ah, hi john. this is lynette with ah, the largest us bank to collab since the 2008 financial crisis leave scores of companies and individuals holding the bag with calls for immediate government intervention and also ahead. fragments help the shell went right through the car right here and right through this seed as you can see, the blood is still there. a father and son are killed in don yet that civilian infrastructure again, comes under ukrainian. shelly anger boils in the u. k as a b, b, c,

host that disbanded from work over criticism of the government's new bill on illegal immigration with its wording about the countries slavery system. 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. ah, good evening for mark the international studios in moscow, and welcome to the hour's top stories worldwide. i'm fear allies about shock waves are beginning to ripple across the financial world, following the collapse of the california base silicon valley bank. it's the 2nd largest columbia treasury secretary warrens that without government intervention, the whole venture capital sector could be wiped out. 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 i the government is able to assure that this situation is worked through silicon valley bank, provided financing for almost half of american venture back technology businesses, it was among the top 20 us commercial banks with $209000000000.00 and total assets . at the end of last year. the collapse has global implications of media reports, claim, some brazilian firms with more than $10000000.00 in the bank have lost their money . and that could be just the tip of the iceberg. as b, b also has branches in india, china, and all across europe. in the u. k. more than 180 companies have sent

a joint letter to the british government, calling for help. the loss of deposit has the potential to cripple the sector and said the eco system back 20 ish. many businesses will descend into invalids for liquidation overnight. this costs will start on monday, and so we call on you to prevent it. now, parallels are being drawn to the global financial crisis of 2008, which was triggered by the collapse of what was america's 5th largest investment bank bear stearns. its exposure to the sub prime mortgage fiasco led to the so called great recession and was a start of a domino effect of 5, currently car interest rates. but due to the loss of revenue, lehman brothers was the most famous to collapse. and interestingly, the person who directed its financial operations also served as a chief administrative officer for silicon valley bank professor of economics and politic jack ross miss told us, 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 level between 5 and 6. i've been predicting you're going to start getting financial instability and we see that already mentally 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. a lot of them start ups. and if they, if that bank goes belly up and they lose that money, well hope to start up the gun ago. i got a crash, right? that's where the government, i think, is going to really jump in and bail it out. and i already signs the doing it for

con 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 pinnacles 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. and it'd be interesting to see what happens on monday, both in the financial market stock and bond market on what the contagion is. and it may shut down the funding of start ups in the tech industry lease technology and trying to get a u. s. which is part of the geopolitical the problem where it's, it's all g geo politics. and if you're, 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 within the u. s. is

bifurcated a slowly the global, a, the gullible 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, conventionally, by young, couple years from now. i think it's too early, much too early to say that and unlike in 2008, oh boy, the government is jumping on this thing, ensuring bailouts and so forth already within 24 hours. see, one of the consequences if, if there is contagion, is the feds gonna, because they're going to take care of the themes, inflation is going to stay hot and 345 percent. it's not going to come down. so them between a rock and a hard place, you know, do they try to keep bringing inflation now? my raising rates are by raising rates, do they cause a fruit of financial stress and 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. less curse live now to rebecca fan in a financial journalist, the author and media interpreter for a deeper look at this story. welcome, rebecca. what does silicon valley's banks collapse mean for the u. s. and the global economy in your opinion? well, it's huge nationwide and it will have implications internationally as well. silicon valley bank has operations out the us and in london, israel, other markets around the world and silicon valley bank is real major, major an answer, a tech startup and also venture capital funds. so this is going to have an impact not only on check on being able to raise money or even to make payroll in the next

few weeks, but it will also impact capital funds that are finance by cell phones, alley bank. silicon valley bank has been eliminated partner and many venture bonds . so this is going to have a major impact. but i think that on valley being what it is and innovation center of the world will find innovative solutions. i think one of the impacts is that the heartland could benefit in that more regional banks and more regional venture capital firms outside of valley could begin to play a big part in the tax and venture landscape across the us. you mentioned silicon valley playing a bigger part, but could the bank failure trigger perhaps another global financial crisis, like what we saw in 2008 well is certainly

it's scary and everyone is talking about it. all venture capitalists are comparing notes. tech entrepreneurs are comparing notes. we have seen the beginning of this could go a lot deeper to other banks to, to other services. it will definitely impact the valley. because look, if people are of become unemployed as a result of this is going to impact the economy, is silicon valley housing prices will go down costs, let me go down. people will move out where to lower costs environments, such as the heartland. so there's a lot of implications just beyond the finance side of it. but all the other hand, as they say they're always innovations out there and there could be another buyer emerge even this weekend. well, you sort of mentioned some solutions here, and there are calls for government interventions across the globe. what could be

