this and pushing this, i geology, almost a tried to been and family, but also i'm sick, she has been after our children and he was adopted by leaders. and we've seen the same sentiments going all the time and it has become a talking point until g p t. actually, richard, listen by joining us to like to come paula in uganda. mr. listen, but we appreciate your time tonight. thank you. this is the w news. daniel winner is up next with your business news. i will see you tomorrow. ah a change your mind. just click away. find out this documentary on you to see the world

already right now. t d w documentary, these places in europe or smashing all the records into a bold adventure. it's the treasure map for modern globetrotters. discover some of you will record breaking sites on your back. and now also in book form. ah, all banks bouncing back banking stops, rise as investors in the beleaguered 1st public up here. assured treasury sector john yellen saying that the government is ready to provide more support to struggling small lenders will get the view from wall street. also coming up

fishermen from the you are left in a pinch. norway says no to crap, catching around its waters around small bod. and we'll visit garner, where young artists and a small label are giving you appeal to discarded clothes. it's that time again dw business. welcome. the u. s. banking sector is stabilizing after recent worries over the state of u. s. banks, and some high profile collapse is rattled the industry. the beat assessment comes from the us treasury secretary, janet jaelyn speaking at bankers association, meeting on tuesday, saying that the steps taken to protect deposits had shown us banking system, was safe and had strength and public confidence. she also said, authorities were ready to take similar actions to protect small institutions if they suffered, runs on deposits. and james sweeney is in new york with more on this. james allen's comments appear to be helping to lift a banking stocks in tuesday,

trading with 1st republic leading the pack that's. that's correct. janet yellen is pretty much come into the rescue today. her comments a low lead the way for more than 50 percent in today's search. so they for 1st, for public a much needed bounce back for that company. and for those wondering what you said, well, you're pretty much pledged to support the u. s. banks in a bit the ease the financial well, the fears of financial contagion. you'll him told members of the a, b, a that's the american bankers association. that the federal government is ready to step in to help out other trouble lenders after the collapse of silicon valley bank and signature bank. saying that the steps we took, we're not focused on eating specific banks and that our intervention was necessary to protect the broader us banking system. and more importantly, she said that similar actions could be warranted if smaller institutions suffer. deposit runs that post the risk of contagion. so if you're wondering what does this mean? treasury secretary, you're pretty much taking a val today to come to the rescue of troubled regional banks and regional lenders

and the response positive as expected the. busy belgians closing up nearly one percent 1st republic soaring just under 30 percent, that a key core us bank or jumping more than 8 percent packed was of nearly 18 percent of a big change from yesterday. well, let's fix this for right now, but there also early suggestions on there are like new possible permanent safeguards with the banking system. what do you see? what suggestions are on the table? are there suggestions? yes, there are. are there guarantees? no, there are none right now what i'm seeing, what's what i'm seeing and what i'm hearing is that jenny dylan is indicating that investigations of this crisis, the bank failures in particular, they're coming and then apparently includes discussing the effectiveness of the current rule. she wants a full account of what happened the review was coming in, in our own words. she said that we will need to reexamine our current regulatory and supervisory regimes and consider whether they are appropriate for the risk that banks face today. and what does this mean? it means that just like back in 2008,

don't be surprised to see some post crisis reforms after these investigations are complete. changes were made to adjust to the risk of the that they faced back then and the same will likely happen. now. could this mean a permanent expansion of the f d i c deposit protection above 250000. possibly it was just lifted rent to protect customers of the field, silicon valley bank. but again, it's justice as a suggestion, not a guarantee. in their own words there's, there's a lot of talk going on here, but we should find out more the facts on the coming weeks or maybe months. all right, well let's look ahead to wednesday because it looks like the fad is got his biggest old brother. most difficult decision that has had to make it a while. does it keep right? steady and risk inflation or high crates and risk hurting banks? i have the be straightforward here. it's not going to be easy being fed sure. powell tomorrow at 2 pm eastern, which is when the fed will make its decision with him as a case to be made for and against the $25.00 basis point rate hike here. simple. the fed lives rates that shows competence. hurry,

the fed can then say it's managed to contain competence so far and that it compress a head with its great fight against inflation. at the same time, lifting rates could possibly increase concerns about the status of the stability of the banks themselves. why high grades when this may put more pressure on these regionals, is the federally that convinced that recent efforts to support these smaller banks or more than enough? i mean, the fed could also put hikes on poles this go around to, you know, do no harm. but some can also view no action as a reason to be concerned about the bank's comments. like look, they did nothing. you know what that means. they're doing nothing. obviously there's an issue here. simply put, we'll find out to morrow, but whatever is announced, it's pretty much unknown how the markets will react. and fred sher, jerome powell, he's going to be front and center to morrow guarantee. and all eyes will be on the fat to morrow. but james sweeney. it's been a pleasure. thank you very much. thank you. now to some of the other global business stories making news, staying with banks, switzerland has ordered credit suisse to suspend paying bonuses,

