ah ah, long time, original rivals, iran and saudi arabia agreed to resumed diplomatic relations and reopen their embassies. and i'm a broker like china though most gibbon implications us experience is biggest bank color since of the 2008 financial courses as a california based on by the bank shut down by federal regulators, south africa. so those are the official to do to on even distribution. i do in reservoir levels as the country already suffers from near day. the electrical power outages out correspondent report from the same a

low cost in life for most carriers, just done 1 pm and it's sweet to have be with us. i'm run a little bit so so is this out there on, on saudi arabia. i've agreed to resume diplomatic relations. i'm to reopen their embassies and a deal broke by china. senior official from both of those middle eastern countries help folks beijing in an effort to bridge the divide between those long time regional rivals. here are the main statements from the vacations at the talks of the talks. this time have fully combed through the merits of the disputes between saudi arabia and iran, and explored effective ways to resolve disputes. saudi arabia hopes that this will open a new chapter and bilateral ties under the architecture of

a brotherly relationship of china has provided favorable conditions for rich and disagreement. this vivid demonstration of the basic policies and concepts of china's diplomacy, which includes the major initiative of building and community with a shared future from mankind, your on firmly supports the relevant initiatives. short on cash anguish. the improvement of the relationship of both sides has paved the way for peace and stability in the middle east. it has also set an example for resolving conflicts and disputes between countries through dialogue and negotiations. china supports countries in the middle east to adhere to strategical, autonomy, strength, and unity and cooperation. yet read of external influence and truly have in their hands the future and destiny of the middle east. don't, don't tend to lead great news for the middle east than the whole world as iran and our saudi arabia finally decided to break the ice and resumed their diplomatic ties . after several years, after 7 years of frosty relations. well,

the agreement came on friday and it was reached and he tries capital beijing after several days of intensive negotiations between our secretary of iran's supreme national security council. and he shall fall, he and his mom, saudi counterpart in the chinese capital, beijing. of course, our saudi arabia, several, this diplomatic ties with iran back in january 2016 after our angry iranian nar protesters toward the saudi embassy into iran. i'm following are yours, executioner, for tom shia cleric never bother to remember. and that led to the end of the look, a lot of times between saudi arabia and iran were the 2 sides, close their embassies, and the 2 countries, of course, are now this new development is very promising. is a promising step towards ensuring stability and security and peace in the middle

east. as the 2 sides have been always at loggerheads when it comes to many regional issues. after the rise and the emergence of dash terrorists, isis terrorists in the region, and the chaos that took place inside syria and iraq, are the 2 sides, have been at different on different fronts, of course. and when it comes to the saudi war on yemen, iran backs on a satellite movement and a want backs political resolution to the i get any conflict while the saudi arabia has been attacking yet. and so all of those developments will be resolved. all those issues will be resolved, following that new agreement between the off and to juan. so this is very great step and we heard that the 2 sides decided to reopen their embassies. within the next 2 months, we heard from a rain in a residence, expressed support for the deal is saudi arabia,

saying it would help the country signed up against western attempts to dominate the region. how say panama, it is better if we have friendly ties with our neighbors, considering that the u. s. and other western countries enthusiastically desire to have their own military bases in iran's neighboring countries in order to have dominance on iran politically. and a friendly ties are constructed between iran and its neighboring countries. the u. s. will not achieve its objective in got in south america. this signs agreements can have a positive points. and that can be indicated by halting the war in yemen. is rosa. israel is upset about the unification of islamic countries and cannot tolerate it. israel is certainly trying to disrupt this. a person one wearing executive deal, china's tongue young institute of financial studies. he says the us is a major cause of instability in the middle east. so increasingly, more countries have been trying to distance themselves from us. very important,

eventually not only middle east, but also china foreign policy china hoax. they had to not only the 2 countries, but also for washington. they should at least to rethink then why should now in the won't they are more and more people are never the chance to washington any, any longer. you as a, some main driver for, you know, instead of conflict, not only middle east about also in eastern europe. because in the past 40 years, the united states has launched a lot of them was died under fi of the united states. so now we had the only people know the world clearly. so carter he, germany of the, at he stays due to be and as soon as possible and all the development you as

president joe biden seem to shift focus to other countries in the region. what are your thoughts on saudi arabia and iran? really, really a relation, sir, with officials around said positively to the same news, saying the revival of relation between iran and saudi arabia will promote a broader peace in the region. the u. s. maintains close ties with saudi arabia, but members of the u. s. congress have direct me called for regime change in iran. the iranian regime must be taken out. no more evil tyrants, whether it's the shot or the leader. yes, congress has been preparing a resolution to condemn the iranian government and support protest movement, so overthrew it is. it's is the latest escalation intentionally through in the

