take without several key players, including you so some poor poor who's caught the game winner against them the last time around. whenever the outcome, this rivalry is about more than just points, pride and bragging rights also on the line. that's all we have time for, but after short break, christie plaza will be here with all the latest from the world of business. this one is a special show for her. so excuse me. make sure to stay extra tuned on public lillius . thanks for your company. i'll be back again at the top of the next her with my voice hopefully take care. ah, what are sports all about in winning fighting, scoring. we say thereabout never giving up the most exciting sport stories about people,

their passion and their dr. sports life every weekend on d w. ah, if you ever have to cover up a murder, the best way is to make it look like an accident. raring to read. he's never read a book like this. literature list, 100 german last reads. the the, the u. s. and you find common ground on the inflation reduction act. the european commission president was washington for a word with joe biden about his controversial subsidies for green business. we'll hear from our correspondent. i'll find the show. it's the largest bank failure since the 2008 financial crisis. us authorities seized control of silicon valley

bank after a run on deposit funds. global banking shares into tor mild. we've got more wall street, and before day work week is proving popular, particularly among ball. welcome to the w business. i'm christy plaza in berlin. us president joe biden and european commission president ursula bonner, lie and say they've made a breakthrough to resolve conflicts over the inflation reduction act. the european union fears the massive package of subsidies for green tech companies in the u. s. could lower business out of the block for discussion was extending the favorable conditions to your companies and hopes of avoiding a subsidy war and a joint statement. the 2 sides said that they would start work on a critical raw materials agreement to end the dispute. for more, we go out to d, w as mckayla kaufman in washington. mikaela. what came out of the talks and they just finished up well,

a very well choreographed, of breakthrough on the inflation reduction act. that's at some, almost 4 and a $1000000000.00 worth of subsidies on state support and investment in green tech industry here in the united states. and that had left out european countries. they simply weren't within the umbrella of that agreement because the e u doesn't have a trade agreement with the united states. now it was a fund alan came here and this was of course, very well prepared, knowing that they would need to have something to present. and what the 2 leaders of launched to day is more talks yes, but with a clear target of actually reaching an agreement on those crucial wu materials needed at for green tech of the future that goes into batteries for instance. and that will make it easier for also you companies to get at least gain some access at to the tax breaks and the subsidies at that are under the so called ira umbrella.

so at least something in foot was off on the line has to. so for this visit, that is more concrete than just pledge is of unity in this transatlantic alliance. i saw a lots of talk, a little comment. it sounds like progress has been a made. now talking about critical raw materials. i know we're also talking about minerals for electric cars. did they talk about electric cars? i mean progress, they've made there. can you tell us anything about that? well, that really feeds into electric car production. what you're unlikely to see is that entire cars will be exempt from that, and both sides are still and it's, it's an open secret, really competing for where there's industry's of the future will be base. but what both sides of now found is that companies are frankly shopping around at full work where they can get at the biggest subsidies, even if those subsidies don't necessarily determine whether they will build that

next battery factory. for instance, in the e u or in the united states and all the companies we spoke to here at this and also said that there are other factors that play into this, for instance, em skilled labor. that is a huge shortage actually in the united states, not just in europe. and so the, this looks like a good a great times for companies to actually get subsidies without really a new investment decision in returns selling already made decisions as something new. and they're both sides have discovered a joint interest and have said that they will coordinate better in the future. basically let each other know about subsidies that they are planning and be talking to each other. and not just that companies shop around for the highest subsidies or as my hail, i could not bring up insights from washington. thank you so much. us authorities have sees control of silicon valley bank to protect depositors at the

california base bank. as banks whoa! as a spark, fearsome contagion in the sector. silicon valley bank has lost $1800000000.00 in sales of securities in an effort to raise funds. with interest rates rising f b, b saw heavy withdrawals and needed more liquidity be worked with over half of us tech and health care startup. it's shares dropped 60 percent on the news taking other us banks down as well. for more we have young court with us from new york. now young, the wall street journal has said that this is the 2nd biggest bank failure in u. s. history. how significant is this collapse? clearly, it is very significant and banks di overnight. so the saying goes, i mean this time around, regulators didn't even wait for, it's been high, but they control during office hours, so to speak. it is definitely especially the speed of the call up so quite

