the most exciting sport stories about people passion and their dr. sports life every weekend on d w. ah ah, this is the w is coming to you live from berlin, sold for more than $3000000000.00 swiss bank u. b. s. requires it's rival credit suisse in a deal backed by the country. central bank is designed to avert a potential banking crisis, but the stock market suggests more uncertainty ahead. also coming up the

e. u in turkey, rally financial support from the international community. they're looking to kickstart a 1000000000. uh huh. $100000000000.00 relief and recovery operation after devastating earthquakes and in buddhist think of football. labor cruising deal by munich. their 3rd loss of the season, knocking them out 1st, please. ah hello, i'm terry martin. good to have you with us. switzerland's biggest bank you be us has reached a deal to take over some baffled rival credit suisse, for 3000000000 swiss franc. that's just over 3000000000 euros. the take over comes amid fears that an ongoing banking crisis. could these stabilize the global financial system so which one is preparing emergency measures to fast track? the takeover and b will receive liquidity assistance from the states. the turmoil

was unleashed by the collapse of 2 banks in the us. here's the swiss president lamp br, say, speaking as the deal was announced, the liquid at the outflows, and market volatility shows that it was no longer possible to restore the necessary confidence. and the swift and stabilizing solution was absolutely necessary. and the solution is a takeover of credit histories by u. b. s. it is supported by the for the rights on still following several meetings with the national bank. we've our regulator, the fema with crazy stories, and you'll be us and pretty much can't see, welcomes the stakeholder and is supporting it by guaranteeing the framework conditions necessary for its success. joining us in the studio is steve bears les from d. w. business save up,

forced 3000000000 euro takeover of which one the 2nd largest banks with regulators wanted to have this deal in place before markets open. how are investors responding to tell you what we can say so far? looking at asian markets, which have been open for a while now that they're still sort of unsure, they're still trying to find their footing and figure out what's going on. in the case of hong kong, we've seen a definite slide because there's a fear that there is exposure to some of these bonds that were wiped out completely in the steel. other markets in asia, like i said, still trying to find their footing. european futures, they start off positive now they're trending negative as well. so markets still obviously jittery. we know that in the u. s, there's probably also likely to be more jitters because a 1st republic, one of the large banks there, there was a story line last week as well. shares were down 30 percent on friday. it's likely going to need more help soon. this take over in perspective for steve, how much of a, how big of a deal is it? yeah, shocking. i mean these are 2 of the largest banks in the world. the shot gun marriage

is simply essentially between the 2. and shareholders really took a haircut on this. they're, they're getting less than half of what the share value was on friday. and then as i mentioned, some bondholders going to be completely wiped out the shareholders didn't even get a vote on this because the rules were change as part of this negotiation. and so that only the 2 boards decided if this would go through or not. so there's going to be a lot of anxiety created about this amongst investors amongst those were holders of those bonds is going to be lot of reassessments of their positions as well as the value of other banks of similar size. so we could see a lot of shifting positions and then there's also, i mean, really ultimately this is really a message for deposit. that's the main thing here is that that message is meant to be for the passers more than it is for shareholders and u. b s isn't doing this alone, they're getting a lot of state help. billions from the swiss government. how important is that support? yes, that's a huge message. it's basically saying that they want this deal to go through

without friction. no u b. s has to consume a very large bank and it has to disassemble it essentially on its own ends. credit suisse was not in the best position. it had a lot of issues that had a lot of open liabilities, especially with, especially with legal cases. so this is going to help ensure that they can digest that they can come out on the other side looking nicely. really what, what's, what's don't want to do is basically have a double barrel approach to this and say, look, you have more than enough that you need, that sends a message to market saying the liquidity is there. we're seeing something similar from the central banks all around the world right now. they release the message, the c, b, the fed, central bank in japan and switzerland saying that they would make monetary loans available to, to banks on a much easier basis to increase liquidity. this comes after time in which they've been making money, actually harder to get for many of these banks. now they're turning in the other direction saying look, money's going to be easier for you, liquidity, liquidity, liquidity is a big message of the 2008 financial crisis. the money is there, it's all about reassurance. but so much of

a psychological so we don't know how well this is going to work and we will be monitoring it. of course, with your help, steven beardsley from dw business, thanks so much. fell russian president vladimir putin says he welcomes china's willingness to play a constructive role in ending the war in ukraine. the statement came ahead of a highly anticipated visit by chinese president she jane pain fee is set to arrive in moscow today. monday, the state visit is a show of support for the embattled russian president, whose invasion of ukraine has met with massive resistance. western leaders will be watching closely. china has put forward a peace plan, which is unacceptable to ukraine, as it does not demand a russian withdraw. earlier we spoke with belinda chuck rover, founder of the geo political consulting company face. we asked her, what china's leader, cheating, paying want out of this meeting. this is the 1st her visit to of sit him being

