go with those with ah, ah credits with chance to apply 30 percent a historic lo trading of several european bank stocks are halted. and 5th spread a looming financial meltdown. the key city of auto mall scope, our communities further and circled as russian forces advancing. don't boss with the volcanic group releasing footage from inside the area strongholds the zone plans. a facility with a deep web of underground passages also had a chaos to rock sound signed form of pakistani prime minister in run kong residents. police attempts to

arrest the politician on a legit corruption challenges with a very well welcome from all of our team here in moscow. this is on t international with the very latest wealth news updates good to have you with us. now, one of europe's largest banks, credits with a 30 percent drop in shaft price on wednesday, with the financial times reporting that the financial organization has appealed to the swiss national bank for a public show of support trading of several companies stokes, including credits with where temporarily hold it on wednesday morning, due to steep losses. the phone has caused a why the banking sake to sell off following gets modus recovery on tuesday. the main shareholder of credits with group from saudi arabia has ruled out any further financial assistance for the trouble bank. the answer is absolutely not for many

reasons. outside the simplest reason which is regulatory and statuary. when our own 9.8 percent of the bank, if we go above 10 percent, all kinds of new rules kick in. whether it be by our regulator or the european regulator, or this was the regulator last year, customers not credit suisse withdrew ever $130000000000.00 with the bank reporting, an annual loss of $98000000000.00. it's biggest since the global financial crisis in 2008. the crash on wednesday spilled over into all the european banking sex and stokes, with institutions such as commerce bank. i'm deutscher bank falling between 8 percent and 10 percent jacks appear directly at the school of high studies. and social sciences said credits with the drop is assigned, but some european bunks are frail. eat a sign, you know, it's definitely an indicator that some banks not was a bank that some banks in iraq are quite free. you in with the

movement of how you read. so we have seen in the last 6 months is our new for a be cool, was the bought off of titles as been pert and the pressure certainly a problem which deserves to be addressed very quickly. this can tell it's on the hills, a financial turmoil in the us where the collapse of 2 major banks. i said, ripples throughout the world. but let's go on the list on journalists, jonesboro. the phase western government will try to solve the current crisis the same way they did in 2008 by simply printing more money. this is what happened in 2008th. i mean, you know, the government bell down the big bank by putting more money. right? we had all of this, all, we took all these measures to save the bank for printing printing, right?

it was called q e quantitative easing. it was basically printing a one trillion, 2 trillion dollars and sorry, i can't remember the exact figure, but they through all this money at the bank and that money, you know, where did it go? you know, didn't really go into the economy. no, it's settled in the bank, and it contributed to inflation. and the depletion in the value asset, which of course is an artificial inflation. and this is the problem. the american government always gets involved in the crisis and try to solve by printing more money. but that doesn't solve the problem, that just won't solve the temporarily. it pushes the problem on towards the future, right? so basically we're also, we're now today coming to correction. we're coming to reckon with the poor measures that were implemented after 2008 again, printed all this money. then we have coded over 19 print, more money prints, more money, right? this is the, this is the go to answer of u. s. government. and the federal reserve just for more money,

or they never make deep systemic change. and the day of reckoning is coming. we cannot do this forever. we cannot print the money forever. right. so it's going to blow up is going to blow up in a big way. but i think again, by the end of the year, we're going to face a major systemic crisis in class. and that is what's fueling inflation. and the inflation is also wrecking. how did with the financial system, you know, it's all connected. it really, really is all connected and a lot of people are fortunate. don't see that, that actually our leaders don't even understand that if that mean how competent they are. my colleague peter scott spoke with us, he contributed chris, and he drew parallels between the current crisis and not of 2008. i think people tend to do in these scenarios are sort of speculate really. we should always, i believe, is an economist. we should look back in history that see what happened in the past . and if we look at the past, the us dollar really was the currency of choice. there wasn't really anything to

