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tv   Business - News  Deutsche Welle  March 24, 2023 10:15pm-10:31pm CET

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who waits bother l. lataya on the all time list and in tennis, elaina, rabbi keena, at the bottom of your screen has fought her way through to the 3rd round of the miami opened, she overcame on the list to kaya in 3 sets of. okay, una one, the indian wells cycling california last week if she repeats the feed in miami, she will achieve what is known as the sun, shine double. we could all use some sunshine bob white just got some sunshine that need to be business news after the break. i'll see you next time with sometimes a seed is all you need to allow the big ideas to grow. we're bringing environmental conservation to life with learning pass like global ideas. we will show you
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how climate change and environmental conservation is taking shape around the world and how we can all make a difference. knowledge grows through sharing, download it now for free and rearing to read. ah, everyone who loves books has to go insane with the d. w literature list. a 100 german mosque reads, ah ah deutscher bank shares take a di. it's the latest lender to catch the nervous eye of investors. so could it be the next credit suisse also coming up credit a crypto exchange? finance halted all trading on friday. the book may have been fixed,
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but the question is linger. and we're taking you to tier one and mexico the most violent cities in the world and dw investigation. suggesting extortion of businesses that is growing. this is dw business on robots in berlin. welcome to the program. whereas in the banking industry spread, the deutscher bank on friday, the company shares fell 14 percent at one point on 3rd day of losses. analysts have expressed surprise pointing to don't just recent restructuring efforts and relatively stable balance sheet last year, deutsche bank reported it's best profit for 15 years, more than double that of the previous year. a show system investors have no reason to be worked on system with the european banking system is robust and stable, that we have the necessary oversight structures. and thanks to the work over the years. and the effort of the banks themselves were in
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a robust and resilient position. and this is an incentive to make progress in the capital markets and the bank in union. what's more important, we plan to full heartedly make progress forward. i've also got some help getting a form to type a let's discuss the state of yours banking system with andrew kenning. i'm from capital economics. thanks a lot for joining. as andrew, all a sholtes insists that yours banking sector is stable is a right to say that yeah, i think it's absolutely reasonable that he should say that there are many reasons why the european banking system as a whole, looks much more stable than parts of the u. s. banking system. it's not the whole us banking system, but particularly these regional banks that you got in trouble. and also your other banks, including those in germany, are in much better condition than credit suisse, which has, for a long time, be known to be a lot of difficulty. so i think it's
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a perfectly fair thing to say. but of course, with banks problem is if everybody news is confidence, then it, you know, there can be problems even in what appeared to be fundamentally reasonably stable and healthy institutions. and it's that ultimately what's driving the problem that we're seeing here on friday. it's just a lack of confidence. i think if that's the case. yeah. because there have been problems else where investors are nervous and worried that there might be other problems that pop up within the banking system that on, you know, on known about now and nobody has full visibility of everything that's going on in the various banks. and so that's causing some anxiety. there are other potential risk coming along the lines as well as the real visible risk, such as the fact that interest rates are going out and the economy might go into a recession, in which case it will be more losses on the loans that the banks make. but at the
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moment that you know, that isn't a sort of live an actual issue at this point. that means we're going to see a change in the way that banks behave as a result of what we've been saying are we going to see them? less willing to lend, are we going to see another credit crunch? i mean, jerome power at the federal reserve seems to think the answer is yes. well, in the u. s, i think we certainly will. i mean, the, we regional banks, which are generally smaller, although some of them are very big in the u. s. they have been providing a lot of credit, relatively favorable terms. they're gonna scale back there activity. so that will have knock on effect on the whole of us system. there'll be some similar effects in europe. i think some more caution on the part of bangs. and so, you know, credit conditions of the ability to get loans at reasonable rates will become more difficult and that will probably contribute to some slowing in activity which is happening anyway because of the,
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the way that the european central bank has been raising interest rates. so yeah, there will be some effects and here in europe, with what we're seeing at the moment with a would appear investors almost testing out banks to find out which ones do have weakness. where does that go? is there a danger of there being some sort of self fulfilling prophecy here? and actually the behavior of the markets dragging a bank down. i mean, in theory that can happen because the said, if everybody loses confidence at once, the bank depends on the, on the fact that people believe that it's stable and they keep that data on the basis of those to call the, the bank, the component more money and lead to, to people who need need to bar up the basic basic model. and so it does require that confidence is maintained. it's difficult to think of cases they directly when people have low confidence without their being any underlying justifications for
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that at all. and so long as we discover that there are, there are hidden problems on the, on quite a big scale lurking within the banking system. then i think that fatty unlikely one of the factors that was the problem in the us is that the banks that were hit and it's all the few of credit switched to some extent. they have very large numbers of very big deposit. so with multiple millions of dollars or, or swiss francs in the banks, which they move very quickly, those are people whose deposit, that kind of quite flighty. that's not generally the case of most of your spend most of their deposit base. the ordinary deposit is who don't have huge amounts of money, right? you're not continually in financial markets and so on. so i think it's not particularly like the spread of the major benz. okay. well, and are coming in from cows, and i can always been really interesting hearing what you have to say. thank you very much. thank and staying with banking us. prosecutors are investigating swiss
