tv DW News Deutsche Welle March 16, 2023 8:00am-8:31am CET
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ah ah ah ah, this is dw news coming to you live from berlin. investors unnerved as banking turmoil spreads asian markets slide after regulators in switzerland are forced to give credit suisse, bank liquidity, lifeline. following a slump in, in shares, investors are still spoofed after the collapse of 2 bags in the us. also coming up
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fighting rages in the ukranian city of bock moot. and keith is preparing to launch . possibly the spring counter offensive, plus thousands protest in paris and a last ditch effort to deter lawmakers raising the age of retirement changes. the government says are necessary to save the pension system. ah hello, i'm terry martin. good to have you with us concerns over the health of the global banking system. absent asians talk markets palling after shares and swift bank credit suisse plunged to record lows. the troubled lender has said it will borrow up to 15000000000 euros from switzerland central bank and a bid to shore up its liquidity. or how much cash it has on hand to finance has been this sudden multi $1000000000.00 collapses of to
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b. u. s. banks last week of sport, growing fears about the stability of the banking sector. while for more we've got rob watts from dw business with us here in the studio. rob, how alarming is this development with credit suite? well, it certainly had alarm bells ringing because what we have here is a major international bank having to seek help from a central bank. that's something that we have not seen since 2008 and the global financial crisis. but we have heard the central bank in switzerland and also the swiss financial regulator and credit suisse themselves all trying to delay the fears a because it is fear that ultimately drive down. stock prices, credit suisse says that it does have enough liquidity, and the $50000000000.00 or so euro's that it's borrowing is melly preemptive to make sure that it doesn't run out. and the central bank of switzerland says that credit suisse does have enough liquidity to meet the requirements for
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a bank as important as it is. nevertheless, this is a significant warble in the financial markets of europe and actually the world. so i mean, a little bit alarming. a 1st, it was a couple of us banks in trouble and now we've got a very well known european bank is in trouble. is this the contagion that analysts had been warning us about? and i can't sit here and tell you that we had to major banking, wobbles, one in the u. s. and one in europe in the same week. and they're not somehow linked . but the case of critics reese is very different to that, or silicon valley bank and signature bank in the united states. credit suisse is for a while been seen as the sort of us suppose. sick man of the european banking sector has been beset by scandals in recent years. it's undergoing a major restructuring that's costing it an awful lot of money. it's made losses in the past couple of years expecting to make lost this year and next year. but the climate surrounding the banking sector is, was caused is to happen right now in that climate has been created by what happened
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in the united states. the sensitivity of markets to questions of liquidity of banks has been created by what happened at silicon valley bank. so when the major shareholder of credit suisse says, we're not sure we could be able to provide any more money to they. spank. that's really rattled markets this week because of what's been happening in the states. this is a moving story. you talked about market sensitivities, how are the markets looking today? it's not been a great 24 hours for markets around the world. european stocks across the board pretty much down. actually the pan european stalks index with our 7 percent yesterday, which is a big drop. also across the board in the u. s, we also associate as slip. and then in asian markets, they appeared to be doing the same thing and falling significantly. but then when we had the announcements from credit suisse, and also from the authorities in switzerland, those losses were held back a little. but we have to look forward to european markets later, we're getting another interest rates decision from the european central bank
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a question before and has been how big is the interest rates rise going to be? but now there's the question, or the actually going to raise them a tool because of what's been going on. so invest is going to hang on every word of christine le god, later, the central banks president market jitters, rob watts from dw business thanks. ukraine's president followed a meal. zalinski says he believes russia's war is approaching a decisive moment in his nightly video address. he said moscow was on the verge of failure in ukraine, thanks to western weapons deliveries. and as those deliveries including german made leopard tanks, that many are pinning their hopes on in the east, particularly bach mood. that city has been a key battleground in the war. so far, and it's in the region where keith has signaled it's gearing up to launch a counter offensive against russia. so can ukraine break? the stalemate there. russian artillery fires on past mode. after months of attempts
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to take the city, ukraine has forced his enemy to commit major resources and take tens of thousands of casualties. the ukrainian military says it's buying time for a spring counter offensive. part of the preparations for that counter offensive are happening far from the front lines in spain. ukrainian troops are finishing their training on advanced western tanks. they hope the leopards will be a game changer on the battlefield until now ukraine has been using older russian model tanks. ukrainian troops are getting training from nato forces elsewhere to like here in the u. k. learning the art of combined arms warfare. how to coordinate all the high tech weaponry with infantry assaults on the front. a tank commander has high expectations. knows the concept and tactics of tank usage and battle will significantly change because western tanks have a higher firing range and other capabilities like
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a digital information field. if this equipment is used properly, one can destroy the enemy before the enemy approaches its firing range that her pooler. analysts say ukraine will likely amount a major attack in shop. a reason of province aiming at the russian held city of melita hall, a successful push would cut through russia supply lines to its forces further west . there are factors like whether that can only be guessed that not controlled. spring mud can slow or stop tank advances. bogging down the russians and ukrainians alike. that means the timing and the target of any counter offensive, or still a mystery, which is just the way ukrainian commanders wanting for. we're joined now by military analyst, marina myra. and she's with the war studies department at kings college london and joins us from munich. marine ukraine's present. it says the war is at a decisive juncture, where russian aggression can be broken. do you agree?
