ah ah, the global financial system is shaken by a plunge in the stock of switzerland, 2nd largest bank renewing fears of the next world wide financial pride. russia's minister of defense calls american drone flights near russia's border provocative as pentagon officials contact their russian counterparts for the 1st time at mugs. after the american you. a big crash in the black steed and millions are outraged by the italian government attempts to blame the european migration crisis on the russian private military group. wagner, i don't think it's because of russia. young african spleen for europe didn't start to date. russia has different ways to effectively help africa. as an example,

we already have molly, where wagner soldiers fight against terrorists with good morning for martin or national studios in moscow, and welcome to the hours most vital stories across the globe. i'm here realized about banking stocks in asia have taken a tumble following report started catastrophic turmoil at mega bank credit suisse. could have world wide repercussions, dragging global markets lower. as the news broke japan's topics, banks index dropped by 6.4 percent during the morning session with hong kong standard chartered and south korea's chin. hon financial group trailing close behind unraveling investor confidence across continents. since banking shares were hammered and both europe and new york that comes after credits to us is bank stock

plunge, rattled global markets with the swiss central bank, stepping in with a $53000000000.00 lifeline. that's as credits as his biggest shareholders. saudi national bank said it wouldn't boost the chair past the current level of just under 10 percent, triggering a fall of 30 percent in credits with shares that cost jitters across financial markets, parking a slump and major indexes. this comes hot on the heels of financial turmoil in the u. s. where the collapse of 2 major banks has sent ripples throughout the financial world. r t contributor rachel mars and picks up the story. the failure of silicon valley bank in the united states is sending shock waves through europe's financial system. and it's also sending its bank stocks into free fall on wednesday with the european press, making the link between the u. s. crisis and new trouble for europe's banking sector. cutty reese had dropped on zurich. stock market by mid day. it's top

investor. the saudi national bank said that they won't help cushion the blow by buying any more than the 9.8 percent of the shares that they already own. since they want to avoid any new regulatory regimes that kick in above 10 percent investment economists, new rail rubini said in an interview that they could use. reese crisis is a quote lehmann moment for european and global markets referring to the lehman brothers collapse. that sparked the 2008 economic crisis in the united states, which then spread to europe. french banks were especially hit hard on wednesday with trading and francis b and b about he bass stocks temporarily halted earlier in the day as its value plunged. as did that of sissy, isn't it? i'm kid. yeah. are they curl? and germany is chorus bank. the ceo of global investment giant black rock. larry, thank suggest that silicon valley bank was just the 1st domino to fall, calling it

a quote, slow rolling crisis with quote more seizures and shut downs coming. but just these earlier french economy in finance minister blaine or the mer insisted that everything was just fine. and he seemed kind of annoyed with suggestions otherwise come down and just have a look at the really t do, eddie t. e that to bang such who just mentioned sunday, which had a french banking system is not exposed to the city can bank. as he converted bank you snot explore, to do silicon valley bank. so there is no links between the different situations. there is no specific concern on the full defense banks. now, the men was also told french state t, v, that there was not a risk of contagion in france and that french banks were solid, which is kind of a tough cell when it's pretty much the opposite of what europeans are actually witnessing in real time. it all sounds eerily like the last financial crisis back in 2008 when europe was pot flatfooted. the current european central bank governor

hasty lag down that was french finance minister at the time and said back in september of 2008, that quote, the big systemic risk is behind us. but one month later, france, germany and britain were meeting about national and block wide bailouts and rescue packages. so not exactly the water under the bridge that le gown had figured at the that the time looks like european leaders. busy about as reliable in their foresight then as they are now, and not just when it comes to europe, but russia to last year, a limit assured that sanctions against moscow would bring down the russian economy as european union commission president ursula of underline announced that the west was cutting russian banks off from the swift system who shoot the if you guess the financial sanctions are formidable effectiveness. and i want to leave no ambiguity

on the european determination under subject who are going to wage a total economic and financial warren. russia will therefore provoke the collapse of the russian economy. we commit to ensuring that a certain number of russian banks are removed from swift. this will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally. right now, cutting off russian banks from their western counterparts is actually starting to look more like throwing someone overboard before the ship goes down in order to save them. when the west was working to isolate rushes, financial system from, there's little did they know that they'd actually be saving moscow from their risk of contagion, their contagion a year later. despite all the western sanctions, russian banks have managed to adapt. and in january, the russian central bank announced that the country's current account surplus hit

