relationship that shows but what he's missing branches, and that means this time viewers in several countries will be missing bites to infinity. and beyond a clear watch, people, people, people, you're watching every news, live from berlin, stick around christie class, and we'll be with you in just a moment with the business news and all the details on the federal reserves. largest interest rate hike in 3 decades on the lock on behalf of the entire team. thank you for making part of the day with us. you've got any issues with all se gray with

it happened 175 years ago of young start up entrepreneur at a specific goal to build the best optical instruments in the cod size. digging in devices, entering his name one day, be feature in and lead science into realms 175 years of started june 19th on a w ah, the fed goes head to head with inflation. the u. s. central bank announces its largest interest rate hike and nearly 30 years after consumer price has reached a 40 year high in the us will get more from our market expert. also on the show, russia as prom blames repair,

to lay it for lower gas deliveries to germany. but berlin isn't buying it. we ask an energy expert, what the impact will be, and work less produce more can be done. british companies test drive a 4 day work week. i'm christy plats and this is d w a business. the u. s. federal reserve has approved its largest single interest rate hike in almost 30 years. it's a signal that the central bank is serious about raining in the countries stubbornly high inflation. the 3 quarters of a percentage point increases the fed's largest since 191994 and higher than the half point hike into that. in recent weeks, economists, investors and investors began anticipating a more aggressive response after the latest data showed us, consumer prices grew at their highest pace in 40 years and may with costs for food, gas, an housing all searching. well, here's how it fed chairman drum pow, opened his remarks today. we at the fed understand the hardship that high inflation

is causing we're strongly committed to bringing inflation back down and we're moving expeditiously to do so. we have both the tools we need and the result that it will take to restore price stability on behalf of american families and businesses. while for bar, let's bring in our correspondent johns corta at the new york stock exchange. hi there. yes. so the fed, they ultimately went for a bigger hike than they had originally indicated. put this into context for us. why did they do this? actually, christy inflation is a huge problem at the moment. and jerome power knowledge that the u. s. economy will grow lower than originally anticipated, but the same is true with inflation. i mean the other way around so that inflation is much higher than the federal reserve would like to see. and therefore, we're not just the in the 75 basis point hike on a wednesday,

but we will probably see another 75 basis points at the next meeting in july that that leads to watch your own power and hinted it. and he wants to ask if you believe that a soft landing is still possible, meaning increase interest rates, get inflation down and don't kill economic growth at the same point. and he believes that it's possible. but if that's going to be true, remains to be c. now yeah, you're there on the floor, it's a stock exchange, you know, better than anybody here. what have with markets earlier this week we saw them tanking on the news about inflation also about hence, but we're going to see this higher rate hikes. so how did they actually react today in response to the news? christy i was, you're on the floor when the decision got to publish them and it was pretty wild. the thing that we saw, we had the market up before, before at 2 pm, a local time. then when we saw the news across the wires, the dow jones industrial average briefly dropped, then we saw

a blue chipset more than 600 point. at the end of the session, the market was up a good $300.00 points, like a good one percent. what is interesting is that specially interest rate tends to build stocks, technology stocks. they did the best here on wednesday, the nascar composite being up by about 2 and a half percent, but i've seen it so often don't give too much on the immediate market reacts and traders often need one night to sleep over such a big decision. so actually the training session on thursday might be more selling than what we've seen here on wednesday, but sure. wild swings them here on wall street after this historical right decision . as you mentioned, the biggest increase since 1994. well, yeah, we'll definitely be checking in with you on what happens tomorrow. thank you. well, the european center bank also spoke out on interest rates on wednesday, the bank promised to create an unspecified mechanism to protect the euro area.

countries with higher debt from the market turbulence that which is anticipated as barring becomes more expensive in the coming months. my colleague emily lesson or has more the e c. b is especially concerned about the sell off of italian and spanish government debt. that's happened since the bank decided to raise interest rates and july. it's 1st rate hike in 11 years. it's now promising a new program to bring down borrowing cost for those countries. bank officials say they can also make further dep purchases if necessary. the c, b is walking a tightrope at tamping down rising inflation while avoiding another debt crisis. like the one that nearly took down the euro currency a decade ago. some are saying the e, c, b is not being aggressive enough. other say it's going to far, that's one of the difficulties of having a single currency and one central bank for 19 different countries. and now to some of the other global business stories making us rushes war in ukraine, coupled with sharply rising energy prices is curbing the economic recovery in

