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york or you look great, but try new york. and i say, hey, i'm here in germany. i did my schooling here and i want to be successful here in customer mental. my knees were such blatant moment, was realizing that there were limits to my career for me and my future because of my appearance. i mostly that is our video sees this as racist. exclusion and he's not the only one german society may be diverse, but anyone with a different skin color or who wears a headscarf is likely to experience racism sooner or later. that goes for berlin and the whole country. one researcher says that 90 percent of the respondents see racism in germany has a problem. those who belong to a minority are usually speaking from experience. it's i, the number speak for themselves. racism is not a marginal phenomenon, but one that affects society as a whole. schools, the police, labor and housing are some of the primary areas affected by racism. but help is available. there are dozens of resource centers in berlin alone that are publicly funded. reach out,
york or you look great, but try new york. and i say, hey, i'm here in germany. i did my schooling here and i want to be successful here in customer mental. my knees were such blatant moment, was realizing that there were limits to my career for me and my future because of my appearance. i mostly that is our video sees this as racist. exclusion and he's not the only one german society may be diverse, but anyone with a different skin color or who wears a headscarf is likely to experience racism...
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this comes off to run a report and the new york times indicated that the pro ukrainian group carried out the attack watching data. but the news christy plugged in is up next with business news with the u. s. a federal chief morning of more interest right talks on the hub laws that figure that website is there a w dot com. you can also check out social media channels. the handle you need day is at d, w. i'm at the house in berlin. thanks for watching and stay with . i'm getting ahead. documentary series, thunder valley. it's africa. meet the founders, empowering their continent through digital innovation, transforming work, health and living conditions in their country. and finally, the world with their ideas. founders valley africa watch now on does in tree. mm hm. what are sports? all with scoring? we say they were about giving up sports like every weekend on d, w. ah, the fat warns of rate hikes ahead. u. s. central bank chief j. powell tells congress a lot more needs to be done to get inflation under control. also coming up sri lanka, we had an urgently needed bail out from the in
this comes off to run a report and the new york times indicated that the pro ukrainian group carried out the attack watching data. but the news christy plugged in is up next with business news with the u. s. a federal chief morning of more interest right talks on the hub laws that figure that website is there a w dot com. you can also check out social media channels. the handle you need day is at d, w. i'm at the house in berlin. thanks for watching and stay with . i'm getting ahead....
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but 1st, james sweeney is in new york. james, how did 1st republic get into this mess? well, i could say that there were being foolish, but that's a little too broad of an answer. truth is similar to the now defunct silicon valley bank, which you mentioned 1st republic, bank deposits, mostly uninsured, about 2 thirds of them making matters even worse according to s and p. global 1st republic also had a 111 percent loan to the posit ratio at the end of last year. that means that loaned out more money that than it has and deposits that's, that's more like i can pretty much do math. that makes no sense. that's something the 14th largest bank, the u. s. should be doing what they did and won't silicon valley bank went under the red flags were everywhere for the spank, as well. and even more interesting, several of 1st republics, top ranking executives selling $12000000.00 in the stock in the 2 months leading up to this crisis. this is publicly disclosed information and that quite frankly, is our 1st republic got into the smith down about 88 percent this month. so far. yes or
but 1st, james sweeney is in new york. james, how did 1st republic get into this mess? well, i could say that there were being foolish, but that's a little too broad of an answer. truth is similar to the now defunct silicon valley bank, which you mentioned 1st republic, bank deposits, mostly uninsured, about 2 thirds of them making matters even worse according to s and p. global 1st republic also had a 111 percent loan to the posit ratio at the end of last year. that means that loaned out more...
