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tv   DW News  Deutsche Welle  March 16, 2023 10:00am-10:16am CET

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to the end, to get the answer, learn more about this phenomenon and make a heavy, invisible river that flows through the sky starts march 23rd on d w. ah, ah, ah, this is d w. news coming to you live from berlin, global markets, jumpy as banking, turmoil spreads, patient stock slide, but europe's react positively. office with regulators handle liquidity, lifeline to lenders, credit suisse. investors are still spooked after the collapse of 2 banks in the us
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. also coming up german chancellor, olive shots tells lawmakers that he wants to boost europe competitiveness ahead of an important you summit next week. he also foreshadowed further measures to provide to better provide farms and ammunition to ukraine. ah. hello terry martin, good to have you with us. european markets are appearing to rebound after switzerland's embattled bank. credit suisse won a big financial lifeline. concerns over the troubled lender had earlier said. asian stock market's falling. credit suisse says, said it will morrow up to 50000000000 euros from switch on central bank in a bid to sure it's liquidity, liquidity being, how much cash it has on hand to finance its business. the sudden, multi $1000000000.00 collapse of to us banks last week,
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a spark growing fears about the stability of the banking sector. well, here to help us make sense of this turmoil we've got rob watts from dw business. so rob, what are global markets doing this morning? and it's been a global rollercoaster over the past 24 hours. terry, so we did have across the board all the indexes in europe sliding yes day after we had this news that credit suisse is biggest shareholder, wasn't gonna investing any more money in the bank. and then wall street slipped as well. asian markets appeared to be doing just the same. but then we had this announcement from credit suisse that it was gonna be taking out these 50000000000 euros of loans from the central bank in switzerland. that calm things down, setting the groundwork for today where we've seen in europe stop markets looking a little bit more confident, credit suisse shares rising again today having lost almost a quarter of their value yesterday. and also there's a bit more confidence in the markets because what has been happening happening with
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credit suisse has got investors thinking that it might well happen, that the e c, b doesn't raise interest rates by as much as it was expected to do later today that decision coming stead very, very fragile time for markets with ironic thing is that now that markets are feeling a bit more confident that actually makes the chances of the raising interest rates buy more by not like $0.05 to see as the of the worst case scenario. by investors, i was making that more likely. so it's, it's strange catch $22.00 position for the c b. you know, we had 1st, the 2 u. s. banks getting into trouble and the fed intervening are taking the present bod, making speech, trying to call markets, wanting to stop contagion. but here we are in europe with a really big name, bank credit suisse, also in trouble. how alarm should we be? is this the contagion? everyone's been worrying about, well, alarm bell certainly happened ringing,
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haven't they? and is this contagion? well, the way we have to look at that is to say, is what has happened with credit suisse a direct consequences? what happened in the united states over the weekend, and what we can say is, yes, it is. they may be very different cases, credit suisse, and silicon valley bank and signature bank credit suisse is a global international bank that's been in all sorts of trouble over the past few years. it's have various scandal, if it's undergoing a major restructuring, that's costing lots of money's making losses year after year at the moment. but what has been happening with credit suisse is a direct result of the confidence hit that the markets have taken as a result of what happened in the you asked these questions over the liquidity of banks have been raised precisely because of what happened to silicon valley bank and it is these questions that have ended up causing investors to panic about the situation at credit suisse. good to see european markets rebounding a bit, but the story is still moving along. could happen rob watts from the w business.
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thank you so much. thank you. ukraine's president, the leukemia zalinski says he believes russia's war is approaching a decisive moment. it is nightly video address. he said moscow was on the verge of failure in ukraine, thanks to western weapons deliveries. and it's those deliveries including german made leopard tanks that many are pinning their hopes on in the east, particularly buck route. that city has been a key battle ground in the war so far, and it's in the region we're key of has signaled it's gearing up to launch a counter offensive against russia. so 10 ukraine break the stalemate. russian artillery fires on past moot after months of attempts to take the city. ukraine has forced its 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 the counter offensive are happening far from the front lines in spain. ukrainian troops are finishing their
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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. know the concept and tactics of tank usage in battle will significantly change because western tanks have a higher firing range and other capabilities like a digital information field. if this equipment is used properly, one can destroy the enemy before the enemy approaches its firing range that her bullet analysts say ukraine will likely amount a major attack in shop or reason or province. aiming at the russian held city of melita hall, a successful push would cut through russia supply lines to its forces,
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further west. their factors like whether they can only be guessed at 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. earlier i spoke to military analyst marina mirror and she's with the war studies department at kings college london. i asked her if the bottle for backwards and the heavy losses on the ukrainian side could jeopardize kids ability to launch an effective counter offensive. 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, we know about the potential contra fans. so there are still gases, whether it will be in the parisha direction,
