award us any rainy weather between now and the 6th of may. and then a small village west of london, royal fans of knitted woolen wrap because of king charles and his wife, queen camilla. and this, it guardsman are also standing at the ready for coronation day. as it you're up to date, i'll have more world views of the top of the hour. steven beardsley has your business updates in just a moment for the latest on the failure of another us back i suggest about i'll be back to the top behalf out of the day with guardians of truth. my name is john dinner and i have paid almost every price of being a journalist in a country like turkey taking all the powers that be they risk everything

john, don't dar, asks activists, journalists and politicians living in exile with too much on my shoulders. but i have to hold this weight because i'm responsible for the future of our country, for the people who are behind the past. they live for their mission. people need to know what is happening in our series guardians of truth watch now on youtube, d. w documentary ah, american regulators sees troubled lender 1st for public, for j. p. morgan snaps up the banks assets. it's just the latest chapter in a month long global banking crisis. on so on our show start ups have to show more to attract investors. we'll look at the scene in berlin. hello and welcome to our

show. i'm steven beardsley. in berlin. us regulator sees the beleaguered american lender 1st republic bank over the weekend. it's the 3rd us bank failure in less than 2 months. banking j. j. p. morgan has won a bid to take over 1st republics, assets a deal also finalized over the weekend. 84 1st, public branches in the u. s. were set to reopen as j. p. morgan chase branches on monday. the behind that banking crisis is the rapid rise in borrowing rates in the u. s. and elsewhere in recent months. that's also hit start ups hard. a young growth at all costs companies had become accustomed to bucket loads of investor money when rates were lower. now they're having to show a lot more to get the cash. ah, berlin is home to 3000 startups were employed, 70000 people. but after many years of an upward trend, now financing difficulties are looming. launch lot startups such as

cleaner tier and get i will regulate of many employees. associate on all of these things that had suddenly appeared the interest rate increases economic developments. ukraine crisis banking crisis. all of these have effect on the start up seen. that means that investors are hesitant about their investments to a certain extent and reluctant to provide follow up financing. that means that there is a market in waiting dies and mark, ah, around 10000000000 euros were invested in startups in germany last year. this is 43 percent less than the record high seen in 2021. efficiency and organic growth are now in demand instead of rapid expansion. chemo strongly promoting growth is still one of the important aspects of mr. gothic. but now it's also about building a really solid business model,

being able to handle the money and using the capital efficiently. oh, if it's and i was x and these are good times for so called gov tech. in other words, for startups that deliver new solutions for the public sector, and therefore having the state as a secure and stable customer port. italia, for example, automates operations for public administrations burnett's pinched out here. we are seeing a lot more interest now than before. itself is the start to from sessional, much death at all because people are looking more carefully and aspects like however she does. the business models aren't of how well the money is used up. melissa via you also have financially sound customers with this by me. of course, the administration is something different than moody consumers who can kindly change their minds. sengleman, they said my of my non, oh, do you want if the golden years are over now, there's still money and interest for startups. the difference is that now investors

are taking a much closer look at companies. the start up market may finally be facing reality officer. well, the reality is it's been a jolting past few years for workers, coven inflation, now worries, over a i, and things aren't going to get easier. that's according to the latest future of work report from the world economic forum. it says that technology and the move to green economies will destroy some jobs, will also creating many new jobs. i spoke earlier today to saudi the hedy. she's managing director of the dubby up. and i asked her to summarize her port as briefly as possible. it's obviously been a very disruptive period, but there is more destruction to come. that's essentially what we find with a quarter of jobs likely to go through some kind of a change about 12 percent likely to decline at about 10 percent that are likely to grow. all right, so a lot of disruption in this report. i want to talk about one of the 1st points that i saw on this report is this idea of divergence within labor markets based on skill

. now we know that there's always been a gap in incomes and, and, and outcomes for workers based on skill level, higher skilled workers in the earned better the lower skilled workers. should we be concerned that that gap is getting bigger and bigger with new technologies? and then in fact, it's becoming a gulf i think it's very clear that there is a hollow, hollowing out happening off the labor market based on skills levels in the last few years. it's really been about this concern around industrial robots. displacing those that work in factories, for example. now, to some extent there's been that displacement, but to some extent there's also been a lot of growth in terms of the advanced manufacturing workforce. a very similar pattern is now an emerging when it comes to artificial intelligence, where those that are at the lower end of the skills, around administrative and secretarial work. now risks being disrupted by a i especially generated a i. and at the same time, there's

a lot of growth in higher value ad roles. so we're seeing very similar inflection point now. and so there is some of that risk, but the net result is still positive when it comes to technology impacting jobs. you mentioned the this, this disruption that is this idea that jobs are going away. jobs are coming in due to factors such as technology, the green economy taking route. why is that we see a net positive and sort of a net negative when we look at, for example, automation. that's obviously something that's in the headlines we look at what's happened with generative a i, i imagine a lot of viewers have the feeling that they're going to be fewer jobs because they might be taken over, especially on the lower skill level. yes, so this is where on half of the companies that we surveyed actually expect technology to be a net job creator and about quarter expect technology to be in that job destroyer. so overall i think the outlook is positive rather than negative,