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alright, teddy austria, new york, thank you. and finally, in new ministers have agreed to a plan to ban the sale of new fossil fuel cars by 2035. after making a lake concession to germany, the tweaked plan allows for the sale of certain combustion engines past 2035, provided they run a more environmentally friendly synthetic fuels, rather than diesel or gas. a critic say the caviar could encourage emissions cheating and then it dampens the incentive for drivers to switch over to electric vehicles. the ban on fossil fuel cars is central to the used goal of reaching climate neutrality by 2050. all right, that's our show. you find out more about these and other stories online, d, w dot com slash business. we're also on youtube under the dw news channel. i'm seniors in berlin likes watching the drug, my fiance's running rampant on them. and the residence of the ream region won't put up with it any more. 10000 hector's of peruvian virgin forest have been cleared to illegally grow cocoa. the deforestation is rising, while the governme
alright, teddy austria, new york, thank you. and finally, in new ministers have agreed to a plan to ban the sale of new fossil fuel cars by 2035. after making a lake concession to germany, the tweaked plan allows for the sale of certain combustion engines past 2035, provided they run a more environmentally friendly synthetic fuels, rather than diesel or gas. a critic say the caviar could encourage emissions cheating and then it dampens the incentive for drivers to switch over to electric...
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that was the quarter in new york. now to some of the other global business stories making this the netherlands as currying exports of ultraviolet lithography equipment, which is used to make advance semiconductor shipment chips to china. following pressure from the u. s. dutch company a s m l is the only maker of these machines. it's feared they could be used to produce chips for chinese military equipment or weapons of mass destruction. u. s. crypto ending bank, silver gate is shutting operations. it was one of the major banks for crypto exchanges, like the now defunct f t x. silver gate says all deposits will be fully repaid as the company winds down, the bank has been struggling for months. it reported a nearly $1000000000.00 net loss in the 4th quarter. unusually high demand for the u. s. dollar is causing panic. in bolivia, it's the country 2nd currency after the bolivian o and an indispensable part of everyday life. but dollar reserves in the country have been dwindling for years, and many bolivians fear the los
that was the quarter in new york. now to some of the other global business stories making this the netherlands as currying exports of ultraviolet lithography equipment, which is used to make advance semiconductor shipment chips to china. following pressure from the u. s. dutch company a s m l is the only maker of these machines. it's feared they could be used to produce chips for chinese military equipment or weapons of mass destruction. u. s. crypto ending bank, silver gate is shutting...
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c, o, b, the accounting board, etc, for them to be to stay in in the new york stock change in nasdaq. right. that's when my professor at in why you school of law. thank you very much. thank you. staying with china for a decade. the country is ambitious belts and road initiative has been a prominent lever of its trade in foreign policies by funding major infrastructure projects around the world. the gene can help its own companies on the one hand and improve relations with countries far and wide on the other, or turns out the costs have been steeper than expected. a new study now shows that many of china's loans have fared badly, putting not just borrowers endanger, but also chinese banks. another country is opening its doors to china. this time it's on doris, which could join china's multi $1000000000.00 infrastructure program, the belgian road initiative. but there's more to the mega project than a quick path to investment. many delta road participants have been struggling to pay back billions and loans force invasion to fill out debtors to save its own banking system, which lengthen
c, o, b, the accounting board, etc, for them to be to stay in in the new york stock change in nasdaq. right. that's when my professor at in why you school of law. thank you very much. thank you. staying with china for a decade. the country is ambitious belts and road initiative has been a prominent lever of its trade in foreign policies by funding major infrastructure projects around the world. the gene can help its own companies on the one hand and improve relations with countries far and wide...
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but thank you teddy, for that from new york. now to smother global business stories making news, an expert panel expects germany to avoid recession this year. the government's council of economic experts as the economy will grow 2 tenths of sent this year due to a more stable energy supply efforts to replace russian energy exports have gone better than expected. official data showed a u. k. inflation unexpectedly jumped to 10.4 percent in february. the rise was driven by higher food prices. high energy costs were also a major factor in ports reached a record, a 132000000000 euros work last year. more than double the amount in 2021. it's in bob way has launched a new 300 megawatt coal fired power plant to help ease power outages, blackouts, lasting as long as 19 hours of crippled businesses and households in recent months . the new power plant is largely funded by a chinese state run company. the international monetary fund has agreed to a $15600000000.00 funding deal for ukraine aimed at showing up its economy, which the invasio
but thank you teddy, for that from new york. now to smother global business stories making news, an expert panel expects germany to avoid recession this year. the government's council of economic experts as the economy will grow 2 tenths of sent this year due to a more stable energy supply efforts to replace russian energy exports have gone better than expected. official data showed a u. k. inflation unexpectedly jumped to 10.4 percent in february. the rise was driven by higher food prices....
