july of 2024. and here's a reminder of the top story we're following for you this. our ukraine says that you people have been killed by russian shelling in here. so on the southern city has faced repeated attacked by russian forces since ukraine recaptured it. in november to watch a dw news live from berlin, business today with rob watts is up. next we'll be looking at the european central banks latest interest rate. hi. i'll see you tomorrow with we're all set to go beyond the citizenship and we're all in. as we take on the we're all about the stories that matter to you.

whatever it takes, policeman follow with w. fire made for mines. and we're interested in the global economy. our portfolio g w business beyond. here's a closer look at the project. our mission to analyze the fight for market dominance . get us to the head with d w. business beyond. ah, ah, where the fed goes, the e c, b follows the european central bank has joined its american counterpart in hiking interest rates by off a percentage point. but the economic pictures either side of the atlantic name very different estonian families are living with the steepest price rises in europe.

we'll look at how they're adapting to inflation of over 20 percent and the left over from a major global event. what will become of cut us stadium after some days will come find. this is dated. we business on robots in berlin. welcome to the program. another jump in your as own interest rates. the european central bank has raised them by another half a percentage point in its own going fight with inflation. in the double figures, the hike is smaller than the last increase, but it's unlikely to be the last e. c b says it's playing the long k. the european central bank on tuesday raised this key interest rates. once more, leaders remain determined to call the red hot inflation across the euro's on the cb hiked it's main interest rate by 0.5 percent to the level of 2.5 percent. you see,

be chief, kristen le got signal more hikes, could be on to way if price rises don't start to level off. in particular, we judge that interest rates. we still have to rise significantly at a steady pace to reach levels that are sufficiently restrictive to ensure a timely return of inflation. to our 2 percent medium term target is the f o m c. the eurozone is not alone. in the united states, the federal reserve rates it's benchmark interest rate by another half a point pro, pushing the banks q rate to arrange a 4 and a quarter to 4 and a half percent, which is the highest level in 15 years. meanwhile, the bank of england also raises rates by a half percentage point. it's the banks, 9th consecutive hike as the u. k. battles, not only inflation, but also a cost of living crisis. as legard points out that you see be his goal is to

percent inflation. but that object to his flying in the face of rising costs that are squeezing europeans harder by the day. the war against inflation is looking to be long and painful. services and now digesting rates highest by both the e c, b and the fed. let's cross to our wall street corresponded yann's quarter yann's 24 hours ago. you told me that wall street would needs to sleep on yesterday's fed decision 24 hours later i was the verdict well i'm not so sure it is sir. investors will have a good night sleep tonight because we did see some pretty as steep a losses. so blue chips down by a more than $760.00 points. so down a good 2 percent. and the combination that we're seeing right now is not really ideal. and not in europe, and definitely also not here in the united states. so interest rates are on the rise. they will continue to go higher at the same time. we already see signs that

the economy is losing and steam, or we got to, for example, the latest figures on retail sales here in the united states. so they dropped double. what analysts set an estimated, we also got weaker figures from the manufacturing index, so all of that at least point to a possible recession. while, as i said, that the same time interest rates are going up. as for the federal reserve and the cb, they have made similar visible or identical mays indeed the last couple of months when it comes to interest rates. but are they actually facing the same challenges? well, i mean, if you had talk about inflation and that's what it's all about, right. so, and there are some differences between europe and the united states. so basically in the u. s, it's labor, so vegas are increasing and in europe it's mostly energy risk. the war in the ukraine and the measures against russia. so that is one of the big differences

there. also some similarities. one of the things that i see is a lot of companies are seeing a cost pressure and what they do, they increase prices. but in some cases, a prices in my opinion are going much higher than a justified. and that's also adding, for example, that food prices are on the rise and debt is true in europe and in the united states. indeed, against caught a new york forest. thank you very much. and staying on that in estonia, household sa, struggling with a full blown cost of living crisis. inflation in the european country has hit 20 percent, with many estonians, struggling to pay their bills. and families are having to adapt to a different way of life. making omelets as a family activity for the tins in the past. they would also order in but hard times . mean they can't do that any more asked me last night who for normal breakfast we

need a box of 10 eggs for the whole family. does not look at the prices are up significantly on the list. prices in estonia have quadrupled and wages here are considerably lower than in other parts of europe, such as germany. marya works half time at the university and helene. she earns $850.00 euros a month. her husband, as a freelance photographer, he raised his fees in the fall to make ends meet middle fema. lisa bought her for her who i just watched the money disappear. you work, but there's nothing land or well that's why i had to raise the fees. you know, the cinder, electricity and heating bills take a big chunk out of the budget. and i was in soonest them i mazama, it wouldn't be right to protest our government or blame an employer, ask them what they are anabolic wealth them delivered us. the problems are complex to blaming alliance in it, as russia triggered the energy crisis. when i was then it'd be hooton's government

