yes, this is angela from numerous florida to handle. most of the mobile shuttle specialties with exist. there's up doing. he took a little of doing piecemeal. mm. ah, without with help headlines right now. one off the international, the emerging multi polar world brings long time regional rivals, iran and saudi arabia together, that they agree to resume diplomatic ties and reopen their embassies. this is a move with enormous geo political implications. a run on the bank in the united states leave scores of companies and individuals holding the bath is the country's largest lender to collapse since 2008. they shut down by federal regulation. find out south africa deals with rolling blackouts. it's now faced with a shortage of water. reservoir levels continue to decline just adding to the list

or problems in that country. we have our corresponded on the scene with and so the multi polar world continues to blossom as so many countries these days, a ditching old habits and forming new alliance is karen and re ada. just 2 of the latest strategic partnerships as it is our top story for this, our hero, nazi international bricks, hope full candidates, iran and saudi arabia. they find common ground. they've agreed to resume diplomatic ties and reopen their embassies. in a deal brokered by bricks, member, china, senior officials in the middle east in countries held pokes in beijing to bridge. the divide that the delegates explained essentially what pays the way to rebuild bilateral ties. this 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 favourable 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. talk a lot more now. crossing live to watch a contributor, use f jalie who's standing by for us in terror on a very well welcome to you. this is a big story, yusef, can you bring us the significance and i, what kind of reaction have we got any reaction yet? from professional partners in the west, this is the warming up and the rejoining of the alliance between re at and tara. of course, the news is both shocking and promising for many countries,

even some of the rifles of these on the wrong answer and shine the reactor the to the story. and they said that they call that a promising step towards stability and peace in the middle east. as the to our tribals were long adversaries, and they were on different from when it comes to regional issues like the war in yemen. so the war against him has entered it's a year and it was backs on several law moves mentioned yemen. that faction has been fighting so the forces on the coalition forces inside the m. s. so this development, the agreement, comes against the backdrop. busy back background of many back trouble. many orse developments among this. so the war against them and which shows now the agreement seems to be a so being many unresolved issues, like that war on yemen,

and even the politics in syria and iraq. now, many countries express, of course, welcome the initiative which was brokers by china called it a significant step towards peace and friendship inside the middle east, which i was been troubled since the emergence of don sherise, the developments to syria and iraq. and now the war against yemen, but. ringback well, of all the reactions that took place today and yesterday, the issue did not sit well with the west and the united states in particular. we of course, guess force based on what you see taking place that becomes the agreement was brokered by china. it was clenched inside china in beijing and was initiated by china. this did not come, did not sit well with the united states as this is china. number one,

a right boat. and that shows that china is also interested in politics and economy. as the agreement came like a couple of weeks after the running president to brian bracy paid a visit to china, where the 2 sides discussed by that old ties and discuss the $25.00, your cooperation roadmap agreement between china and iran. and also it came after she was using, paying himself beta as a, to saudi arabia. i've got back in december and that shows that china is really interested in unifying. and bringing together all of the forces in the middle east or for the front, i guess there was unit narrows that even russia is joining. and he's jumping on the bandwagon to form this new alliance in the eastern block. i guess the west unit lateralism and we see that different observers have them. so there's the it and

like they share their opinions about the issue. like even the ronnie and foreign minister. i mean, i've, the law on today said that it's, it's a step towards resolving the difficulties and the disputes between the 2 nations and china called it a victory for dialogue. so this shows that now the united states has been abandoning the middle east. and now china and russia are beginning to step in and unify different forces even the opposing forces like slowly and iran, which have been long taking part in some negotiations, brokered by garage and then by a man. but it seems that the dice of the chinese stars is now being up and they could like clinch this deal. i'm bring the 2 nations the 2 opposing nations together. and we have to wait and see what more reactions we will see from across