contend with it. you know, china was sort of, you know, starting to build up confidence within that the women be trying to get international partners to adopt it, but they weren't really there. and we can see, so they've actually got a clear pizza from here to be clinton, when she was the secretary of state and 2000 and night, showing how confident she was in the power of the u. s. economy. and therefore the u. s. dollar. it's a good investment, it's a safe investment. even despite the economic challenges sweeping over the world, the united states has a well deserved financial stability, reputation. he's very, very confident that really there wasn't really anything to challenge challenge the u. s. ball of n, but take the situation now, take where the u. s. stories going, the fact they printed so many the fact, but now, you know, most saudi arabia even, you know, we went to the saudi area earlier at the top of top of the programs, accepting payments in the currency. the part from the u. s. sola that wasn't the case in 2009. so how the market's react is going to be very turbulent in my opinion when it comes to you. right? well, pretty much any other currency that is allied closely to the us dollar. well,

we'll talk a reactions to this. how do you think the u. s. will respond to this latest crisis? yeah, well again, i think that going to have to have a very different response. it's not going to be as easy as that for them as it was before. let's take you to 2000. we keep in mind these are the night, but that's kind of where we need to compare things. so i think the last time we really saw this kind of reaction is in a very collapsible things in the collapse of bank in spite of that was a lot bigger. but hey, it's a playful right now that you know, that was a different time. you know, the us and china, even the u. k, announced back then the u. s. is probably close to satellite that it was that golden age of relationship with china. the us is that again, we're going to use or again, i'm sorry to get out to get to the click of a clip of because he's just so much great conflict for us today. henry clinton in china, in 2008 and have a listen. and i appreciate greatly the chinese government continuing confidence in united states treasury's i think that's

a well grounded confidence. we have every reason to believe that united states and china will recover and that together we will help to lead the global recovery again as we see the best reputation in the well, we've got a great relationship with china, x, y, z. now that just isn't the case anymore, they've really been prodding in china. they've been prodding china over china's relationship, ever growing closeness with, with russia. sign is chinese constant insistent as was agreed in the one china policy that taiwan is not part is part of china. fundamental is not, is passive. china, which is adopted as international law, which the u. s. still continues to send legal aid to taiwan. so the chinese, they're not stupid, they're putting everything out there. economy, what's very differently, their financial planning, what's different me. it doesn't just work, you know, sort of like bite in the other day on monday when he gets up in the morning says a statement that statements a plan one month, one, week, one year,

even 10 years in advance. so really this, this, this, this sort of schism that's happening now. it's the birth of this most, multiple wild, all that we talk about. i think it's going to be very, very difficult for the us to react to that. they're not going to have as many friends there anymore. and pack as don clashes between the nations, police and support is a former prime minister in ron con, have escalate downside. his residence in the hall as officers of once again failed to find the rest, the opposition leader for no apparent get a court hearing on the ledge, corruption charges call himself safe. a real goal of the government is to prevent him from taking part in this year's upcoming elections. the reason why this is happening is not because i broke the law. reason why this is happening is they want to put the jail and they won't be in jail so that i cannot contest elections up. the reason i didn't appear in the court was because my life is a threat. i already had one solution dumped on me. and my life was threatened by

the same people weren't bower. and actually there was a wanting by the interior ministry that my life is in danger. there came with such forceful, i'm shot off tanks, they had everything they had. these armored gauze. the eastern part of the hall now resembles a battle ground as the violence has spilled over into a 2nd day. the unrest flag on tuesday of con, support is gathered outside his home to defend him from the authorities. some local say the attempts to arrest counties aimed at postponing the elections, which could see him return to power. and let him in the media around the world showing when happened here. but our government has imposed to ban and local tv channels to not show emron con, they are fighting a war with us because they want to avoid elections. they want blood and coffins. they want to rest and run con, so people will take to the street. there will be by lens, and that will be enough justification to postpone the elections in ohio. but today

