ah ah ah business d w. news alive from berlin, president joe biden attempts to reassure the american people and markets after the collapse of 2 u. s. backs. global stock market were largely down in monday, trading by an urge confidence in the financial system. americans can rest assured

that our banking system is safe deposit and in ukraine there is no lead up to the intense fighting for the eastern city of buttonwood. though both sides of describe the situation as a very tough, neither russia nor ukraine looks willing to back down and recovery efforts in allow we're cycle on friday lashes, the southern african country, torrential, rain and high winds. ah, and to me a logical welcome to the program. the u. s. president has promised to do whatever is needed to strengthen financial institutions after the collapse of both signature bag and silicon valley bank. joe biden has told americans that their banking system is safe. even the spheres of another,

u. s. banking crisis rise. the 2 bank failures are the 2nd and 3rd worst in u. s. history. and they've taken their toll on global markets. the news sent bank stocks tumbling in the us asia and europe with investors fearing the biggest us bank failures in 15 years might trigger a ripple effect 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 size of reaction by the us authorities within the ear. 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, the status of africa. not i have faith in germany, brother. in the us, the failures have brought back painful memories of the devastating meltdown of 2008

in a bid to lessen uncertainty and divert further, bank runs. u. s. president joe biden hurried to reassure the public. our customers who had deposited these bank can rest assured our m rest assured they'll be protected and know, have access to their money as of today. biden 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. that are the president's tough words enough to convince depositors them money is safe. california's 1st republic bank is under particular pressure and has seen increased withdrawals, but most customers seem to be keeping their nerve. i'm really not that worried about it. um, but i'm just being a little cautious. i don't think people need to panic at this point. i'm

transferring some of my money out of that branch to another branch i have, but at the end of the day, it's about panicking. everybody perm external. it's like a domino effect. so i don't want to panic necessarily, but i just want to take some precautions. biden says he wants to make similar failures less likely in the future by asking congress to strengthen banking rules are rules that were introduced after us bank sparked a global financial crisis in 2008 by 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. yes, president joe biden has reacted swiftly and decisively to stabilize the banking system. but as our correspondent says, it could well be that it can't afford or avoid a political crisis. let's listen to the michel a cove knows assessment. so vide made clear that he doesn't want american taxpayers

to foot the bill for this banking crisis. at the same time, he's on the defensive, he needs to prove that banking rules that he brought into being as vice president or under president obama did work to at least a certain degree. and that donald trump, for president, is to blame for, relaxing some of those rules. he now wants to take all of this back to congress. as the banking crisis sifts into a political wrangling mode with the democrat president, being determined to make sure that republicans share some of the responsibility, the republicans are eager to stress. that this could be a maneuver by joe biden to cover up for weaknesses in his own economic policy. so as this all heads into a deeply political arena, this is rather unfortunate timing for joe biden with everybody still waiting with

bated breath when and if he will declare that he runs, wants to run once again as presidential candidate for the democrats in 2024 now to the latest from the ground in ukraine, cuban moscow a both suffering heavy losses as fighting intensifies in the eastern city of blackwood. over the weekend, ukraine's president zalinski said more than 1100 russian soldiers had been killed in the area. for the head of the russian mercenary of wagner group insists his troops are still advancing. even though the situation was, as he put it, very tough. up against the longest and bloodiest battle of moscow's of nation to battle for bar moot, do ukrainian unit fires back, bending are fresh in attempts to take control of this city center. ah,

fierce fighting has inflicted heavy losses on both sides. but ukraine says, the battle for buck mood is one of the decisive fights for its future. does result on us would you? the situation in the east is very tough, very painful. we need to destroy the enemy's military power and we will below her if gear and maria incur of div gear and bar mood. will glinda and come younger and all other places were a future is being decided and the future of all ukrainians is being fought for grains viejo. russia has been trying to capture the eastern ukrainian city for months. so far. russian mercenaries have only managed to encircle back moot. moscow is now intensifying its campaign. delivering ammunition to wagner fighters who have been spearheading the attack on bar mood.

