ah ah ah ah, this is dw news live from berlin to night. you as president biden attempting to reassure jittery people and markets after the collapse of to the west banks by telling the nation that financial systems remain sound despite the biggest failures . since the global financial crisis, 15 years ago, european and us stocks wobbling over banking worries today. also coming up china,

the emerging military superpower, she's in p, says it's time to construct a great wall of steel, meaning a modern military in his 1st major speech, starting an unprecedented 3rd term as president. he also warned the u. s. and the west not to interfere in taiwan. also coming up, rebuilding life in a war zone will meet ukrainians who are putting homes and businesses back together, some remarkable speed. as the conflict around them rages off. and a so real sy fi moved, storing, michelle, you know, wind big at the oscars, taking 7 awards and making history in more ways than one of the german anti war ethic. all quiet on the western front. it was also a with ah,

i'm break off is good to have you with us on this monday, and we begin with jittery stock markets and words of reassurance to date you as president joe biden found to do whatever is needed to sure up financial institutions after the collapse of both signature bank and silicon valley bank biden's telling americans that their banking system is safe as fears of another banking crisis. rise. the 2 bank failures are now the 2nd and 3rd worst in u. s. history. on monday, european stock markets reacted with massive losses. the news, st. bank stocks tumbling in the us, asia and europe with investors fearing the biggest us bank failures in 15 years might trigger a ripple effects around the world. e or 30 say they are monitoring the situation, but do not expect the us failures to cause long term problems in europe. we take note of the swift under side of reaction by the us authorities. within the u,

there is a very limited presence of silicon valley bank. of course, we are in touch with the relevant national competence authorities. that message was echoed by e. u. finance ministers, including germany's christian lindner harden herb yard, am i gonna auto. we have our own authorities in europe and parked in germany. for example. we have our own financial regulatory body, which is continuously monitoring the situation. these institutions have no doubts whatsoever about stability seems to it will chew on kinds wife or gelato because he does not have it. i have faith and generally brother. in the us, the failures have brought back painful memories of the devastating meltdown of 2008 in a bid to lessen uncertainty and avert further bank runs us, president joe biden hurried to reassure the public. our customers who had deposited these bank can rest assured, i am rest assured they'll be protected and they'll have access to their money. as

of today, no losses will be borne by the taxpayers. instead, the money will come from the fees. a banks pay under the deposit insurance fund. biden's stress that unlike in the past, irresponsible behavior by banking executors would not be tolerated. the management of these banks will be fired if the bank is taken over by f d. i see the people running the bank should not work there anymore. i'm going to ask congress from the bank regulators to strengthen the rules for banks to make it less likely this kind of bank failure would happen again. those rules were introduced after us bank sparked a global financial crisis in 2008 my aggressive mortgage lending. they were partially repealed in 2018 under then president donald trump. in the coming days that decision is likely to be in the spotlight. wireless good are corresponding mckellar christner. she is covering this force from washington because of the you

as president, he sounded rather confident that the u. s. can handle his crisis. that does not change the fact that he felt compelled to address it to address the american people the day. and he wanted people saying in the us about this, well, they certainly is concerned about this. and i just want to point out the timing because he did go on air here with this very short address, just a couple of minutes, not taking any questions this morning before the stock market's opened. here in the united states. this stays after you already got the indication that there may be distance heading this way from east from asia, from europe. and so there clearly was a need felt on his side too politically, but also substantially in market terms addressed this. and of course, people here are concerned people remember very well the banking crisis of 2008. and that's despite the fact that they're seeing these parallels despite the fact that when you ask experts, there really aren't that terrible many parallels because the cause was very

different. here. it seems that the banks took risks that they fell victim to their own success to certain degree because it was a lot of money floating around. they put them into long term bonds. government bonds to which brought very low yields. and then the interest rates rose because due to inflation, that was the response from the fed and that's where they got trapped. so a lot of responsibility is the opposition says also on the soldiers of the government. so this is fast moving from an economic banking issue that needs addressing to a highly political issue. and what did you as president, what did he say about what the u. s. congress is going to do? yeah, he analysis this morning that he wants to take this back to congress and essentially, and he wants to prove that the regulations he also brought into place when he was vice president under the obama area of iraq could have worked better if it weren't

