ah, a new defense minister has under us sanctions as the country leader. it makes history . the 1st person to be re elected for 3rd consecutive fragments held. the shell went right through the car right here. and right through this seat. as you can see, the blood is still there, are killed in the area once again come on euclidean showing long so i will reach rivals of iran and saudi arabia agreed to resume the diplomatic relations and re open their embassies move with important geo political

implication. a position called for the government resignation are the breaks down how the title and the role for with good morning i welcome to international broadcasting alive for most of those. just go on 11 am. i'm more of a mommy and you know, what should the weekly? here are the top stories from this week and for today, china's key political event named the 2 sessions have seen several fresh appointments to the government. new defense in the shang food takes up his post. today. the official has been under us sanction since 2018 for buying the equipment

from russia. c, d, n correspond, joe jackson says, the fact that the miss is function doesn't bode well for the prospect of restoring dialogue between the 2 countries. to spot, i treat a friction that your political tensions back then. i mean, 5 years ago, china, yes. we're still maintaining to clar magic and security dialogue which haven't been seen these days. many chinese new defense minister just appointed today is now under the u. s. sanctions. he would not have a decent meeting with any officials or he's your counterpart. so we are not expecting the leaders meeting between the 2 sides in terms of, you know, security talks. if you know the new ministries on the sanctions, you would not provide or create any good atoms for, for the 2 sites to restore the dialog mechanism. which would not lead to any

better environment for the bi retires. so i think the washington has to consider if it has to make some moves towards that. because new premier li chang also among the newly appointed high ranking officials. the previous these are the secretary of the chinese communist party in shanghai. the firm is nomination was supported by gigi. they who recently made history as child 1st lead alexis for 3rd consecutive to follow the election. g confirmed his oath of allegiance to the country and its people. or should i pledge to be a legion to the constitution of the people's republic of china and safeguard the constitution's authority, fulfill my legal obligations be loyal to the country and the people be committed in honesty, my duty except the people supervision and work for a great modern social's, strong democratic, culturally advanced,

harmonious and beautiful. i, eugene, ping, take this oath. during the session, the child farmers except the worst of the escalating the comfort and pursuing his own gender while undermining china's proposed peace plan. already or you honish. regrettably, however, efforts for pieced in front of her traction, an escalation of the conflict and using the korean crisis to serve a certain geo political agenda. while the earth, fully supporting grain, child for mer, said he is washington of discipline. then house speaker, nancy pelosi ignored all warnings unpaid and official visits. if i one saw he a sharp response from beijing and prompting large scale military drills around the island, which i had for him. as of pointed out the apparent hypocrisy of the us dance. saying washington res, folks with her so integrity of ukraine, while disregarding the fact that taiwan is an integral part of china and

he should go, the chinese people have every right to ask. why does the us talk about respecting sovereignty and territorial integrity and ukraine? what disrespecting china sovereignty and territorial integrity on the taiwan question. why does u. s. gas china not to provide weapons to russia? well, it keeps selling arms to taiwan in violation of the august 17th communique. why does the u. s. keep on professing the maintenance of regional ties, instability, while cowardly formulating a plan for the destruction of taiwan rogers devotee for moses. i gay rehab cove says bilateral tide with china on troy, with the u. s. and his allies around the world. quote crazy. he made the comments in exclusive interview here, arte cheaper than americans of this book would. obviously, americans are concerned that are comprehensive partnership and the whole complex of our ties. multi faceted and deep have received an additional impetus and continued

to develop despite all our enemies attempts to upset them and damage our relations . the american seem to understand that the russia, china nexus is one of the pivotal elements in the formation of a new multi polar world order. and it is, if you like, an antidote to the american tic tac, an american hedge ammonia. we work with the people's republic of shoulder to shoulder, resisting the onslaughts of our enemies. we have a lot of projects and we have the groundwork for our work with china. we have no hidden agendas. we are driven by the desire to ensure a stable development in a prosperous feature for our states in our peoples. and that just seems to drive our enemies crazy in washington and some other capitals. their nervous reaction to what is happening is further confirmation that the course we have chosen with beijing is the right one. m. earliest one civilian has been killed in a massive ukraine. now to strike over residential air in the city of norwalk,