we stood with god willing him around con, will save pakistan. he will put his foot on their neck and will be elected again. no one can stop them when they have shut down. the internet's not only have they fight, dear, guess, but diverse direct fired, the former prime minister residence. our whole leadership is not safe. it's provoking to people local correspondent, shower the yoga is at the scene in the hall with the latest on the hunt for him. ran con. you may spend my hulu, the man standing near them on port the residence of former prime minister in wrong con. on tuesday morning, an operation was launched arrest con by deploying punjab police, islamabad, police rangers and paramilitary troops. it was a difficult operation, and the authorities use massive force against con supporters. they used dear gas. bullets were also fired. many workers were injured are hospitalized. several are in

critical condition, while emergency has been declared in the hospitals. if we talk about is a manpower carrier, it's been completely cordons of local residents are scared, schools were shut down and people fear what will happen to them in the common nights and days. for the time being. the operation has been suspended on a court order until 10 am on thursday. the court has ordered punjab police and ranges to move back at least 500 meters from cons residence. so now they are deployed at the specified distance. they are waiting for the next order from the court, and maybe they will restore the operation on thursday morning will keep you updated . and on bass, russian force is taking control of the village as as ali's nan square. now our tim of scorsone is balconies further and circling the city f according to the chief of russia's volcanic group, which is spearheading among flung offensive. despite the lack of ammunition,

in the most difficult battles, our assaults are completing, the encircled mental buzzwords. this morning, the pmc wagner saw units gained control over the village of zealous 90. scott scott, the russian army has reportedly attacked the rev ukrainian reinforcements in the area of the night. that's off the presidency. lensky thought that announced that would keep defending the city and major logistics hub for the ukranian army. despite taking massive losses there. earlier russia's volcanic group reportedly took the part of the industrial zone. if a zone in on him, oscar, unverified online storage, apparently concerned rushes control over the bowl stalk mush plans. as you can see, the footage of wagner has taken the facility in the north of the city. this is the same plans where president lindsey commanded ukrainian soldiers that defense of the city last year. they is on plant is one of the city's main strongholds with this on the ground tunnels vital for defense. across milligan, school, public, russian forces have showed ukrainian positions and renewed tactical battles as the

russian army continues. it's offensive with tongue kills raging on the grounds and jones clashing in the skies on tv. costano is that the soil here in the spring time? dawn bass is very close to quicksand. parts of this forest is a complete not many vehicles can cross this terrain, freely and safely. thanks. i sadly, among those that can ah, these tanks belong to the ural separatists sold battalion to say they know their

enemy in the face is hardly an exaggeration. a 100 meters is sometimes rule that separates the sight. caves all seeing eyes focused on the battle for both moat and russian troops here in the loop, ganske republic have been trying to capitalize on the distraction. ukrainian command has drawn reinforcements, but they are often gathered out of yesterday's trainings without real combat experience. who become easy prey, such accuracy would be impossible without drones. there's such a swarm of them in the skies every day, every minute that it's not uncommon for russian and ukrainian birds to meet and duke it out like this. one is down this time the russian drone literally came out on top and intention, the entirety of the russian force shares with every heart in their ranks. hamish

done of reporting from the dumbass, our t 4 to 6 weeks. that's the timeline for the delivery of poland. old soviets made fine to judge to ukraine, at least according to the polish prime minister. jupiter cuz i mean it's about handing over the meek, 29 president under is do the said poland is ready to handle the fighter jets when might this happen? thompson or somebody this could happen in the next 4 or 6 weeks. they make a 29. is a soviet era jet civil operated by several eastern european countries, including poland, the jets excel, it's area code boss, but can also be used to drop bombs on the ground pose in town previously said it wants to replace its fleet of make 20 nines with newer fighters from nato partners, or for my us, maureen and geopolitical analysts, mark drug market. you can rather say such war planes will not turn the tide in ukraine favor. there's a reason napoleon is doing it,

and paul is not doing this out of generosity and they're not doing it because they help. they think that these megs are going to make any sort of impact. they're doing it because they want money from nato and they're going to want to replace them with different data where craft look. i'm not saying that to mig as a bad airplanes. fantastic. except for the fact that russia has such incredible ground to air missile capabilities, systems like the 300 as 400 systems. and it's really going to render these aircraft. i mean, move well, russia farm and say the us military reaper draw in the class off the crimea and post on tuesday has violated a no fly zone. so again, a lot of called it an attempted american provocation. us completely ignores the fact that after the started the special operation,

