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tv   DW News  Deutsche Welle  March 19, 2023 2:00pm-2:16pm CET

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something good is coming very very so you will result low when the story in for my reliable news from my friends, wherever they may be. ah ah, ah, ah, this is dw news live from berlin vladimir putin visits or keep hide. mario paul image is released by the kremlin a p to show you the russian leda in the ukranian city, which russian forces captured in may. now this comes after an arrest warrant is issued against person for alleged war crimes committed in occupied you crying. also
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coming up a powerful earthquake shakes, solving ecuador, killing over a dozen people, injuring hundreds and destroying buildings. authorities rush to provide aid. the clank also heat northern per route and it's one of switzerland's, best known banks, bought a deal to fill credit suisse to rival the u. b. s. could be just down, was away. we'll find out what's behind the tank of a beat. ah, i'm jarrett rate welcome to the program. russian president vladimir putin has made what the kremlin is calling a spontaneous visit to occupy mary paul exiled authorities from the ukrainian city have condemned the trip, which came hours after another unannounced stop in crimea peninsula that russia
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illegally annexed in 2014. now that in turn came on the heels of an arrest warrant issued by the international criminal court on friday, accusing vladimir fusion of wolf crops. months with memorial during the unannounced trip build as a working visit by the kremlin. the russian leader travelled by car driving himself to several districts in mariel, pull, chatting with people outside and visiting them in newly built homes, of which he also received updates about reconstruction works in and around the heavily destroyed city. with little before returning to russia to meet with his top military commander, the port city of mario pole had been home to some 450000 people before the russian siege. much of the strategically important city now lays in ruins, including its drama theatre, which was hit by
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a russian air strike almost exactly one year ago, killing hundreds of people. many of them children who had been sheltering inside. it's also home to the as of style steel works, which became emblematic during the siege of mario pull, a last pocket of ukrainian resistance that culminated in the surrender of the ukrainian soldiers. this is the 1st time putin is believed to have set foot in the russian occupied ukrainian mainland since moscow's full scale invasion last year. it comes a day after we made an unexpected trip to crimea, to mark the 9th anniversary of the black sea peninsulas annexation from ukraine. a mo, most of the world has denounced as a legal insur, vast of all the largest city in crimea. vladimir putin visited an art school and a children's center. hours after the international criminal court issued an arrest warrant, accusing him of bearing personal responsibility for the abduction and unlawful
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deportation of thousands of children from occupied areas of ukraine to russia. on joy, not by me. collateral female call, he is the rector of mario poll university who fled the russian occupation and is now living in cave. welcome to d. w. thank you for your time today. i'd like to begin by asking you, what does it mean for you? a resident of ukrainian mario, paul, to see the russian leda visiting your city. actually, the 1st feeling i had it was sander, but after i remembered the famous theory of famous criminal islam, brazil that the criminal is always come back to the crime scene. and it's actually was the dream of put into a capture where it will pull and to create this land corridor gray mia. and
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actually he visited multiple by porpoise and they've done it during the night hours. did the dark hours of the day, not to capture in the cameras, the pictures of destroy city, because it's a huge, grimes seen the home a loophole with thousands of killed people by, by russians actually. what meaning or symbolism does mario poll have for those ukrainians? currently fighting russian forces it's a symbol of resistance, or it says symbol, ah, how ukraine in cc was developing. and what russians have done from dantes, because samiribelle was the most prominent. and the most sir highly developed, c t,
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a before the, this phase of full scale invasion from february 24th. and i, this shows what russians come down to maroon pool, what future and have, and what's the future capital of the territories they've captured. and they, they don't, i need actually to talk to think about people. they think only about the propaganda pictures because he visited these several, several buildings. they built for the propaganda for purposes of where they have several people within you flats. and they are showing that they are rebuilding this, the city they are, they want to develop it and they have the plans to open the airport and the other facilities, bada it's, they're doing these all the proper propaganda reasons. and, and they have for a huge budgets that they spent in rubel. and these are i,
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as the representatives of the ministry of defense of russia. they're earning money in rubel, at their destroying, destroying the buildings they destroy. actually, they are clean in the territory to destroy the, on the, on the what, what they've done tomorrow will actually end to destroy the proofs of their crimes . because after multiple will be liberated, google, see that the about $100000.00 people were killed. there is the huge is reggie tragedy or the more than iraq. and i actually daughter thought i had, i remembered that i don't have either also visited multiple in december of 19 for 24 to one. and actually it's the paro stories,
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because putin will have the same fate as adult hitler. also that was macola trophy, nicole director of mary paul university. now living in keith, thank you so much for your time today. thank you. ok, let's take a look now at some of the other stories making headlines to day in bangladesh, at least 19 people have been killed in a bus crash. the vehicle veered off a major freeway and plunged into a ditch near the capital decor. bangladesh has a port road safety record, a safety association says nearly 10000 people died in accidents last year. after reaching a tentative agreement, serbia and cost of our have failed to sign an e, you sponsor deal aimed at normalizing relation. this comes nearly 25 years after an incursion by serbian forces sparked and nato bombing campaign that into the conflict. serbia has long refused to recognize cost. vote 2008 declaration of
