cantino doesn't seem to be showing the strain though a change of the rules means he could theoretically remain in office until 2031. so that's all for this show coming up next is dw business with my colleague, marina. again, there's always more news and analysis on our website. it's d w dot com for loss as well. on all the social media challenge, channels rather, the handle you need is at the doping scribe told me a lot of thanks for watching. ah ah, every journey is full of surprises. we've gone all out to give you some tips one day in the, in the foot of the rigby home. i'm in your northern most count to please

ah for a time long, but still very much alive. dw channel, your guy to his essential thought in germany. i recognized where exactly it was fun and i learned a lot our culture history, all their d. w. travel extremely worth a visit. ah, ah, the banking saga continues and other u. s. banks shared shares taken dive before soaring right back up again. first republic on the edge of collapse, but a rescue package saves that. they will get the latest from wall street. meanwhile,

across the atlantic, a lifeline for credit suite. the lender says it's borrowing heavily from the swift central bank after solvency fears centered share price tumbling. i and the revolution from the roof tops, solar panel roofed help help power, the green energy transition. i magazine out welcome. it's been another wild ride on wall street. as traders showed that their fears about the u. s. banking system having to ease investors lost confidence in 1st republic bank, sending a stock price tumbling 35 percent. this comes just days after the collapse of silicon valley bank spooked markets, but news of a rescue package from a group of wall street banks sems sent the san francisco based lenders shares up again. now as this was happening, fed chair janet yellen spoke to congress saying the u. s. banking system remains sound. now let's get some insight from wall street on these developments. yes. call

to joins me from new york. hi jens. yes. how worrying is what's going on with 1st republic? yeah, maria, desperate time stephan at lee call for desperate to measure says so when we got to word that obviously i'm almost a dozen of from usaa banks are jumping him to an end to get a deposit to 1st republic him that did definitely cause so quite it would change, sure, but then again, i mean to think about it as sort of competitors helping another bank to stay afloat . that is of what i would call a desperate measure. i mean, the stock did turn around into is saw some decent gains in the so stay station. but now in after our trading, the stock is actually down again a buy at 20 percent of the management and hinted that it's not going to pay any a dividend. so those are definitely pretty uh why hooks. i'm said we're seeing

right now in the financial system while times and janet yelling yellen trying to reassure markets earlier to day didn't work. well, i'm not sure if it's necessarily a, the head of the treasury that com market said down what definitely helped earlier this week is, is when the federal reserve for the, if the i c as said that they're actually a guaranteeing a money for banks here in the united states, so what we need at this time is, is time because with all those financial institutions have to rebuild it, trust them, and that it takes time. and so to get this time, or we heard from switzerland, for example, from the national bank. i'm over there that they're guaranteeing as a money afford credit suisse, and then we have something similar here in the united states, either from other banks or also from authorities here. so that's what everybody

tries to do, build up confidence to buy some time or so that the banks can sort things out. it will be successful in every financial institution. it can be safe, there remains to be seen. yes, carter with a closing bell in the background. there are thank you very much. and meanwhile, here in europe, the european central bank has stuck to its plans to raise interest rates by half a percentage point, bringing it to 3 percent. it's president castilla god said the decision was a robust move designed to bring inflation under control. she dismissed worries about the european banking system thing. the e c b would provide additional support if needed. he was speaking just hours after switzerland central bank, extended a credit lifeline to trouble lender credit suisse. for more and joined by my colleague my to freshman matters, the easy be made this announcement announcement in the midst of financial turmoil.

what are the considerations that central bankers are wing off before making such an announcement? well, i think it's helpful to understand that central banks are quite weird, public animal, right? they sort of rely on the financial system that they regulate to actually do their policy. so if they break things, they can't raise interest rates anymore, and they need to do that to rain and inflation. so that's a very tough path. they have to struggle with here in trying not to do too much and but actually at the same time actually doing something. ok, so it's a juggling act really here. some analysts expected the c, b to only raise interest rates by a quarter percentage point because of the banking turmoil that the u. s. and the a and europe are experiencing right now, but they didn't. they went for a half a percentage point. why is that? you think so a central bank needs credibility, right? the probably needs to trust that it actually performs on the job that it's set to

