[000:00:00;00] ah ah true switzerland biggest bang, cbs and credit suisse are in talks to merge as the contagion from the recent banking collapses. newest spreads internationally. also this hour. i didn't see any issue that would prevent multiple additional relationship. close investments with saudi arabia says the path is clear to restore bilateral ties with iran following a deal broker by china, which brought the 2 former rivals back together. and moscow host, the 2nd annual russia africa international conference with delegations from over 40 african nations taking

a thank you for joining us this sunday afternoon. you're watching the weekly here on our to international. i'm peter scott. and these are from the top stories from the week just gone. it's great. have you with us the russian president, vladimir putin has made a surprise sunday morning visit to mario paul in the done yet republic. the russian president drove around the devastated paul city on the as off see to look at major b. construction projects. was his 1st visit to the city since russian forces seized it last spring. russia that is the de nestor public as its own territory. falling a referendum last year, a vote that has been widely condemned is a sham internationally. but even if it's in, so the opportunity to talk with some people there to address their concerns, such as getting a russian passport and beg you the salaries. as imputes in was accompanied by russia's deputy prime minister in charge of

b gentle development. as he visited several parts of the city to inspect the progress of the restoration. the deputy p. m told putin how the city was destroyed in the fighting. some damage to bully, it's immediately visible. what the crane and armed forces did here. when we were advancing, we didn't hit anything, but they were firing from tanks directly, hidden residential buildings. they just destroyed everything, even when there was no reason to do so. they still heat everything inside. they even put land mines in corpses. refugees lived here. i saw this with my own eyes. they performed operations in one room and in another. there were sick people. other people were living in a 3rd room. there were land mines in the medical equipment in the hospital with a so called nazis, neural people would not have done this. obviously, president putin had also held a meeting at the command post in the nearby russia city of ross on dawn. the kremlin said that the russian leader heard reports from the chief of the general staff,

as well as the number of other members of the military brass with the global financial system has been shaken by the fall out from us base silicon valley bank. and now to switzerland's biggest lenders, credit suisse on u. b. s. are considering a merger that could be a catalyst for an overhauled of the global financial system. a sharp dropping credits with the shares this week, raised concerns across european financial markets. as major indices fell on contagion, fears across the board, big banks were affected as well, with the banking say to down by 13 percent this week, goldman sachs predicted financial institutions would remain under pressure until a comprehensive approach is adopted. us markets are dealing with a fall out as well, with banks being prompt, so with $100000000000.00 bay lost by the federal reserve and the treasury department, which are using all the tools the disposal to mitigate the crisis. a recent study

said that more than $180.00 us banks are in danger of collapse due to an insured deposits on the government's cash infusion has helped prevent the meltdown. the fed failure to disclose all the banks receiving aid house calls rumors as well, and has led some mach watches to express phase of a possible repeats of the 2008 financial crush. ll. amid the reports, archie correspondent kelly moore in examines the current upheaval in the u. s. banking industry. the u. s. financial system has been shaken up pretty badly with news of bank failures splashing across the headlines this week. this is the biggest failure since 2008. actually the 2nd biggest failure ever since washington mutual in our september of 2008. meanwhile signature bank march the 3rd largest bank failure in us history. capital corporate is now announcing their intent to a wind down their operations and voluntarily liquidate silver gate bank. this was

a week of bank runs starting out with the collapse of silver gate bank followed by s v, p, and signature banks. caving in this cause lots of market turmoil. 3 banks went down one right after another and this caused panic among investors and depositors. the u . s. financial institutions saw their stocks plummeting. u. s. officials are trying to reassure the public that their deposits are safe, extra liquidity is being provided to banks in order to keep them afloat. joe biden woke up early monday morning to make a speech and give everyone a lesson on the laws of capitalism. depositors will have access to all of them money starting monday, march 13, no losses associated with the resolution of silicon valley bank will be borne by the taxpayer. finally, the federal reserve board on sunday announced it will make available additional funding to legible deposit or institutions to help a show banks have the ability to meet the needs of all the depositors. investors in

