ah, ah, [000:00:00;00] a a bank to collapse since the 2008 financial crisis leaves or the companies and individuals holding the bag with calls for immediate government intervention. also ahead. fragments help the shell went right through the car right here. and right through this seat, as you can see, the blood is still there. a father and a son are killed in don,

yet as civilian infrastructure again comes under ukrainian shelling the emerging multi polar world brings long time regional rivals, iran in saudi arabia, together as they agree to resume diplomatic relations and reopen their embassies. a move with enormous geo political implications. and as south africa deals with rolling blackouts, it's now faced with a shortage of water, as reservoir levels continue to decline, just adding to the list of problems in the country. our correspondent reports from the scene with good evening for martine or national studios in moscow, and welcome to the hours most vital news stories across the globe. i'm fiorella, isabel high. powered investors across the globe are an economic limbo and fearing

a domino effect. this after the california base silicon valley bank was unable to quickly raise $2000000000.00 to shore up its deposits, resulting in the 2nd largest failure of a financial institution in american history. a former us treasury secretary is warning the banks collapse, could wipe out the whole venture capital sector without government intervention. it certainly is going to have very substantial consequences for silicon valley, for the economy of all they sure are sector which has been dynamic. unless the government is able to assure that this situation is work through the collapse of the silicon valley bank has blown a hole in the most innovative corner of the u. s. economy. as the firm provided financing for almost half of american burke, venture back technology businesses, despite being relatively unknown outside of silicon valley, as we

b was among the top 20 us commercial banks with 209000000000 and total assets at the end of the last year meanwhile, some brazilian firms are reportedly said to have failed to withdraw their money on time, while s v be also has branches in india, china, and across europe. it's u. k. branch is set to be declared in solvent. more than $180.00 companies there have from it with calls to intervene. the loss of dirty is business left at vulnerable recession. it's the my sent shock waves across the financial world, leading to a host of other businesses failing a recession in the u. s. economy was one of the factors that led to the finance cut it's benchmark interest rate, cfo for lehman brothers global investment bank, which went bankrupt and was one of the sparks for the 2008 financial crisis professor of economics. and paul to jack ross missed will does that,

as phoebe's collapse is directly tied to the current us strategy of curbing inflation by raising rates. the fed cannot raise interest rates high enough to bring down inflation because inflations must be supply side. we can't do anything about that. so they're trying to take inflation down 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 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, and, you know, there's, there's like $250.00 companies that, that have their money in silicon valley bank. lot of them start ups. and if they, if that bank goes belly up and they lose that money, we'll hope to start. that's the gun ago. i got a crash. i. that's where the government, i think,

is going to really jump in and bail it out. and i already signed the deal yet, 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, these tentacles is debt, 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. 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're 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 ups in the tech

industry for a while. so, you know, it's all traceable to the fed interest rate policy. and by this policy of a attacking tech tech chinese technology and trying to get the businesses to come back to the u. s, which is part of the geo political. the problem with biden is that it's, it's all gigi or politics. and what happens to the economy be damned, 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. 0 boy,

the government is jumping on this thing, ensuring bailouts and so forth. already within 24 hours. cl, 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 them between iraq in a hard place, you know, do they try to keep bringing inflation now? my raising rates are by raising rates, do they cause a food of 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. a father and his 8 year old son have been killed in a ukrainian artillery attack on a bus depot in this city of diana shall fragments at the location have been

reported to be of nato origin. r t correspond that romance cluster reports from the scene. 2 people were killed as a result of ukrainian artillery shelling against residential areas here in the next . a man had his 8 year old son war in this said sax. he want this frank took place . fragments of the shell went right through the car right here and right through this seat. as you can see, the blood is a still completely safe, although ah fragmentary clothes with a showed himself the reconstruction, the target at the cooper chef school district of the city of den. yes. show fragments that were likely of foreign origin from what looks to be a 155 millimeter caliber weapon had been found at the scene of the attack market

for the 2nd time this week. ukrainian artillery used at natal made a weapons and targeted as 2nd bus depot here in don't escrow public. as i said earlier, 2 people were killed the father and the son i right here. now also a dog was killed now, thankfully it's said the we can so there were no employees ad, this bus depot at the moment and said the father and son who died were in at sax. he and they were on that sir road just basically passing through and they were unlucky as a shell fragments struck them and they killed the father instantly, and the child died on the way to the hospital room on cauthrin r t done escrow public. let's her now to the latest from the front lines of the ukraine conflict. the wagner private military group says russian forces are now just a kilometer from the center of arc, the,

almost in the don. yet to republic. the area has been the focus of intense fighting for months. nato recently warned the city could fall to russian forces in a matter of days. however, an aide to the ukrainian president claims cats troops are quote, exceeding their goals. while the conflict is flooded with nato supplied weapons, russian forces use a variety of means. cop of the agenda we heard from some locals who stay current policies cannot resolve the situation. i mean, seeing the new policies that have been put in place by the government in u. k. and the reason why they're coming here today, we have to fight back. we have to defend human rights. we have to actually find a solution to what is happening. i mean, we have 30 years of the situation that is going on on the border. we have people dying, we have people suffering. and at the moment everyone is pushing to bull,

