to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. earlier, i spoke to oreana financial s chief global investment officer, isaac poole, who told me the turmoil will not end with the collapse of first republic. i think there is a real risk of that. this is probably not the end of bank failures. we are seeing these problems in the smaller, regional, medium sized banks, really exposed to higher interest rates. we are going to see another interest hike from the fed which might add extra pressure on depositors and so forth. as we look out, there is a real risk that initially what was a bank specific problem becomes a wider problem for the syste
he speaks in german translation: alhe universities collaborate more often with each other than any two countries in europe. other than any two countries in euro e. , , , ., other than any two countries in euroe. , ,, ., ,., , ., europe. this helps to explain why a berlin-based europe. this helps to explain why a berlin-based company has - europe. this helps to explain why a i berlin-based company has pioneered berlin based company has pioneered in london the use of lamp posts for electric vehicle charging points. while in berlin, you can book a ride in a fully electric london style taxi. internationally as well we are working closely together. we helped initiate the just energy transition partnership with south africa at the climate conference in glasgow. a further such partnership with indonesia was the result of much cooperation during germany s g7 presidency. mr president, ladies and gentlemen, this essential partnership between our two countries is built on the expertis
response to actions by the countries such as china. economic coercion, so things like imposing trade barriers on european exports to china, in response to these issues. that is the kind of area, and allows the eu to work together, rather than country by country. i guess the question is, will the eu, because it is still a political decision to take action in response to china, or other countries, and i think that remains to be seen. there are different interests here. for example, germany still has very strong trade and investment links with china. and has been lenient against the toughest stance. she said the eu against the toughest stance. she said the eu need to define its future relationship with china in areas like quantum computing, robotics, ai. where will that relationship go? i robotics, ai. where will that relationship go? robotics, ai. where will that relationship go? robotics, ai. where will that relationshi no? ~ , ., relationship go? i think there s an emhas
and driving hands free around the streets of london, we take a look at the driverless car that may be a gamechanger. let s now get down to business. let s start in the us, where it looks like interest rates will be headed higher and higher. speaking to a senate committee the chair of the federal reserve, jerome powell warned more action might be needed to stabilise prices and tame inflation. many analysts had been expecting another quarter percent rise when the fed meets later this month, but now some are predicting an ever bigger increase. investors didn t like the news, as you can see it sent us financial markets tumbling. the dow, nasdaq and s&p 500 all saw a sell off after powell s comments. our north america business correspondent samira hussain reports from new york. last year, the federal reserve raised interest rates at the fastest rate since the 1980s and it seemed to have helped inflation a little but the labour market remains resilient. the lastjob through sport sh
the pope has said he will take part in the mass celebrating palm sunday in the vatican. the 86 year old was discharged from a hospital in rome in the last few hours where he was receiving treatment for bronchitis. smiling and leaning on a cane as he left rome s gemelli hospital, the pontiff greeted well wishers and joked he was still alive. the vatican said he d resumed some work duties while in hospital, baptising a new born baby as well as sharing a dinner with some of the doctors and nurses. earlier i spoke to our correspondentjenny hill who had the latest on the ground. he s now out of hospital. as you say, he appeared very relaxed, smiling as he greeted well wishers outside the hospital, telling reporters that he will participate in that mass right here tomorrow. and, of course, you know, pope francis himself is more than aware that talk of his impending either resignation or demise have been filling the newspapers here, you know, joking with reporters. well, i m still