awarded before last year. unions had demanded a stop to the payments after the trouble bank was taken over by rival u. b. s. and a deal involving billions of dollars of public money. but the government says some bonuses will still be allowed. the european court of justice has expanded the rights to compensation for owners of diesel car's equipped with illegal emissions, cheating devices. so far they could own only sou if carmakers intentionally deceive them. now in a case against mercedes benz, the court says, negligence is all that's required. that opens the door to wait fresh wave of diesel gate compensation claims. german comic hotspot may receive $1300000000.00 from the state of south carolina where it plans to build a manufacturing facility for electric vehicles. the subsidies are part of the us inflation reduction act supports green investment. the u has been critical of the washington initiative. now to

a new norwegian court decision that's making waves abroad, the country's top court has rejected the case brought by a latvian fishing company. it ruled that only norwegian fishermen are allowed to catch slow crabs off a group of islands in the arctic sea. but it doesn't just stop at crustaceans. the ruling has changed the game for natural resource extraction and the region. in the depths of these arctic waters of snow, crab scramble across the sea bed. they are considered a delicacy in asia and can fetch fishermen a good price. but norway supreme court has ruled that unless you're a norwegian vessel, you're not allowed to catch them off the country's fall bard archipelago. the decision has implications way beyond the shellfish at the center of the case. it's a principal decision. it means that. ready so all sort of. ready resources that this, this interpretation. ready will, will, or will affect the fisheries,

will affect the oil and gas and all, all other resources. so not just the snow crap is the principal decision amounting to or social resources. ready actually that exists or are or are, are in the water. so jason, to, to small. but judges agreed that norway can ban foreign vessels from fishing. a central treaty of firms where we can sovereignty over the archipelago, but grants other nations a right to extract natural resources. crabs and also oil gas and minerals. only russia now does. it operates a coal mining community there, but the tree doesn't define boundaries. russia has long taken it to mean the whole continental shelf. thanks to the snow crap case. norway has taken a much more restrictive view. an estimated 20000000 items of clothing from western countries arrive in ghana every week. almost half is discarded, filling up landfills and littering beaches. some fashion designers and artists are

tackling the issue, turning to up cycling, not simply recycling, but adding new value to the items. that means more jobs and less environmental damage. these fashions from the canadian capital, a young oven on the above all mega hit. you can look good and take responsibility. so that's the message from across young design is like in the shop awful. and the idea behind the non profit label of the revival. yeah. iraq papa and may not does the voice, and we all know what you're including on by credible most of them and, and they have a very negative impact on the environment when is spain, des pulled? so we are trying to deconstruct the idea off what waste to really means when it goes to textile, when it comes to fashion. at this studio in a crop,

the 2 men mix different materials and pre left governments to create something, need used clothes that arrived and gone up by the ton from the u. s. europe and asia are a source of inspiration. and this is where the men from the revival source they materials come from until the biggest market for 2nd hand clothing in ghana and across west africa. i'm glad you're more than 15000000 items change hands each week though due to their poor quality. roughly half of them end up in the trash. i is not all that good. hey, so you open, it's an o d u garak. that's given rise to flourishing up cycling business income tomato, where many textile mitch in still try to find take his with another quantity, weighs some local initiatives, add a dash of color to faded fabrics to attempt to potential bias government. the

mountains of 2nd hand textiles. keep growing in gonna what starts as fast fashion soon winds up here, often strewn on the beaches and in the sea. to date in gonna, it's been mainly activists or artists like miko. gov. you've given much thought to how to use the clothing waste that's already in the country. i thought is a beauty surround dot and people are buying. so i took it upon myself to also buy them to create my pieces natalie for, for their beauty. almost all reaching our wellness for day and barrow maint because he thought 12 day m martinez that you find a b in a beachy sauce waste and mitchell, god got this 2 sheep clothes can even be transformed into art.

it's one of the creative ways of dealing with the waste from 4th fashion imports remind of our top business story. us treasury secretary, janet jaelyn says the banking system is stabilizing in the wake of the collapse of 2 banks, saying authorities were ready to take further action if needed a job to date with the d w business. thank you very much for watching. ah, just how normal can life b in a state of emergency? the war in ukraine is a warrant on people's lives. and i'm the president threat. the people in this film tell us what this means for every day life and for the future. mm. living

with war kluso. next on d, w. the 77 percent south africa's shadow market is booming. many businesses operate underground, leaving the state empty handed. what are the consequences and the causes you are in a corner miss our new research app? we are missing an aftermath of the, you know, old the i mccormick. activities that happened during cold waves. the 77 percent been 60 minutes long d w. the baby. oh oh. guardians of truths? ah, i have paid almost every price of being a journalist. they country like turkey taking all the powers that be they risk

everything, john dunbar, meets activists, journalists, and politicians living in exile. they will em to which they live for their mission. what drives them? people need to know what is happening there. are series guardians of truth watch now on youtube, d. w documentary. mm hm. the war has brought darkness to ukraine. rush as attack on the whole country has continued for more than a year. now. i've been.