breathtaking. the stock already got to hold it to before and do a lot of other financial institutions and also stock scott, under and heavy selling a pressure here on the last the trading session of the week. sounds like an exciting day at the office for those people. i mean, this is the 2nd us bank failure this week after silver gate. is this purely a coincidence or is this sign of a sign of something greater happening in the space? i don't think that it's a coincidence. there is a lot of pressure building up and if you see what happened, specially with the silicon valley bank, one of the problems is that the federal reserve with a rapid speed has increased interest rates in the last year. that on the other side has put pressure on prices for a treasury. so for bonds in general, and that actually is cost. a lot of us bank to sit on unrealized losses. that is

not a problem unless clients come and want to make their money back, because at that point, banks are forced to sell an asset of treasury with a big loss. and then we have the problem that silicon valley bank is facing. so it is not unlikely that other smaller regional banks might also get under quite some pressure. what i do here from experts in general, nobody really believes this is a situation like 2008 when we had the big financial crisis. but it all depends on a client and the mood of overall, if we will have more runs on the bank in the days and weeks to come with an exciting close out to the week that was young quarter new york have a great weekend now to some of the other global business stories making news. the u. s. government is reporting that employers added more than $300000.00 jobs last month despite beating expectations. analysts say the federal reserve still

might increase interest rates again as a way to combat inflation. when the fed type of credit, it typically means higher rates on mortgages, cars and business loan, as well as credit card, borrowing german rail operator deutsch bond is warding while way. a $68000000.00 contract to supply component as it undergoes a digital overhaul. germany recently said it was considering banding, the chinese company from providing parts for the telecom infrastructure, citing security concerns. the deal was made in december, but had not been previously reported. france u. k. relations are getting a renewed start french president and manuel macro and u. k. prime minister issue soon after our meeting to discuss closer economic and political cooperation cooperation between their country. it's the 1st bilateral summit in 5 years time between the 2 countries have often been rocky. britain voted to leave the european union. now i'm talking to you on a friday and if the for day work week were in place, then i should well be into my weekend already. now that's not my reality. but small

businesses in london have held onto the shorter work week. model fridays are off a dream for shop own anna, who's throwing all fears overboard. you know, with the customers going to be upset because they enter, they can only come monday to thursday. you know, we can have problems with suppliers and getting things when we need them. but then there were other things like and are we going to create some kind of how we correct monday to thursday is just really horrendous. for the past year. her employees have been coming to work half an hour early to this allows them to organize the day to compensate for the hours. they don't work on friday. also increasing productivity. all the while getting paid the same. that makes you want to work harder. you know, you don't mind putting in the effort because you know that your,

you're getting it back and you feel, i think probably feel more valued. it's a model that's been working in other companies to the largest trial in the world. $61.00 british companies tested the 4 day week for 6 months. the majority want to keep it that's because 39 percent of employees were less stressed. the companies reported 65 percent fewer sick days and increased revenue by 1.4 percent. a key factor in this with employee satisfaction, according to the studies author's health and wellbeing of employees themselves. that has been right effect. so not just basically working people to the bone. you also increase the quality of that work increase in the loyalty and half of happiness, so not having to recruit all the time or will struggle to retain staff. in fact, you have a stronger company with workers who are happy and attentive. it's the same at the bike repair shop,

although his workload has remained the same. jack feels much less stressed with the 4 day week. it's great. it gives you time to relax and unwind and still have time to get chose down to the house and spend it out with the partner. so it's a huge improvement. say general balance here. they want to stick to the 4 day week and wish each other a nice weekend when they leave work on thursday evening. and let's have a another look at the top isn't story that we're falling for you. that's our u. s. president joe biden, and european commission president ursula vander land say they've made a breakthrough to resolve conflict over the inflation reduction act. the 2 sides said that they would start work on a critical raw materials agreement to end the dispute over green manufacturing of that he's well, that's our show. if you'd like more, you can find us on v w dot com slash business. we're also on the dw news,

youtube channel, and on facebook, i'm christy plants and coming to you from berlin for me in the whole team. thanks for watching and have a wonderful weekend and making the headlines and what's behind them. d. w, news africa. the show that typically issues have been the continent. life is slowly getting back to normally where the streams to give you enough reports on the inside our corresponding with on the ground reporting from across the continent. all the trends doesn't matter to you. next on d, w charlie and

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a no. the god bagley or for the bench to okay to stay nanda donation one back to the gun. find out about robina story in some migraines. reliable news for migraines. wherever they may be. this is d w. news, africa coming up on the program, the wounds of war. and if the o p. f with sexual violence used as a weapon of war. we hear the harrowing testimony of a 16 year old girl was raped. she says fine ethiopian soldier also coming up taking.