especially when it comes to overall numbers. and i think in part this is because of the possibilities of the application. so some of the largest gains in jobs are going to come, for example, from the agriculture sector, about 4000000 new jobs. some of the largest gains are in education, about 3000000 new jobs. when it comes to the green revolution, about $1000000.00 new jobs and each one of these rolls is going to be in part enabled by these technologies. so i think it's not quite as simple as technology taking away people's jobs. there's a lot of additional augmentation and growth across sectors that technology will also create that was such as the heating with the world economic forum. and you can find that full interview online on youtube, under our d. w. news channel. with you as, as kicking off its annual for day investment summit today, which this year seems more like a victory lap. after all, overseas firms are already rushing to get part of the more than $400000000000.00 in

climate related subsidies as part of the new american inflation reduction act. well, that act has europe worried? could the continent lose even more supply chains for renewables as companies rush, rush across the atlantic? well, that's what i recently asked professor michael berda at humble university in berlin . take a listen. it will be difficult because of the use hamstrung being a union of many jurisdictions with different tax authorities makes it very difficult to present a single tax break for investment in the european area. and each country for itself is not a solution. in addition, europe has this predilection for, for going for, for direct subsidies, giving money. but you have to apply for it. you have to go through a lot of bureaucracy and you have to learn how to do it takes a long time. and this is the european problem, i think when we look at the u and their response to the american

plan, inflation reduction act de point to the green deal, which is a plan of a much longer term. it says that they want to build up resilient supply chains, and they point to the u. s. and they say, this is big money, but is it going to be there for the long haul? do they not have a point there that there is a longer, more structural plan in the u compared to the u. s. u, u has one advantage of the u. s. doesn't have because there are several jurisdictions, there are many different ways to get to rome. so many different paths and, and establishing durable or resilient to value added chains really involves lots of different points of contact. and i think that could actually be a fact that we would act in europe's favor, but a general over overarching policy to establish a durable value added change. i don't see much in and i see competition among the states establishing more reliable alternative di risked sources of

inputs for a european industry. when we look in general at the way the trade environment globally is moving, we see of course, the inflation reduction act, which has a lot of protectionist measures in it, in terms of where people can produce, where firms can produce in order to get these subsidies. where there are other things that could chips act the u has it's carbon border tax that's going to come up for too long. um, are we seeing as we see these protectionist measures? what does that mean for prosperity in general? we look at the when we look at the world when we move away from globalized system trade. i think the crises of the past 10 years have pointed out that as a trading system, the world is a bit bit vulnerable. and i think the natural reaction, especially respect to the politics and the war and ukraine has been to, to withdraw to a sort of a regional approach. and i hate to use the word, but multi polar approach seems to be emerging where the united states in its

satellite trading countries in the u, which is a very large trading block. and then of course china and its trading partners. this is and development, which is not great for rural prosperity because it will certainly reduce the inter linkages between these trading blocks on average. and this will mean higher prices for us. it will mean less opportunities for, for asia, for example. and it may mean less lower standards of living unless economic growth over the medium term could we expect us to also force the you tube, in a sense, choose sides more to politically through trade has to make decisions and trade. they're going to affect you politically. this is a real problem because the united states has used the strong arm of the networks that controls in, in a, in a way that sometimes doesn't appeal to european policymakers. and europe is asked

to choose between a rock and a hard place because the alternative would be to go with china. and we've seen this, the recent statements of my call and other politicians criticizing china's statements on the baltic. states is a great evidence that europe has to sort of establish its own existence and, and probably do so very quickly for so michael burton university. thank you very much. thanks and his reminder of our top story u. s. regulators seized a beleaguered american lender 1st republic bank over the weekend. the 3rd american bank failure over the past 2 months, making giant j. p. morgan has won a bid for a full takeover of the company's assets. and that's our show as always for more about these and other business storage, you can find us online, t w dot com slash business. we're also on the dw news youtube channel and see if there's any length. thanks. watch.

ah, the destination the i seems of jupiter the journey. 6000000000 kilometers taking 8 years the mission to discover extra terrestrial life. the juice space pro is on its way through the infinite expense to morrow to day. next on d w. o. o. this is to float, did you do the fool? i came to china. fantastic. ah, she survived auschwitz,

thanks to music. he was the nazis favorite conductor. he is morally degenerate to musicians under the swastika, a documentary about the sounds of power, inspiring story about survival of the home and go get the tennis. i was the only one. what minded luc music in nazi germany. watch now on youtube. d. dr. essay life on other planets, maybe even somewhere in our own solar system. and if so, how do we get there? we have never had more space missions that we do right now. what are they all about? we'll give you an overview. welcome to tomorrow to day d, w science magazine or.