record high last year with the increased price of oil and gas exports, even as europe was cutting itself off from them. maybe if european leaders had been as focused on insulating the block from the u. s. financial system in the wake of the 2008 crisis as they bid with cutting it off from russia. then maybe they wouldn't yet be in the position of gearing up for yet another potential white knuckle roller coaster ride with uncle sam at the controls. and no one can say that it's not possible for the you to isolate itself from the united states economy. because somehow canada right on the u. s. border and its largest trading partner managers. just find to isolate itself from the u. s. banking system, 562 us banks went belly up over the past 20 years, yet not a single one in canada. so here we go. yeah, with yet another example of europe's over reliance and over dependence on the u. s . to its own detriment. much like the current energy crisis that he got itself into

egged on by washington. and you have to wonder how many times that you have to learn its lesson the hard way before coming to its senses for its own sake. political analysts and journalists, john verola, says western governments will try to solve the current crisis the same way they did back in 2008 by simply printing more money. this is what happened in 2008. 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 say the banks are printing printing, right. it was called q e a quantitative easing. it was basically printing. i don't know, one trillion, 2 trillion dollars and sorry, i can't remember the exact figure, but they put through all this money at the bank and that money, you know, where did it go? you know, it didn't really go into the economy. no, it's settled in the bank,

and it contributed to inflation and inflation 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 tries 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 are coming to reckon with the poor measures that were implemented after 2008 an apocalyptic conflict to be the consequence of u. s. air force shooting down a russian aircraft in international airspace. that's according to the russian ambassador to the us responding to comments from a republican senator a deliberate attack on russian aircraft neutral. asked pace is not just a crime in accordance with international law, but an open declaration of war on the largest nuclear power. it's not russian piles who should be held responsible,

but american politicians who are inciting an apocalyptic conflict. well, we should hold them accountable and say that if you ever get near another us sent flying in international waters, your airplane would be shut down. well, what ronald reagan do right now, he would, they would start shooting russian planes down if they were threatening. our ass says moscow however, has denied that you a the was intentionally taken down by its fighter jets, according to the ministry of defense, the drone loss control. as a result of a risky maneuver that that drone operator tried to perform several top russian officials have already stated that the reaper u a b had no business in the vicinity of set the estoppel. and that such reconnaissance operations are dangerously provocative. ortiz, marina costs that are eva has more. the incident was caused by u. s. actions that violated the flight restrictions zone, said by the russian federation. where no did the flights of american strategic unmanned aerial vehicles near crimea and shores are provocative in their nature and

create the conditions for escalation in the black sea. moscow site that they, you west was aware all along that, that area that air space. i had a flight restricted status all along, but washington, of course ela has always said that it would ignore that and continue flying 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 stat 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 tune. and now we have statements from the usaa state department spokesperson that price. who's saying that it looks like it was most likely an unintentional event. let's take a listen. i think the best assessment right now is that it 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 gone crazy, being hysterical, really accusing russia and saying that russia did this on purse on purpose. and now literally less than 24 hours later we have the us state department saying that this looks like an unintentional incidents. and we can hear from the u. s. state department, what he had to say there in that price, that now it's an unintentional are incidents. and again, we're saying that there are now focusing on the manner in which this happens and they're making elaborate videos and simulations of how it happened. and so let's have a look at one of their versions of what they claim, how it happened, their visualizations, bush and 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 drones propeller, which is located in the rear. the drones controllers could do nothing but let it glide into the sea. raso forrest 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, they did not use any weapons against that. but again, we saw all what was happening in western media there. and again, there weapon there were prepared. ah, but perhaps it was a russian as spokesperson ah victory. the scott who said at best, actually a, let's have a listened 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, a gale abroad mentioned earlier in the day that these actions, they know the risks that they're taken, washington i'll, when they do this and they risk escalating?

is this something that they're looking for? that is the question. meanwhile, the ukrainian defense minister has been caught up in a food corruption scandal, apparently inflating prices for some items by 3 times. that's according to a ukranian member of parliament who slammed he have for attorney bline died or the situation resnick, of planned to buy potatoes for soldiers at 3 times the price paid by the defense ministry supplier. since this is not the 1st scandal with the unspeakable minister and his purchases, only 2 questions remain. what kind of scum do you have to be to steal from a soldier's plate? and what kind of scum do you have to be to turn a blind eye to this at the top levels of power? i don't understand why resnick, of, with such managers and salaries should steal money on potatoes. but apparently, a rat is a calling and a destiny. ukraine had previously been shaken by

a similar food, corruption scandal with ties to the defense ministry. but the minister was able to stay in office dismissing the allegations as false. the whistle blowing ukrainian lawmaker claims the situation has improved and is demanding immediate action from the government. here western allies have also lashed out it ukraine for undermining nato funding with corruption and bureaucracy. what the problem with this government is they, they not that they don't spend enough, it's that they don't achieve enough results for the spending. they do spend too much on back office bureaucracy and not enough on frontline military equipment. international attorney kline preston says the emergence of corruption allegations fall in line with the actions of a government that is sure of its looming demise. to an indicator that in my view that on the ukrainian government, those in, in leadership have lost confidence in the outcome in the future of their country.

