tv DW News Deutsche Welle March 20, 2023 5:00pm-5:31pm CET
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a survival guide for humanity. hundreds of leading climate. scientists sign off on a critical update on global warming for the data comes a warning act. now, before it's 2 legs, class protest script, kenny and capital nairobi with demonstrators taken to the st. oh, the countries cost of living crisis and global markets react as swiss back u b. s. acquires it's rival credit suisse, switzerland central bank, fast tracks. the deal designed to avert that banking crisis. ah, i'm good. how else as well come to the program? china's presidents, each in thing has arrived in moscow. the trip is widely seen as a show support for russian president vladimir putin, president. she is the 1st national leader to be welcome to moscow since the
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international criminal court issued an arrest warrant for vladimir putin over russia's alleged war crimes in ukraine. china has not condemn thrushes, full scale invasion, and with his forces struggling to make gains, mister putin hopes to signal that he has a very powerful ally. rushes from mining ukraine has advanced, retreated, and inched forward since it's invasion a year ago. but one thing has stayed constant european hopes that russia's biggest ally could push it to end the destruction for our beaker. she ship kit that is important for us that china does not choose russia side a little. we expect china to fully use its influence on russia, your ring, russia, to respect international law. well, tell us, you know, i said to president she, that it's important for china to exert its influence on russia. china has called for peace negotiations last month. it released at 12 point piece played for the
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ukraine conflict that was widely condemned by the west hoover, not making specific demands on russia. you couldn't. indeed, beijing looks reluctant to clip russia's wings before russia invaded ukraine. both president, g and fulton declared a no limits partnership between their country. they've met in person since then, and president she state visit to russia is a strong signal to the west way. and because m putin didn't win the war quickly, not to rethink its relationship while keeping this very strong alliance intact. so china's main focus is to make sure that it continues to trade heavily with the west white, also maintaining its close friendship with, with russia. but china may be offering russia material support in the war. us base security researchers say the chinese companies are exporting equipment to
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sanctioned russian defense firms. and the u. s. has warned that china may soon provide lethal support to russia. there is no evidence of that happening on a wide scale yet. china has taken on and increasingly combat of posture towards the us as moscow's troops struggle on in ukraine, china is working towards its long term goal of expanding its influence on the global stage. so that's brand there, the w t for to the router that walker for more of this meeting, richard, what do the 2 presidents each of them want from this meeting? what it is they're saying to look at where they're coming from, isn't it? because you have vladimir putin, of course, in his war. and ukraine invaded more than a year ago, he'd hope to talk with government there in short order that didn't happen. it hasn't been going well, and increasingly he's becoming more and more dependent on china. his is easily the
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most significant support that he has on the national stage for economic support for diplomatic support. and he would like that supports get further and further. he would certainly love to have strong military for support from china as well. so far as we know that has been coming in so that that's putin side of the picture. she, jim ping is coming from a different place of lead china as a much bigger power analysis than russia. but it's also been having a difficult couple of years. it has are 3 years a pretty much isolation from the international economy. that's just how tough it's kind of coven lockdown period was. it's opened up in a very bumpy way. recently. he's now been confirmed in power for as president, but he needs to get the economy back on track. and vladimir putin, russia is important as the source of, of energy as a source of commodities of all kinds. and all so, and this is where they have something in common as a source of kind of diplomatic support in the other direction. because what they have in common is really lining up against the united states in particular,
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but also the u. s. kind of late. so democratic order is more broadly, which they see as really the main hindrances to their national goals. vladimir putin for what he wants to achieve. ukraine and, and europe. he sees the u. s. a. standing in his way. likewise, she, jim ping, seeing the u. s. a. standing in its way towards what it calls you, read for cation with tie one towards. it's a rise as a major global power. so really this is all about signaling also to the united states that we're sticking together. a briefly other really seeing i to i always one gaining more than the other. i mean, it is certainly, it's an, it's, it's not an equal relationship, but not at all. i mean, russia is far more dependent now on china than the other way round without china support. russia would be in very, very difficult circumstances. now if she is also trying to appear as a,