for hope car in rushes has on region the attack. so face in the early hours over the morning, leaving home souls and power lines destroyed shattered glass. i'm blood could be seen in the aftermath of the strike. so the officials say that western supplied weapons were used in the attack on saturday or other civilian deaths were afforded in the city of the moscow father. and his 8 year old son were killed in the ukraine artillery attack on a bus depot show show fragments at the location reported to be in nate of nato origin articles for roman closer of, for us this report from the scene. 2 people were killed as a result of ukraine artillery shelling against residential areas here done as a man hand, 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 there. so the 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 the taxi driver as well to wife the taxi driver are completely safe. although i, fragments of a shell went right through their clothes with long as i showed himself, the reconstruction federal investigative committee officials have completed their investigation of the ukrainian forces artillery. shelly that targeted the cooper chef ski district to the city of den. yes. shall a fragment that were likely of foreign origin from what looks to be a $155.00 millimeter caliber weapon had been found at the scene of the attack. for

the 2nd time this week, ukrainian artillery used at natal made a weapons and targeted as 2nd bus depot here in doughnuts for public. as i said earlier, 2 people were killed a father and the son right here. now also a dog was killed now, thankfully it said the we can so there were no employees. add this a bus depot at the moment and said the father and son who died were in a taxi and they were on that sir road just basically passing through and that 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 from on call for f r t done escrow public. russian armed forces, drug key topics in several ukrainian cities on including in the countries capital heave according to the russian defense. and i see the stripes were in response to

terrorist attacks or acts carried out in russia. brands border region by ukrainian forces earlier this month also added that it successfully hit military infrastructure. russian forces are now just a kilometer on the center of the city. according to the wagner drive it chief, the area has been the focus of intense fighting for months with the entrenched ukrainian troops now almost fully surrounded the soldiers replacing the cranium flag with their own on top of a russian money. now trying to downplay the significance of the key city, the fall of buffalo won't necessarily mean that the russians have changed the tide of this fight. i think it's more of a symbolic value than it is a strategic and operational. while previous people's labeled the city key and the strategic the narrative now suggests the stronghold is not so important and

most he holds symbolic value. russian forces try to take the strategic town of backlash. the city itself is not that strategically important, which all earlier in the strategic time of the most, it is not strategically important. it could lead to the full, slowly and can common tools because well, the 2 most important cities in the dawn bass there is little strategic value. it's not a military hub, it's not a communications hub, it can be significant strategically significant given it access to the rest of dumbass. number 2, you got to keep in mind lloyd. austin oversaw the. busy withdrawal of us troops out of iraq back in 2011 and what crept in isis. so i, i don't really care that much for his strategic analysis. and number 3,

it would take a lot of ukraine troops out of the fight. and i think that this is what they want to do given the ukrainian was us. i don't think it said insignificant and just approve put, i think would be a demoralizing factor for the ukrainians at this point. if they were just to get up and, and leave, and you look at the territory, that's there. that's significant territory. if the russians take it back over to us against the bill, all the influence of foreign ages have gripped and ga all week marauding party has since abandoned the draw floors stop. the protests and crashes with police ah, with

people in the jordan capitalists, up to the seats against the so called foreign agent bill claim it would come down with a news outlets and endears american officials both out against the draft bill the swipe it bearing similarities in the u. s. law even threatening georgia with sanctions. though the government reacted to protesters, demands by canceling the and releasing those who had been detained. crowds gathering near the national parliament have been growing by the thousands rushes far mazda service events in june to have similar aunties to the play in my dan uprising of 2014. very similar to caves made on there is no doubt that the law and registration of non governmental organizations that receive foreign funding in the amount of 20 percent of their budget was just an excuse to start an attempt to

force a change of power. nevertheless, in a number of european countries, the same rules are much more stringent burrell stated, without batting an eye, that this contradicts european values, and puts the block on the path of georgia secession to the e. u. in general, this hypocrisy is of course, obvious to so i, paula saying would no longer push the bill. processor still gathered demand in the government's resignation to let his mass protest took place on friday. his artes doll causes report on the ground. behind me the parliament building where thousands of proteins in a row, they just launched a new demand to the government, demanding the resignation of the parliament. this is after both of the main demands of the protesters were actually met by the parliament. the 1st one being the release of all protesters web and detained throughout these protests and riots. and the 2nd one being the rescinding of this law that started these protests in the 1st