countries we heard from a professor of the university of tatiana, keep me video, who says, conducting regime change in other countries is a main part of u. s. foreign policy. you see that the united states, basically as brian or as enemies and the definition for our enemies, the country that is, you know, systematically independent of the day on major domestic or foreign policy with the united states. that is the definition of any u. s. foreign policy in perspective, client and any empire is the reality of us foreign policy. basically look back, it's sensory. you see that, you know, the history of united this relations with the rest of the world has been filled with these kind of this kind of mentality. the, to take out the government that they have problem with. i think the was government

will know for another time that regime change is not going to work in 21st century. yes, with joe boyd's has requested a record high, colossal $886000000000.00 for the countries national security budget. next year. the vast majority of the requested budget would go directly to the pentagon. the defense department wants to use that cash to tackle a perceived threat from china was to provide aid to craig. i'm funding for nato. the budget also sees a counter court system threats coming from north korea and iran over the years. the u. s. events development has been consistently increase in spending. in the last 3 years, the movie budget has increased by 15 percent rising from 740, but in those 858000000. so media reports say the final,

so for 2024 could hit as much as $950000000000.00. we heard from, sorry, father's code. all right, so the entire options and she says i was just going to spend more and more money on military equipment. this amount of money, the largest military budget of all time, exceeding any past military appropriation is a disaster for working people around the world. it is a catastrophic amount of sheer waste into militarism a $186000000000.00 and it will grow. it's not the end with the white house. it sends to congress always grows by tens of billions of dollars, additional add ons cost overruns, what it would take to reverse it is working people in the u. s. and globally,

really standing up to us and to realism. it won't come from congress, the democrats and republicans vine with each other to add on more and more to the military budget. to pass it almost unanimously year after year. i mean, it really is a staggering and criminal amount. and as they say, this amount is meant to continue the war on russia and to plan for war on china while at the same time threatening iran and countless other countries. meanwhile, the biggest buying collapse since 2009 finance applies has happened in the u. s. the california based silicon valley bank made an unsuccessful attempt to quickly raise capital before it was shut down by federal regulators. so the valley bank is now another consult of the u. s. federal deposit insurance corporation. that usually means liquidation of assets and all those playback clients,

even though silicon valley bank is not the most well known buying, it still had over $200000000000.00 of assets. i was intensely involved with tech and health care companies. jack ross was a professor of economics and policies isn't married close to california for the for the bike and collapse is directly tied to the current strategy. in facing the fed cannot raise interest rates high enough to bring down inflation because inflation is mostly supply side. we can't do anything about that so that by raising interest rates, let us crushing demand alone, right? but when they raise it up, a certain level between 5 and 6, i've been predicting you're going to get their money and silicon valley bank, a lot of them start ups. and if they, if that bank goes belly up and they lose that money, well hope to start ups are going to go. i got a crush, right?

that's where the government i think, is going to really jump in and bail it out. and i already signs that doing it, but we don't know the contagion between silicon valley bank and other tut, financial funders, and other commercial banks that fund these tech banks. you know, the tentacles of contagion are, are very wide spread, and we don't really know it. because there are these tentacles, the tentacles are always very opaque. you know, we saw that back with the housing sector crash, and we're going to find out over the weekend or start to find out what are the contagion potential here for the collapse of this bank. the very important bank and it be interesting to see what happens on monday, both in the financial market stock and bond markets, and also all next week because we'll beginning to see it will leak out and step by step i think on, on what the contagion is and it may shut down the funding of start ups in the tech

industry for a while. i so, you know, it's all traceable to the fed interest rate policy. and by this policy of attacking tech, tech, chinese technology and trying to get the businesses to come back to the u. s, which is the part of the geo political. the problem with biden is that it's as you all g geo politics and know what happens to the economy, be dam really. as the u. s. tries to ring fence a, russia and china and the other countries who may align with them, the u. s. is bifurcated a slowly the global economy, the global capitalist economy. but it's all because the geopolitical objectives, i believe and it's, it's going to be a big price to pay, i think eventually by young couple years from now. i think it's too early, much too early to say that. and unlike in 2008 boy,