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this comes off to run a report in the new york times indicated a pro ukrainian group carried out the attack. this is dw news. christy addison is up next with business news with the u. s. fed chief warning of more interest rate hikes on the horizon. don't forget our website is there any time it j . w dot com? you can also check out our social media channels. for instance, twitter. the handley nate is at the w news. i'm anthony howard in berlin for me and the team here. thanks for watching and stay with me here. and what's behind van d. w. news africa. the show that faculty issues in the continent life is slowly getting back to normally on the streets to give you enough reports on the inside of our cars. funds is on the ground reporting from across the continent and all the trend stuff. the mazda u. t. double who's africa every friday on d. w? a sex phone operator who wrote her master's thesis on put potato railing to read a turn on. well, it gets more with it. there was from there, you don't you literature list? good german, 3. 0, the fed warns of rate hikes ahead. u. s. central bank
this comes off to run a report in the new york times indicated a pro ukrainian group carried out the attack. this is dw news. christy addison is up next with business news with the u. s. fed chief warning of more interest rate hikes on the horizon. don't forget our website is there any time it j . w dot com? you can also check out our social media channels. for instance, twitter. the handley nate is at the w news. i'm anthony howard in berlin for me and the team here. thanks for watching and...
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let's go to teddy austro in new york. teddy, do we know how far along disney was with its metaphors program in the 1st place, and then what is leading it to cut it? well, we don't know that much about the program because we really haven't seen that much since that basically hopped on the bandwagon in 2021. after facebook changed the name to meta and projected that the meta versus digital universe would be the future of the internet. right, and it was considered a good opportunity for disney because of it's vast, vast content, but now we're seeing, they don't consider it where the investment, it's being wrapped up in a larger sort of restructuring. the company cutting 7000 jobs trying to reduce spending boost cash flow. and this is because the company saw some economic headwinds last year. that includes some stiff competition in it's streaming services, but also other hits across the company, such as at the box office. can we say whether for companies like disney, the timing is just bad for investments in the better vers right now? or if there's some question about the fundamental mainstream
let's go to teddy austro in new york. teddy, do we know how far along disney was with its metaphors program in the 1st place, and then what is leading it to cut it? well, we don't know that much about the program because we really haven't seen that much since that basically hopped on the bandwagon in 2021. after facebook changed the name to meta and projected that the meta versus digital universe would be the future of the internet. right, and it was considered a good opportunity for disney...
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i was teddy austria in new york. thanks so much on now to some of the other global business stories making us volkswagen is facing criticism from human rights activists and its work council. after the head of its china business said he saw no signs of forced labor when he toward a plant engine. jang, earlier this month, the un meanwhile, has documented forced labor ended detention camps across the region. germany's leading airline has unveiled its new 1st class suite beginning next year. lufthansa passengers will enjoy large video screens and wide seats that can be turned into flat beds. as part of the 2 and a half 1000000000 euro investment, the carrier is also revamping its business and economy. glass cabins well surging energy prices over the last year are pushing more countries to get serious about shifting to renewables. but with constant power cuts and the economy and shambles for a country like pakistan, the green transition is easier said than done with crumbling infrastructure decades old power lines, massiv
i was teddy austria in new york. thanks so much on now to some of the other global business stories making us volkswagen is facing criticism from human rights activists and its work council. after the head of its china business said he saw no signs of forced labor when he toward a plant engine. jang, earlier this month, the un meanwhile, has documented forced labor ended detention camps across the region. germany's leading airline has unveiled its new 1st class suite beginning next year....
