it's being groomed for leadership role. whatever the answer, the intended message of the event was clear, north korean regime is here to stay. what cindy, darby needs live from berlin coming up next is the latest business news with my colleague steven betsy. and nobody can also find much more news analysis and video on our website that is d w dot com. i'm a little comment, and so watching, i'll see, said little nar, do davinci, mysterious masterpiece, is perhaps the greatest leonardo masterpiece and the collection of the louvre. it is the virgin of the rocks. was there another symbolic meaning to this beautiful painting that perhaps we just don't understand today?

the search for answers starts february 10th on d w ah mm. ah, 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 shares 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 8 or meanwhile pouring in. the need is queer, countless victims are now homeless. the scale of aid 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 ist unable area. that earthquake was creating costs, approx 20000000000 rattle. now this earthquake is, has a much larger scale in terms of spatial arranges cities 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 a country. but if there are private companies involved in a providing them 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. a government just overtake the logistical issue. the united arab emirates says it will provide nearly $50000000.00 to syria. char no sending for $1000000.00 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 loosen economic sanctions on his regime in return for opening up more borders. let's get out of some of the other global business 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 find 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. 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 downs months 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 minded. so whenever they hear cars cuts, 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 strengths as actually 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, 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 this nice 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 the recently, but he never got really warm wrist, 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, saw to let the creative people having more freedom and tried to create as much content as possible and also possibly, or hopefully he for a 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 see that they are 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 russia, as the russian government basically responded more effectively, what are you seeing? i don't think that's an issue of western sanctions being wrongly 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 simply 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, in the mid to long term, we should expect that russian 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 bank 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 ration so government may tried 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 western 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 led 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 with 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 man at the free university of berlin. thank you very much. thank you. and finally, get your 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 1916 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, worn by jordan. joe de maggio is also available,

valued at nearly $1000000.00. signed sneakers warned by for time basketball in b p. player. le bron james, also in that lot up for grabs. alright, as a reminder of our top business story, even his hopes are feeling that there are still many survivors in the rubble promises of economic aid are pouring in after mondays, devastating earthquake in turkey and syria. that's our show. you can find out more line d, w dot com slash business. i'm steve busy. thanks for watching into the conflict zone with sebastian a chinese balloon flying high over america has led to the cancellation of high level talk between beijing in washington. my guest in beijing is senior cameras. you both expert on chinese security and strategy and apart from the balloon verify,

we have a written for washington. wanted to discuss what happened next. conflict zone next on d, w to the point and strong opinions. clear positions, international perspective, the u. s. and china have never really trusted each other. now the 2 superpowers have once again clashed over a chinese balloon, flown into u. s. territory, but just how bad can it get? on to the point we ask us china rivalry. what's behind the growing 10, a 60 minute, d, w. o. you become a criminal pre colonial already know who's with

hackers and paralyzing entire societies. computers that out somewhere you and governments that go crazy for your data. we explain how these technologies work, how they can work wilson for, and that's how they can also go terribly. watch it now due to a chinese balloon flying high over america, has led to the cancellation of high level talks between beijing and washington and hold it any chance of a thought in relations between the 2 countries. the american said the balloon was spying and shut it down over the atlantic. chinese claim it was studying the weather and straight unintentionally off co.