it earthquakes, turkey. assyria is now talking $20000.00 international rescue teams and joined the local emergency crews in the worst effect areas, but hopes of finding more survivors. those hosts are fading by the watch, dw, up next to stephen beardsley. with the business of date, i will see you tomorrow. with every journey is full of surprises. we've got all out to give you some test one day in the footsteps of the great great hope and i'm in your northernmost count

to play with 3 times one. still very much alive. d w channel, you'll guy to the potential starts in germany, new it recognizes where exactly it was fun and i've learned a lot of our culture history. all their d. w. travel extremely worth a visit blue. oh, i'm stephen beardsley in berlin. here's a look at our top stories. the economic toll of monday's earthquake begins to emerge in turkey and syria getting aid where it's needed most could be difficult. employees pain is investors gain years and disney initially hit recent highs after

it announced new job cuts and brushes. banks have fared surprisingly well against western sanctions, but they'll need new strategies as the war continues. will hear from an expert welcome to our show. rescue efforts in turkey and syria are continuing after mondays, devastating earthquake. even his hopes are fading, that there are still many survivors to be found in the rubble and promises of economic aid are. meanwhile, pouring in. the need is clear, countless victims are now homeless. the scale of 8 is meanwhile unclear how the money will get to where it's needed is also an open question. first aid has arrived in turkey from all over the world, but not enough by far in the long run. according to the world health organization up to 23000000 people are affected by the earthquake, they will need new accommodations. one of the biggest challenges is building enough housing within a short period of time. it's difficult to estimate the cost of the damage. experts

refer to earlier examples like the 1999 earthquake in the east unable area. that earthquake was creating costs, approx, 20000000000 rattle. now this old quade is, has a much larger scale in terms of spatial arrange, a city's affected. so the costs are very likely to be much higher. in syria, the situation is even more complicated. access to humanitarian aid is not directly affected by sanctions against the country, but if there are private companies involved in a providing death, then because of the uncertainty whether they are allowed or not, to support a people in the country, there's a huge reluctance in the private sector, this can be circumvented, governments just overtake the logistical issue. the united arab emirates says it will provide nearly $50000000.00 to syria. china sending $4000000.00 to the

government there. and germany is increasing its donation to charities working in the country by $1100000.00. the political situation in the country could complicate access to aid. syria has been suffering from a civil war between the government and rebel groups for 12 years now. many borders to neighboring countries are closed. humanitarian aid can only be delivered over certain designated border checkpoints. serious president bashar al assad could use a humanitarian cause to try and loose an economic sanctions on his regime in return for opening up more borders. let's good out of some of the other global is the stories making headlines. toyota says it's 3rd quarter profit fell 8 percent to $5200000000.00. but the japanese company is keeping its full year forecasts unchanged. as the cheaper yen helps offset soaring material prices, toyota retained its title as the world's top selling car maker over volkswagen last

year. despite industry why production setbacks caused by chips shortages. south korea's anti trust regulator has imposed a combined fine of 31000000 euros on 3 german car manufacturers for using diesel emissions cheating software. the regulator said the volkswagen b b m w and mercedes colluded to reduce competition and restrict consumer choice. the fine was smaller and expected in india. central bank governor shock t cantor das says the lender is raising its benchmark interest by $25.00 basis points to 6 and a half percent. and that's the 6th increase since may, when it stood at 4 percent. it's also the smallest, but dar said he was keeping the door open for further tightening disney shares initially hit a 5 month high after the company announcer would cut $7000.00 jobs worldwide slash costs by 5.5 $1000000000.00. a disney says it will spend less than producing films

and series following similar announcements by at warner brothers discovery, and netflix as guardians quarter in new york. ah, yes sir. big announcement by disney cost cutting, job cutting, and yet the share price then goes up to the sir recent hi. how do we explain this their wealth, even sometimes some investors on wall street are a simple mind to hit. so whenever they hear cars cut, that is the, and as a positive actually there had been a pretty aggressive push from some activists share holders said to lower costs than disney is doing. so we're talking roughly about $5500000000.00 over the next couple of months or so. but then also if you look at the numbers, they're both better than expected. and we had definitely also some areas where a disney was really showing some strength, especially when it comes to the sector parts and experiences. so also

a cruise ships are part of it. so there was a profit and revenue increase in that section alone by more than 20 percent. and then also, if you look at the streaming and business said disney plus losing some subscribers, but less than expected. so bottom line, less costs and the numbers a bit better than expected. and that, that the trick, at least early on in this is disney's 3rd restructuring in 5 years. what exactly is it trying to get right? or what has it been getting wrong to this point? or, well, i mean, steven, it's definitely been quite a ride to him in the past. the couple of the years, sir, my mean bob eiger, the a c. o. m, who made disney? what it is today was all those extras that the ex acquisitions were so picks up is above all, with some of the lucas film and studios. i mean, he m stepped down. and the beginning over where the pandemic started and bought