done and how likely is this involvement with the government? i think the government, you know, made it move with the taking over the bank very swiftly. and what part the government will play in maybe approving a new buyer in dulling out that money that is in, in the, in the remain. then they are going to play a part in that, getting the money out to the portfolio company to the founder is a venture funds that we'll see there's a lot, it's very early right now. you know, may happen on friday. so i think there's a lot to be yeah, sermon do think there's a most effective course to take. so the situation doesn't work like it has before. well, get that money out at least $250000.00 and get that money out. and

whether the government needs to take more oversight over the banking industry in general, that has financed venture capital because there are other banks that are caught up in the same situation. not having the liquidity to cover the loss of deposits. i mean that one of the reasons that happens so quickly is that there was a run on the bank. the venture capitalist, many venture capital, told their founders to get the money out as they started hearing about as early last week. and so those who got the money out by their state are okay, but those who waited a little bit do those transfers did not go through and they're going to be in line to get the money the s v v c o. so $3600000.00 in company stock 2 weeks before the bank disclose its losses and collapse. what's your take on

this move? as well as the fact that the banks operations chief was the po for the lehman brothers in 2008. while people are saying that perhaps it wasn't managed as well as they should have been. and that's the talk that i'm hearing from leading players in the industry. and they say that maybe there was some, some missing ingredients in looking over this and preparing, preparing for this interest rate change that we've been seeing in the u. s. over the past year, which caught silicon valley bank short handed because they could not cover the loss of deposit when the interest that they were getting rebecca fan and journalist and media interpreter. thank you, rebecca. thank you. a father and his 8

year old son have been killed in a ukrainian artillery attack on a bus depot in the city of don. yet, fragments at a location have been reported to be of nato origin. our tea correspondent, roman coast, rest reports from the scene. 2 people were killed as a result of ukraine artillery shilling against residential areas here in done as a man had this said sacks. he went to strike, 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 still there. so li, fragment of the shell went through the car and ended up right here, went through it through the body of a man with him in the car at that point for his wife. and of course, that's actually a driver as well to wife's taxi driver are completely safe, although i fragments. michelle went right through their clothes.

mm hm. has completed their investigation fee targeted the cobra chef school district to the city of den. yes, we're show fragments that we're likely a foreign origin from what looks to be a $150.00. 5 millimeter caliber weapon had been found at the scene of the attack or more for the 2nd time this who people were killed, the father and the son. i right here now also a dog. it said the we can. so the said bus depot at the moment it 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 had on the way to the hospital room on cauthrin r t. done the wagner private military groups as russian forces are now just a kilometer from the center of art. the almost in the daniel 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, in age of the ukrainian president claims cats troops are quote, exceeding their goals. while the conflict is flooded with nato supplied weapons or, and forces use a variety of means to deal with them. this video from the russian defense ministry shows a british stormer armored vehicle equipped with an anti aircraft missile system that had been detected in the area loaded with the coordinates, a kamikaze drone set out on a mission. they've become commonplace in the conflict and are used by moscow to take our assets on the other side of the front line. activists have taken to the streets of paris to express their solidarity with migrants. this comes as the leaders of france and the u. k. held a summit with the refugee crisis on the top of the agenda. we heard from some locals who is a 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 the ball one through each other without never looking for an actual solution. who claims leave hawk over the border issue on the table to day is of concern to both france and britain. but in fact, it's an issue for all of your other 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. sadie,

mom did it. as the u. k. has seen a dramatic increase in the number of migrants crossing over from france. the government come up with a new policy called the illegal immigration bill, while the plan is set to stop those coming over by boat. some of the wording news has been called into question. prime minister richey soon act posted the national campaign slogan that migrants would be denied access to the u. k. 's modern slavery system. a prominent host that the b, b, c took to ease 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 thirty's, the legendary footballer gary linux is now a major star at the broadcaster. but he since been suspended by the corporation

which said his social media activity, breach impartiality guidelines, the decision to removed and sparked a boycott, not only by his co host, but also there are potential replacements. and he's not the only one who's questioning the governments campaign. gotta get some slaves before its legal. the government tech control for came by saying if you get people here, they will have no protection from slavery and unforgivable message. a sentence which shames the country and everything. it stands for. this is absolutely disgraceful. complete application of humanity as to how can you recognize what is levy calling from d. i'm just wanting to talk, you know, about morton simply knew that that is in local conditions by the published by the digital or something or what else literally exist. this is

a war on a potential. got your so condescending one. you was like a kind of a short down of humanity for them to wanted to suppose to be the lights on the human nature of the human civilization is our county. british are going to be part of the initial pending their job working for you. i do, i'm do have, you know, more worth part of the one is do dr. mr. got a red star radio editor and political analyst. alexander mackay told that the spending that b, b, c host once more proves that there is no free speech in the u. k. the problem is, of course, the britain, although the british government likes to lecture everybody on free speech, we don't have free speech in this country. not really. there's been people who been fined and imprisoned for tweets that have been questioning the narrative around