the banks will not be protected knowingly took a risk. and when the risk didn't pay off, investors lose their money. that's how capitalism works. let me repeat that, no losses will be borne by tax payers. instead, the money will come from the fees. a banks pay end of the deposit insurance funds. so how is all of this going to play out? here's what we've seen so far. the banks that were left cash strapped have now borrowed $300000000000.00 from the bad. almost half of that money went to holding companies for silicon valley bank and signature to the bank that just collapsed and caused panic on the market. an additional $153000000000.00 was borrowed from the federal reserve last week. this comes through a program called the discount window. this allows the banks to borrow for up to 90

days. now typically the program only provides $4.00 to $5000000000.00. but last week, broke records. more money has been given out than ever in the history of the program . the numbers have already surpassed the 2008 crash. so now the fed is back to printing money, providing banks with additional liquidity. but the federal reserve is also continuing its fight against inflation. and this is going to make that much more complicated. it's a fragile balance between curbing the problem of inflation and propping up the financial systems. now the problem with this plan is they had over $250000000000.00 on their balance sheet. so they'd actually lend out $249000000000.00. so that doesn't really leave that much of a cushion, right? that say if something happens, what happens the u. s. high interest rates as we've covered a lot on the program. and that obviously makes the debt that they're holding on their balance sheet, which was a lot of it within us government bonds was less. so this is really key point you're talking about the interest rates are the key and critical point. yeah. yeah. so

actually is interest rates a rocketed the debt that they have. they have lent to the us government becomes less. right. so that left this bank with a deficit on their balance sheet of about a $1000000000.00. now once that happened, the bank is exactly what the guidelines say. i would say the ceo acts the same way . he said, well, i need to go and raise that $1000000000.00 now to make sure that my bank is in the block now will happen when he did that, that spooked a huge amount of people. a lot of money in the bank companies, mainly who then there was a what, what we could have run on the bank. so about $13000000000.00 which was withdrawn from the bank really. and at that point the bank was totally broke. right? so then the regulates and the government have to step in and take over. europe is now feeling the aftershocks credit suisse took a tumble, and the swiss central bank stepped in to give them a lifeline. financial world is now holding its breath, waiting to see who is next. caleb martin,

r t new york. riyadh says it's ready to invest in the radiant economy that's following the chinese broken agreement to restore diplomatic relations between saudi arabia and surround. how quickly in your mind do you think we're going to see saudi arabia making significant investments and vice versa? i would say very quickly or never and have been and would continue to be for hundreds of years. so i don't see any issues that would prevent normalization of the relationship across investments. successful with its any points in the region state of affairs was followed by a statement from saudi arabia, which said that the country won't trade with those who impose a price cap or any of the restrictions on commodities. if a price kept were to be imposed in saudi oil, experts will not sell oil to an encounter that imposes surprise kept on our supply

will reduce oil production and i would not be surprised if others do the same. for the statement came as us lawmakers introduced the bill that would allow lawsuits against oil companies in opec plus countries. according to the saudi energy minister, the practice would damage the market and creates unintended consequences. with pe plus, looking at ways to counter the proposed legislation. lee and my colleague nikki, are and discussed the perspectives for further corporation between iran and saudi arabia. with a panel of guests the world is changing very fast, and the united states and the europeans do not have the cloud that they had before . and they've also shown that they're not reliable allies are reliable partners. they've shown that enough on new administration and iran, it's policy is to strengthen ties with neighbors and also

pursue asian and your asian integration. those who do not want this to happen in the coming days and weeks will constantly try to use the western media to create tensions, to create divisions. definitely time has changed for iran is a different iraq today, maybe and target are more willing to understand the dynamics feel free on what's happening in the past decades of negotiation. now remember, there is one of the agreement that we're going to have 2 months period or basically seeing how she says iran coming to the deal. so it's going to, it's going to have too much of observation of what they're writing. it's going to come and what they are going to do. so definitely, iran is a neighbor. it's an untapped market. we expect they have 2 trillion dollars worth of goods, an investment and infrastructure. and different things are going to be. it's going to have a stick and iran need, some of the neighboring countries contribute to contribute them back. and this is