the world. all right, arctic interpreter use of july joining us live here from sharon, thank you. well, audio here on the program. we did speak with a while when executive dean of china's chung gang institute for financial studies. he says that more people around the world are discovering what it takes to protect and preserve that sovereignty. it's very important, eventually not only middle east, but also china fall in china. hopes that to not only the 2 countries, but also all countries in the middle east could develop and buy themselves for washington. they should really think than helping go fly. now in the won't, they are more and more people never talked to washington any more, any longer. all region. no inc, deputy and conflict on the. ready middle east, about also eastern europe because in the past 40 years a year and

a half states has launched, a lot of was what, you know, used to at least a one meeting the people have died under the fi of the united states. so now we're had the only people know the world clearly, so called the germany of the phase 2 to be and as soon as possible. when asked for comment on the latest mideast, a strategic development between riyadh and terror on the u. s. president joe biden shifted the focus to other countries in the region. what are your thoughts on saudi arabia in iraq really, really? matic relations are better than their neighbors. while this comes, as some us officials reacted positively to the new saying the revival of relations, and the friendship between iran and saudi arabia will promote broader peace in the

region. well, that being said, some members of the u. s. congress also took a moment to directly cova regime che janera. the iranian regime must be taken out no more evil tyrants, whether it's the shaw or the leader. and while washington is preparing a resolution to condemn the iranian government, we heard from a professor at the university of toronto he made. but who says that conducting regime change is actually nowadays of a key element of u. s. foreign policy. you see that the united states basically has a vision that looks at other countries, either client or as enemies and initial or an enemy, the country that is a, you know, systematically independent of being not based on major domestic or foreign policy with the united states. that is the definition of any us foreign policy

perspective, clients and i need to go any higher. it is the reality of us. the basically look fast as century. you see that, you know, the history of united states relations with the rest of the world has been filled with these kind of this kind of mentality to take out the government that they have problem with. i think the government will know for another time that regime change is not going to work in 21st century. when enough is not enough. joe biden has requested a record $886000000000.00 for the country's national security budget. next year. the vast majority of the wish list is set to go directly to threats that are reportedly coming from north korea and iran. well, over the year, the usda spending, i mean, and just the last 3 years, for example,

the military budget increased by 15 percent. some media reports say the final sum for 2024 could be as high as 950000000000. what we heard from our sour flounders co director of the international action center. a. she says that washington is just going to spend more and more money on the military. industrial complex are not on every day. hard working, american citizen, this amount of money, the largest military budget of all time, exceeding any past military appropriation is a disaster for working people in the u. s. and for people around the world, it is a catastrophic amount of sheer waste into militarism $886000000000.00 and it will grow. it's not the end. what the white house is sends to congress always grows by tens of billions of dollars. additional ad ones, cost overruns,

what it would take to reverse it is working people in the u. s. and globally, really standing up to us imperialism. it won't come from congress, the democrats and republicans via 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 a ram and countless other countries. meanwhile, the biggest bank collapse since the 2008 financial crisis has happened in america. happened off the california by silicon valley bank made an unsuccessful attempt to quickly raise capital. it set off a bank run and was then shut down by federal regulators or the bank is now under

the control of the u. s. federal deposit insurance corporation. that usually means a liquidation of assets in order to pay back planes. and even though silicon valley bank is not the most well known bank, it's still had over $200000000000.00 worth of assets. and it was intensely involved with high tech and health care companies. a professor of economics. i, jack ross must hold off to the bank. collapse is directly tied to the current us strategy of coping. the fed cannot raise interest rates high enough to bring down inflate, trying to take inflation down by raising interest rates, letters, 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 start getting financial instability. and we see that already now with the silicon valley bank because the tech sector is the most exposed right now. and, you know, there's, there's like $250.00 companies that, that have 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 tech, 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, these debt pentacles are always very opaque. 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. very important bank, and it'd 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 of step by step i think on, on what the contagion is. and it may shut down the funding of start upset, and 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 best. the problem with biden is that it's, it's all g geo politics and what happens to the economy be damped. 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 a 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 i and unlike in 2008 boy, the government is jumping on this thing, ensuring bailouts and so forth. already within 24 hours, see how they learned their lesson of not dragging their feet back then i, i think one of the consequences if, 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 then between a rock and hard place, you know, do they try to keep bringing inflation now? my raising rates are by raising my today cause of financial stress. the fed doesn't work very well. the policy doesn't work very well anymore in the 21st century, where you got a globalized financial ais world economy. china has appointed

