ah ah ah come had a v c t v highlight you every week in your in box. subscribe now. that has to from did you do the full? i'd have to tenant fantastic. ah, she survived auschwitz, thanks to music. he was the nazis favorite conductor. he is

morally degenerate to musicians under the swastika, a documentary about the sounds of power, inspiring story about survival of the home. i don't get the tennis. i was the only one. what minded luc music in nazi germany, watch now on youtube, d. w documentary i ah, banking stocks begin to bounce back a day after the biggest u. s. bank collapsed since the 2008 financial crash. but is the crisis really over? we lost connects, but also coming up more jobs caught set metas. facebook's parent company kicks off its so called year of efficiency, but as the company on the right path, we'll ask our correspondent and no novel and how

a belgian start up is bringing remote work to the shipping industry. if that time again dw business, welcome. it could be time to breathe a sigh of relief as worries over us banks appear to subside recent days, shook us businesses after several tech and crypto focus banks collapsed, threatening to take big companies down with them. but efforts to contain the crisis appear to be working stocks in the us and europe rising on tuesday, including many u. s. banks, which had appeared to be under pressure. it wasn't all good news, though, with ratings agency. moody's cutting its outlook on the u. s. banking sector from neutral to negative. 13 sasha stephan of the frankfurt school of finance can tell us more from new york, sasha. thank you very much for joining us and stocks starting to turn around but the outlook is down. can we breathe a sigh of relief, or is it too early?

i mean the, i think the immediate fall out from the college of as we be bank work, but he gave it so to speak. but of course, the, the underlying structural core groups remain specifically in the banking sector. i . but i think as the, the immediate problem that you're, that you've seen particularly over the weekend on friday. i think that that has been stopped for now. ok, why i'd like to begin to is, you know, the recent bank lapses were significant silva, gate signature, silicon valley banks where they all rare one off events due to poor management or is that something broader and systemic to be worried about. so i'm the one hand these, these banks with very specific in the sense that for example, as the bank was a bank that has extremely highly concentrated and very left diversified the poverty base and a huge amount of a government,

very long term government security. but there's a broader problem in the banking sector in general, and that was coming from be a very leg monetary policy specifically after the call this. and that was basically a portfolio of, of, of, of deposit, so to speak, that have been collected and have increased a lot over the last couple of couple of years. and this, and this is very short term. and then on the other hand, you have a relatively long term on the tide, and that becomes the problem and the deposit of the amount of money back. okay, but i'm looking at the kind of bond investments that so the likes of s, e, b will making that has been commentary saying that right, the raising rates too rapidly was a big problem. so looking at the u. s. central banks role is this the feds fault? i mean, of course, i mean we had to relax monetary policy for a very long time and then a very rapid increase and interest rate. but also that's what was coming with with

some kind of warning though, some kind of forward guidance from the fed saying look, we have have been, have been, have been low for long, but know, given in place, we're going to need to adjust and we're going to just quite a bit. and so on the other hand, the, the banks basically decide to tell them, maybe even a while ago given the press margin to take more interest rates risks. so with the, basically the, the knowledge that the fact is going to increase, they should have taken action and terms of mitigating the interest rate exposure. so cause that wasn't part of the bank effect. okay, and looking elsewhere, we saw european banking stocks taken knock. i'm thinking most prominently of commerce bank, for example, the big german bank. is there a reason to worry about other banks beginning to struggle in this kind of environment, or is all of the panic basically over this point?

currently specifically in the us, the technical carrier currently subsided because they had to reserve the government basically given a blank check covering all deposited, making it less likely that the deposit was going to run at the moment. i think the stock market stock market decline of the european banks. germany was a little bit exaggerated because the, the problems run much deeper in the us banking system. i think specifically for all taking b as an example, given the sized didn't have to adhere to the same liquidity rule as close as does the german dodge bank or mass banks have a much, much larger quality position. my so from, from, from that perspective the banks are very different. this is why i'm not thinking that the problems in the us would become an immediate issue in the european banking, sat down. ok, so at the moment, reasons perhaps to be optimistic looking ahead, sasha stephan. thank you very much for that. thank you. let's turn to

a massive new round of layoffs that matter. the company behind facebook and instagram will cut 10000 jobs as part of what the phone calls it year of efficiency in an email to measure employee c, e o. mark socket bucks at the new round of job cuts would affect middle management positions, and thousands of other roles would not be refilled as the u. s. tech sector braces for an economic downturn. this comes after metal already slashed 11000 jobs in november. let's go to the ends quarter on this end. why a 2nd wave of job cuts daniel markup are going to may more actually appointed to a new economic reality, pointing to geopolitical tensions also to the higher interest rates. and you could to translate that into, there is no free lunch anymore. there isn't money just for the graps on the streets, money with high interest rates called something. and that is definitely

