about the sounds of power, inspiring story about survival of the home and go get the tennis. i was the only one what mine could look. music nazi germany, watch now on youtube. d. w documentary ah ah. business dw news live from berlin, sold for more than $3000000000.00, was no longer possible to restore the necessary confidence. and that the swift and stabilizing solution was absolutely necessary. westbound hubie as acquires as

rival credits with any deals supported by the country central bank and designed to our beds. the potential banking crisis. also coming out, vladimir, put in visits occupied mario bowl, the kremlin house police images up here into she'll put in the ukrainian city, which rash and forces captured in made. this comes after our rest wiring is issued against the russian leda, alleged war crimes committed in occupied ukraine. meanwhile, moscow prepared to d. she's in pen. western lead us will be jane will put pressure on good sense and the innovation. the chinese presidents as the piece plan, but it falls short of western expectations. ah, i am eddie micah junior. welcome to the program. so as alons biggest bang, cubis has reached a deal to take over its embattled rival credit suisse for 3 and

a quarter $1000000000.00. that's just about 3000000000 euros. the takeover comes amid fears that an ongoing banking crisis called to stabilize the global financial system. with the land is preparing emergency measures to fast track to take over g b. s. we receive equity assistance from the state. the turmoil was unleashed by the collapse of 2 banks, the u. s. as the swiss pressed and alone, beset speaking as the deal was announced, the liquidity outflows and market volatility shows that it was no longer possible to restore the necessary confidence. and at the swift and stabilizing solution was absolutely necessary. and this solution is the takeover of greatest res by u. b. s. it is supported by the for the right until following several meetings with national bank. we've our regulator, the feed map. we've tried the series and you'll be as in the for, i can't say,

well, comes the stake over and is supporting it by guaranteeing the framework conditions necessary for its success. i asked my colleagues in b s. d from d w business about the size of this take over $3000000000.00 deal, tv comparison, the market capitalization that is the total value of all the shares of credit suisse. on fridays, it close was $8000000000.00. so shareholders going to take a huge loss on this, but they won't get up say, and it's because part of the deal means that shareholders won't get to vote on the deal. and so the 2 boards are for the banks have voted on the dealer will vote on the deal. and again, that shows you the urgency here. it also this $100000000000.00 credit line that is made available by the swiss national governments with national bank that shows you that they want to help you swallow this monster and to do it in switzerland. that is, the big thing here is that this bank is disassembled in that country because it's also about jobs, not just about the global contagion before switzerland itself. it's about some

valuable assets, but also jobs more than $16000.00 in that country. so this was a bit of a shotgun wedding. it's been a bit of a shock for everyone and we're still trying to understand what it means. yeah, in all, definitely we're still trying to get this, but it, there were a lot of fears of a possible financial crisis like what happened in 2008. now that this deal seems of going to is, are those fears are laid now? well, it's hard to really know 2008 was a different story in many ways that was about utterly worthless assets and the great facades that we're leverage off of them. and so when those underlying assets are worthless for kicked out, everything collapse, there's one, we're not talking about worthless assets here. in many cases we look at s p b silicon valley bank, for example. we'll take this off. these were based on treasury bills that lost some of their value. this is really psychological. what we're seeing is that once the depositors have heard that they, that, that these banks are losing, than they're running and taking their deposits out. and others fearing a bank run and going and doing the same thing. and it's something that you or i

might do as well. if we're not sure we get our money back. even if we believe the underlying value of the bank, the fundamentals are ok. we might also want to pull our assets out in fear of a bank run. so it's so psychological, we don't really know what to say about the what effect is going to have on the market. this is one of the world's 30 largest banks. this is probably gonna keep going for a while, at least it's going to be a shock, i would say for the system to digest. and it's unclear how officials going to handle this. it's a good idea to make comments, the might not make comments. how do you reassure a very jewelry market? that's the question that comes out of this. does it just from what you say? so it sounds like good news, but still not really sets. and if is going on, is that the governments are willing to act so fast. the regulators are willing to act so fast. and you can see the lessons of 2008 built in to that. they're not gonna sit around, they're not going away. they're going to try and reassuring messages, but ultimately, when some deposits are not insured, and they believe that there could be a bank run even if they believe that everything with the bank is early fine. but they believe that there could be a bank run. they may go and be a part of it is

a self fulfilling prophecy. how do you stop that? that's the big question. so any sort of bank that is shown weakness over the past year of the past few months. in the next few days, there's going to be a concern that it might kick off something similar. so there's going to be a lot of messaging around this to try and reassure, reassure, reassure, ok, we'll have to wait and see how things goes to invest. the funded of your business. thank you. you. russian president vladimir putin has made a surprise visit to occupy my real ball exiled authorities from the ukrainian city have condemned the trip to came hours after another unannounced to stop in crimea, which russia illegally annexed in 2014. even briefly meeting with locals and shaking hands. years ago. oh, we didn't expect this. can i say hi. thank you. with