everything from cove. it to the ukraine war. now finally, somebody who is very high profile has or has now been targeted for cancellation because of the views that they have expressed. bbc is a state broadcaster, it generally takes its line from the government not directly, but indirectly. though sometimes the government likes to crack the whip over it to make sure that it stays in line. and that's an example of what is happening now. but to call independent is frankly just not true. any examination of its structure or how it's funded, reveals that it is a state broadcaster at the last attempt by the bdc to do journalism that was severely critical of the government was over 20 years ago in the aftermath of the invasion of iraq, by george bush and tony blair, where they did do some critical reporting on that. and then the, all the people responsible for that were driven out of that jobs very quickly in an establishment stitch up south africa already dealing with near daily

rolling blackouts is now struggling to deal with water shortages. greenpeace reports that millions of people have seen their taps run dry. as rationing measures have been implemented for water stored hundreds of kilometers away in now shrinking reservoirs are t corresponded. new lulu you can get, brings us the story. 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 mismanaged official stays. disruptions to water reservoirs is causing more water related disasters in africa and to tackle these challenges. citizens, the government needs to do more than just talking. a mother are paid as new and worse. we are more you'd go to, i can come back, want and would still not been 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, birthing, because we have no water. it's clear that infrastructure is lacking, whether or not it is an old pipes or ignorance, 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 frederick, our government took the moment to struggling with a lot of service delivery issues to rolled out. fred, go in, a g platforms are unstable. and it's also well known trek that our water and wastewater and ridiculous systems all dilapidated failing under severe pressure had been under capitalized amber in many ways, all distracted, to trigger abreast national restaurant reschedule ripple across the country. and more 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 r c. m. no, no. we couldn't get into hannah's bird. a suicide bomb has killed 2 people and left more than a dozen injured, including children. in northern afghanistan, the blast took place at a cultural center in the city of mazar. e sharif or local journalists, had gathered to celebrate the afghan national journalists day. we spoke with victims of the attack who described their ordeal. a warning you may find the following: images disturbing. uncle silvers, the explosion took place around 10 am in the cultural center where ceremonies celebrating afghan and national journalist stay was being held. while students were singing a traditional song, a bomb went off. there was a huge cloud of dust and darkness all around us. i can't hear anything now my face

my is damaged, my legs are also injured. and so many journalists and some officials were present at the ceremony. i was sitting with my camera behind the audience. when a bomb exploded. i fell to the ground. many others fell on top of me. i could not understand what happened. there were people line on the floor. i have a head injury now, many of my colleagues old luxury. this come just 2 days after another terrorist attack claimed the lives of the bog province, governor, and 2 of his staff. earlier we heard from a local journalist who described the situation on the ground. again, a warning, the report contained some disturbing images. as i should have linda, there was another book blush in mazar, e sharif from san jose, a coolant eye. witnesses at around 12 noon on mother asher. if street and bomb exploded as a watch ceremony held them on the injured r, joan. this ceremony was being held to present. it was to promote local journalists, many tisha students, notable citizens,

and journalists attended the ceremony at the time that the doctor said the local hospital site attack and tensions arising in france as another day of leon. people at riley's nation wide, that as the french public protests, the government plan to raise the retirement age from $62.00 to $64.00. the foot it shows hundreds of people clashing with police as the demonstration turned violent. this comes after the french president's office released the notice to workers unions on friday, president and model mac crone has made the choice quote to make the french work a little longer. according to the document trade unions have been asking to meet with the french president, a demand which he has refused 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 brokered by bricks, member china, fear,

officials from the middle eastern countries. how talks in beijing to bridge the divide, that delegates explain what pays the way to rebuilding bilateral ties 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 which in this agreement is a vivid demonstration of the basic policies and concepts of china's diplomacy, which includes the major initiative of building and community where the shared future from mankind, you're on firmly supports the relevant initiatives. well, the reason they talk between we up to one of has become a hot topic across the world with many world leaders starting to react to the issue are well starting from iran. the wanting foreign minister here of the lawyer has

said that a vi did. we such agreement will bill said that it's the policy of the iranian government to transfer or reacted to the issue or stability in the region agreement was broke her by china. it's a very major step by a judge and paying out who has just started his 3rd term as it john, he's president starting with this good news and trying to build clos between the 2 arch rivals. the long term are tribal step one and real. this is a major step towards china's of stronger role and digital needs to show that china is interested in the middle east politics and in the regions our economy proven kasha gray sh. 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 rid of external influence and.