a being certain burden of for the technology industry, probably overall. then in general, when it comes to facebook, i mean, the whole market has cooled off quite a bit, and all of that mean a lot of pressure for facebook. and so the mother company, madam, okay, but sometimes we can impute something from these kinds of decisions. does this tell us anything about matters, new strategic outlook, going ahead into this year of efficiency at any markup, i wasn't too specific about that with this latest announcement of a job cuts. but what we do know is that meta is investing heavily into the so called better worth, i mean, that's also why the company have renamed itself from facebook to a meta. but this transition costs a lot of money reality laps. that's the division that is responsible for developing

the meta verse. and that part of the business lost almost 14000000000 dollars last year. and interestingly enough, by the way, there is one area that is obviously all up for those job cuts the meaning lower costs. what street actually are we acted in a very positive way? the stock of metal was up here on tuesday by 7 percent. and since mete announced the 1st round of 5th of job cuts early november's since then, the stock of metal has more than doubled. okay, we'll just, when we thought the job cuts were over, another wave comes in quarter. thank you very much. now to some of the other global business stories making the news g p t for keeps getting more intelligent. the new version of the chat box can out perform 90 percent of humans on standardized tests, and scores, even higher on a bar exam. that's according to the company behind it. open ai which say it exhibits schuman level performance in their announcement to day. the new model will

be available to paid subscribers. inflation in argentina has talked 100 percent year on year for the 1st time since it experienced hyperinflation more than 3 decades ago. the official rate of 102 percent came as when as iris reached a deal with the i m f for the disbursement of another $5300000000.00 as part of assistance package. a wave of work. a shortages has hit industry across the board since the pandemic. one of them is the freight shipping industry. while transport companies have been flooded with orders, they remain understaffed. now. a belgian start up found a way for ships to set sail without their captains on board of freight shipping, the safe hands of captain, who's a 100 or 30 kilometers away. there's no one aboard this vessel just cameras. broadcasting to plan for the lyndon's office in antwerp, he steering remotely on a computer. it's almost the same as her as on the vessel or

a small differences, but her system allows you to, to hear the, the engine ah, the small things that we can hear or listen to them makes that we are on the ship to remote work, the captain can steer 3 freight ships at the same time. belgian start up see far, has developed technology to address a shortage of captains. it's been a growing problem for the industry as ever more goods are set to be delivered on the waterways. as for though, it is all, all that means that we will need captains and crew to man these ships and this kind of personnel. if you look at how things stand as really hard to find, it's become a massive problem for any shooting company to keep their fleet running home for feline dish efforts over time. that's why this shipping manager installed c for technology and 3 of his freighters. his company, transport, soil, sand,

and rocks within belgium and tries to keep his small carbon footprint. a single truck, it causes her pollution, right? it's so gets an easy way of going from point a to point b, but where you're at per ton exhausts are quite high. and so it comes to the fact that one truck can transport $1731.00 water trucks can transport 17 trucks worth of soil at the smaller ones. and our larger ones can double that german companies want to make use of the technology as well. like this company that has placed an order to equip 5 vessels, they hope the tech will help make the job of a captain more attractive. the maintenance sucrose think out, we want to be ready for the future on how to enable our employees and future employers to work in a modern environment versus not as good as includes not being tied to working aboard a ship, but to do their job on land it gives us a chance to offer an entirely new work life balance. i've been a started to sharon that will be wife land from the lyndon exchanged,

the wheel house for an office. the reason is because i started the family, i had a child and i missed a child. and this kind of work allows me to still sill and also be at home. as of today, c for technology can't be used in germany. it hasn't been approved by authorities yet, the company, and that's all from us. thank you very much for watching. no one does coastal protection better than the dutch small wonder because large parts of the netherlands lie below sea level. the threat of flooding has long and still the spirit of innovation here, making the country a role model worldwide in combating rising ties.

close up nist on d. w. the 77 percent with a vivid discussion on climate change. drought is obviously a front and center issue. yeah. our animals have died. our people are hungry. it is low food. where do even begin to result where afflict tiffany thing this discussion called to where the problem is. because the 77 percent in 60 minutes on d. w ah . in journalism filters and overcoming divisions save the date for the d. w global media forum 2023 in bonn, germany and increasingly fragmented world with

a growing number of voices, digitally amplified. see where this clutter can lead what we really need, overcoming divisions into vision for tomorrow's journalism. save the date and join us for this discussion. at the 16th edition of d, w's, global media forum researcher and may slogan, was among the authors of the u. n's 2021 climate change report. it's projections for sea level changes were a wake up call for governments and scientists. i guess that was my real realization . like, oh wow. this is a very yeah, this is really bad slogan is a climb itala just to works at the.