on the pipeline, it is by no means business issues. this is data of your business on robots in berlin. welcome to the program. european central bank makes its move. the c b is increasing interest rates for the 1st time in over a decade by not to point 5 percentage points. that's a big arise than the not point to 5 percentage points. a one point anticipated the much awaited move aims to tame record rates of inflation across the yours and caused by the war in ukraine. and the fallout from the pandemic. the c b is actually the last major central bank to raise rates this year at the beginning of 2022. borrowing rates were largely at the same level in the e, u and the u. s. but since then, the u. s. federal reserve has increased them 3 times in an effort to fight record inflation there. the 1st came in march, just after russia invaded ukraine, than the federal reserve made a further to hikes in may and june to point 75 percent. then to 1.5 percent, well,

easy be rates just stay the same. that was until now with this height of 50 basis points or half a percentage point. now for more on this, let's hear from our financial correspondent in frankfurt, ashatash pan day. i asked him, how much pressure the e c b was under to hike rates were tremendous sir. tremendous pressure, and i again bet you know that he wouldn't want to be increasing luggage shoes at this point in time. i got to understand, and you mentioned that most of the central banks are the beers of the easy be, have already raise the rates. and if sir there is a 3 or 4 times on an average, including the federal reserve, which went ahead with a $75.00 basis point a mammoth height i just last month. and it might just do again a 75 basis points. so clearly the inflation is that record high. this is it, is it that it, that easy be as never experience. and it is certainly going to actually,

it will have to remain aggressive if it has to bring down this inflation. because even at this level it, it's a policy is really accommodated for there are challenges that still lie ahead. the c v in it's fights to bring down inflation. what are those challenges that blendy challenges? so 1st of all, we don't know what's the outlook for energy going to be like with the gas keep flowing from russia, not to, that's going to be a big challenge then a weak euro that's going to add on, no pressure on inflation numbers, because that's going to make inputs even more expensive than looming recession, that's going to certainly could. it is ability to fight aggressively rising prices . that's going to be a bigger charlie's then there is this debt turmoil in the vehicle can our economies of the euro zone. i bought in cost could just go through the roof in those countries and that's going to be a headache for the e. c. b and. and the problems are only become much more complicated with this

political turmoil going on in italy. ok, i should touch monday in frankfurt forest where the c b makes it's decisions. thank you very much. now, russia's gas problem has resumes delivery down the nord stream, one pipeline, to germany, following a maintenance period that had raised concerns of a full stoppage flows continued at 40 percent of the pipelines capacity. exactly where they were when gas from began scheduled maintenance 10 days ago. the warned russia might use the annual repairs as a pretext to shut off deliveries altogether than the states want to end russian fossil fuel imports next year. but in the meantime, the main heavily reliant on the countries natural gas the amounts of gas coming through nord stream one is critical because the eve is racing to phillips reserves ahead of the winter. on average reserves across the continent are more than 60

percent full. but check out the differences between countries. poland of portugal are basically topped up at a 100 percent, but the blocks largest economy. germany. is it around 65 percent along with friends and italy. meanwhile, bulgarian croatia hanging near the bottom that with 37 percent. these goal is to have member reserves at 80 percent full by the start of november just as temperatures really starts to drop. so for countries like germany, the return of the node stream on pipeline is seemingly good news. it helps bring them closer to that 80 percent figure as find out more about those days developments. i correspond benjamin alvarez group is in lieu mean when north stream one arrives in germany. i asked him if it was a day for relief. there is indeed relief, but every one knows that this is not a long term solution that russia might even reduce the amount of gas that it's now sending. we have the estimates that we it will be around 3040 percent. so quite

similar to the figure that we have before this manual, a maintenance that happens every year. so germany of the german government does quite confident, even though this is good news. now they have to find alternative partnerships for energy to leave in russian gas and russian oil in the near future. that's what they are planning. ok, but during this last week and it has shown just how vulnerable the supplies from russia can be to europe, is that something that is taking heat of european commission president, also a funder line saying that you country should scrap air? what the use of gas by 15 percent, of course, 14 for not ever european country. it is very easy. we'll have some countries like germany, like the czech republic, that a highly dependent of gas, it for their gas reserves. now in germany, the, the gas reserves are around 65 percent. they want to of course,

get this number high ahead of the winter months. those are the months that authorities are really worried about to see what can be down there. if the industry, for example, will need a to lower the level of gas that they can use now, but they need european solidarity. that's where they in german economy, minnes. m as tentative. all that have said repeatedly visiting several european countries and to find this other energy partnerships it could be were by katara, for example, by the u. s. with these alan g. so the liquid and natural gas terminals, it could be operating here, look mean in a few months there is still this overhanging fair. russia might choose to stop supplying the e altogether with gas was her idea. we have the sort of impact that, that might have for the european union. it would be a very, very big impact. and that's the big problem. and that's a criticism also in germany that is so highly dependent on oil,