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or whether it's going to be in the mood where the russian forces will be weakened. 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 kind of manpower, russia is having heavy losses, but sold us ukraine and in relation to ukraine. russia have more potential. so, losing those forces and having a kind of a spear, had formed from the newly traded forces, reinforced by the mobilize mobilized horses, calls into question. what will happen with other locations on the battlefield, where the russian a 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 before the ukrainians can potentially launch a contra offensive. and this will be decisive to marion you,
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whether they have the ability. so let's take a look at some of the other stories making headlines around the world. are russian president vladimir putin is hosted his syrian counterpart, busha allison in moscow, there discussions or thought to have focused on rebuilding syria after years of war and on mending. it's ties with turkey and with syria under western sanctions. putting has been assad's strongest ally. rescuers are racing to say minors trapped in a colombian coal mining complex after an explosion killed at least 11 people. authority said the blast that tore through the 5 interconnected mines was caused by a buildup of methane. myanmar officials are visiting room hinges camps in bangladesh as part of a pilot repack creation project. but it's only expected to involve some 1000 refugees and return date has not been said. nearly
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a 1000000 range of listen refugees live in bangladesh. most fled a military lead crackdown in 2017 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 fears that user data could fall into the hands of the chinese government . german shazlaw shoulds has defended the 1000000000 billions of euro's and germany has sent to ukraine and said it was important to keep gets the ammunition it needs quickly. speaking in the bonus, hong he praised germany for terminating its dependence on russian oil and gas without having to turn off the top. see also reaffirm the need to for europe to work together to tackle short and long term challenges. including being energy independent and tackling climate change. to your more what shoals had to say
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on energy supplies, cyclists. mr. past year has shown us is what we can achieve together. if we work together on the basis of solidarity and act resolutely in just 8 months. in germany, we made ourselves independent from russian gas and oil and coal. we're not just 8 months. we have completely changed our energy supplies system with very different terminals for liquid gas kind of and different interconnections. and no one has frozen this winter. we have not have had to turn off the tap while with me in the studio for some analysis is our political correspondent, benjamin over as the group. but anyway, we just heard chancel. sholtes, they're talking about how germany came through the winter so well over the last 8 months that is wind itself off or off of russian fossil fuels, is the energy crisis a thing of the past?
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it's not over. and even though his message was of hope in of confidential saying, we have to stick together and do this well. so if other officials who said we need to be cautious now, as temperatures arising, again, we have spring around the corner and that might also lead to consumers into companies and lowering the god when it comes to saving gas as well. so it's a long process. we have the transition, so he sat that germany has managed to do it so far, but of course, looking for the resources of energy, it's not a task of the possible still continue. that, of course, is going to be a big topic at the european council meeting in brussels next week, which is the speech was related to we should mention. but shots also was very much focused on russia's war against ukraine. that's a major concern for germany. the rest of europe, ah, has the chancellor's started to show more leadership on this issue because he's been subject to really quite a bit of criticism on that. not only a bit of criticism, a lot of criticism, if we look at how germany actually changed from the psych vendor from the 6 big
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speech that he gave to start sending these 5000 helmets to sending heavy weapons to then giving the green light of that severe pressure from european allies also sent this leopard to 2 tanks, but that we have to make the difference between what he says and what he's doing is that something the free play math, the bonus tag position, lead us that immediately after the speech we just heard the chance that it was freed, this man saying, and he said that there's a discrepancy between what he says and what he does, referring to a report of the military commission that says that not a single sand has been given to the bond. is that already? so we have the difference between what he's saying of st. with that we need a strong bonus. vamp needs to be quicker to get this equipment to get this arms a germany sending to you crane, and also the seeing a some actions. again, this european summit coming up next week schultz is preparing for that germany and the e. u is the other 26 you members states have not always seen eye to eye and terms of policy. what are some of the points of contention there benjamin, one of the biggest is now almost like
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a cottage in stand up between brussels and belinda. was this agreement to see how the engines will look like at the cos after 2035, to new cars, the european a union, and they pro business f d. p. party. one of the 3 parties in the german government that has the transport ministries has always deciding on that set that we still need to look if they're at e fuel cars. so engines with e fuel that can be used after 2035. it has led to criticism, but the german chancellor, yesterday when he m, had a chance to talk about that. who was asked about that next to the swedish prime minister. he sat, that's not a deal, was still talking about it and we'll still in touch. so that will definitely be one of the things will you see differences between in brussels that will be addressed. hopefully address also before this you council meeting next week, but he went over as gruber a political correspond. thanks so much for we go. just reminder the top story we're following for you. european markets are
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appearing to rebound after switzerland's embattled bank credit suisse. one of big financial lifeline concerns over the troubled lender had earlier sent asian stock market's falling. investors are still spooked after the collapse of 2 banks in the u. s. you're watching dw news from berlin, coming up next we got a documentary film for you on the work of dutch master painter vermeer. more at the break. i'm terry martin. thanks. mm. imagine how many portion of floods us her now in the world climate change to be very comp the story. this is my plan, the way from just one week how much was can really get we still have.

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