definitely aligned with vision 2030 as a lot of ground manufacturer, capabilities. they are very advanced and definitely they can contribute to the iran in rebuilding. let's put it this way. and by looking iran, we are looking a lot of the neighboring countries and that's iraq, syria, lebanon, and yemen. and this is going to play a very big economic value within the region. there's a couple of months ahead of us where we will watch was was where kathy they have had in historically these, these, these, these periods of cooling off and then things worse. and again, but i think now the signal, the, the signal is there, the both sides really want to work for peace because peace actually pays awful lot more than war. i mean the was the saudi got involved in which have been stopped by the americans. we must say of cost them and suit. fortunate a certain point, the human war was costing a $1000000000.00 a week. the diplomatic fail, as we know, was mediated by age and completely bypassing the us,

which is always like to see them at least as its own kind of spirit when it comes fear when it comes to influence. so that's if they can listen to what the chinese foreign minister ministry had to say about this. some in the u. s. style their country as the beacon of democracy. but how surely democratic is the u. s. it is redoubled its efforts to tout its democracy and interfered in other countries as internal affairs and even instigated wars in the name of promoting democracy. facts have repeatedly proven that the drama for democracy orchestrated by the u. s. is never a boon, but a bane for the world. so my question to you is just how worried do you think washington should be about such developments and rhetoric? what would the worry now really is the role that america plays? i completely agree with professor maroney, when he said the world has changed. he's too polite to spell it out in crude terms, but basically, america's not calling the shots. we commentators, such as myself,

are wondering how much longer we use the term usaa gemini, when we, when we come on talk, shows like, like yours. i'm, you know, really, this is the last nail in the coffin now of us leadership around the world. the fact that the chinese stepped up to the mark and broke this deal was pretty amazing. so i think lots of play for very exciting and completely unprecedented. i didn't ever think on be on a torture, talking about saudi arabian piece, the landmark deal to restore diplomatic relations between former rivals. iran on saudi arabia could be rail israel strategy in the middle east. the agreements broken by china seems to counterbalance to the us on israel in the region. more details on this story on much more, you head over to our website israeli and palestinian officials are expected to meet in egypt in an effort to revive security corporation. the willingness of the to, to negotiate comes after a recent uptake and violence in the west bank between palestinian residents and

israeli settlers of the correspondence briefing oftener as more since late december when the new hard line, israeli government took office every aspect of israeli palestinian relations has seen a dramatic decay in that period, and he is rarely forces and sufferers killed at least a th palestinians, according to the palace, dean, health ministry, including militants and civilians. that's more than one killing per day. policy and tax also increased in 2023 at least 13 israeli as have already been killed, including major terror attacks in east jerusalem. the dad this in years, i was, as barbara mentioned in your us diplomat, 20 years ago during the 2nd intifada. and i'm concerned, as are my colleagues in the intelligence community, and a lot of what we're seeing today has a very unhappy resemblance to some of those realities that we saw them through.

settlement expansion is skyrocketing around 700000 sets or is leaving more than 260 outpost all across the occupied west bank in violation of international law. despite numerous and repeated warnings from israel's foreign allies. if promises they win, more settlements to come, it has been long standing u. s. policy under both republican and democratic administrations. that settlements are counter productive to the cause of peace. the vital ministration maintains this his, this firm opposition to the settlement expansion. the security council reiterates that continuing is ready, settlement activities are dangerously imperiling, the viability of the 2 state solution. we urged the israeli government to reverse the recent decision to advance to construction of more than 7000 settlement building units across the occupied west bank and to legalize settlement outposts the number of demolitions of palestinian property that israel considers illegal has

already doubled in 2023 compared to the same period last year, the u. s. reports, these affected more than 11000 people. 400 of them were displaced. fears are that the worst is yet to come after israel's national security minister ordered to go on with a bull doug's in of homes in occupied east jerusalem during ramadan. violating a years old agreement, the woods of the colonialist and racist minister inside escalation. we condemn the statements of the fascist ben greer, whose inciting and walk in to say that the area on fire sundays gathering is a follow up of a summit held in jordan a couple of weeks ago. he israel and the palestinian authority then managed to reach some agreements that just hours after the meeting ended to his rally, brothers were killed in a terrorist attack and how ira, and israel took all its commitments back. the shooting provoked a violin. settlers attack on the palestinian villagers in the north, although occupied west bank one,