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for more we have young court with us from new york. now young, the wall street journal has said that this is the 2nd biggest bank failure in u. s. history. how significant is this collapse? clearly, it is very significant and banks di overnight. so the saying goes, i mean this time around, regulators didn't even wait for, it's been high, but they control during office hours, so to speak. it is definitely especially the speed of the call up so quite breathtaking. the stock already got to hold it to before and do a lot of other financial institutions and also stock scott, under and heavy selling a pressure here on the last the trading session of the week. sounds like an exciting day at the office for those people. i mean, this is the 2nd us bank failure this week after silver gate. is this purely a coincidence or is this sign of a sign of something greater happening in the space? i don't think that it's a coincidence. there is a lot of pressure building up and if you see what happened, specially with the silicon valley bank, one of the p
for more we have young court with us from new york. now young, the wall street journal has said that this is the 2nd biggest bank failure in u. s. history. how significant is this collapse? clearly, it is very significant and banks di overnight. so the saying goes, i mean this time around, regulators didn't even wait for, it's been high, but they control during office hours, so to speak. it is definitely especially the speed of the call up so quite breathtaking. the stock already got to hold it...
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well for more we have young quarter in new york to answer some questions for us. yann's the fed had backed off of its policy of aggressive rate hikes in recent months. now, not only are we hearing about more hikes, but again, more aggressive ones, why the change? well, i mean, christy is simply put the latest economic numbers that we've gotten be from the labor market also be it from the in place and side were too hot for the taste of the federal reserve. but then again, the market reaction is a bit puzzling because the j paula at the press conference after the last set meeting early february said himself, rates will be higher for longer. so that's what we're probably going to get the better that at the next, at the meeting in about 2 weeks, we will see an interest rate increase not just by $25.00, but by 50 basis points has pretty much doubled from a 30 percent to 60 percent we did see a treasury, for example, reaching the highest level so the yields as in the 2007 and also the dollar increase quite a bit in comparison to the euro by 1.3 percent here on the wednesday session of the tuesda
well for more we have young quarter in new york to answer some questions for us. yann's the fed had backed off of its policy of aggressive rate hikes in recent months. now, not only are we hearing about more hikes, but again, more aggressive ones, why the change? well, i mean, christy is simply put the latest economic numbers that we've gotten be from the labor market also be it from the in place and side were too hot for the taste of the federal reserve. but then again, the market reaction is...
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we go now to youngs courts are in new york. now young. this peg out we were just hearing about it obviously has a lot to do with the types of careers and positions that women have. you're out there on the trading floor every day at the new york stock exchange. what's the gender breakdown like there? well, i mean, the wall street and the financial industry is obviously a big field when it just comes to training. and i have to say, this is still immense. well, i mean, i've worked here for a good to 20 years and you can count the number of women working on the floor. pretty much on the one hand i'm having that said so the financial industry is broader and other areas. you see more women, but overall, if you compare certain industries, the financial industry is definitely one of those where women are highly under represented. ok. well, that's concerning, of course, i mean is anything being done to improve that? well, i mean, at least there is some awareness for some years. i mean, i've talked to women in the industry for quite some time, but
we go now to youngs courts are in new york. now young. this peg out we were just hearing about it obviously has a lot to do with the types of careers and positions that women have. you're out there on the trading floor every day at the new york stock exchange. what's the gender breakdown like there? well, i mean, the wall street and the financial industry is obviously a big field when it just comes to training. and i have to say, this is still immense. well, i mean, i've worked here for a good...
