hello, miss celeste, he has denied keith was involved in the sabotaging of the node stream natural gas pipelines. this comes off to run a report in the new york times indicated a pro ukrainian group carried out the attack. this is dw news. christy addison is up next with business news with the u. s. fed chief warning of more interest rate hikes on the horizon. don't forget our website is there any time it j . w dot com? you can also check out our social media channels. for instance, twitter. the handley nate is at the w news. i'm anthony howard in berlin for me and the team here. thanks for watching and stay with me here. and what's behind van d. w. news africa. the show that faculty issues in the continent life is slowly getting back to normally on the streets to give you enough reports on the inside

of our cars. funds is on the ground reporting from across the continent and all the trend stuff. the mazda u. t. double who's africa every friday on d. w? a sex phone operator who wrote her master's thesis on put potato railing to read a turn on. well, it gets more with it. there was from there, you don't you literature list? good german, 3. 0, the fed warns of rate hikes ahead. u. s. central bank chief j. powell tells congress a lot more needs to be done to get inflation under control. also coming up st. blanca with an urgently needed bail out from the international monetary fund. after

a pair of big backers stepped forward and germany is set reportedly to band while way, and v t e from parts of it's 5 g networks as concerns of cyber security threats to critical infrastructure grow. i'm christy plaza number land. welcome back to another d w business. wall street investors are trading cautiously after federal reserve chair jerome pow hinted at another interest rate increase. in his testimony before a congressional committee, powell said, january its figures for employment, consumer spending, manufacturing production, and inflation pointed to the need for tougher measures. the fed has raised the benchmark lending rate 8 times since early last year as a content with inflation that remains stubbornly above its long term target of 2 percent. well for more we have young quarter in new york to answer some questions for us. yann's the fed had backed off of its policy of aggressive rate hikes in recent months. now, not only are we hearing about more hikes, but again,

more aggressive ones, why the change? well, i mean, christy is simply put the latest economic numbers that we've gotten be from the labor market also be it from the place and side were too hot for the taste of the federal reserve. but then again, the market reaction is a bit puzzling because the j paula at the press conference after the last set meeting early february said himself, rates will be higher for longer. so that's what we're probably going to get the better that at the next meeting in about 2 weeks, we will see an interest rate increase not just by $25.00, but by 50 basis points has pretty much doubled from a 30 percent to 60 percent. we did see a treasury, for example, reaching the highest level so the yields as since the 2007 and also the dollar increase quite a bit in comparison to the euro by 1.3 percent here on the wednesday session,

on the tuesday session, a lot, so really no surprises from pow actually. i mean, you talked about what this means for markets. what is it going to mean for normal americans? well, it makes money more expensive and it makes that more expensive if you think about to credit card debt for instance. but also if you take a new car, lo and if you look at your mortgages, so everything becomes more expensive. so this is the one side of the modality. and then what the federal reserve is trying to do is also cool down the labor market a bit. so there was an exchange of words at their testimony on tuesday between sen, elizabeth warren and j. paul and she kept going and going and going so that those latest increases might actually cost american and $2000000.00 jobs or more j. paul eventually said, well, but what's the alternative? so inflation of 5 or 6 percent is that better for american families. so

a bottom line is, monetary policy is not necessarily as tie ins, right? so you don't necessarily know what's going to happen if you keep increasing rates, but that there will be consequences for america. american family and households is obvious. delicate balance to hit their young cartoon. new york, thanks or germany is considering a ban on some chinese made components used in it's 5 g infrastructure that would include parts already in use and require operators to dismantle and replace them. it would largely impact one way, one of china's biggest telecom companies, germany says it has security concerns as it rolls out, its 5 g data networks. the interior ministry says the government is carrying out a review of telecoms, tech suppliers, but it says it's not directed at specific manufacturers, but there's little doubt which company triggered those concerns. while we

integrated part of the chinese system today, there's very close relationship between the chinese communist part of the chinese government. and while we basically, while we're in the pocket of the chinese government, while ways coast time with beijing were already causing alarm before rushes. invasion of ukraine, but that drove home the danger of economic dependency on non democratic countries. germany and others worry that hallway could infiltrate or shut down communications infrastructure if relations with china, deteriorate, replacing that infrastructure could be expensive, but may prove unavoidable. the reality is germany filled in the early process, rolling out by g and base, they can stop using try this equipment tomorrow and start using other kinds of equipment. that's one thing. the 2nd thing, of course, the need some equipment need to get ribbon replace that for the operators, but that's the cost they could avoid. this is they have done like upgrade for the done in the numbers of other countries. several european countries are still

