traditional techniques, denise blossoming. banking stocks rebound after days of heavy losses. no winter has that and more in the business news. and after a short break, we'll d. w dot com and on our social media handles as well at the w news league and find us. i'm told me i'd like to go for myself and the team is just a thought say well crazy with people that

were interested in the global economy. our portfolio d. w. business beyond. here's a closer look at the project. our mission. to analyze the fight for market dominance. if this is where you did that head with the w business beyond ah, banking stocks begin to bounce back a day after the biggest us bank collapsed since the 2008 financial crash. but is the crisis really over? we lost can next, but also coming up more job cuts that meta is facebook's parent kicks off. it's so

called year of efficiency, but it's the company on the right path. we'll ask our correspondent and non of all and how a belgian start of is bringing remote work to the shipping industry. is that time again? d. w. a business welcome. it could be time to breathe. a sigh of relief was worries . over us, banks appeared 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 stops 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. 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 to any i mean, the, i think the immediate fallout from the college of, as we be bank work. but he gave that so to speak. but of course, the, the underlying structural programs 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 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, the, the banks are very specific in the sense that for example, 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 lex monetary policy, specifically off of the coolest. and that was basically a portfolio of, 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 relative be a long on the s, a 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 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

of course, i mean we had to relax monetary policy for a very long time and then a very rapid increase and interest rates. but also that was, was coming with, with some kind of warning. there was some kind of forward guidance from the fed saying look, we have it's has been low for long, but not given a place. we're going to need to adjust that. we're going to just quite a bit. and so on the other hand, the, the banks basically decided for themselves, maybe even a while ago given the press margin to take more interest rate risks. so with the, basically the, the knowledge that the fed is going to increase their should have taken action in terms of mitigating this interest rate exposure. so of course that wasn't part of the bank. ok, and looking elsewhere, we saw european banking stocks taken knock. i'm thinking most permanently of commerce bank, for example, the big on the 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 pentagon currently was currently subsided because it had to reserve and government has basically given a blank check covering all depositors, making it less likely that the deposits are going to run at the moment. i think the stock market stock market decline of the european banks. german banks for was a little bit of exaggerated because the, the problems around much in the u. s. banking system. i think specifically for taking as the b as an example, given the size, it didn't have to adhere to the same liquidity rules. for example, as does the german dodge a bank of mass bank, which has a much larger liquidity position, right? so from, from, from that perspective the banks are very different. this is why i'm not thinking that the problems in the us will become an immediate issue in the european banking

sector. ok, so at the moment, reasons perhaps to be optimistic looking ahead. stephan, thank you very much for that. thank you. let's turn to a massive new round of layoffs. meta the company behind facebook and instagram will cut 10000 jobs as part of what the phone calls it's year of efficiency and an email to measure employee c. e o mark soccer bugs 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. let's go dns caught on this e n y. 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 that 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 a division that is responsible for developing the met averse 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, of job cuts early november's since then, the stock of meta has more than doubled. okay, we'll just, when we thought the job cuts will over another weight comes in quarter. thank you very much for 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 track bought can outperform 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 a 102 percent came as bonus 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 and a safe hands of a captain who's a 100 or 30 kilometers away. there's no one aboard this vessel just cameras.

broadcasting cooper, i'm 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 engine ah, the small things that are listened to that makes that we are on the ship to remote work. the captain can steer 3 freight ships at the same time. belgians 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 polite as 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 pollution rights. it's folk. it's 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 water truck, you can transport 17 trucks worth of soil and 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, i think sucrose sent out we want to be ready for the future on how to enable our employees and future employees 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 instead of doctor shopping that will be wiped around 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 nico africa when prayers for rain, the early reading for that is our answer and with science i canyon in geo teaches rainwater harvesting, as we're going to our forsworn field,

grim single young voice, or what arkansas is from michelle's helping farmers and just to failed rain patterns to save their crops. eco africa. on d, w. of the me and mystery. concealed in the ground most is painting. notorious and controversial and the outbound basically means me writing the near scholarship and revealed and nevertheless, a mystery to this day. what lies behind the cut and 45 minutes, w o. b or slime rivers created by

waterfalls throwing water particles into the air. b, trees, sweating out up to 1000 liters of water in a day or sea forest fires, evaporating large amounts of moisture tune in to get the answer and learn more about this phenomenon. a heavy, invisible river that flows through the sky starts march 23rd on d w ah hello and welcome to a new edition of echo africa. water is a key resource without clean drinking water, we cannot survive.