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york wall street. thank you much wellbeing fuel those fears were midsize lenders, is the concern that like silicon valley bank, others may be sitting on undervalued assets due to recent interest rate hikes. now, when interest waits, rates were low, banks deposited funds in to long term bonds. seem like the smart thing to do at the time, but interest rates have climb dramatically over the past year. and those bonds are now significantly undervalued. well, that's not necessarily a problem. if the bank and cit, the problem out and wait until those bonds are to be repaid. but if the bank is forced to sell bonds early, as the case of silicon valley bank, it's gonna take a loss, accompanies with deposits and week in week banks could get nervous or began withdrawing money to be sure that they'll have enough to cover costs. and that actually makes the problem worse. the banks need money to cover these withdrawals, so they keep selling bonds and their losses in turn mount spooking, even more depositors are at r
york wall street. thank you much wellbeing fuel those fears were midsize lenders, is the concern that like silicon valley bank, others may be sitting on undervalued assets due to recent interest rate hikes. now, when interest waits, rates were low, banks deposited funds in to long term bonds. seem like the smart thing to do at the time, but interest rates have climb dramatically over the past year. and those bonds are now significantly undervalued. well, that's not necessarily a problem. if the...
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and teddy austro is in new york with more on this forest teddy. how does ford explain this massive loss? well, you write, daniel, this is a massive loss in the v department of the company, bigger than the last 2 years of losses combined. certainly sent the stock down about 2 percent. that ford is trying to make the case that this is the cost of doing business. after all, ford is one of several automakers that are vying for a top spot in the green energy transition. they would like to be selling only 0 emissions cars by 2040. now they're doing this through investment investment, big $50000000000.00 through the end of 2026. now this is in developing new models. this is and building factories that actually build these cars as well as the electric batteries that fuel them. now it's important to know that ford actually isn't losing money. this is the, this has to do with their e v department. they are expecting to do better than last year just among their combustion engine vehicles. so they're doing fine overall. but what sports plan to start turning a
and teddy austro is in new york with more on this forest teddy. how does ford explain this massive loss? well, you write, daniel, this is a massive loss in the v department of the company, bigger than the last 2 years of losses combined. certainly sent the stock down about 2 percent. that ford is trying to make the case that this is the cost of doing business. after all, ford is one of several automakers that are vying for a top spot in the green energy transition. they would like to be selling...
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york based signature bank. the u. s. insists a repeat of 2008 is not in the cards. president joe biden sought to assure depositors saying they had nothing to worry about today. thanks to the quick actually my ministration. over the past few days, mergers can have confidence that the banking system is safe. your deposit will be there when you need them. small businesses across the country, the deposit accounts at these banks can breed easier knowing they'll be able to pay their workers and pay their bills or not eons, quarter on wall street. yes, we heard the words of by there were investors reassured, even it was definitely no coincidence that biden gave those remarks before the market to open the new week. their remarks definitely didn't hurt, but i would say it was more the action that we've seen from the f b i see from the federal reserve, possibly also from the government to a guarantee all the deposit, especially also the uninsured one. so that's help and everybody had tried to talk down get some financial
york based signature bank. the u. s. insists a repeat of 2008 is not in the cards. president joe biden sought to assure depositors saying they had nothing to worry about today. thanks to the quick actually my ministration. over the past few days, mergers can have confidence that the banking system is safe. your deposit will be there when you need them. small businesses across the country, the deposit accounts at these banks can breed easier knowing they'll be able to pay their workers and pay...
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good mom and my here in new york, germany and out of armies. darcy, whitening center, bazooka, and installation that i will be visiting this afternoon with bridge building vehicle claims tracy. good. a lunch dentist like mid journey is the only country in the well, a combined way, the wet britain as far as the lender joint military unit in this manner which proves the depth of our partnership. lazy gentlemen, i could hardly begin to express the pride i feel in the strength of the partnership between our 2 countries. germany have people and distinctive culture have made such a profound impact on me over so many years. so many of my previous visits. since i 1st came to germany, when i was just 13 years old, i have grown to become familiar with the different corners of this remarkable level . like many british people, i have close personal ties here in my case, cherished family relationships and associations that go back generations for all of us. however, there are concrete points of connection and common experience in the british german store, which has unfolded over nearly 2 millennia thread, t
good mom and my here in new york, germany and out of armies. darcy, whitening center, bazooka, and installation that i will be visiting this afternoon with bridge building vehicle claims tracy. good. a lunch dentist like mid journey is the only country in the well, a combined way, the wet britain as far as the lender joint military unit in this manner which proves the depth of our partnership. lazy gentlemen, i could hardly begin to express the pride i feel in the strength of the partnership...