our military declared the relevant areas of the black sea adjacent to the coast in certain places as a, as does have a limited status for used by any aircraft, such to fire disregard suggest that the american side is constantly trying to look for some kind of provocation to escalate its confrontational approach. moscow said that the us was aware all along that, that area that air space. i had a flight restricted status, all along. but washington, of course, and has always said that it would ignore that and continue fly and wherever they, sol fits. and this is what happens. so naturally, moscow says, since washington was aware, this most likely seems to be an act of provocation. so they're just looking for a way to escalate their approaches. and this is one of the ways they did that since again, they knew that that area had a flight restrict the sad. at 1st they were accusing moscow right away. they said that the moscow did this intentionally, and now just literally less than 24 hours have changed their soon. and now we have

statements from the usaa state department spokesperson that price. who said that it looks like it was most likely an unintentional event. let's take a lesson, i think the best assessment right now is that a probably was unintentional. it probably was the result of profound and competence on the part of one of these russian pilots. at 1st we saw media in the us. absolutely going crazy. been hysterical, really accusing russia and said that russia did this on purse on purpose. and now literally less than 24 hours later we have the u. s. state department saying that this looks like an unintentional incidence. and we can hear from the us state department. what he had to say there in that price, that now it's an unintentional incidents. and again, we're saying that they are now focusing on the manner in which this happens and they're making elaborate videos and simulations of how it happens. and so let's have a look at one of their versions of what they claim,

how it happened. there are visualizations, ocean jet approach from the rear dumping fuel u. s. officials believe it meant to come up in front of the drone, so it would fly into the fuel cloud, but pulled up too soon and clipped the drone propeller, which is located in the rear. the drones controllers could do nothing but let it glide into the sea. rasa forest part has always maintained from the very few hours after this happened, that russia did not come into contact, actual physical contact if you will, with the drawing. and also it did not shoot it down, it did not use any weapons against that. but again, we saw all what was happening in western media there. and again, there were, there were prepared. ah, but perhaps it was a russian as spokesperson are the 3 pers scave who sat at best actually a let's have a listen exactly about that flight, restrict the status, which is the key and most important information of as they those who shouldn't have been there. shouldn't have flown there and then everything would have been

environmentally friendly. and this of course was everything and to risk. as i said again, love rob mentioned earlier in the day that these actions, they know the risks that they're taken. washington, when they do this and they risk escalating, is this something that they're looking for? that is the question. international consultant and retired u. s. military lieutenant colonel, as well, rasmussen says the american trend was likely gathering intelligence for ukraine, which is preparing to attack russians, crimea. i think the, the us will be more perhaps more cautious, but they'll probably still send drones out there. this is a look at mr. prescott, that the known was well known in advance that this was in a, basically a conflict zone area and that zone of the special military operations. so what other area of vehicles are flying they're, they're taking at their own risk? probably would have been fair game. just shoot down as well. yes. is the information being collected for nato countries?

yes. is it highly likely that it's being given to ukraine? it would not surprise me as it was absolutely, especially you know, there, there been discussions on, on looking at ways to strike it, crimea, and you want to know where the facilities are. and either way, whether you're going to do an electronic attack or another type of attack, but it definitely was gathering strategic information that would be shared with members. ukraine has lost the chance to host the 2013 fif world cup. the wilco, how's replace the country and doing bid with spain and portugal to host the event together? i would like to announce that the kingdom of morocco has decided together with spain and portugal to present a joint bid to host the 2030 world cup. this joint bid, which is unprecedented in football history, will bring together africa and europe. the northern and southern mediterranean and