palestinian men died. scores of cars and homes were torched in broad daylight pogroms. while the army stood idly by ah, israel responded with intensified idea, afraid in the north, more arrests and killings, as well as strong words. if they could, they would murder us all. but they want to uproot us. i say that our ancestors strike at them and deepen our roots. an investigation was launched into the how what are rampaged, but those responsible have so far not been held to account and no disciplinary measures were taken against israeli military. critics say these bold ignorance by these railey authorities may overshadow their sunday security meeting, as well as these rarely governments general line these ivy, the palestinian, the fairies,

the outcome hall. this summit will effectively determine whether the upcoming jewish and muslim holidays will be a time to celebrate or to mourn. marine from ocean i r t from jerusalem. the democratic republic of the congo is seeking intermediate so immediate cooperation with russia to combat tera, threats in the country, in short, peace and stability. thus, one of the messages coming out of the 2nd annual russia africa international parliamentary conference is taking place in moscow right now. we'll ortiz marina for national, joins as live now from the event itself. marina. good afternoon, sir, certainly seemed lively there. i'm, can you take us through some of the main highlights of the conference so far? absolutely. well, this is all about, of course, strengthening ties between russia and africa as a russia goes away from the west, some 6 different corporations. what were asians that show how multi polar this

world is ever bratia and africa are of course very interested in that. and here today we have delegations from over 40 our african countries, the majority of african countries i should say, and they're having conversations with russia's business and political elites. and they're discussing things such as a corporation when it comes to fields of science and also education. we know that there are around 35000 african students in russia right now. 6000 of them are here on a scholarship there increase in that number. they're actually almost doubling the number if you compare it to 20 once. once also discussing their responses to economic challenges, also another issue is the struggle over western neo colonialism, but a subject that is very sensitive and particular force for africans. and then of course, we have the issue of global security. they're seeking ways of how they can cooperate and ensure peace and stability in russia and also on the african continent. we heard from the democratic republic of congo,

asking for urgent assistance from russia as it battles, terror threats in the east of the country. and also russia state. duma chairperson also spoke with representatives from molly central african republic, zimbabwe many, many more. and it's all about how can they be mutually beneficial to each other and this is all of course, on the backdrop we are expecting. and major russia, africa summit in july in st. petersburg. so this is in a way as a test drive right before that even though this is already the 2nd, i enter national interplanetary session that we're seeing so far. this is and it's just kicked off day one, still have a lot ahead. we look forward to hearing more from you from the conferences, marina causative odyssey. correspondent, thanks very much. well, south african united, a business card federation and bricks youth association leaders who've taken part in the conference shared the prospects of their country's developments within the

breaks organization. africa is the fastest growing image market in the world. more than some of the, even latin american countries combined. and therefore, africa must be recognized as a key player in all economic discussions. and therefore we seed to be central in ensuring that there were becomes of the total. briggs in wakes on equal voting. so these no one who has more power than anyone in the, in the, in the bricks alliance and also breaks wexel national consensus. it, or if one country does not agree to a particular motion with a particular argument at that agreement would not be a one through. so it simply means that, you know, these equal rights, there is equal votes. law, everything is equal is the pay field is equal. if you look at the n d b,

i'm all the 5 bricks members and now including i've been to the couple of the 5 bricks members. i have contributed the same amount in their shareholders equally. it's not that china, my say 40 percent brush, i must have 60 percent. it's all 5 of them have got equal share ownership within the brick space and i think to, to speak to you in terms of where the interest and interest has been vain. i remember in 2018 we were talking about the blue expansion. in fact, china brought it up for the 1st time then and you know, that discussion that of the, and i think this is gave him momentum because now people are seeing that, you know, the bricks can actually be the altima tooth to the, to the, to the west and cleave that multiple. it has those characteristics of creating that multi color world vollmer us national security advisor, john bolton has suggested that ukraine strike targets within russian territory.