on gas. and that's now desperate to get this north, june 1 at bag, working again. there was also this controversial in decision, no pressure by the european union to get a turban there was in canada that was undergoing maintenance there and fell under the sanctions of the european commission to be then sent back to germany. it's on its way now, and then we'll continue to russia with russia saying that it was due to technical issues that they reduce the flow of gas on this north stream. one pipeline with germany and a will the topic saying that russia often uses technical issues to take this political decisions, calling it a political maintenance and not a maintenance due to technical problems. ok, benjamin alvarez. grava, in lieu mean far as where the nord stream one pipeline arrives in germany. a saying in germany, one of the world's best known stale produces, says, is worried about keeping up with production mass. because germany's to some group

needs gas to power. it's furnaces if russia were to further restrict supplies of fuel to europe. a company could have a major problem. ah, it's about $1200.00 degrees inside the forging furnaces. still maker test group needs natural gas. and a lot of it for the 50 furnace, as it operates endorsement, it needs as much as 6000 households. so far, that hasn't been a problem. but as the war in ukraine continues into its 6th month and gas becomes more of a hot button issue, plant manager, thomas light is worried about having his got supplies cut off. that he does have a folder. that would be a huge disaster for us. even though we have a unique product, we need a certain volume of orders. if we don't have that volume, then we have a problem. and that could be a problem for customers too,

because only a few companies in the world can roll feel, rings to more than an 8 meter diameter. the extra large steel rings are urgently required for wind turbines. tis and group produces around $15000.00 of these range here every month. the company can reduce gas consumption in many parts of its operations, but not really here at the forge that i've been deal our way. we can cut down on our gas consumption is by cutting production. it's a question of survival and industrial plant crisscrossed with gas pipelines could soon become an industrial ruin. the still producer is still receiving gas from current long term contracts at the usual low prices. but soon to some group won't be able to afford gas because it will be too expensive. momento fast supplies. the moment that the gas shortage, we assume our contracts are in danger. i know this means that we have to cover our

needs by a gas from the spot market from then on the coconut. but then the big question is at what cost target to make his life. the still maker has prepared for various crisis situations. if it has to make do with half of the gas, it used to be 4, then emergency operations can still continue. but when the supply hits less than half, it will have to shut down the still furnace. now let's take a look at some of the other global business stories that are making the news. china's cyber security regulator as find tech, major dd global $1200000000.00. the right hailing company came under investigation after it pressed ahead with a new york listing before chinese officials had carried out a cyber security review of the company. the firm d listed in the u. s. less than a year after it's dave and german railway company deutscher bon

says it will soon start carrying ukrainian grain exports to german ports, including raw stock and hamburg to load on to ships. the pickups are expected to happen in romania, and several trains a week are being planned, monthly, grey, and exports from ukraine have been more than half since the closure of several key seaports. just finally here on d. w. business a british staple is coming under new pressure. fish and chips are getting more expensive thanks to a new tariff on russian seafood. the u. k. government is slapping a 35 percent tax on russian white fish on tuesday in response to the war in ukraine . whitefish is a big import for many fish, and chips. suppliers shops are already hiking prices to, to supply problems which could get worse. russia is also one of the world's largest

export as of classic fish and chips catch caught. and england without fishing just is not a bad thing about, that's all for me. and the business team here in berlin from offers to head over to our website to do it up. com slash business. you can also find is on the d, w, and use youtube channel where there's plenty more content from us on that and you can post 5 as social media on facebook as data. we've dealt business until next time. thanks a lot. joining us and take ah, [000:00:00;00]

with ah, this is the end of the pandemic in site. we show what it could look like. will return to normal. and we visit those who are finding it difficult. with success in our weekly coven, 19 special. in 30 minutes on d, w, a thousands of women in india having their rooms for many of them work in the country sugarcane field. the activists nisha tucker interviews affected women and discovers the reasons why her findings

a shocking india hysterectomy scandal is 75 minutes on dw i, she's got any issues with all say what grade level did and right wing extremists and again, well we in couple of late in burned in south africa, people with disabilities more likely to leave their jobs. in the pandemic black lives matter. shine a spotlight on racially motivated police violence, same sex marriage is being legalized in more and more country discrimination. inequality are part of everyday life. for many we ask why?

because life is diversity. make up your own mind. d. w. need for mines. ah, this is the w news line from the european central bank increases interest rates for the 1st time and 11 years hoping to put the brakes on by the way, inflation in the euros on today's increase is just the start of the program. at least president dissolves parliament of paving the way early elections. it follows the resignation of prime minister manny of drug plunging the country into