a new premier lea chang during the session of the national parliament in beijing. mr. chang is said to be a close confidant of president gigi paying previously serving as the secretary of the ccp in shanghai. the nomination was supported by a huge and ping who recently made history as china's 1st leader to be elected to a 3rd consecutive a russia's prime minister may call me shootin as congratulated his chinese counterpart, adding that relations between beijing and moscow us from the time i'd like to have this conversation further now crossing live to see g t, and correspondence send you when he's joining us. nice now from beijing. very warm . welcome to great to have you on the program today. what kind of expectations might you have from this new premier mister chang in his new role? what any, any big expectations? so i think many people here in china, as well as on the global landscape, seeing the chinese premier as an indicator of chinese economic policy. i think it's

important to go back to what the background he's coming from. so he has a degree as master of business administration at home comp, from hong kong polytechnic university. he has been serving and jo province in civil affairs department as well as in jump to providence and also as you previously mentioned, he had been working in chung high. so all this experience coming out of he's working background as well as his education background. many have quote him as a pretty much petitioner of practical theory. so he is pretty much falling many practical policy in terms of how to improve people's livelihood, especially coming from work he and civil affairs department, as well as working as the secretary of municipal party committee. so i think it's very important to understand where he's coming from and also what education background that you hope and that will contribute into what kind of economic policy

that he will be putting out. that will be pretty much impacted how the country's economy will be going. you know, when you talk about this economic policy that he might be bringing up, i was just going to ask you, i mean, we will, changing the person with the 2nd most powerful position in the government. have a real impact on the country in the near future. you mentioned economics just now, what are the expectations on that? do you think? i think our, the speculation is really on it, for example, because china now is a new phase of its cobra, 1900, and also pandemic prevention policy. it's in a new phase now too many people are really expecting to see what the country will be having to coming out of that face. especially we are seeing some booming numbers here and terms of the china spring festival travel. russia as well as the film industry is such a strong indicator that chinese people have the power of spending. but how were the country really coming out of such challenging period in terms of how business are

recovering, how the big enterprises are recovery, as well as what kind of policy that would be helping them. for example, for major industry to really catch on to the momentum. and i think that you were here coming out of this year. the government work report is actually stability. they want to have a stable growth. seeing that the route girls around 5 percent. so this is what we're expecting and people are really seeing a hoping to really share their efforts in terms of the chinese economy and how it would rebuild its economy and showing that confidence. so surveillance stability, i should say, one of the key factors does as the chinese economy does move forward. what about, what about russia and china? because president vladimir putin often talks about the strengthening of ties between russia and china. and there are so many points of interest. yeah. but, but regrettably, an awful lot of people don't actually know the specific. so i would like to ask you if i may, what are the main areas of common interest between the neighboring countries of

russia and china? i think that this is discussion is extend it definitely way beyond just the bilateral relationship between china and russia. but i want to start off with that . let me put in, had sent a congratulatory message to chinese president shooting p and after he's re election and that he put in had said that chinese president, she has really may ask for it especially, and make major contribution into further enhanced by letter and strategic partnership. between china and russia, and this is what we're seeing here and put in said he is looking forward to really deepening those ties in terms of trade and also for example, regional problem and also regional collaboration in the very spirit of people do exchanges as well as trade and other potential areas, and i want to share my own observation as well. i was at the members corridor today raising multiple questions to raising a question to members,

but also listening to multiple questions. and i think, for example, the china, i can actually one example share by wants to members, that china is not only focusing on by little relationship, but also for example, using projects like ability and foster growth in technology as well as medical field. i think china and russia relationship is definitely one of the key areas that both country will be working on in the coming years. a day. that's really interesting. you brought up a china as a belt and rose initiative. what many call a modern day still grow and it's going to be this know, are resorting to using national currencies and not the u. s. thought if i may watch it. china against the leadership in beijing. in fact, in fact, washington just in the past couple of days has described china as a threat to us national security. what position can we expect from china? it's leadership when it comes to certain professional partners in the west who have very anti china rhetoric. i think i want to refer this back to