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banking giant u. b. s. and credit suisse for allegedly helping russian oligarchy. evade sanctions to lenders a significant finds if the justice department finds evidence against them, you are so authorities began investigations before the beginning of the banking crisis or u. b. s. agreed to take over credits or staying in the war to finance the world's biggest crypto exchange binds, paused trading on friday due to a technical glitch. teddy australia has got more on this for us from wall street. teddy. what were wrong? that's right. by nance, the world's largest crypto currency exchange appears to have suffered a glitch. so finance halted all trading for 2 hours. that also includes deposits and withdrawals. now you may be thinking, well, there's
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a lot of phone key business in the crypt overs right. we see a lot of glitches, but finance is a really important institution in the crypt overs. it's huge and it's even larger after the collapse of f t x last year. that is the crypto currency exchange of the now disgrace sam bank meant fried, and that's not all right. it's somewhat rare for all trading to be halted like this . so it's certainly going to draw the attention of regulators that are already scrutinizing its financial wild west of sorts. that is the crypto world. the most stories in the crypto well is coming out as well. don't quan, the entrepreneur charges leveled against them? can you tell him? yes, he was recently arrested. this if we remember is the founder of terror labs. that's of tara u. s. d and luna. these are the digital tokens that we saw completely collapsed last year. vaporizing $40000000000.00 in investments affecting hundreds of
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thousands of investors. his home country, south korea charged him. and so he fled was actually unclear where he was for a while. they thought he was in serbia. well, he was just arrested in montenegro and he's being charged by the us with security fraud, wiring commodities fraud, among other charges, any else to the new york stock exchange wars with all the latest from the crypt over? thank you. now extortion is a growing problem facing mexico's private sector incidence increased 17 percent last year, adding to the already enduring threats of theft from cargoes data we investigation suggests that as a result, firms are boosting spending on vast security. we report from t one. the threats are becoming more aggressive in tijuana, cartels or targeting land and business owners. those who speak out hide their
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identity for their own protection. oh, mercurian. mm hm. they left me a wreath dedicated to my family and wished us a merry christmas mal good on another of my properties. they left a pigs head, though i didn't dare to file a complaint because there are people who have connections with you, so it doesn't help you at all. if you report, it actually hurt you room because if something happens to them, they hold you responsible. they take revenge when they get arrested. susan shooting, an overwhelming 83 percent of businesses have little trust in the authorities. according to a survey conducted by the american chamber of commerce and mexico, 8 out of 10 say that criminal enterprises impact their performance. this was also noted by the organization citizens council for public safety, who's president reported a case of extortion in the baja california state. i you now got on file the bar to
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few people are willing to do anything about this crime you're it goes on reported 98 percent of the time of the worst thing is that it's like what i'm that escalate . it starts with a threat with damage to other people's property, and then people get hurt. i knew probiotic kinda, it will be meliss units of us, but its own us. the so called protection fee that organized crime extort from small and medium sized businesses, can range from $20.00 per week to $3000.00 per month. cartels off in demand payments to help new businesses get off the ground to this kind of extortion, increased 17 percent last year. it's the main crime suffered by the private sector in mexico. been several sellers, diaz's thought. let's look at the 10 states that attract the most foreign direct investment of all of these states account over 66 percent in both of the extortion complaints at the national level. and then the when must be among t, one is currently ranked as one of the 5 most violent cities in the world. official
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figures show that the private sector has spent nearly $4000000000.00 on preventative measures. one example is a growing problem of cargo theft. the robberies force large companies to hire security escorts to protect goods until they reach their destination. experts estimate that violence and mexico is costing it one 5th of its g d p. a figure that discourages for an investment muscle for me in the business team here in berlin from all had of its d, w dot com slash business. or you can also find us on the t to e news to next time. again, when making the headlights and what's behind van d. w. news, africa. the show that faculty issues have been the continent. life is slowly getting back to normally where on the street to give you enough. reports on the
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inside of our cars, funding is on the ground reporting from across the continent, all the trend stuff, the mazda to you next on d, w. m eco, india. how to clean and light a village all at once. and we were dr. stalking lowered, escobar dressed well. so this is epa fact as one mission in the i'm getting the village of kanji wrong doll, generates electricity from waste, with a bio gas plant. there is no better way to keep tom well now. do's landfills clean eco indian. in 60 minutes on t w. o. guardians of truth, ah, i have paid almost every price of being
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a journey in a country like turkey taking all the powers that be. they risk everything. john dunbar, meets activists, journalists, and politicians living in exile. they live to which are they live for their mission? what drives them? people need to know what is happening there were series guardians of truth watch now on youtube, d. w documentary business did of the news africa coming up on the program. the danger of water pollution, we visit a community in nigeria that is soon shall blaming them for spill in poison into its revenue and drinking water. also coming up back scenes can be a baby's fast line of the.

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