a chic took over. he was quite successful too, especially in those tough a pandemic time. so to keep a disney afloat. also making definitely quite some progress with parks recently, but he never got really warm with the creative team and this is what bob eigen now wants to change. so he's back at the top of disney since november of last year. so that is definitely one part of where disney is focusing on. so to let the creative people having more freedom and tried to create as much content as possible and also possibly, or hopefully here for not too high of a price for a ins court in your thank you. western sanctions to punish moscow over the war in ukraine. have crippled parts of russia's financial sector. the banks have done better than expected, but they still faces struggle going forward. this week, the head of russia's v t b bank said its losses last year were due entirely to sanctions. last year,

russia had $100.00 loss, making lenders as the sectors, profits slumped, a whopping 90 percent. earlier i spoke to alexander lindman. he's a professor of russian and east european politics at the free university of berlin . i asked him if russian banks are struggling specifically because of those sanctions versus ancient certainly have an impact on the situation of the russian banks, but i can't say that they're really struggling. the situation is bad, but actually better than what i would expect a year ago. what's that? what is that a result of? should western sanctions be biting in more firmly have as russian, as the russian government basically responded more effectively? what are you seeing? i don't think that's an issue of western sanctions being around it designed. i think it's simply ups objective limits to what sanctions can achieve russia had before the war, very sound public finance and very professional team of the russian central bank.

and if you are a target such an economy with sanctions, this is quite resilient and russian central bank since you made no mistakes which would lead to worse outcomes. at the same time, we've seen indicators that russian capital for these banks is sinking over time at shrinking. is that not a problem in the mid to long term? absolutely, and in demit to long term, we should expect that ration banks are going to lose more and more international context that potentially even the general trust of the population. and the banking system is going to decline and then banks will come under pressure. but this is indeed something what we're going to observe in the year or even decade long perspective. as of now, because russian banks managed the early crisis relative to, well, the trust of the population is stable and the financial infrastructure of russia continues to work. what did the russian government get correct when sanctions 1st hit, we saw capital controls going into play into place early. was that the right move? that was absolutely the right move. because the 1st thing russia had to do in the

beginning was to quiet the markets to make sure that a bank ran doesn't happen, that, that system function smoothly. so that was the immediate and very fast solution. another thing which russians so government may try it, is that it didn't use sound protectionist measures, which at least some groups in russia, suggested there was no massive confiscation of property. you've not, that of the west and companies. there were only very limited interventions in the market process and primarily in form of increasing public expenditures. for example, what time production. so essentially, russian government lead the market work and markets adapt. we saw lately that russia has tried to made efforts to link its banking system to some extent with iran, for example. we're still not exactly clear on the extent of that connection, but when such efforts really help it, when we look at that mid to long term challenge of shrinking capital, i don't think that this effort to really help it. and i think what will happen is

that russian companies will find different channels of doing export and import, which will be less transparent. and which allow them to receive necessary payments for their goods or to pay with the goods they buy by. it will not be associated with their traditional so to say development of the banking system and its connections to other countries. here are, quite frankly, i see russian financial system moving towards greater and greater isolation over time. all right, that's alexander live monday at the free university of berlin. thank you very much . thank you. and finally gets wallets out sports memorabilia from some of the best known american athletes is going to auction in new york. the lot is expected to bring in more than $20000000.00. and one of the prize items is a $916.00 baseball card featuring babe ruth, at the start of his career, the mint condition trading car has been valued at $3000000.00. new york yankees jersey warren by george joe maggio is also available, valued at nearly $1000000.00,

sign sneakers, one by 4 time basketball in be player. le bron james. also in that lot up for grabs. alright, is reminded her top business story. even his hopes are fading, that there are still many survivors in the rubble promises of economic aid or pouring in. after monday's devastating earthquake in turkey and syria, that's our show. you could buy no more ally d w dot com slash business. i'm steven beardsley. thanks for watching. oh, love in times of war. oh, you train people are getting married more than ever before in view of the existential threats, marriage promises

a modicum of safety. that for many relationships, warren flies are a difficult test. focus on your next on d. w. cut the message out of your diet to best more to fat than be am i you can't run away from those calories. the truth about that has been strengthened. kelly, trying to adapt a new perspective, what really helps accessed wait in good shape with 60 minutes. w o. mind is with getting ahead, using tech as our documentary series founders valley,

it's africa to meet the founders, empowering their continent through digital in of, oh, transformed on with and living conditions in their country and inspiring with their ideas. this valley africa started february 13 on the w. ah, this is focus on europe. i'm a lawyer babel ola, welcome to the show life in a war zone, people in parts of ukraine are adjusting to.