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independence. as in the last movies in brussels on a powerful earthquake, hit southern ecuador, and northern peru on saturday, killing at least 15 people, and leaving over 350 injured there were destroyed buildings crashed vehicles and debris seen in the streets of several cities. a child and a baby are reportedly among the dead. oh, this was the moment when an ordinary trip to the supermarket turned into panic for the residence of guy, a coil with people fleeing outside to safety. the earthquake, which had a magnitude of $6.00 boat dam buildings from the coast to the undoing highlands. most of the destroyed homes housed the poor, were old and didn't meet building standards in a country prone to earthquakes. in the small coastal town of ports of oliver residents mourn the loss of life and the material damage will go up like one. unfortunately,
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my neighbor's house fell and his family was crushed in the flooded house. he lost 5 family members forwarded. we are poor, humble people who build our houses with our sweat. we have it here. thanks to god. look at the misfortune has befallen us today. you enforceable over the quake also destroyed. a peer leading to the marine museum, which is now partially submerged. the earthquake was followed by several minor after shock, so the u. s. national weather service said there was no risk of soon armies. for now, emergency services are focusing on finding those who may still be trapped under rubble . and the long and arduous task of rebuilding affected communities. well, switzerland's biggest bang u. b. s is in talks to take over its embattled rival credit suisse. the negotiate negotiations come meet fee is an ongoing banking crisis, could de stabilize the global financial system. switzerland is preparing emergency measures to fast track the tank over u. b. s. is reportedly asking the state for $6000000000.00 to cover the cost of
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purchasing credit suisse, which was founded in $1856.00. the turmoil was unleashed by the collapse of 2 banks in the united states. well seasoned bids lay from dw business is here to break this all down for me. hi, steven. now, media report say u b. s is offered to buy credits with rapture $1000000000.00. what's the likelihood of a deal today, and would this help com markets tomorrow? it's hard to know what the likelihood of a deal is today without being inside the negotiations are very, very close to them. we know that the swiss government is likely to want a deal today. however, it's probably going to be putting pressure on regulators and on u. b. s. to make this deal happen. and that's because it doesn't want an uncertain situation to be there. as markets reopen again, and the preferred method to unwind is kind of situations is for a take over from another bank. otherwise the regulators would have to step in and take over the bank themselves. it creates a much more clear picture when that's the case,
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and that's what they want come monday. when markets are reopen, you know, in terms of what it means for markets, it's really hard to say because there is such a psychological aspect to what we've seen going on. credit suisse has better fundamentals than s v be than signature bank. i did make some of the mistakes at the same time. it has been a poorly performing bank for several years now. it's been a lot of legal trouble, things like that. so we knew that in some ways it had been scrutinized. more and more depositors were leaving for different reasons, and that's why it ended up being in the crosshairs here. so on the one hand, it's great that we see regulars with the government moving quickly here. they obviously have learned their lesson somewhat from 2008. on the other hand, we don't really know how this is going to go further. ok, steven u b. s. wants help from the swiss government for a possible take over. do you know what's being discussed here from what we understand from those who are close the negotiations, u. b s is offered $1000000000.00 for the take over would be an all share deal. and what it means is that basically shareholders would take a significant haircut here. $1000000000.00 means about $0.27 a share. the,
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the business closed area shares close at about a $1.70 on friday so you can see the kind of loss the shareholders would take. they want a 6000000000 dollars and guarantees because there are a lot of open questions around the business. i mentioned the legal troubles, the credit suisse has been in that there's a lot of money, potentially outstanding, their, their legal judgments against them, if their regulatory fines coming against them. and because the swiss government wants the steel to go forward because they have their foot on the gas pedal here, it's likely that u b. s will get a better deal than not. but there probably will also be pushback from credit suisse on the terms of the steel. so we don't know a whole lot. we just know that yes is pushing hard for deal. that's obviously very much in favor. stephen, how likely is a new financial crisis like 2009 a year that you mentioned earlier venting to our memories. something that no one can really say, but obviously when we look at the actions of regulators, look at the actions of a deposit here. we see a lot of fears that are built around 2008. we know that in 2008,
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the system really collapsed based on some products that were untenable. these kinds of assets that in the ends weren't really there. that was these mortgage backed securities where they couldn't actually be fulfilled at the end of the day. the more just couldn't be fulfilled. and they had an entire edifice entire structure of other loans and assets that were built off of them once that bond got kicked out an entire system collapsed there. we've seen that there isn't as much leverage on these assets today. and these assets, these assets are fundamentally good. they tend to be a treasury bills. they tend to be government debt. it's just that because interest rates have been raised so fast, their value has dipped somewhat. the ultimate question here is about depositors, though it's such a psychological aspect as i mentioned, you have to only fear that there's a bank run to want to go to a bank and take your money out. you don't have to believe that there's a fundamental problem with the bank. you just have to believe that others will believe that there is. so it's a self fulfilling prophecy and stopping that is going to be the real question here . and that's something that i think we're going to be developing the coming weeks.
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what's the best way to do that? stephen beasley from dw business, thanks so much for breaking that down for us. okay, before we go, he is a reminder now of our top story. russian president vladimir putin has made an unannounced trip to occupied mario pole. the kremlin, released these images of persian inspecting newly built apartment blocks in ukrainian city, which fell to russia at last night. you're up to date now. spokes life is up next. don't d w after a short break. dangling tooth with a has to floated you do the full.

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