it will need and that's why they're gonna, they're going to line their pockets, like they've been doing off of the u. s. aid in money this when going to prop up this regime from the united states. so, that's a true, honest assessment of what this means is it spells disaster for ukraine, because i think it shows a lack of confidence amongst those who are in charge, and who have the most information about the true status of things in ukraine. the government, alexia, resonant, called, surely, has a real understanding of the future of this conflict. and what's gonna happen with is government. and i think that's an indicator once someone starts line in their pockets like this,

that they don't have confidence that this regime is going to last that much longer . bad governance corruption and poor distribution of goods. those are the reasons mullins have given for the large migration flows from african countries in response to accusations from the italian government that the russian private military gra wagner, is behind italy's migrant woes. we heard from local residence or marcy was ms. africa for me. what pushes africans to take the path of europe is the under development of different african states, and a lack of work. we can't accuse rush on all these points, but sincerely, we can say that this migratory flow of africans is due to a lack of work, lack of development, and also lack of will from african politicians to put in place of strategy to better keep their children on their territory. eliza, thank you. love africans generally leave africa for several reasons. security

reasons, financial reasons, and others, even out of a simple desire to discover new horizons. russia has different ways to effectively help africa. as an example, we already have molly, where wagner soldiers fight against terrorists. but i don't think it's because of russia, young africans fleet, for europe didn't start to date. it's true that conflicts are one of the reasons, but what brings conflicts? it is bad governance corruption, poor distribution of goods. all of these has now turns into conflicts that are undermining the. 1 development of the african continent. italy has been battling a migration crisis for over 10 years since the start of the arab spring. as of 2022, there were already more than 5000000 migrants in the country. and 20000 more people have already arrived since the start of this here. over the weekend, at least 73 migrants died, trying to reach the coast of the southern region of calabria. however,

italy has shifted responsibility for the migration problems on the russian private military. wagner group, which is in molly at the request of the country's government, according to the russian foreign ministry. we spoke with a pan african analysts from neighboring burkina faso, who says that all western attempts to blame. wagner only indicate that western involvement in africa has failed. also say no, i think this statement is completely farfetched and apps are if you will, they are looking for an excuse to explain their fail due to their inability to help their ally ukraine and to blame the wagner group for instigating the influx of migrants is simply insane only the west is capable of such fabrication cooperation with other players, b, russia, china, or iran is very important in african countries which had very tangible failures and working with the western block can reorient themselves precisely towards it. more

recently, less than 5 years ago, the african countries began to trust other allies not from the western block. as a result, there has been a lot insecurity in the central african republic under president dera, book in a facile which turned it back on the western block. only in january now has operational drones. there are being used to fight terrorists real results, reclaimed territories. that's what the alternative block is capable of. around 30 members of notorious nigeria militant group vocal, her rom, have been killed by forces from neighboring niger while more than 900 of its followers, including women and children, have been detained as a result of counter terror. opperation, the group violence against the nigerian government had led to debts of more than 40000 people according to the un, the vast lake, chad region shared by nigeria, niger, cameroon. and chad is a notorious base for boca her activity,

which increase last month. the 4 countries set up a multinational joint task force and 2015 with the aim of defeating the arm group and promoting stability in the region. boca her on became notorious around the world after the group objected more than $200.00 school girls. many of whom have still not returned home. local journalists proved to be through springs as the story. it's been over 8 years now says 276, christine girls, between the ages of 1618 were kidnapped by book war. i'm terrorist from yes or in the state of both know in nigeria for i all to the read the school was closed or 4 weeks due to the tory, to in secondary to conditions what the girls were there in order to write the final examinations would out when i would have completed my education, if they didn't abduct me in the 1st place, honestly,

the life there is not an easy one compared to the freedom. now, because we aren't allowed to go out and there were rules on clothes, we shouldn't where we were forced to marry some of the fighters. i hated life. i hated that they married me to one of the fighters. his name is but who are good to her. it was why myself and 2 other girls escaped from the forest. one night says we were forced to convert to islam and if he refused to attend their slamming lessons and observe press, he'd be tied up and beaten and locked house for days. we were not allowed to go out and we're following whenever we want to ease ourselves and bathe because they feared we might run away. sometimes they rate us. i was married off to one of the fighters who's an assistant to one of the commanders. i gave birth to a child for him, but he died along the way when we escaped. there were 7 of us that escaped from the terrorists camp at 12 am in the morning. we spent days without food and water. some