for donald trump, or the republican president having somewhat relaxed those rules again because these 2 banks that have now failed and they were a bit below the current threshold of $250000000000.00 in terms in assets that was really on the radar being as systemically. relevant now they would have been systemically relevant if it were according to those biden rules and above $50000000000.00. we expect that that's going to be the kind of argument the president will now take back to congress to tighten those rules again. but again, it does raise the question, why didn't it do it earlier if you felt strongly about it. so we're not talking about a lot of political wrangling ahead. yeah, i mean, he was sitting in the obama white house with the financial crisis, was dealt with 15 years ago. he's president now and there are worries, again of a yet another financial crisis. how much of a political headache could this become for him?

because everyone in washington is already talking about the presidential election next year. exactly as in politics, as in life in general, a lot is always down to timing, and the timing is pretty bad and we're all still waiting to hear if and when joe biden will declare that he will run a 2nd time as president. and now he's got a major crisis here that he needs to resolve and away needs to prove that it's not his responsibility. the republicans were very far. several and members of congress were very fast to say, well, this is really an attempt to kind of cover up the weaknesses of the current and money policy. both of the fed, but also the government economic policies. and we will also see a hearing of john young who's now the treasury secretary was formerly the fed chief at this thursday. so that could become quite a grilling. it's unfortunate timing for joe biden. he is on the defensive,

but he seems determined to make the whole of congress ticks. the republicans share responsibility in this or washing corresponded kill the group number the latest on this banking, troubling times of the u. s. b keller. thank you. now the china chinese presentation being is wrapped up the countries annual rubber stamp parliament meeting with a val to modernize the chinese military. this was, she's 1st major speech since securing an unprecedented 3rd term. and he signalled an aggressive stance on relations with the united states, while advancing policies to strengthen the world's 2nd largest economy. ah, his position is not in china's most powerful, lida now confirmed. she jin pink, closed the annual national people's congress with a focus on military might. parliament is boosting the armies budget. she had clear words on taiwan too,

as beijing faces off with washington over the self governing island, which china claims as part of its own territory. on we should strengthen national defense and army modernization, building the people's army into a great wall of steel that effectively safeguards, national security, sovereignty and development interests. ginger, we should actively promote the peaceful development of the relationship across the taiwan strait. resolutely oppose external interference and taiwan independence, separatist activities this year's meeting. so the biggest government shake up since 2018 parliament approved a new financial regulation watchdog. and the ministry of science and technology will be reorganized, as beijing aims for self reliance in high tech sectors. many of she's closest allies have been handed top government roles, including li chang,

china's new premier, leis tasked with reviving the economy after 3 years of covered locked downs. and he also sought to reassure and nervous private sector. he struck a conciliatory tone on china's relations with the u. s, saying the 2 powers have benefited from each other's development to china in the united states can and must cooperate. and there is a lot that the 2 countries can achieve by working together to me and circumvent and suppression is in no one's interests. yacht. lucy, omaha. so o facing is yet to reveal the full extent of the government overhauled from this year's meeting. but with she, family and control his aims of increasing china's political, military and economic strength. a clear vision covers chinese foreign policy at the eurasian group. they political risk consultancy. she joins me now from washington, dc. it's going to have you on the program. you know, we are used to she asian ping talking tough. now he's talking about china's great

wall of steel. how much of this is tough rhetoric? how much of this is on words that will be turned into action? thank you for inviting me to the show again. so she is, words are in line with his goals to modernize to chinese mil mil, military in particular, the 2035 goal of a fully modernized military and a 2049 goal of building a world class armed forces. and so these words should be also interpreted in context of cs, visit to the p l. a delegation during the national people's congress, where his rip remarks really emphasized the technological upgrading of the military rather than an expansion of the armed forces. thus, these words are not, are not indicative of china trying to expand its forces aggressively. men rather making these forces more optimal and more technologically advanced. and do you

think the u. s. or the west should, should react or change any policy because of what has been said with this great wall of steel. you know, we've got us general saying that they think that the western china may be at war by the year 2025. i think these, these remarks do reflect the alarm from you as officials that china is developing as military capability is quite, quite rapidly. but i do not believe that the u. s. and china will be at war as soon as 2025. both countries, leaders are still intent on trying to stabilize the relationship, although the relationship isn't a steady decline at this point. but there's a trend of chinese military development will run into more tensions with the u. s. as the u. s. is likely to place more sections on chinese entities that are involved in chinese mil, military and industrial complex efforts. lewis,

