ahead this st. patrick s day friday starting with desperate measures on wall street. nearly a dozen banks teaming up to prevent this week s financial turmoil from spreading their $30 billion life line to save another major bank from potential ruin as janet yellen works to sooth the markets and reassure americans that their money is safe. i can reassure the members of the committee that our banking system is sound and that americans can feel confident that their deposits will be there when they need them. plus major move in china s partnership with russia, announcing this morning that xi jinping will visit russia next week at the invitation of vladimir putin that comes as russia continues to search for the downed u.s. drone intercepted by a russian fire jets. why the pentagon says russia won t find anything useful even if they do track it down and rage on the streets of paris, thousands of protestors rise up over an unpopular move by macron raising the age of retirement
sophisticated weaponry is helping ukraine challenge for key cities, in the south and the east. us presidentjoe biden and china s president xijinping held a phone call today, and there were warnings and assurances about the us position on taiwan. taiwan is an island off china s south east coast. it behaves like an independent state but beijing considers it part of china, and says it will re take it, by force if necessary. there have been tensions between the us and china over that possibility. and today, xijinping told joe biden that the us should abide by the 0ne china principle with regard to taiwan according to chinese state media. with regard to taiwan and president xi said: those who play with fire will only get burnt. joe biden responded that on taiwan. the us policy has not changed. let s remind ourselves what this is all about. back in may, this happened. are you willing to get involved militarily to defend taiwan, if it comes to that? yes. you are? that s t
but a huge breakthrough on the president s agenda with news that democrat senatorjoe manchin will finally support a bill that injects billion into key climate policy. and in ukraine the counter offensive is on with progress to report around the city of kherson but will the supply of weapons from the west come quickly enough to sustain the momentum? tonight with the context, the republican strategist rina shah and chief political commentator for the i paul waugh. hello, welcome to the programme. it has been a while. four months in fact, sincejoe biden and xi xinping spoke, on the phone. today the two leaders talked for two hours 17 minutes. a long time. but let s be honest, there s plenty to talk about. the war in ukraine, china s behaviour in the south china sea, trade embargoes, nuclear proliferation, taiwan. and specifically the planned visit of the house speaker nancy pelosi, who is heading there next month. that has infuriated beijing. ms pelosi would be the highest
Consequence in terms of the pricing of Country Gardens debt. Notjust for the company debt. Not just for the company but for the debt. Notjust for the company but for the sector in general. It could create yet another market turbulence, which we have seen in the past few months already. Now, i would say the key thing here is chinas problem like many other problems. Inaudible. Speaking of china, the us Commerce Secretary has warned china in interviews on us tv over the weekend that the patience of American Business is wearing thin. The secretary, who was in china last week, said us companies deserved a predictable environment and a level playing field. She commented on chinas economic slowdown, saying the worlds second biggest economy did better when it was more transparent and market oriented. One of chinas main trading partners, australia, will be releasing its latest trade figures this week along with retail sales and growth figures. Also the monthly rate review by the Reserve Bank Of