people saw us and took me to the security agents in new men in a downwash state where they publicize my abduction. as one of the missing tobac girls said that my parents could trace me. i was 14 years old when they took me. i caught up with the mother of one of the girls who are still mason. rachel, daniel sees her like house changed since her daughter was her doctor. having heard stories about what may have happened to some of the girls on the slavery by the g. hardest terrorist, rachel can only wonder what her daughter was going to. she has pleaded with frances, to call on the nigerian government to rescue her daughter and order girls who are still in the hands of the rabbit who the call comes up. poor francis met with 2 gills, who escaped from the 2 hardest terrorist after years of violence. when i known as

him, i suffered from high blood pressure. i couldn't eat, i couldn't do anything, but i was placed under medication till i got better. the army have been assuring me for a long time that they will rescue her mail. no, i am not tired of waiting. when i, when i heard that the pope met some of the freed girls. i also wanted to be like other mothers whose daughters were also rescued. i want the pope to please pray for my daughter wherever she is. let her be released, whether she is dead or alive when it please let the begged jerry and government to do something like a cow luncheon and many choice intervention houses next to many of the kidnapped ghost rescued, 90 days belts kidnapped from the town of cheap walk in 2014 still remain me since most residents are wondering why the military has failed to rescue the remaining guilds. the spread of the hush talks as part of their bring back our guest. hey, what's an attempt to put pressure on the government to help get on the gills. bar?

i'm pull to peach was out of teen use. international may do good. that's rob on the latest news for the hour and coming up. how big tank in politics depend on each other to successfully manipulate civilians and shape their views will be less closer to a one world government. the discussion that some modus operandi with . so what we've got to do is identify the threats that we have. it's crazy foundation, let it be in arms. race is on often staring dramatic development only personally and getting to resist. i'll see how that strategy will be successful, very critical of time to sit down and talk

with suffered because my business and you will clean with that was chosen. yeah, americans great. you. when you wrote it, you just got to really just touching, critical, not feeling well, you will still such a short in was named after after the final student info with you with them on the phone and you're still there with her when she comes to yours and i would love the study she was on disability, which of choice was coming to the one off on ok thought it was jewish in the longer you bullshit just in from up. it's a push to, to stream it from your mom because look, noonish knew a divorce. look you school, of course, i don't or wish to hear you. i know for the don't know if i should just to do with these just to play in finances come up

with who is the aggressor today? i'm authorizing the additional strong sanctions today. russia is that country with the most sanctions imposed against it. a number that's constantly growing. i think they chose, the problem was to continue as you speak on the believe senior mostly mine the wish you were banding all in ports of russian oil and gas energy. i have been in another country with a little bit when you have regarding joe, by imposing these sanctions on russia has destroyed the american economy. so there's your boomerang self. ah, hello,

i'm manila chan. you are tuned into modus operandi. billions of people around the world use social media daily. it's hard to remember what life looks like before the internet. smartphones, automated this, automated that the use of technology has certainly made life more convenient for most people around the world. but did you ever stop to think about how that technology is using you, even worse, how governments are using that technology on you? this week we'll look into the overlap of big tech and politics all around the world . all right, let's get into the m l. me, technology is all around you. you're watching this right now because a big tech, but the industry is not as fun and virtuous as it likes to present itself. the same

people who make it so you can laugh at cat videos, share your baby's 1st steps, or your hottest dance moves. are also the same people who shape political narratives at the behest of governments. in effect big tech shapes how you see the world and helps the government see you. joining us to discuss all of this is chris and garage offer co host of the covert action bulletin podcast and technology right. or chris, thank you for being with us. first, chris, let's look at the big picture here. what's your take on the role of big tech and politics both domestically and abroad? just like any big business, you know, big tech has a huge role in u. s. and global politics. and of course the u. s. as a giant role in global politics as well, i would say it's outside because we all know. but the role of big tech is very

unique in a sense that many of these platforms actually play the role of information sharing . the tell us what information we're allowed to see. they share information with us . they collected the news like google news or a so a stream like that, or they allow us to publish on them, but then they determine what's publishable and what's not. so of course we have seen platforms like youtube and facebook, twitter, soundcloud, and so many others take down media that they don't care about. and of course, that influences the role of public discourse when it comes to national international politics on every level. there's also a significant amount of money that flows from the big tech companies, the communication companies. and i think there's a giant connection here between them as well when we look at it because they want to have that influence. and on the other side they want to maintain and stay in.