do. and that's keeping inflation target. and the european central bank has repeated often in the past to do this 50 percent of 50 basis point rate hike. and so they can't just move away from doing that. and now they did it, but they've also scraped all this forward guidance from their, their statement to days. so they're, they didn't commit to anything for the future, which is something they usually have done in the past meetings. so the now want to see how the financial economic data evolves to make any more decisions. okay. um, so its goal, the seabees goal is to reduce inflation to 2 percent, ideally out. how realistic is that at this point? the c b itself says they're expecting inflation at 5.3 percent for 2023 and 2.9 percent for next year. so they're overshooting their own target. there is some wiggle room there because they've changed their stands and policy there,

so they can overshoot slightly, but it shows that they're not really performing on their job. and these projections have been wrong in the past. so we also have a situation where profit margins of companies actually are pushing inflation. that's something that we can't do much about. and there have been drops and energy prices, which has been helpful in the past. but food prices have still risen. so we have the still this environment that, that is grappling with and it's clear how they're actually going to manage to calm down difficult environment. but higher interest rates never the less much us higher interest rates are also part of the reason behind the collapse of silicon valley bank last week to higher interest rates in europe. mean, we're heading towards more collapses of regional banks. so the problem here is that historically,

interest rate hikes have let to recession. that's just a fact. and the c b has a particularly bad track record. they've raised interest rates in 2011 just as the euro crisis was getting started. they are aware that christina la guard mentioned this and her speech today, so they know that they're in difficulties territory and regulation has strengthened thanks are much sondra state now. so we're in a different point now where we will hope that things won't break as much. ok, so a precarious situation. thank you so much, much assessment from dw business now on to some of our other global business stories making news. interest rates are in a completely different league in argentina where the central bank has raised them to a whopping 78 percent. the $300.00 basis point increase comes after year on year inflation exceeded 102 percent and february reaching triple digits for the 1st time and over

3 decades. now, she long as economy shrank. a record 7.8 percent last year, long blackouts and critical fuel shorted as have thrown the country into an unprecedented economic crisis. the government is currently trying to secure a bailout by the international monetary fund. it's raising taxes and ending subsidies in an effort to fix its finances. japan and south korea have agreed to settle a long standing trade dispute at a meeting in tokyo to panel lift export controls on chemicals. vital to south korea, chip industry, meanwhile, so we'll drop a w t o complaint against japan. now could an energy revolution also come from europe, rooftops, tesla, ellen, musk one set of sites on creating ceramic tiles? the doubled a solar panels. but now

a young german company appears to be giving the billionaire a run for his money. will their invention help to top up europe's energy transition? let's take a look. this house is getting a new roof and there's something special about it. it's made with solar tiles like regular tiles stay provide a shield from the elements, but they're also capable of generating power. they're produced by out arc, a start up from prince loud in eastern germany. now and we can make a simple calculation example of $1000.00 tiles under roof at the peak of 10 kilowatts fennel in goes up. depending on the location in germany, you can get about 9000. sometimes 10000 kilowatt hours are coming down every year and kind of the initial investment in pay for itself in about 20 years. the investment is a sizable one though, compared to solar panels attached on top of a normal roof. how talks a solution can cost several 1000 years more. that's because solar tiles are still

manufacturing on a small scale in this factory. with a process that involves a lot of manual labor. despite the higher price, more and more customers are expressing their strong interest in the technology, boise, our customers of a friendly approach. they're interested in trying something that excites them, or they're interested in the aesthetics of our solution. plus we were able to come with them. thanks to our product safety features, the interpreter wants to produce more and bring down costs at the same time. to do that, the company's automating production with more and more robots in order to handle the upcoming expenditures. the owners brought new investors on board for the startup. it's the leap of faith. them last year we double our revenue to 5000000 this year. we aim to increase it fivefold. even 6 hold german homeowners tend to be price conscious, though it might still take some time for them to fully embrace this new technology

. and a reminder of our top story. shares and 1st republic bank tumbled 35 percent in early trading on worries about the solvency. but news of a rescue package from a group of wall street banks sent the san francisco based lenders soaring. and that's our show for more check out d, w dot com business, and the dw news youtube channel. we're also on facebook for me and the business team here in berlin. thank you for watching. artificial intelligence can be an engine for economic growth in the indian state. of corolla, a, i is creating new jobs, especially for women therapy, opportunities for advancement and equal rights,

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