one through each other, without never looking for an actual solution. who claims, ultimately, probably the border issue on the table today is of concern to both france and britain. but in fact, it's an issue for all of europe. people are dying in the mediterranean sea. they're not welcomed anywhere, but the united kingdom is still for these people, their last hope. instead of creating safe routes and welcoming people with dignity, we try and stop them with military installations with dogs, with drones, and with front acts. all these measures, in fact, don't prevent people from crossing the border, but puts them at a higher risk when doing so, and generates more smuggling networks. mom that is with peasant, as the u. k. has seen a dramatic increase in the number of migrants crossing over from france. the government's come up with a new policy called the illegal immigration bill. while the plan is that to stop those coming over by boat. some of the wording use has been called into question. prime minister wishes to not posted the national campaign slogan that migrants

would be denied access to the u. k. 's modern slavery system. a prominent host at the b. b. c took to twitter, comparing the government plan and some of the language used to germany, migration policies of the 19 thirty's. there is no huge influx. we take for fuel refugees and other major european countries. this is just an immeasurably cruel policy directed at the most vulnerable people in language that is not dissimilar to that used by germany in the 30s. and i'm out of order. the legendary footballer gary linux is now a major star at the broadcaster he since been suspended by the corporation which said his social media. his activity reached his impartiality guidelines. but the decision to remove him sparked a boycott, not only by his co host, but also their potential replacements. however, he's not the only one who's questioning the governments campaign and

get me some slaves before his legal. the government tech control came by saying, if you get people here, there will have no protection from slavery and unforgivable message. a sentence which shames the country and everything that stands for this is absolutely disgraceful. complete application of humanity was how cross live to adama garber. the 2nd a former nigerian presidential candidate, a welcome. so the british prime minister's message was supposed to deter migrants from wanting to enter the u. k. illegally. but it seems to admit there is a modern slavery system in the british isles. what's your take on that? is actually at a little of the typical standard mitchell of the west to canada, united kingdom. this is the county that is the secretary to do not admission from. all right, const, on part of the char recommendations was that was you i,

when i denied it for me on, you can quickly rushed to the with does was i think, especially bridge the united kingdom and then get our final. so if you want to get through to this job, why i you also deny title. did you buy a policy by saying that once you are calling to the or county or any pos plan will asylum, they're going to send you back to one another company. do you know if that policy was determined to enjoy it? i bought as john lewis, you without even been wanted lee is to go to to do you not admission or by minister was coming into the fact that yeah, you know, suspended jordan white's opinion from what privately one is good. i just got to leave the car. so when you look at these things you contained, if i've been in this kind of situation of the template, we're not going to like africa for you. you will see a lot of noise about human rights by relation about freedom of speech for pressure,

for me to do what they are a little you are right. did it with nice? what is a village in its entirety, nickname, too. i want to just live in it. you got 3 and now they are now. i've been it what, what is literally in the united kingdom? it become human civilization, it because of my life nation. forgetting what the temp obligated him to our country is especially, you know, one to 1000000 africa without him when i got people and our sources just dwell on you to our cultural, you know, that contaminant, our tradition with their own policy of colonization. look out. appleton not to be for a while going to look into that online. do, did not. 7 any of the people in this country one can in that are so funny, one didn't just because i live in that one to be for which to good to have policies don't accept or something not here during the week. you can see it almost under very clearly actually, p t, any africa, especially when africa struggles to watch these were due to sickle cell. and

because, you know, i'm not even the marginal on this is, this is the key of our national. what do you do that you said you do like to mean that the way it's going to start? well, you mentioned the double standard, but the policy is supposed to protect people from being exploited, but is the use of the word slavery problematic in itself? i mean, some people say that the british prices coverage is racist. what do you make of that? it just completely missing. how can you recognize the war? what is level calling from? do i use renting a? i thought you know about more than slavery. it knew that dad is in the organization by the published by the british rule, but there's something called what else delivery on it exist on with that, they classify some people, wouldn't that slavery kind of did move about some plus a potential of people like me, will you the black man, as soon as i come to 6,

maybe asylum into you to, i want to talk us and what is yet. therefore, i will be denied is more textual above men to be deported to one doc for some glimpse to be verified. so reasonable or people that are trying to seek asylum, especially people call us more than a nice little this is really wrong. total water is a carry, no loss of potential. got your soul, condescending one humorous policy. why do you believe this will deter those who are seeking a better life? as the british government seems to think it is actually very difficult and why? because if you look at disc, warranties where people out, what did you notice from the people are what, what, what did you see a sign up with organized by december 15 that came in a home in the china. you're just so different from the mission does. so many people

