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tv   DW News  Deutsche Welle  March 13, 2023 2:00am-2:16am CET

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i think i will live long enough to witness the factory farming the great debate this week on d. w or ah ah ah, this is dw news lie from berlin, fears of a u. s. banking crisis after another bank collapses us authority, se deposits will be secured, but there'll be no bail act. what does that mean for the global economy will bring you analysis, also coming up, police in moldova say they foiled a plot by pro russian agitators to cause unrest during antique government protests
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in the capital. and inborn was nigger football, one time table talkers. when young berlin fell further behind in the title rates, when they could only manage a drawer with a false burke that and much more coming up later in our sport sect. ah, i'm pablo foley, as welcome to the program. fears of a u. s. banking crisis are on the rise after another bank failed this weekend. authorities in the united states have taken over signature bank. it collapsed just 2 days after silicon valley bank was shut down by regulators. new emergency policies were adopted by authorities on sunday. they said customer deposits will be protected, but they will quote, wipe out equity and bondholders taxpayer money will not be used for any losses.
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according to the west treasure treasury secretary, janet jaelyn and the chair of the federal deposit insurance corporation. the 2 bank failures this weekend or the 2nd and 3rd worst in us history will. earlier i asked financial correspondent, he ends quarter in new york for his insight following news that u. s. regulators have taken over operations at a 2nd bank. well, as the saying goes, so bank di, overnight had that seems to be true at this point. so please don't panic or keep your calm. but this is the 3rd a bank pretty much going up with less than a within a week or early last week. we had a crew or bang to tied to to the crypto industry as silva gate to liquidating itself. then we had the silicon valley bank, now signature, a bank that needs
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a governmental help and to controlled so clearly trust at this point obviously has been lost to some financial institutions and at least it was those companies named a we've seen the classical run on the bank. yes, usa khatri at treasury sector jaelyn has ruled out a bailiff, paid for by taxpayers. but us authorities of a 9 still fully protect depositors. explain to us how that all works yet. well, i mean that sir. the name of the child a soul is youth. you say it's no bailout, but at the end of the day, clearly the government and regulators see the need to to jump in. what they do want to prevent is a panic that is served a get to the m hitting a companies in the silicon valley and somewhere else, more financial institution. so i mean, all of this is unfolding within the last to minutes i have to say, and so as far as i understand it, it's not a classical bail out,
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so there will be directly any taxpayers money. but that doesn't mean that washington and regulators are helping with some money in between to prevent a panic. yes. explain to us how this situation that we're living almost there yet, minute to minute at the moment was able to happen. yeah, i mean, i don't want to start with some adamant eve, but you do have to start with the federal reserve for starting to increase interest rates in a very aggressive, fair fashion last year. so what did that cost was actually that was higher interest rates. the value of bonds and treasury, so it got to push down and quite a bit. so if you go to a bank, if you give that bank of money, they don't put it aside. they actually invested in some safe haven like a u. s. a treasury. so that's what to, for example, silicon valley bank did. so now all of a sudden the need of the customers,
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lot of silicon valley stops, they needed money. they went to the bank, said, give us our money. so they had to sell treasury's. it was a loss and that actually cost a cascades so that more and more investors, $1.00 of their money, the bank head to sell more of the treasury is for a loss. and that was this run on the bank so that eventually a regulator set with jumping. could this debt us only event at the moment? could it actually spread globally? i mean, it's all about trust. so if trust is lost, we could see that in other places, definitely as well. and then also that interest rates are on the increase is not just an american a phenomenon. so what i hear mostly from the industry and that's why i said at the beginning, don't fully a panic. obviously the, the biggest financial institutions seem to be safe. so that's at least what i'm hearing,
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but the next couple of days. so definitely will be very interesting and if trust is lost, if more people start taking the deposit, so from their banks, i mean that could have a, in effect. definitely not just them in the united states, but it could theoretically affect pretty much all of the go sounds like you're going to be very busy and financial correspondent, the ends quarter in new york. let's take a look now with some of the other news making headlines around the world. north korea says it's launched several mitchells from a submarine in the sea of japan. the missiles flew for about 1500 kilometers and stayed in the air for back 2 hours. the test took place a day after pyongyang warned of a quote powerful response to the joint u. s. south korea military drills that begin this week. ukraine's president vladimir zalinski says more than 1100 russian soldiers have been killed in recent days nearby. the focus of fighting and eastern ukraine. russia's
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paramilitary wagner group is reportedly still launching ground attacks. keith says, defending backward is necessary to quote, by time for a kendra offensive that the ukrainian city of butcher has become known across the world for the atrocities russian troops carried out there. the main road was strewn with bodies when the russians left. the houses were also partially destroyed by artillery. now work is underway to repair the houses and turn boucher back into a liveable community. did abuse. amen. as if, when to see the progress being made on rebuilding ukraine despite the war. the either welcome sounds and walks on the street in boucher, devastated in the 1st days of the war. the houses here are being restored at remarkable speed residency. they're surprised by the progress. yes. you should,
