in memphis, tennessee said farewell to tyree nichols or 29 year old man who died after being killed after being beaten by police. those attending called for an end to police violence and urge the passage of legislation to reform boy enforcement procedures. with robots is next with business, and the latest on the u. s. central banks moves to fight inflation. that's next. after a short break. remember there's more on our website, w dot com. i've told me a lot of situations with every day for us and for our planet. global ideas is on its way to bring you more conservation. how do

we make cities greener? how can we protect animals and their habitat? what to do with all our waste? we can make a difference by choosing reforestation over deforestation recycling over disposable smart new solutions over steam set in our ways. earth is truly unique and we know that that uniqueness is what allows us to live and survive. google ideas, the environmental c global 3000 on d, w, and online with the u. s. federal reserve moves down another gear and 8th straight to rates, hike from the fed, but they're getting ever smaller. is the u. s. winning it's war with inflation? that's where in the world price rises are leading to an f demick strikes with wages

failing to keep up with the increasing cost of living and pakistan's economy is in dire straits, but will relief come in the form of an ins. baylor is deal. we have business on robots in berlin, welcome to the program. the united states federal reserve has increased interest rates for the 8th time in 12 months. however, the fed latest rises of a quarter of a percentage points and is less than december's height of half a percent. it continues a trend that seeing the central bank slowly phasing down its aggressive program of rates increases that aims to tackle high inflation through. well, let's get more on this from our financial correspondent in new york yen quarter ends. the fed seeing fits to just take it off the accelerator again with the rates rises and what's behind this decision? well wrapped, but pretty much what the federal reserve center fed chair j,

paula saying is that even if an installation is still elevated, this has toughened somewhat in the past couple of weeks and month. and therefore obviously the federal reserve can take it a bit easier. i mean, we could have a lengthy debate why inflation is coming down as it really because of the interest rate increase that or is it also, for example, because some energy prices have come down quite a bit and that without the doing of the federal reserve, but what i find interesting is also what say paul said about the future because he entered it more increase. so not just one increase but maybe increase it. meaning that the next set meeting in march, we might be another interest rate increase that maybe another one in may. either way, the reaction on wall street was quite a bit, especially tech stocks and then not start compet gained about 2 percent here in the way this session. it's, i wrote that this has been walking, is trying to get inflation down,

but also not tanking the u. s. economy was the feeling. now whether or not this state is going to go into recession this year. i would say rob the jury is still out there. i mean, the federal reserve itself. it's saying that it sees the path for inflation to come down further without threatening the economy to go into a recession. but we have to wait and see if that's really going to be true or not. i mean, almost on a daily basis, you'll see reports of more layoffs here in the united states. a power on wednesday was saying that for him, the labor market is still too hot. so obviously, the federal reserve will increase rates higher to even soft the labor market. more and that in turn could still theoretically lead the country in the recession, even if that's not the intent of any body inside. so a bottom line, i would say the jury is out there. if we will see a recession further down the line or not. okay, yeah, it's always a pleasure,

yann's culture in new york for us. thank you. now where the fed goes other central banks usually follow. many of them are facing the same challenge that bringing down to inflation without killing off their economy. and their task is an urgent one. as households the world over say, life is becoming on affordable. people all over europe are taking to the streets to demand higher wages. in portugal, it's the teachers who are calling for pay high. schools have been closed for 18 days. the teacher say they simply can't get by on incomes, sometimes as low as $1100.00 euros a month. in cyprus, a general strike paralyzed the country last thursday. dogs, airports, public transport, media and the broader public service where affected the people here also want to see higher salaries, you to rising prices. and in germany, employee said,

well then brenton burke airport staged a one day strike last wednesday. they want a monthly pay increase of $500.00 euros for many here. that would be a wage increase of 20 percent. all this strikes were spurred by the soaring cost of living. many economists understand that immense, but they fear higher wages will lead to even more inflation beyond control because companies raise their sales prices and inflation bronze out. so it, it, it, sir, extends beyond food and energy and that's dangerous. because once people really adjust to this and believe and facial will be higher, it becomes much more difficult for the central banks to fight this. so the central banks need to be determines and a keep inflation expectations low. that's why the e for institute says inflation must be tickled by central banks now by raising

interest rates. as the theory goes, if it's more expensive to borrow money, consumers will spell bless, and when spending declines, he meant will for and eventually. so will the price of every day, goods, but the time when know is small to get that done, economists say, if inflation remains high, more and more people will take to the streets to demand higher wages. well, let's take a look at some of the other global business stories that are making. the news here is to make a wolf speed says the plans to open a plant in germany to support the car industries transition to electric vehicles. the company wants to build the new facility, and these are land region of southern germany as part of a $6500000000.00 expansion. european consumers bought more than a 1000000 new electric cars last year, setting a record for market share in the battery powered electric cars counted for just

