economic policies. and we will also see

a hearing of john young, he's now the treasury secretary was formerly the fed chief at this thursday. so that could become quite a grilling. it's unfortunate timing for joe biden. he is on the defensive, but he seems determined to make the whole of congress ticks. the republicans shared responsibility in this that was because of the report from washington now to the war in ukraine. keven moscow were both suffering heavy losses as fighting intensifies in the eastern city of buck mood. the commander of the ukrainian forces says that the situation in boston remains difficult, but that his soldiers are repelling russian attack is going to fight for control over the city has basically reduced it to ruins. over the weekend grains, president zalinski said more than 1100 russian soldiers have been killed in the area. the head of the russian mercenary, wagner grew insisting his troops are still advancing. even though the situation is,

as he put it tough very, till i got an update from our correspondent achievement connelly about the situation in buffalo, i think there is a counter offensive in the office, at least that's what i was talking about here in kia. i think ukraine is desperate to show is western back as that it can push the russians back further. those last big victories. were it last thought him in for song and heart give and basically there's a sense here that in the west is gonna force ukraine to negotiating table on some kind of russian terms. if they don't prove that they can win. but i don't think that conference it is going to be anywhere near back more right now. the ukrainian forces are really at tightly as surrounded by russians that as just a very small bottleneck connecting the city with ukrainian health. 30 to the question i think now is whether the ukrainians 1st have to leave by moot as it seems. most to nato and us talk bras would want them to do, or if they can keep going about will try and draw russian attention russian

resources to their positions and back while launching a conference of somewhere else and kind of do both at same time. and that's the question right now, and that does seem to be a difference of opinion that between here and certainly the u. s. nic, russia has agreed to extend the ukraine grain export deal following talks with the you when earlier today a but only for another 60 days. has there been any reaction from the ukrainian government? we've heard form the responsible minister, mr. of infrastructure saying that that is basically not the deal that was agreed when this whole thing was set up to prevent and to kind of, you know, add delays to grain exports to keep food coming out of ukraine and keep food prices affordable around the world. especially in africa and parts of south asia and visit me a sense that this deal is for a russian perspective working too well. ukraine farmers are getting money, are able to sell their crops across the world. and that russia is trying to make

this more difficult. we've seen really long waits for inspections of these ships as they tried to cross the boss for us to get into the mediterranean. ukrainians would say that the russians of pacific making an effort to kind of delay exports and basically up the price of shipping for ukrainian farmers. and you know that there is just a sense that it, russia is looking for any weight can to try and put pressure on the brain economy, which after all, is still miraculously functioning over a year into this war. there attacks on the edge system on working. so trying to put pressure on shipping and specifically that crucial aggregates that business sector also has so many connections to consumers across the world. that is, in the sense here that the rush is kind of trying to find any kind of technicality or any kind of way to make that difficult. you w me economy with the ladies tonight from keith, nick, as always, thank you. we're nearly a 100 people are confirmed dead and below we after psych loan, freddy slammed into the south eastern african country with a wrench of rain and high winds. this is the 2nd time in the month that freddy has

made landfall in southern african. it struck earlier at madagascar. it is one of the strongest and longest lasting storms to ever be recorded in the southern hemisphere. some way on to these washed off roads and my, lovey, are people rescue workers like trust owned chicka foot. well, i trying to find them lyn out miller land. it ain't so far. we have recovered 30 bodies. but we're not yet done. mama! go on. we're still looking for more victims. amusing miss ho to at least find someone. little cold cyclop freddy has wrecked houses in the city of plenty, and created rushing streams that residence us struggling to cross many of the injured have been taken to hospitals, but others are still missing. many what young woman and her

mother was so bad in the night when it was jarvis, yvonne, now that it's day time, i can feel the loss that you end of it was again to 0 buddy. i've never seen something as terrible as this would be. new by my neighbors, homes are gone and their family members are gone. ah, in some cases the father is alive, but the wife and the children are missing on us. x or fax on friday, killed several people in mozambique before making its way to my loving. scientists say such tropical storms are getting stronger due to climate change. they want that phoebe a veto like this will only become more frequent unless polluters drastically produce carbon emissions. artless take a look now, some of the other stores making headlines around the world. the biden administration has approved a controversial oil drilling project on alaska, north slope. supporters of the willow project by energy giant conoco. phillips say that it will be an economic lifeline for indigenous communities,

but environmentalists are urging by not to approve these types of projects on public lands. the head of iran, judiciary says more than 22000 people arrested in recent anti government protests have been pardoned by the country's supreme leader. thousands took to the streets. you may remember any rare challenge to the regime following the death in police custody of a young woman arrested for allegedly not wearing her veil proper rubbish. and trash been piling up on the streets of paris as cleaners and trash collectors. go on, strike over changes to frances pension system. in northern france, police cleared a blockade of workers outside an oil refinery. the proposed reforms include raising the retirement age by 2 years to 60 for a final vote on the proposals. as expected. soon, japan is ease pandemic rules on wearing face mass indoors. the 1st time in 3 years . foreign minister whom yoke is shita, says it'll now be a person's individual,

personal choice. the government still recommends wearing a mask on trains and in hospitals, but many people are choosing to keep their masks on even outdoors. the ddc presenter gary linux will return to his hosting duties. aunt bbc football show match of the day former footballer was suspended, following a tweet, criticizing the u. k. government immigration policy. and comparing the british hong secretaries language to that of nazi era. germany, the decision to remove it, sparked widespread outrage as well as walk else from the staff. after a weekend of crisis at the b b. c, which saw football pundits commentators and even players refusing to take part in the broadcasters coverage. gary lenika is back and he seemed like he was in no mood to continue talking about the situation. i've, i've already said what i'm going to say on twitter. if i say no, no,

just encourage you to take the doorstep with in his tweet, the long time match of the day host expressed his delight in finding an end to the impasse and thanked those who stood behind him. but he also reiterated his support and empathy for refugees. the decision to suspend lenika led to accusations that the politically neutral b, b. c had bowed to pressure from the conservative government, but its director general tim, davy said on monday the suspension of the former england captain had been appropriate. we did take action, which we thought was proportionate. and as the baby say, we believe we did the right thing. i think i did the right thing. having said that, i think you have to look at the balance here and act fairly mifflin enough. the broadcaster said that as a condition of his reinstatement, linux had agreed to stick to current editorial guidelines until a new policy for social media could be formed. and finally, thailand,

celebrating the day of its national animal, the elephant on this day, elephants are given a feast of fruits and vegetables. i mean, they do have a big truck to honor the important role that they play to thailand. history, culture movie smocks also attend to bless the animals into sprinkled them with holywood march. 13th was 1st designated this national elephant day by the time government back in 1998. who doesn't like before we go? here's a reminder of the top story we're following for you. you as president, jo bite has told americans at their banking system is safe at a statement just moment before us stock market is opened. you tried to calm fears of the financial crisis after the collapse of both the signature bank of new york and silicon valley bank of california. the chief bank failures are now the 2nd and 3rd worst in u. s. history and businesses as up next after

a short break with more on those bait failures that have brought to financial market, steven beer will go live to wall street. i'll see you tomorrow with ah, ah, every jenny is full of surprises. we've got all out to give you some tips one day in the foot of the.