the government is jumping on this thing, ensuring bay aloud and so forth. already within 24 hours. you know, they learned their lesson of not dragging their feet back then i, i think one of the consequences, if there is contagion, is the feds going to stop raising rates because they're going to take care of the financial sector 1st. and that means inflation is going to stay high and 345 percent. it's not going to come down. so there between a rock and a hard place, you know, do they try to keep bringing inflation? now my raising rates are by raising is a cause of further financial stress that the fed doesn't work very well. the policy doesn't work very well anymore in the 21st century, where you've got a globalized financial ais world economy. washington's controversial inflation reduction. and how it could impact europe was a key focus of talks as the ease chief of the one that i had met with us,

wasn't joe biden at the white house. all he caused one a new york kind of molten as the story one listens to what was said by the european leader who met with the president of the united states at a time. the countries are more or less having a subsidy trade war. one will notice that there was a superficial friendliness that went on. now the chief, she referred to partnering with the united states cooperation around l and g liquefied natural gas. and it was only in a very shy way that she referred to the elephant in the room, which is that inflation reduction act, which is going to have a very negative impact on the european union. and the economies of european countries, a patient with

a plan. now, the inflation reduction act will be taking investment away from europe. it'll be, have less innovation in europe. i'm. it'll also lead to fewer jobs for europeans. and it's, it's quite a dramatic dramatic move on and also mandates made in the usa only for certain deals. and it basically forces the european union to cooperate with united states in ways that are pretty detrimental. now, when the 2 leaders were speaking, they did emphasize that they both want to make russia pay for what they're calling and atrocious war. however, as one looks beneath the surface at the european union, one can see increasing number of countries that are starting to side with russia. here's what's going on. it wasn't acknowledged in the room. over the past year, the number of countries actively condemning russia has fallen from 131 to 122. the

sum emerging economies has shifted to a neutral position. the number of neutral on trees has risen from 32 to 35. now representing nearly 31 percent of the global population, some previously western allied countries, including colombia, turkey, and cattle, have moved into this category as a government to seeking to reap economic benefits from engaging with both sides. now these leaders can make nice in front of the camera, but everyone knows about the inflation reduction act. everyone knows about the tension between the countries and the united states, the economic pressure that has been placed on the u. so one has to ask how much this kind of photo op style publicity meeting will really change things? it certainly certainly try to give the impression that there was no trouble in paradise. that's not the case. everyone knows it. france on the you carry of hell. the saw mission 5 is with british p. m. richey,

sudak. i'm out of those countries have agreed to train, including in marines for keith quote, for a decisive advantage in the conflict with russia. we've agreed to train ukrainian marines helping to give ukraine a decisive advantage on the battlefield and for ukraine to win this fall, we will jointly explore the development of complex weapons like air defense, combat and long range weapons will skid yukon. our goal is to help ukraine conduct a counter offensive that it wishes to conduct of away said for my part that our prospect was indeed that they should be a lossing built, forge and conditions that ukraine will choose. and all duty is to place it in that situation when french president, a mandarin mac, ho hosted british prime minister re she's to knock all day on friday here in paris at the eighty's a presidential palace. it was the 1st time since 2018 that the u. k and france had

such a meeting, there was so much friction between mac hall and both former prime minister morris johnson and his successor of about 5 minutes list trust that trust at one point i couldn't even say whether michael was a friend or foe. remember also downing street said last june, that there was a lot of friction with johnson and truss who was foreign affairs secretary at the time over michael's insistence on negotiations for ukraine over prolonging armed conflict. but these 2 for investment banks, tre. bros ross childs and i call, and richie who worked for goldman sachs got straight down to business of doing what banks turbos do best falling in line behind the establishment agenda. they tossed a huge bone to the military, industrial complex, talking about jointly developing long range weapons and air defense. they also said that they'll cooperate on training ukrainian forces. just last month michael was promoting the idea of peace through negotiations. i don't think like some that

russia should be totally defeated, attacked on a soil. these observe is once above all, to crush russia. this is never been from this position. and it never will be the talking. why now among western nations is that ukraine has when on the battlefield and that piece isn't possible until keith is sitting on the largest possible pile of weapons, only then will ukrainian president lamer zalinski being a good position to get the best deal with russia. they say sounds more like it's the western weapons industry that's holding out for the very best deal on maximum sales. speaking of which washington has reportedly now delivered some patriot weapon systems to ukraine, but is openly admitting their limitations against russia's arsenal. the patriot missile system is really designed to go after ballistic missiles and it's, it's not as effective on cruise missiles and it's certainly not going to be effective against drones. france also to secured just under half