all the, some or 1000 residents are stolen, no town, according to an official tele, despite the fierce fighting in and around it program, a progression commanders, the capture of the city would mean an opportunity mother to deliver good news. we went to the kremlin, drastic worst. my portable good, an update from our correspondent in cave, nick connelly about the situation and backward. what i think there is a counter offensive in the offering, at least that's what i was talking about here in kia. i think ukraine is desperate to show is western beckers that it can push the russians back further. those last big victories, were it last autumn in for song and how to give and basically there's a sense here that in the west is gonna 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 conference it is going to be anyone in the apartment right now, the ukrainian forces all really tightly as surrounded by russians there. there's

just a very small bottleneck connecting the city with ukrainian health territory. so the question i think now is whether the ukrainians 1st have to leave by moot as it seems most to nato and us top bras would want them to do. or if they can keep going about will try and draw russian attention russian resources to their positions. their back while looking account fronts of somewhere else, and kind of do both at same time. and that's the question right now. and that does seem to be a difference of opinion that between here and certainly the u. s. let's take a look now at some other stories making headlines around the world. russia has agreed to extend a deal that allows ukraine to explore its agricultural produce, follows, talks with the united nations, with the extension is only for another 60 days, not $120.00 is expected because the kremlin wants changes to how the agreement works. the deal aims to provide to prevent

a global food crisis. larissa leader alexander lucas jenko is in iran ways. meeting with president rein, racy. the 2 leaders signed a raft of economic corporation agreements. the economies of both countries have been hit by international sanctions. jenko said they cannot make, partnership was now stronger than ever. both a close allies of rubbish has been piling up on the streets of paris as cleaners and trash collectors strike over changes to frances pension system. in northern france, police cleared a blockade of work as outside an oil. refinery proposed reforms include raising the retirement age by 2 years to $64.00 final vote on the proposal is expected. the leaders of the united states, australia and britain met in san diego on monday to discuss the office deal. they

unveiled the details of a plan to provide australia with nuclear heart attack submarines as a major step to counter china's ambitions in the indoor pacific. a hearty welcome for the 3 global leaders. they've come together, 2 unknowns, not just a major arms deal, could a historic strategic partnership. the oak is agreement. we confirm hearing sandy, i represent the biggest single investment in australia's defense capability in all about history. austria will buy as many as 5 of these nuclear powered submarines and later build a new on themselves based on a british design with u. s. technology. it's a long time upgrade that will make australia fill partner in fielding top secret us nuclear technology. previously only shared with the u. k. warden has no

partnership. we're showing again how democracies can deliver our own security to prosperity and not just for us, but for the entire world. oh, chris is an attempt to counter growing chinese military power, which includes beijing's construction of a sophisticated naval fleet. britain is also beating up its military capabilities. it is more important than ever that we strengthen the resilience of our own countries. that's why the u. k. is today announcing a significant uplift and our defense budget, where providing an extra $5000000.00 pounds over the next 2 years. australia isn't getting nuclear weapons. but the nuclear propulsion of the new submarine fleet will add substantial strength to the western alliance. nearly a 100 people are confirmed dead in malawi,

after site on friday slammed into so southeastern africa with torrential rain and high winds. this is a 2nd time in a month at freddie. his maid landfall in southern africa, having earlier struck madagascar. it's one of the strongest and longest lasting storms to ever be recorded in the southern hemisphere some way under these washed off roads. and my, lovey, our people rescue workers like trust on chica footwear are trying to find them. miller miller learned today. and so far we have recovered 30 bodies, but we're not yet done. oh, go and we're still looking for more victims. amusing miss ho to at least find someone who will call cyclop freddy has wrecked houses in the city of blunt here and created rushing streams that residence us in troubling to cross

many of the injured have been taken to hospitals, but others are still missing many what young women in her mother was so bad in the night doing that when job was yvonne now that it's day time, i can feel the loss that you didn't of it was a gun to suda. but i've never seen something as terrible as thus knew by my neighbors. homes are gone month and their family members are gone. ah, in some cases the father is alive, but the wife and the children are missing are not for x or sites. non freddie killed several people in mozambique before making its way to my loving. scientists say such tropical storms are getting stronger due to climate change. they want that phoebe of weather like this will only become more frequent unless pluto's plastic produce carbon emissions. fact before we go, here's a reminder of the top story. we're falling v

u. s. president joe biden is told americans, their banking system is safe in a statement just before you as markets opened, he was trying to make to com. fair fears of a financial crisis. after the lapse of both signature bank and silicon valley back to back videos on the 2nd and 3rd was u. s. history and business news is up after shall break with more on the bank failures that of rocks, the financial markets, the colleagues, even being neat. we'll get the latest from bull street law at dw dot com and told me allowable for myself on the team, which someone else to judge t. v highlights selected for you. you every week in your inbox. subscribe. now. will you become a criminal m pre crimea.