good them for more is about war to possibilities for peace. there are reports that she's paying, we'll meet with the russian president next week. and it's also been reported that he wants to speak with ukrainian president zalinski as well. how credible is she's in pain when we're talking about a piece mediate or piece broker. i think these tod swaby is just a 1st step in a long process of trying to resolve the ad russians envision into ukraine, because china stands as of a pro russian you tragedy. i think it's credibility in europe and out from the perspective of the us as a peacemaker is pretty low. so china going to russia and then potentially having a call later with president. so zalinski will now lead to any piece talks in the near near term,

especially because china is 12 point piece plan on ukraine has never been completely or explicitly accepted by the russian or ne, ukrainian side edition with the regime group. if we appreciate your time in your insights tonight, thank you. thank you. and we want to stay with the more in ukraine keven. moscow were both suffering heavy losses as fighting intensifies the east of the country. the commander of the ukrainian forces says that the situation in buck moved remains difficult, but that his soldiers are managing to repel russian attacks. the fight for control over the city has reduced the city to basically ruins. over the weekend, ukraine's president zalinski said more than 1100 russian soldiers have been killed in the area. but the head of russia's paramilitary, wagner group, maintained that his group is still advancing even though the situation was, as he put it. tough, very tough, artless. go. now to our very own economy, he's in keep nick, russian forces continue to make slow progress in back move. they reportedly taking

control of the eastern side of the city is ukraine in a position to stop them or launch even even think about launching a counter offensive. i think there is a counter offensive in the office, at least that's what everyone's talking about here in care of. i think ukraine is desperate to show is western back as that it can push the russians back further. those last big victories. were it last autumn in for song and heart give and basically the sense here that in the west is going to force ukraine to negotiating table on some kind of russian terms. if they don't prove that they can win. but i don't think that count offensive is going to be anywhere near backward right now. the ukranian forces are really at tightly surrounded by russians. that is just a very small bottleneck connecting the city with ukrainian health tree. so the question i think now is whether the ukrainians 1st have to leave by mote, as it seems most to nato and us top bras would want them to do. or if they can keep

going about, we'll try and draw russian attention russian resources to their positions. and back while launching a conference of somewhere else and kind of do both the same tommy, that's the question right now. and that does seem to be a difference of opinion that between here and certainly the u. s. nic, russia has agreed to extend the ukraine grain export deal following talks with the you when earlier today. uh, but only for another 60 days. has there been any reaction from the ukrainian government? is her form the responsible minister, mr. of infrastructure saying that that is basically not the deal that was agreed when this whole thing was set up to prevent and to kind of, you know, add delays to grain exports to keep food coming out of ukraine and keep food prices affordable around the world. especially in africa and parts of south asia. and the different sense that this deal is from a russian perspective working too well. ukraine farmers are getting money, are able to sell their crops across the world. and that russia is trying to make

this more difficult. we've seen really long wait for inspections of these ships as they tried to cross the boss for us to get into the mediterranean, ukraine's would say that the russians of pacific making an effort to kind of delay exports and basically up the price of shipping for ukrainian farmers and knew that there is just a sense that in russia is looking for any way it can to try and put pressure on the brain economy, which after all is still miraculously functioning over a year into this war. there attacks on energy system outworking. so trying to put pressure on shipping and specifically that crucial aggregate st. agribusiness sector also has so many connections to consumers across the world. that is, in the sense here that the rush is kind of trying to find any kind of technicality or any kind of way to make that more difficult. need obviously, connelly with the latest to night from keith, nick, as always, thank you. as nick said, there the war, it rages on, but many ravaged ukrainian communities they've already started rebuilding. this