is using energy as a weapon rail wanna ah, it's now winter in the estonian capital of tell in the coming months will be cold and dark. every one is affected by record inflation of more than 20 percent. but not every one is managing to get by on their own. the city is helping thousands of ukrainian refugees and locals alike. requests for support have quadrupled in recent months. daily that we haven't seen such a rise since the 2008 financial crisis. the elderly and pensioners are especially affected. that's what the latest numbers show up in time. most single pensioners are living in relative poverty. in armless set shape with bent, those living on a measly pension, often come here to tell in senior self help association. that building fills up at wound every day because people can buy cheap food here for just

a few cents. it may come up and i'm always leave with special they, i would manage if i had to pay the full price. was that face in that he said to lex leja, man that got my sent hats and scarves to the ukrainians grinder, stella, i it didn't. the army we in is stone. you know, how bad it is there began. it's also i will, but we draw the deal with inflation than bombs format. it's a perspective that many estonians trio. there is hardly any protests, although not everyone can count on getting help. pension us received a one time payment and families with children get a subsidy. and everyone else just has to get by now let's take a look at some of the other global business stories making the news. the us treasury department has announced new sanctions on one of russia's richest men of a lot of mayor puts it in a put, put on an excuse me and russian commercial bank ross bank. there are further

measures against more than 40 people linked to the russian financial sector as well . the u has also agreed to new russian sanctions. twitter on the on wednesday suspended an account that tracked its owner, ilan mosques. private jets in real time. in musk says legal action against the accounts operator will be taken. musk tweeted that any account that reveals real time location information will be suspended and a ship that will serve as one of japanese flirting liquefied natural gas terminals has arrived off the countries coast. the hug esperanza is the 2nd to arrive as berlin seeks to end its reliance on russian energy. it has speeded up a process that normally takes years into months as the most expensive and controversial welcome in history reaches its final stage. it's still unclear what will happen to much of the $200000000000.00 worth of infrastructure built for

it. and our next report will look at the possible fate of stadium 97 for a temporary arena, made entirely shipping containers. also in this ancient arab board game, it's all about strategy mohammed as late, he loves playing darma. he says the game helps keep his mind sharp. now his playing with foreign football fans, teaching them the rules while bringing them closer to carry culture. woke up visitors aren't just expected to leave with memories of football here, but also elements of good terry culture. and have been miss villain and it's very important for us to keep our culture alive hopeful. and we're using the welcome as an opportunity to share our cultural heritage and our perspectives with a whole world rock dolah. papa of mumbled an electron cutter is also planning to give the full world a whole new stadium, stadium, $974.00, made up of $974.00 recycled shipping containers. it will be dismantled out of the

world cup to be shipped and rebuilt in another country. your goal is interested in once points with sustainability 4 to 2030 welcome bid. climate activists aren't impressed. it's an interesting idea in theory. in practice, there are very few details on what's actually gonna happen to the stadium if you don't transport it or you transported super far. and then you just use it once. it's actually worse for the climate than if you had built 2 stadiums in those 2 different countries. some experts consider the world cup a milestone when it comes to footballs. transformation never had so many people from the arrow bold visited the event and rarely have there been so few european fans after all. never before, while flights and hotels as expensive as this year. the most popular form of popular entertainment accessible to the masses to one that is geared towards it

. leach, just look at the pricing. the wild cup and cutoff may have been the most controversial one ever still carries hope that fans will take something good home with them. even if it's just the damn or rules i hear your reminder, the top business story we're following for you this our, the european central bank as liked your as an interest rates. again, this time, i know point 5 percentage points paso, from the business team handling from overhead over to a d dot com flash business or the d to wait in years youtube channel where us on facebook as well as state of utah business. if you want us to next time ticket, he fled putin's war on this spike. a russian disaster in georgia, a around 100000 young men are seeking refuge in the neighboring country.

how do they feel? far land and how they received by the local population focus on europe. next, on d. w. is the end of the pandemic in sight. we show what it could look like. return to normal. and we visit those who are finding it difficult. with success in our weekly coping 19 special in 60 minutes on d w. oh. hello guys. this is the 77 percent the platform for

africa. you beat issues and share ideas. ah, you know, or this channel, we are not afraid to happen delicate topic. because population is growing and young people clearly have the solutions. the future belongs to the 77 percent every weekend on d. w with hello and welcome to focus on your up. it is nice to have you here with us for today. so we're starting with a little story from.