at how the war in ukraine is shifting global alliances. and at the oscars, it s in your a clean sweep for the sci fi from everything, everywhere all at once. welcome to world news america, in the uk, on pbs, and around the globe. we begin tonight here in the unites states, where president biden has said americans should rest assured that the us banking system remains safe, after the failure of the california based silicon valley bank. markets wobbled as regulators tried to contain the damage from the biggest us bank failure in 15 years. here s what the president had to say. thanks to the actions of my administration, americans can be positive their deposits will be safe. they will be there when you need them. small businesses who deposit their money will be safe in knowing they can pay their workers and pay their bills. hard working employees can breathe easy as well. let s take a look at why silicon valley bank collapsed. until last friday it was the 16th largest bank in the
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hello, i m christian fraser. you re watching the context on bbc news. a 200 billion dollar project to build the next generation of nuclear submarines. on the pacific coast, the leaders of the uk the us and australia sign the aukus defence pact, to build new submaries in britain and australia. a tense day on financial markets as bank stocks continue the slide. president biden reassures americans their money is safe despite the collapse of the silicon valley bank. and another walk out. tens of thousands ofjunior doctors on strike in england for three days, leading to some of the most serious disruption in nhs history. tonight with the context, lord kim darroch a former british ambassador to the united states and uk national security adviser, and also ian bremmer