that will give you access to all the latest news from around the world as well as push notifications for any breaking news we have time for for now. the business news is up next with christy platt. some. looking at the u. s. fed chapman's warning that inflation has yet to be tamed. i've got a website that's d, w dot com some more news. and you can, of course, also check our social media channels. the handle you need that is at the don't mean yes i'm and you could send it the cannon in berlin. thanks so much for watching. and stay with us with journalism. help us in overcoming divisions. save the date for the d. w. global media forum. 2023 in bonn, germany and increasingly fragmented world with

a growing number of voices, digitally amplified. we see where this clutter can lead what we really need, overcoming divisions into vision for tomorrow's journalism. save the date and to join us for this discussion. at the 16th edition of d, w. c, global media forum stories that move people the world over d. w on facebook and twitter up to date and in touch. follow us. ah, the fat 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 sri lanka, weird and urgently needed bail out from the internet. monetary fund after

a pair of big backers stepped forward, and germany is set reportedly to band while wy and v t e from parts of it's 5 g networks as concerns of cybersecurity threats to critical infrastructure grow. i'm christy plaza. numberless. welcome back to another d w business. wall street investors are trading cautiously after federal reserve chair drone pow hinted at another interest rate increase. in his testimony before a congressional committee, powell said, january figures for employment, consumer spending, manufacturing production, and inflation pointed to the need for tougher measures. the fed has rates a benchmark lending rate a time 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 in 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, at the 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 in the 2007 and also the dollar increase quite a bit in comparison to the euro by 1.3 percent here on the wednesday session of the

tuesday session along 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'd 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. it's also cool down the labor market a bit. so there was an exchange of words at the 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 at $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 family is still 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. mayor 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 aging, we're 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 still in the early process, rolling out 5, 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 if they have done like operate for done

in the numbers of other countries. several european countries are still formulating telecom policies and regulations, but only britain and sweden have so far band hallway from supplying 5 g network equipment. a potential band in germany would be a starting point, but with lots of chinese components already and use a full decoupling would be long 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 imports 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. sri lanka 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 lanka main creditors is china, and it is finally agreed to contribute. now the government and colombo is hoping for a 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 been day. no. sri lanka is dead amounts to $46000000000.00. the government drastically increased taxes to meet reform demands, resulting in wide spread strikes. a reasonable amount is not reason about that. i mean is that what is it that reforms or one of the i a mass criteria for aid. putting the government in a tough spot. sri lankan will suffer from the debt burden for generations. $2900000000.00 from the i m. f is merely a 1st step. earlier i spoke with am a lender miss ra. he's a professor of international politics at lancaster university. in the united kingdom. i asked him how crucial this i'm f loan is for sri lanka. it's very fundamental. first of all, the country has gone through bankruptcy, but the fast,

i mean it's history. and there have to be 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 not just, it's very critical. let's look at how it is going to elsewhere lanka, jenkins, not only owes money to i'm if one bank and all this, but you turn also on money to india, china. it's biggest lender to what is happening. it is that it has been a default in terms of being back some of those loans. and that is the reason why it's currently trading has fallen. so these 2900000000 that it is going to receive will respite to keep their despite to the economy under the country where i can start paying some of these lenders. and on the basis of that, it can also seek more loans from the likes of asian development bank water, bank, india, and all of this. so it is very significant indeed,

very mildly shirt. now, professor mithra obviously 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 silica sort of slow down the bots. off of bankruptcy is 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 had the corporate bond to make selling cars that mr. line item 2000 and also had 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 i was part of that, it is introducing very hard economic measures in terms of taxes and it is going to been so long comes in the social on the medium. but the long term prospects are going to be good. if the car is on this particular box, then i don't see any reason why it can't done and on the situation that in which you found it. so last year that was, i'm a lender, mister, 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. com 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, i know sunday w dot com backs business. i'm christy plaids, and thanks for watching her in good shape. are you never hungry, lethargic, and constantly tired or nervous with tense and always stressed out. these big problems can have

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