the african era been euro mediterranean worlds and cranes bid to co host the tournament with spain. and portugal was previously welcomed by fever. but the aspiration was complicated due to multiple control the seas, including security concerns and corruption scandals. 2 of ukraine's leading football officials have been arrested on allegations of fraud and money laundering . finished journalists, that janish put, conan, said corruption in ukraine, tons as a hard hit for the west in order to host a big bob like even leg p fuck up or any other big major evens like eurovision or anything he demands at 1st avoid nice. oh, supply of energy, it needs a security, it needs lots of transparent finding and possibilities to reach goals. and that is something to crank, come up, offer corruption. they grew up and came to bob like the shock i being that the

black rocker institution in which to grow or do crania nick are normally in day end of january. they really have a power to overlook the findings or what's going on in the brain unique one or mix these. oh, reality has been hard heat for her for the west if they didn't know it before. although crania society, these build on corruption. now they certainly know, and the black rock has oh, specialist who can go and see what's really going on in the country. a president of honduras, a, she's willing to establish diplomatic relations with china. the author has been welcomed by beijing, but on one condition that the latin american nation complies with the one china policy on the why you hold on the, you're welcome the relevant statements made by the conger inside establishing a diplomatic relationship with chinese,

the right choice in compliance with the great trend of historic development and the advancement of the times on the basis of the one china, principal, chinese willing to develop friendly and cooperative relations with andrew as and all other countries in the world. they didn't consider as taiwan part of its territory. and under the one china principal, no country may maintain diplomatic relations with both china and taiwan. if i don't do a secure kinds with paging, they would have to sever its relations with ty, one type a has already expressed serious concern over the diplomatic moves between hong duras and aging. taiwan has all the latin american country to quote, carefully consider to avoid making a wrong decision. well, the number of countries that see taiwan as independent has been decreasing over the years. some nations have withdrawal no recognition right now. only 14 states consider taiwan a separate country and have diplomatic relations with ty pay. most of the world's

nations respects the one china policy. now let's take a look at latin america. only a government is to recognise taiwan, while the major economic and political power is all black in america, adhered to the one china policy and accept the core principles of its territorial integrity. asia political risk analyst was fain go to say 100 says aspiration for times with china could mean another form of rivalry between washington and beijing . the united states and china are clearly competing for influencing in central and south america, as well as the caribbean. already seeing some criticism from us politicians in the u. s. government over hon doors. decision. but inevitably, what you're, what could be us really do. you can't tell another country. we can enter into diplomatic relations with other then, you know, try and carrot and stick approach. china, there, there, there with here, there,

with infrastructure projects. there, there with trade as well. the united states has been there. obviously, it's the united states is back yard. ah moscow say that expects the participation of nearly all $54.00 african nations in the 2nd russia, africa summit to be held in saint petersburg this june with us as the west continues its demands that the continent stops cooperating with one. we are convinced that most leaders will ignore open threats and outright blackmail from western states, which literally demand that african state still co operating with russia. we assure that no one will be scared, since there is a huge request for cooperation from both sides, from the russian side and from the african one. we have mutual interests that we can unite now. while russia has a long history of diplomatic relations with africa, big us as soon increasing interest in the content since the ukraine conflicts throughout the last year and on the power and bids to counter russia. influence the

u. s. host, so much with africans. last december, the 1st such events in savannah's presidency, a professor of political science and international relations told us that geopolitical shifts could actually give africans that advantage. the west has been on the african continent much more longer. give him the history of colonialism, even in the post independence, in most african countries, the worst has been active. and given the comparative went from major to most western countries have within global institutions such as i m f, world bank believe in up by hand in terms of directing some of the policies in most african countries. however, things are shifting. we see this wind of change where our power economic power is shifting to asia, mainly and within bricks. i think these in that one beach in rich russia, china,

upper seal sort of can india in you class. she moved in shanina, a new way of handling or some of those precious and by extension or giving an africa the better chance of accessing quite a number of other alternative models of development. as well as a means to trade out on key and important items for the latest news updates, discussion debates and documentary. as you can check our website r t dot com. thank you for choosing our t international. ah .

china has performed a master stroke of diplomacy. it is broker in agreement that we'll see a ran and saudi arabia again reestablish diplomatic relations. this could be a step not only to reorder the middle east, but also usher in an era of stability in the region. today. washington is the odd man out.