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oh, thank you for having me. and as a matter of fact, president lansky has been saying it. and in contrast to what we're hearing from lloyd austin, when it comes to the fight in bo, moved and had you are in a meeting general's allusion. he has also made a point that buckman is very important and strategically important indeed because it could bring about the collapse of the entire frontline for the ukrainian forces . so the idea of holding on to book moved is to win time and generals her ski implementer of the army agrees, was that because the reasoning is to try to destroy as many russian troops as possible. and i think indeed it is a very important battle which also determine the morale of the ukrainian armed forces. and if they were to lose, it will give russians the spring platform and obviously m m victory in the
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information sphere, which might a foot see credibility under a question mark of the capabilities of the ukranian armed forces. should russian succeed or talking about those capabilities or ukraine's ability to beat back russian forces depends to a large degree on the timely delivery of western weapons. is ukraine getting the pire power it needs when it needs it? well right now ukraine is also suffering from the shortage of 125 millimeter artillery shells. windows that in ukrainian own production has started several ammunition lines and need a scrambling to get so shells to you crating. so in terms of fire power, weekends sees that ukraine is firing a lot less than this. russian count of bar. it also compared to last summer, both sides of firing a lot. last what it comes to artillery and it, when the, when it comes to weapons when it comes to tanks. and we are expecting that ukraine
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will be able to use sam some time at an end of april, beginning of may. and how's that will play out remains to be seen because of the weather. because the tanks that different from the foggy prototypes that the ukranian armed forces used to do so, it will show how well the ukrainian forces that are currently being trained in spain, u. k. n o. other places can implement the skills, learn, and can adapt on the battlefield. ukrainian troops. her continued defending bach moved to despite heavy losses. for the reasons that you mention could these losses, marina jeopardize keeps ability to launch an effective counter offensive in may or june. as you mentioned, well, it's a great question because apparently a key of is not going to use specifically those forces who are now in the mood. but the forces that are currently being trained. and the problem is, we don't know,
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we know about the potential contra offensive. there are still gases, whether it will be in the parisha direction, or whether it's going to be in the mood where the russian forces will be weekend. the ukrainian general staff obviously doesn't want to announce the location of the counter offensive. however, the problem is that the brain generally suffers from manpower shortage. so in terms of manpower, russia is having heavy losses, but sold us ukraine and in relation to ukraine. russia has more potential, so losing those forces and having a kind of a spear, had formed from the newly trained forces, reinforced by the mobilized, mobilized forces, calls into question. what will happen with other locations on the battlefield, where the russian pushing through it remains to be seen what happens between now and the beginning of may end of april because that's kind of the period be before
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the ukrainians can potentially launch a contra offensive. and this will be decisive to marion you, whether they have the ability for and thank you very much. that was marion marion from kings college london. thank you. u. s. defense secretary lloyd austin and his russian counterpart, sergey so i have discussed tuesdays drone incident over the black c. u. s. military says it's surveillance. drone was in international airspace when 2 russian gents dumped fuel on it. one of them then clipped its propeller, causing the drone to crash. moscow denies. it's to blame and says it's trying to recover the dren, the u. s. believes that would be difficult given how deep the sea is in the area. defense secretary often has strong words for moscow. after the incident. on tuesday, russian aircraft engaged and dangerous and reckless and unprofessional behavior. in
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the international airspace over the black sea. and 2 russian jets dumped fuel on an unmanned u. s. m. q 9 aircraft conducting routine operations in international airspace. and one rush and jet struck r m m q 9 aircraft, resulting in a crash. this hazardous episode is a part is part of a pattern of aggressive risk, but risky an unsafe actions by russian pilots in international airspace. now i just got off the phone with my russian counterpart minister showing you as i've said repeatedly, it's important that great powers be models of transparency and communication and united states will continue to fly and to operate wherever international law allows sketch up on some of the other stories making headlines around the world's day rescuers, a racing to say minor is trapped in
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a colombian coal mining complex after an explosion killed at least 11 people. authority said the glass, the tor through the 5 interconnected mines was caused by a build up of methane gas. social media giant tick tock says the u. s. government is threatening to ban it's video sharing app. if it's chinese owners don't sell their shares, take talks, beijing base parent company has been facing growing pressure around the world over peers. that user daughter could fall into the hands of the chinese government. and israel's president to isaac had. so it has unveiled a plan to resolve the standoff of, or controversial judicial overhaul. but prime minister benny minister now, who has already said proposal will worsen the current situation. nothing yahoo is plans to weaken the supreme court have sparked massive protests. well, while those protests are set, continue in israel. prime minister benjamin netanyahu is currently visiting germany
