the pitch to show passion and conviction in order to represent the colors of german lo, i believe that if this passion can be shown on the pitch of and then it will be also felt by the fans. and that's what we wanted earliest. thank is often chance we roan on canada, swimmer man flake, a new national team director, rudy fuller, hope being closer to the supporters will boost flagging interest in the side. the new call ups are ready to do their debt and you're up to dice. daniel winter, he's up next in dw business that's after is with what are sports all about in winning fighting scoring. we say they're about never giving up the most exciting sport stories about people passion

and their dr. sports life every weekend on d w. o, what secrets lie behind these was discovered new adventures in 360 degrees and explore fascinating world heritage sites with d. w. world heritage is 360. get the out now. oh oh. all banks bouncing back, banking stops. rise as investors in the beleaguered 1st public up here, a should treasury sector janet 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 bars. and we'll visit gone away, young artists and a small label giving new 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, u. s. banks, and some high profile collapses, rattled the industry. the a beat assessment comes from us treasury secretary, janet yellen speaking at bankers association, meeting on tuesday, saying the steps taken to protect deposits, had shown us banking system as 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 has pretty much come into the rescue today. her comments alone led the way for more than 50 percent in today's search. today for 1st republic, a much needed bounce back for that company. and for those wondering what you said, well, you know, i'm pretty much pledged or support to the u. s. banks in a bid for ease the financial for the fears of financial contagion. you'll him toll members of the a, be 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 dow jones closing up nearly one percent 1st republic, soaring just under 30 percent, that a key core us bank or jumping more than 8 percent pack was of nearly 18 percent. that a big change from yesterday? well that's the fix is for right now, but they're also early suggestions on there are like new possible permanent safeguards for 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, ellen, is indicating that investigations of this crisis, the bank failures in particular. they're coming. and that apparently includes discussing the effectiveness of the current rules. 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. read 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 in the coming weeks or maybe months. all right, well let's look, i had to wednesday because it was like the fad is, but his biggest old brother most difficult decision that has had to make an 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 sir powell tomorrow at 2 pm eastern, which is when the fed will make a decision with them as a case to be made for an against a $25.00 basis points. hiker simple,

the fed lips rate that shows competence hurry, the fed can then say it's managed to contain competence so far and that it compress the 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. busy convinced that recent efforts to support these smaller banks or more than enough, i mean, the fed could also put hikes on pause this go around to, you know, do no harm. but some can also view no action as a reason to be concerned about the banks. 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 fed 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 use, staying with bank, 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 halts. wagner received $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, which supports green investment. the u has been critical of the washington initiative, which it says disadvantages,

europe as an investment destination. 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 so all sort of resources that this, this interpretation. ready will, will affect the fisheries, will affect the oil and gas and all, all other resources. so it's not just the. ready crowd is the principal decision amounting to or social resources actually that, that exists or are or are, are in the water situation to, to slow. 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 arriving gone every week. almost half is discarded,

filling up landfills and littering beaches. some fashion designers and artists not 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 dna in capsule, a young oven, and above all mega hit, you can look good and take responsibility. so that's the message from across young design is like elisha both full and video behind the nonprofit label of the revival euro papa. and quote, may not does the voice, and we all know what you're including on by credible most of them and, and they have a negative impact on the environment when it's been des. paula: so we are trying to deconstruct the idea off what waste really means when he

coastal textile, when it comes to flashing at this studio in a crop. the 2 men mix different materials and pre left governments to create something, need used clothes that arrive in, gonna buy the ton from the u. s. europe and asia are a source of inspiration. and this is where the men from the revival source, their materials can some until the biggest market for 2nd hand clothing in ghana and across west africa is more than 15000000 items change hands each week though due to their poor quality. roughly half of them end up in the trash i as not all that good. hey, so you open, it's an o d u garage that's given rise to flourishing up sighting business in come to monta, where many textile merchant still try to find, take his were there no fantasy ways?

some local initiatives, add a dash of color to faded fabrics to attempt to potential buyers. hello job. the mountains of 2nd hand textiles keep growing and 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 my co god, if given much thought to how to use the clothing waste that's already in the country. i thought is obese are owned or people are no buying. so i took a couple myself to also buy them to crate. my piece is natalie for, for the beauty, almost all reaching out when as for day and barrow maint because he thought solved a. m. martinez that you finding in

a beachy sauce waste and mitchell god got as to sheep. so you can even be transformed into art. it's one of the creative ways of dealing with the waste. from fast fashion impulse remind of our top business story. us treasury secretary, janet yellen 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 and show up to date with the d w business. thank you very much for watching. tracking is making a comeback in the us extracting boil and gas from deep layers of rock heaps, energy prices low worldwide, but releases harmful methane in the process. disastrous for the environment and the

climate, but good for the wallet. fracking opponents don't have an easy global 3000 next d w. climate neutral by 2045. germany's public transport system is going green. is it good bye to be old but sleep? no, they're converting to electric energy which present a technical challenge. is it worth it for the climate? absolutely. but what about for businesses made in germany? in 60 minutes on d. w. well oh, guardians of truth? ah, i had paid almost every price of being a jew in the country like to

a key taking all the powers that be. they risk everything. john dunbar, meets activists, journalists, and politicians living in exile. they were tortured. 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 ah ah, welcome to global 3000 cost or blessing in the us. the fucking industry is booming, to the dismay of environmental.