after he actually solidified his position in the highest excellence of power, sol. it's obviously about the messaging. 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 sees itself in a critical face of military escalation in the strait of di, one and also in a face of ongoing patients along the line of actual controlled wheat india. and that means that he wants to prevent any security vacuum in the north of her. his border, sir, that is said 2400 kilometers long border with russia are sold. the message is clear that 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. sketch up on a few other stories making headlines around the world to day. montenegro is pro western president camilo duke and knowledge has won the 1st round of the countries presidential elections. he secured around 35 percent of the boat. with former economy minister, yucca milan, told me it's coming in 2nd pair will face off in the 2nd round in april. more than $1000.00 young children die world wide each day due to a lack of clean drinking water. let's, according to a new report from the un children's agency unicef. it found that a 190000000 children in 10 african countries were at the highest risk from polluted

water and poor sanitation. the officer forward, taiwanese president maryan, jew says he will visit china this month. it will be the 1st time a current or former taiwanese leader has visited china since the start of communist rule. there in 1949, mainland china seas taiwan. as a renegade province, european and turkish officials are set to meet in brussels to raise money for survivors of last month's earthquakes in turkey and syria, the un says more than a $100000000000.00 will be needed. in the meantime, survivors are living in desperate conditions in camps the size of cities. officials on both sides of the border are racing to provide short term aid and have promised to rebuild soon. piling misery on misery floods sweep through temporary housing for earthquake survivors and

a southern turkish city. as turkish president recham type air tuan visits residents in a city size 10 facility in ha tie defending his government's response and promising mass of reconstruction to come. he faces election soon and widespread discontent with his government's response. there left the state came to the aid of affected citizens with all its means. they are also carrying out the necessary preparations for the construction of new residences, yard aluminum corps, yet is it to be up? well, aim is to complete and hand over $319000.00 residences and village houses to their owners within a year. at this 1st stage, which is all no good being cold before that can even begin. many cities and towns are still in rubble, just clearing it will be a massive undertaking. over the border in syria, hundreds of thousands live intense cities like this one. on the side of

a former driving school in a rebel held part of the country where the government is providing no aid, help must come through international crossings to turkey. and that hasn't worked very well. a un report slammed the local and international response and clearly the own groups who are not helping by obstructing aid coming cross lines. the syrian government in damascus took a week before they even allowed for the extra to crossings and the united nations. and in trust communities seemed paralyzed during that period. and that's really what needs to be looked into. no matter how much money is pledged, it will take years and a real political commitment to make life anything like normal here. some buddhist legal football now and labor cruise and put a dent in by him unix, title defense effort. shocking the hosts with a to one victory. not from

a kimmie put by an a head in the 22nd minute, but the lead would not last leave accusing had already leveled from the spot once. and this foul by day. oh, my con no turned it into turned into another channel. t is equal palazzios, converting his 2nd of the day the result does ortman to favor as they overtake by and as table leaders. after the game usually can make talked about what the defeat means for bye and going forward. we're not at the top anymore. and so we're, we're to work more am to get better. we know that we have the really important games ahead them, especially against almost at home. and we know now that we have to win when you own berlin among the strongest, honestly, you saw it when playing at home stuck to that script when they hosted, pray purchase, the visitors came to berlin with

a good head to head record against the home side. but the eagles failed to take flight in a 2 nil last to the berliners o noon berlin. a fortress in the league when plain and home were licking their wounds after their european season came to an end earlier in the week. but so did frankfort. and both sides were still looking for their 1st, but as they get, when in the month of march, things got cracking after the half time break. a look what i found moment from ronnie katira, a bit of pin ball in front of gall and unknown take the lead. true to their strengthen home own doubled their lead, less than 20 minutes later. substitute here been bearings. want for the ball. stayed with the in fired and sub security for the home side.

in the reverse fixture, it was required who got the shit out victory. this time when you on berlin, flipped their score line and get the 2 new victory themselves, and they move up to 3rd place it stay right in champions, lee contention. just a quick look at while the stories from the world of sports in the n, b a, the utah jazz stunned, the boston celtics after launching a spirited come back keep one eye on the clock now because this remarkable game saving block by walker kessler just before the final buzzer is what help seal the victory for the jeff scott history. previous in the n h l, the boston bruin's feet the minnesota wild 5 to 4. their 2nd straight when they would pass, knock scores, his 47th goal of the campaign, and his 6th in 8 games personnel had scored

a 2nd. both goals in the league re this is for marcia for we go, just a reminder of the top story. we're following for you here today on the w news. switzerland's biggest bank u. b. s is set to take over its battled rival credit suisse at a price of more than $3000000000.00. to move aims to call the sector amid fears that an ongoing banking crisis could de stabilize the global financial system. you're watching dw news from berlin. world stories is up next. i'm terry martin. thanks with a with interest in the global economy. our portfolio d. w. business beyond here's a closer look at the project. our mission.