germany. the fo institute has cut it's 2022 forecasts for german growth to 2.5 percent. that's down from 3 point one percent predicted in march even expects commodity prices and supply bottlenecks to gradually ease. in the 2nd half of the year, brazil's electricity company electro bras, has gone private in the 2nd biggest stock offering worldwide this year. resilient president, j bilson, are rang the bell at the south palace stock exchange to mark the start of trading. the brazilian government stake and electro brust stands at 45 percent. and that's down from 72 percent before the launch. i'll talk to a pair of newly filed lawsuits accuses danish shipping firm maersk line limited of failing to protect employees from sexual assault harassment. the 1st was filed by a former cadet who spoke anonymously of her experience last year. the 2nd was filed by a former in term a top german official said the recent reduction in natural gas deliveries

from russia is likely political in nature. kind of me, miss minister, robert ha, back said the russian claim of pipeline maintenance was a pretext. he said moscow wants to further drive up fuel prices. russian state on supplier gas prom reduced flows through the nord stream, one pipeline, to germany by 60 percent on wednesday, citing and overhaul of a compressor turbine. well, earlier we spoke with energy analyst, teary bruce, and asked him if there's any merit to german concerns where i do expect that in the grand scheme that we, i think since last year i eat the wip mutation of gas, we have to be prepared as a speech seeing a gas from stopping. se spots sage back in 2021. not re feeding the gym and storage at the end of mid the 2021. we've seen that stop up throws in for 4 different, 5 different countries. and this is another thing that the kremlin is throwing at us

rushes invasion of ukraine led to concern about oil and gas supplies and worsened. soaring energy prices, trickling down to customers, filling up at the pump. high gasoline prices have hit people across europe and in the united states, prompting governments to pass measures to try to ease the pain the average cost of filling a 55 liter family car has now gone well above 100 pounds. at the end of last week, petrol at some u. k. pump soar to the psychologically significant price of $2.00 pounds per liter . the automobile association said the price hikes have been a huge sock for drivers and urge the government to intervene. it makes it a bit sick with believe that it was looking at why we spend and every week and i'm not going to foreign holidays. it was on many go and i feel like we'd already been doing quite the job about the british government in march announced a fuel tax cut of 5 pence per liter to help drivers after record jumps and pump

prices. but many motorists argue that the tax cut reduce the cost of filling up by only a tiny amount prime minister boars. johnson's government is under pressure to do more to help britain struggling with fuel and food prices. amid a severe cost of living crisis. what i want to see is those cuts in taxation not just swallowed up in one gulp without touching the gullet of the, of the fuel companies. i want to see, i want to see if those are those, those cuts having an impact on the pumps. however, there are growing concerns that fuel retailers are not passing, the tax cuts to customers and its people on low incomes were feeling the pinch most are sticking with the okay. it sound, all right, working one last day for the same salary and producing the same amount or even more . this is the challenge that 70 british companies will take on over the next 6 months. a pilot program wants to identify the pros and cons of

a 4 day work week. after the pandemic showed that new ways of working are possible . lewis bloomfield is cleaning kegs of beer at the pressure dropped bery in north london. he was eagerly looking forward to june to only work for instead of 5 days a week. but he also sees some challenges, remarked to just compact our workload into smaller timeframes, which might be low. harper, i honestly can't see lies about the royal society of biology. another participant hopes is shorter working. we can help retain employees at a time when you k businesses are confronted with severe staff shortages and job vacancies. hitting a record 1300000. and so it's a motivation really has been driven by what happened over the last 2 years with a pandemic, where i think the rural saw topology along with many, many the old organization of religion. are you from work or differently? unless encouraged to think to look at ways in which we can be more flexible?

the pilot program shouted as the world's biggest so far includes $3300.00 workers from 70. you pay companies. it aims to help companies shorten their working hours without cutting salaries or sacrificing revenue. similar trials have also taken place in spain. iceland, the united states and canada. b australia and new zealand are scheduled to start theirs in august. you know, the, that the real question is, will the productivity increase of losing a day? will that boost the output that you've lost on that day? i think that's probably the key part this trial. if it does brilliant, if it doesn't, then we're going to have a really tough time sustaining a full day week without also sacrificing some growth in the economy. i think that's probably the, the crux of the martha lewis bloom's field, at least already plans to use his extra time to get involved and charity work. start

a long overdue course in particle physics and spend more time with his family. here is a reminder of the top is no story we're falling for you. this. our u. s. federal reserve has approved its largest single interest rate hike in almost 30 years, as it takes a more aggressive path to raining and the country stubbornly high inflation fed officials agreed to a key rate hike of 3 quarters of a percentage point. well that's our show for more. you can check us out a d, w dot com backslash business for me and the whole team. thank you for watching with treated in his weapon with how to is a former park fighter now guided tours over the former combat with violence dual rages in columbia. 60 years after the civil war,

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