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please tell us more about the, the chinese piece plan for you cry. yes, this is where i kind of what we just talked about. kind of gets a bit more complicated because on the one hand you've got this really close relationship which i find to demonstrate here. on the other hand, china and shipping a trying to insist that china is neutral on the biggest issue of the day on this war. and it's come out recently with what it called a position paper on the boss. and, you know, these are, are sort of principles for, you know, how you could arrive a piece and being sort of hyped up in the, in the media as an extent, as a sort of piece plan. it's been criticized in the west for a lot of it sort of pretty much the working towards rushes favor, but still number one point on this paper is the importance of sovereignty, respecting, sovereignty and territorial integrity, which any detached reader might think. well, that means, you know, don't invade other countries, don't try to take away other countries territory. so there's definitely curiosity
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in western countries. what's he going to make of this? where is he going to go with this? and vladimir putin said at the beginning of their meeting just now that he's, he's read this is interested in talking about it. but at the same time she didn't, pink just said to him as they met, there must go under your strong lead. it brush has made great strides in this prosperous development. i'm confident the russian people will continue to give you their support next year in election. those not the words of a really honest broker of a neutral party. so big question marks about how serious a china really is about this plan, but we'll watch the next couple of days. see what comes out of it. which of walker stevens national as a thank you very much. and now the serious effects of climate change are hitting the planet faster than expected. that's according to a panel of un, un climate scientists which as just published it's latest report commenting on the
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release un secretary general and tony with her said the world needs to act faster. humanity is on thin ice. and there pisces melting fast. there's to this report of intergovernmental panel on climate change, my p. c. c. details. humans are responsible for virtually all global heating over the last 200 years. the rates of temper to rise in the last half century, is the highest in 2000 years. concentrations of carbon dioxide and at their highest him at least $2000000.00 heres the climate time bomb is sticky. plenty with harris speaking then i lose. osborne from the w environment is with me as you've been working through this latest report was just been published today. couple of hours ago are watson, the report that we did normally not. so there's not actually that much that's new in the report. the report is actually more of a summary of reports that have been released over the past 5 years or so to really
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give a brief and concise plan of what action needs to be taken to reduce carbon emissions for policy makers and governments. moving forward with this, and it's really acting as a final warning that if we want to make sure that we don't hit this 1.5 degree limit or don't go over it by too much any way that action needs to be taken immediately. you there been so many final warnings and reports and, and, and all that. so what is it that we need to do now? so the report says that radical and immediate action needs to be taken and the emissions are still rising at the moment. so they need, they should be thinking, yeah, it stay the same, it should be saying, and they should peak at the latest by 2025. that's what they're saying with this report. they're also saying that they need to cut it down by almost half by the end of this decade. if there is any hope, again of,
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or not hitting that 1.5 degree temperature rise. i think stop or government industry needs to stop investing in fossil fuels, moving towards renewable energy, and also looking at carbonate capture and storage as air as a way of also taking carbon out of the atmosphere. whether that's through planting you tree, or by looking at new technology to do that. now, many, many governments, most governments around the world are behind this panel, the i p. c. c, the international. our climate change. while we not seeing any progress has been going on for many, many years, i mean, it's not a simple to say that we haven't seen any progress. there has been progress. i mean, at the pers agreement where the governments came together initially to talk about like the temperature rise limits. we were looking at a 4 degrees rise and temperature by the end of the century for the pledges and promises that countries made at that point. we're now looking at, you know, up to
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a 3 degree rise, which, okay, it's still way too high, but it's still moving in the right direction. if it's, you know, too slow. i mean, a countries like germany, for example, are looking at facing out coal based ah, energy by 2038, maybe by 2030, even. but as gutierrez says, like net 0 promises need to be met much earlier than the 2050 that a lot of governments are promising. so it's not just to include it. it's not just him and glue. um, i mean this report is very clear that we still have a chance to come under or to at least not go very much over the 1.5 degrees. it's just a case of like, acting now and using this as the, the jumping off point to actually doing the things that need to be done rather than just talking about them. it's also a point where, you know,
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governments can take it back where individuals can start thinking about taking action if they're not doing it already. and where industry you need to look at the company's ation. and it's just a reminder, or like i said before, our final warning that that needs to be done with the w environment desk. thank you very much. i go to a kenny and now anti government protests in the capital. nairobi appear to be winding down early on monday. please far tear gas and rescue several of position politicians on with the people protested against president william. brutal keeps failing to bring down living costs to power september a position leader, rayleigh thinker, as who weekly demonstrations, despite the government. now the w correspondent, felix america jones, is now from the kenyan capital, nairobi felix protestants, apparently have gone home. now can you summarize the day for us?