place. that of course, was a law dropped law that the georgia parliament passed that would see a non governmental organizations in this country that make over 20 percent of their income from foreign sources. register as foreign agencies, we've seen a lot of anti russian sentiment here. ukranian flags, american flags, european union flags alongside the georgia ones. and they've been calling this proposed law that started this all a russian style law. that's despite the fact that this law does exist in russia, but was 1st passed in the united states all the way back in 1938. and it actually carries much more severe consequences. criminal ones, including jail time for employees of organizations that fail to register as opposed to in russia where organizations that failed to register would simply receive a fine. now you can see behind me the protest has today been so far peaceful. but this has been the case over the past 2 days earlier in the night. around midnight

is when really we started the scene violence erupt, protesters throwing molotov cocktails and rocks and objects of police building barricades. and they've been tried to storm the parliament building twice. the police have obviously responded with tear gas and water cannons. and i was actually in the thick of it. yesterday i got tear gassed and saw the action 1st hands. now, the government is actually divided on this issue. the parliament is at odds with the president who was in the united states. when all of this, all of these protests broke out. she released a video with the statue of liberty behind her, putting her support in making for the protests and denouncing the part of the parliament support for this law. we discussed the developers into b. c with political analysts. i was on the public who does fly, the process is another western attempt to interfere in george's affairs. it so dangerous to the wes model. exporting democracy, meaning, exporting,

calling revolutions, exporting their own influence over or other countries, governments, media, culture, education. that's why the alarm. so actually what, what the west wants is a permanent right to metal in other countries, internal affairs, and wants to put a stop to it, is immediately labeled as on democratic people just don't want new color revolutions for all of the previous long said left, just destruction in their way, more poverty, more destabilization and less democracy, they're afraid of georgia, improving ties with russia. the announcement of maybe, perhaps flights being resumed between george and russia. certainly raised alarm

bells. and so, you know, now that the george in authorities want to suppress western influence. well, they, they want to be able to open up a new front against russia because the franklin ukraine is not going well for them . so they need to open up a new hot spot along russian borders and they need to do it as easily as possible. and that's why this new proposed law is something that bothers them very much. georgia is a well known to have close ties to new wrist, non governmental organizations, i put in for the for an aging bill. the diligent parliament went off again, the powerful and well healed lobby. you can find out more on what lies behind the bill and then protest, and to be on our website policy dot com on friday bricks, hopeful candidates. iran saudi arabia found common ground, agreeing to resumed diplomatic relations,

and reopened their embassies. that is broken by bristles from the middle eastern countries help folks in beijing to bridge the divide. that again 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. is a 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. you're on firm la supports the relevant initiative we'd we haven't won 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 at the long or has said that vi did we,

since agreement will build great capacity for both countries, both 4 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 neighborliness with its neighbors, including with we are, with saudi arabia. we all and so has also a reactor to the issue. officials from the saudi king or a said that they will try to continue this path and appealed flossed with these romker problems of iran, as they believe that this will lead to more stability and to reject the agreement was broker by china. it's a very major set by our seizure and paying our who has just started his 3rd term as a chinese president. starting with this good news and trying to build trust between the 2 arch rivals, the long term arch rivals one and we are this is a major step towards china's our stronger role and didn't only this shows that

china is interested in the middle east politics and in the regions our economy drove on cash. gosh, 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 to strengthen unity and corporation. get rid of external influence and truly have in their hands the future and destiny of the middle east, or when it comes to the united states. the nurse is on the outside seems to be interested in the agreement between wing all mentor on being out of state said that it welcomes any effort to de escalate the region. the american president, argile by the said that he welcomes an effort to help put an end to the gemini war

to the saw the war against him. but when it comes to israel, israel is, ah, seems to be alarmed by the green man job, or the officials in 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 teheran, china is now interested in bringing different voices in different forces. together in the eastern block, you try to unify different for force and different players in the region against the western union arrows. and we see that russia, china, iran are now it wants our tribal saudi arabia, jumping on the bandwagon. and he's trying to are form this unified alliance against the west unilateralism. i will see what will happen. the future

