ah ah, the global financial system is shaken by a punch in the stock of switzerland, 2nd largest bank renewing fears of the next world wide financial from russia minister of defense called american road, quite near russia. border provocative as pentagon officials contact their russian counterparts for the 1st time and month after the american u. a. b crash in the black sea 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 ross shots a different way. in fact, we help africa as an example. we already have molly, where wagner soldiers,

and trying to get his parents. ah, good afternoon for martine, optional in moscow, and welcome to the hours most vital stories across the globe. i'm fear allies about banking stocks and asia have taken a tumble following reports that the catastrophic turmoil at mega bank credit suisse, could have world wide repercussions. dragging global markets lower. as the news broke japan topics banks index dropped by 6.4 percent during the morning session with hong kong, standard chartered and south korea, shin hands financial group, trailing close behind. unraveling investor confidence across continents and spanking shares were hammered in both europe and new york. that comes after credit suisse bank stock plunge, rattled global markets with the swiss central bank,

stepping in with a $53000000000.00 lifeline. that's. that's credit. so his biggest shareholders, saudi national bank, said it would boost its share. it wouldn't boosted share past the current level of just under 10 percent. triggering a fall of 30 percent in credits with chairs that cost jitters across financial markets, parking a slump, and major indexes. this comes hot on the heels of financial turmoil in the us, where the collapse of 2 major banks has sent roubles 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 series 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, they kick in above 10 percent investment economists, new rail rubini said in an interview that they could histories crisis is a quote, lehmann moment for european and global markets. referring to the layman 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 of francis b and b about the bass stocks temporarily halted earlier in the day as its value plunged. as did that of so see it, isn't it? i'm good. yeah, i think her and germany's chorus bank, the ceo of global investment giant black rock, larry think, suggest that silicon valley bank was just the 1st domino to fall, calling it 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 to, etc 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 is also told french state tv that there was not a risk of contagion in france and that french banks worked 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 flat footed, a pro european central bank governor,

he still liked. yeah, 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 la gown had figured at 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, lou met assured that sanctions against moscow would bring down the russian economy . as european union commission, president ursula vander line announced that the west was cutting russian banks off from the swift system. when some shoot, if you guess the financial sanctions are formidable affected once. and i want to leave note and we do route on the european determination on the subject. you are

going to wage a total economic and financial warren russia. it 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 that they know that they'd actually be saving moscow from the 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 managed to just find to isolate itself from the u. s. banking system. 562, u. s. banks went belly up over the past 20 years, yet not a single one in canada. so here we go. yet with yet another example of europe 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 the you has to learn its lesson the hard way before coming to its senses for its own sake. political analysts and journalist john verola says western governments will try to solve the current crisis the same way they did it back in 2008 by simply printing more money. this is what happened in 2008. i mean, you know, the government belt out the big bank by putting more money, right? we had all of this, all, we took all these measures to say the bank for printing printing, right? it was called q e quantitative easing. it was basically printing one trillion, 2 trillion dollars and sorry, i can't remember the exact figure, but they threw all this money at the bank and that money. 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 the depletion in the

value of 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 directly with the poor measures that were implemented after 2008 and apocalyptic conflict could be the consequences of the u. s. air for shooting down a russian aircraft in international airspace. that's according to the russian ambassador to the u. s. responding to comments from a republican senator. a deliberate attack on russian aircraft and neutral as space 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 pilots who should be held responsible, but american politicians horton citing an apocalyptic conflict. but we should hold

them accountable and say that if he ever get near another you asset, 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 the u. a. v 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 the drone operator tried to perform several top russian officials have already stated that the reaper u a v had no business in the vicinity of stuff estoppel. and that such recognizance operations are dangerously provocative. r t. the marina close start eva has more. the incident was caused by u. s. actions that violated the flight restrictions zone said by the russian federation, will note that the flights of american strategic unmanned aerial vehicles near crimea and shores are provocative in their nature and created the conditions for

escalation in the black sea. moscow said that the you west 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 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 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 tune. 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 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. been hysterical, really accused in russia and said that russia did this on purpose purpose and now literally less than 24 hours later we have the u. s. state department saying that this looks like an unintentional incidents 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're 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, ocean jed approach from the rear. dumping fuel u. s. officials believe it meant to come up in front of the drone, so 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 where there were prepared. ah, but perhaps it was a russian as spokesperson. ah, literally the scott who said at best, actually 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, a gale of rog mentioned are 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 whose slam he have for turning a blind eye to the situation. resnick of plan 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 his soldiers 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 was 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 hasn't improved and is demanding immediate action from the government. kev's western allies have also lashed out at 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. we 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 i'm 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 going to clients. again, they're going to alarm their pockets, like they've been doing off of the us aid and money this when going to prop up this regime from the united states. so i'm a true, honest assessment of what this means. is it spells disaster for you, correct? because i think it shows a lack of confidence amongst those who are in charge, and who have the most information on 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 malaysians have given for the large migration flows from african countries in response to accusations from the italian government that the russian private military group, wagner is behind italy's migrant woes. we heard from local residents. mossey was up for me. what pushes africans to take the path of europe as the under development of different african states, and a lack of work. we can't accuse rush on all these points with 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 politician to put in place a strategy you to better keep the children on their territory whom you could have her. eliza, thank you, sir. la africans generally leave africa for several reasons. come on security reasons, financial reasons, and others, even out of

