before they can be destroyed is we're one of our top story out base. our bonus affected by to tie read nickels of his funeral in the u. s. city of memphis. 29 year old. died after being beaten by police. those attending, called for an end to police, find the passage of legislation to reform to more international proceed. robot says your business update. next, i'll be back at the top of the app. i'm good with with leonardo da vinci's, mysterious masterpiece is perhaps the greatest leonardo masterpiece in the

collection of the louvre. and no, it is not the mona lisa. it is the virgin of the rocks, 2 versions, multiple copies and a hidden drawing. was there another symbolic meaning to this beautiful painting that perhaps we just don't understand? a search for answers store to february 10th on d, w a . u. s. federal reserve moves down another gear and 8 straight rates hike from the fed, but they're getting ever smaller. is the us winning, it's war with inflation. that's where in the world price rises are leading to an epidemic that strikes with wages. failing to keep up with the st. cost of living

and pakistan's economy is in dire straits, but where relief come in the form of an ira. bailout is data 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 rise is of a quarter of a percentage points and is less than december's hike of half a percent. it continues a trend that seen the central bank slowly phasing down its aggressive program of rates increases that aims to tackle high inflation through for let's get more on this from our financial correspondent in new york, yelton's quarter ends the fed seeing fit to just take his foot off the accelerator again with the rates rises and what's behind this decision? well, wrapped up pretty much what the federal reserve center fed chair j. paula saying is

that even if inflation is still elevated, is, has softened 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 it 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 j paul said about the future because he entered and more increase. so not just one increase but maybe increase it. meaning that the next set meeting in march, we might the another interest rate increase. there may be 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 red 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 a reports of more, a lay off the ending. and i did stage 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 in charge. 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. yeah. go to 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. docs, 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 those 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, sir, extends beyond food and energy and that's dangerous. because once people really adjust to this and believe in 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 earn 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 no, it's small to get that done. economists say, if inflation remains high, more and more people will take to the streets to the men's 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 in these ireland 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 countered for just

over 12 percent of new car sales compared to around 2 percent in 2019. 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 neighbors, serbia, it aims to facilitate the flow of non russian natural gas to belgrade. 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, the pakistan a government is now hoping that a deal with the i m f, can come to his rescue. driving a rick shaw through the busy streets of karachi, brings in the only income for the year met 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 it's annie, but as despair and gloom all around patches 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 dollar liter . after the country's currency value plummeted last week. rising prices for gas continue to fuel inflation. life is getting expensive for they are met with douglas costs 50 rupees, a kilo. now it costs a $100.00 rupees, twice as much. how can i buy it? i just had 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 best because they do sent hike in the price is completely unjustified. and i'm sure that the government is solving what the i m f is saying. and coming days we are expecting that there will be more few fries hike. and that will be an army 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 in to stop beijing holding too much sway a shipping containers up pretty tough, a crash test, a container, china international container, limited wanted to spend around 1000000000 euros to become majority owners of this danish firm. but the file 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, which was surprising because everybody thought that the authorities would decline the sale. and those exactly were had 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 steak 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 over the rock chinese or make decisions. it was we did by lies pretty small, but when they nodded with your vision, they and i don't have any issue with the purchase site and see it. of course, of course we have to look after our interests and counts 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 lightest

sign that political powers are uneasy over major deals with china. and a reminder, the top business 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, continue the trend that same the central bank facing down its aggressive craig, up the rates rises to tackle high inflation. and so for me to visit here in berlin from o at that data, we dot com slash business. so the data we in use youtube to and i thought glad to own or not to own. what about a sharing economy instead of a change in thinking is changing the economy to create something new.

the economics magazine made in germany next on d. w. analia is in the throes of a real estate, french, the turkish metropolis is running out of affordable housing as more and more russian is far buying and renting their prices are exploding. those with average incomes can no longer afford to live in their city and are being displayed focused on europe. 60 minute thought b, w o a. john jan doris to searches for the truth again. and this time at the exile to turkish journalist

meets svetlana, itsyana, sky, exiled leader of the opposition and bella roost. of course, i'm tired and tired, physically untied. morally, it's too much on my shoulders, but i have to hold this way because i'm responsible for the future of our country. for the people who are behind the boss gardens of truth starts february 18th on d. w. ah ah ah ah, we are losing the ground beneath our feet because our swale is in trouble over the past century.