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i hope it will be a new start. thought of something good. don't work on the streets. and after that pain, and then all of ukraine will be rebuilt and will be better than before the war. push up for really the project is sponsored by the foundation of howard buffett, son of the american billionaire warren. for many, it's a symbol of ukrainian resilience, but it's an exceptional case. just 15 kilometers down the road. the village of more shewn lies and ruins almost exactly as it has since this time last year. this is all that's left of honest house, wrecked by russian artillery. she now lives in a modified container provided by the rotary foundation quite literally among the wreckage of her old home. and she doesn't live alone would be good enough to look at this beautiful girl we have here. she shares this one room
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dwelling with her daughter and her granddaughter. but all 3 of us sometimes my son comes my younger son. he sleeps on the top bunk and the 3 of us sleep on the bottom, my daughter, my granddaughter, and me. what can we do? they have been living this way since last summer on applied for help from the state to rebuild her house. but she hasn't heard back yet. because we, we filled out all the forms for me. but there's been no decision on whether we'll get some sort of help or not. we don't know more than that. i mean as motion neutral, extra on a nose. her case is just one among many. russian military destroyed hundreds and properties in her village alone, nationally. that number is in the hundreds of thousands. the social policy expert yvon rabinski, says the government has done a great job at finding temporary housing for almost everyone who need it. on the
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other hand, you can staple access long term vision have to have to house, people can long term perspective. first of all we have we have some programs to build in compensation to people who lost their homes. and that had to, it's not clear yet, which ones are kind of why they to work on at home will have to be reconstructed from the ground up little else. but the foundation remains know which it's up was we ship. i want to live long enough to rebuild this house. so i know that if i die, my daughter and granddaughter will have a real house to live in some crutch. that's the secret. she says her family will find a way to do it, even if it means doing it alone. police and all dog, i say they foiled
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a plant by russian backed groups who were especially trained to cause mass unrest during a protest. around 5000 demonstrators gathered in the capital, casey now, on sunday, they demanded the government covered their energy bills after a cold winter unpreventable dover from being dragged into a war with russia. ah, protest is took to the streets of the mill, dove in capital kitchen. now on sunday, chanting down with my son, do the country's precedent the demonstrations of becoming a regular occurrence. they started last summer in the face of rising fuel prices and concerns about pensions. but there is strong support for russia. protest is demanding that the pro european government stepped down. i come because electricity and all the bells have become too expensive. my pension is too
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small outdoors. they said they would rate them to at least $3000.00 li. are they mocking us? the president is a sheep why the protests organized by the minority pray russian show party which takes its name from elan shore, a moldova oligarch who lives in exile and israel. after fleeing convictions for fraud. they hold 6 out of a $101.00 seats in the countries parliament. by them all. davids think the protesters, a victims of propaganda good soon warmed by thing they are being misled at the employee. and as time passes, they will re correct directions. if they're awesome, fortunate for them here been for a while left in the shadow of poverty and were manipulated by dirty politics against our country. plus what, what, while moldova is seeking modernization gavera was desired
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modernization and an alignment with the european union or among the goals of the new government? a government that these protestors want rid of ah, when you're in berlin, have long been b story in german football. a small club and a small budget making big noise in the mans bonus league when you want to stain the running for a chance to play in europe next season. but they suffered a blow to those efforts after a miserable night involves work on a cold and wet not in wolf's burg. it was very much an occasion for the true believers, only on berlin fence travelled, believing their sod could into 3 game winless drought with victory in the rain. there was little spock died from either side in the 1st 45 minutes until o mamma moose had the chance to put the home side in front. he didn't one on one with the caper. the egyptian had plenty of space in may be too much time to
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think school us at half time, it was clear in the minds of most this was to be again decided by fine margins. and so it was a lunching bull square. foot went an inch to far that gave jasa p, renovate the chance to put on yawn in front from the penalties for chasing the equalizer. whoops. coach nicko co batch made for substitutions to include both patrick vin and kevin. per it is the american fates, the bolt of emma, the austrian, did the rest. the gold like the game, and the occasion. it wasn't one for the archives. 11, it finished. not a disaster for it was fisher, but he and the traveling fans know things have to get better fast for when you want to make europe for a 2nd consecutive season. now, the 95th academy awards are underway in hollywood. hundreds of stars gathered on what is the champagne carpet this here head of the ceremony,
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the best picture category will be hotly contested with nominees, including biopic, elvis, sy, fi flick, everything everywhere, all at once. psychological drama, tar action remake top gun. maverick and germany's all quiet on the western front. all right, well that's all for now up, next talk film with an in depth look into the world of meat substitutes. i'm part of on and yes, in berlin for me, the team here take care. see again at the top next act ah, it is a thought they will grade a.

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