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and congress, all right, that the court in new york. thank you. in shifting gears more than a year into russia's invasion of ukraine signs are growing. moscow is struggling under the weight of ballooning military spending. it's now classified or left unlisted, a 3rd of its spending, while the public might not know the specifics. one thing is clear. war expenditures are crowding out much of the country's budget. russia's defense minister inspects his supply lines. but munitions like these are running in short supply, and my new weapons is an expensive business. and when russia is hoping to keep out of the public eye, according to russian finance, ministry, data, unlisted or classified spending has doubled since last year, indicating around a 3rd of the budget is likely connected to the war effort. $31000000000.00 in total, dwarfing all other publicly listed government expenses. each of those stood western sanctions also continued to bite according to russia's president. only briefly 50, let me give you legitimate restrictions imposed on the russian
and congress, all right, that the court in new york. thank you. in shifting gears more than a year into russia's invasion of ukraine signs are growing. moscow is struggling under the weight of ballooning military spending. it's now classified or left unlisted, a 3rd of its spending, while the public might not know the specifics. one thing is clear. war expenditures are crowding out much of the country's budget. russia's defense minister inspects his supply lines. but munitions like these are...
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york, yann's china, obviously an important supply chain for the globe. how significant is this apparent turnaround? they're not sure, i mean a china is so the 2nd biggest economy on the planet, and it's not just important for the supply chains, but also as a market dom in itself for so it is clearly a good news so, so that the 2nd biggest economy on the planet is so coming back by the way, we had a manufacturing dad are also here from the united states, and there we saw a contraction for 4th, a consecutive a month or so. it was beside sim, all the trade tensions and everything. this is some well come use even if the stock market here in the u. s. did not really react in such a big fashion. there was only a minimal uptake go when it comes to the a doll, jones industrial average, a blue chip set last a good 4 percent in february. so at least the beginning of all the new ones was slightly positive. now yes, i'd like to ask you about a different domestic story in the u. s. the pharmaceutical giant there, eli lilly has said it will cut the price of insulin pr
york, yann's china, obviously an important supply chain for the globe. how significant is this apparent turnaround? they're not sure, i mean a china is so the 2nd biggest economy on the planet, and it's not just important for the supply chains, but also as a market dom in itself for so it is clearly a good news so, so that the 2nd biggest economy on the planet is so coming back by the way, we had a manufacturing dad are also here from the united states, and there we saw a contraction for 4th, a...
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that was yonce carter, new york. thank you. well, german chancellor, all i've shot is in washington d. c for a meeting with president joe biden. the war in ukraine top, the leaders agenda. but schultz also wants a word about the inflation reduction act, which creates massive financial incentives for green business. in the u. s. europe fears it will lower investment away from its own borders. and this fear is not without reason. european firms say that they'll go where conditions are best at the company booklet. they're particularly proud of this machine, the laminator, which presses photovoltaic systems from various individual parts and dust, so particularly quickly, they can produce up to a $116.00 panels, an hour buckler cells. these machines mostly to asia but to the rest of europe to these and largest patel. this is, this plant in particular will stay in europe, but of course, future plans will increasingly go to the usa afterwards. partly or even completely due to the program figures for homes. that's because the new $1000
that was yonce carter, new york. thank you. well, german chancellor, all i've shot is in washington d. c for a meeting with president joe biden. the war in ukraine top, the leaders agenda. but schultz also wants a word about the inflation reduction act, which creates massive financial incentives for green business. in the u. s. europe fears it will lower investment away from its own borders. and this fear is not without reason. european firms say that they'll go where conditions are best at the...