shock waves are beginning to ripple across the financial world, following the collapse of the california base silicon valley bank and the 2nd largest collapse of and financial institution in american history. a former treasury secretary warms out 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 the whole nature of sector, which has been dynamic. unless the government is able to assure that this situation is work 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 in total assets. at the end of last year,

the collapse has global implications. media reports claim, some brazilian firms with more than $10000000.00 in the bank of lost their money. and that could just be the tip of the iceberg. s v beals, or has branches in india, china, and all across europe. in the u. k. more than a 180 companies have sent a joint letter to the british government, calling for help. the loss of deposits has the potential to cripple the sector and said the eco system back 20 years, many businesses will be sen involved for liquidation overnight. this crisis will start on monday, and so we call on you to prevent it now of being drawn to the global financial crisis of 2008, which was treated by the collapse of what was america's 5th largest investment bank . best turns exposure to the sub prime mo, which fiasco led to the so called great recession. i was the start of

a domino effect of financial business failures. a recession in the us economy was also seen as a key factor in the crisis attempt to slow income turn downturn, the federal reserve significantly cut interest rates. but due to the loss of revenue and declining market confidence, more banks began to fail. layman brothers was the most famous institution to collapse and interest in the the person who directed his financial operations also served as the chief administration officer for civic can vary bank as was live now to gold and global currency on this chris. hi, chris, thanks so much for joining us here at our g. now. interesting story. this what, what does the silicon valley bank collapse, rudy mean for the u. s. and the global economy? well, i think you are quite correct 30 anchors in the 2006 global financial crusts. i do

think the said the seeds for this particular crisis would probably plot a day if we go back to the emerging market crisis, routed by too much 7 points. that a could. what was the authorities responses to the cat? the interest rates flat, the system with liquid ity, and that led to the take public to thousands of that. the 1st 2001. and they did the green, sped, fitted that such cut interest rate was up to one percent for an extended period of more than 3 years. before that you started to raise rates to give them the problem when you actually cut interest rates to that extent. yes, it does lower the cost of capital, but it also lowers the quality of capital allocation. and that's, that's the fact that i think is be seldom spoken about. and so what happened is that those very low interest rates and flooding the system with the quality that's that late the, the, the platform for the sub prime process. again, it's a mallet,

mo, allocation of capital that occurred on a very large scale that lead to the 2006 global financial crisis. we've not since gotten them on a much more monumental scale in terms of interest rates to 0 and the negative interest rate to the coast of the european central bank for an extended period of time, more than 10 years low. we've seen this in japan 0 interest rates actually don't work because a debit just savings. and it's really a tricks heaven on the quality of capital allocation. and though we've had 10 years now, suddenly inflation has surge the central banks about trying to catch up with inflation . because the way interest threats on we inflation is, this is a complete mismatch in the state. but of course, as we raise interest rates, the mel allocation of capital starts to get exposed to this. i think the, the,

the california bank is the canary in the coal mine. we may, may, will see a succession of crises and distress in the financial system as we go forward with as we it's in 2006 based students group to be the 1st layman really was the comics that, that said, this may will prove to be the 1st just skating through as more and more losses and beller, bella mckesson of capital gates exposed. so let me just let me just jump in there for a 2nd. so you're saying that this could trigger a global financial crisis really very much such because of that extended period of siri. interest rates as well as the capital. ready already we seeing yield trips in riveted in the us, european cetera. you'll,

the inverted field trips are risky. contending that the, the us economy, the european economy, et cetera, is going to get interesting, if not already in recession. that when you had such a lot of capital flows into sub optimal projects, you're going to find more and more benefits coming up in the system and more and more at the positive appendix coming through with not a strictly would say when needs to be cautious, it doesn't necessarily say we're hitting for another global financial crisis, but certainly the dates bigger, the biological bell allocation of capital is more severe and the possibility of another level cross. i'm sorry, chris, i appreciate your time. we are running out of time. i'll say one more question.

here what about a minute and a half? i mean that's cool for governments across the globe sort of intervene if you like. is this a way out for, for the us or for this back is this rudy is.