to member, that's much more news for you on on that site. that's d, w dot com. and you can find us on twitter orange. so graham on hampton for that. if the w. i'm the massage as well. thanks for being with every jenny is full of surprises. we've gone all out to give you some tips one day in the in the footsteps of the great reason. i'm in your northern

most count please. ah, free time is one. still very much alive. d. w, travel, you'll go to the central hospital in germany, new it recognizes where exactly it was fun and i've learned a lot our culture history, all their d. w. travel extremely worth a visit with ah, where the fed goes the e. c, b follows the european central bank has joined this american counterpart in hiking interest rates by off a percentage point. but the economic pictures either side of the atlantic name 3

different estonian families living with the steepest price rises in europe. we'll look at how they're adapting inflation of over 20 percent and the left overs from a major global event. what will become of cut us stadium after sundays local find? this is data we have business. i'm what's 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 game. the european central bank on thursday raised this key interest rates once more. leaders remain determined to call the red hot inflation across the euro's on the c b hike. this 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 the way. if price rises don't start to level off. in particular, we judged 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. if the pharmacy was euro's own 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 key rate to a range of 4 and a quarter to 4 and a half percent. which is the highest level in 15 years. meanwhile, the bank of england also rates its rights by a half percentage point. it's the bank's 9th contractor to hike as the u. k. battles, not only inflation, but also a cost of living crisis. as le got points out, the e c, b,

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. serviced as a now digesting rates high by both the ac v and the fed. let's cross to our wall street corresponded yen caught a yen 24 hours ago. you told me that wall street with needs to sleep on yesterday's fed decision 24 hours later. i was the verdict. well, i'm not so sure if firm investors will have a good night sleep tonight because we did see some pretty 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 said, estimated, we also got weaker figures from the manufacturing index, so all of that at least points to a possible recession. while, as i said, that the same time interest rates are going up, as for the federal reserve and the see be they have made similar lives will or identical moves. 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 there are some differences between europe and the united states. so basically in the us, it's labor. so vegas are increasing and in europe it's mostly energy with the war in the ukraine and the measures against russia. so that is one of the

big differences. there are 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 that is true in europe in the united states, and indeed against cortez new york for us. thank you very much. and staying on that, in estonia, households are 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 tense. in the past, they would also order in but hard times. mean they can't do that anymore.

asked me last night who for breakfast? we need a box of 10 eggs for the whole family. does not look at them, prices are up significantly affect the price is in estonia, half quadrupled, and wages here are considerably lower than in other parts of europe, such as germany. marya works half time at the university in 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 bro, who i just watched the money disappear. you work, but there's nothing left or 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 than i was in the my math mama. it wouldn't be right to protest our government to blame an employer, ask them what they want to run across them. 7 of the problems are complex to blaming, and i am in it as russia triggered the energy crisis. what i'm glad was that had

a v hooton's government is using energy as a weapon, but a lawana 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 per cent. but not every one is managing to get by on their own. the city is helping thousands of ukraine. refugees and locals alike, requests for support, half quadruple in recent months. daily that we haven't seen such a rise since the 2008 financial crisis. the elderly and pensioners are especially affected restaurants. that's what the latest number showed. most single pensioners are living in relative poverty in arm will set you sick with benton. those living on a measly pension often come here to tell in seen yourself help association. that building fills up at wound every day because people can buy cheap food here for just

a few cents. it ne ain't got done. i'm always looking for the special they, i would manage if i had to pay the full price. it was the face in leather. he said to lex alia, malemad, that com. i sent hats and scarves to the ukrainians wrangler. stella, i go. it didn't damage we in is stone, you know, how bad it is there began. it's also our rule, but we draw the deal with inflation than bombs format. it's a perspective that many estonians fear. there's 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 to 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 vladimir putin in an russian commercial bank. ross bank are further measures against more than 40 people linked to the russian financial

sector as well. the u has also agreed to new russia sanctions to it as suspended an account that tracked its owner ellen musk private jets in real time. it must said legal action against the accounts operator would be taken. musk tweeter that any account that reveals real time location information will be suspended and a ship that will serve as one of germany's floating liquefied natural gas terminals has arrived off the country's coast. the herd. esperanza is the 2nd to arrive spell and seeks to end is reliance on russian energy is speeded up a process that normally takes years into months. as the most expensive and controversial world cup 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 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 al. slighty loves playing domino essays. 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 belinda. it's very important for us to keep our culture alive and we're using the world cup as an opportunity to share our cultural heritage and our perspective with a whole world rock dolah papa of mumbled an electron cutter is also planning to give the world a whole new stadium, stadium, 974, made up of 974 recycled shipping containers. it will be dismantled out of the world cup to be shipped and rebuilt in another country. your guy is interested. it wants

points for sustainability for to 2030 world cup bid. climate activists aren't impressed. it's an interesting idea in theory. in practice, there are very few details on what's actually going to happen to the stadium if you don't transport it or you transported super far, and then you just use it once is 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 have so many people from the arab world visited the event and rarely have there been so few european fans after all, never before where flights and hotels as expensive as this here. the most popular form of popular entertainment accessible to the masses to one that is geared towards it leads. just look at the pricing, the world cup and cutter may have been the most controversial one ever. still could

. harry's hope that fans will take something good home with them, even if it's just the dumber bulls. i give you a reminder that our business story we're following for you, this our, the european central bank as hiked your as an interest rates. again, this time i not point 5 percentage points. paso from the business team handle info moorhead over to t t o e dot com slash business, or the d to way in years youtube channel, where us on facebook as well as the deed of you don't business if you want us to next time to get into the conflict zone with tim sebastian, russia, jewish community has been watching the war in ukraine with mounting alarm, but most of kept silent, fearing state reprisals. a senior figure in the community felt that silence was

immoral. the thinkers goldschmidt and he was all jews in russia to get out. now conflict with next on d. w to the point. strong opinions, clear positions, international perspectives. who teens was bringing death and destruction to ukraine, but it is also changing power structures across europe. these displays leadership while the west appears hesitant on to that point, we ask, is eastern europe leading the continent risks to the point. being 60 d w. o. o did in lie dwayne extremists, i suggested again, well,

might be coming late and burned in south africa. people with disabilities more likely to lose their jobs independent, make black lives matter. shine a spotlight on racially motivated police violence, same sex marriage is being legalized in more and more country discrimination and inequality or part of everyday life. for many, we ask why? because life is diversity to make up your own mind in d. w. need for mines rushes . jewish community has been watching the war in ukraine with mounting along, but most of kept silence, fearing state reprisals if they spoke out against the kremlin. and yet as the fighting intensified, a senior figure in the community helped that silence was immoral. so he fled mosque .