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call to joins me from new york. hi jens. yes. how worrying is what's going on with 1st republic? yeah, maria, desperate time stephan at lee call for desperate to measure says so when we got to word that obviously i'm almost a dozen of from usaa banks are jumping him to an end to get a deposit to 1st republic him that did definitely cause so quite it would change, sure, but then again, i mean to think about it as sort of competitors helping another bank to stay afloat . that is of what i would call a desperate measure. i mean, the stock did turn around into is saw some decent gains in the so stay station. but now in after our trading, the stock is actually down again a buy at 20 percent of the management and hinted that it's not going to pay any a dividend. so those are definitely pretty uh why hooks. i'm said we're seeing right now in the financial system while times and janet yelling yellen trying to reassure markets earlier to day didn't work. well, i'm not sure if it's necessarily a, the head of the treasury that com market said down what definitely helped earlier this week is
call to joins me from new york. hi jens. yes. how worrying is what's going on with 1st republic? yeah, maria, desperate time stephan at lee call for desperate to measure says so when we got to word that obviously i'm almost a dozen of from usaa banks are jumping him to an end to get a deposit to 1st republic him that did definitely cause so quite it would change, sure, but then again, i mean to think about it as sort of competitors helping another bank to stay afloat . that is of what i would...
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site of a new capital twice the size of new york city to replace the overcrowded and rapidly thinking capital of jakarta. the $32000000000.00 project in the jungle is being touted as a sustainable forest city. animal rights activists say it shrinks the habitat of endangered species such as iran good hands. it was president joe biden has announced his federal budget plan, including a 25 percent minimum tax on billionaires. he aims to strengthen asians deficit by nearly 3 trillion dollars by raising taxes on those earning more than $400000.00 a year and nearly doubling a capital gains tax of 20 per cent silicon valley bank says at last $1800000000.00 in sales of securities in an effort to raise funds with interest rates rising as the he saw heavy withdrawals and needed more liquidity, as may be worked with over half of us tech and health care start ups. a chairs dropped a 60 percent on the news, taking other u. s. banks down as well. now i'm talking to you on a friday. if the 4 day work week were in place and i should be well into my weekend already. now that's not quite my reality, but
site of a new capital twice the size of new york city to replace the overcrowded and rapidly thinking capital of jakarta. the $32000000000.00 project in the jungle is being touted as a sustainable forest city. animal rights activists say it shrinks the habitat of endangered species such as iran good hands. it was president joe biden has announced his federal budget plan, including a 25 percent minimum tax on billionaires. he aims to strengthen asians deficit by nearly 3 trillion dollars by...
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now earlier we spoke to winston mar, a professor at new york university and the former head of china, sovereign well fund we asked him, is ali baba doing this to ease local regulatory concerns? or is there a compelling business case for this kind of space? i guess you can see both, you know, on one hand, ali baba has being a huge, a conglomerate right after so many years of growth. so it's time for some break up to release some of the value out of the conglomerate. because as a very beginning, are to bubble with the chinese version of e bay, if you remember. and, and now it looks like the combination of e bay amazon, netflix, ober, and many other pieces into one company, right? so it from a business perspective, it also makes sense to break up the company's into different verticals. so that to car computing, people can develop independently from the as a business of e commerce, for example, as a decent time from a regulatory and comprised perspective. it is also easier, you know, for the different, smaller units to deal with compliance individually, instead of like a one huge company
now earlier we spoke to winston mar, a professor at new york university and the former head of china, sovereign well fund we asked him, is ali baba doing this to ease local regulatory concerns? or is there a compelling business case for this kind of space? i guess you can see both, you know, on one hand, ali baba has being a huge, a conglomerate right after so many years of growth. so it's time for some break up to release some of the value out of the conglomerate. because as a very beginning,...