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so the day started quite, i lea elisa 6 am in the east african time. shops was closed in name, in the central business district where protested had been asked to gather by leda by the opposition lea, dad a load the anger. but as throughout the day they are running bottles to the police and protest does. and the police would occasionally the protest as would throw stones at the police, the police would dare bad draw tear gas canisters. they either protested to despise the crowd than later on. the opposition leader showed up. and as they read through several towns within the city and every other stop that they made, they would address the crowds and then the police would actually either through tear gas canisters with them, or even asp. last them by the what i can on. so that was the whole scenario. of
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course, during the day there were a number of shops that was broken into because they remain closed for the better part of the day. and there was middling majority of their roads and that come into the c, b, d. and that dr. outs out of say all out of the central business district remained a less busy as compared to all the other days. now what's behind these protest, felix? are they only about the rise of cost of living? not just about the rise of cost of living of cost. a majority of both we spoke to. i said that the rising cost of living actually brought them to the streets. but this protest had been called by that opposition leader, a loading guy. and part of the things that they actually want to address is the constitution of their electoral, the independent electron boundaries commission. and they're saying that the commission as a bundled out with no, do you procedure,
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so they need to be reinstated something else. the said that the promises that were made by president fruits and his team and they build up to be at, in strange to general election have not been met. and so the ones to press and government to deliver on the promise that they made just before the election. now the position you that are, you mentioned, it was the one who called for these protest despite the governments tough stance over those demonstrations. do you think this will keep going? absolutely. so back in 2017. busy there was something that was called much as the monday to mean. she has every monday and it kept going and to present that then president will kenyatta actually called for a truce between himself and a loading guy. they thought they had the handshake in march 2018, but when president futon was complaining, he was very got to go to court. that irrespective of how many protests or how many
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had sons that they'll position you have, he will not have a home sick with them. or he will not sit on a table and discuss anything else. and today, presidents, which was actually treated and said that he will only discuss that which is constitutional. anything else outside the constitution, he will not be involved in those discussions. so yes, there's the meal team led by the opposition leader. a loading guy is actually saying that they will continue with a protest every other monday until they are listened to. on the other hand, the government is saying that they are not going to have any dialogue that is outside the constitution them. so if you means a case of wait and see as to what will happen, our correspondence, felix america, every 40 from nairobi. thank you very much. felix banking stalks have risen again after switzerland's biggest bang, u. b. s. reach to deal to take over its embattled rival, credit suisse. swiss government is preparing emergency measures to foster the
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approval. there are fears that the crises could. these stabilize the global financial systems system after the collapse of 2 banks in the united states. ah, the humbling end of a banking icon, the swiss government hastily forced through the takeover of credit suisse by rival ye, the s at well below market value. switzerland is fearful that a failure to protect depositors could lead to a global banking crisis. the bankruptcy of a global systematically important bank would have cost irreparable economic term oil in switzerland and throughout the world. the federal counselors convinced that u b. s. takeover of credit suisse has laid the foundations for greater stability, both in switzerland and internationally. switzerland. second largest bank had been
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in trouble for some time, suffering scandals, public legal battles and mounting losses. these longstanding vulnerabilities were brought to the surface by the collapse of silicon valley bank and signature bank in the u. s. highlighting just how panicked investors are. there is hope that the financial problems were unique to credit suisse and could therefore be contained in this deal. but experts warn this may not be the case once a large and highly connected institution, such as this runs into trouble that there is always a risk of contagion. and it may be a good idea for regulators and central bankers to try to get ahead of that problem . central banks across the globe are faced with a potential crisis of confidence in the stability of a financial system. as investors and depositors alike fear a looming credit crunch sion of the earth federal reserve bank and earlier. and i
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asked hans peter balk hoffer banking expert and hall at hall harm university stood gut. whether these problems were indeed unique to a credit suisse, or if we can expect more problems with a banking system. for the moment it seems to be safe. there is nothing like panic it, but for sure as you have a higher will your ability, due to the increased interest rates, the central banks had to increase the interstate very fast to fight inflation because they're just late. they could have done this more smoothly. they would have record asked about that in, and this has be consequences on the values within a bank because banks have lots of long term positions which lose value if the interest rates go up. and so the vulnerability is their banks that lead liquidity right now, banks that are trouble, right? no, get much more punished than in normal times. now will remember 2008, the financial crisis was so government around the world intervene to save banks with taxpayer. money were told, this should never happen again,
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but apparently now it is happening again. states are making were billions available to banks and crisis. why is that? well, 1st promising that it will never happen again, is somewhat against the construction of banks. banks perform the function of a liquidity pool for economy, which means they're always open to the risk of a rung run. and this is exactly what's happening right now. and, and you can have as much regulation is your life. you won't get this out of the system without just destroying the whole system and unluckily, things are valuable for economy. so it would make much sense to have no banks in at all anymore. so we must live visits in perfect chelsea and i'm afraid the regulators were not too much aware of that. they believed if it got a perfect system of control and nothing can happen, but that's not the real world. there's just the world of technocrats. so what we need is it a sort which really intervened fast and which was high competence and case of crisis so far as his work took. okay, so craig, swiss is not just any bank, it's
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a huge play on the, the international financial market. it did the banks like credits will not learn any lessons than from the 2008 crisis. well, kenneth listed under spec, a special bank they did get through the crisis, was out state help. i'm local, is this put away too much of the pressure to change to get into new air standards with regard to safety. also in to get into new ways how to do bang, who is a closer look at risk all the time. so they're just were too slow to change and now they get into stormy with us and install me with us. ships that are not well papered, will unluckily sink. so in this disrespect, credit suisse is a special case, but for short, many other banks, which might be special case from for other reasons, might be tested as well. and that's a dangerous time get traveling into. so you're saying that the ordinary people like you and me, you still have to worry about their savings in their bags?