includes boucher, a town outside the capital key. now it hit the headlines after evidence emerge that russian forces had committed atrocities there. you may remember those images of corpses, line in the streets. d, w, corresponded, ami, anessa, visited butcher, and other places that are trying to start again after being destroyed by the russians. he filed this re either welcome sounds on books 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. yeah. medea should i hope it'll be a new start with the start of something good on the books, on the street to refund and off to the pin up. and then all of ukraine will be rebuilt and will be better than before the war. new rule. the push out put in the 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 up on his 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 with the women. i feel not the click of this beautiful girl we have here. she shares this one room dwelling with her daughter and her granddaughter live through the 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 filled out all the forms. but there's been no decision on whether we'll get some sort of help or not. we don't know more than that. some in the motion, michel nath extra on a knows her case is just one among many. russian military destroyed hundreds of 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. and the 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 are 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 share i one 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 touch with the secret she says her family will find a way to do it, even if it means doing it alone. are let's take a look now, some of the, of the stories that are making headlines around the world report say that the international criminal court is planning to launch 2 war crimes cases against russian officials connected to the ukraine war. it comes after i c. c t, prosecutor, kareem, con, visited, keep, last month. the charges are expected to focus on the forcible deportation of children from ukraine and the targeting of civilian infrastructure. the bell russian leader alexander lucas jenko,

is in iran meeting with rainy and president abraham bracy. the 2 leaders assigned to several economic cooperation agreements. the economies of both countries have been hit by international sanctions shake of saying that their economic partnership is now stronger than ever. iran and billboards are both close allies of russia like loan. freddy has killed nearly a 100 people in malawi area surrounding the country. second big city have been hit worst heavy rains and strong winds have triggered floods, landslides, now for hitting malawi, the cyclone swept across mozambique. freddie is one of the strongest in longest lasting storms ever recorded in the southern hemisphere. japan, his ease pandemic rules on wearing face mask indoors after 3 years. prime minister for mucous shita says it will now be up to people to decide for themselves. the government still recommends wearing a mask on trains and hospitals, but many people are choosing to keep their masks on even out doors. all

right, an unconventional science fiction film is taken top or taken home. the top honors of this year's oscars, the comedy drama, everything everywhere. all at once. ned, the total of 7 academy awards, including the coveted gong for best picture. the german, phil all quiet on the western front, picked up for oscars. ah, one film dominated the show on hollywood. biggest night. the wacky and wonderful sy fi flick, everything everywhere. all at once. swept stephen oscars to rapturous applause. ah, with michel yo who is malaysia making history as the 1st asian woman to win beast actress. for all the little boys and girls who look like me watching to night. this is the beacon of hope and possibilities. this is proof that dreams

dream big and dreams do come true. and ladies don't let anybody tell you. you are ever past your pride. hughes, co star key white one made a remarkable come back to claim. be supporting actor. following a 20 year acting hiatus. my mom is 84 years old and she's at home watching mom. i just wired and asked her includes dad, jamie lee curtis, when be supporting actress? it was brendan fraser who's awarded beast accent for his role in the whale itching out to ask a favorite austin butler. this is what the motive elsewhere

the will will one effect all quiet on the waist in front took for a woods the most prizes a jim and film hadn't ever one at the oscars. got this means so much to us. a year on from the infamous osgood slap and which will smith hit present to chris rock on stage host. jimmy kimmel poked fun at the incident. but this year, the show was remarkably drama free. with the attention back on the glamour and golden statues. good to see there were no slaps this year. finally, thailand is celebrating the day of its national animal. the elephant on this day, elephants are given a feast of fruits and vegetables to honor the important role that they have played in thailand's history and culture. buddhist monks also attend to bless the animals and sprinkled them with holy water. march 13th was 1st designated as national elephant day by the ty government back in 1998.

before we go, his reminder that tom story we're following for you as president joe biden has told americans that their banking system is safe. he's trying to calm fear of another financial crisis after the collapse of both the signature bank and silicon valley bank to bank failures or the 2nd and 3rd worst in u. s. history. global 3000 is of next. i'll be back in the top of the hour with more world news followed by the day. i hope to see you then. ah ah

ah, with a cattle at this live stock market are being exchanged for young women. half of all girls in south sudan are forcibly married. many are abused and raped.

the pope's visit has raised high hopes, but can his words really help the country's female population, global 3000. next on d w. ah . are you ready to get with these places in europe are smashing all the records. stepped into a bold adventure. just don't lose your grip. it's the treasure map for modern globetrotters. discover some of europe's record breaking sites on youtube and now also in book form a floated you do the full. i'd have to channel. fantastic.

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