my little girl. we've seen you many times on tv, but we need to get to know each other better. hm. it's, i believe this is put in his 1st trip to the eastern don boss region. since he launched the invasion of ukraine and february 2022. you had also been with russia siege of the port city saw it's wide spread destruction and capture a year later, buddha is overseeing a war that hasn't gone to plan. and now, according to the kremlin, he surveying rebuilding efforts in the occupied territory. his spokesman called it a spontaneous visit, but the ukrainian government has angrily lashed out, comparing it to a criminal returning to the scene of a crime. with the defense ministry posting the murder of thousands of mary jo po, families came to admire, the ruins of the city, cynicism and lack of remorse,

back home. some have criticized prudent for not being as visible as ukrainian president followed him here, zalinski. and it's not clear whether this trip will be enough to rally his troops are quiet, his critics youth keep less than a bag. as an artist, originally from don, yes, in 2014. she fled to my real poll, and more recently she had to flee. maria poll for keith, she said would be her feelings about seeing the russian leda visits and has city and hi, early. yes or you're right. twice displaced because of russia. ah, and actually you know, as for money was i really wanted to see some, or i could neither both buildings or neighborhoods when i was watching the creeping youth about putting, visiting my will. but no, unfortunately, there was everything in a dark night. it was,

it could have been stage in any pavilion or any other city, so rail really i do not. but even when she entered ceylon money, this cultural center, no, i didn't drink, ignite it and come on. now the thing is putting is always surrounded by my bodyguards and my convoys. and now he started only driving the cd, which is which was bombed and destroyed. he's just driving it by himself with no convoy. no, come on, especially the thing is the, it was night, meaning the curfew or, and suddenly putting meets some people who are outside. ok. you know it's, it's also that the passion with what you're talking about my whole as clear for all to see what does the cp mario paul mean to you? while this is my 2nd whole. now i have 2 places in my heart that belong to

the home that i lost and i cannot come back there. and that's why just yesterday, after the warrant off, international criminal court was issued. of course it was copy. of course i have i have this hope and isn't the believe that what in will be will be punished, will you? he will answer for all his crimes, especially for the children it because i, we worked, we used to work with teenagers in my life. and many of them were really deported. many of them were violently taking from the, from the parents. so, i mean, we're waiting for, for this a, for this international criminal court issue. it actually, eddie,

come on. this is the exactly what they wanted to do. they wanted to distract our attention from this core to my group, but i think it didn't work that it was out as diana back speaking to me earlier from keith, russian president vladimir putin says he welcomes china's willingness to play a constructive role in and in the conflict and ukraine, the statement came ahead of a highly anticipated and deeply controversial visits by chinese 1st and seizure being she is set to arrive in moscow on monday. the visit is a show of support for the in bottle of russian president who struggling to achieve a subjective green with envy. this will be watching closely. china has put forward its own peace plan, but disappointed who can lead us by failing to condemn russia aggression. so what should we expect from this highly anticipated meeting? i put that question to really not check our over founder of the geopolitical

consultant company face, and a former director of the austrian institute for european and security policy in vienna. this is the 1st visit of fishing being after he actually solidified his position in the highest excellence of power, sol. it's obviously about the message inc. and it's obvious also that said the symbolism here is very, very strong. but let's talk about that. you political site and that is that china steel wants to avoid a tree front scenario from happening. that means that a seizure being see self enough, critical face of military escalation into straight of di, one and also in a face of ongoing patients along the line of actual control, wheat india. and that means that he wants to prevent any security vacuum in the north of for his border or sir, that is sir. 2400 kilometers long border with russia. so the message is clear of these closed or talks will be a lot about defense technological corporation. next to the other critical fields

such as energy, commodities, erico cher, trade, in economy. and here i argue, we will see if even if not avert a support further, ongoing support coming from china for moscow. and that means that this will be the main, a lifeline of for moscow in this war. fully not soccer over talking to me earlier. i, let's take a look at some of the stars making headlines around the world. the of is a former time when he's president maryan juice, as he will vis a china this month. it will be the 1st on the current or former taiwanese leader as verses are china since the staff of communist rule there. in 1949, china denies high once independence status i just on the police have charged for my prime minister run can. and several of his aides with terrorism is support as

allegedly attack security forces outside the court in islamabad on saturday. at least that more than 50 offices were injured and the police checkpoint and several costs were torched. dozens of supporters were arrested. indications that following because it's done by the men's relation should clear victory. but it would impact your president seem to march. he's looking to cement his grip on power of the side lemming. his predecessor, despite even was lacking a refuse to support rash invasion of your dream or recognize it's an extension of some ukrainian territories. people in south, in ecuador and neighboring parts of people, have been tearing the debris after returning to what's left of their homes following this weekend's powerful that week. they've also been making that preparations to bury the victims the creek killed at least 14 people in ecuador, and one and 2 before we go here, as a reminder about top story. so salons, biggest bang,

u b. s is that to take will buy it bottled, rival credit suisse at the price of more than $3000000000.00. the movie. com, the sector, vs that are ongoing banking crisis. go to stabilize the global financial system. and that's all we have for you for now. next up report i looked at why in a poll has one of the worst and safety records in the world. don't forget, there's also more news on our website. i. d, w dot com and our social media channels i handle is that d w. i am eddy micah junior. thanks no for your time with every journey with we've got it all out you one day in the in the put.