the press conference held by chinese, chinese foreign minister kingdom. earlier. he's competition you as really eyeing on a 0 sum game. but china is not into that. china, if you want to have a peacefully co assistant relationship with the us because both sides really want to come together to the same table to restore those differences, to enhance understanding of both country culture and also because i think it changed refers to how us is considered relationship is that both are really working to enhance your people livelihood, but us is trying to trip its competitor over in the competition and may be an olympic become paralympic and referring to the us, the really to want to fight and also want to beat it's competitor but china is really focusing on to improve people's wiley hood and we understand and the country

understand. but the target of how to improve this economy. how to enhance and deepen cooperation, which a neighboring country is as we have talk about earlier, and also how to ensure that all aspects of wives and also all those hard achievement in terms of poverty, lead ration will sustain and also other topics including environment and energy. transformation, something that china can work with a globe is something to work on. instead of really focusing on the competition side and using the such a balloon as an excuse. china is really looking to result those differences and come to the same table and continue to work on building a constructive road serving in global affair. that's very inciteful, reporting and analysis from us. and when the c g t, and correspond in joining us live here, we'll see. thank you very much. we appreciate it. well,

thanks for joining us for this program live from moscow to south africa. just struggling to deal with water shortages are made rolling blackouts in the region. that's well, it's nearly every day now. they've got issues like this. a greenpeace reporting millions of people have seen the taps run dry. as rationing measures have been implemented for water, which is store hundreds of kilometers away in reza y as reservoir that are shrinking over now to our correspondent, normal voice congo. who brings up the story. does this one thing that you're all away off? it's the fact that what is life yet so this, the vital natural resource is being depleted is being polluted and mismanaged. official says disruptions water reservoirs is causing more water related disasters in africa. and to tackle these challenges, citizen state governments needs to do more than just talking. a mother, i paid us now this blues and sometimes the tops run dry the whole day. we then go to bat at the end of the day without any water to drink or cook,

and that's up to pollock out the whole day, making it even worse. when will it go to? i can come back what i would still not be back. okay. if so, the shaft lamazzo, manuel, buy for me, the crisis is bad because my business needs water. we can't cook, we can wash, we can clean. as you can see for yourself, we're not operating, we can do anything well 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 bases. 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. i think it's her well known shak good god, government at the moment is struggling with a lot of service delivery issues to well known fact that our energy, our platforms are unstable. and it's also well known trek that our water and

wastewater and regulation systems, all dilapidated failing, under severe pressure have 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 shear an accelerated rate of collapse coming, and i see ultimately this is very lucky to trigger abreast lesson restaurant. let's go to ripple across the country and i'm afraid this is where we're any quite interesting to know that in the case of lord shedding, alternative sources of energy can be made accessible. but wood water, alternative forces may not be as accessible all available. this means that the situation of water, city, or shortage, can have more dire consequences than what we, as africans have already experienced. he knew we couldn't get into hands, but sorry to the conflict in ukraine now,

where the wagner private military group was just an ounce, that russian forces and the advance on our job often they don't have republic has brought them now within a kilometer of the city. center, the area has been a site of heavy fighting between russian than ukrainian and most of the european mercenaries now for several months. and this comes as recently, nato raised concerns of the city may be overtaken by moscow in a matter of days. however, an aide to the ukrainian president claims a key of troops quote, exceeding their goal. and while the calls that have flooded with nato supplied weapons, russian forces use a variety of means to deal with them. this video right here from the russian defense ministry showing a british stormer armored vehicle equipped with an anti aircraft missiles system that had been detected in the area. and loaded with the coordinates a kamikaze drone set out on a mission. now, drones have become commonplace in the conflicts and used by moscow to take out assets on the other side of the front line.

more updates from ukraine at auto dot com, but also i want a number. any number i should say of ortiz telegram channels as well. for the meantime, thanks for sharing your saturday with us here at moscow. we all practice with blue ah, i.