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no, i don't say says, i mean the banking system is widely diverse, switzerland and germany, very many different types of things. some of us are very sound and almost speaking thanks profit from higher interest rate because allow, it allows them to earn a higher margin. so it's kind of time inconsistency for the moment. we've got large value losses and they bond to portfolios of banks due to higher interest rates. and the medium term banks earn more money and banks that have rightly hedge their interest rate risk. they already look, earn much more money right now. so some big bank specialty john banks, which have been very stressed in the past. they have very good results at the moment, look much more stable than that. it may be 5 years ago. and for the bulk of their from one i'm university. thank you very much. for your expertise, it later it's been 20 years since american and coalition forces began their invasion of iraq on a mission to topple saddam hussein's dictatorship and find weapons of mass
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destruction. within 3 weeks, saddam's regime had fallen, but no, stockpiles of nuclear, chemical or biological weapons were found. at the time u. s. troops left in 2011. the war had claimed the lives of more than 100000 iraqi civilians. us losses reached nearly 4500. now a semblance of normalcy has returned to the country, but iran still battles a range of problems, political instability, to poverty and rampant corruption. our next report takes a look at today's the rock shock and awe. do you rock war started with a barrage explosion, sliding up back dad on the banks of the t chris river. by night soon, us troops were moving into the city and they intended to topple dictator saddam hussein in a very literal way. this is that
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same square, 20 years later puzzling with traffic modern hotels and fountains the city is a far cry from the war torn place that the name backed out evoked after more than a decade after tearing violence that killed tens of thousands. but despite the relative peace of recent years, many are still troubled. one law hardly union enough sidwell. currently, the situation is the same uncle brought up. there is no difference between the current regime and the previous one, e. valuable pebble. when you want to speak or demand your rights, they confront you with weapons and killing, said, i hope it's no different from the previous regime in the hub level global quitman go here. well, i want to assumed it iraq got rid of the tyrants. saddam hussein and the country would be in better shape, but it was one tragedy after another. saddam was gone. but we got 1000 other saddam saddam oh, elephant down. but not everyone feels despair. and i'm wondering,
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i know shall whom really there go. do i have faith that the use of the ones who come up with the idea is the use of the ones who lead the revolution tamela the use of the foundation. and the best proof of that is the protests that happened in 2019 . we saw the youth laid, the protests on that gave me a bit of hype. already had the animal with natalie on back that still suffers from widespread poverty, despite iraq's great oil wealth before it was stolen by saddam hussein. now the oil money still does make it into regular people's pockets. a lot of iraq is still the same and nothing has changed so that citizens hoped for something better, but there's no change available. there's no more shock, you know, just a white bread feeling that things could have and should have gone much better. and before we go, some good news for finland. again,
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it's been declared the world's happiest country for the 6 year in a row. the world happiness report examines the happiness gap between the top of the bottom half of countries population is and says, people are happy in countries where that difference is small. in addition to fin the oven, all the countries are well represented in that list with all full in the top 10 time to move to scandinavia. that's it from me on the news team for now don't go away. next is news. asia with be rushed about a g 11 update for you at the top of the got it off as men. i thanks for watching. ah ah. with
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a look at how art struggles to survive in hard times. ukrainian artists are fighting against the war in their country and for the preservation of their cultural identity. aren't 21 in 60 minutes on d. w. will you become a criminal? ah franklin. oh, ready knows, with hackers, paralyzing the tire societies? computers that are some are you and governments that go crazy for your data. we explain how these technologies work, how they can go in for and how they can also go terribly.
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watch it now on youtube. to own or not to own. what about a sharing economy instead of a change in thinking is changing the economy to create something new the economics magazine trade in germany on d w. mm . 50 dublin is asia coming up today. when china play mediator or enabler in the ukraine mall, it's the question on everyone's mind as president, huge and big arrived in moscow to meet vladimir putin. we look at what to expect and how countries in central asia view this relationship.
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