over 12 percent of new car sales compared to around 2 percent in 20. 19 you has agreed to ban sales of new petrol and diesel cars. from 2035, bulgaria has begun construction of a natural gas pipeline to link the country with its neighbor surveyor. it aims to facilitate the flow of non russian natural gas to build great. the project is expected to be operational by the end of the year. now pakistan's economy is on the brink of collapse. the south asian country is sitting on a $100000000000.00 in debt last year. it was affected by a flooding disaster. meanwhile, costs a households are soaring. pakistan a government is now hoping that a deal with the i m f and come to his rescue. driving a rick shaw through the busy streets of karachi, brings in the only income, forza, yarmouth, and his family. his work has to cover all expenses, groceries, housing in school fees for 6 children. but since prices have been rising,

it's getting harder every day to make ends meet. but a danny, but as despair and gloom all around petrol, so expensive, it's gone beyond our reach. now i think it'll be better to take my vehicle off the road because what's the point of driving if i can't earn anything? i'll try to find some other work. if i can't, it's reached the stage where i'll have to resort to begging. the government hiked up gas prices by more than 15 percent on sunday to $250.00 rupees or $1.00 later after the country's currency value plummeted last week. rising prices for gas continue to fuel inflation. life was getting expensive for 0. yeah, i met with douglas costs 50 rupees, a kilo, now it costs a 100 rupees, twice as much. how can i buy it? i just have to buy a quarter kilo because whatever i earned has gone on fuel. the pakistani government is now hoping for further aid from the international monetary fund representatives

of the i, m f i there this week to discuss a deal. they'll expect reforms in return, and that means debt reduction less spending higher taxes. citizens will have to be the burden. a common man is suffering, and i'm expecting that probably the people will be on the road for the best. because the dissent hike in the price is completely unjustified. and i'm sure that the gum it is solving what the i am, if as soon as it coming days we are expecting that there will be more food rise, hike and her that will be ah, so not me, in pakistan, around 230000000 people live in pakistan, not all of them earn as little as they are met, but many are poor. they are the ones who already suffer most and will continue to be hardest hit by inflation. staying in asia and the relationship between china

and the european union is getting increasingly adversarial, that starting to have an impact on what deals european businesses can do with chinese firms. increasingly, regulators are stepping into stop beijing holding too much sway. ah, shipping containers are pretty tough. a crash test. danish company contains china international container, limited wanted to spend around 1000000000 euros to become majority owners of this danish firm. but the sale failed due to objections from the competition authorities in germany and the usa. otherwise, at china would have controlled 90 percent of the global market for refrigerator containers. the corona crisis clearly showed how important containers are for global trade. most chose china as the buyer was well surprising because everybody thought that the authorities would decline the sale. and that is exactly what

happened. chinese investments in the european union are now being closely scrutinized, like those in the port of hamburg, the chinese state shipping company. costco recently acquired a stake in a cargo terminal. here may be just a small steak, but in the e u as a whole 10 percent of port capacity is now in chinese hands. the federal association of german industry generally sees it as positive when chinese companies become active in germany. it's a vote of confidence, disclosure or the discussion i work with. so company operating in the port of hamburger through it has to round this question of override chinese or ignite decisions. it was lead to by law school. but when they're not in with the addition, they and i don't have any issue with the purchase and sale. of course, of course we have to look after our own interests and count waffle, germany hood emission. for now, the urgency around the failed container deal has abated. global shortages of east and demand is falling still for western firms. the purchase attempt is the latest

sign that political powers are uneasy over major deals with china. and a reminder, the top is a story that we've been following for the south. united states. federal reserve is increased interest rates for the 8th time in 12 months. the feds latest rise of a quarter of a percentage point comes, continues to trend that same. the central bank facing down its aggressive program, the rates rises to tackle high inflation. and so for me, in the business, in berlin from all i had a data we dot com slash business, so the data we in use youtube. so next time with into the conflict. so some of the worst volumes in years is broken out between the israelis and palestinians. us secretary of state down to new bang, don't called on both sides to calm tension. instead of 2 state solution was the only way to end the conflict. my guess is week is that of the palestinian mission

to the u. k. o some law. if you believe that's possible. comp with d, w in super food or climate killer. accardo and blueberries, from south america. as global demand growth, this thursday produce is causing droughts and water shortages where it's being cultivated. people are fighting over every drop. what's the actual price of these much hype? super food in 45 minutes on w o is increasing every year in many im gonna working on lunch with holiday

destinations drowning in plastic white line at the con every year of explorer. 1000000 tons of plastic waste. is there another way? after all the environment isn't to recyclable. make up your own mind. d. w, made for mines with some of the worst violence in years is broken out between israelis and palestinians at its height last week of palestinian attack. outside the synagogue left 7 people dead unprovoked widespread condemnation, including from the arab world. a day earlier israeli forces had rated the janine refugee camp in the occupied.