are coming from france into pretty well so many more channels to with what kind of trinity would you get to bridge? and so i don't know how has gotten anywhere with united way from going to that particular without having a policy and bricks. hopeful candidates. iran in saudi arabia, find common ground and have agreed to resume diplomatic relations and reopen their embassies in a deal. brokers by bricks member china, senior officials from the middle eastern countries. how talks in beijing to bridge the divide, that delegates explained what paid the way to rebuild bilateral ties. i talked 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. well, the reason they cons between we are going to ron of has become a hot topic across the world with many world leaders starting to react to the issue are well starting from iran. be wanting foreign minister. i here on the learning on has said that v, we such agreement will build a great capacity for both countries, both for to one and we are. and he has said that it's the policy of the iranian government to tread on the path of good nature or an s with its neighbors, including with we are, with saudi arabia. we all itself has also reacted to the issue. officials from the

saudi king. there are said that they will try to continue this path and appeal trustworthy islamic republic of iran, as they believe that this will lead to more stability in the region. agreement was broke her by china. it's a very major step by our vision paying out who has just thought of his 3rd term as a chinese president, starting with this good news and trying to build trust between but your staff towards china's stronger role in the middle east. it shows that china is interested in the middle east politics and in the we just a car for peace and stability in the middle. 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 to strengthen unity and cooperation. truly have in their hands the future and outside seems to be interested in the agreement between

we are meant to rob united states said that it welcomes any effort to de escalate the region. the american president joe biden said that he welcomes any effort to help put an end to the game, and he wore to the saw the war against him. but when it comes to israel, israel is seems to be alarmed by the agreement. the officials, israel have said that this agreement will deal at the field low to any effort to try to isolate iran and to try to build a coalition against check. ron china is now interested in bringing different voices in different forces together in the eastern block. you try to unify different for, for some different players in the region against the western union battles. and we see that russia,

china give ron and now he wants our tribal saudi arabia is jumping on the bandwagon . and he's trying to our forum, this unified alliance against the west human animals. and i will see what will happen in defiance with saudi arabia, saying it would add strength to their country and standing up against for an actor is meddling in the region. i 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 them in and on iran, politically. and if friendly ties are constructed between iran and its neighboring countries. d. u. n. got are going to south america, this signs agreement can have a positive points. and that can be indicated by halting the war in yemen, destroy lesson. israel is upset about the unification of islam in countries and cannot tolerate it. israel is certainly trying to disrupt this in the future of the middle east should be determined by those in the region. that's the message from

the chinese foreign ministry who says beijing's bilateral ties are built on respects. china pursues no self interest whatsoever in the middle east. we respect the stature of middle east countries as the masters of this region and oppose geopolitical competition in the middle east. china has no intention to and will not seek to fill a so called vacuum or put up exclusive blocks. china always believes that the future of the middle east should always be in the hands of the countries in the region. it's a very important event in the only middle east. also in china, foreign policy china hoax there to not only the 2 countries, but also all the countries in the middle east could develop into by themselves for washington. they should at least rethink then say, why. now, in the won't, they are more and more people are never a chance to washington any more,

any longer u. s. s. a main driver of, you know, instability and conflict, not only in middle east, about also eastern europe casa, in the past. 40 years the united states has launched, at least a 1000000 people fi of the united states. so now we had the only people know the world very clearly. so carter, he, germany of the art he stays south africa is struggling to deal with water shortages amid rolling blackouts. that the region deals with on a near daily basis, greenpeace reports that millions of people have seen their taps run dry. as rationing measures have been implemented for water, which is stored hundreds of kilometers away and reservoirs that are shrinking r t correspond at new level you can gain brings us the story does, does one thing that you're all away off. it's the fact that what is life yet this,

the vital natural resource is being depleted. it's been polluted and miss manners. official says, disruptions, water reservoirs is causing more water related disasters in africa. and to tackle these challenges. citizens, the government's needs to do more than just talking. a mother, our parents now will dispose that. sometimes the tops run dry 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. we're more you'd go to, i can come back. what would still not be back? oh $10.00 if school is ashley mars. amandola from the crisis is about 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 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 based 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 crisis. it's yeah, it's getting worse than it's affecting millions of people. i think it's her well known for god. government at the moment is struggling with a lot of service delivery issues. to rolled out for a imogene platforms are unstable and it's also well known trek that our water and wastewater and regulation systems, all dilapidated failing under severe pressure, had been under capitalized. and then in many ways all just functional, so all things being equal, right? of collect coming and i, she ultimately this is very lucky to trigger abreast nessa restaurant. this goes, horses may not be as accessible all available. this means that the situation of water st. we, as africans have already experienced it for our t arm. no, no,

we couldn't get into hannah's bird. police expecting up to a 1000000 people at rallies nationwide. that's as the french public protest,