formulating telecom policy and expensive. here are some other global business stories making. this meta is planning a fresh round of layoffs this week. the parent company of facebook, instagram, and what that says. it will cut thousands of jobs to meet financial targets. it reduced the workforce by 11000 in november, more than any other tech company. last year. customs agency figures show china's exports fell by almost 7 percent combined in january and february in ports dropped to as many chinese companies brought in fewer parts and materials for many of their exports. the numbers show how a global economic slowdown has cut demand for chinese products. while the international monetary fund is poised to approve a crucial loan to sri lanka, after the country's biggest national leonard, china agreed to restructure its loans to the island nation. negotiations have been ongoing since september, sri lanka is in the worst economic crisis in its history and declared bankruptcy

last year. lush market stalls concealed a real situation tree. langa lacks many essentials for living food, gasoline, medicine. the international monetary fund has promised $2900000000.00 in aid. this is on the condition that creditors also assist the heavily indebted country. one of sri lankan main creditors is china, and it is finally agreed to contribute. now the government and colombo is hoping for rapid dispersement dang, i am a thank you. thank you. back the i m f to fulfill their commitment and grant approval for the program either in the 3rd or 4th week of march. after that, i think we will get the 1st round of financing from the world bank and the asian develop. it was done about there that bill day know. she long as dead amounts to $46000000000.00. the government drastically increased taxes to meet reform demands, resulting in widespread strikes it we are on the boise and we want to live back,

but you know, reasonable amount due amount is not reasonable. that very be i've been gone. i mean this done. what is it? but reforms are one of the i a maths criteria for aid. putting the government in a tough spot tree loggins will suffer from the debt burden for generations. $2900000000.00 from the i m. f is merely a 1st step. all earlier i spoke with ama lendue miss rob. he's a professor of international politics at lancaster university in the united kingdom . i asked him how crucial this i am. f loan is for sri lanka. it's a fundamental 1st of all, the country has gone through bankruptcy for the 1st time in its history, on how to reach someone, a lender who could throw a kind of line, so to speak, in order to rescue the economy. and it is coming to the right time, which is slightly delayed, but non listings very critical. now let's look at how it is going to answer lanka.

jenkins not only owes money to, i missed one bank and all this, but it has also own money to india, china, its biggest lender to what is happening. it is that it has been a default in terms of paying back some of those loans. and that is the reason why it's credit trading has fallen. so these 2900000000 that it is going to receive will respond to keep that response to the economy under the country where back can start paying some of these lenders. and on the basis of that, it can also seek more of loans from the likes of asia dot lockman bank while bank the india and all this. so it is very significant indeed to put it very mildly shirt. now, professor mithra obviously a not a great situation economically in sri lanka right now, but things have turned around somewhat since the shortages and protests we saw last year. can you tell me about that?

how things changed when the new governmental for president john lucas, i'm seeing that as introduce some very strict economic measures, one of which has to do with call being then listen, i'm putting new texas and the reason why say link us, it'll slow down the bought off of bankruptcies because they were spending money. we didn't talk in terms of subsidies in terms of not having proper taxes and i'm to mark mic matter source. we have the corporate bond to make cylinders very much like them to resume on. also a dependence on exploited money coming from the golf on it. so all the time, dried up. so things are changing. the tourism is coming back on the people from silica was sending money from the golf ball, slowly trickling in that particular amount is trickling in. but most important a whole as a said that he's concerted effort and part of the new government back in place. and,

and i was part of that. it is introducing very hard economic measures in terms of taxes. and it is going to be so lincoln's in the song and the medium tom. but the long term prospects are going to be good. if the car is on this particular thoughts, then no, i don't see any reason why it can't go on and on the situation that in which you found it. so last year that was i'm a lender, mr. our professor of international politics at lancaster university there will youthful looks, might not be to your advantage anymore, especially in denmark. supermarket chain bill is using face scanning technology to determine if customers meet the legally required age for buying alcohol customers using the self checkout. i will be asked to provide identification and then present their face to the camera store manager say this will speed up the checkout process . the legal age for buying wine and beer in denmark is 16 and 18 for liquor.

and here's a reminder of our top story today. u. s. federal reserve chair jerome powell has hinted at another interest rate increase. he said economic figures pointed to the need for tougher measures. well that's are sure you can find out on d, w dot com backs business. i'm christy plots, and thanks for watching research for a better climate involves a stinky method. a scientist to new zealand is performing breast test, some sheep to find out how much harmful met and gas they pant. some sheeps press is more climate friendly. and the scientist is successfully braiding them. global 3000. next on d, w to own or not to

own. what about a sharing economy instead? a change in thinking is changing the economy to create something new the economics magazine, maybe in germany. in 60 minutes on d w. ah, hello guys, this is the 77 percent. the platform for africa. you to the faith issues and share ideas. ah, you know, or this channel, we are not afraid to happen delicate the topic because population is growing fast.

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