a sudden all desire to discover new horizons. russia has different ways to effectively help africa from. as an example, we already have molly, where wagner soldiers fight against terrorists? oh, is it wrong? but it was a delay. i don't think it's because of russia. young africans flee for europe, didn't start to date. it's through the conflicts are one of the reasons talk about what brings conflicts. it is bad governance is corruption before distribution of goods. all of these because now turns into conflicts that are on demand in the development of the african continent, numbered retina. it only 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 $20000.00 more people have already arrived since the start of this year. 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 an molly at the request of the country's government. according to the russian foreign ministry, we spoke with pat african analysts from neighboring burkina faso, who says that all western attempts to blame, wagner only indicate that western involvement in africa has failed. knowing i think this state is completely far fetched and answer if you will, then they are looking for an excuse to explain their failing, their ability to help their ally ukraine. and to blame the wagner for instigating the influx of migrants, sim. only the west is capable of such fabrication, the cooperation with other player b, russia, china, or iran is very important in african countries which had very tangible failures and worked. the western block can re orient themselves beside with more recently or less than 5 years ago. the african countries began to trust other ally not from the

western block. as a result, there has been alone and security and the central african republic under president taught. there are looking a faster which turn it back on. the western block only in january now has operational drones. there are being used to fight terror, real results and reclaimed territory. that's what the alternative block is capable . around 30 members of notorious nigerian militant group local 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, mcgriff's violence against the nigerian government had led to deaths 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 m activity, which increase last month. the 4 countries set up

a multinational joint task force in 2015 with the aim of defeating the arm group and promoting stability in the region. boca her arm became notorious around the world after the group abducted more than 200 school girls, many of whom have still not returned home local journalist currency. beatrice brings us his story. it's been over 8 years now, says 276 crew spent joe speaking the edges of 16? 18. where can love to buy water? i'm so robust from yes. school in the state of both north in nigeria for i all to the read, the school was closed or 4 weeks due to did to re tune security conditions. what to begin with, that in order to write to the final examinations. who now, when i would have completed my education, if they didn't deduct 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 me, but who are got to a 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 and newman in

a downwash state where they publicized my abduction. as one of the missing chipper 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 houses 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 tourist rachel can only wonder what her daughter was going to. she asked 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 g. hardest terrorist of the use of violence. when i know when, as i suffered from high blood pressure, i couldn't eat, i couldn't do anything. i was placed under medication till i got better. the army

have been assuring me for a long time that they'll rescue her maiden. no, i'm 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 hope, begged an i jerry and government to do something like a cow luncheon and many trace intervention house next to many of the kid not goes rescued. 98 gills kidnapped from the tone of she bulk in 2014 still remain me since most residents are wondering why the military has fields to rescue the remaining jokes. the spirit of the hush talks us part of the bring back our ghost company was an attempt to put pressure on to the government to help return the gills bar. i'm full to patrols out a teen use international may do good. and so news just in from

the southern russian city of rust off on dawn, where a massive fire has broken out in a building next to the nations federal security border services bureau according to citizens. a loud blast was heard before the fire. the territory of the border services bureau has been damaged. there is no reports on any dust yet. medical staff are on site and will bring you more on the story as we get more information. that's all for now. head over to r t dot com for all the latest breaking news and updates. and don't forget to follow us on odyssey rumble and gab for more. thanks for tuning n, we'll see a back at the top of the hour. ah . every year on august,

the 1600s of people gather in the center of riga to commemorate the land fans who fault with nazi germany in beth and assist attachments during world war 2. this day is known as legion in a day. i see tooth really come on when you get here at the minute. amanda will be sitting there with me. paula just got started with advocates. if the veterans claim the lengthy and soldiers had nothing to do with the trustees committed against jews, despite historical evidence, to prove that contrary with you. of course, you thought that was what those cook authorities were pulling this up like a socialist russian conversion with disabilities. so what we've got to do is identify the threats that we have. it's crazy

confrontation, let it be an arms race group is on a very dramatic development. only personally, i'm going to resist. i don't see how that strategy will be successful, very critical time time to sit down and talk a whole when i was showing wrong, when i just don't a whole new world yet to shape out this thing becomes the advocate an engagement equals betrayal. when so many find themselves worlds apart, we choose to look for common ground. the one we think of micro chipping, we usually think of animal like the beloved dog or cat that occasionally wonders

off. and you need to track it or endangered animals that get released back into the wild and studied in the name of science. but now the industry is changing and moving towards miko tripping for a human. yes, the same radio frequency identification or our id technology once used for animals, is now being re adapted for identifying and verifying human. i'm christy i and you're watching the cost of everything. where today we're going to be looking at the micro tripping industry. what are the advantages and disadvantages of getting chip? what will the future look like me? the micro chip was 1st implanted into a human back in 1998, but it is only during the past decade that the technology has been available commercially. these chips weigh less than a gram and are about the size of

a grain of rice and are comprised of a tiny micro chip encased in a bio polymer. while there are different ships on the market, for the most part, they all use near field communication or n s c, which is the contactless payment system in smartphones or the other one r f i d. these chips admit a radio frequency signal that transmits its unique id number to a scanner. the number then access is a computer database containing the client's files. customers can opt to provide as much or as little as they want to link onto their chip when they undergo the procedure. now with this technology, these chips can be encoded so that with a wave of your hand, you can make payments at the car terminals. start your tesla, open your home door, ride the metro access your workplace, and many more. the average cost of the procedure of having

a micro chip implanted is only a $150.00 to $300.00. and these chips can last for 20, even 40 years compared to other health. wearables that can cost twice as much. and then only last a few years. investors are betting on this appeal with expected compounded annual growth rate of 22 percent. the industry is expected to be valued at over $6400000.00 by 2027. and today, more than 50000 people worldwide have elected to receive micro chip implants. this technology is especially popular in sweden, where more than 6000 swedes are replacing key cars for implants and even just for emergency contact information and social media profiles. this rate of adoption makes sense in a society like sweden, which is the 2nd most clash, the society after canada in the world. aside from simplify.