raw materials on a revolution from the roof tops could solar panel, roof tiles, health power? the green energy transition is the date of your business on robots in berlin. welcome to the program. it's another 1st, since 2008, a major international bank, reaching out for financial help. credit suisse says it's borrowing up to 50000000000 euros from switzerland central bank to stop running out of liquidity in the future. the lenders share price lost almost a quarter of its value on wednesday through space shareholder. saudi national bank said it wouldn't be investing any more in the company, but it has also been beset by years of scandal and is undertaking expensive restructuring. let's discuss the situation at credit suisse with florian hider and economist at the light in its institute for financial research safe thanks a lot for joining us on the program markets were calmed by news that credit suisse was seeking this help from the central bank, but does credit suisse have

a liquidity problem. hello, i'm any banks will have a liquidity problem if those which have deposits at once and altogether take the money out. so in theory, any bank, if it is being ganged up on by the positive could fail. now, fundamentally, the numbers at credit suisse, i'm not looking worse than it would be for bank that doesn't look to be particularly well managed. i mean, it's a lot a lot. it has lost a lot of value over the last year. not just the last few days. it's lost 70 percent of its share price in the last year. and so yes, it is the bank that it's in trouble. but yes, it's also a bank that seems to be doing the right things to get out of it. so injecting some liquidity is the usual thing that's been done. and my guess is that if they

can turn around the business model, they should be fine in the future. and that's what they're, what they've said is what they're doing. but how much can what we're seeing with credit suisse over the past 24 hours. i've been linked to what we've seen over in the united states with silicon valley bank and signature bank. over the weekend there, there is a link and as always, in the financial crisis, banking crisis, many things have to come together and. and in some sense, the, the silicon valley bank that was just the, the spark that ignited ignited the situation. why? because we have, we have to say to underlying issues here. we have on the one hand, that european banks generally have under performed relative to us banks over the last few years. so it's not,

they're not in the best shape. they're all struggling. add to that. the massive change and interest rates of the your area has seen the highest rise and interest in it's in it's in the policy rate since the existence but these things together and add a bank that has reminded people that duration risk is a real thing. you know, you're not surprised that in europe, people look at various banks and, and if you have, if you have the weakest link in the chain, which would be credit suisse because it has been under performing the last few years on that bank will be in trouble from what you're saying as, as why we should be worrying about more than just credit suisse harry in europe. so if you know the worst, were to happen with credit suisse, and we did see some sort of collapse. would that lead to collapses elsewhere? not necessarily not necessary, but any bank is, is,

is, has it has a liquidity problem because they lend long and, and borrow short. so again, if for some reason the positives all get together and take the money out and coordinate on that, that's the key thing. coordination, then any bank that has engaged in any kind of business risk to make some money will be in trouble. so the key is, how can we prevent this? does panic or sending management of bank sending signals that would allow the depositors to coordinate. i mean, it's not in my view, a particularly smart idea too when you're in trouble ask for money and have not prearranged this money coming in so that you are then in a situation or ask for money or ask for more equity. and i'm surprised that no one will will be putting this up to me. that is in our that sounds

a little bit short sighted. so yeah, yeah, i would rather say that you have, there had a bang than reactionary. i suppose. people are obviously naturally thinking about lehman brothers and they're thinking about 2000 and say it's 2008. just briefly. are things different to 2008? yes, there are, there are, does there different in, in 2 dimensions, but there's one common theme and i think that's why why people up at work. so the differences are the nature of the problems. very different. i mean, right now we're probably talking mostly about interest rate, risk about products that are very transparent. people can figure it out easily before it was securitization from what even know what that stuff was. even the banks themselves. and 2nd, bank regulation has made significant progress over the last few years. we have better capital regulation, better liquidity regulation, ref stressed us, yes, all of this and perfect by it's miles better than it used to be. the common theme,