a 1000000000 pounds sterling. so about $580000000.00 us dollars over 3 years from british taxpayers to top of migrants. literally to tackle them probably that is before they get to, there is no word on any vote. all the problems we have between the u. k. france and the you well yeah, because that's what happens when the people impose borders through brags it around their own country. the. busy coolest, simply tried to erase. suddenly the global is just can't have things exactly like they want them and impose them on people in an uncontrolled manner like migration, maybe stop stoking foreign wars if you don't have problems with the population displacement in your own backyard. unfortunately, judging by their increasing militaristic position, these 2 leaders have now taken on the conflict in your brain that really doesn't look like they've learned very much on that front. ross is devising as we have recently release of footage,

all the destruction of ne to weaponry in the us republic. this video shows a british storm of vehicle. one of many systems that were 1st of the key is forces all summer. the combat vehicle was detected in the domestic public and subsequently destroyed off my precision camera causing drone drones. or i'm so be used by the russian military to monitor and remove all the vehicles from the battlefields. china has appointed a new primarily chair during our session of the national parliament in beijing. the chair is repeatedly a close confidant of present gigi paying ample previous. he served as a secretary of the chinese communist party in shanghai. the nomination was support advising thing, who recently made history as i 1st for them to be elected by parliament. the 3rd consecutive the shang in his new role as it is expected to take charge of the

development of the economy. the largest in asia has preaches as a league keys. yag spent a decade in that position. that is now expected to retire from mr. mckay. me shifted has been greg stated, his newly appointed child's counterpart and said that relations between basie and moscow are currently stronger than ever before. a c t n course on jobs. jackson says the relations between china and russia, united by common interests, including resistance against aggressive us sanction policies to cooperation between the 2 countries would provide a driving force for the multi polarity heading that the china russia times are not a threat to any country. and that's strategically important for the neighbors who

are not actually what some of you through the lens of code or alliances. and they've been there been a couple of joint documents signed by the 2 sides over the past year. thanks to the leadership on both sides. and they've touched a wide array of areas with mutual interests, including trade, investment, e commerce, energy, agriculture, and education, se. and they also have the, those declarations on promoting the global stability and a comprehensive, strategic partnership of coordination. and i believe that 2 countries will also work at the u. s. bullying of sanctions. china is looking for allies, i would say that's the reason why. ching on said russia and china, the bilateral ties are now at high tide, but they're not posing any threat to any country. one of our vehicles main economic houses struggling with the worsening water

shortage. emitted persistent eligible power goes international activists organization. greenpeace says millions of people have been left waiting for water, which is still a 100 kilometers away in reservoirs with dwindling levels. are the cause for the non volume calendar. and just more details from the c. does this one thing that you're all away off? it's the fact that woman needs to do more than just talking a mother i paid us now on try the whole day. we will go to bat at the end of the day without any water to drink or cook. and that's up to pol accounts. the whole day, making it even worse. oh, you'd go to, i can come back. what would still not be back again if so, i shall lamazzo manual bye for me. the crisis is bad because my business need and wash we can clean. as you can see for yourself, we're not operating, we can do anything when that you've been given along on, but it's not, the water crisis is hurting as badly as i'm speaking to you. i haven't eaten

because of situation. even base kids go to school without eating a bad thing because we have no water. it's clear that infrastructure is lacking. whether or not it is an old pipes or ignorance is that african water prices. it's yeah, it's getting worse than it's affecting millions of people. service delivery issues, to wound out check that out in a g. platforms are unstable and it's also well known trek. there are water and wastewater and regulation systems, all dilapidated failing. and the severe pressure had been under capitalized and then in many ways all just functional. so all things being equal, i do not see the scrutiny around. in fact, i see an accelerated rate of collapse coming. and i see ultimately this is very lucky to trigger abreast lesson racetrack, this guy to ripple across the country. and i'm afraid this is where we're heading quite interesting to know that in the case of load shedding,

alternative sources of energy can be made accessible. but wood, water, alternative sources may not be as accessible all available. this means that the situation of water shedding or shortage, and have more dire consequences than what we, as africans have already experienced it for our c. m. no, no, we couldn't get into hannah's bird. well, that's all for me today. my colleague rody says she will be with you here at the top of the hour. i'm on holiday wishing you all with what we've got to do is identify the threats that we have. it's crazy, even foundation, let it be an arms race is on, often very dramatic development only personally and getting to resist. i don't see

how that strategy will be successful, very difficult time time to sit down and talk ausa hospital with teachers on all to see christie late fee florida. christie said yeah, i don't pay today, but can.