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. he landed at berlin airport a few hours ago for one day trip. that will see him meet with german chancellor, all shots and president. i bought a shy my before departing from is real. netanyahu spoke about his visits, top priorities. so, so i now deposit on a visit to berlin, where i will meet with the german chancellor, the main subjects i will discuss his iran, as well as of the issues that are important to the state of israel. the security issues don't take a break from moment. it will have further coverage of the israeli prime minister's visit to berlin, right here on d. w news throughout the day. and of course you find a lot more about that on our website that d, w dot com. lawmakers in france have approved the wording of a proposal by president manuel mccord to raise the retirement age from 62 to 64. it clears away for the controversial bill to place a pinal boat in parliament as early as thursday. the move came as thousands of
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protesters took to the streets of cities across france in a last ditch attempt to convince lawmakers to oppose a final show of force against french president, emmanuel, my collins unpopular pension reforms across france. protest is turned out in their hundreds of thousands desperate to force a last minute turn around by lawmakers union leaders in not said they had no intention of backing down. i thought reform is bad today. it would be bad once has been voted for it all personally by force. so keep fighting for it's completely dual a type of thing. oh, i thought it actually the raising of the retirement age remains unacceptable to us . the protests were largely peaceful, though there were some skirmishes with police ah, according to surveys, more than 2 thirds of the population opposed mac homes plans to raise the retirement age. from 62 to 64. recurrent protests in recent months have drawn
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millions across the country and repeated war counts have disrupted the transport factor. to coincide with wednesdays, protests unions called an 8th day of strikes in paris. refuse collectors walked off the job over a week ago. now $6000.00 tons of rubbish have piled up in some areas trash has almost taken over forcing pedestrians on to the roads, attracting rats and repelling restaurant visitors and tourists. it did surprise me alive because i heard that, you know, people ladies told me like, oh yeah, it's a very clean you know, you know, very clean city. so just like a surprise me so far, we're not changing any plans. if we encounter more garbage though, we'll probably visit other parts of the city because we don't the garbage has done little to impress lawmakers. nicole's bill would bring france more into line with
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its e neighbors, most of which have increased retirement age to $65.00 or higher. but with union saying they'll continue their battle even if the bill passes. pension reform in france is set to remain a burning issue. for no one hour joined by our correspond elisa louis in paris. so lisa macross pension reform has met with massive resistance from the street. as we just saw. is there still a chance the parliament won't approve it? well, and the rent and the reform has already gone through both chambers of fatherland and, and then a mixed commission found a compromise between these 2 different versions of the reform. it looks like it. so this morning the fannie is going to vote on that compromise. but seems kind to be a kind of shore to go through ad, but in the assembly, it's not really that certain that my call will find a majority. remember,
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he does not have an absolute majority with his party and allies. and so he could afford a few votes, short of getting majority of for this reform indeed say this is really the moment of truth for him. so it's not a done deal yet. to what degree does microns, political credibility hang on the passage of this pension reform? lisa? well, absolutely, this is the one big reform he has been talking about when he got re elected here in france last year. he says, this is really important to put in place. he's got other reforms coming up. but obviously if he fails to get a majority for this one really important reform according to him that he will lose credibility. and it is a for far from certain if he will find the necessary majority for other upcoming reforms on an international level. he's always been trying to, to be to big tim self as a strong statesman. and that would put
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a series question mark over that. and he would also lose credibility on the european level over the, to mediate and the conflict in the, you know, after the russian invasion in ukraine, the retirement age in the current retirement age in france. lisa is 62. that's well below the average. why is pension reform so controversial in french? well, $62.00 is the minimum retirement age, so the actual retirement age is rather around $63.00. france is in the middle field in a european comparison. now, for the french people, for those opposed to that reform though, it is really a bigger question. they are saying this is about a, you know, this is by about justice. really. we know that some people need to retire later, but we don't want those who have very difficult jobs to retire a lighter, and they need to to be able to benefit from their