arguing that he has current strategy was failing. i don't think you can win war by defending yourself. how can you finally push them out? if you cannot attack inside russia? russia committed an act of unprovoked aggression against ukraine. it can hit targets anywhere in the country without consequences. and they are targeting civilian objects. but ukraine cannot strike military targets in russia. this is a recipe for failure for ukraine. earlier we spoke to former us marine brian barrett tech, who says that john bolts, his notion would be a stretch for ukraine. it's delusional. it's more of the same that we've gotten accustomed to hearing from john bolton. he's a war monger, he bases on some sort of interpretation of strange peace through strength. fortunately, he's talking about capabilities that don't exist. you quite doesn't have the means of doing that on

a large scale. they don't even have the means of operating militarily on the scale they need to within their borders. and so this is john bolton talking about doing something that isn't as an even possible. of course they're going to carry out attacks, but it is just the show. it is symbolic. they cannot, they cannot sustain these attacks. they cannot do them on a larger scale. you are they in arms conflicts and you depend on symbolism and showmanship instead of actually achieving something strategically on the battlefield that, that is the final serious trouble i even if their offense of achieved their, their wildest ambitions. the problem is just like their previous offenses. they lose huge amounts of trained manpower and equipment, and then they have nothing else left. they literally have to hold on until nato

delivers another. another army is worth of equipment. the problem is this, this time around, data doesn't have any more equipment to send ukraine. so, and they're even saying this in the washington post and the new york times, but this is their last, their last shot. this entire exercise is a proxy war against russia using ukraine. this was the whole purpose of the united states, overthrowing, the elected government of ukraine. back in 2014, this was all all intended and this was openly stated in u. s. policy papers. the justice us war in iraq, which left a trailer distortion and an estimated $1000000.00 people dead has passed the 20th anniversary to continue this special coverage of the conflicts. which through the oil rich rich country into chaos and destabilize the entire middle eastern region. ah.

was speaking just ahead of the invasions grim anniversary, former british prime minister tony blair, reaffirm that his belief that the us led invasion of iraq and the decision to dispose the countries lead us about saddam hussein were justified. as considering that the invasion was conducted without a un mandate, and without any actual proof of weapons of mass destruction in the middle east and country. and even if you are completely opposed to the removal of saddam hussein in iraq. the idea that removing a dictator is brutalized, is people engaged in 2 regional was the idea that secreted to invading country, which is good, a democratically elected president. never as far as i know started a regional conflict or has done any act of aggression against its neighbors. you know, even if you completely disagree with, right, you should push back, haven't that argument or recent polls have shown that the majority of americans think the 2003 invasion of iraq was

a mistake. that was the opinion of 74 percent of democrats on 42 percent of republicans back in 2003. the invasion of iraq was actually popular among americans with 66 percent of survey, respondents expressing approval. but now 2 decades on almost the same number. 61 percent say they oppose it to madison, director of the center for counsel had demonic studies. says that australian politicians should have been prosecuted for their quote, criminal role in the iraq invasion. it's a criminal rule which could have been prosecuted on the even under a stallion law. but of course, there wasn't despond amongst lawmakers or law offices to to actually carry out that sort of prosecution. how it as prime minister was a person who lacked charismatic really. he was surprised himself that he came to office back in the ninety's, his his memoirs called lazarus because he my in time that he was more or less revived from the dead for his political career. but it was that same war media that really protected him from any savage criticism for the crimes that he carried out and,

and sustaining because the war with the invasion was quite unpopular here. that was very large demonstrations that didn't make any impact ultimately on the decision of the government to go in. and of course, there was an australian commander in some of the, the great crimes committed the, the twin attacks on the city of fallujah. with the use of what phosphorus over the city, the, the slaughter of many civilians in felicia, that was astride in general, jamal who became a government senator later on, he passed away recently. so strategy was very deeply involved in this administrative went on to be involved in the war, in syria, with the air force slaughtering over a 100 syrian soldiers in an operation that was designed to assist isis, the isis terrorist group to take over the mountain behind their reserve, so when there was no accountability for these crimes, there was something that it allowed those crimes to be committed. again, in another circumstance, on one day mark's agreement to decades for the iraqi people since us led forces invaded the country to impose regime change by force,

or the will continue its coverage of washington's gruesome legacy in the water. middle eastern country authority, examine the effects of the devastation on the beach. and so do stay tuned for that . at this hour, american and coalition forces are in the early stages of military operations to disarm iraq, to free its people, and to defend the world from graves with food and medicine and supplies and freedom with