however, is that we're seeing a relatively rapid rise in interest rates and policy rates after a period of very low interest rates. and that will always upset financial markets somewhat. and to be honest, yeah. so i am somewhat surprised that we haven't seen more yet because we've seen raising interest rates for the last one and have years as a very different climate. i'm sorry to interrupt you for a night over. we are just out of time, but thank you very much. for joining us on databases you're welcome. now, so you look at some of the dealer there with his stories making the news. so like as crisis hit, economy shrank a record 7.8 percent last year, long blackout and critical few shortages of throwing the country into an unprecedented economic crisis. government is currently trying to secure a bailout by the international monetary fund, wants to repairs finances, and the leaders of japan and south korea have agreed to settle a long standing dispute on high tech materials at a meeting in tokyo,

family lift curves on exports of critical compounds, south korea or so we'll drop the w t o complaint against japan. the year is making plans to secure its own supplies of the raw materials needed to build a greener future. the european commission wants to end the blocks overwhelming reliance on imported metals from overseas, with things like wind turbines and batteries. it also wants to kick its habit for russian gas once and for all rain showers overly age won't stop this business from pushing for a solar powered future. the european union is rushing to replace imported fossil fuels with renewable energy generated here in europe. demand at this panel installation firm has been rising rapidly. but there's a catch ya invented bull nose, bob, what does she have a real reliance on china when they don't yet have integrated solutions in europe? good luck. when it comes to circuit boards and batteries,

they are 100 percent chinese original. so she, so there's a strong premise in this area. and from the vulnerable process, china's supply chain dominance is partly don't to access to the metals and materials needed to manufacture electronic components. and other green industries in the you are facing similar issues. this rock contains lithium and it might not look like much, but lithium is used to manufacture electric vehicles, smartphones and all sorts of batteries. and demand is expected to drastically increase in the coming decades. a global race is now on for the critical raw materials that can power clean technology. because otherwise, there will be no inter energy transition without these minerals. while there are deposits of these crucial elements in the u geologist, anake boris thinks the block will remain dependent on imports for the foreseeable future. due to local opposition to mining on environmental grounds, the consumer,

those who buy electric cars, those who use solar panels on their house, they should be really aware that those metals had to be had to come out of the ground somewhere. so we don't allow mining in europe where we can do it in a responsible manner in a clean manner. it will be done elsewhere and we don't know how it, how the mining was done there. with what environment consequences. brussels wants to radically diversify suppliers for these crucial metals. but it looks like the scale of the challenge is only just becoming clear. how could an energy revolution also come from europe's rooftops, testers, he long musk once set his sights on creating ceramic tiles that doubled his solar panels. and now a young german company appears to be giving the 1000000000 aaron, for his money. will their invention help to top up? europe's energy transition plans. let's take a look. this house is getting a new roof and there's something special about it. it's made with solar tiles like

regular tiles de provider shield from the elements by there also capable of generating power. they're produced by out arc, a start up from prince loud in eastern germany. now on, i want to make a simple calculation example of 1000 tiles on the roof. ever peak of 10 kilowatts fennel in brazil, depending on the location in germany, you can get about 9000. sometimes 10000 kilowatt hour is not coming down every year . i'm kind of the initial investment can pay for itself in about 20 years. the investment is a sizable one though, compared to solar panels attached on top of a normal roof out arcs, a solution can cost several 1000 years more. that's because solar tiles are still manufacturer and on a small scale in this factor in germany with a process that involves a lot of manual labor. despite the higher price, more and more customers are expressing their strong interest in the technology was

our customers have a friendly approach. they're interested in trying something that excites them, their interest in the aesthetics of our solution. plus we were able to come with thanks to our product safety features. the inter printer wants to produce more and bring down costs at the same time. to do that, the company's automating production with more and more robots in order to handle the upcoming expenditures. the owners brought new investors on board for the startup. it's the leap of faith. in last year we double our revenue to 5000000 this year we aim to increase it fivefold. even 6 hold german homeowners tend to be price conscious, though it might still take some time for them to fully embrace this new technology . and a reminder, the top business story that we're following for you, this our credit sway says it'll borrow 50 philly in your eyes from the swiss central bank to show up as finances as over the lenders. liquidity let it share

price to full by quarter on wednesday. announcement it was seeking help calmed global markets after index as well as wide took it and that's all from me on the business team handbell in from or you can head over to the database dot com slash business or the data. we can use youtube channel to see you next time with with

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