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a pension time. and so they're opposing this reform, which they feel is just a very unjust for food that would favor the rich and you know, be detrimental to the poor. he in france. lisa, thank you very much. that was our correspondent lisa lewis in paris. some sports and fans of german club i taught frankfurt were not allowed to buy tickets for their champions league game in italy against napoli, but hundreds clashed with police in naples after making the journey. anyway, footage showed frankfurt fans throwing smoke bombs and flares of police who responded with tear gas chairs bottles and metal poles were also among the projectiles. while a police car was set on fire, the decision to deny tickets to frankfort fans came after violence at the 1st leg of the match up in germany. napoli won the ty,
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5 nil on aggregate to advance to the quarter finals. thief of president johnny infant, he know the most powerful man in the world of football stands unopposed for reelection in thursday's, fif, a congress gathering in rwanda. but there has been fierce criticism of the organizations attitude to human rights under infant, you know, including from the german football association. see for president gianni and santino has faced plenty of criticism for his perceived autocratic style for his organizations lack of transparency and on human rights issues surrounding the world cup in guitar. denmark and norway had withdrawn their support for him. well, in advance of the vote, know the german football association, the d f. b has joined them. my oldest im dog. i find there is often a lack of transparency and clarity about how decisions are made. that that's all i'm asking for. there's nothing more, nothing less. and melanie vinegar,
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the relationship between the d. f. b and pfeifer is strained. the d b says questions on human rights often remain unanswered. infantile, meanwhile, is certainly known for talking a good game. he brought me up to no human rights protection of human rights. international level is and top priority for fever. we put it as a condition in our bidding process is for all our competitions and whatever we go around the world. we are, of course, a highlighting the need for protecting human rights fee for had said it was open to creating a compensation fund for maltreated guitar, a workers that hasn't happened, but the upcoming fee for club world cup was awarded to saudi arabia. those firms and stick white glove british cut off that for me it's about fif is credibility. it has to stand by the statements. it's president makes the most. i have to admit,
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i don't feel that's the case. so i find it hard to offer my support. mindful, infantile may not be flavor of the month in europe, but his huge popularity among the majority of 5211 members means his re election as president is likely to be a formality. after more on the reelection, ayano infant tino at the fee for congress in rwanda. we've got chris harrington from d. w sports with us, chris, we're hearing the german football association and other european football associations are criticizing people's transparency and even some of decisions. yet infant tino is standing for reelection unopposed. what do you make that? well i think that you have to really echo they said to me that's coming out of norway. their head of their uh, football federation. they. vail edge that there's a culture of fear that has manifested, you know, prior to the election fif, a had sent out basically endorsements,
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urging the member states to support infant tino. that's one side of it. so some believe the tone at the top is extremely important. and then most of the naysayers come out of europe in south america, that of the $211.00, you know, votes that exist. europe and south america only can buy for $65.00 votes. so you know, they can try to throw rocks at the sun. is all day long, they'll never reach it, you know, they can, all the, most of their power to do is pretty much not applaud when he's re elected. but money is a big factor in these political elections. i would say right now there are $4000000000.00 in reserves that is waiting to be split up in infant tino will divide that pot. so i'm sure all of those would be voters are eager to elect in fatina because they want that return thief up the has been growing. what justification has people offered for expanding the way it has? what money? the bottom line money in the product. you know,
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you can look at this recent world cup in guitar, in terms of the football on the field, everything in the background. of course, there was a lot in the build up in terms of human rights, but the product on the pitch was outstanding. you know, it culminated with messy winning a world cup, you know, thrilling the football world. there was even morocco that was considered a dark horse. there's that side of that product electric. and then, you know, the revenue was coming in. and then when you look at the women's woke up in 2019 in france, you know, that was able to attract a global audience of more than 1000000000 viewers in, in the expansion, you know, in 2026. you know, more teams are going to be in the world cup in the u. s. a. mexico and canada host together in a more games as well. so more money and more money, more money. basically all of the member states will have a lot more money for forecasted particular this year 2023. i think the estimate around 8000000 each for a return that's an increase from 250000. so you know the since ada. chris,
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thank you. so much chris heard him from d w sports. thank you. and you all are watching t d w news coming to you from berlin up next we have focus on europe for you, of course, and get all the latest news information anytime you want on our website that said d w dot com. i'm terry martin. thanks for watching. ah ah, with
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