one of their most cherished annual rites of spring cherry trees blossoming in the capital, tokyo of all 10 days earlier than usual this year. tying records set in 20202021 . but unlike those years during the pandemic, this time, people are able to gather freely, again for traditional picnics. the ne blossoming cherry trees banking stalks rebound after days of heavy losses all winter has that and more in the business news. after a short break is d. w needs, i'm told me a logical thanks for being with us. with every journey is full of surprises. we've gone all out to give you some tips one day in the footsteps of the rigby home. i'm in your northern most count,

the place a free time is very much alive. d, w. travel. your guide to the central health in germany. a recognizes where exactly it was fun. i learned a lot of our culture history. all their d. w. travel extremely worth a visit. ah, ah, banking stocks begin to bounce back a day after the biggest u. s. bank collapsed since the 2008 to financial crash. but is the crisis really over? we lost connects, but also coming up more jobs caught that meta as facebook's parent company kicks

off. it's so called year of efficiency, but is the company on the right path? we'll ask our correspondent and non of board. how a belgian start up is bringing remote work to the shipping industry. if that time again, d w 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 u. s. 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. suffer 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 fallout from the college or as will be blank or what. but he gave that so to speak. but of course, the, the underlying core groups remain specifically in the banking sector. i. but i think as the, the immediate problem that you're, that we've seen particularly over the weekend on friday. i think that that has been stopped for now. ok, why i'd like to dig into is, you know, the recent bank claps 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 to 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 the very leg, monetary policy specifically after the call. and that was basically portfolio of, of, of deposit, so to speak, that have been collected under to have increased a lot over the last couple 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 asset side, 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 adjust 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 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 take 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 has 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 are taking b as an example, given the ties didn't have to adhere to the same liquidity rule as close as the german dodge bank or mass banks, which 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

sector. 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 soccer book 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 off to metal already slashed $11000.00 jobs in november. that's good. he ends quarter on this end. why a 2nd wave of job cuts daniel markup are going to be made more actually pointed 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 is the money adjust for the graps on the streets, money with higher interest rates called something, and that is definitely a being certain burden 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 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. last, almost 14000000000 dollars last year. interestingly enough, by the way, there was 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, 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 of the 1st time since it experienced hyperinflation more than 3 decades ago. the official rate of 102 percent came as well as iris reached a deal with the i m f for the disbursement of another $5300000000.00 as part of an assistance package. a wave of work shortages has hit industries 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. a freight ship in the safe hands of a captain who's a 130 kilometers away. there's no one aboard this vessel. just cameras.

broadcasting to plan from the linens office and 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 are or listened to the mix 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. thus benoit, is of 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 future in our line dish efforts over time. that's why this shipping manager

installed c 4 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 a 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 truck. you 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 since 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 just it gives us

a chance to offer an entirely new work life balance. i've been instead of doctor shopping, that will be wiped down from the linden 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. and that's all from us. thank you very much for watching 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.

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